The top three altcoins in terms of market cap keep altering as the market fluctuates.
- Ethereum (ETH)
- Binance Coin (BNB)
- Ripple (XRP)
These are the three biggest and most popular altcoins on the market as of April 2022. They all have their own advantages and disadvantages, but overall they are all solid choices for investors looking to diversify their portfolios.
- Ethereum (ETH) – The second-largest cryptocurrency by market cap. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.
- Binance Coin (BNB) – Binance Coin is the cryptocurrency issued by the exchange Binance. It trades with the BNB symbol. BNB was initially based on the Ethereum network but is now the native currency of Binance’s own blockchain, the Binance chain.
- Ripple (XRP) – Ripple is a technology that functions both as a virtual currency and a digital payment network for financial transactions. It was launched in 2012 and was co-founded by Chris Larsen and Jed McCaleb. XRP is premined and utilizes the ticker symbol XRP.
It depends on the altcoin.
Some altcoins are scams, designed to take advantage of people who don’t understand how blockchain technology works. Others are legitimate but have little real-world value. The only way to determine whether or not an altcoin is worth investing in is to research the coin thoroughly and assess its long-term potential.
That said, there are a few altcoins that show real promise and could be worth investing in. Ethereum, Litecoin, and Dash are all examples of coins with a solid foundation and a bright future. If you’re interested in investing in altcoins, do your homework first and make sure you’re putting your money into a worthwhile project.
- Ethereum (ETH) – Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
- Litecoin (LTC) -Litecoin was created in October 2011 by former Google engineer Charles Lee with the goal of creating a “silver to Bitcoin’s gold.”
- Ripple (XRP) – Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc. It allows for secure, instant and nearly free global financial transactions of any size with no chargebacks.
Ethereum is a good investment because it has a lot of potential.
Ethereum is a platform that allows for the development of decentralized applications. This means that developers can create applications that don’t rely on a third party to function. This is a big deal because it could potentially lead to more secure applications and lower costs for users.
Ethereum also has a very active community, which means that it is likely to continue to grow in popularity. The value of Ethereum has been increasing steadily, and it is likely to continue to do so in the future. For these reasons, Ethereum is a good investment choice.
Ethereum has the potential to be worth a lot because it is a platform that allows for the development of decentralized applications. These applications can have a wide variety of uses, and if they are successful, they could lead to increased demand for Ethereum.
Ethereum is expected to be worth $7,455.43 by 2025. This growth is attributed to numerous factors including the increasing use of Ethereum-based smart contracts, rising interest from major financial institutions, and the ongoing development of new scaling solutions. While prices may fluctuate in the short-term, Ethereum has incredible potential and a bright future ahead.
Yes, Ethereum is proof of work. The Ethereum blockchain uses a proof of work algorithm to verify transactions and add blocks to the chain. This makes it difficult for bad actors to manipulate the blockchain or perform double-spending attacks. Ethereum’s proof of work algorithm is called Ethash and it is ASIC resistant, which means that it cannot be optimized for specific hardware. This makes it more accessible to a wider range of people and reduces the risk of centralization. Proof of work is a key part of the Ethereum protocol and ensures that the network remains secure and decentralized.
What Is Mirror Protocol (MIR)?
Making the trade market easier and accessible to the market interest, Mirror Protocol gives crypto traders access to traditional financial assets. The smart contracts issued by Mirror Protocol (MIR) help create ‘synthetic’ assets/shares of the companies.
The centralized intermediary institutions make it difficult for any layperson to enter the market. Additionally, the accessibility is very less. To solve these issues, the smart contracts by MIR can be traded over its decentralized network. The synthetic mirrored assets, tokens on a blockchain, can also be subdivided into smaller parts. These are called as mAssets. It is more affordable for people. This method of fractional ownership. Mirror Protocol aims to replace the centralized intermediary institutions.
Mirror Protocol was launched by a South Korean company called Terraform Labs which is known for creating the Terra network. Founder Do Kwon made a mirror protocol to decentralize token and financial assets. The protocol was designed in 2020. Mirror is just one small part of the Terra galaxy. They call themselves Terranauts and plan to expand further.
Its co-founder Daniel Shin and Do Kwon wished to promote cryptocurrency and blockchain technology adoption by focusing on its usability and price stability. MIR holders have complete freedom to conduct governance of the protocol. This gives the MIR token holders an upper hand over other users.
The Team behind Mirror Protocol
Do Kwon and Daniel Shin designed the project Mirror Protocol to encourage cryptocurrency and blockchain technology use by emphasizing usability and price stability. Kwon was named CEO of Terraform Labs, the company that created Terra and Mirror Protocol.
Do Kwon frequently expresses his dedication to the global goals of cryptocurrency. Kwon founded his first company, Anyfi, in 2016. It received a one-million-dollar grant from South Korean government officials and angel investors.
Features of Mirror Protocol
The main features of the Mirror Protocol are very innovative and unique. The key aspect is the mirroring of regular stocks and the incentives for users to adopt various strategies.
Mirror Protocol’s wallet, the Mirror Wallet, is managed by ATQ Capital. It is used to purchase crypto and ETFs with cryptocurrency. Users have complete access to the financial markets. Mirror Wallet is a simple wallet that connects to the protocol and offers a variety of synthetic investment options.
The Mirror Protocol uses three types of tokens: MIR tokens, LP tokens, and mAsset tokens. Liquidity providers use LP tokens to add liquidity to pools. MIR encourages users to stake LP tokens for governance purposes.
The Mirror Protocol also includes four major components:
- It enables users to trade MIR and mint stock. The estimated pool and oracle prices of the asset are provided.
- Borrow- Fees are also included in the transactions. Users must repay their loan according to the agreed-upon terms before purchase.
- Govern: MIR tokens are used to vote on various proposals. This ensures the network’s decentralization.
- Farm: The Farm tab displays a list of available staking pools to users. Users can earn MIR by holding both long and short positions.
The MIR token serves two primary functions in the Mirror ecosystem: reward distribution and governance. Staking MIR also grants holders the right to guide protocol governance by voting on proposals, which is compensated in MIR tokens. This system was designed to promote behavior that protects the Mirror ecosystem.
Unlike many DeFi projects, no tokens are assigned to the Mirror Protocol’s developers, who strongly emphasize decentralization. The value of MIR is derived from its parent protocol Terra, which allows the token to be used in various ways.
Mirror was launched with 54.9 million MIR in circulation, and the supply is expected to grow to 375,575,000 tokens over the next four years. The final toke distribution will approximately be designated to 60 percent of the staking rewards.
The usage of mirror protocol is a relatively, very straightforward procedure. The users of Mirror Protocol have the option to either mint or trade synthetic assets. To start with the functioning of the Mirror Protocol, the users must first access the website and connect it to the Terra blockchain. As there are a wide variety of features of the Mirror Protocol, the users have the option even to farm, borrow or take part in the governance process. One can create an account in CoinDCX, verify the account and Buy MIR to begin the crypto journey in Mirror Protocol.
Mirror Protocol functions in four ways: minting, trading, liquidity provision, and staking.
- Minting: Before being used elsewhere on Mirror’s platform, synthetic mAssets must be minted. For minting, a collateralized debt position (CDP) with a minimum collateral ratio is required.
- Trading: Once minted, a mAsset can be bought or sold against UST. Mirror claims their protocol has lower network transaction fees than many of the industry’s leading decentralized trading platforms.
- Staking: Users can earn MIR tokens in one of two ways. MIR can be staked in the governance smart contract to allow voting as well as earning rewards.
- Mirror users with mAssets can deposit them—along with Terra’s stablecoin UST—into Terraswap’s liquidity pools.
The MIR Token
The project seeks to enable 24/7 stock trading by minting “synthetic” copies of the real thing. Mirror Protocol (MIR) is an Ethereum token that governs the Mirror Protocol. It allows us to generate fungible assets that track the price of real-world assets.
MIR tokens can be used to vote and propose significant protocol modifications. In other words, by mirroring the exchange values on-chain, mirrored assets are tokens that operate like a mirrored counterpart of actual assets. They provide fractional ownership, open access, and censorship resistance, just like any other cryptocurrency, while providing traders with price exposure to real assets.
Mirror Protocol is addressing inequalities in financial opportunities. It gives residents of less developed nations access to financial resources that are often only available to a small number of traders. This provides its users with a wide range of opportunities and allows the project to grow along with the new market.
A group of reputable developers created it in an environment primed for rapid expansion. Up to this point, Terra has demonstrated a great capacity to handle a wide range of DeFi dApps and protocols with many use cases.
However, MIR also comes with certain limitations. The investors can create a replica of their assets, but they do not own the assets. They do not have the right to brain votes, access to dividends, or shareholders’ rights. It isn’t good for long-term investments.
Global accessibility without entrance limits, the representation of fractional orders as numbers on the blockchain, and the elimination of the intermediate bundling process are all benefits of mAssets. Furthermore, as mirrors rely on the liquidity provided by each unique asset pool, orders can be fulfilled as quickly as the network’s block time (around 6 seconds). Thus, even if they don’t own the underlying asset, Mirror enables investors to directly participate in investments or price speculation. A governance resource of the Mirror Protocol is MIR currency. Owners may suggest and decide on operational changes. The total supply of MIR tokens is 370575000.
The MIR holders that control the Mirror Protocol are totally decentralized. The distribution of MIR tokens among network users is equitable and is based on each participant’s place in the protocol; the tokens are not pre-mined. The project’s major goal is to make it simple to enter the financial markets and to provide liquidity to promote the production of synthetic assets.
The LUNA price, which is now present on the new Terra 2.0 chain, is decided by pricing oracles, which the Mirror Protocol uses. After Terra’s fork, some validators did not upgrade their software, so LUNA was priced at $10 instead of LUNC at $0.0001. As a result, exploiters could borrow mAssets with very little security.
What Is Sweatcoin?
The Move-to-Earn Model
Move-to-earn is a recent development introduced via apps like Sweatcoin. The underlying idea is to allow users to make passive income while they perform daily physical activities.
In the past decade, fitness tracking apps have increased popularity in the tech industries. The digital pedometer to track your step counts, weight, caloric expenditure, etc. is quite common. It’s only obvious for the fitness and health industry to merge some systems to create an innovative structure just like other industries have been doing with the introduction of the blockchain industry.
Move to earn forms a part of the gamification process. According to research, humans are far more likely to participate in an activity if we turn it into something fun and rewarding. For instance, if you ask a person to click the same button 100 times, there is more chance of them not doing it. However, if the same activity has an addition of some fun graphics and simple rewards, they would be more than happy to click the same button over and over again.
Sweatcoin, along with other move-to-earn programs, is supposed to use a similar concept to aid people in getting healthier. While working out, people will be able to see themselves gaining several rewards. This would give them a further boost to keep exercising regularly.
In April 2022, after M2E, Sweatcoin was also announced to be released. It is an app-based cryptocurrency that is created to reward the users who join the system and indulge in physical activities. The Sweatcoin token (SWEAT) is created by using the Ethereum (ETH) and Near Protocol (NEAR) blockchains.
It is a fitness movement application based on the concept of the move-to-earn trend. With the help of this app, users can convert their steps into cryptocurrency. They can earn SWEAT tokens when they walk or exercise and exchange them for rewards.
History of Sweatcoin
Sweatcoin was founded in 2016 by Oleg Fomenko and Anton Derlyatka with an aim to use modern technology to induce a healthier lifestyle amongst people. The two developers stated that they felt that there were ways in which modern technology was being misused. They wanted to create an app using modern tech to reward hard work and a healthy lifestyle instead of granting instant gratification.
Sweatcoin witnessed rapid growth, with more than 10 million people signing up in just the first two years. According to the developers, 2022 would bring six times more users. The rewards that the users earn serve as the motivation for them to work harder. The users can receive free products from approximately 300 brands as of now. The user needs to instill immense discipline and hard work to earn these rewards.
The app uses a step sensor to track movements to ensure that the model is fair and prevent cheating. The app then feeds the phone’s location and data into an algorithm to filter any false data.
Sweatcoin offers a freely installable application that supports Android, Windows, and iOS. This application works similarly to other track-stepping apps. The application uses the device’s built-in accelerometer to track how many steps you take every day. The amount of exercise you do determines how much sweatcoin you’d earn on this platform.
Sweatcoin offers a freely installable application that supports Android, Windows, and iOS. This application works similarly to other track-stepping apps. The application uses the device’s built-in accelerometer to track how many steps you take every day. The amount of exercise you do determines how much sweatcoin you’d earn on this platform.
You can connect the Sweatcoin app with the default apps of your device, like Google Fit, Apple Fit, etc. The app would track outdoor movements like walking, running, etc. To avoid any sort of cheating, the developers have taken several considerations including the system that the app does not track indoor movements. For every 1000 steps, the users get 0.95 sweatcoin.
You can use these sweatcoins to purchase several items available on the marketplace. There are several products from approximately 300 brands available at this marketplace for you to purchase at a discounted price. The users also have the option to donate these coins to help several charitable organizations working for humanitarian and environmental causes. Such organizations include Save the Children International, Cancer Research UK, African Wildlife Foundation, etc.
The app runs in the background, consuming minimal battery and bandwidth. All you have to do is leave the app open while you’re going about your daily activities and exercises. You can also refer your family members and friends to this app, and earn 5 Sweatcoin for each referral.
Put in simple words, the SWEAT token will act as the signature cryptocurrency for the Sweatcoin app. It is based on the Ethereum blockchain tech, making it a bit more functional than ordinary crypto.
The founders of the Sweatcoin app announced in April 2022, that they are working on developing the app into a decentralized crypto platform. SWEAT, the native token of the platform, would form the basis of this economy and would have functions similar to Sweatcoins. Recently launched, existing users can mint the token at a special discount.
Just like other cryptos, the price of Sweatcoin will also fluctuate based on its demand and supply. Plus, as time progresses, it will be more and more difficult to mine SWEAT. Just like Bitcoin, it will take comparatively more work to mine every individual SWEAT token. This means that the number of steps you take now will earn you more SWEAT as compared to those you take later. The developers intentionally put this feature to ensure that the users intended to work now, instead of delaying it for later.
Sweatcoin has collaborated with the Sweat Foundation Ltd. to launch SWEAT. This native token for the Sweatcoin app was recently introduced in September this year. The users of the Sweatcoin app were also offered a one-time deal where they got the same amount of SWEAT for the Sweatcoins in their wallet.
This promotion event took place in September under the Token Generation Event. In this event, the user got the same number of SWEAT that they used to sign up with at the launch. For instance, the Sweatcoin user that registered at the launch with 1000 sweatcoins received the same amount of SWEAT from the organization. Plus, they also retained their Sweatcoins.
Apart from this, the users can obtain further SWEAT coins by minting them solely with their movements. The system of SWEAT minting works similarly to Bitcoin, where it will be more and more difficult to mine the SWEAT crypto with every single coin minted. There is a total supply of 21.2 Billion SWEAT coins.
Given below are some significant elements of SWEAT tokenomics.
- SWEAT was launched on NEAR — it is compatible with ERC-20, NEP-141, and NEAR-141.
- Just the first 5000 steps of the users can generate SWEAT after the Token Generation Event.
- The users can manage their coins with the Sweat Wallet App.
- The SWEAT DAO will create a decentralized system, with users aiding in developing Sweatcoin.
With the great design and user interface of the Sweatcoin app, it is quite simple for both experienced and new crypto users who wish to get a healthier lifestyle and earn passive income.
- Sign up for Sweatcoin
The first step is to sign up for the application. The steps to register your Sweatcoin account is quite simple, and once you install the app, it will guide you through the process.
The users earn 0.95 Sweatcoins for every 1000 steps that they walk outside. The free version of the app allows users to earn up to 5 Sweatcoins daily. The conversion rate for the steps-to-Sweatcoin is 65%, meaning that for every 1000 steps, you would earn Sweatcoins worth 650 steps.
- Earn Sweatcoin and SWEAT
For the amount of movement and exercise you perform, Sweatcoin rewards you with SWCs. These coins can be used in exchange for various products, services, vouchers, gift cards, etc. All you have to do is walk with your device’s GPS on, and you will be awarded Sweatcoins based on the number of steps you take every day.
The free app would record your steps and pays you with SWC for your steps until you’ve reached the 10,000 steps mark. After completing the task, the app converts your steps into SWC. While you can earn around 5 SWC per day on the free version of the app, the premium allows you to earn more every day.
The marketplace of the Sweatcoin app offers various goods and services from several companies. You can exchange your SWCs for any of these items available in the marketplace. You can use SWC to purchase luxury items, get subscriptions to Audible, Netflix, etc, or get Gift cards for apps like Amazon. With the release of the SWEAT crypto, you can also convert SWC into SWEAT, which you can also cash out later.
Introducing the native cryptocurrency for the app offers a whole new opportunity for crypto investors and enthusiasts. To own or trade SWEAT, people don’t need to walk or exercise, nor do they need to know about Sweatcoin. They can own SWEAT just like they own any other cryptocurrency.
Just like any other cryptocurrency, it is impossible to predict whether investing in SWEAT is a good idea. It is natural for the price value of SWEAT to fluctuate with fluctuations in the market trends. Despite the uncertainty, the Sweatcoin crypto seems to have caught considerable attention from investors. Sweatcoin crypto has emerged as one of the trendiest cryptos introduced recently.
For every 1000 steps, users get 0.95 Sweatcoins. After collecting a particular amount of Sweatcoins, the users can exchange them for one of the several rewards available from various brands.
Since the value of every 1000 steps is 0.95 Sweatcoins, a person needs to walk for approximately 21 million steps in order to earn 20,000 Sweatcoins. However, there are some other ways too by which users can earn Sweatcoins. There are several bonuses and promotions, and referrals that can help users to earn faster.
As of now, there is no such system for getting real-time money from Sweatcoin. However, users can use these Sweatcoins to exchange them for several rewards and benefits from more than 300 brands. In a way, these rewards and purchases that the users make via Sweatcoin give them a monetary image.
The organization has also released the native token for Sweatcoin, called SWEAT. Users can use it just like any other crypto coin and can exchange these coins for money.
With the release of SWEAT, the native cryptocurrency for the Sweatcoin app, in September 2022, users can convert the cryptocurrency directly into cash.
In April 2022, the founders announced the release of SWEAT, the native currency for the platform. This cryptocurrency was officially released on 13 September 2022. The users can use SWEAT just like any other cryptocurrency.
ApeCoin (APE): Everything You Need To Know
Yuga Labs is a cryptocurrency and NFT marketing and development firm. The company started selling Bored Ape NFTs in April 2021 with the Bored Ape Yacht Club (BAYC) and has developed more NFT and Metaverse-based solutions since then. The company’s name, Yuga, is derived from a villain in a game that can turn its opponents into 2D art. The Bored Ape Yacht Club’s use of apes was inspired by the history of people referring to themselves as apes in cryptocurrency.
ApeCoin (APE) is the APE ecosystem’s governance and utility token. It is a decentralized protocol layer that helps the APE community build on the cutting edge of Web 3.0. Yuga Labs has chosen APE as the primary token for all new products and services.
The token will be used to fund Yuga Lab’s expansion of BAYC into Web3 and gaming. The ApeCoin DAO is launching the token, with 62 percent of the 1 billion supply allocated to the ApeCoin community and 15 percent available to BAYC NFT holders.
The decision to launch the token through the ApeCoin DAO resulted from the SEC’s prosecution of cryptocurrency start-ups that sold tokens that could be considered unregistered securities.
The ApeCoin DAO governs it, and the APE Foundation provides support. ApeCoin DAO is a decentralized autonomous organization (DAO) in which all APE token holders can vote on governance issues. They have the authority to allocate the Ecosystem Fund, establish governance rules, select projects and partnerships, and so on.
The APE Foundation
The APE Foundation manages ApeCoin. It is not an overseer, but rather the Foundation upon which ApeCoin DAO holders can build.
The APE Foundation’s task is to oversee the fair and inclusive growth and development of the APE ecosystem. The Foundation promotes decentralized and community-led governance to become more decentralized over time. It is tasked with carrying out the ApeCoin DAO’s decisions and is in charge of day-to-day operations, among other things.
The Board of Directors comprises five members of the tech and crypto communities, including Reddit co-founder Alexis Ohanian. The initial Board members will serve for six months as a decentralized Board before APE holders vote for new Board members every year.
The ApeCoin community and all products and services that use APE comprise the APE ecosystem. Bored Ape Yacht club will participate in the ApeCoin DAO as a community member and use APE as the primary token in new projects. Holders of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were entitled to 15% of the ApeCoin supply at its launch.
The ecosystem has three main NFT collections: Bored Ape Yacht Club, Bored Ape Kennel Club, and Mutant Ape Yacht Club.
ApeCoin’s total supply is one billion tokens. The contract interface prevents the creation of any more tokens, imposing a cap. In the APE ecosystem, the ApeCoin token serves several functions. APE holders can access exclusive APE ecosystem features such as games, merch, events, and services.
How Was It Distributed
The ApeCoin DAO community received 62% of the tokens. 15% of it is distributed to BAYC and MAYC holders. BAYC holders can claim 10,094 APE for each NFT they own, while MAYC holders can claim 2,042 APE. The remainder will be distributed as part of the DAO’s ecosystem fund. The four founders of Yuga Labs and BAYC will receive 8% of the tokens. Yuga Labs will receive 16% of the tokens. A portion of this money will be donated to primatologist Jane Goodall’s charity foundation. Additionally, around 14% of the tokens are for those who helped in the entire launch and making of the ApeCoin protocol.
It is effortless to purchase ApeCoin for cryptocurrency exchange. First, one must sign up on the ApeCoin page with a verified email address, contact number, and user name. After completing the Know Your Customer (KYC) process, one must upload their ID and deposit the fiat money to buy the required ApeCoin.
ApeCoin has managed to steal the spotlight since its inception, at a time when NFTs are still storming the crypto arena. ApeCoin’s price has risen by 8% in the last 7 days. In the last 24 hours, the price has dropped by 4.15%. 306,875,000 APE are currently in circulation. ApeCoin is currently worth $5.56 per APE.
Yes, you can buy ApeCoin on Coinbase. Create an account, verify your ID, add a payment method, and start the trade immediately. After this, you need to select ApeCoin from the list of assets, enter the amount you want to buy and continue the process. You can finalize your purchase of ApeCoin by previewing buy and then clicking on “Buy Now.”
ApeCoin (APE), a cryptocurrency created by Yuga Labs, has been adopted as the native coin of the Bored Ape Yacht Club (BAYC). ApeCoin is an ERC-20 token. Unlike NFTs, they are intended to be “fungible” – like Bitcoin (BTC), any ApeCoin should be worth exactly the same as any other ApeCoin.
ApeCoin DAO launched ApeCoin, a new governing body comprised of all APE holders. Its purpose is to collect community proposals, which token holders can vote on. The Ape Foundation is a separate organization that will handle day-to-day DAO administration, proposal management, and other tasks that ensure the DAO community’s ideas have the support they require to become a reality. It serves as ApeCoin DAO’s legal Foundation. The initial board included five high-profile crypto investors: Reddit co-founder Alexis Ohanian; Amy Wu, who leads the venture arm of crypto exchange FTX; Maaria Bajwa of Sound Ventures; Yat Siu of Animoca Brands; and Dean Steinbeck of Horizen Labs.
ApeCoin has great potential in the rapidly expanding Metaverse space. It is already being used as in-game currency in a P2E game.ApeCoin serves several functions in the ecosystem. ApeCoin use cases allow holders to participate in DAO governance and access exclusive ecosystem features such as games, events, merchandise, and services. ApeCoin can also be used to make payments. ApeCoin is an ERC-20 token; it is technically acceptable to most merchants for purchasing services.
All you Need to Know About Crypto Credit Cards
Cryptocurrency debit and credit cards are currently countable because of the many banking restrictions on crypto transactions. Many cards are suitable for regular shoppers since they work as purchase rewards cards that allow you to earn money back on purchases. Some platforms where you can get a crypto debit card are Crypto.com, Coinbase Visa card, Nexo, Wirex Visa card, and Swipe Visa Card.
Visa cards that enable the purchase of crypto work like any other traditional payment card. The only difference, in this case, is that instead of a bank, the payment partner works with your crypto exchange to settle the transaction. The payment will go through if you have the required funds in your crypto wallet.
Many platforms like Wirex, Coinbase, Bitpanda, and Coinmama allow you to purchase bitcoin using MasterCard or Visa. Setting up your account on these platforms is easy and quick, usually within one day. You have to connect your visa credit card to the account on the platform. Once this is done, you can initiate transactions.
As long as you use a trusted exchange, you can use your debit card to buy bitcoins. However, it is advisable not to keep the bitcoins on the exchange after you buy them but move them to your bitcoin wallet. However, you must remember that while using your debit card might be convenient, it can also be more expensive. Some banks usually charge around 3% to 5% fees.
Bitcoin debit cards currently do not exist as plenty of bitcoin debit card providers offer you their own unique bitcoin debit cards. For example, Coinbase is the top overall choice for a bitcoin debit card.
Yes. You can buy bitcoins using Indian credit cards on the eToro platform. It is one of the first companies to allow digital asset trading and began offering bitcoin in 2013. It is regulated by FCA, ASIC, and CySEC and accepts traders from most countries, including the US and UK.
No. While bitcoin is becoming popular among the masses, it is a comparatively newer technology that has not passed its introduction phase. Moreover, Visa and MasterCard are already accepted by most merchants and allow millions of transactions per second worldwide. Simultaneously, buying and selling bitcoins is still cumbersome, and a few businesses accept Bitcoin.
WAVES-USD is the final possible candidate to be the next big crypto on the market. Waves is a blockchain platform for building Dapps and smart contracts and launching custom crypto tokens. The platform uses a variation of the PoS consensus mechanism called leased proof-of-stake (PLoS).
Yes, you can, if you don’t mind getting caught. Most platforms now require you to verify your identity before you can use a debit or credit card to buy bitcoins. Moreover, many sites limit the number of bitcoins you can buy within a day or a month. These limits discourage any type of bitcoin fraud. Overall, you will not attain much success doing it from any leading bitcoin trading platform.
Yes, you can. You can borrow up to 50% of your crypto’s value with a lender like Binance or up to 90% with a lender like Youholder.com. Some lenders also accept as many as 40 different cryptocurrencies as collateral, where Ethereum and Bitcoin are the most popular. The loan terms can range from seven days to a year or more.
Coinpayments is easily one of the most user-friendly payment gateways for all merchants looking to accept cryptocurrency payments.
Yes, Onlyfans accept MoonlyFans as cryptocurrency. MoonlyFans is a cryptocurrency that allows users to anonymously subscribe and pay for adult content on OnlyFans. It is a great way to maintain anonymity on the website.
First, you need to log in to your Binance account and navigate to the funding wallet. Click on transfer, and you will be able to transfer funds within your daily funding wallet transfer limit. The transfer will be instant, and you can use the funds immediately.
Coinbase is perhaps the simplest to use as a global crypto exchange. This platform has added Paypal to allow customers to buy using connected debit cards and bank accounts. This has made Coinbase an even easier platform to buy cryptocurrencies.
Binance is one of the most popular crypto exchanges in the world. It outperforms all other exchanges in terms of trading volume handling billions of dollars in daily trades. So, if you are looking for a platform to buy bitcoin with a credit card instantly, this exchange has you covered. One of the main advantages of balance is that it is extremely liquid. This implies that you will be able to treat bitcoin within seconds.
After verification of the account, you can buy bitcoin with a credit or debit card on Coinmama for up to 15,000 USD per month.
This sheer ease of utilizing a crypto debit card is perhaps the most significant benefit. You don’t need to swap your crypto, wait for the exchange to transfer the funds, and then move it into a banking account. A crypto debit card allows you to simply use your crypto assets by swiping the debit card and will enable you to cover your daily expenses. Some providers also offer cashback and other rewards on every transaction.
Cryptocurrency traders can buy and sell bitcoin on Coinbase pro. Also, you can trade coins like bitcoin cash, Litecoin, and Ethereum seamlessly and securely. You cannot directly use your debit card on Coinbase pro if you already have a Coinbase account; you can use the same credentials on Coinbase pro and transfer your funds between Coinbase the Coinbase pro wallets instantly and for free.
Yes, you can buy bitcoin using an Entropay card. Entropay is a good option if you are looking for a virtual card that is accepted worldwide and is effective in instant money transfers.
Mycelium is one of the top choices for mobile and is one of the earliest entrants into the digital asset wallet space. Mycelium is a feature-rich application that provides strong security and makes a good bet for crypto users that are more advanced and who can effectively handle complexities. However, the number of coins is limited, so it is not for investors seeking variety in their crypto holdings.
The company claims that they go to great lengths to keep their customers’ sensitive information. The company stores account and doubting numbers using bank-level AES-256 encryption on its servers. Moreover, the company sends all the traffic over SSL to prevent third parties from eavesdropping on their customers’ connections. The company also emphasizes that we have never sustained a breach by hackers; generally, unauthorized transactions exist. Overall it can be stated that it is safe to use your debit card on Coinbase.
Fluid Finance is one of the best crypto debit cards you can use in Europe. It is a banking solution based in Switzerland. The company has managed to incorporate the benefits of traditional banking into crypto by introducing applications that allow its customers to use their digital assets in the real world.
If eligible, you can sign up for a Coinbase card through coinbase.com or by using the coin this mobile application. Then go to your Pay tab, select apply now under Coinbase card, and follow the prompts to sign up. The criteria of the coin are predetermined by factors that include your US state of residence.
Binance is one of the best platforms for trading more than 150 cryptocurrencies, including bitcoin. This platform allows you to buy bitcoin with your credit card and does not require any verification. Binance also provides an API that helps you to integrate your current trading applications.
Coinbase is the top overall choice for a Bitcoin debit card. You can use it anywhere as Visa is accepted almost at all locations, supports up to different cryptocurrencies, and features robust security. You can pay using multiple cryptocurrency wallets. It is also considered the safest bitcoin debit card as it possesses multiple security features.
It is hard to find crypto platform applications or exchanges that charge fairly for crypto purchases using a debit or credit card. This is because most platforms charge exorbitant fees of up to 7% on every crypto purchase. Some of the platforms where you can use your debit card to purchase bitcoin without any hidden cost are Pionex, Binance, Coinbase, Coinmama, and Crypto.com.
Coinbase is the best Ethereum visa card. The main advantage of the same is the wide acceptability rate of the Coinbase visa card. This is because it is accepted anywhere Visa cards are accepted.
You can buy Bitcoin using MasterCard from platforms like Coinbase, Wirex, Bitpanda, and Coinmama. Connecting your debit or credit card to the account is effortless and quick. Once this is done, you can easily initiate transactions.
Buying bitcoin or any trip to currency using a credit card is only possible if your credit card issuer and crypto exchange allow it. Using a credit card to buy crypto can be very expensive because the transaction is often considered a cash advance. However, not all banks allow cryptocurrency purchases. In such cases, you either have to call your bank or opt for a completely different bank that allows cryptocurrency purchases using their credit card.
OnlyFans does not accept payments from people or gift cards. Moreover, the website also does not accept cards, including prepaid cards, that do not have 3-D secure authentication. This reduces the risk of cards not presenting fraud and ensures that stolen cards are not used for online purchases.
Although Coinbase allows its customers to buy bitcoin and other cryptocurrencies with debit cards, it does not allow you to buy bitcoin with credit cards.
Coinbase is the best Bitcoin debit card in the United States. You can easily use it wherever Visa is accepted, it supports eight different cryptocurrencies and has multiple features for maintaining security.
The Best Crypto Credit Cards and How to Use Them
Cryptocurrency has taken the world by storm within the last decade. Not only has it become large enough to be considered an entire industry by itself, but it has also quickly overtaken any other financial industry. However, the fact remains that cryptocurrency is still a relatively new concept to the larger masses, who, maybe, are not as tech-savvy as full-time crypto investors. That is why it is pretty natural to have many questions about how the industry works and how one can find their inlet into it.
A crypto credit card works much as any regular credit card would. It is a credit card that lets you draw in cryptocurrencies. Also, you get to essentially borrow from the credit card issuer, in terms of cryptocurrencies and pay back the amount drawn later. This is different from a crypto debit card, where you can only withdraw the amount you already own.
Credit Cards with Crypto Rewards
There are many credit cards you can get rewards from, and the rewards will be in terms of cryptocurrencies. Of course, the validity of credit cards varies from country to country. However, popular options like Gemini credit cards, Venmo, SoFi credit card, Brex, etc., are some credits that give out crypto rewards.
Are Crypto Rewards Credit Cards a Good Idea
Credit cards that give the user crypto rewards are an excellent way to nudge nascent crypto enthusiasts into the world of cryptocurrency. Investing in cryptocurrency or using it in real-world transactions is also incentivized by using credit cards that give away crypto rewards. Besides, such credit cards can be found almost universally, giving seasoned crypto veterans a reason to stay in the industry. So yes, crypto rewards credit cards can be a really good idea.
Best crypto credit cards 2022: Cryptocurrency rewards
While many credit cards offer crypto rewards, only some have made it to the top spots. Gemini credit card, Block FI Rewards Visa Signature Card, and Nexo card top the list, while many others also make it to the bests. SoFi credit card and Coinbase card also follow closely at the heels.
Best Crypto Credit Cards | The Ascent
According to the rankings published by The Ascent in their May 2022 update, the best crypto credit cards vary in perks. For example, the SoFi credit card has the highest rewards rate, while BlockFi Rewards Visa Signature Card has a very rich bonus for first-timers. Upgrade Bitcoin Rewards card is for those with a good credit score already, while Venmo credit cards are the best if you want to make more money.
Best Crypto Credit Cards for August 2022
The basis on which one judges crypto credit cards could vary. However, some credit cards go a long way regarding the crypto rewards they give back. For example, BlockFi Rewards Visa Signature Card. Gives up to 2% returns in terms of rewards. SoFi credit card also has a 2% return rate for crypto rewards.
The 6 Best Credit Cards that Earn Crypto Rewards 
BlockFi Rewards Visa Signature Card, Brex 30 card, and Gemini card are all crypto credit cards that are the best currently. Other than these are the Nexo Card, the SoFo credit card, and the Celcius card.
Top 4 Crypto Credit Cards in 2022
If you are looking for a card that gives the best returns in Bitcoins at the moment, you should consider a BlockFi credit card. Again, the Crypto.com card has the most flexible terms, while the Nexo card is arguably the best when it comes to No Fees. You also have the Emily card, which ensures a wonderful user experience and card-user interface.
Crypto Credit Cards Catching on
Even though cryptocurrency has not become the most common way to undertake transactions or investments, it is gaining much traction very quickly now. With crypto credit cards like the BlockFi Rewards Visa Signature credit card offering rewards and easing out the entire credit card experience, crypto credit cards are certainly catching up in popularity.
As of now, cryptocurrency can still be considered a rather unpredictable asset. With something like this, you have to understand that the risk factor can be quite high, too. So if you incur a loss of credit card debt in your pursuit of purchasing cryptocurrency, you will be bringing on a high-risk investment upon yourself. Make sure you make smart moves.
While you can buy cryptocurrency with a credit card, most crypto buying and trading platforms charge quite a considerable amount as a percentage. Cryptocurrency transactions or purchases will need you to pay a specific charge. So, yes, your credit card will very likely charge you for buying a cryptocurrency.
Almost anyone could technically find cryptocurrency a more accessible alternative to credit card payments. Cryptocurrency transactions do not typically charge the parties involved with additional charges, unlike most credit cards currently doing the rounds. Plus, once a cryptocurrency is accepted, it can become a universal payment mode that doesn’t need any translation.
If you’re using a credit card to buy cryptocurrency, you will need to use some crypto purchasing platforms that deal exclusively with this action. For example, platforms like Pionex, Bitstamp, Binance, and Bybit. Other than that, Crypto.com, Coinmama, Coinsmart, etc., are popular crypto purchasing platforms.
Whether you get to use your visa credit card to purchase cryptocurrency or not largely depends on the merchant or the seller. If the merchant accepts a Visa-partnered crypto credit card, you will be able to use yours to that end. You must remember that your merchant or seller needs to be compatible with your mode of transaction for the process to run smoothly.
Despite the hundred and one reasons cryptocurrency has earned its popularity, it is a rather tall claim that Bitcoin will replace credit cards soon. This is simply because the infrastructure development is not on par for a complete replacement. This might, however, be a long-term prediction.
If you use your credit card to buy cryptocurrency, make sure you have thoroughly been through the regulation about the same in terms of the law and your merchant’s policies. Some crypto purchasing platforms, for example, don’t allow buyers to purchase crypto with credit cards, while others might only allow certain types of credit cards, like Visa or MasterCard.
Some customers are facing problems while making purchases using Coinbase. If you have faced a similar problem, it is essential to note that it is not Coinbase that is declining your purchase, but it is the banks. For UK customers, you need to have a 3D secure to support your purchases. This payment method will not have to pre-fund your account to buy. You can purchase instantly without waiting for a bank transfer to complete.
Your Coinbase card is a visa debit card that allows you to spend the balance of your crypto assets in your Coinbase account. It is the quickest and easiest way to spend your crypto globally.
Whether you can buy stable coins using your credit card depends largely on the bank that has issued your credit card. Many major credit card companies prohibit their customers from buying cryptocurrencies using credit cards. Those allowing you to buy crypto with your card (such as Visa and Mastercard) will likely consider it a cash advance. You’ll be charged a cash advance fee (generally 3% to 5% of the transaction).
Yes. Once a user has verified their account on Coinmama, they can purchase Bitcoin using a debit card, credit card, or wire transfer from their bank account. Once cleared, you can buy Bitcoins for up to 15,000 USD with your debit or credit card.
Crypto credit cards are currently gaining popularity in the US and are becoming readily available. Easy access to crypto might appeal to both existing crypto enthusiasts and curious investors looking to enter the market. However, it leaves a lot to be desired regarding rewarding value. Crypto credit cards offer only lukewarm reward rates, which, combined with cryptocurrency volatility, generates a substantial opportunity cost in forgoing guaranteed points or cashback redemptions offered by regular credit card companies. Thus, it could be said that crypto credit cards have a long way ahead before their value matches the credit cards that exist in the market today.
One of the essential benefits of having a credit Card is that it allows you to convert your cryptocurrencies into spendable money. It is an easy option for investors to spend their assets more quickly. Moreover, there is no credit check. Your credit score does not become a qualifying factor for a crypto credit card. One of crypto credit cards’ main cons is that they are not universally accepted. Moreover, cardholders do not earn rewards on all their spending compared to traditional credit cards.
What is COTI?
COTI is the first-ever enterprise-grade digital fintech platform worldwide that ousts all intermediaries and enables organizations to build their payment solutions. The organizations can use Coti’s Trustchain protocol to digitalize any currency. COTI is optimized to be suitable for merchants, governments, and stablecoin issuers.
According to the provider of the COTI payments system, the traditional finance system possesses several hindrances like merchant fees and cross-border barriers. They claim that the blockchain is not free from hassles either. Blockchain consumes a lot of energy, and the transaction process is slow, which results in delays, costs, and scalability issues.
COTI offers a block-less and miner-less network system, which deals with the issue of scalability. Unlike traditional blockchain, COTI uses the DAG (directed acyclic graph) protocol which has a specific flow direction and links every transaction with multiple other transactions. While traditional blockchain is a chronological list of transactions, the DAG protocol works as a tree with transactions acting as branches.
The “proof of trust” consensus system forms the basis of COTI’s DAG protocol, giving it the name ‘trustchain’. A transaction must authenticate two previous transactions within its trust score’s range to become a part of the trustchain. Trustchain simultaneously connects transactions, due to which COTI can process 10,000 transactions every second, as opposed to Bitcoin’s limit of approximately eight transactions per minute.
Based on several factors, a user’s trust score is continuously updated. The factors that affect users’ trust scores include the number of successful transactions, the frequency with which a person uses the COTI network, etc. If a user secures a higher trust core, he gets specific incentives like lower fees and lesser confirmation times.
History of COTI
Founded in June 2017, COTI has its headquarters at Line Wall Road in Gibraltar. COTI consists of a team of proficient experts from numerous professional backgrounds who share a common interest in blockchain, decentralization, and privacy. Proficients like engineers, developers, researchers, bankers, and other entities from several relevant industries form the team of COTI.
COTI aims to solve problems related to traditional trading services and blockchain networks. The developers of COTI have tried to deal with issues like regulations, security, high-energy consumption, lack of trust in the blockchain systems, etc. COTI offers its users a fast and exclusive DAG-based protocol and a scalable framework.
COTI aims to offer a decentralized payment network with which businesses can achieve maximum efficacy. It uses components like Trustchain, Multi DAG data structure, Proof of Trust, and Node Clusters to implement this plan.
Trustchain comprises the foundational technology that the COTI ecosystem and products use. It works on an exclusive machine-literacy-based agreement algorithm that significantly increases the transaction speed, and reduces the transaction costs. For this, the system pins trust scores to the data and groups them into chains. COTI assembles infrastructure, services, and network layers to build a customizable, comprehensive payments solution.
Multi-directed acyclic graph (DAG) data structure, facilitating scalability, forms the basis of Trustchain. Multi DAG is more like a graph that acts as a data modeling or structuring tool that records one transaction on top of the other. This allows multiple nodes to occur synchronously. COTI assembles infrastructures, services, and network layers to build a customizable and comprehensive payment solution.
Unlike Bitcoin’s PoW algorithm, COTI uses PoT (Proof of Trust) as its consensus algorithm. While PoW uses mining, PoT offers efficacy by allocating a trust score to each network user and using DAG to provide effective scalability.
The multi-DAG layer system of COTI will be clearer if we compare it with the Multi-DAG system of Ethereum. Both these systems consist of a common decentralized infrastructure that acts as a gateway to several tokens and smart contracts using a single native token to carry out the transactions.
With the use of Multi-DAG, COTI allows the token issuers to label their product distinctively and form a set of personalized rules per their requirements and use cases. With COTI Multi-DAG, the token issues get overall control over their network. This opens the door to unlimited instances and tokens without any network degradation.
These instances withhold all the characteristic features of the COTI ecosystem, like low fees, enhanced speed, privacy, regulatory compliances, scalability, privacy, etc. Thus, the transactions on this multi-DAG require fees in COTI, which leads to a hike in demand for the COTI coin, and hence adds to the value of the network.
After releasing Truschain 2.0, COTI is working on an improved version of MultiDAG, labeled MultiDAG 2.0. This enhanced version will allow the users to issue their tokens on the Trustchain and simultaneously use them for transactions via several wallets like COTI pay and other supported networks.
COTI for Business
The digital finance solution for businesses and merchants forms the basis of COTI. COTI Pay is a digital platform for businesses and customers, where businesses decide the payment details. COTI can process almost all payment types- online and offline. Customers can choose from the given payment options, including cryptocurrencies, credit cards, and stablecoins.
Using the COTI network in place of the traditional methods offers several benefits to the users. With COTI, users can curb the processing fees and the expenses incurred on transactional operations. It helps businesses in increasing their market reach with the system of supporting several payment options.
One of the best features of COTI is that with COTI, companies have the authority to issue their own branded stablecoins. It is the first platform across the world that is optimized to suit stablecoin creation. With COTI, companies can pick an asset per their preference and peg their coin to that value.
COTI claims that it puts both the data and the money into the hands of the business customer, which removes the concerns about the trust and volatility that comes with cryptocurrencies. This stablecoins creation ability also reduces the costs for businesses by removing the factor of independence on external coins, thus removing the issue of high fees and transaction costs.
Several factors contribute to the uniqueness of the COTI network.
- COTI is the first platform across the world that can create a stablecoin with balanced and durable prices. This allows users to create their stablecoin and have total control over their data.
- The COTI platform prioritizes purchases in a system where the transactions to a certain user cannot be tracked. For this to be possible, COTI creates multiple addresses with a one-way hash for every scale.
- COTI offers a secure platform as it makes every user go through the KYC (Know Your Customer) regulations. Plus, users must follow Anti Money-laundering Rules if they wish to join the COTI ecosystem.
Use Cases of COTI
For Consumers: The payment use cases rarely involve digital currencies due to their scalability challenges and relative complexity. So one of the main objectives of COTI’s application is to offer digital currencies that the users can acquire and store at ease and use their fiat equivalents.
- Wallets: COTI offers a multi-currency wallet as one of its main features. The wallets have an excellent user interface and offer instant and hassle-free access to the COTI payments network. They support numerous consumer payment use cases like P2P transactions with other COTI wallet users. It also offers wallet-to-wallet transactions.
- Debit cards: COTI offers access to debit cards which the users can link directly to the COTI wallets. This enables the users to carry out transactions through their COTI wallets when dealing with users or merchants who haven’t yet linked with COTI.
The members of COTI are keen on developing a suite of merchant tools and services that offer compelling features and benefits to the merchants. This makes COTI an imperative replacement for their existing payment options.
- Processing tools: COTI is designing several efficient processing tools with which businesses will be able to process payments from COTI Pay wallet holders. With these tools, the merchants can send invites to the customers who visit the websites of COTI Pay-based merchants but do not have COTI Pay wallets. To add to it, the merchants can decide whether they wish to integrate their payment methods and websites with COTI Pay through an API or iFrame. Major e-commerce platforms like Shopify, eBay, and Magento support the integration process.
COTI is set to develop an application that would enable the mediators to accept invitations related to receiving and reviewing caseload data, placing wagers, and receiving payouts in COTI in case of successful contribution to the mediated outcome. This will deal with several issues and disputes in the network at any time.
The COTI Treasury: Deposit and Earn
The purpose of the COTI Treasury is to consolidate the rewards from the products and services of COTI’s ecosystem into one platform. Like other lending platforms, you can deposit COTI tokens in a pool, and the Treasury will give you incentives for their stake. Launched in February 2022, the Treasury consists of 330 million COTI tokens as deposits. It is growing quickly with the money obtained via products and services of the COTI ecosystem.
You can deposit your COTI into the Treasury pool to stake them and increase your active deposits with more tokens whenever you wish. These deposits would earn an APY in Treasury rewards (COTI) based on the deposit multiplier and the lock period. To add to it, as a user, you will get the right to the COTI ecosystem and get a share of the overall treasury pool.
Once you have deposited these coins in the Treasury, you can add more COTI coins or withdraw your deposits and the rewards you’ve earned. After completing a set locked period, you can be eligible to set a new lock period, generally extending up to 30 days, 90 days, six months, or even a year.
The native token for the COTI ecosystem is the COTI coin, a DAG-based cryptocurrency. The total supply of COTI accounts for 2 billion. The network security for the COTI coin doesn’t need PoW mining. Instead, it works on mainnets like Trustchain, Ethereum, and BNB chain.
- Trustchain: It serves as COTI’s native mainnet.
- Ethereum: We can also find COTI as an ERC-20 token on the Ethereum network. You can trade it on several crypto exchange platforms and use it in DeFi DApps.
- BNB Chain (formerly known as Binance Chain and Binance Smart Chain): These are COTI’s BEP-2 and BEP-20 versions.
- Token sale: Token sale refers to private and public sales with a locked-up period of 24 months. It attributes to thirty percent of the total token supply.
- Reserve: COTI kept 22% of the token’s total supply in reserve. This reserve contributes to the enhancement of the growth and stability of the network. Moreover, the COTI holders can purchase tokens that will be released from the reserve in the future.
- Team: For their early involvement and consistent efforts to maintain stability in the network, the COTI team members are also given tokens as incentives.
- Partners and Advisors: 10% of the total supply is given to the partners and advisers as a symbol of recognition of the resources that they contribute to the development of COTI projects
- Validators and users: To recognize the early participation of the network validators and users, 13% of the token supply is granted to them.
- Liquidity: 10% of the total token supply is set aside to provide liquidity to the thriving market of COTI.
How to Buy COTI
Open an online account
The first step to purchasing COTI is to open an account with the exchange or broker that supports COTI. You can choose platforms like Binance, Changelly, KucCoin, Gate.io, etc. The platforms would require certain details like your email address, and further identification proof based on your place of residence.
Buy a wallet (optional)
Despite this being an optional step, you might want to consider the options for storing your investments before you start investing in COTI. While software wallets offer convenience and are free of cost, hardware wallets top the list in terms of security. If you are not in for active trading, you must opt for a hardware wallet. This goes specifically for those who are in for larger, long-term-based crypto investments. As you can disconnect hardware wallets from the internet, these serve as more secure wallet systems.
Make your purchase.
Once you are done with the previous steps, you are all set to purchase COTI. You can influence the size of your position as per your risk tolerance level. However, remember that you must not allocate too much capital to any single altcoin.
What Is the Future of COTI Like
The Fintech industry is the top targeted market of COTI. Since several projects in this industry have failed to solve the cross-border and other payment-related issues that come from traditional and blockchain payment systems, this serves as a huge market need. COTI has the potential to have a great market share and offer efficient payment services. However, the platform is yet in its infancy, and to attain complete scalability, it requires widespread adoption by merchants, market makers, and mediators.
While COTI is emerging as one of the preferred cryptos, you can never be too sure about it being ‘good’. This is because the prices of mid-cap cryptos like COTI are quite inconsistent. So before you choose COTI, you must conduct thorough research and follow your investment strategy accordingly. .
COTI, or the Currency Of The Internet, is the world’s first enterprise-grade digital fintech platform. The three mainnets that COTI is based on include Ethereum, Trustchain, and BNC (Binance Chain). The COTI platform aims to solve the problem of cross-chain payments. It merges the concepts of traditional financial services with blockchain technology to remove the problems related to both platform types.
Yes, you can easily purchase COTI on several popular crypto-exchange platforms.
COTI aims to offer a decentralized platform that merges the traditional financial service systems with blockchain technology to oust the disadvantages of both platforms and bring in the good of both systems. It is optimized to support the creation of price stable coins. Merchants and businesses can use COTI to create their own branded stablecoins and possess complete control over their money and data. As for individuals, they can either trade COTI to achieve potential gains or opt for staking, which would give them annual percentage reward benefits.
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