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Investing in Crypto: Things to Do in a Crypto Winter

Investing in Crypto: Things to Do in a Crypto Winter

June Katz 13 min read
The first crypto winter was registered in 2014-2015 and lasted 427 days. At that time, the bitcoin exchange rate decreased by 87%, which negatively affected altcoin quotes. The situation was repeated in 2017-2018, when the growth of the bitcoin exchange rate, which began in the fall, was replaced by a sharp decline — from 20 thousand dollars per coin to 8 thousand, or even less. For several months now, experts have been speculating about the possible onset of crypto winter. New assumptions appeared almost every week, and the deadlines were constantly pushed back. It looks like it happened after all. However, the market is cyclical — a period of growth is always followed by a fall and vice versa. Any downturn creates enrichment opportunities, so in this article, we will look at the topic of investing in cryptocurrency. I will point out that we are not giving financial advice — we’re just collecting information about the main investment strategies, the main market participants, and patterns that may be useful. Crypto Investment Strategies There are different approaches to making money on investments in digital assets. We offer you to get acquainted with the three most popular strategies. Hodl Hodl is a popular term in the crypto community, which network users employ to denote the purchase of cryptocurrency for its long–term retention. Working under this scheme implies earning on the growth of the asset rate for a long time. For example, investors who purchased 1 bitcoin 6 years ago, as of the time of writing, were able to increase their investments by 17547%. Scalping The term scalping usually means income from short-term changes in the exchange rate of an asset. Most often, the influence of news on the digital asset market is used to make money using the scheme. Here's how it can work: An investor saw that a couple of minutes ago, Tesla published a report stating that the organization invested a large amount in bitcoin. It can be assumed that the news will positively affect the behavior of the cryptocurrency exchange rate. To make money on the market reaction, the investor buys bitcoin. At the moment when the cryptocurrency exchange rate starts to rise, the investor gets the opportunity to sell the asset at a higher price. The difference in the cost of buying and selling will become his profit. Also, for scalping, you can use technical analysis of the behavior of the asset rate according to the schedule. Averaging The essence of the strategy is to purchase an asset for an extended time on a certain day of the week/month (or with other frequency), regardless of the current position of the cryptocurrency. Market participants who choose this strategy believe that this approach allows them to earn money by averaging risks. Staking This term refers to the intentional retention of assets in the account, to organize a source of passive income. In the staking market, you can find offers with high profitability. One of them is available on the ROY Club platform. Within the walls of the site, up to 40% of new coins can be generated monthly on the UMI cryptocurrency staking. At the same time, you can start earning in a few minutes after registering in the system. All the steps that you need to go through to start earning are accompanied by detailed instructions. If necessary, the user will be able to get advice on working in a dialog box on the site. How to Increase the Efficiency of Investments in Cryptocurrency Many investors have their secrets to improving the efficiency of investments in cryptocurrency. Among them, there are several universal tips. Here are some of them: Investments should be diversified. A distributed portfolio of assets reduces the likelihood of losing all investments due to a sudden drop in the exchange rate of one cryptocurrency. There is no need to buy digital assets with the last money. The market can be unpredictable. It is worth investing only what you can afford to lose. Investments need to be planned. It is worth determining in advance how much you are willing to invest in cryptocurrency. Also, experienced market participants are advised to keep records and record all their operations in the market, so that, if necessary, they have information at hand to analyze the effectiveness of solutions. There are different investment strategies for users who want to make money on the movement of the cryptocurrency exchange rate. For those who are not in a hurry, the hodl scheme is suitable. Users who are ready for increased risk for the sake of instant earnings should pay attention to scalping. Those who want to combine the high profitability of different strategies with the security of investments may be interested in staking. Ways to Analyze Digital Assets Technical Analysis Technical analysis is based on historical market data because history develops in a circle and repeats itself. It includes an overview of past pricing trends. Technical analysis aims to identify recurring patterns and make calculated forecasts for the growth or decline of trends. The main assumption here is that prices are not random and they can be foreseen if you look into the past. Although technical analysis performed correctly can be quite useful and effective, it does not always work. In most cases, the success of technical analytics depends on the person conducting the research. That's why some people prefer fundamental analysis of crypto. Fundamental Analysis Fundamental analysis aims to cover a somewhat broader picture compared to technical analysis. It takes into account both qualitative and quantitative factors that can affect the value to understand whether an asset is overvalued or undervalued compared to its current market price. Since there are no public financial statements that can be verified on the cryptocurrency market, it is more difficult to do this type of analysis, especially for beginners. It is necessary to take into account the volume of transactions, user activity, the unique functions of the cryptocurrency, and even some global economic events that can significantly affect the cryptocurrency market. It is better for a beginner to learn how to use both methods. Understanding cryptocurrency fundamentals will help you make smarter decisions, plan your strategy both in the short and long term, and ultimately become a better investor. Choosing the Best Crypto to Invest In Polygon ( MATIC ) This is a level 2 cryptocurrency for Ethereum decentralized application platforms. Polygon is a promising blockchain ecosystem designed to develop infrastructure and help scale the Ethereum network. The Matic Network and the Polygon token also offered a second-level solution — transferring transactions directly on the Ethereum network to another coin platform. This allowed the Matic network to reach a speed of 7,200 transactions per second (TPS). For comparison, the throughput of Ethereum does not exceed 15 transactions per second. In 2021, the network was rebranded — it became known as Polygon. But in addition to the new name, it also has new functions. Now it is a platform for creating interconnected blockchain networks. In other words, with the help of Polygon, everyone can write their blockchain for any purpose. In the future, Polygon will become the basis of web3 networks. Loopring (LRC) A promising cryptocurrency of the decentralized exchange of the same name. To make DEX more scalable and reduce the commission, ZK accumulative packages are used. Loopring gives DEX the ability to choose between storing transactions on-chain or off-chain at any given time. This on-chain data availability (OCDA) combined with ring miners and order rings provides greater scalability of DEX. Loopring offline storage provides 16,400 transactions per second (TPS). Chainlink (LINK) It is the digital currency of the decentralized Oracle programming network. The goal of Chainlink is to solve the problem of securely connecting smart contracts to real events. Smart contracts are code fragments that embody a given business logic (for example, when to pay interest on loans). Ripple ( XRP ) This promising cryptocurrency project from San Francisco has become a truly global crypto intermediary (bridge currency) used in cross-border settlements. We are talking about multibillion-dollar transactions mainly between financial institutions, corporations, banks, and payment systems of all countries of the world ("payment corridors"). The second advantage of XRP is the phenomenal speed of financial transactions conducted in the Ripple ecosystem. It is more than 10 thousand operations per second (in particular, in Ripple Net the hash rate is at least 50,000 TPS). Cardano (ADA) It is a fully decentralized platform operating on the principle of open source. The distinctive features of Cardano are complete anonymity, the absence of restrictions, and other complicating circumstances such as KYC . It was created in 2017 and became one of the first ecosystems operating on the PoS (Proof-of-stake - "proof of ownership") network protocol. It is actively used in the architectonics of smart contracts and Dapps. The recommended investment horizon is from one year. Stellar (XLM) This is a promising cryptocurrency that is used in various systems — from gaming platforms to online stores. It was created in 2014. The main feature is the unification of various ecosystems and blockchains. Stellar is a universal medium of exchange with minimal fees for financial transactions. The cooperation of the platform with IBM and MoneyGram International. Criteria for Selecting Promising Blockchain Projects In 2009, Bitcoin was the only cryptocurrency on the market. Today, the number of digital tokens has exceeded 1000. In such an assortment, it is easy to get lost even for experienced investors, not to mention beginners. When choosing the optimal cryptocurrency for long-term investment or earning on exchange rate fluctuations, we were guided by the following criteria: The fame of the project and its reputation; Capitalization size; The number of exchanges on which the selected cryptocurrency is traded; The number of coins in circulation; The volatility of the exchange rate and the dynamics of quotations; Technical data of the network; Social activity. Cryptocurrencies that are actively discussed on forums and in chat rooms have more prospects for growth. Conclusions It is quite possible to be friends with the risks that the volatility of digital assets carries. By carefully monitoring and analyzing all small price movements, experienced traders have learned to extract income from them by buying and selling coins at the right moment. Such a flair comes with practice, but at the same time, it is backed up by knowledge — studying trading tools, helps not only not to go into negative territory, but also to make a profit. Is crypto a good investment? The cryptocurrency market is volatile and unpredictable, and many experts do not recommend it for long-term investment. But bitcoin has been around for more than 10 years — and this is much longer than the same experts predicted. And although we are seeing periodic ups and downs, in the long term, the crypto market is still expected to grow consistently.
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What Is a DAO And How Does It Work?

What Is a DAO And How Does It Work?

Ruth Kise 10 min read
Until recently, the concept of blockchain was only known in the context of cryptocurrencies, but today this technology is actively used in business. What's more, the new acronym DAO is entering the mainstream. So the "untraditional" business model appears along with JSC and attracts the attention of business enthusiasts more and more. DAO Definition and Key Features DAO (decentralized autonomous organization) is a company that is based on blockchain technology, managed using smart contacts. It does not have owners in the traditional sense, as well as controlling and governing bodies like the board of directors. In other words, decentralized autonomous organizations lack a hierarchical structure, and all participants in the ecosystem have the same rights and can vote for changes in the protocol on an equal basis with other participants. strong >Main features of DAO: In contrast to JSC, the «command and control» structure in formal union of groups of people is not applicable in this case. There are no executive boards and the company is managed by the community by voting on any relevant matter relating to the activities of the organization; Instead of traditional hiring, a person receives a smart contract based on the project. After that, the members of the community discuss the offer and vote. After its adoption, the work of the executive begins directly; Quitting is also becoming a consensual issue. So, if a person does not cope with the tasks set for him, token owners who voted to hire him can withdraw their votes, leaving the employee "overboard." Thus, possible conflicts are excluded in the DAO due to lobbying for the interests of certain persons; Agility and flexibility to innovate. This is due to the fact that companies are organized not around people, but around values​ and smart contracts . In a peer-to-peer system, much faster. In a "flat" organization, the community can rally faster and "fund" the best and most promising idea. As noted above, decisions are made by vote; Absence of meetings and colleagues in the traditional sense. DAO organizational policy Note that DAO is also characterized by the presence of internal company policies, but it has a number of differences. In classic business, in particular, management determines the actions of the entire organization. In the case of DAO, the value is the main factor on which all efforts will be focused. Therefore, every community member, who decides the future of the compound protocol, is motivated to bring the maximum benefit without looking back at the leader’s wishes. Since the DAO model does not involve a centralized hierarchy, it relies on alternative approaches, such as token-based memberships. Typically, such governance tokens can be freely purchased and filed on decentralized exchanges , or earned by providing liquidity or computing power for mining or staking. In any case, by holding governance tokens, you become a kind of shareholder and gain access to voting, which determines the organization's development strategy. Managing the DAO: What Are Governance Tokens? Governance token — a token that allows its owner to take part in the management of an organization. Thanks to governance tokens, users can propose, discuss and make changes to the project, and they do not need to rely on the project team or require its participation. "DAO is an organization that can operate on its own, using code, without anyone's responsibility for decision-making," explains blockchain enthusiast Travis Miller. "Imagine a corporation without a CEO." In addition, participants can use tokens to delegate voting rights to other users and monitor the distribution of funds allocated to support the project. DAO in Crypto: Examples The first thing you should note is that the meaning of the DAO economy is to attract users to actively manage and develop the ecosystem of a particular platform. As a rule, users who participate in voting can receive a reward. Thanks to Ethereum , the built on smart contracts infrastructure of DAO has appeared in the crypto industry. There are few examples of DAO including Maker, Compound, Forth ( Ampleforth ). DAO Maker DAO Maker — is a decentralized platform based on Ethereum. It was the first who made it possible to create DAI stablecoins , and various other cryptocurrency assets are accepted as collateral. One of the main features of the DAO Maker platform is that the DAI stablecoin is always equal to US $ 1 per 1 DAI unit.  Since this is DAO on the platform uses governance tokens — MKR, a million of which were distributed between the first users of the platform. In the DAO Maker ecosystem, MKR tokens are used as the "fuel" of the entire system, just as gas is used in Ethereum. As soon as the commission is paid, the received MKR tokens are destroyed (burned). New MKR tokens are released as needed, so the system is constantly in a certain balance. Compound Another of the largest credit protocols in the DeFi. In addition to interest on issued loans secured by cryptocurrency, it charges creditors COMP tokens to motivate the community to issue more crypto loans. COMP tokens allow their owners to make decisions about changes to the Compound protocol. When the user enters tokens into the Compound pool, in return he receives cTokens. These cTokens represent the depositor's share of the pool and can be used at any time to redeem the underlying cryptocurrency originally deposited in the pool. For example, when deposited in an ETH pool, in return you will receive a cETH. Over time, the exchange rate of cTokens of the underlying asset increases, which means that you can exchange them for a larger amount of the underlying asset than you originally invested - this is how the interest distribution occurs. Ampleforth This is an Ethereum-based cryptocurrency with an algorithmically regulated number of tokens in the circulating offering. It is intended for use as the base currency of the new decentralized economy and is an asset that is not subject to demand inflation and remains independent of the price movement of other cryptocurrencies, in particular bitcoin (BTC). Besides AMPL the platform has governance tokens FORTH. Ampleforth has a 6-step protocol change process. When the proposal successfully passes the first five stages, the FORTH holders vote for the proposed change. If a majority is reached during voting, then the change is automatically made to the protocol. DAO Pros and Cons Pros: There is no hierarchical ladder, so a separate group or control center cannot make decisions that ignore the interests of the rest of the participants. Decentralized management system. With this approach, the actual power passes into the hands of only those persons who are really interested in this and are ready to develop the project. All rules, requirements and conditions for working with the DAO platform are known in advance and can only be changed with the approval of most owners of control tokens. As a result, only really useful offers "pass." All transaction records are publicly available, eliminating asset fraud. Cons: Slow response to threats. If something atypical happens, you need to vote among all governance token holders to solve the problem. At the same time, the decision must first be prepared by someone, which also requires certain costs. As a result, the reaction is very slow, which threatens potential problems. The development also requires a vote. Moreover, you need not only to offer a further way of development, but also to find an executor who will be ready to do the work. It slows down the development of the DAO platform. Despite the high potential of blockchain in managing systems, it hides many risks associated with protocol security. And history knows the hard chapter with the first DAO case in 2016, when the platform was hacked . But it connected with the organization of decentralized and open platforms. Anyway DAO attracts a lot of enthusiasts from different business areas, and has been already realized in such spheres as art, culture, gaming, automatizing and so on.
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What Are Stablecoins - And How You Could Use Them

What Are Stablecoins - And How You Could Use Them

June Katz 5 min read
The cryptocurrency market is growing rapidly. The turnover on the exchanges is trillions of dollars. The value of individual digital assets exceeds the value of large companies. Investor interest is increasing. However, the risks remain. One tool for reducing risks is the so-called stablecoins. Their main strength is the same as that of recognized fiat currencies, - relative stability. It is possible to make predictable calculations using them. The most popular stablecoins are: USD Tether (USDT) Binance BUSD (BUSD) True USD (TUSD) Paxos Standard (PAX) USD Coin (USDC) Now there are several types of stablecoins, the most common of which group them by the type of the underlying asset, i.e. the asset to which the cryptocurrency is linked: to fiat money, for example, USDT (Tether, pegged to the dollar) and bitCNY (to the yuan); to goods traded on the stock exchange, for example, precious metals and gas or it could be even crypto-backed stablecoins. What are stablecoins used for? Stablecoins are most often used to fix profits, and to preserve the balance from drawdowns during jumps in the value of the main trading cryptocurrency. Large investors sometimes transfer their profits "overnight" to a stablecoin to continue trading without losses in the morning. In addition to the protective function, this type of digital currency is used for: Everyday transactions Optimized recurrent payments and transfers from card to card Cheap international transfers, for example, for foreign workers Guarding against hyperinflation of the local currency Increasing the speed and quality of cryptocurrency exchanges to reduce dependence on bitcoin . On some exchanges, it is already faster and cheaper to trade through a stablecoin. And it takes time and additional checks to enter fiat money into the system. Also, this type of digital asset allows you to diversify risks: while the price of bitcoin is changing a lot, you can store funds practically in euros or dollars. The presence of stablecoins ensures the trust and acceptance of cryptocurrencies in general. Institutional investors use stablecoins, increasing the turnover of the industry as a whole, and increasing profitability for smaller investors. Plus, the more trust in cryptocurrencies, the easier it is to use them in the real world when buying goods /services. So, which stablecoin will suit you the most depends primarily on your goals. Often people who need to transfer money from one state to another in a quick transit (in a day or two), use Tether (USDT) because it has the best liquidity. The main thing here is not to keep large amounts of money in it for a longer time. For the longer-term storage of a backup crypto cushion for a rainy day, it might be a good choice to collect a diversified portfolio from USDC, BUSD, and DAI . Terra USD (UST) is not a reliable stablecoin for storage. It makes sense to go to it only if you are going to make money on staking. Challenges and risks of stablecoins Despite all the advantages, stablecoins have several risks to be reckoned with. Firstly, not all of them are stable enough, despite the name – new projects appear, but do not always survive. It is reasonable to use well-established stablecoins and gradually diversify into others. Secondly, by linking to other assets, they receive the following risks - the collapse of guaranteeing currency (if linked to it) and legal restrictions: linking to fiat currencies increases not only trust but also the number of requirements for mandatory execution. For example, Facebook decided to launch its cryptocurrency, which is based on different fiat currencies – and got mired in bureaucratic problems. Thirdly, the owner of the stablecoin in most cases is one company with centralized management. In such cases maintaining trust and stability requires constant monitoring, audits, and inspections , as concentrating power in the hands of just a few people makes it easy to abuse . Even the popular Tether at some point (according to rumors) began to offer a larger volume of cryptocurrency than there were real assets. An investigation by the US Department of Justice has begun. To sum up , stablecoins allow payments to be made quickly and at a low cost, which requires effective financial, organizational, and technical conditions. However, in the absence of a proper regulatory system, various risks may appear, which may cause undesirable consequences.
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The State of Play-to-Earn Crypto Games in 2022: Metaverse NFT’s

The State of Play-to-Earn Crypto Games in 2022: Metaverse NFT’s

Ruth Kise 5 min read
The concept of the virtual world is hardly new. Online and offline games with their infinite worlds are its dramatic confirmation. However, the metaverse is bursting in popularity today. Why? Blockchain mainstreaming and... cryptocurrency! The idea of ​a virtual world existence cannot be without the presence of virtual currency in it. Because, as in reality, any participant wants to have value, identity, and so on. This means, there is the popularity of the NFTs. NFT – non-fungible tokens, they can represent ownership of practically anything, video, art, sports, virtual real estate, and even gaming. They cannot be exchanged from one to the other. Hence, each is unique and accrues value independently. By the way, Mark Zuckerberg took up metaverse realization and renamed Facebook to Meta . The company is working on merging digital and physical worlds within a single platform, an ecosystem of blockchain, and has already created VR glasses, for example, for a virtual meeting with friends or colleagues. Your avatar, which will be present there, can be created and owned as NFT. While we are at an early stage in the generalized metaverse development, local virtual worlds are gaining traction — crypto games. They are a blockchain, decentralized, open-source platform with smart contract functionality, whose task is to transform the gaming experience of users by giving players true ownership of their in-game items through the use of NFT. Their gamers can claim, buy, sell, and trade all assets as NFTs and, thereby – earn.  There are different options on which blockchain crypto game is the best, but judging by their rates in 2021 and 2022, there are 3 at the moment. Let's overview these top ones: All are based on the Ethereum blockchain and are partnering with Polygon (fitting Ethereum second-level blockchain) to solve issues around scalability, speed, and transaction costs. All have similar opportunities and exciting worlds that you can create. And if you're going to dive in, you should get any Ethereum compatible wallet to store all your crypto. Still, there are some gaps between these three. Decentraland   • Runs on PC and Mac. There is no mobile version yet, but it’s in progress. • Crypto: MANA ($2.15), LAND. • You can convert your MANA assets from the Ethereum blockchain to Polygon’s Matic Network. • Plenty of games to enjoy. Some need you to pay according to the creator’s design, but lots are free of charge. • The navigation is as usable as it could be. Just move your avatar around a terrain of adjoining games to see your experiences. Sandbox • Runs on PC and Mac, Android and iOS. OS support coming soon. • Crypto: SAND ($2.81). • SAND can be staked on Polygon. • All games are user-created, and anyone can make them for free. Also, you can create assets as NFTs and sell them to other users. If you want to build metaverse experiences, you need to buy the limited LAND resource.   • Both free and paid games where you can earn SAND and use it to enter paid experiences. GALA Games • Runs on PC and Mac. The mobile version isn’t even planned. • Crypto: GALA ($0.2021). • Main position — "Fun first". There are 5 simple to play games in various stages of development, and no need for Blockchain pro to enjoy them. • Free-to-play games with play-to-earn mechanics allow you to unlock real rewards and start making money. Looking at the market cap growth of cryptocurrency of these play-to-earn games is hard to imagine something that could bring down an investment interest in the crypto-economic sector.  Taking on the psychological human desire to escape from external reality, to have fun, and find a better world, where you are a creator, not a ponce, it is difficult to refuse the opportunity to be in a metaverse. And if in addition to creating and entertaining, you can earn money – it is a win-win long-lasting ecosystem.
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How the Crypto Cards Make Lives Easier (With a List of Them)

How the Crypto Cards Make Lives Easier (With a List of Them)

June Katz 1 min read
Spending crypto can be hard in the real life. Thankfully, we're starting to see new products pop up solving that - crypto cards. Today, cryptocurrency users can order and use debit or credit cards to quickly convert crypto assets into fiat currency and buy goods and services online, at points of sale, or to withdraw money from ATMs. Why Use the Crypto Cards But why complicate everything so much and why not just use your regular bank card? The fact is that crypto cards give their users some new features and bonuses. The use of crypto cards can protect you from nasty exchange rates when you're traveling; Some products also offer a virtual card instead of a physical one, making them ideal for online purchases; There's no credit check, so your credit score is not a factor when qualifying for a prepaid debit card; The fewer number of intermediaries, which simplifies and reduces the cost of transactions. Market Offers from Some of the Crypto Market Players  The number of crypto cards presented on the market is constantly increasing. The most popular crypto cards today include: Crypto.com Visa card - 100+ crypto and 20+ fiat currencies. Free to CRO holders. KYC verification is required. Binance Visa card - best card for cashback Coinbase card - no maintenance fees, 4% reward for use in the crypto Gemini credit card - 1-3% crypto rewards which deposit immediately Coinbase credit card - very high safety standards and no maintenance fees Given the fact that PayPal is entering the field of cryptocurrencies, and people’s interest in cryptocurrencies is constantly growing, these products can become much more widespread very soon. Hopefully, this short introduction to the topic will help some of you use your funds more wisely - including those you got through SwapSpace.
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What Is Telcoin and How to Buy It?

What Is Telcoin and How to Buy It?

June Katz 6 min read
What Is Telcoin?  Telcoin (TEL) is an ERC-20 token developed by Telcoin Pte. Ltd., a Singapore-based telecom-focused team of developers. The project aims to integrate blockchain technology with worldwide mobile networks: Telcoin has a goal of bringing instant international money transfers to all mobile phone users. The company initially released the TEL token itself and the Telcoin Wallet app. Nowadays, the Telcoin platform includes TEL token, Telcoin app, TELx Network which provides liquidity for the Telcoin users, and a settlement layer — an Ethereum sidechain called Rivendell.  The Telcoin app can be downloaded off of the App Store or through Google Play. The app allows users to transfer TEL to third parties without paying the commission fees normally associated with global money transfers. The Telcoin app allows the user to secure, store, and trade digital assets and send and receive fiat remittances in 16 countries. How Does Telcoin Work? Since Telcoin’s launch in 2017, the project has garnered a lot of attention for its ambitious plan to merge the telecom industry with blockchain technology. Telcoin is all about making money transfers easier and smarter — both in peer-to-peer transactions to individuals’ phone numbers and while interacting with e-commerce stores.Telcoin is working closely with major mobile networks in areas of the world where getting access to traditional financial institutions is a hassle. This partnership benefits disadvantaged populations by providing access to previously unavailable financial services with the only requirement for participation being a working smartphone with a phone plan.The project utilizes an API that helps promote network interaction and cooperation. Operators and networks can integrate with Telcoin via this API; this, in turn, qualifies them to receive constant TEL issuance. Networks that receive more traffic and have a higher integration maturity will earn more TEL as a reward.In addition to the company’s official wallet, Telcoin can be integrated with existing mobile wallets. Payments transferred through partnered mobile wallets are free with the only fees being the ones from converting TEL into other cryptocurrencies and converting those cryptos into fiat. Free in-app operations with conversion supported by local telecom companies will undoubtedly help both consumers and business owners looking for ways to cut down on extra costs.The project’s end goal is to facilitate the overall unbanking of the world by providing an alternative to traditional money transfer platforms via cheap remittance, payments, credit, and other perks that can be achieved through blockchain technology. Telcoin Benefits and Drawbacks Pros:  strong >Worldwide accessibility. Telcoin partners with many mobile operators and all the major electronic wallets as an ERC20 token, which allows the project to reach an unprecedentedly large community of users. Cost-effectiveness. As per the most recent research, global remittance fees average at around 7%, while Telcoin is targeting an average cost of less than 2% of every transaction, and only 0.5% commissions for a remittance. Experienced team of developers. The staff behind Telcoin boasts an experience of over 10 years in both blockchain and telecommunication. Cons: Might be unprofitable as an investment. As of June 2022, TEL ranks 181 in the list of cryptocurrencies. Its price has usually been lingering below $0.035, except for a brief spike during the insanely bullish crypto market in mid-2021. Not backed. Telcoin is not backed by any physical commodity or fiat currency. Telcoin Future During a crypto winter, such as the one that’s going on now, in mid-2022, the future can seem kind of bleak across the market. TEL is not the exception, with the Telcoin price falling to ~$0.0014 in June. However, its rate of loss of value has stabilized in 2022: on average, 30-day price change doesn’t exceed this of such giants as Bitcoin and Ethereum . Besides, the platform is being actively developed, which promises great future: for example, one of the latest Telcoin news is a new TELx liquidity mining policy, which attracts users to the platform.  How and Where to Buy Telcoin? As of today, TEL tokens can only be bought in exchange for other cryptos. If you want to buy it for cash, you’ll need to buy BTC or ETH first.  Coinbase – the most prominent place to buy Telcoin Latoken – a reliable exchange to get some TEL tokens KuCoin – one more well-established crypto exchange to buy Telcoin Uniswap – DEX providing Telcoin buying options Balancer – buy Telcoin on DEX If you prefer to buy Telcoin for crypto, we would recommend going for instant exchanges. Here’s how you can get your hands on some TEL tokens: Go online to find an exchange or a crypto exchange aggregator – these allow users to analyze the real-time costs of crypto on multiple exchanges at the same time in order to find the best bargain possible. SwapSpace works best: these list TEL against most other crypto coins. Compare exchange rates and swap any crypto in your inventory for TEL. The Telcoin whitepaper also proposes that soon consumers will also have the option of buying TEL directly from their mobile operators by using their account credit or wallet holding. How to Store Telcoin? TEL is an ERC-20 token and can be stored on any wallet that supports the protocol. The best Telcoin wallets include: The official Telcoin App . MyEtherWallet , available as a browser extension or as a downloadable app. MetaMask , an in-browser wallet. Ledger , a highly-trusted hardware wallet. Trezor , another secure physical wallet perfect for storing ERC-20 tokens . Conclusion The international remittance market dominated by large players like Western Union has been long due for a revolution. The integration of mobile technologies and blockchain could very well provide a solution to the drawbacks these big players experience, including slow transaction rates and uncomfortably-high fees. The need for cheap and fast global transactions will only increase over time. Telcoin’s attempt at pioneering an untapped market has the potential to yield outstanding results. On the other hand, the project’s entire business model is highly dependent on the cooperation of major phone operators’ willingness to integrate Telcoin’s technology into their own. Most analysts view TEL as a high-risk high-reward investment with the potential to either blow up in the market or entirely fizzle out over time.
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