Crypto asset is a term that generally refers to all the different cryptocurrencies. Ever since Bitcoin’s debut, there are now only 1644 different types of altcoins with different types of functions and utilities for each of them. These are normally used for trading, but they come with the added advantage that they can be used in other applications. There are three main types of tokens: equity, utility, and security. Utilities are almost viewed as coupons for startup services while security has some other intrinsic external value tied to it. Equity tokens are exactly what it sounds like, it is for companies to issue their shares of the company usually through Ethereum based smart contracts. A crypto asset exists in a digital form with its value being derived from the current supply and demand forces.
Cryptocurrency economy exists with the trading of coins. 2017 was a year of its mass adaptation. Brought about by the blockchain technology, traders can now transact directly and digitally. It felt as in there was new coins being developed daily in 2017.
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Cryptocurrencies are a digital commodity based on an open source protocol. The cryptocurrency industry is an open, international transaction system that contains a number of cryptocurrencies and digital assets, whose value may be tied to the value of an underlying asset such as gold, which are both volatile and risky.
Startup advisors are vital for entrepreneurs. They become our mentors, they use their experience to help you navigate the industry of focus, avoid mistakes made and connect you to the right people.
At Zeus Exchange we intend to use the power of blockchain to create a hybrid investment environment to trade financial assets and digital assets at a single place and at a low cost, while staying fully compliant with applicable legal and regulatory requirements in the countries of market entry. This requires a lot of knowledge and experience. And while our team has years and years in the industry, the learning process never stops.
There is a false sense of security for people who are new to cryptocurrency. However, anything that touches the internet is not safe. Cryptocurrency is not so different from actual money as you need to protect it from robbers or in this case, hackers. Any owner of cryptocurrency should take care of his/her cryptocurrency asset and store it at a vault otherwise known as hardware wallet.
On April 25, 2010, the first bitcoin was officially sold for 0.3 cents. Within eight years, bitcoin has risen in price by two million times, in 2017 the whole world watched another incredible increase in its price and in 2018 — a dramatic fall. At the same time, news flashed that someone had raised millions of dollars with the help of some ICO and some tokens. What are those?