CRYPTOCURRENCIES: NEW TECHNOLOGY, THE FUTURE OF MONEY & WHY YOU SHOULD INVEST IN THEM

  • Incredible ROI: Cryptocurrency can give a high return of investment (ROI) when you invest in quality projects with important use cases. For instance, Bitcoin has increased in price value from less than a dollar in price value in 2010 to $30,000+ at the time of writing (23/5/2021). However, while investing in cryptocurrencies could generate a high return of investment, it’s a volatile market. Hence, It is pertinent to do due diligence on the cryptocurrency projects before investing in them.
  • Low Barrier-to-Entry: Investing in the cryptocurrency market has a low barrier to entry compared to other kinds of investment like stock, bonds, and other complicated traditional investments. Cryptocurrencies are digital and decentralized. Therefore, its activities do not require the signing of certain documents or strenuous regulatory compliance.
  • Independence of funds: As a cryptocurrency investor, you’re in total control of your assets. All decisions as regards your funds are in your hand. Hence, one of the reasons for the growing worldwide adoption of cryptocurrencies. Also, you can transfer your funds or make payments to anybody in the world without restriction.
  • High Liquidity: Cryptocurrencies have high liquidity, that is, it is very easy to buy and sell your cryptocurrencies at market price, and the technological organization of exchanges that serve as trading platforms allows for a wide variety of tools and tactics.
  • Distributed Ledger Technology
  • Immutable Records
  • Smart Contracts
  1. Transparency: The first barrier to trust is transparency, once people see your business or your person as transparent, you have gained their trust. The technology behind blockchain is almost open-source. It makes duplication or alteration of data very difficult, people can easily see if there is any alteration somewhere. Although users and developers can modify it if they deem it fit to do so, this act will not be secretive as others can see what you have done.
  2. Reduced Transaction Cost: Since blockchain technology is decentralized and no systematic way or third party is needed before a transaction can take place, this reduced cost due to bureaucracy that might have been associated with the traditional way of doing things.
  3. Decentralization: The decentralization of Blockchain technology makes it a hot-cake for investment and business owners. The need to be afraid of regulation or rules from people in authority has been eliminated. Since individuals transacting on the network have their proof of validity and data cannot be compromised, it helps to reduce cyber fraud.
  4. User-Controlled Networks: Cryptocurrency enthusiasts seem to fall in love with the idea of the controlled aspect of blockchain technology. Rather than having a third party controlling the network, users and developers are the ones calling the shots.
  5. Faster Transaction Time: The transaction on blockchain technology is always faster compared to the traditional method that takes days to settle.

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A Defi Blockchain Company, using decentralized solutions to revolutionize finance in Africa.

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AFRIDEX Techlabs Ltd

AFRIDEX Techlabs Ltd

A Defi Blockchain Company, using decentralized solutions to revolutionize finance in Africa.

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