- What Altcoin to Buy
Mooner App Pte Ltd
Just now·3 min read
Altcoins if you don’t already know this, are alternate digital currencies. Not just an alternative to Bitcoin but to all common digital currencies in the market.
Investing in a digital token can be a gruesome experience, even for someone who has a decent background in technology. Considering there are hundreds of various currencies in the market, the choice of putting your money into a digital currency can be a daunting task.
All securities investment, are regulated by the stock exchanges. Digital exchanges are “regulated” by their blockchain. All currencies have a certain function. These could be a form of payment or a verification and authentication function.
Smart contracts do one thing and one thing alone; they verify and keep a record. An indisputable record, verified by every node / block in a chain.
Having said that, there is no way for the record to be falsified. This essentially makes up for the record keeping of an institution. Be it a bank or any authentication body being paid large sums of money for doing so.
Just as you see in the securities market, shares move up and down. How a company performs is announced in their annual audit. This along with public information about a Company will drive the price of the stock up or down.
In the crypto space, unfortunately during the time of writing this, it is hugely speculative. As much as digital currencies announce their intentions on twitter and other social media platforms, it is not properly heard.
What gets heard unfortunately is, noise. Noise from celebrities trying to move the markets in ways that would best benefit them. A single tweet from a “big” name can increase or decrease the price of digital token. (Try doing that for a listed company) —There would be some serious repercussions.
Which is why, Mooner Token is set to pave the way for all to follow. A transparent company with open books is our goal. Annual p&l made public. Transactions on the Binance smart chain for all to see. We don’t see any reason to switch to our own blockchain.
Binance being one of the largest exchanges, using their chain, serves us well. What we aim to do is, concentrate on our mobile application to shake up the Gig Economy. Our primary goal is to ensure the utility of our token. Next is to make sure it is exhaustive. The company has various endeavors for the utility of the MNR token and the Mooner App, is the tip of its endeavors.
For any currency, when the usage is high, there would be demand. The total amount of bitcoin was recently halved. As this creates scarcity, the value is driven up.
To build our app using bitcoin would have been a great proposition, if not for the high costs of transactions. That is the reason we looked into erc20 first, then tron and finally decided on bep20.
If you wish to participate in our token allocation, please visit https://bitly.com/MNRCoin. We are in our second slot of our Token allocation event and tokens are priced at 30 cents each. Support our journey today!
- Date of publication:
- Tue, 02/23/2021 - 17:22
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