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Introduction to IOTA Token
IOTA is an extremely original project both in terms of ideas and implementation. And what pleases most about this project is the developers. They make every effort to develop the project. Among a large number of blockchain projects that “flooded the entire planet”, closer to the top ten, is the IOTA Coin cryptocurrency, whose work is based on another technology –Tangle. Today, we decided to make out for you the prospects of this project, and look into the “future” of the Internet of things.
Where does it come?
The goal of the project is a developed infrastructure where various devices will conduct transactions between each other, paying for services, access or resources. We are talking about “smart cities”, in which there are “smart homes”, “smart appliances” and “smart gadgets.” All this should interact with each other, making our life more efficient and comfortable. Moreover, it is assumed that transactions between devices should be carried out in real time, in free competition and without commissions. The project started at the end of 2015 when developers managed to collect 1337 BTC as part of the ICO. Then 2,779,530,283 tokens were issued, and since then there have been no additional issues. In general, the project developers do not plan to carry them out.
IOTA scalability
IOTA is a grandiose project that should revolutionize the “Internet of Things”, allowing all devices connected to the network to perform microtransactions without a commission. This communication protocol works smoothly, and it is obvious that IOTA has a bright future. Since the project is only at the beginning of its journey, you can still successfully invest in this cryptocurrency, the rate of which has not yet reached its peak.
Is it worth investing?
Among the partners of the IOTA project you can find such major representatives of the world of science and business as the Imperial College of London, the Norwegian Ministry of Health, Deutsche Telekom, Bosch, Microsoft, PricewaterhouseCoopers, Accenture, Fujitsu, and a number of famous universities around the world. Therefore, it is not surprising that the value of the coin is increasing day by day. At the moment, one IOTA token costs $ 4.02, and the total capitalization is $ 11,174,045,281, providing IOTA fourth place in the ranking of the 100 most successful cryptocurrencies.
How to buy IOTA
IOTA can be purchased for Bitcoins, dollars, and broadcasts on Bitfinex, as well as on Binance, IOTA Exchange and Bit520. Anyone wishing to withdraw IOTA coins from the exchange can use the services of a paper wallet since this is the simplest solution for the long-term storage of cryptocurrencies. Technically savvy users can install a desktop wallet. We advise you not to use mobile and web wallets, as they are still under development.
IOTA wallets
Despite the fact that the project is developing technically quite rapidly, in terms of user convenience, it is a little behind. Although it is difficult to blame him, he was created for very different purposes. Many buyers have IOTA accounts on stock exchanges since at the moment there are no user-friendly wallets. But it is not very safe.
Review recap
If you are interested in this project, then you can read the instructions for its purchase in this article, and the instructions for using the wallet for IOT are here. You can follow us on social networks facebook, google + and twitter. That’s all, thanks for staying with us.
Bitwala Review
The company was formed in 2014 in Berlin. It is one of the pioneers, if not the first, in the Bitcoin debit card space. Bitwala caters to 200 countries with over 57,000 users and counting, worldwide. One of the biggest competitive advantage Bitwala enjoys is that it supports over 20 fiat currencies whereas most of its competitors only support a few. Being a prepaid card, it allows its customers to convert their cryptocurrency in real cash instantly upon withdrawal. The Bitcoin debit card is available for both business and personal use, making it a popular debit card among most professionals.
However, the card isn’t available for the general public at the moment due to their partnership ending with Visa. As per the officials, the debit card will soon be re-launched and available for use in 2019.
Advantages
The Bitwala Bitcoin debit card offers a number of perks to its customers. Some of these are summarized below:
- Supports 20 fiat currencies and 40+ cryptocurrencies, making it one of the most flexible debit cards in the cryptocurrency space.
- Offered in over 200 countries.
- Features a user-friendly and straightforward interface on the website.
- Compared to its competition, it offers flexible rates price-wise.
- Offers a business card form of the Bitwala Debit card.
- Has great customer service which receives praise from customers.
- Availability of the debit card regardless of whether the user wishes to verify their identity or not.
- Transparency in their fee structures, providing users with reassurance.
Disadvantages
- The company has a third-party exchange, potentially incurring additional costs.
- The Bitwala Bitcoin debit card isn’t available for use right now due to its ceasing of partnerships with Visa.
Bitwala Bitcoin debit card Charges
- The issuance fee of the Bitwala Bitcoin debit card is $2.
- There is a $1/month service fee.
- There is a $0.5 top-up fee every time the user loads the debit card.
- There is a 3% fee on international transactions.
- Domestic ATM withdrawals cost $2.50 whereas if you withdraw cash internationally, you have to pay $3.50.
- Bitwala’s Bitcoin debit card foreign exchange charge is 3%.
Summary
- Physical card: Yes
- Virtual card: Yes
- Card type: Visa
- Mobile app: Yes
- Supported cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC) and 40+ others
- Supported fiat currencies: USD, GBP, JPY, EUR, MYR, BRL, VND, AUD, MNX, and 20+ other currencies
- Anonymous: No
Final Word
Bitwala Bitcoin debit card is a flexible debit card when it comes to cryptocurrencies. Offering its services to 200 countries allows it to enjoy a competitive edge. Whilst most other debit cards only offer Bitcoin as the primary cryptocurrency, Bitwala supports LTC and ETH as well. Professionals with an assorted cryptocurrency portfolio invest in the Bitwala debit card as it offers support for over 40 altcoins.
Once its contract with Visa is reestablished, the debit card will be available for use. For now, there are only 4 active debit cards in the cryptocurrency market and the Bitwala isn’t one of them.
Should You Launch An ICO?
Starting your own business venture can be quite stressful, most especially when it comes to raising the capital for it. Most people usually opt to borrow money from financial institutions like banks, while some would save for years for their capital. Some would even secure a loan or two from their families and close friends. If you’re one of these people, have you ever thought of trying an Initial Coin Offering (ICO) to fund your start-up business?
If you haven’t decided yet, here are some things that you need to know about ICOs.
Is an ICO right for you?
It is said that ICOs can mostly benefit ventures that are related to blockchain-based companies. However, other industries like health care, financial services and government are now exploring ways of using blockchain in their processes. It is important, though, that your business can readily incorporate cryptocurrency or digital tokens.
Traditional Route VS ICO
As mentioned above, there are several ways on how you can fund your startup
business. You can go for the traditional route or fund your business through
ICO. In the traditional business route, most people usually secure funding from
venture capitalists or banks.
Others prefer borrowing money from their close friends and family members, while others choose to enter into a partnership agreement with them.
Another option is crowdfunding your business. There are crowdfunding platforms that you can apply to. You just have to make sure that your business proposal is ready.
However, some also consider launching their own ICO. Many people believe that ICO startups are easier to fund. Many companies are into block-chain service. As a result, this demand makes it easier for many startup businesses to secure funding. Regardless of what services and products your company offers, an ICO is still applicable.
ICO startup funding
If you plan to fund your business through ICO, here is how to do it.
First, you need a reliable website and a white paper. The website should be appealing to the public. Apart from that, your white paper should be clear and complete with all the important details of your project.
Your white paper should also cover the ICO laws in your country. Make sure that you do your own research on this matter before creating your own digital coins
Then, create a digital coin and put a specific value to it. The value and the coin should be explained well in your white paper. You can create your own digital coins thru Etherium.
Why Launch One
ICOs are known to be a popular, efficient, and fast method of funding many
blockchain startups. There have been 1132 ICO startups that were able to
produce more than $7 billion dollars a year. An ICO is indeed a good way of funding a startup, but it can
also be a risky one. It needs a lot of research as well as marketing and
development. It is very important that you know what you are starting and how
it usually works.
Launching your own ICO is actually a viable option in funding your business venture. So, launch your own ICO now.
What are Stellar Lumens?
This review will be devoted to Stellar Lumens (XLM) – in this article, we will talk about what Stellar is, what features are typical for this project and its Lumens cryptocurrency (with XML designation).
Stellar (XLM) is a fully decentralized compliance platform. It is designed to support any type of currency. It has a built-in decentralized exchange, which can be used to trade any currency or assets.
Decentralization Stellar
The principle of operation of the decentralized Stellar network is the parallel operation of the peer nodes of the system in the allocation of capacity resources among all network servers that are not tied to the original source. This eliminates the dependence of the platform on any object and also eliminates the intervention of third parties in the system. Autonomous operation of each stellar node allows you to eliminate malfunctions, even if one of them fails.
Ledger
Like the traditional book, Stellar stores a list of all balances and transactions that belong to each individual account on the network. A full copy of the Stellar global journal is posted on each server running the Stellar software. Any object can run the Stellar server.
Token Disadvantages
If we talk about the shortcomings of Stellar Lumens, here we can note the need to pay a commission for carrying out operations within the system, but the cost of the transaction is more than available and amounts to 0.00001 XLM token.
Also, not all users may like the mandatory minimum balance required on an account that is 20 Lumens. However, this cannot be considered a disadvantage, since this condition frees the Stellar network from a large number of spam accounts that do not bring any benefit to the project and users. To be able to work with anchors, you will need 35 lumens in your account.
Stellar Lumens Wallet
First, you need to create a wallet for storing the Stellar Lumens coins that you are going to buy.
Now there are 10 different wallets, of which 7 are browser-based, some have a mobile version for a smartphone. You can download the Stellar Lumens wallet or click on the link to the browser version on the official website.
Conclusion
It is worth noting that this project is based precisely on the algorithm of consensus, which eliminates the delay in conducting transactions. The emphasis on this we do so that you can understand the relevance of the development of the creators of the platform.
The application of this solution also provides prospects for Stellar Lumens in the future: although the XLM tokens may not reach the front line, they have every chance to find their use as a backstage currency, that is, an intermediate crypt to provide the necessary exchange, namely to increase liquidity between various currencies.
Further other currencies will be added. The most interesting point is that both private and public blockchains will be used simultaneously, and Stellar will act as a link between different fiat currencies. This platform was supported by large companies and banks in the industry. This news caused the rapid growth of the STR (XLM) rate to the level of $ 0.12, that is, 3 times literally in one day.