Ever since bitcoin’s inception in 2009, the price of a single unit of bitcoin as steadily increased, up until 2017, when the price exploded and caused mainstream investors and users all over the world to be plunged into a crypto frenzy. The industry has also given rise to several strange terms and phrases such as Buy Back, Smart Trading, Referral, Signal, Backed Loan, Proof of Stake, and Cryptocurrencies.
Despite the relative obscurity of the phrases, they’ve been readily gliding over the lips of regular individuals all over the world. Perhaps rightly so, as the price of bitcoin grew with an exponential 450% within the last three months. The sharp price increase and excitement of the industry have secured bitcoin’s place in the mainstream.
However, despite the cryptocurrency’s increasing popularity it still not easily available and accessible all over the world. In fact, many traders in certain regions are still very limited when it comes to bitcoin trading.
At the moment, the majority of cryptocurrency exchange platforms provide a service which charges users exorbitant trading fees in exchange for a slow system. In addition, most exchanges have demonstrated a single-minded approach when it comes to trading. They provide their customer only with trading options and seem oblivious to other financial solutions that they can provide to their customers to enhance their overall bitcoin experience.
Why choose Bitto
Bitto has been created with the goal to provide its users with a wide array of products and services that will bring much-needed relief to the increased obstacles faced by regular users. The products and services have been designed in such a way to be practical, functional, stable, and above all realistic.
This is especially true of Bitto’s core service, an online cryptocurrency lending platform. This platform has been created to offer its customers with a sense of security and transparency. The platform was designed to offer both borrowers and lenders with an optimum service that is both driven by market trends while being easily accessible and user-friendly.
To achieve this goal, the platform is endowed with excellent support services which can cater to any customer’s every need that is compliant with Bitto’s core values. Bitto has been created to be integrated into the customer’s every day with ease and a level of competency that is sure to impress.
The Bitto platform has integrated six separate core models into one user-friendly exchange. This system not only ensures conveniences but also allows their customers to generate revenue using several sources.
The platform’s own cryptocurrency, Bitto Coin, will be available in a limited supply of 30 million. Of the total coins, only 21 million will be allowed to be in circulation at any given time, while 3 million Bitto coins will be used to reward Bitto holders within a period of 24-months.
What is Bitto Coin?
Bitto Coin, has been created using the Ethereum Blockchain network and is based on the Ethereum coin, ERC20. The developing team chose the Ethereum network as it offers investors more cost efficient transaction fees as well as a more efficient network.
Bitto will utilize the PoS Reward system over that of the traditional Proof of Work (PoW) system in an attempt to be more environmentally conscious. In addition, the coin will serve as a digital asset to be used on the platform for collateral lending.
PoS-based cryptocurrencies have proven time and time again that they are much more efficient than their PoW counterparts. This is especially true when it comes to being cost-efficient, as PoS is less heavy on energy consumption than PoW.
The developers behind Bitto Coin chose this system in order to create a network that is more sustainable has the long-term possibility. This decision will also ensure that Bitto is based on a strong foundation that will later positively affect both Bitto Coin’s market supply and price.
The benefits of Bitto
What sets Bitto apart is the fact that the platform was created to think about its users need. The platform’s unique and comprehensive integration which offers its customers several tailored benefits including a support team that is dedicated to seeing you thrive, a PoS system committed to the environment, progressive organizational tools, as well as a borrowing/lending portal.
Because Bitto was designed with the investor in mind, they reward their investors with 30% of their circulating coin supply. Long-term Bitto holders can look forward to future Bitto coin rewards.
Bitto is primarily driven by the goal to shape and cultivate the brand new wilderness that the cryptocurrency landscape has to offer. To achieve this ambition, Bitto is dedicated to providing world-class service to customers from all over the world, while still ensuring that every individual user has access to precise trading and tailored services at their fingertips. This quality service is underpinned by a dedication to customer security. The support service at Bitto has implemented only the highest security measures to protect their customers and servers against malicious attacks.
To date, a large portion of ICOs has offered prospective investors unrealistic promises together with an unsustainable business plan and fraudulent promises. Bitto believes that honesty, transparency, and a realistic outlook is key to a good relationship with investors.
The team behind Bitto is dedicated to providing a secure lending platform that is driven by a realistic approach. This attitude will go far towards ensuring that the platform is accessible to a diverse customer base. In addition, Bitto wishes to ensure that all customers enjoy an optimum experience on their platform.
What Bitto offers
The Bitto platform has been created to be internationally orientated. On this platform, users will be able to:
- Trade any cryptocurrency from any location across the world with access to friendly 24/7 support that can aid you in any issue.
- Get tips and tricks from international profitable traders.
- Easily use the Bitto Coin on the platform while the developing team still creates a relationship with merchants all over the world.
- Use the Bitto token to access a wide variety of services on the platform such as loans, staking, or signal trading.
Depending on each investor’s contributing tier, they might be eligible for the Free Forever program where ICO investors can enjoy unlimited trading at no added cost. Members of lower tiers, however, will still enjoy several benefits such discounted trading fees. To activate these benefits, members simply have to use their Bitto tokens on the platform.
Bitto has created a unique lending system for its customers. Borrowers can use the platform to get a loan while keeping their own cryptocurrency. In all loans, up to 70% of the total loan value will be taken into account to provide for the event of extreme market volatility. This means that the customer’s cryptocurrencies remain secured in a signature wallet.
Lenders receive added benefits after reaching the Bitto hodlers tier. This is reached after the lender has staked on the Bitto platform for an uninterrupted period of 15 days. After becoming a Bitto hodler, lenders will be allowed to make loan contracts with borrowers at no additional cost. However, any external lender will be subject to paying a small fee before being allowed to operate on the platform. Once a lender has selected their country, they will be allowed to only operate from this area, in an attempt to limit instances of money laundering on the platform.
Future Development of Bitto
Bitto hopes to provide its services in both an online and offline capacity. The trend in the cryptocurrency industry is to operate purely online as it suits the medium of virtual currencies and is more convenient to access. However, Bitto believes that this eliminates a vital part of the customer relationship. This has inspired the company to established brick-and-mortar offices in locations all over the world which customers are encouraged to visit for a more personal Bitto experience.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Fabian Figueredo via Flickr
Top Bitcoin Predictions that are Coming True Right Now
2018 was not a good year for any cryptocurrency in terms of price, and especially not for Bitcoin. While there are many coins that lost a lot higher percentage of their price, no other coin lost as much in terms of value alone. After the market crashed in January 2018, Bitcoin lost over 80% of its value over time. While some coins lost more, over 90%, Bitcoin’s loss resulted in nearly $17,000 per coin.
However, while the last year was the worst in crypto history, a lot of investors, analysts, experts, and even crypto enthusiasts still held on to hope that bright times will return. This belief inspired numerous predictions, and while some were unrealistic, there is a number of others that were still in the realm of possibility.
Well, 2019 arrived, and while the start of the year still felt a tight bearish grip over the market, things appear to be taking a positive turn. So much so, in fact, that some of the positive predictions are starting to come true. Here are a few of them which can be observed right now.
Bitcoin’s price will grow again
After the market crashed in early 2018, many were still confident in the Bitcoin’s price, not even bothering to question whether or not the coin’s drop will stop at a decent price and start growing once more. However,…
When Might Bitcoin See Another Rally?
It appears that the time has come and that the crypto market is finally ready to shake off the bears, and start a new rally that will restore the coins’ prices. Bitcoin investors are particularly impatient right now, as the coin shows clear signs that it wants to grow, although one big resistance stands in its way.
At the time of writing, Bitcoin is struggling with overcoming the price of $4,000, constantly approaching it only to be brought back down. It did manage to break the resistance a few times now, although a correction followed nearly immediately, preventing the coin from breaking free, and confusing the investors who are wondering whether to buy, sell, or HODL.
Judging from its performance in the past, Bitcoin has the potential to reach at least $20,000, possibly more. Every time the coin hit the all-time high in the past, it was brought back down, only to rise even further during the next rally. If this happens again, its price may exceed $20,000, maybe even during 2019.
However, if we take a look at what is currently going on, some might say that this is unlikely, and for several reasons. One of them is the fact that the interest in Bitcoin has dropped, mainly because trading it is not making as much money as it used to. In addition, the investors’ attention…
What Caused So Many Investors to Turn to Bitcoin in 2017?
Bitcoin (BTC) has been growing increasingly popular in recent years, especially in the last two. About five weeks ago, the coin celebrated its 10th birthday, however, while it has been an entire decade of its existence, it was basically unknown to anyone who is not a particularly interested in new technologies. This all changed in 2017, when Bitcoin’s price skyrocketed from $1,000 to $20,000, making it the biggest trend of the year.
Suddenly, the entire world heard of its name, and cryptocurrencies finally got their place under the spotlight. Investors continued to arrive at the crypto space, cash was flowing, hundreds of new coins emerged, and more optimistic analysts predicted Bitcoin’s price going even higher, potentially reaching $50,000, $100,000, and more.
However, as we know today, it was not to last. 2018 was barely a few weeks in when the market crashed, the prices started dropping, and investors started selling. The profits were quickly lost for anyone who did not cash out in time, and these days, Bitcoin’s price sits at around $3,812. The crash reminded everyone that cryptocurrencies remain as volatile as ever and that they still pose a risk for investors. But, people already knew this, so why did they invest in the first place?
Bitcoin is alluring
The first thing…
Top Bitcoin Predictions that are Coming True Right Now
When Might Bitcoin See Another Rally?
How is the Crypto Market Changing?
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