Connect with us

Blogs

ChatCoin (CHAT): Why HODLing Can Be Beneficial

Published

on

ChatCoin
READ LATER - DOWNLOAD THIS POST AS PDF

As several of the big guns are suffering from market volatility, new ICOs are getting tokenized every day with new features and advantages. Each of these new coins focuses on separate aspects and offers their own blockchain technology to ameliorate the existing state. For example, coins like All Sports Coin concentrate on the sports industry whereas cryptocurrencies like Tronix or TRX are disrupting the entertainment industry by making various entertainment contents more accessible to its users. ChatCoin is one similar cryptocurrency that is committed to improving the internet-based communication system that currently exists.

Nowadays, applications like WhatsApp, Facebook Messenger, etc. have become an inextricable part of quotidian human life. These mobile apps also offer their support to the e-commerce industry along with gaming websites and various other advertising agencies to promulgate their products and services. ChatCoin endeavors to offer a decentralized blockchain ecosystem supported by cryptocurrency CHAT and with a considerably improved set of features over the existing applications.

As we all know, the current cryptocurrency market is fiercely competitive with many new coins vying for the leading positions. Under the circumstances, new features and a considerable improvement over a largely popular application can grab the attention of many traders. Here, a few aspects of ChatCoin would be discussed to explain why holding on to this currency could be rewarding in future.

Internal Architecture and Distinct Features of ChatCoin:

ChatCoin is the default currency of an instant messenger dApp named BeeChat. BeeChat is an ingenious application that follows Qtum’s technology. This application eliminates the distinction between human interaction and professional transaction through its innovative light wallet extension.

Although some individuals have become conversant with the names of some highly popular currencies, a large portion of this cryptocurrency market is completely obscure to a large portion of people. Moreover, various technical jargons associated with different currencies have made these digital coins even more incomprehensible. ChatCoin’s own blockchain platform named OpenChat offers a system where cryptocurrencies can be used organically without knowing the exact meaning of different technical terms.

The Instant Messenger (IM) applications like Telegram, Facebook Messenger, etc. have worldwide popularity nowadays. Since its introduction in the market on January 19, 2018, ChatCoin has been putting its best foot forward to offer similar application to its traders with a convenient, user-friendly, and fast peer-to-peer transaction system.

ChatCoin Distribution and Availability:

During its ICO period, 40% of CHAT’s available coins which is 1 billion were distributed for trading and transaction purposes. Therefore, 400 million tokens are now available for trading. Despite the fact that the source of development of so many tokens is still slightly obfuscated, ChatCoin was listed two of the most reputed cryptocurrency exchanges – Binance and OKEx. CHAT traders can rely on both of these exchanges for trading or exchanging ChatCoins with other currencies.

Potential Customers of ChatCoin:

With mass digitization, the currency and blockchain ecosystem of ChatCoin can grab the attention of many online advertising or digital marketing agencies along with online gaming and entertainment companies as well. The peer-to-peer transaction system offered by this coin would create a hassle-free payment and transaction facility where no content would remain inaccessible to its user. Also, its decentralized system would compel companies across the world to trade and conduct their business with this currency from any part of the world.

ChatCoin would also eliminate the unnecessary cost of middlemen by effectively lowering the transaction cost. As a result, the denizens and business organizations of developing countries would also be able to use this currency without any obstruction.

Current State of ChatCoin:

From an overall perspective, ChatCoin’s current position on Coinmarketcap might seem a little bleak. It holds the 1336 position with a price equivalent to approximately $0.13 and a daily trading volume of nearly 7.4 million USD (as of 7th May 2018). In recent times, the coin’s price has shown a steady upward trend owing to its recent developments.

Final Thoughts:

Cryptocurrency market is a constantly changing place where new coins make considerable improvement overnight. As ChatCoin focuses on something that is quite certainly the future of the modern society, holding on to it can be rewarding for its traders. If it manages to compete with the big guns of Instant Messenger applications with its new, innovative, and affordable platform, its bleak days might be over fairly soon.

For the latest cryptocurrency news, join our Telegram!

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 and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite