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IOTA (MIOTA) Gets Backed Up by Peaq Innovative Exchange Platform

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As the crypto market is slowly recovering from the latest harsh market dip, IOTA is not at all lading, having its price slowly rising up as this currency is being recovered. Besides from a pretty successful start of the week on the market, IOTA is implementing some changes and novelties in form of “an advanced” exchange platform names Peaq. Apparently, as of now, Peaq will be operating within IOTA’s blockchain platform that way promoting easy tokenization and simple and fast decentralized exchange market. How can this affect IOTA and what expects this currency in the weeks to come?

What do we know about Peaq?

Peaq is maybe best compared to the ERC-20 protocol found on Ethereum. In case you didn’t know this protocol actually enables people to upload and create their own digital assets and put them immediately to use. That is how Peaq could be for IOTA what ERC-20 represents to Ethereum.

Peaq is said to be an advanced combination of three different protocols, combining Distributed Ledger Technology in the newest form available with Directed Acyclic Graph and IOTA’s Tangle Network. This way Peaq represents a truly decentralized exchange platform with the ability of easy and simple tokenization.

Thanks to IOTA’s Tangle technology, Peaq is able to process and confirm transactions without the interference of miners and with zero fees applicable during transactions. Peaq, just like IOTA, also has ultimate scalability and quantum proof protocol.

Offline transactions are also enabled, which is a pretty neat addition to the already existing functionality of available features with near instant confirmations for all payments and transactions.

Thanks to the Distributed Ledger Technology all users can enjoy the perks of using different applications such as Supply Chain, Digital Identity, Distributed Cloud Storage, Notary, Internet of Things, Smart Contracts and more.

With Peaq, all companies and institutions that partnered up with IOTA can now enjoy all Peaq has to offer as well while enjoying the perks of IOTA and its currency at the same time. That means that with Peaq all companies would be able to create and immediately put to use their own token with a suitable symbol and all the features a certain company would need from a digital asset while having the ability to take advantage of IOTA’s Tangle.

While IOTA is supporting this ledger, Peaq is supporting a new age economy by up-scaling the economy with using blockchain-based ecosystem. In this story, Peaq can’t be just another ICO.

IOTA and Partnerships

It is already widely known that BOSCH has invested in IOTA by partnering up with this blockchain network. BOSCH has already found an applicable way of using blockchain technology, suggesting that Mileage Authenticity Certification would suit perfectly for the auto industry.

We know that BOSCH became an Angel Investor for IOTA as their representatives have purchased a vast amount of MIOTA, which is IOTA’s most important currency.

The partnerships that are sealed are mostly revolving around using the Internet of Things as one of IOTA’s most promising projects. It was expected that all companies and institutions that have partnered up with IOTA will be using MIOTA as well as their main coin of choice within IOTA’s network, but since Peaq is here, there might be some changes.

As Peaq is in the big picture now, all companies and institutions can now easily design and release their own tokens and coins with Peaq and put them to immediate use by easily offering their coins through Peaq with their own price and conditions previously set.

The beauty of blockchain technology when it comes to the way it affects economy lies in the fact that we can actually double our money with digital assets.

That being said, when you purchase a 50$ worth of MIOTA, you get the amount of MIOTA tokens equal to the amount you’ve spent on your digital assets based on its price per one unit. When you pay those 50 bucks, the person you bought your MIOTA from gets his 50$ and you get 50$ worth of IOTA that you can use and spend. That means that the 50$ you have spent just turned into a 100$ that are completely spendable altogether.

How is IOTA doing at the current Moment?

Monday started in the spirit of bouncing off and recovering from the latest market dip, so IOTA joined the team of coins that were set to rise from the depression of the falling crypto market. That means that IOTA was doing pretty well on Monday and Tuesday, dealing in the green on this occasion. However, IOTA’s price started to drop once again on Wednesday, while this digital currency is still dealing in the red on Thursday, March 23rd.

After the most recent change in its price, IOTA has dropped by -8.76% against the dollar and -2.39% against BTC, trading in the red since Wednesday when it fell by a bit over -7%.

MIOTA can now be purchased for 1.26$, which is still a better deal for IOTA than the price it had during the worst day of the market dip.

It is not certain whether IOTA will enter the green zone of dealing in the following weeks, but for now, you can buy MIOTA under a fairly low price in oppose of what this currency is worth when observed from the point of technological improvements and the addition of Peaq.

We will be updating our subscribers as soon as we know more. For the latest on IOTA, sign up below!

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 Bob Villalobos via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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