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Po.et (POE): Should You Give It a Try?

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POE

Po.et or otherwise known as POE token is one of those coins that can be categorized as “small” but still holding on. Surviving in the sea of over thousand different digital tokens can’t be that easy, but some coins are managing to go through this and survive. PO.et is one of such coins, but what we are interested in is whether this token is going to stick around or completely crash. Let’s see what POE is all about and whether you should give it a try.

What is Po.et and is it Worthy of Your Attention?

In case you have never heard of Po.et, and you have no clue about what the main idea behind it is, you could probably guess that this token has something to do with writing. If this were your guess, then you would be without any doubt right.

POE is a blockchain based token with decentralized protocols. This token was made and designed with the idea to help content creators with monetizing their original content that they have already published or are planning on publishing. Po.et was not only launched with the idea to help writers around the globe earn some money in the form of POE tokens for their content. This token was also designed to enable ownership over that same content. This is the case because writers often have problems with having their intellectual property stolen as reserving rights for your writing can often be very pricey.

This is in no way case with Po.et. POE can also be used for performing micro-transactions within the decentralized network of blockchains, where all holders and users are entitled of performing fast and cheap transactions with POE tokens without any third parties involved – the same as with other tokens.

With POE tokens you can register any title or content under your profile y7ou can easily make and monetize your rights over the content you have made. All content creators can get POE tokens in exchange for having other members sharing and reading their content. At the same time, everyone in the network, given that the blockchains are completely safe and encrypted, will know whose content they are sharing.

The system also makes it easier for the writers to get published without any third parties involved, offering full transparency of ownership over content and building a bridge between the publishers and creators.

Is Po.et any good for Investors?

Po.et is a very well developed token with few features that are doing a great job for publishing, licensing, selling and creating content that can be monetized and sold. But, what if you are not interested in the content or not a content creator or publisher at all? Would Po.et be any good in that case?

Well, given the fact that a lot of coins either grow at fats pace or can drop low thanks to the news and presumptions across the internet, this coin seems to be safe thanks to the background of the team behind it.

Apparently, some of the people on the team behind Po.et are Anthony Di Lorio from Ethereum and David Bailey from BTC Inc. If nothing, this case should at least give you faith that this coin is set to succeed as these people wouldn’t want to risk the reputation they have in the world of digital money for the sake of pushing a coin doomed to failure.

Another reason that makes you think that POE tokens are still worth it is the fact that Po.et was made to be extremely functional in the terms of making transactions and for the sake of publishing content. Po.et is also made to be flexible, so although the coin is currently focused on preventing written content from being stolen and keeping content creators from being discredited, this blockchain system still has room for adding more versatile content to the table.

That is how it is potentially possible that other media content will also be enabled within POE token’s blockchain – this token could easily lower the percentage of digital media piracy and help content creators everywhere to label and license their own content with full protection.

Where is Po.et at Now?

If you are considering buying some POE tokens, the time has probably never been better. We know that POE tokens are working very well and more than well, so investing in POE tokens is considered to be safe. As far as the price and ranking concerned, Po.et is now currently worth 0.057$ per one unit, which is still far from a price of one dollar per one coin.

This is, of course, good news for anyone who wants to invest and has faith in this coin, because there is a huge possibility that you can never get this token at this price again.

This price is actually the result of the latest benevolent change in the market where POE token grew over 5% over a short period of time. The token also traded 0.45% high against the BTC, although it traded lower for -2.74% against ETH.

In case POE tokens would continue to grow at this pace, in the course of several months, this token currently ranked at 127th place could easily become more interesting for investors all around the globe – content creators or not.

We will be updating our subscribers as soon as we know more. For the latest updates on POE, 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.

Image courtesy of coinmarketcap.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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