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

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POE
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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

Blogs

Is Tether (USDT) really a stable coin?

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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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Blogs

TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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Bitcoin

Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?

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Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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