This blog will take you through each nuanced digital asset's clear-cut definitions and capabilities. Let's get started.
Many companies have issued their currencies. These are often called tokens and can be traded specifically for the good or service that the company provides. GreatX® tokens are one of the examples.
This structure gained popularity and preference because there was no need to go to a central party, like a bank or a broker, to transfer digital assets. This makes transactions quicker and easier.
Bitcoin
The world's first cryptocurrency is also the largest in market share(>40%)and valuation. The currency is also accepted as legal tender across multiple nations.
Ether
Ether is the prevalent cryptocurrency in Ethereum - the world's largest blockchain network.
Cardano
Launched in 2017, the ADA token named after French mathematician Ada Lovelace has exceeded a market cap of $71 billion.
Dogecoin (DOGE)
It launched in 2013 and now has a market cap of over $33 billion.
Monero
It presents itself as a secure, private, and untraceable currency. Launched in April 2014, this is an open-source cryptocurrency, and its creation was donation-based and community-driven.
GreatX® tokens, an offering by GreatOne, is enabling the tokenization of real estate investment. It converts the value of real estate into a token stored on a blockchain, allowing digital ownership and transfer.
They are the first digital tokens focused on savings as an institutional-grade investment opportunity. Outside of stablecoins, existing tokens come without any protection or government assistance and are known to be volatile. But GreatX® tokens are backed by the U.S. Treasury Bond, making them more secure and reducing investment risks significantly. GreatX® enables global investors to own a hotel room of their choice in the U.S. while having the peace of mind that their capital amount is 100% protected.
This commentary is provided as general information only and is in no way intended as investment advice, investment research, a research report or a recommendation. Any decision to invest or take any other action with respect to the securities discussed in this commentary may involve risks not discussed herein and such decisions should not be based solely on the information contained in this document.
Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed herein are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. GreatX® disclaims any obligation to update or revise any statements or views expressed herein.
In considering any performance information included in this commentary, it should be noted that past performance is not a guarantee of future results and there can be no assurance that future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which information, although believed to be accurate, has not been independently verified. GreatX®and/or certain of its affiliates and/or clients hold and may, in the future, hold a financial interest in securities that are the same as or substantially similar to the securities discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and GreatX®and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities. This commentary has not been reviewed or approved by any regulatory authority and has been prepared without regard to the individual financial circumstances or objectives of persons who may receive it. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.