BITTWENTY: Smart Cryptocurrency Index Fund Investment?
The cryptocurrency market will be the most interesting subject of 2018. If during 2017 this market has already stole the attention of the media and of the world, the situation will get even more intense during 2018. A lot of opportunities are appearing and many of them are excellent. You just cannot ignore them, can you?
If you want to be sure that you will make the best investments, you have to be well informed and know everything about the blockchain and cryptocurrency market. Luckily, our blog can be an excellent reference when you need to inform yourself about cryptocurrencies.
We review many companies so our readers can be well informed when they need to make decisions. Today we are going to review a new company called Bittwenty.
What Is BITTWENTY?
Bittwenty, also known as Bit20, is a cryptocurrency that you can use to buy for services of goods online. The price of the BTWTY tokens is determined by an index fund. What is an index fund? This index fund is managed by the company and the price of the BTWTY tokens are primarily affected by it.
Unfortunately, the cryptocurrency business is notorious because of its high percentage of scams. The anonymity of the companies opens a margin for scams and foul play. Don’t worry, though, because we have no reasons to believe that Bit20 is a scam. In fact, Bittwenty uses blockchain technology, which makes it a considerably more secure investment.
How Does BITTWENTY Index Fund Investment Work?
It works just like any other type of cryptocurrency. You can use to buy goods and services. The company is pretty secure and it charges a very small fee for the service unlike Bitcoin, which charges high fees because of its blockchain structure.
Part of the money charged in the transactions is used by the company to improve the system and enable the system to get better for its users. The company hopes that the market will get bigger with time and that the value of this cryptocurrency will go up as there is going to be deflation of the currency because more tokens are going to be mined in the future, but there is a hard cap.
As with any other cryptocurrency, you can get your money back whenever you want. All that you have to do is to go in a cryptocurrency exchange and sell your tokens back in the market if you want to get rid of them and get your money back.
How To Invest In BITTWENTY?
To invest in this company, you will have to buy its BTWTY tokens. As the coin already exists, you will not have the option to participate in an Initial Coin Offering (ICO). You will have to find a digital wallet and get your tokens from a cryptocurrency exchange in order to invest in this company.
You can open your account in BitShares, a decentralized cryptocurrency, if you want to buy tokens from this company. You can buy the tokens using fiat currency (EUR) or cryptocurrencies like Bitcoin.
The BITTWENTY Verdict
Is this a good investment for you? Maybe. Bit20 does not necessarily seem like a bad company but at the same time it is not a great investment either. There are certainly better choices for you if you want to invest in cryptocurrencies.
There are certainly positive and negative points about this company, so you will have to measure how much you are interested in this company and the good and bad points about it before you make the purchase of its tokens in the cryptocurrency market.
In the end, it is up to you to decide if investing in this company can be a worthy investment, but we have to warn you that there are certainly better options out there that might make you get a bigger return on investment.
If you want to know more about great investments, you can always browse our blog to know the best investment that you can make right now.