Have you heard of Noke Coin XNK? This is a new cryptocurrency which has appeared on the market and we’ll review it today on our blog. Is Noke Coin the right choice for you? Read the review and find out.
What is Noke Coin XNK?
Noke Coin is the name of a new lending cryptocurrency. Lending cryptocurrency is the name given to a cryptocurrency which you can lend to receive a return on investment for your investment. They can be used to buy goods, but people will mostly use them for lending.
The company believes that it has the potential to help in the blockchain revolution and to create sustainable wealth. The company has created a cryptocurrency based on the Ethereum blockchain, the second most important cryptocurrency in the world today, which is only second to Bitcoin.
How Does Noke Coin Work?
Noke Coin is a decentralized cryptocurrency which works in a hybrid way: it is both proof-of-work and proof-of-stake. It uses the Ethereum blockchain technology and smart contracts which are stored on the blockchain. The records of the transactions are public and stored on the blockchain, but your identity is never linked to the Noke Coin that you spend buying goods online.
You will be able to store Noke Coins in any Ethereum wallet and send them whenever you have internet access. The total supply of NOKE tokens is 27,000,000 tokens. The company has low fees (0.0015 tokens per transaction) and it promises to raise the price of the token to $180 USD per token until the end of 2018, which can make it profitable to hold Noke Coins.
One of the most prominent features of Noke Coin is the company’s lending program. Basically, you lend an amount of Noke Coins to the company and you will be paid back after a certain time. The daily interest of these tokens is more than 50% per day. You will generally receive your money back in a period that may vary from 200 to 100 days.
How to Invest in Noke Coin XNK?
If you want to invest in Noke Coin, the best way to do it is by buying its NOKE tokens. Unfortunately, the Initial Coin Offering (ICO) of Noke Coin has already ended, so you have lost your chance to invest in this company payment less per token if you have not invested in this company until this moment.
What you can do right now is to acquire Noke Coin by buying it or exchanging it in cryptocurrency exchanges. You can also buy it directly with the company and pay using Bitcoin.
The Noke Coin XNK Verdict
Is Noke Coin the investment that you have been waiting for? Maybe, but probably not. The company does present a cryptocurrency which has some interesting features like the lending system and a plan to raise its price until the end of the year, but there are also negative points that you should consider.
On the other hand, there is not much information about the company or the curriculum of the creators of this token and it looks somewhat bland, so this can make Noke Coin a less desirable option for you even if you are interested in what this cryptocurrency is offering to investors like you. Also, the ICO is already over, so you can’t pay less for the tokens.
It is up to you to decide whether Noke Coin deserves a chance to be in your cryptocurrency portfolio. We have presented the positive and negative points about buying Noke Coin, so weight them and decide if this cryptocurrency is a good choice for you or not.