With the cryptocurrency market booming, you can always find excellent investments and we can help you with that. Today we are going to review Qonexa, a new cryptocurrency which has gotten our attention in the market.
What is Qonexa?
Qonexa is a new cryptocurrency which has appeared in the market. Presenting itself as the “future of the digital world of currencies”, the objective of the company is to create a cryptocurrency which any person in the world, independently of their status or their class, can use. This cryptocurrency was developed by the Orogota finance and charity group.
From this objective of helping people around the world, erupted a new cryptocurrency (which is actually pretty standard, one could easily see Qonexa and be able to see only a new cryptocurrency in an already overcrowded market). The main difference is that a part of the money raised by Qonexa will be given to charity instead of to the pocket of the company owners.
How Does Qonexa Work?
Qonexa is actually pretty unremarkable when you stop to analyze everything that it can offers. As any other cryptocurrency, its biggest selling point is the decentralization. By utilizing a peer-to-peer system, Qonexa has less centralization and third party control, which makes its users more free from regulation than they would be if they were using fiat currency instead.
Also, the company has created a defense system to protect itself against hacking, as the wallets that support Qonexa have extra layers of security created so that the information contained in the wallets cannot be tampered with.
Qonexa will also feature some other cryptocurrency qualities like a limited supply (22.1 Million tokens) and fast transactions, which will be faster than fiat currency and even older cryptocurrencies like Bitcoin.
In short, Qonexa will offer basically what every other cryptocurrency in the market does. Will it be more efficient than Bitcoin? Probably, but that does not mean much as Bitcoin is the oldest currency in the market and its value rests in its popularity and its market, not necessarily on being the most technologically advanced currency (which is certainly not). Qonexa does not have the Bitcoin popularity.
How to Invest in Qonexa QNX?
The best way to invest in Qonexa is by buying its tokens in the Initial Coin Offering (ICO). The ICO will have 3 phases. In the first phase, which will end on February 5, you can buy tokens paying $0.15 USD for each one of them. In the second phase, which will begin as soon as the first one is over and it will last until February 18, you will be able to pay $0.50 USD per token.
Finally, in the third and last phase, which will last until the end of February, you will be able to pay $1 USD per token. You can also obtain 10% bonus if you refer people to the company.
After the ICO, you will be able to acquire tokens by mining them, staking or lending. With staking, you will get a bonus of 1% daily interest for holding tokens for more than 10 days. If you want to mine, you can do it and be rewarded for that and in the lending process, you can lend money directly to the company and receive a daily interest of 0.1-0.5% by doing that.
The Qonexa QNX Verdict
Is Qonexa a great investment for you? Not really. The biggest weak point of this cryptocurrency is that it is not original at all. The features of Qonexa are very basic and nothing indicates that it will be worth more than a dozen of cryptocurrencies which are already in the market right now.
Because of this, you can invest in Qonexa if you want, but you have to know that it might not be the best idea in the world to do so. We are not saying that you should not invest in Qonexa, but we are also not saying that you should do it. In the end, it is up to you. Good luck.