Most utility coins does not have any real value. Although they carry a price on the cryptocurrency market but in principle it is still a pure speculation, since the value is determined solely by supply and demand! And many coins and tokens do not have any application, so different questions come to mind whether these tokens make any sense at all!
How can I use it?
Are there any products in the background?
Are there any services offered?
So without any application and real value, these#will have no economic and long term success!
The current cryptocurrency space has witnessed a downside on market value of coins majorly due to the extreme volatility of these crypto tokens. Currently, the world need something that is usable and very easy to handle; cryptocurrencies need an effective use. A flexible and a genuinely usable crypto token will see more and more people adopt cryptocurrencies more regularly and the overall market capitalization would surge up and volatility would be history!
A new project aims to avail people of the challenges that they face while trying to utilise cryptocurrencies and also solve the problems of extreme market instability and volatility of major coins as means of transaction payment against the dollar. Bitcoin Air is cored around providing real utility for its tokens through transactional value. Bitcoin Air will provide a parallel value between the tokens and the dollar thereby eliminating the volatility of the cryptocurrency.
A Fork Out Of The Block
Unlike most existing utility tokens, the concept of Bitcoin Air (XAP) is not based on an idea of creating or developing a brand new technology and then implement it in the real economy - the Bitcoin Air benefits equally from the advantages of Bitcoin blockchain and Smart Contracts combined with same existing technologies and the resources of Real economy in order to create a secure and above all fundamental and long-term values. The resulting goodwill is distributed over the XAP tokens. This will definitely lead to a sustainable corporate result and a long term value for the XAP token.
To facilitate a practical utility of the XAP token, Bitcoin Air provide a flexible, easy-to-use system. The goal of the Bitcoin Air project is to disrupt the existing models and to facilitate the most effective form of transactions in the fastest possible time.
The creation of a blockchain project depends largely on external conditions such as infrastructure, existing framework, currency stability, fiscal laws and the local network. Bitcoin Air has chosen to utilise existing technologies like segregated witness; Atomic Swap; And Lightening Network in order to maintain the structural strength of the bitcoin technology but will incorporate it's own Air Protocol to aid the easy off-chaining and on-chaining of the tokens against the dollar and to facilitate super fast transactions processing time.
The XAPtokens are built to scale the market easily, and among other things, tokens will be distributed to the original holders of PeerCoin when the fork will happen. Additionally, the team will give free tokens to all community members who participate in the bounty programme before the snapshot day.