For those who have followed my blog for awhile, you will know that I am bullish on investing in crypto exchanges. As an ( amateur ) crypto investor, I think that investing in coins minted by crypto exchanges is a "solid invest".
Think about it.
Cryptocurrencies are yet to gain mass adoption and when they finally do, where will the hoards get their crypto? From coin exchanges and universal wallets.
To me, investing in these types of crypto projects is a no brainer as they are the first blockchain-related service that will draw customers to their door. Lots of customers. Hence affecting the price of the token. So I'm rather surprised that the top youtubers don't mention them. I guess they are just not "cool".
Today, I'm reviewing another crypto exchange that's currently in ICO. It's called #Bitxoxo.
Bitxoxo is an interesting project as they are already trading. Based in India, Bitxoxo is growing at a rapid pace and has gone from 10k users in Q4 of 2016... to 100k users in Q3 of 2017. Which is a pretty rapid expansion. Which makes it considerably less of a risk to invest in than 99% of other ICO's that have no viable working product.
According to the Bitxoxo website, they have a trading volume of $10M ( USD? ) per day and 100,000 active users. The user base is the first metric you should pay attention to if you are thinking of investing. Bitxoxo already has customers on their exchange trading! So to be able to invest in an ICO that has a growing user base is a big plus. And rare.
Another point of interest is the extra services that Bitxoxo offers. They go beyond the usual crypto exchange offerings and offer things like a physical Bitcoin gift card which is innovative.
Additionally, Bitxoxo has an incubator program for new startups which is an interesting feature that will make them attractive to new ICO's over the big exchanges like Binance that offer no such service.
Looking at the ICO and token supply, there are just 20M tokens, which is 1 million less than bitcoin. Given the low supply, the price should do well for investors.
Metrics
Twitter - 11.1k followers
Facebook - 31.6k likes
YouTube - 4.7k subscribers
Leave a comment below if you have invested in any crypto exchanges.
Thanks for watching,
Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia
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DISCLAIMER: This article is written by an amateur investor and is offered purely for information purposes. This is not financial advice and you should always seek the advice of a finance professional.