How to identify the next big thing in Cryptomarket? What makes a cryptocurrency strong?
I'm talking about the real strength of a coin, not a pump and dump scheme or a Copycat-Masternode-Shitcoin.
In fact, it’s the increasing use in real life that de facto includes an increase in its value (supply and demand law). But for a coin to be used, it must have a purpose and meets a need. One of the utilities of CriptoReal, in addition to the classical advantages of cryptocurrencies, lies precisely in the role it can play as a parallel currency within the Brazilian economy. (And later in Latin America).
Indeed, according to Bernard Lietaer[1]
“Money is an agreement, usually unconscious, made by a community, to be used as a way of exchange. Dollar as the global currency was something that came at the end of 1945, after World War II. However, when a contract does not work, it is necessary to make the distract. If society begins to question the efficiency of the current financial model, we must consider creating other ways of exchange among the community that avoid collapses. Complementary currencies are a possibility, functioning in parallel with those already in circulation, such as the dollar, which could never be totally eliminated.”
Considering the problems faced by Brazil, there is no doubt that a parallel currency is needed. Indeed, this great country is facing a real financial exclusion of its poorest population as well as corruption and interference, to not say control, of politician over the financial system.
As a result, a large part of the population is completely excluded economically. Unfortunately, many studies have already shown that financial inclusion is the only effective way to achieve sustainable development and economic vitality. The strength of CriptoReal is to be at the heart of these problems and able to understand the needs of the Brazilian population.
Even their Proof of Work system (algo: Lyra2z) has been chosen to find the best compromise between efficiency and power consumption to allow Brazilian miners to participate in securing the network (electricity prices in Brazil are high).
And finally, the development team set up an official Shared Master Node service. A Masternode requires 50'000 CRS but a seat in a official shared Master Node can be obtained with only 1000 CRS. Here too, the aim is to provide small investors the possibility to be part of Criptoreal project! (And I’ll don’t speak here about the strengths force in the universe, according to Albert Einstein, that the Shared Masternode service allows: compound interests)
I could also talk about the Dev's seriousness, their motivation and long-term vision as well as their participation as a diamond sponsor at Bitconf 2018 [2], their future collaboration with a sports betting company or the ability to stick to the roadmap…. No, I will conclude with a point that I find very interesting: Two private seed investors, coming from the retail commerce, invested in the project at the beginning because they saw there a solution to their problems. Each received 375'000 CRS (funds blocked for a period of 36 months) and this gives real credibility to the project and demonstrates that it meets a need and thus ensures a real utility for this cryptocurrency and a bright future to us, investors.
And they already started a big bounty campaign…
More infos here: https://criptoreal.org
[1] Bernard Lietaer : https://fr.wikipedia.org/wiki/Bernard_Lietaer
[2] Bitconf 2018 : http://www.bitconf.com.br/2018SP/