Cryptocurrency came into existence in 2009 and it revolutionised our world completely. It changed our modes of transactions. It has though gained popularity recently. Many people still are quite unsure to transact in digital currency due to some of the issues pertaining to it.
As we know that cryptocurrency is highly volatile. This year is a complete proof of its volatile nature. We all have seen how the price rose really high in the beginning but decreased in the third month. The price is never stable. In such a case it is reckoning to find out the exact time for investment.
Due to their limited acceptance in the traditional economy, buyers have no option to disperse their risk. In such a situation, every investor becomes the sole bearer of the risk which not everyone is ready to be!
Money has 3 major functions!
- Store of value
- Medium of exchange
- A unit of account.
Cryptocurrency to be accepted as a currency worldwide should be able to fulfil each of these functions.
But currently, it is only used as a medium of exchange. It is yet to be used as store of value and a unit of account.
This means that at present there are limited options to escape the volatility of its value.
At present there is only one way out! To reconvert it into FIAT currency.
AWAX brings a solution for you!
AWAX is offering a simple way to hedge against the volatile crypto-portfolios with low asset categories.
It enables the direct purchase of real world assets with ETH and other digital currencies. At AWAX, it is believed that assets and other derivatives rely too much on trust in the world of cryptocurrency. AWAX deals with physical share, commodities and currencies. It has no role in betting on derivatives.
AWAX brings out an easy solution for you!
Read our whitepaper for more information!
It is currently in its Pre-ICO stage!
Hurry up! BUY your tokens now to avail heavy discounts!