A crypto currency is defined as: “a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank”
There is no direct comparison of Utokens to any form of crypto currency, it’s apples and oranges. It’s better to think of Utokens as a digital currency. It’s central, backed by banks, backed by assets, backed by a reserve. It’s currency with a definable value and standard. And the value keeps going UP!!!
The biggest issue faced by crypto currencies is that they can be created by anyone, anywhere, anytime with about 3 clicks. Currencies created out of thin air are volatile. The value cannot be concretely pronounced or tracked, it has to be made up and dictated by popularity, volume, and usage. The vendors who accept Bitcoin today, immediately exchange it for a fiat currency like the USD. Any guesses why that is?
Answer: Because the value is so unpredictable, the risk undertaken to a company to hold that currency as a cash asset is far too great. They trade it out for “real money” ASAP, so the exchanges are left holding the bag until they (maybe) sell the Bitcoins off. At the end of the day, when Bitcoins are worth $0.02 per unit again, that whole crypto market will implode. It is REALLY important that you grasp the differences between a DIGITAL currency and a CRYPTO currency!
Sorry for the tirade, but I am passionate about helping people understand the tiny details that make the Utoken such a great vehicle for the digital world. If you are interested in knowing more about UToken and would like to join this life changing opportunity, contact me and I will reply Soon !