- What is cryptocurrency ?
Cryptocurrency is a new form of digital currency that can be traded and used for exchange of goods and services. They are cryptographic products which has control mechanism and does not rely on third party for processing. Crypto coins are decentralized and do not have any physical form as it mostly exists on the internet.
Cryptocurrencies are a type of digital currency that uses encryption to ensure security, primarily through the use of blockchain technology. Cryptocurrencies can be bought and sold in much the same way as conventional currencies. The main difference is that their value is based on their demand, rather than by the supply of their circulation (like conventional currencies). They are stored in a digital wallet on your phone, computer or online. Cryptocurrencies can be transferred across borders instantly, without any need for an intermediary like a bank or payment processor. This means you can send money anywhere in the world cheaply and quickly – no bank exchange rate fees or commissions apply.
- Value of cryptocurrencies
The value of cryptocurrencies depends on a number of factors, including supply and demand, but most importantly the willingness to accept it as payment for goods and services. There are several ways that ICO tokens may be issued. The first is through an IPO. In this model, investors buy shares in a company that has not yet been formed. Once the company is formed, their tokens will be available for purchase on an exchange or through an OTC broker.
ICOs (initial coin offerings) are a way for projects to raise funding in cryptocurrency that bypasses Venture Capitalists or Banks. A project will release a certain amount of tokens to the public and sell them at a fixed price. Once the ICO is complete and the project has succeeded, the token value will most likely increase as more people purchase it.
The value of a cryptocurrency depends on its utility. The more useful the currency, the more valuable it becomes. For example, if Bitcoin gets accepted by mainstream retailers then this means that people are willing to accept bitcoin in exchange for goods or services which will make the currency worth more than it is today.
MegaMoon uses $USDT as an ecosystem. $USDT is a stable coin based on $USD, so the prize value of MegaMoon is low volatility.
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