Which Cryptocurrency will survive longterm?


With an emerging digital currency market developing in front of investors looking to hedge against the high volatility of the foreign exchange market, the need to examine the “economic fundamentals” of current choices is vital to picking stable, long term winners. One new cryptocurrency option, PAX Coin, may have the formula necessary to become Bitcoin 2.0.

Investopedia states: “The fundamentals include the qualitative and quantitative information that contributes to the economic well-being and the subsequent financial valuation of a company, security or currency. Analysts and investors analyze these fundamentals to develop an estimate as to whether the underlying asset is considered a worthwhile investment. For businesses, information such as revenue, earnings, assets, liabilities and growth are considered some of the fundamentals.”

Investors looking to specialize in currency trading should consider the fact that most cryptocurrencies are backed by nothing but technology that in many cases is yet to even be developed. Hundreds of millions of dollars so far have been raised on most cryptocurrency based on only an idea.

When examining the fundamentals of the Federal Reserve Notes, commonly referred to as the American dollar, it is important to consider that Federal Reserve notes have not been redeemable in gold since January of 1934 when Congress amended Section 16 of the Federal Reserve Act to read: “The said [Federal Reserve] notes shall be obligations of the United States… They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.” Federal Reserve notes have not been redeemable in silver since the 1960s.

So, what can investors looking for a value proposition more substantive than the perceived “full faith and credit” of an economy running almost trillion-dollar deficits and carrying over 20 trillion dollars in debt turn to?

The Praetorian Group, which is a “Cryptocurrency Real Estate Investment Vehicle,” (CREIV), hopes to attract those investors with its recent U.S. Securities and Exchange Commission (SEC) filing on March 6 of this year to register their $75 million Initial Coin Offering (ICO) as a security. The “PAX Coin” would be the first cryptocurrency that will be linked to real Property. Developed by attorneys Louis Adimando and Gerard Marrone, the fundamentals of their CREIV was born out of a conversation between the two regarding the flaws with Bitcoin. They both shared concerns about the lack of a value proposition to Bitcoin besides its blockchain and they looked to develop a cryptocurrency that is backed by real value.

The pair fancy themselves problem solvers and went ahead with their attempt to create a better digital currency option. They hired a team of developers and will be looking to raise funds through an Initial Coin Offering (ICO) to non-American citizens when registered by SEC. The money that is raised in the ICO will be applied to purchasing revenue generating investment properties.

When asked to describe the major difference between Pax coin and other cryptocurrencies, Adimando stated, “Pax coin will give investors certainty about what is happening what their money and giving a dividend based on the net profit that is raised from the rent rolls of the properties.”

Praetorian Group developers are also creating a wallet app that logs the transactions that are occurring through the blockchain. In their efforts to improve the integration of the many cryptocurrencies operating in different wallets, they are developing an app that communicates with multiple blockchains and has the ability to “hold” the top 100 cryptocurrencies by market cap. They are also creating a debit card associated with the application for making purchases. Merchants will receive payment via their choice of either cryptocurrency or the local currency.

Like Bitcoin, Pax coin are “capped supply,” so they both protect against any inflation that may occur as a result of printing new money or “mining new coins.”

To protect against the potential cryptocurrency crash which many economists predict may happen, Pax coin is looking to build its foundation on top of a real asset that can survive changing market conditions: residential real property. “We’re doing that because we predict that a crypto crash will look like the dot com crash of 2001 and it will allow Pax to purchase really great blockchain technologies and companies for pennies on the dollar much like the way Google purchased incredible technology that was improperly marketed or otherwise failed,” Marrone said.

With real estate investment, the saying has always gone, “location, location, location.” With this new intersecting of cryptocurrency and residential real property, the saying may change to, “Timing is everything.”

Read Newsmax Article: Fundamentals Matter in the ‘Cryptocurrency Spring’ | Newsmax.com
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