"According to Huobi Prime, the Bit.Store ecological governance token STORE has been registered on Huobi in the form of IEO, which will be one of the recent major developments in the Bit.Store ecosystem."
Cryptocurrency has set off an investment frenzy around the world, especially the in-depth entry of some traditional financial institutions such as Alan Howard and Citibank, which has further promoted the overall enthusiasm of the market. Compared with traditional investment products, the return on investment brought by cryptocurrencies is higher, especially for long-term investors of some mainstream assets, they have obtained good returns within a certain period of time.
After years of development in the cryptocurrency field, the overall market situation has undergone fusion. For example, Bitcoin accounted for 94% of the total cryptocurrency market value in the early days. With the diversified development of the market such as the emergence of DeFi and GameFi, The proportion of Bitcoin is currently only 39.3%, hitting new lows, which also means that the investment options in the cryptocurrency sector are becoming more diversified.
Although entering January, the cryptocurrency market as a whole ushered in a sharp drop, but the overall structure and value foundation of the current market have been quite stable, and there will still be some new hot spots in the market to drive market growth, so we still have reasons to be optimistic Short term and long term outlook.
Different from centralized traditional financial investment products such as traditional stocks and funds, cryptocurrency is a special asset that relies on blockchain technology and can exist in a decentralized form. It can exist independently of any centralized organization. OTC (inside CEX) is usually the main means for investors to acquire cryptocurrencies. Although this method is currently the main means of purchasing cryptocurrencies, it has certain security and trust issues and is not suitable for novices to invest Otherwise, the handling fee is high and inconvenient. Although traditional payment giants such as PayPal and CashAPP have entered the cryptocurrency sector, their fees are high and they tend to serve users in targeted regions (North America), making it difficult to provide services for global users.
Cryptocurrency itself is a type of asset with a high investment threshold, which is not friendly to many novice users. Although PayPal and CashAPP allow many traditional investors to invest in cryptocurrencies in the same way as investing in traditional investment products, such traditional payment tools charge higher fees, and they are all Internet products in the form of Web2.0. The emergence of Bit.Store is expected to become the best way for all kinds of cryptocurrency investors to acquire encrypted assets.
Crypto asset investment tool with SocialFi features, Bit.Store
Bit.Store is an investment tool that is currently very popular in major encryption communities. It allows cryptocurrency investors to exchange cryptocurrencies in real time through fiat currencies simply, conveniently and safely. Bit.Store can satisfy most of the traditional Internet The usage habits of users are especially suitable for some novice investors.
Compared with PayPal and CashAPP, Bit.Store has certain advantages in terms of fee rates. PayPal and CashAPP will charge a certain handling fee when the user buys or sells cryptocurrency, and any user who buys cryptocurrency at Bit.Store will enjoy 0 handling fee, and only charge 2% handling fee when selling . Therefore, Bit.Store is especially suitable for some large-scale users and long-term fixed investment users to use as an investment tool, especially when the current market is falling, it is more suitable to use Bit.Store to buy bottom. Bit.Store is an encrypted asset investment platform. Whether the real-time selection of encrypted asset prices is reasonable is the main manifestation of fairness. The asset pricing of PayPal, CashAPP, and traditional OTC usually puts investors in a vulnerable position. Bit.Store integrates the decentralized oracle machine ChainLink, and uses its real-time feedback price as a reference price for investors to buy and sell encrypted assets on the platform. The price itself is not controlled by the platform and is more fair.
In addition to the advantages of being suitable for novice users and low fee rates, Bit.Store also has certain advantages in terms of fund security and compliance. Bit.Store users, after purchasing encrypted assets, the funds will be entrusted to Coinbase, the world's largest compliance platform, and Cobo, a well-known cryptocurrency wallet. Once there is a security problem with the funds, these platforms will also fully compensate for the user's losses. PWC, a world-renowned auditing institution, will also conduct regular audits on Bit.Store to ensure that there will be no loopholes in the platform.
In addition, Bit.Store has obtained the Hong Kong MSO license, the US MSB license and the Canadian MSB license. The Indonesian trade license application is expected to be approved in 2021. At the same time, Bit.Store also has a European EMI license, a South American trade license, and business authorizations in other countries and regions. Bit.Store's business complies with the legal supervision of most regions, further allowing users' rights and interests to be protected by law.
Bit.Store itself is also a product that can be oriented to Web3. The ecology itself is operated in the form of a DAO-driven community, and the Bit.Store community is also a SocialFi ecosystem that provides various functions, including social transactions, tracking and copying by the field Trading strategies published by seasoned experts and allow experts to monetize their contribution to the platform. All community users can share strategies, knowledge, experiences and portfolios and connect professional investors with novice users. Bit.Store has issued the governance token STORE, holders can not only enjoy many rights and interests, but also participate in community resolution voting in the form of voting. In the future, Bit.Store will delegate many rights to the community to build a DAO ecosystem.
The Bit.Store product itself is not limited to or dependent on a fixed region (PayPal and CashAPP mainly serve users in North America). Bit.Store is currently providing services to many cryptocurrency investors in Southeast Asia, and will soon Expand the market in the Middle East and South America, as well as North America, Europe and Australia, further expand the business to globalization, and finally allow all users to use Bit.Store to purchase cryptocurrencies.
Bit.Store will usher in heavy market progress
At present, Bit.Store can directly invest in cryptocurrencies through Paypal or credit card. It has a strong payment network across 20 countries and regions, and provides more than 40 payment methods. In terms of encrypted assets, Bit.Store supports the exchange of BTC, ACH, People, ONE, MATIC, NEAR, TRON and other assets.
In April 2021, the registered users of Bit.Store reached 200,000. In June, Bit.Store officially opened for registration in the UK, Japan, Australia, Canada and Hong Kong. Bit.Store currently has 500,000 active users in Europe and Southeast Asia, and daily active users have reached nearly 50,000 per day. The Bit.Store ecosystem will continue to expand rapidly to the global market.
The Bit.Store industry is about to usher in new market developments in the near future. It is reported that the governance token STORE of Bit.Store will be released at 2022-01-25 01:00:00 AM (UTC)-2022-01-25 13 :00:00 PM (UTC) will launch acy.finance in the form of IDO.
And at 10:00 (UTC) on January 26, 2022, it will be registered on the HuobiPrime board in the form of IEO, which will also allow more and more people to know Bit.Store, and STORE will continue to serve as Ecological empowerment.
