Economies in the United states are increasingly becoming global and interdependent. Modern financial tools and technology behind these tools are also growing and supporting international economies. Advances in technology is helping us move away from centralized banking (think unnecessary fees) . A movement towards a ubiquitous model for distributing wealth across all who participate in the economy. No matter their background or “class”. Here you’ll find information about cryptocurrency. Information about what it could mean to you as part of your financial well-being and diversity.
Bitcoin: the world’s first decentralized currency:
We know, “cryptocurrency” sounds like it’s meant for the dark underworld, but here are some truths about this digital form of payment:
- It’s value is resistant to censorship. In other words, resistant to traditional inflation.
- It’s immutable against manipulation by central entities, authorities and governments. This means no one entity, person or control point with unequal “authority”.
- Bitcoin runs on blockchain tech, therefore, it is consensus verified, and without anyone controlling it.
Because of the decentralized structure and peer-to-peer protocol of Bitcoin; the Bitcoin network is able to operate as its own economy, without intermediaries or third party service providers.
The downside to this great technology is volatility, or pace at which the value of cryptocurrency can change, or go away altogether. However, to minimize this risk and protect consumers, international regulations are forming, and OMINEX is a leader in helping this to happen.
Cryptocurrency – The Basics
Without regulation, investing in cryptocurrency can be risky. A few helpful terms to understand prior to investing in cryptocurrency are:
- Initial Public Offering (IPO): An initial public offering of stock (in a company) in which you take partial ownership in the company.
- Initial Coin Offering (ICO): You invest in a currency to help a company but the investment will not result in ownership or stake in the company.
Now that we have that settled, when you invest in cryptocurrency you are purchasing cryptocurrency (with let’s say traditional U.S. dollars) with the bet that the cryptocurrency will be used, grow value, and rise in price. Therefore the rise in price earns you a return on your investment. This is very exciting! Although, finding the right cryptocurrency to invest in takes research and patience. A lot of new upstart (ICOs) have potential to fail, or could be an outright scam to take your investment and fold. There is nearly no regulation of ICOs curretnly in the United States.
How to Protect and Operate within Compliance and Legality Globally:
We like to introduce OMINEX to our visitors as it is backed by engineering solutions, regulatory guidelines for IPO and Crowd Funding Space. Ominex took their experience in public offering regulation and are applying it to the ICO market. This is to reach a future goal of offering Compliant Token Solutions. Tokens that follow standards to protect both investors and companies (or a person) offering an ICO.
OMINEX to take on this monumental task put together the “Open Compliance Project“ to support international regulations. This creates an ongoing platform for community support. The fast pace of cryptocurrency, with new tokens minted on a regular bases, necessitates a form of compliance and regulation to protect users, consumers and investors.
Solutions offered by Ominex include:
- Vetting and verifying legitimacy of the ICOs offered to the World.
- Provides an easy to understand and use OMINEX WALLET to participate in new vetted ICOs easily.
- Easy access to view the top coins and to be able to buy/sell/acquire easily within a single wallet.
- Paving the way of the future – this will be the #1 User Wallet and Solution for accessing and working with Cryptocurrencies.
More on Cryptocurrency
While we hope this provided a good introduction and some resources to help you get started in cryptocurrency, there is an abundance of information available on the web to help you prior to starting on this venture. It is particularly helpful to understand the differences between IPO, and ICO. We recommend taking some extra time to understand these differences. Read about investing concepts in this excellent post by Investopedia, found right here.
