Review on Bitcoin Token by LUIS RIVERO R
Deflationary cryptocurrency.
In general, it is a cryptocurrency focused on the gradual burning of its assets, depending on the amount of tokens sent according to official information, or, or 1% of the value of the transaction, as time passes and transactions are made the total amount available decrease by increasing its value against its price with other assets.
Its main value is given by its community, although it is a recent cryptocurrency with more than 20,000 users in its telegram account, where most have tokens since it was distributed in Airdrops.
It currently has a low volume in transactions, and the business model is unclear since, as I see it, it is more an investment currency than P2P payments, if they do not specify a really tempting offer, it will continue at the bottom of the cryptocurrencies.
This project has some obstacles and they are related to the adoption of it, being such a recent project has many exceptions who do not trust this token at all.
I consider this high risk asset due to its technical characteristics and those described in its WhitePaper, The offer is very tempting but due to the current price it could be a good investment in the future.
Pros
- An ICO was not performed,
- Open source and being the main support of the community.
- Compatible with most wallets that support tokens in etherium.
- Token reduction in the long term.
Cons
- There is currently a boom in deflationary cryptocurrencies.
- Low transaction volume.
- It is listed in small markets.
