Tokens

Blockchains and tokens/cryptocurrencies can be complicated and difficult to understand. Some of the underlying processes, such as cryptography, are very complex subjects. We will break down a few key points below.

If you are enjoying what you are reading and would like to know more about some of the underlying technologies then head on over to our blockchain page where we explain some of these. 

Why Cryptocurrency?

Benefits

Built For The Modern World

Cryptocurrencies exists to improve the way we think about money. With the use of tools such as smart contracts we now have programmable money that creates a plethora of uses and revenue streams for your money.

Financial Equality

1.7 billion adults worldwide do not have access to a bank account. With cryptocurrency, as long as you have a basic smartphone, you can benefit from the security, access, and transparency of cryptocurrency.

N

Proven Technology

In countries like Venezuela, where hyperinflation is rampant, cryptocurrencies have become a far more stable, consistent way to use money when local currencies are subject to major increases, minute by minute.

What To Do With It?

Utilisation

Save

Some people choose to hold on to their tokens in case their value goes up. Bitcoin was last decade’s best performing cryptocurrency — its value increased 2,600%+ since 2014.

+

Send

Forget conversion fees or wire transfer waits; sending crypto to anyone in the world is fast and cost-effective. You can now send BTC via Twitter!

Use

Each cryptocurrency is designed for a specific purpose. From a value store to project governance or a portfolio management token.

Spend

Use your crypto to pay for travel, buy gift cards, eat at restaurants, and more. The number of places that accept crypto is growing every day. Use a contactless Visa debit card that’s funded by your crypto balance available from a number of companies.

Earn

There are a variety of ways to earn money using cryptocurencies, from just holding, staking or providing liquidity provision or assets for borrowers (where you are paid in interest).

Myths & Questions

Is Cryptocurrency….

Legal?

Yes. Crypto is legal to buy, sell, send, receive, and own in most parts of the world, including the UK and the Channel Islands.

~

Safe?

Blockchains themselves are built with safety in mind. However projects running on a blockchain are just software and as such require due diligence. 

u

Anonymous?

No, but it is pseudonymous. Your transactions are linked to your wallet address which be viewed by anyone, but contain no information personal to you.

v

A Fad?

Despite what some media outlets might say, support, interest, and demand for cryptocurrency and blockchain-based initiatives are on the rise — even from big businesses.

Valuable?

In short, yes. Some cryptocurrencies, like bitcoin, derive a lot of value from supply and demand, while others are used for specific purposes and grow in value as more people use them.

More Questions?

Not sure how cryptocurrency wallets work or the best way to keep your tokens safe?

Perhaps you are not sure of the use cases for them at all?

Whether you are brand new to cryptocurrencies, or just wanting to ensure you are as informed as you can be, we can put together something to make you feel at ease with investing.