Bitquence is getting a lot of traction in a very active community I'm in. Not just as an ICO, but also as a very valuable long term investment.
I hear everyone saying great things about their technology.
Simply, Bitquence helps anyone who doesn't know how to trade cryptocurrencies, make huge profits.
Getting community consensus data is the key for Bitquence to work great.
Turning the community-given data on cryptocurrencies into a simple interface where newbies can easily allocate their portfolio, without the need for any crypto trading knowledge, that's what Bitquence is about.
Bitquence users will be able to decide on the level of risk, and Bitquence will allocate the savings to the best coins experts choose for each risk type.
This is great for anyone who doesn't know anything about cryptotrading.
Since Bitquence is rewarding the coin holders who make the most accurate reviews (about cryptocurrencies), this makes holding Bitquence more attractive, and in the meantime, it helps Bitquence to gain more accurate data on cryptocurrencies, to later use in allocation.
Bitquence so far seems like it will help welcome so many people into crypto market. If executed well, millions of people can trade with Bitquence, in a secure and reliable way.
Thus the potential is huge here. Both for investors, Bitquence itself, the market, and people who want to trade with data from experts.
Platforms that make mainstream adoption easy are the most valuable ones in these early days of blockchain technologies. When they are more scalable, they can easily reach more users, thus increasing the value of a technology greatly.
Making trading easy for everyone by using community consensus assessment, is revolutionary for the market. It is easy to accomplish it too, given people who make great assessments get rewards by the nature of the platform.
I feel like Bitquence has a team who knows what they are doing. Because they don't just expect people to give ratings without any reward. Bitquence reward system is a smart win/win for all the parties involved (investors, users, tech, market).
Yes, Masternodes of a coin give dividends.
While, Bitquence rewards coin holder community members, who make accurate reviews. The better you know cryptocurrency market, the more you'll earn.
If you compare the two, Masternodes are not as valuable to everyone involved in a coin. I think reward systems which have inherent value for all the parties involved are healthier for blockchain technologies, and their cryptocurrencies to thrive.
I love this idea because getting community consensus data and making use of it this way helps every single other cryptocurrency in the market.. Mass adoption from the general public is only a good thing for all the market, investors, founders and alike...
Bitquence's mission to make trading easier for the mainstream, is a valuable asset for the cryptocurrency market. Not every technology has a power to bring adoption from general public, and the ones who do thrive better. Just look at Steemit.
Experienced cryptotraders helping newbies is a simple yet huge idea, and the rewarding system here seems like they bring more value to the economy than Masternodes. They provide more value to users, investors, platform, and market.
I believe that in the future, most blockchain technologies will have gamification scenarios, that result in new specific values to sustain a flourishing mechanism.
Here is how Bitquence reward system works as a value providing asset:
1- Community gives risk assessment scores to each coin
2- BQX coin owners are rewarded by making contributions, the better they assess each coin in these areas:
- Technical Fundamentals
- Market Potential
- Community
- Governance
- Active development
Thus community consensus is taken, but the community consensus will mostly taken from people who actually know what they are doing and who are coin holders.
3- Users will decide the risk level of their porttfolio. (More risk, chance for more reward)
Bitquence wallet will then allocate money to different coins, based on community consensus and risk levels.
I am in love with only a couple cryptocurrencies, and most of them are platform coins like STEEM, LBRY, and BAT. Bitquence entered my list, because I see it as a valuable technology that can scale.
In the meantime, I'm seeing more and more people thinking to hold on to Bitquence for the long term. Which is important for an investor.
We might see a huge community support behind Bitquence when it hits exchanges. I certainly think that cryptocommunity will hear about Bitquence much more very soon.
Sincerely,
Arcturian
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GIVEAWAY:
I'm having a giveaway of 1000 Bitquence tokens for the closest person who predicts the price of Bitquence after 2 weeks of it hitting the exchange. For entering the contest, and seeing the price predictions click the link below:
https://steemit.com/bitquence/@arcturian/predict-the-price-of-bitquence-and-win-1000-bitquence-tokens
If you want to check out Bitquence ICO here is my referral:
https://bitquence.tokenmarket.net/?aid=OrjsBZmcQCOORqU4nhB15Q
I write on cryptocurrencies daily. If you'd like to read my articles, and follow the content I curate on crypto, you can follow me.
P.S. Never invest more than you can afford to lose.