💥2024 NOTCOIN (NOT) The Beginning Of Bullishness 🐂💥Please invest safely⚠️. Many people find it difficult when it comes to deciding where to start investing in cryptos. Before we know the right place to start crypto investments, it is important to understand what Cryptos mean.
Cryptos are a Peer-to-Peer (P2P) electronic cash system without an involved third party. What does this mean? It means that Crypto is a decentralised system that does not require an intermediary to authorise its financial transactions but instead uses a decentralised system known as blockchain technology secured by Cryptography.
What is Blockchain?
A simple example of blockchain is like a paved road and cryptos are like a car. For a car to pass, it requires the presence of a paved road so it can pass more easily. Therefore, blockchain is the place where most crypto transactions take place.
Blockchain like a paved road
Crypto like a Car
Why are Cryptos present nowadays?
This question can be answered as follows:
Cryptos exist due to the evolution of money, which is very difficult to avoid based on the advancements in science and technology that humans have been making every day with the aim of making the world a comfortable place to live in. This evolution of money aims at correcting the mistakes at every stage of the evolution of money.
Refering the image: From Barter Trade to cryptocurrencies, we call it cryptos, it is already considered the evolution of money. People using Barter Trade faced significant challenges in exchanging goods for goods, which led them to find another way to simplify life by introducing a form of Gold, metal coins, which later, based on their weight to carry, were converted into paper money. Later, due to their vulnerability to burning easily, plastic cards were introduced, and then electronic money. With electronic money, there is a problem of Government Controlled Programmable money, which posed difficulties when sending money quickly abroad as it took a long time to reach the recipient and sometimes incurred high costs when sending money abroad.
Through the evolution of money mentioned above, the evolution of money in cryptos is born, which does not require an intermediary to authorise transactions between two people when exchanging money but rather a decentralised system, namely Peer To Peer Electronic Cash System. This is a significant and unique step in the evolution of money that allows individuals to have control over their finances without being under any authority that currently controls everything related to people's money.
Benefits of the New Money Paymemt System:
Equality for All:
It is a system where the rich person in America and the farmer in Chitoholi Mtwara or in Konde Boy village or in Kigoma with Diamond, all have an equal opportunity to benefit from this new system. This is possible due to the wave of smartphones and the widespread availability of the internet in almost every corner of the world. Fortunately, in Tanzania, we are moving towards having high-speed internet called Starlink (a satellite-based system) under the world's richest man Elon Musk, who is also a big believer in Bitcoin and other cryptocurrencies.
Ease of sending money at low cost.
In the current paper/Electronic money system, it is expensive to send money between countries. When there is ease in sending money between countries, it makes business operations easier, thus bringing development and boosting the economy in line with globalization.
According to information from the Sustainable Development Goals (SDGs), there have been high costs associated with facilitating the transfer of money between countries using the current money system. Where the cost of sending money is seven percent (7%) compared to the target of three percent (3%). And the costs are even higher, reaching 8.97% when it comes to African countries.
This new technology of Cryptos and digital money system or cryptocurrencies simplifies sending money at a low cost below 3% or even zero fees, and most importantly, the money arrives on time.
More Privacy and Security:
Your money in the digital system remains confidential. No one can know how much you own, except for yourself. The system recognizes that a certain person has a certain amount of money (Cryptos) but their name is unknown. Also, money in this system is completely secure. The only task for the person who owns this money is to keep their password secret.
Easy to Use:
You don't need to carry your money in a bag or wallet, just having it on your phone is enough, and you can pay for services or goods anywhere in the world more easily. An example is Binance Pay, which allows you to order goods from China or Dubai while at home in Tanzania/India as long as your device supports internet. The only task is to keep your password secret. You won't need to exchange Tanzanian Shillings for Japanese Yen to pay for your car from Japan. Having cryptos is enough to be used anywhere in the world.
Investing in Projects Worldwide:
The advent of digital money has enabled people to do business and invest anywhere in the world. Previously, it was not easy to own shares of U.S. companies like Google or Facebook while in South Africa. With this new system, there has been an increase in good ways to use cryptos to buy shares of companies in major countries worldwide. Stock trading used to require people with high income and great understanding, but with the arrival of the internet and easy access to information, people can participate in markets that were difficult to reach and reap profits. For example, the Abra app opens the door for anyone worldwide through its platform to buy and own shares of major companies, digital money, and ETFs.
Protection Against Inflation:
We witnessed last years in 2022 and 2023 many people complaining about the rising prices of goods, and it is possible that inflation of goods will continue to rise even more until this year 2024 (but if you start using cryptocurrencies, you will already have overcome inflation and your life will be much easier). Inflation is when the value of a currency decreases, and prices of goods increase. This situation leads to a difficult life. With the arrival of this new technology, it is safer because digital money tends to increase in value. For example, currently, Bitcoin on Binance exchange is selling at a price of $69,000. Imagine if you acquired some Bitcoin at a low price because you don't need to buy a whole item, even in decimals, Bitcoin shows the value of the money you have, even $10 is fine, then if that Bitcoin reaches a price of $200,000 by the year 2025, and you could potentially make over $30. This is the hidden secret that many people do not know.
Remember that since Bitcoin started in 2009, it has been priced at $0.009 at one point through this small calculation but with a significant impact on investment in Bitcoin when using Binance. It has become a shield against devaluation and brings profit. That's why it's not surprising to realize that the year Bitcoin was born in 2008 was a year of significant economic turmoil. There was a significant inflation of prices and a devaluation of the dollar. This year 2024, many countries are preparing to use cryptos and Binance exchange properly. Examples include Nigeria, South Africa, Kenya, Uganda. Other countries are Germany through their car manufacturing company BMW; other countries are France, Italy, El Salvador, and the United States, which have now approved Bitcoin and Ethereum ETFs, which is a good and unique step in crypto investment especially when these major countries are trying to go public and agree with the evolution of money especially the use of cryptos.
The fundamental question arises: where should you start investing using Cryptos? The answer is Binance 😊😋🥳
Why Binance?
1. Binance is the right place or reliable crypto Exchange for you to buy Cryptocurrencies at low prices and wait for the market value to rise so you can sell your Cryptos and make a profit.
2. The right place to order your goods from abroad more easily using Binance Pay.
3. Binance is a secure place for selling your artworks such as paintings, music, and sports performances. A real-life example is Cristiano Ronaldo who is on Binance selling his football performances and earning money smoothly through Binance.
These artworks in the language of Blockchain technology are called Non Fungible Tokens (NFT).
4. Additionally, BINANCE is a safe place where you can purchase airtime for your phone through Binance, and even buy a bundle easily through Binance to your phone.
5. Binance also has a suitable platform for you to advertise your business globally using something called Binance Square.
It is a place where your advertisement can be viewed by over 1 million people per week, including individuals with significant intelligence and financial resources who may help you establish good connections for a better life!
6. Binance is a Crypto leader by volume, currently having more than 196M+ users as of today, June 3, 2024. This is a large number among the 600M+ crypto users, which is approximately 5%+!
Binance Crypto Lead by Volume
Binance Users Worldwide
Start your crypto journey with Binance using the following Binance Account Registration Form
Also use the link to understand Binance's web 3 wallet to store your cryptos securely.
Last you are free to buy NOTCOIN (NOT) $NOT the project that you don’t need to miss out without forgetting $BNB and $ETH
Always do your own research before investing in crypto space I wish you a nice day!😊🤗
