☀️🪙☀️🪙Let's get to know the currency🪙☀️🪙☀️
Tezos (XTZ) is a cryptocurrency based on a unique blockchain that supports smart contracts and decentralized applications. The Tezos project is characterized by its ability to self-update, allowing the network to evolve without the need for hard forks. 🌐🔗
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📌 Introduction to the currency:
The Tezos network and its XTZ coin were launched on June 30, 2018. It seeks to build a sophisticated and sustainable infrastructure that supports continuous development through a voting mechanism on amendments.
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🎯 Project objectives:
1. Decentralization: enabling users to vote and participate in the development of the network.
2. Sustainability: Support self-updates of the network to avoid splits.
3. Application Support: Providing a flexible platform for decentralized applications and smart contracts.
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📊 Financial data analysis:
Market Cap: $1.32 Billion.
Fully discounted market cap: $1.35 billion.
Trading supply: 1.01 billion XTZ.
Total Supply: 1.04 billion XTZ.
Issue price: $0.45 (about 22.24 EGP).
Record high: $9.1754 (about EGP 453.54, on October 4, 2021). 📈
Record low: $0.3146 (~15.55 EGP, on December 7, 2018). 📉
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👩💻 Founders and Team:
The project was founded by Arthur and Kathleen Breitman, two technology and finance professionals. With the support of the Tezos Foundation, the project has been able to build an active community of developers and users.
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💡 Most prominent uses:
1. Network Governance: XTZ holders participate in network decisions through voting.
2. Application Support: XTZ is used as fuel to run decentralized applications.
3. Staking: Users can earn rewards by staking the currency.
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✔️ Advantages of the currency:
Unique design supports self-updates. 🔄
Energy efficient compared to others. ⚡
Reward system via storage. 💸
❌ Disadvantages of the currency:
Strong competition from similar blockchain projects.
Overall performance was impacted by the volatile cryptocurrency market. 📉
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📈 Historical performance and expected future:
Historical Performance: Tezos has seen rapid growth since its launch, but its value has been affected by market volatility.
Future Outlook: With the increasing focus on smart contract technologies, the currency may see increased interest.
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💬 Conclusion:
Tezos (XTZ) is an innovative coin that aims to sustainably develop the blockchain and support decentralized applications. Investing in it can be promising, especially for investors who focus on projects with strong technology. However, it is always advisable to do research and follow-up before making any decision.
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Success in the world of digital currencies 🪙 begins with knowledge and accurate follow-up 📊 So don't forget 🩵 to follow, dear trader, and turn on 🔔 notifications to get the latest news 📰 and opportunities at the right time ⏰
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