Cryptocurrency is a digital currency market where you can find all the big and small cryptocurrencies. It works on different online exchanges with different currencies and crypto pairs. The first cryptocurrency was created in 2009. It was called Bitcoin. The second one was Litecoin. Today there are many other cryptocurrencies like Ethereum, Ripple and Monero.
In this article, we will also discuss what the best online exchanges to buy cryptocurrency are. If you are new to the cryptocurrency world, you should start with the basics.
Why should you invest in cryptocurrency?
The main reason for investing in cryptocurrency is that it is an alternative payment method. You can invest in cryptocurrency as a long-term investment or a short-term investment. If you want to invest in cryptocurrency for the long term, you must choose your coins wisely.
You should choose the coins which are well-established and have a good community behind them. Cryptocurrency exchanges are the place where you can buy and sell cryptocurrency. There are many cryptocurrency exchanges like Binance, Coinbase, CEX.IO, etc. You can invest in cryptocurrency by buying them directly from the exchanges.
In the midst of this ever-expanding crypto market, there came some internet jokes that soon got roots b developing some loyal community members and thus becoming a part of this online digital currency market. These were called meme coins and then with slight technical differences referred to as meme tokens. The Crypto market welcomed this new breed of digital currency and made it a part of itself. Now you can see the market is rushed with an ever-increasing number of these meme tokens.
Let’s explore it a little what are these meme coins/tokens?
I will start with the most popular ones:
What are they?
PIVX is a decentralized cryptocurrency that has been designed to be used in an open-source fashion, and is an open-source project, meaning that anyone can contribute to its development. It also features a Proof-of-Stake consensus mechanism, which is a form of blockchain governance. This allows PIVX to be more secure than other cryptocurrencies that use the Proof-of-Work consensus mechanism.
LBRY is a decentralized platform for video content that provides a peer-to-peer network for video hosting, streaming, and sharing. The service allows users to upload their own content, or select from a library of videos available on the site. LBRY is one of the most active projects in the crypto space, and its popularity has increased as more people become aware of it.
KICKICO is a crowdfunding website that enables startups to raise funds by providing them with a platform to create and sell their products. It works by allowing startups to create their own projects and collect money for them. The funds collected are used to fund the startup’s project. KICKICO also offers startups the chance to promote their project and increase the number of backers.
GRS is a decentralized marketplace for creators and curators to earn rewards for the work they do. Creators can use the service to store and share all kinds of files. Curators can use the service to discover new content, and reward good content.
In order to participate in the network, users must have access to a digital wallet program through which they can store their bitcoin. Network participants can send and receive bitcoins, but transaction fees are unavoidable. Users may choose to trade bitcoins rather than accept them as a form of payment.
Meme-based cryptocurrency has really made it big for itself. Although it was never intended to be a digital currency it became a crypto asset and now there is an increasing number of meme tokens in the market.
some of them are even going one step further to make it into their own universe. One of the examples is Hokkaido Inu (HOKK) with it all-inclusive ecosystem for its community members to take benefits through purchasing this meme token.
For more information about this, you can visit http://hokk.finance