Article sponsored by LiteBit.
What is Cryptocurrency?
Bitcoin, Ethereum or even Litecoin, you may have heard these names before without ever really learning about the subject. However, the market for cryptocurrencies, these virtual currencies that can be stored in a digital wallet, is booming and attracting a lot of attention. They have existed for about ten years and allow the purchase of goods or services.
Their decentralized financial system does not depend on any bank. As a result, this device is faster, transparent, and less expensive. The reliability of this type of currency is ensured by blockchain, a modern information transmission and storage technology. This database ensures monitoring and security, thanks to encrypted writing, by retracing all the exchanges carried out between its users since its creation. If you want to buy or sell cryptocurrencies, you must go to a specialized exchange platform such as LiteBit.
The rise of the LiteBit trading platform
LiteBit was born from the enthusiasm of two crypto enthusiasts, who became the founders of their start-up. Their mission: to simplify cryptocurrency trading. The beginnings of the platform took place with Litecoin and then with Bitcoin. Faced with their success, investors join the adventure. The new LiteBit website goes live at the end of 2017, at the right time to take advantage of the positive fallout from the Bullrun (the period during which cryptocurrencies experience strong growth) and increase its popularity thanks to it.
LiteBit then turns into a company with 14 employees. It is therefore obliged to find another seat, located today in Rotterdam. The company continues its ascent and increases its workforce to reach 90 professionals. It obtains the Best Crypto Broker award in 2019 and 2020 rewarding its efforts and ambition to become the most reliable and user-friendly platform in Europe.
The advantages of buying your cryptocurrencies on the LiteBit platform
You can buy safely on LiteBit. Your crypto exchanges are protected as well as your virtual wallet. If you still have doubts, know that the website is registered with the Financial Markets Authority (AMF). LiteBit has therefore been checked for the transparency of its information and for the smooth running of its monetary operations.
LiteBit simplifies the use of cryptocurrencies on its platform in order to privilege the human aspect. She is attentive to your needs and seeks to best convey her passion by accompanying you to live the experience of investing in cryptocurrency. She helps you buy, manage and sell your crypto assets and is available 24/7 to answer your questions. Once registered, you get direct access to all cryptocurrencies and your virtual wallet.
The trading platform offers a wide choice: more than 60 cryptos relevant to the market. They are not present on LiteBit by chance since each currency has been carefully selected by experts. The platform is able to process large volumes every day thanks to its state-of-the-art systems (this market raises more than 3 million euros).
A market boosted by the impulse of the Metavers
The sector of the metaverse (a virtual world in which you can evolve in the form of an avatar and perform various actions such as interacting, walking around or even buying and selling) is making a lot of noise at the moment. This digital space of the future is a high-potential market attracting web giants as well as new entrants ready to invest in this sector. This enthusiasm is partly caused by Facebook when it announced to create its own metaverse. The group’s new name, Meta, is also a nod to this future metaverse project.
These growing ecosystems are poised to become the next generation of the Internet. These virtual worlds require the use of digital currencies to develop and perform various transactions. This is where cryptocurrencies come in. They differ according to the metaverse in which you evolve. Something to think seriously about this alternative investment.
Promising virtual currencies from Decentraland, The Sandbox and Axie infinity
Faced with the impetus of the metaverse sector, tokens from the flourishing virtual worlds of Decentraland, The Sandbox and Axie infinity, are making their way.
The Mana currency comes from the Decentraland virtual world running on the Ethereum blockchain. It is used for the trade of goods and services provided by users of the platform and promotes the virtual and social economy. Users’ 3D creations are used to explore and generate revenue. Access to this virtual world will be possible via a VR headset, a computer or even a telephone.
On the other hand, The Sandbox is a virtual universe of the Ethereum blockchain. This metaverse allows players to create their own NFT (Non-fungible token), digital goods from the Blockchain. They are unique, cannot be reproduced and guarantee exclusive ownership of digital assets (artwork, songs, tweets). NFTs represent a new investment opportunity based on a technology of the future. Players can also monetize and own their gaming experiences with the goal of engaging them in this ecosystem. These transactions take place on The Sandbox thanks to the dematerialized currency Sand. The Sandbox platform has made about fifty partnerships with well-known game companies such as Atari, Shaun the Sheep and CryptoKitties.
Finally, the Axie Infinity blockchain is more of a fighting and trading game partially owned by its players. They breed, battle and trade their creatures called Axies (NFTs) that work with tokens. This world deploys axie infinity shards (AXS) allowing participation in important governance votes and granting oversight over the use of Axies funds.
The cryptocurrency market is therefore to be watched closely, because it has not finished talking about it. This investment is in groundbreaking technology and could earn you more than an A savings book investment. The market is volatile but has many attractive and interesting opportunities.
With LiteBit, it is possible until April 30, 2022, to take advantage of a €20 credit after registration and account verification.