In the last few years, blockchain technology become very popular among citizens and make many people exciting to join it. Blockchain technology was developed in some aspects or fields which is very helpful to solve many problems we have in the real world. Blockchain technology also being used not only to solve problem and payment system but it is used for investment which is very profitable specially when we join in project crowdsale as early investor since normally the price will be much higher after being listed in exchange. That is why many people is very interesting to join the ico.
As we know there are many of fail project recently so we need to be carefully choose among them and join the best one. To choose good or bad project, i think doing some research before that would be better since we can get any idea about the project and its future for long term or not. After doing some research about project, i found good promising project with really interesting idea. In my opinion, this project can be very successfully in the next future. the project called "Bitrust". So lets start discuss about this project
What is Bitrust?
Bitrust is technology based blockchain which is developed to protect our investment if the price drop. Bitrust is working like insurance but this is very transparent, easy and secure because its decentralized platform and works peer to peer. As we know cryptocurrency is very volatile so it can make us profit or loss. In Bitrust, beginners who worry about their investment drop, they can use this Bitrust platform to protect their investment while the price drop. This is the best risk management ever and its very likely different with old risk management. Bitrust platform can be used for even beginners because its very easy, cheap and simple. Bitrust is claimed itself as revolution technology as it is the first technology built with this purpose. All the product of Bitrust is supported by BTF token. With this token, Bitrust will manage all risk management so we do not need to be worry anymore with market fluctuate. So this is the reason why Bitrust platform is built.
please visit the website and whitepaper and also watch the video for more information.
How it Works?
Bitrust platform is first Insurance based blockchain where we can protect our investment while the price drop. Bitrust work is very simple, first consumer buy their prefer cryptocurrency. Their cryptocurrency have chance to grow and down. If consumers worry with their investment then they can Bitrust platform to get insurance.
Second, Bitrust platform provide peer to peer and decentralized platform to make the transaction. In the Bitrust, there are other investor who will cover consumer investment if its drop, if the price of consumer investment growing, the investor who cover the insurance will get fee. Bitrust platform make this transaction without third party because all of trade is held in blockchain.
How risky is Bitrust?
When we talk abou risk, we can 100% avoid the risk in this kind of investment since this investment is high risk high return investment type. So what we can do now if we want to join this investment? The most important thing, as investor we need to know the risk level of the project before investing in this cryptocurrency investment. Now i explain how i evaluate any of the project and write the result. We know there are many criteria to value the investment risk, such as :
Lets start the explanation one by one.
Competition means the project should have more advantages than other project in the similar aspect to survive and become first choice of investor. To be honest, Bitrust is the first project in the field so i am sure the interest to the project would be so high. If so many people invest in this project means there are so strong supporter behind the project.
This is the proof that many people are interesting into the project or not. How we check it? In my opinion, check the social media follower will be the best way. On official facebook page, it has more than 12,600 followers and in official twitter page it has more than 13,200 follower. In telegram group where the investors can ask all detail about project so the amount of member is reference for us to know whether the project attract many people or not. It has more than 6,400 member. All their official social media has not less amount and it is a proof that the hype around project is high.
Token sale is also important on this section in my opinion. Bitrust only need 12,000 etherium as hard cap, it means the hard cap is very reasonable amount to develop the project. Unlike the other project that need more than 50,000 etherium for hard cap and it is not reasonable amount. That is like scam project which is likely collect more money from investor for nothing. beside of that, all unsold token also will be burnt by smart contract and the management token is locked for 2 years. With this, we can make sure the token circulations will lead the token price increase after ico.
Well, for me team is the most important thing beside the idea. without good experience team, it is impossible to make the project success. How about Bitrust's team? Bitrust has 13 people of team include the advisors. It is not about the amount but all about the experience. I am impressed with the CEO Alex Duhamel, he has a lot of experience starting May 2010 till now in crypto field with many different companies. He also has a degree in Finance with distinction from a top tier Canadian University and a Master’s degree in Finance from Cass Business School in London, UK. While working at KPMG Canada, Alex gained extensive knowledge of valuations and financial risk management.
I dont want to think promotion is not important because without promotion nobody will know about the project. I will not explain this section too long but i will provide the picture where the project has been promoted and all of the site is very credible in cryptocurrrency world. Check the picture below, more info please visit website
Conclusion
Finally, again i will say crypto investment is high risk but we need to review the project to know how risk it is. i have explained all the detail above and in my opinion, Bitrust is low risk investment. so do not miss to join in the ico because we need to join the project in early level to get the best price.
So what is your opinion?
Contact
Author Info
Bountyhive.io/r/Anneone
Anne8
Link
0xcBB5abfed2D79D045722670635c2e67F0588C224
Thank You
