Why I decided to get involved in cryptocurrency
I first heard of bitcoin and cryptocurrency back in 2015, an old colleague of mine told me how he made a lot of money from buying and holding bitcoin. After he told me this I followed a few people he recommended on Twitter and watched some YouTube videos, I found it all very interesting but there wasn't the same amount of information available as there is nowadays.
For some reason, I slowly lost interest. Maybe it was because I didn't have money invested or maybe I was too busy at the time but I simply forgot all about it. I then started looking into crypto again in April 2016 because I met up with my ex-colleague and he told me the value of his portfolio had almost doubled in less than a year. I then started to follow cryptocurrency more closely and I even had a bitcoin website set as my homepage on my work PC as I was intent on learning more about the subject.
One of the main reasons why I finally decided to get involved in cryptocurrency is because of the massive returns that I had heard were available due to the volatility and bullish nature of the cryptocurrency markets. I decided to buy my first cryptocurrency in September 2017, I had been following the markets for several months prior and I thought it was a good entry point.
I would like to say over the last year I have consumed a lot of information about cryptocurrency and the blockchain. I have read about 100's of new projects and more importantly, I've learnt lots about crypto economics and how blockchain technology could potentially change society and business forever with its decentralization, efficiency and transparency and the advantages it has over traditional industries.
Passive-income opportunities
One of the more controversial aspects of cryptocurrency I have learnt about is passive-income based projects. Lots of companies have been and gone, some have ended up being scams and some were not financially viable and ended up going bust. One of the well-known examples is Bitconnect.
Bitconnect was a 'loan platform' that allowed users to lend crypto P2P in return for the compounded interest of up to 1% per day. This was unsustainable and it turned out Bitconnect was a Ponzi scheme and it was closed in January 2018 after regulators from Texas and North Carolina ordered a cease and desist order on the company asking them to return funds to investors.
Proof of stake coin mining is another way for investors to earn a regular income from crypto passively with little to no effort. The way proof of stake mining works is that a users mining power is decided by the number of coins he or she holds, they can then mine or validate coins through this method. This means that the more cryptocurrency owned by a miner, the more mining power he or she has.
However this isn't the only way crypto investors can earn a passive income, there are cryptocurrency projects that use masternodes to reward users for running nodes that help the network operate efficiently and securely. Masternode holders can earn tokens for running a masternode and keeping it running for long periods of time. Rewards can be very high and the tokens can gain lots of value.
One example is DASH, it is the masternode token with the highest market cap and its value has rocketed in recent times. When it was first released in 2014 it started off with a market cap of less than $1 million, by December 2017 it had a market cap of over $12 billion. The token value increased over this time period from $0.21 to $1,635, if you had been a loyal investor you could have made a lot of money from this investment. It was a phenomenal increase, but please understand not all masternode tokens have done as well as DASH and it is not always a secure way of making a passive income.
The Securix opportunity
I have recently come across the Securix project based in The Netherlands, I was scrolling through Bitcointalk and I came across their thread, I am now an active poster and I can tell you why I am interested in their idea. They are currently running an ICO to raise money to fund their mining facility that will pay out Ethereum monthly to its investors.
Each SRXIO token is valued at $1 and $0.85 from each token purchased will go towards buying mining machines. This means the tokens are effectively backed by the tangible assets that are owned by the company and therefore the token, in theory, should be extremely stable.
The mining facility will be powered by sustainable electricity that is purchased directly from green energy generators. This saves a lot of money because there are no intermediary costs. To power the mining machines Securix will need to use a lot of energy, therefore to be responsible and show their sustainable entrepreneurship they will use green energy. Another interesting fact about the Securix project is that they will use the heat produced by the mining activities to heat up their offices with a process called thermal storage.
Going back to the rewards and payouts on offer to Securix investors, the team will pay out 45% of their gross revenue share from their mining company to token holders. Ethereum will be paid out securely through their smart contract to investors, they offer a great ROI and you can calculate how much you might receive through the calculator on their website. For example, if you invested $1000 (without the 30% bonus) and Bitcoin was valued at $7,500 your initial investment would be worth $1907. That is a return of $907, that is equivalent to 90.70%.
There are many variables that could affect the returns and value, the main factor being that the Securix team run the company efficiently and responsibly. If they can live up to their promises then investors will be very happy. Their team is made up of some experienced members, their leadership team includes CEO Jacobus Donkersloot and COO Damian Strauss.
Jacobus went to Hogeschool Rotterdam where he learnt about Commercial Economics, he has had a long history in business and has worked for massive companies such as AAB International, Bergmann Associates and Inco Mobile. He has been a very successful Director and Manager for these companies and his experience should hopefully help lead Securix to success.
Jacobus' right-hand man is Damian, Damian also went to Hogeschool Rotterdam but this was a few years after Jacobus. He has slightly less business experience but he impressed for B2L Cargocare as an operations manager. He has lots of skills listed on his Linkedin including excellent business acumen and apparently he's a strong strategist.
Securix token sale
The Securix token sale started on August 4th and this current stage will run for a further two days. They have sold 60% of the tоkеns for this stage and there is a 30% bonus available for investors. The minimum buy-in at this stage is 5000 SRXIO = $5,000 USD or equivalent in ETH/BTC/BCH. The overall total supply is 55,000,000 SRXIO. They have hit their soft cap already of $3 million and they hope to hit their hard cap of $42.35 million.
Interested investors can get whitelisted on the Securix website: https://dashboard.securix.io/signup?ref=KfBERxIGnn
Securix Links
Website: https://securix.io/
Telegram: https://t.me/securixio
YouTube: https://www.youtube.com/channel/UC6NbXR12fV5YVYS1wTf1GYA
Instagram: https://www.instagram.com/securixio/
Facebook: https://www.facebook.com/securixmarketing
Linkedin: https://www.linkedin.com/company/securix-io/
BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2161156
Medium: https://medium.com/@securixio
Github: https://github.com/SRXIO
Steemit: https://steemit.com/@securixio/feed
Onepager: https://securix.io/wp/One_Pager_GB.pdf
Whitepaper: https://securix.io/wp/Securix_Whitepaper_onepager_GB.pdf
Good article, I am following you please follow me back
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Yes, but I guess they will not giving compounding interest on it.
Yes, but I guess they
Will not giving compounding
Interest on it.
- girib1684
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i really want to see these in action it sounds to good to be true. one of the admin on their telegram channel said some like earning while spleeping.
Yrah. Especially with the way they are emphasising on the ROI %. They just want to make profit for investors a holders.
It sounds like a great plan but your right i'd love to see them show how they plan to honestly be different than the others that came before
This will pay off more when the price of eth goes up. Then u will see people flood into this.
Getting paid generally is something to look forward too.
Coins mentioned in post:
That is a pretty detailed post mate; Nicely written. I think they are cautious on how they distribute the tokens given the min sale amount. it seems they are trying to protect against dumping.
It makes sense so many ICO's end up failing because of huge dumps as soon as they hit exchanges i expect taht more projects should do everything they can to protect against that.
In my quest for knowing more about this project, I discovered that they use an alternate energy to electricity for mining. This in my opinion is a good move as aside the environmental hazards it will prevent, it is also cost effective.
yeah, and it also say a lot about the team behind the project
@originalworks check this out
Not that's been neglected, its just that it takes a lot to run a mining operation on a large scale