Why Crypto Coins Like Polygon(MATIC) are Rising So Fast in US & UK
New York City: You probably know that cryptocurrencies have been on the rise lately. It might surprise you to learn, however, that they aren’t just popular in Europe and Asia—they’re also extremely popular in the United States and United Kingdom, including among investors who have never even heard of Bitcoin before. If you don’t believe me, just check out Coin Market Cap to see how many coins are currently trending in America and Europe compared to how many coins are trending in Asia.
What’s so special about MATIC
The meteoric rise of cryptocurrency goes without saying. But, this digital currency isn’t just about the money it’s making for investors. It could also be a solution to one of America’s most pressing problems: affordable housing.
Cryptocurrency is an intangible asset that allows you to transfer funds digitally, usually across a peer-to-peer network and often without a centralized banking system. The technology has been around since 2009, but its use has grown exponentially since 2016.
Housing is the largest expense for many Americans and rent has continued to rise over the past decade, making it difficult for some people to afford homes and apartments near their jobs or schools. Some developers have turned to building micro apartments in urban areas like New York City and Chicago, as well as condos at low prices on the outskirts of cities such as Las Vegas.
In Las Vegas, for example, Nevada Partners plans to build 1,000 condo units with price tags starting at $150 per square foot–which would cost less than $400 per month with a mortgage–in the city’s emerging downtown district. And according to CNN Money, micro apartments make up more than 50% of all new rental construction in New York City. A study by Harvard found that more than 90% of renters want smaller living spaces so they can move closer to work or public transit.
The differences between coins, tokens, currencies and utility tokens
The world of cryptocurrencies is a confusing one. It’s difficult to know what you should be investing in, which is why it’s important to keep up with the latest trends and developments. Understanding the various types of cryptocurrencies can help you make better investments and understand how they work.
Cryptocurrencies can be divided into four different categories: coins, tokens, currencies, and utility tokens. Coins are digital money that can be transferred digitally from person to person without an intermediary such as a bank or government agency. Coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP) all fall under this category. Tokens are digital assets that have certain functions attached to them.
The MATIC ICO
Matic Network provides an open-source platform that enables developers to build DApps on a sidechain and deploy them onto Ethereum, which simplifies the process of building DApps. The Matic token is used for transactions on the Matic Network and will be used to purchase products in the future.
The team is led by Dr. Viral Parekh (CEO), Sameer Gandhi (COO), Vishnu Sethi (CTO). Sameer Gandhi is also the co-founder of Mobile Coin, one of the most successful ICOs of 2018 so far with a market cap of over $800M USD. With three experienced advisors, it’s safe to say they know what they’re doing. In addition, the company’s advisors include Vinny Lingham – an expert on blockchain technology and CEO of Civic; Francis Pouliot – founder and CEO at Satoshi Portal; Adrian Lai – founder of KyberNetwork and CEO at NextEra Energy Services.
The MATIC Foundation
In order for a coin to be successful it needs a long term plan for development and success, a strong community with clear goals, and an active development team. The Matic Network has all three of these components.
By working together they can provide scalable dApps with low transaction costs, instant confirmation times, and secure smart contracts with no gas fees or surprises. Their blockchain is powered by Rootstock (RSK), which is a side chain to the Bitcoin network that uses the same UTXO model as Bitcoin so that coins already on BTC can be easily transferred to RSK. With RSK powering their platform and MATIC at the heart of their economy, this project will continue to thrive well into the future.
Where can I buy my first bit of MATIC?
If you’re interested in buying some of this coin, the easiest way to do so is through Binance. Head over there and open up a new account. Once you’ve done that, it’s time to trade your Bitcoin (or whatever crypto you own) for Matic. There are two ways to do this:
-The first option is to go to the Exchange tab at the top and search for Matic. You’ll see a bunch of trading pairs – pick one of them and click on it. For example, we’ll go with BNB/Matic pair.