Typical Questions I get asked all the time.
Lets start with the most simple Questions (under construction)
What is Blockchain?
What is Bitcoin?
What is a Utility Token? (ITO)
What is a Security Token? (STO)
A Security Token is a also known as a digital security. think of it like a share of a company or maybe even a corporate bond, however, it is in a token form. Tokens are able to be shares and transferred via blockchain, either peer to peer of via an exchange. Tokenising a company will Monday become common ground. allowing peer to peer transactions of stocks and shares (once the KYC and AML issues are solved around this)
What is an IEO
An IEO is an Initial Exchange offering. Back in 2016-17 thousands of ICO's (initial coin offerings) were taking place,
What is Mining?
What is Proof of Work
Proof of work
What is proof of stake?
What is a EIO (STO)
How do I get involved?
Reducing the Noise!
We have simplified the thousands of platforms down to a handful of tried and tested ways to buy and own crypto currency.
Libra Impact Digital Security
Based out of Abu Dhabi
A blockchain company that promises not follow the crypto currency volatility trend, as the token is pegged to a physical assets generating an income.
Libra Project has a unique vision to improve the lives of 100 million people by the year 2030 in line with the United Nations SDG goals.
This Company build and operates renewable energy projects out of Masdar city across the emerging Asia market. It has recently opened its Office at ADGM.
Libra Project is under the process of filing its Reg-D with the USA to make it the first regulated digital security offering of an ADGM entity.
Its digital security offering is structure through KoreConX protocol and is built on Fabric Hyper ledger. The Digital Security is called "LIBRA" it is not available to retail clients at the moment and is ONLY available to verified institutional and professional investors.
The company has a vision to create an ECO system that channels investment into Impact Projects across emerging Asia and Africa and trading the impact delivered through IoT devices with the day tat hasted directly into the blockchain. The impact will be shown live on Libra Project platform where live reporting of impact and financials will be show to platform participants.
This is a revolutionary vision of bringing social funding and impact together and the fair distribution of the wealth amongst investors. No more big bonus for board members and equal ownership and decision making on projects. Proven returns, proven environmental and social Impact on a distributed ledger.
Libra project is a fully incorporated company since 2017 with offices in London, USA, UAE.
For those looking to dive deeper into this sector.
Binance comes highly rated by both the experienced and the beginner. Binance is one of the biggest crypto exchanges. It's the go-to place to buy and sell crypto listing thousands of coins and tokens.
Positives: Widest choice available in one space, low fees. Supports most airdrops!
Downside: more complex to use, the choice can be overwhelming, difficult to deposit and withdraw funds, best to send bitcoin you already own to the platform and then make transactions.
Once you get your money on to the system it can be tricky to switch it back to AED or USD.
Top Tip: If you buy on an exchange like Binance it is good practice to store your coins and tokens in your own personal wallet and not on the exchange itself.
Local to the UAE
It can be difficult to buy bitcoin in an easy way. BitOasis allows you to buy a number of cryptocurrencies. I have used it to purchase bitcoin off my debit card (service no longer available) in the past and then send the bitcoin to Binance where I have exchanged it for multiple other coins.
Positives: Easy to use interface, secure sign-on process, good if you want to buy just the coins and tokens and not CFD trading.
Unsure about crypto? However, you still wish to send money internationally?
Banks often quote customers saying they are not going to charge a commission to move money from one currency to another, which is correct, however they add a very high spread on the actual exchange rate. For example the actual inter bank rate moving from USD to GBP may be 1.50 USD to 1 GBP but the bank will offer the exchange rate 1.58 to 1 GBP this is in fact a 5% fee added onto the exchange rate
Some places like Airport exchanges charge 12% spread and class themselves as commission free transactions.
Using an online exchange were, because they don't have hughstreet shops, bank branches. Expensive kiosks to operate can significantly reduce the cost to move money between currencies. Below is t ted and tested company that our team has used when transferring money into other currencies. The more you can save on currency transfers the more you will have in your pocket.
Easy to set up
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The information on this website does not constitute an offer, solicitation or recommendation for the purchase or sale of any securities or other financial instruments nor does it constitute advice of any kind, whether in relation to legal, compliance, accounting, regulatory matters or otherwise, a personal recommendation (as defined by the rules of the Financial Conduct Authority, or otherwise) or an expression of our view as to whether a particular financial product is suitable or appropriate for you and meets your financial or any other objectives.