18 December 2020, 14:12
2 min reading
Palm Beach Research Group Editor Teeka Tiwari pointed out the great performance of CRPT token and noted to take a closer look at the emerging tech giant
Palm Beach Research Group Editor Teeka Tiwari pointed out the great performance of CRPT token and noted to take a closer look at the emerging tech giant. Last time he ranked CRPT as its #1 choice on his 2020 Phenomenon Playbook, forecasting a value growth of 700% for the upcoming two years.
Excerpt from the list of “most promising cryptocurrency investments for 2020”:
“It’s important to note that usage and growth doesn’t always immediately translate to higher prices. It’s the nature of early-stage investing in high-upside technologies. That’s why we use uniformed and small position sizing to weather the volatility of the early years. We don’t lose sleep at night if a project goes up 100% or down 40% overnight. Because at the end of the day, we’re looking for 10x, 20x, even 100x upside.”
CRPT is the fuel for all crypto-fiat transactions in the Crypterium Wallet. Every time someone makes a payment, a fee equal to 0.5% in CRPT is taken from the user’s amount and burned. This means the number of CRPT tokens will be reducing over time.
“Remember, Crypterium uses fees to burn CRPT and return value to token holders. In November, Crypterium burned 47,429 CRPT tokens. That’s the highest amount to date. And we expect a lot more as usage grows.”
Burning CRPT effectively removes tokens from the current supply, increasing its relative scarcity. Reducing the token supply drives CRPT price higher.
“The great part about Crypterium is the longer it flies below the radar, the more CRPT will get burned. That means each CRPT token held will represent a larger percentage of the remaining supply. This translates to more value accruing to each token in the coming years.”
Today, Crypterium is used in over 170 countries, leading the world’s most global crypto startups. Since the launch in 2018, more than 350,000 customers have registered in the Crypterium ecosystem. In the coming years we’re planning to attract more than 5 million users worldwide.