Those familiar with cryptocurrency may attest to the fact that it is very difficult to predict what will happen next in this ever-growing industry. Everyday more people around the world are becoming aware of cryptocurrency. Bitcoin, being the first cryptocurrency, has laid a solid foundation for the development of other cryptocurrencies i.e. using blockchain technology. Ever since Satoshi Nakamoto created Bitcoin, many other developers have come up with different cryptocurrencies using the blockchain platform. Now, on to the latest cryptocurrency which is in its Initial Coin Offering phase — it goes by the name of PRO. Let us see what PRO cryptocurrency has to offer:
According to Crypto Announcement, PRO just like Bitcoin is designed to use blockchain technology. Its developers claim they are targeting the E-Commerce industry where merchants can receive payments on a secure platform. They say, since most consumers are determined to save, they will create an application where consumers will receive crypto-rebate rewards through the coin-back platform. The coin-back platform works as follows: incentives will be offered to online consumers who will shop at their favorite shops and become speculators.
The Initial Coin Offering (ICO) commenced on Jan. 18, 2017 and it’s expected to run for 40 days meaning it will end on Feb. 27, 2017. 15 billion coins are to be offered and each coin is to be sold at a fixed rate. Currently, the price is $0.30 per coin but the price will rise to $0.035 on Feb. 4, 2017.
The developers believe that PRO cryptocurrency, just like other cryptocurrencies, will gain its value from involvement — hence the 15 billion coins, which will make it a social coin.
If you are there thinking that this ICO is a scam, relax, because it isn’t. The developers will hold all the unsold coins in Escrow, and all the Escrow addresses will be shared with the public to maintain transparency. According to Bitcoin Talk, make sure you always use an Escrow service to reduce the chances of getting scammed.
Just to discuss a few pros of this new cryptocurrency: due to the fact that it uses blockchain technology, each and every transaction is validated by multiple sources. This means it’s impossible to create fraudulent transactions. Another advantage of this cryptocurrency is there are no floating exchange rates involved, hence no additional costs such as brokerage costs. It is also very simple to use and therefore user friendly. The only con I can think of is the fact that PRO is relatively new in the industry, and hence untested. But that is not necessarily a bad thing.
Most of the cryptocurrencies users like them because of their decentralized nature i.e. they are not controlled by the government — or by anyone for that matter. With PRO cryptocurrency, you can continue enjoying that freedom. Its developers have referred to it as “the future of E-Commerce”. Well, I can’t verify that for sure, but this cryptocurrency is certainly worth a try. To all cryptocurrency lovers hurry up before the ICO ends and get yourselves this coin and enjoy the incentives being offered. For more on this new and exciting cryptocurrency visit: http://www.cryptoannouncement.com/.