My First Cryptocurrency Investment: XinFinJanuary 28, 2019
Back in 2017, I remember when I was new to cryptocurrency investing; I read a report on a project based in Singapore called XinFin. I read the report several times and it gave XinFin high praise and recommended it as a “Buy.” Up until this point, I had never invested in an Initial Coin Offering (ICO) before. For those who might not be familiar with what an ICO is, let me share with you what I read on Wikipedia:
“An initial coin offering is a type of funding using cryptocurrency. Mostly the process is done by crowfunding but private ICO’s are becoming more common. The tokens sold are promoted as future functional units of currency if or when the ICO’s funding goal is met and the project launches.”
Even though the article gave positive reviews on XinFin, I continued doing my due diligence by reading many other articles on XinFin as well as reviewing their website. Frankly, I was a bit nervous. I wanted to make sure I was making the right decision before I invested my money into my very first cryptocurrency. The more research I did on XinFin, the more I began to see the value of the team and the project.
When I finished doing my due diligence, I decided that XinFin was going to be the first cryptocurrency to invest in. I’m glad I did and have never had any doubts at all.
For those of you who are not familiar with XinFin, let me briefly tell you about them. But don’t take my word for it. Please do your own research and come to your own conclusions. Don’t make your investments decisions based on one news article.
What is XinFin?
XinFin (www.XinFin.org) is a Hybrid Blockchain technology company focused on international trade and finance. They have developed a highly scalable, secure, permissioned and commercial grade Blockchain architecture. XinFin Blockchain is powered by XDC01 protocol, which is built over the first of its kind Hybrid Blockchain architecture to eliminate the inefficiencies in global trade and financing and to enable institutions provide real time settlement as well as enabling cross border smart contracts.
XDC protocol is architected to support smart contracts layer, KYC/AML layer and price stability using it’s hedge pool for existing cryptocurrencies like Bitcoin, Bitcoincash, Litecoin and Ripple on it’s tradefinex.org platform.
Let me end by repeating some investment advice. Any investments you make should be done carefully and with due diligence. You work hard for your money and to make an investment without doing proper due diligence is like throwing your money away. Making wise financial decisions are the best decisions you make for yourself.
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