Thread by @CryptoGirlNova

1) In today's market it's increasingly hard to select high quality cryptocurrencies.

Most eventually fade away and as such we need to search for the best fundamentals.

A thread🧵on $XPR and why you should take a look at this cryptocurrency.

Read on 👇

@ProtonXPR #Proton #XPR

2) Cryptocurrency has come a long way from the early days of its creation.

No longer are the days there were only a handful available and difficult to purchase or access.

We've also seen countless of useful Dapps being developed that show the markets potential.

3) Something that hasn't yet been completely streamlined yet is "user friendliness".

Integrating cryptocurrency in our "traditional everyday finances" is still quite "troublesome".

We've seen great advancements in certain areas through "crypto payment cards".

4) As well as other involvements making this process easier.

XPR is a cryptocurrency on a unique blockchain network that is committed to making things easy for everyday consumers.

They keyword right here really is "EASY".

Simplifying things as much as possible.

5) It strives to integrate blockchain, traditional finance and Web3 into one interconnected system that is both compliant and sustainable.

With Proton's crypto wallet, you can easily pay for anything in any currency, anywhere in the world.

6) Isn't that the same as other blockchains and projects are also doing?

It is. Up untill now there's not much that differentiates Proton from others.

The real unique value Proton provides is in the next propositions I will mention.

7) Account names.

Proton uses human-readable names instead of complicated letters and numbers for wallet addresses.

You get to pick your own account name like picking a Twitter handle.

8) Blockchain migrations.

Proton allows app developers and users from other blockchains to easily migrate to and from the Proton Chain.

Various other cryptocurrencies can be transferred to the Proton blockchain through "wrapped versions" of them.

9) Fast and completely gas FREE.

Proton Chain allows users to transfer XPR across the network completely free.

It's also able to handle 4000 transactions per second at 3-minute finality.

10) Developer friendly.

App developers don't have to worry too much about regulatory compliance, such as Know Your Customer (KYC).

The blockchain helps to connect app developers with a KYC store, which is a secure database where identity checks and verifications can be done.

11) Important to add simply receiving and holding XPR in your own wallet does not require you to go through KYC.

Regulatory compliance however is often good for business.

If Proton Chain supports app developers, the network may become increasingly valuable for businesses.

12) Since Proton has its own blockchain protocol it also had smart contracts available.

This opens up the creation of an entire ecosystem of various Dapps where XPR is central as a currency.

13) Decentralized exchanges (Proton swap), Liquidity pools (Proton swap), digital identity (Proton sign), NFTs (Proton market), Proton wallet and many more...

Are all examples of Dapps that offer added utility and unlimited possibilities on top of the Proton blockchain.

14) Proton tokenomics.

The initial total supply of XPR was 10 billion tokens.

There's an annual inflation of 5% which goes to:

-2.5% to block producers
-1.5% to XPR stakers
-1% to the Proton Steering Committee.

This brings today's total supply to 13,8 billion.

15) If coingeckos's info is correct positive to note is that ALL of the circulating supply is already released.

This means no token unlocks incoming which might potentially add more sell pressure to the market.

This makes it more interesting for retail in today's market.

16) Can't share the good without the bad (full transparancy).

A little bit more concerning is that according to some data I found from a few months ago (unlikely to have changed dramatically) is that the top 100 wallets own 98% of the entire circulating supply.

17) More than 60% of this however is on decentralized exchanges and loan protocols so the 98% is not entirely accurate BUT it's still high nonetheless.

This is not always harmful if they compromise of long term holders but it does add certain risks to control.

18) A certain decision to sell by an individual big holder can have a huge effect on the market after all.

It would be very interesting to find information on how much the founding team and early investors currently own.

Feel free to add info on this in the comments if you know

19) Proton is the product of two companies’ vision.

Metallicus Inc. is a peer-to-peer payments platform, while Lynx is a blockchain app developer.

The two combine their field to produce the compliant, intuitive, and versatile Proton Chain.

20) Co-founders Marshall Hayner and Glenn Mariën act as CEO and CTO respectively.

Hayner founded the blockchain companies QuickCoin and Block.io.

Mariën developed the first online wallet for the biggest memecoin "Dogecoin".

21) My takeaways:

The cryptocurrency market has become increasingly popular the last few years.

The lack of regulation and protection however has made investors vulnerable to hackers and scams.

Proton aims to solve the roadblocks that the current crypto market is facing.

22) Proton offers a solution by integrating trust in identity and compliance.

Added to this it really aims to make cryptocurrency as easy and simple as possible to integrate it into our everyday lives.

23) Using their wallet and blockchain today you'll notice how easy and fluent everything is.

XPR could be a serious contender in today's market and I for one am very interested into how it will play out.

Definitely visit their website to know more: Proton.org

24) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.

I also research the communities top voted cryptocurrency every sunday so you can keep track of all the most exciting projects.

Your favorite writer Nova ❤️

25) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.

Everyone deserves free knowledge 📘

Love you all ❤️

First post 👇

https://twitter.com/CryptoGirlNova/status/1561464764835971076?t=CEnGE7JzwRZ8wZQctIgQXQ&s=19