βWho you gonna call?β #Crypto myth busters! π»
Time to turn on the fact checker for 5 common myths and help people step closer to financial freedom πβ
If you know someone who still believes in #Web3 ghosts, share this clear infoπ§΅π
β Myth #1: Crypto is not backed by anything, so... it has no value β
β Truth: The value is determined by supply and demand, just like any other asset in the market. While some cryptocurrencies are not backed by traditional assets, they have value based on their function.
β Myth #2: Crypto is only for tech-savvy people β
β Truth: Crypto and #web3 are becoming increasingly accessible and user-friendly for any common person with an average level of internet knowledge. Regarding #cryptopayments, #Utrust is easy to use, even without experience.
β Myth #3: Crypto is a trend that will fade away β
β Truth: The underlying technology and concepts of decentralized finance and digital assets are here to stay. Its value & advantages have already been proven.
β Myth #4: Crypto is not safe β
β Truth: Crypto transactions are secured by advanced cryptography and safer than traditional financial transactions (often vulnerable to hacking and fraud).
The rule is: DON'T SHARE YOUR KEYS π
β Myth #5: Web3 is a replacement for Web2 β
β Truth: Web3 is designed to address nowadays issues, such as centralization and the lack of privacy and control.
Both can coexist and complement each other. This relationship will evolve in ways that are yet to be fully understood.
All of this is relevant because thereβs no space for growth and freedom without access to reliable information βΉοΈ
The unwavering potential of UTK is putting pressure on all of us - and to assure a transparent, inclusive process for everyone involved - xMoney is thrilled to be launching the very first $UTK Referendum this summer:
β Fact: The proposal suggests a maximum supply of 1,051,731,810 UTK (350 million less than UTK 2.0). Staking rewards come from fees, not from increasing the max. supply.
β Myth: The model doesn't influence merchants to increase sales
β Fact: With the proposal, co-marketing actions take center stage, allowing merchants to launch campaigns w/ specific pools & buyers to receive cashback. They can grow their brand & increase sales.