AION is a cross blockchain compatible protocol.
The total market cap of its coins is around 6.3 billion USD including un-mined coins. It has a browser extension based wallet called AIWA that supports a 12 word key phrase to restore wallets.
I was first introduced to the 12 word key phrase for security in the Electrum wallet for Bitcoin. Back in 2013, I wasn't sure how to save the key phrase for multiple years without saving the information on google emails so I did not actively use Electrum for storing my Bitcoin.
I'm not buying Bitcoin today because it has the highest transaction fees especially when withdrawing from exchanges. Ethereum is also relatively expensive to withdraw from an exchange. I found AION to be one of the cheapest coins of the advanced protocols out there to withdraw from an exchange.
I followed AION's founder, Mathew Spoke, on Twitter. He seems to be a credible person to run a business. I'm hedging my stock market investments with cryptocurrency instead of gold.
Gold is too expensive at USD 1,200/ounce to hold considering the production cost of gold is around 700 USD/ounce in Peru which is the least expensive place in the world to mine gold (https://www.americanbullion.com/the-cost-of-producing-an-ounce-of-gold/).
Even if I do buy gold, it wouldn't be physical gold since paper gold/GoldBees ETF units are more liquid.
When making an investment in bullion or cryptocurrency, one should look at the price premium earned by miners to gauge when the market is overvalued or undervalued. Cryptocurrencies such as AION have a 16 cent profit earned after a 24 cent cost per day of mining which is almost the price premium of gold. AION has a 66% price premium while gold has a 71% price premium.
It is cheaper to invest in AION than in gold today so that's why I'm hedging my stock market investments with cryptocurrencies.
The total market cap of its coins is around 6.3 billion USD including un-mined coins. It has a browser extension based wallet called AIWA that supports a 12 word key phrase to restore wallets.
I was first introduced to the 12 word key phrase for security in the Electrum wallet for Bitcoin. Back in 2013, I wasn't sure how to save the key phrase for multiple years without saving the information on google emails so I did not actively use Electrum for storing my Bitcoin.
I'm not buying Bitcoin today because it has the highest transaction fees especially when withdrawing from exchanges. Ethereum is also relatively expensive to withdraw from an exchange. I found AION to be one of the cheapest coins of the advanced protocols out there to withdraw from an exchange.
I followed AION's founder, Mathew Spoke, on Twitter. He seems to be a credible person to run a business. I'm hedging my stock market investments with cryptocurrency instead of gold.
Gold is too expensive at USD 1,200/ounce to hold considering the production cost of gold is around 700 USD/ounce in Peru which is the least expensive place in the world to mine gold (https://www.americanbullion.com/the-cost-of-producing-an-ounce-of-gold/).
Even if I do buy gold, it wouldn't be physical gold since paper gold/GoldBees ETF units are more liquid.
When making an investment in bullion or cryptocurrency, one should look at the price premium earned by miners to gauge when the market is overvalued or undervalued. Cryptocurrencies such as AION have a 16 cent profit earned after a 24 cent cost per day of mining which is almost the price premium of gold. AION has a 66% price premium while gold has a 71% price premium.
It is cheaper to invest in AION than in gold today so that's why I'm hedging my stock market investments with cryptocurrencies.
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