ICO – Cryptocurrency Faucet Expert

TRAKX

This is the first time I am writing about an ICO in my blog. It is a little bit off topic in a blog about faucets, but it is closely related to the cryptocurrency industry anyway. And one of the most important reason I am writing this blog is because I think Trakx is a really good ICO project. Yeah, we all know that there are tonnes of ICO projects out there nowadays with most of them exist just to serve the pump and dump scheme. However, there are still gems out there with unique concepts and solid purposes. Trakx is definitely one of them.

Next, I will try my best to explain what Trakx does and why it is one the most promising projects I have ever rated. If you have some basic investment knowledge, then it will be much easier for you to understand what I am going to write later. First, I am going to explain about crypto trackers. Crypto trackers track the price of the cryptocurrency(ies) that act as their benchmarks in a form of digital tokens. This means that a crypto tracker’s value changes proportionally to the percentage change in the benchmark that it’s tracking. For example, if a tracker tracking the price of a basket of cryptocurrencies namely Bitcoin, Ethereum and Litecoin, the tracker’s value is going to increase or decrease following the value of this basket of cryptocurrencies. Let’s say if the price of Bitcoin surges, the tracker’s price is most likely to follow suit and increase as much if the prices of Ethereum and Litecoin do not drop too much. That was just a simple example I mentioned, things can be much more complicated than that but I hope you get a general idea on what a tracker does.

There are a lot of possibilities and potentials in crypto trackers. A tracker can track a basket of cryptocurrencies and the combination possibilities can be so many. A tracker can also be priced inversely against its benchmark. For example, if a cryptocurrency drops in value, the tracker’s value is going to increase proportionally instead. There are just so many investment options that crypto trackers can offer to us. For those who are familiar with the stock market, crypto tracker is pretty much the equivalent version of Exchange Traded Fund (ETF) in a stock market. While an ETF tracks an index, a commodity, bonds, or a basket of assets, a crypto tracker track the value of cryptocurrencies!

So, what Trakx has to do with crypto trackers? Trakx is going to provide a platform for the users to trade crypto trackers. The number of trackers available will be in one-to-one ratio to the reserve of cryptocurrencies that the platform is holding. Trakx is offering its own token, namely Trakx tokens (TKX) to be used in this platform to trade trackers. The launch of public crowdsale of TKX will be on 1st Jan 2019 until 31st Jan 2019. And they plan to list TKX on exhanges and launch the Trakx platform within Q1 2019.

Now, there is a bounty program ongoing for us to get free TKX before the public crowdsale. Join the program now before it is too late!