More than 800 cryptocurrencies are “Dead” A “Bubble” or the Natural Selection of Coins

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Recently, the development of cryptocurrencies is dramatic. The financing amount of capital raised through Initial Coin Offering (ICO) has reached 3.8 billion till July, 2018.  However, in the reality, there are more than 800 cryptocurrencies are considered “dead” as their market value are less than 1 penny in USD, which is less than 0.1 RMB. Therefore, many investors are worried as the situation of the market of cryptocurrencies recently seems similar to the “Dot-com bubble” in 2000. Despite the fact that the value of most cryptocurrencies is dropping, there are still hope among the economists and they are positive to its future development. Arthur Hayes, the CEO of the exchange platform of cryptocurrencies BitMEX, even suggested that the value of Bitcoin might raise to 50 thousand USD at the end of 2018. Therefore, the phenomenon presenting now might not be a “bubble” but the natural selection of coins. Weeping out the weak from the strong.

Nowadays, most cryptocurrencies depend solely on speculation to increase their value with no realistic and actual supporting sources. As the result, despite the great potential of cryptocurrencies, the “ambiguous” and “virtual” nature is still a major apprehension that draw the potential investors back.

MSEC targets the drawback of current cryptocurrencies and provides investors a new but stable and “real” cryptocurrency as MSEC has actual productivity support but not relying on speculation. MSEC is a time leasing contract. Purchasing 1 MSEC token is equivalent to one second productivity of Mojo’s screened and invested projects. MSEC utilises blockchain technology to ensure that all data and information of every procedure and trade are opened to public. As long as the information is uploaded to blockchain, it will not be able to be tampered and with its strict monitoring system, MSEC redefines cryptocurrency as a safe, stable and transparent coin.

Relevant Article: https://businessfocus.presslogic.com/2018/07/03/article/67807/

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