Kringle Coin Review
A brief history of money, currencies and digital currencies.
MONEY, PAPER CURRENCY & DIGITAL CURRENCY.
Money, has taken different forms from time to time. When humans invented money they also invented debt. Money is a medium of exchange,a unit of account, portable,divisible, durable, fungible(interchangeable) and store of value.
Paper/fiat currency, is backed by the peoples's confidence and trust. It has similar characteristics as money except that it is NOT a STORE OF VALUE. All paper/ fiat currencies go to zero, because it loses value form time to time, when there is too much currency supply.
WHAT IS DIGITAL CURRENCY?
The simplest and understandable way of defining digital currency is this. Digital currency is simply intangible money existing on a digital platform or electronic device. Examples of digital currencies; Kringle coin, Bitcoin, Ethereum, Stellar, Ripple, Dash coin and bitcoin cash.
GOING DEEP INTO DIGITAL CURRENCIES.
All the above currencies exists on a block-chain platform of which, it is far above the control of any man, government and elites. It is an open ledger, secure and cheap when transacting.
Bitcoin was the first digital currency which was created in the year 2009 buy a guy called Satoshi Nakamoto, who wanted to change the banking system, to reduce the cost of transaction fees and to create a currency which is decentralized.
There are over 2000 digital currencies in the world today, of which each currency, was created with a different concept, in order to rival Bitcoin in terms of usability, and therefore affecting the markets.
Block-chain is the latest technology which enables one individual to move digital assets, money or coins to another. Bitcoin is an example of digital money or asset, it is NOT block-chain.
The problems block-chain solves:
Money today is transferred from one person to another through a 3rd entity, thus the transaction cost becomes expensive. For example; if John wants to transfer money to Paul into bank his account, he cannot do it directly, he first must go through the bank (3rd entity) so that Paul may receive the money.
Block-chain intends to remove 3rd party entities between John and Paul, buyer and seller.
2. To reduce the cost of money transfer, by removing 3rd party entities.
3. Block-chain tech, intends to become faster than any other medium of exchange.
4. Is able to solve corruption issues for it is a distributed, public open ledger.
NOW, THE EVOLUTION OF KRINGLE COIN.
Kringle coin, is very unique and different, not only in its block-chain tech, but also in it's concept. It is the 3rd fastest money-transacting platform in the world today, with bitcoin being 11th.
It was created in 2016, and from that time up to now we have witnessed a great growth, in terms of merchants acceptance as a mode of payment globally. It has achieved many things within a short period of time, of which bitcoin took 8 years to achieve. But nevertheless, bitcoin acted and acts as the foundation and father of every currency existing today.
It is centralized, meaning that it has an administrator who monitors and controls everything, but before condemning this currency let us look at the advantages or benefits of it.
The price of Kringle coin fluctuates according to gold standard. This currency stands out from all the other currencies because of its connection with gold.
WHO IS THE CREATOR OF KRINGLE COIN?
KRINGLE COIN is a result of a team effort. The team chose to refer to the Creator of KRINGLE COIN as Kris Kringle.
MISSION & VISION STATEMENT OF KRINGLE COIN.
Our Mission, is to serve one another with love and respect and use The Kringle Coin to lift humanity out of hunger, poverty, and misery.
May the scales of ignorance fall from every person we touch; and may they embrace a life full of abundance and prosperity as they accept the offer of free membership within The Kringle Coin community.
It is our strong desire to see our community expanding, through hard work in our responsibilities as members of a global community, to bring in merchants of all kinds from every corner of the Earth to accept Kringle Coin as a payment method for their goods and services.
BENEFITS OF TBC/KRINGLE COIN
Let us face the truth that, a decentralized currency, makes it easier for money laundering, swindling and theft. And so, many discourages digital currency especially those with authority because of their decentralized nature and it's effect.
The benefits of Kringle coin are:
- You get to be a member in the Kringle coin community globally, and to take part in the ongoing evolution of the admin, to make 1 million billionaires and 1 billion millionaires.
- The value of Kringle coin is linked with gold in that, whenever the price of gold rises or drops (fluctuates) also Kringle coin rises and drops (fluctuates). In other words unlike the other currencies whose value is determined by usability, it's value is determined by the market forces (supply and demand) of gold.
- You and your loved ones will get the financial freedom that is not dictated by the political and economical climate.
- You can get access to the products, goods or services in any part of the globe which merchants offer.
THE GROWTH VALUE OF KRINGLE COMMUNITY.
The growth of Kringle Coin Community is daily worldwide. When YOU join Kringle Coin Community by becoming a member, YOUR MEMBERSHIP adds VALUE to the community which is equal to the value of a grain of gold (Currently valued at 2.8 euros).
The growth of the community will establish, more cashing out methods and elevate the standard of living in many people's lives.
© 2019 Stanley Masiga