Mirox Crypto has identified the following main areas of investment with varying degrees of risk:
• Crypto mining.
• ICO’s (International coin offerings) and other early stage crypto technology development.
• Crypto trading.
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, or Bitcoin mining (for the most popular form of cryptocurrency, Bitcoin), cryptocurrency mining has increased both as a topic and activity as cryptocurrency usage itself has grown exponentially in the last few years.
Each time a cryptocurrency transaction is made, a cryptocurrency miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction. The mining process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions that are associated with a block containing the transaction data.
The first cryptocurrency miner to crack the code is rewarded by being able to authorize the transaction, and in return for the service provided, cryptominers earn small amounts of cryptocurrency of their own. In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.
ICOS (Initial Coin Offering)
An ICO (Initial Coin Offering) is a crowdfunding tool which enables companies to fund a Blockchain project. The company raises funds by accepting Cryptocurrency and monies in exchange for tokens. These tokens will either serve as a ‘utility’ (being required to utilise the application/rewards for a bounty programme) or a ‘security’ (being an investment vehicle which could result in financial returns such as stocks or real estate funds).
Cryptocurrencies are virtual currencies which operate independently of banks and governments, but can still be exchanged, or speculated on, just like any physical currency. Exposed to many of the geo-economics and political factors which affect traditional currencies, their value is influenced by a host of other unique dynamics, such as availability, wider acceptance, government regulation (particularly any indication of imposition), media coverage, technological advances and market manipulation.
In addition to these unique dynamics, Cryptocurrency trading remains one of the most volatile assets in recent history. Our Advisors have a prominent position in the market – seeing news events, market flow and knowledge of emerging Cryptocurrencies places them in an excellent position to capitalise on this valuable flow of information. Cryptocurrency trading has become significantly easier following the launch of a Bitcoin future on both the Chicago Board Options.