Today we take a look at a cryptocurrency called Blockport.
So what is Blockport? Blockport is a social-based, hybrid decentralized cryptocurrency exchange based out of Amsterdam.
So, as you are aware, I like cryptocurrencies that aim to solve problems and Blockport is one of those.
So obviously at the moment the processing or acquiring cryptocurrencies, isn’t the most straightforward procedure, especially if you’ve never done it before. To trade most coins, you need to have at least 2 accounts on separate exchanges in which the interfaces are often confusing looking. This often discourages beginner investors from taking the plunge. So, The Blockport team is attempting to solve this by adding liquidity, security, transparency, usability, and education to the current landscape.
Now, if you follow the channel you’ll know I really like ETHOS and what they are trying to do, so naturally, I was drawn to Blockport.
So Blockport states,
“we bridge the gap between the crypto economy and the traditional world of finance to shift towards a digital and decentralized society.”
So essentially, Blockport will allow you to buy many more cryptocurrencies that are available now from the likes of coinbase via its FIAT gateway. Now in order to find the best prices and a give the ability to use your FIAT currency on a wide range of cryptocurrencies, Blockport’s trading platform is connected to multiple crypto exchanges. This allows you to benefit from different markets in a single dashboard.
So one of core elements to Blockport, is the ability to copy trade or social trade. This basically means you can connect with other traders, follow their trades and copy them exactly. In the regular trading markets, there is lots of platforms that do this, and although I don’t particularly like them, they are hugely popular. This could be a massive selling point for Blockport!
Now if you are someone that does like to make a lot of trades, Once you do start trading and gaining followers, you will be rewarded with Blockport Tokens (BPT). This is essentially how copiers pay to copy your trades.
Why should we purchase it?
Another thing I like to look for is, how exactly the token or coin can be utilised. So in this case, BPT can be used in 2 ways. First, you can pay your trading fees with it and secondly, you can use it to pay your copy fees. If you remember early I mentioned copy trading, well there is a small fee attached to this. Obviously, traders aren’t going to share their trades for free, especially if there are been successful. So, as this platform grows, this should create more demand for the token, which in turn should lead to an increase in price.
Another thing we see with Blockport is, they appear to be reaching their targets on their roadmap, and according to that, we can expect a beta release this month. This should have a positive impact on the price. Indeed, the road maps suggestions the next few quarters should be very exciting with a lot of releases coming out.
The current price of 0.35c is just below the ICO price and I feel that now is a great time to add this cryptocurrency to our portfolio
Remember, this is not financial advice, I am merely talking to myself out loud. Always do your own research before investing in any cryptocurrency and only invest what you can afford to lose.
You can check our video below on this cryptocurrency: