BITOTAL / TTT COIN REVIEW – WHAT YOU SHOULD KNOW

in #cryptocurrency7 years ago (edited)

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I am sure most of you must have heard about Bitotal or TTTcoin and also like to know more about this new innovation that is making huge waves in the crypto world, most especially for those who are looking to invest in cryptocurrencies.

As we all know, cryptocurrency technology has really proven so far that very soon, the way we spend and earn money in the future will be substituted. Also, the way Altcoins have started coming up with new and innovative cryptocurrency technology, we MAY as well not be surprised if some Altcoins start giving Bitcoin a great push or probably overtake it and from the look of things, TTTCoin could end up being one of them.

TTTCoin is a very new altcoin from BITOTAL, a Dutch based start-up offering software solution for middle and large industries. Recently, Bitotal started an Initial Coin Offering (ICO) in July 1st which will run till 31st August and will enable investors to buy the first tokens with a discount. In the first 15 days which ended few days back, the coin was fixed to 1 dollar, and recently it has started increasing accordingly with demand until and after the end of the ICO. It was also noted on their website that the price for each token will only increase and for no reason decrease.

Now, I know the next question that would be running through your mind now is, ‘HOW IS THIS POSSIBLE AND HOW DOES THIS WORK?’… Just sit back with your cup of coffee and I will explain everything in details.

WHAT IS TTT AND THE IDEA BEHIND THE COIN?

TTTCoin is the first ever cryptotrading index that offers a very unique algorithm and was invented with the intention to simplify developers language and to make digital business opportunities accessible for everyone. It is a digital currency created from a CPU bound POW algorithm and a financial index with a selection of trading exchange assets which investors can use as an indication of the whole Altcoins market.
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The algorithm of TTT guarantees a real relationship with every tick movement of the largest cryptocurrencies. The coins picked for the index are the 20 biggest for market capitalization which means a buy of the TTT coin is equal a buy of the selected Altcoins at once but for obvious reasons a sell that occurs after another sell doesn't affect TTT at all.

Therefore, in a nutshell, TTT price is based on the average price of the largest market capitalisation altcoins. For example, the average price of the first 25 currencies measured on 1st May 2017 was $12.5 per coin and if the most expensive 5 currencies were excluded, the average price for the remaining 20 currencies will be $7.20 per coin. There in between ($7 and $12.5) is where TTT value will be set. Note that, this is based only on the market value of the best altcoins but, due to the fact that the TTT price is also based on the Bitcoin price, the average would be much higher. You can view the present charts of TTT here (http://bitotal.com/charts.html).

If you are a cryptocurrency trader, you must have noticed that every increase in price of the Bitcoin coincides simultaneously with a decrease of the largest Altcoins and viceversa. With this in mind, Bitotal made the decision to improve the algorithms of TTTcoin using the scenario that Bitcoins or Altcoins are dependently bought based on each other’s price movement which would not only have huge potential in the financial market but also in the real world and daily life. It is also very good to know that the Dutch government understands this project to be a ground-breaking one and decided to support it financially.

Nevertheless, I believe every experienced investor should know that in the financial market environment, nothing is predictable and that the price of each stock is made by the market itself and every investment is made for speculation and with the intention to buy low and sell high. I believe this was the concept behind the idea of a cheap initial price of the TTTcoin to stimulate investments in the ICO and to be able in the long term to create a stable and durable currency, which would make the small amount of tokens available and the full premine to prevent dump and volatility. Bitotal also expect to use the ICO opportunity to develop the TTT technology further for commercial use in the middle and big industry. If I must say, this is a very good project with great potentials.

Also, TTT gives the opportunity to trade digital currencies faster and much more effective than the usual way we have been trading and this new technology will obviously create a passive income for the investors.

Here is a quote from Bitotal's whitepaper;

Right now we already have miners who are for example generating bitcoins tokens in exchange of dollars. Unfortunately what we now see is that after a fair begin in 2009 where everybody could easily and cheaply mine BTC for a reasonable profit; we have now a situation where only a few people with sophisticated computers can still conveniently mine any coin.

We can't tell yet how Bitotal will jump in this market hole but we can say that in Q1 of 2018 we will introduce to the dutch market a revolutional but in the same way also traditional tool to make mining interesting for everyone.

We believe that everybody from rich to poor has the right to profit from the TTT technology and as matter of facts we will in the future only need a good internet connection to pay our bills.

This is a must read article from the Project Manager of this Innovative technology for greater insight. Click here to View!

In conclusion, The TTT coin is a revolutionary cryptocurrency that provides businesses with infrastructure to trade goods, assets, digital certificates and data securely. This technology is conceived to fulfil the two big deficiencies about decentralized digital currencies which are the absence of a financial tradable asset functioning as Altcoin index and the difficulty to bring the new technologies to the people. Also, with TTT’s technology, the value will always remain stable and durable which would make users profit from currency movements between Bitcoin and the largest Altcoins. This is a very good project and I believe every investor should approach TTT coin as a sustainable and prospective innovation to invest in.

Like most legitimate businesses similar to this one, this company's website consist of information about the company owners, stakeholders and management teams. You can find the proud team behind TTTCoin here on their website as well as their roadmap here.

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