Cryptocurrency has suddenly become popular that everyone wants to be in on it and investing in a cryptocurrency is all the rage now. Trading in cryptocurrency has proven to be profitable over the years.

There are over 1,500 cryptocurrencies in the world and they each have their purposes. Some cryprocurrencies have unique purposes while others have similar purposes.

Behind each cryptocurrency, there is a development team and therefore a purpose. Most of the cryptocurrencies seek to offer solutions to existing problems while some are considered to be shit coins, which means they have no true purpose and therefore no lasting value and are likely to become totally worthless in future thereby making them bad investments for the masses.

This is why adequate research is important in order to obtain adequate knowledge on the cryptocurrency you wish to invest in.

When researching a cryptocurrency, you are expected to make your research on the white paper and road map of said asset.

WHITE PAPER

A white paper is an informational document that explains the operation, the purpose and the expectation of the technology . It contains relevant information that differentiates the technology from others and persuade people to support and invest in the technology.

ROAD MAP

A road map is a schedule for the planning of a project detailing the objectives and approximatel deadlines for achieving each (either long term or short term). It is commonly organized into events which detail the relevant phases of the project starting from the lunch date of the project to a particular timeline in which the project is expected to have achieved a specific purpose. It is a strategic vision that ensures the focus of the development team behind the project.

Now having been able to established the basic of Whitepaper and Roadmap, let me move to explain my fictional Blockchain Project

My FICTIONAL BLOCKCHAIN PROJECT

Agrospace coin (ASC) BLOCKCHAIN PROJECT

White paper

Agrospace coin introduces a block chain architecture designed to benefit our astronaut and by association, our scientific world.

Agrospace coin (ASC) has been created on 15th September 2019 by Georgina W. Stochastic and her development team with the purpose of growing food and making organic supplements in space for the astronauts and research team in space.

For as long as can be remembered, our outer space research has been limited. While we focus on working to upgrade our technology for space travel, we are faced with one vital problem which is the long term sustenance for our spaceflight crews and how we can prolong it in order to travel farther into space for more research on the earth's surroundings.

ASP exists to ensure that such vital need is met. We will not only provide the food for the sustenance of our space heroes, but we will make a standby greenhouse for such needs in the future thereby creating a refreshing atmosphere which is a psychological benefit to spaceflight crews.

@imagen

This will also result in the metabolizing the carbon dioxide in the air to produces valuable oxygen and control the cabins' humidity. The vegetables grown can also supplement their diet. With the comfort of our space heroes achieved, we would single handedly increase the possibility to travel farther into space.

At the prelaunch we were able to raise $500,000 in a week through the sales of our high grade technologies. We will be raising $30,000,000 yearly and our partners will benefit 40% of the profit.
ASP will make a total of 300 million tokens. At this initial stage, there will be a disbursement of 100,000 tokens every six months to our beloved supporter until we have disbursed the total of 1,000,000 tokens.

Agrospace coin (ASC) Road map

FIRST MONTH

PHASE ONE
Archive the technologies to be sold. Disbursement of a total of 100,000 tokens.

PHASE TWO

Send a research team to scout the space for suitable area for a greenhouse.

PHASE THREE
Buy a land on a planet and build a storage for the technology

SECOND MONTH

PHASE ONE

Buy the supplies needed for the food to be planted

PHASE TWO

Enlist top researchers and astronauts for the assignment.

PHASE THREE

Send supplies for the manufacturing of the greenhouse

THIRD MONTH

PHASE ONE

Brief our partners and sell shares.

PHASE TWO

Sell the technology at the highest bidder.

PHASE THREE

Build the greenhouse.

To conclude, let me add some little information to this homework task as said in the homework task

ADVANTAGES OF INVESTING IN CRYPTOCURRENCY

1. Investing in cryptocurrency investment have the potential to general huge profits than that of the fiat currency.

2. Every transaction is made public and can be monitored.

3. Cryptocurrency is easily accessible 24/7.

4. Users have complete control of their funds.

5. Users enjoy the privilege of being anonymous
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6. The transactions fees are quite low compared to that of the fiat.

7. It is more secure.

8. Users enjoy the instant transfers that can be made to anywhere in the world.

9. There are no restrictions on payments.

10. Cryptocurrency gives protection against the rising inflations of the economy.

DISADVANTAGES OF INVESTING IN CRYPTOCURRENCY

1. The cryptocurrency market is highly volatile. Just as there is a possibility of making enormous profits, so is there a possibility of making enormous losses.

2. Unlike fiats where transfers can be reversed, there are no such privileges with cryptocurrency as the transactions are irreversible.

3. Cryptocurrency is not universally accepted.

4. Prices of a cryptocurrency can be manipulated.

5. Storing cryptocurrency is becoming risky due to hackers that steal from people's personal wallets.