Ever since the meteoric price rise of Bitcoin, the world is swept by the boom that is cryptocurrency. . While many have invested in Bitcoin to buy drugs early on, they have unwittingly become a millionaire. You now hear people driving lambos or going to the moons, just to name a few memes. However, there are real world uses for cryptocurrency. Without going into details, a great utility is to remove the middle man ie. banks in transactions. The idea is to be able to transfer currency across the world without paying fees or at least paying minimal fees.
The rise of cryptocurrency has allowed many new companies to obtain funding from the population by utilizing Initial Coin Offering (ICO). Start ups sell ICOs at a certain price to fund their ideas and the buyers can then use those coins to either speculate or use when the start ups become successful. However, there are a lot of ideas out there where the use of these coins are dodgy at best.
One of the few ICOs that I find use in the real world is GEMS. Briefly, GEMS removes the middle man when companies are outsourcing micro tasks. This allows the employers to pay less and the employees to make more as there are no third parties that need to be paid. Sort of like the Uber of microtask. You can learn more about it from their website: https://gems.org/
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