If you are thinking about investing in cryptocurrencies, virtual or crypto currencies like Bitcoin and Ethereum are definitely by far the hottest investment product currently available in the crypto market. These inflexible and exchangeable cryptographic token promise to become a hard and non-manipulatable money for the whole world. Their supporters see a future in which Bitcoin or other cryptocurrencies will substitute fiat currency like Euro, Dollar and so on and create the first free and hard world currency.
In this article we will discuss such opportunity offered by Po.et crypto.
What is POE
Po.et (POE) is a shared (decentralized protocol), universal ledger that is designed for managing the ownership, attribution and licensing of digital media assets. Po.et is a continuation of Proof of Existence, the first non-financial application of the blockchain. By creating an open platform on the Bitcoin blockchain, Po.et aims to create the most institutional, globally-verifiable record of digital media assets.
Favours for adoption of Po.et
POE trade will transform the publishing industry by creating an immutable and distributed ledger for creative works that may serve as a platform for both centralized and decentralized media applications.
Licensing a digital media by using an existing license or by purchasing a new one is no difficult task. But, protecting and enforcing your license is a sure challenging job. But the same has been overturned by the revolutionary platform offered by po.et through stretching the branches of blockchain.
The platform developed by Po.et will sound appealing to creators as well as publishers. Creators will be able to prove the ownership of their content and prevent informal cribbing, while publishers can verify the content. Also, the bridging gap offered by this platform will help creators to find a publisher and in turn publishers can find a new content.
Being decentralized in nature, this system is invulnerable to the risk of power outage or a natural disaster in a specific centralized location causing the entire platform to fail.
Po.et was founded on 8 August, 2017 and it has been a sleeping a giant until now. It has published its alpha version of Po.et even before ICO, thus proving its high standards. It has published its alpha version of Po.et even before ICO. A Chinese project called yoyow is sort of doing the same thing and its price has been up by more than 10x(listed on Bitfinex). Investors should expect that Po.et will have the same potential.
Po.et set maximum cap of 50,000 USD for individual investors, therefore its tokens are highly distributed. The importance of this that the recent huge price up is result of external funds targeting Po.et even after its price has remained so low during the past few months. The external funds are doing so for reasons. Only a potentially valuable token is able to support big market capitalization. This is a way better signal than those tokens which are up only because some internal guys are manipulating the price, the consequence of which must be big dump afterwards.
Apart from all these indicators, this crypto is set to make progress by leaps and bounds, because of its unique and most useful utility. In the coming digital era, most of the contents will be published electronically and thus more safety tools will be demanded by publishers and owners of contents. Thus Po.et is set to play that important role in never ending digital process. Having said that, it is also clear that POE price will also play an important role in managing the total market cap of the whole market in near future. Thus, investing in this coin will prove to be a golden opportunity for sure.