What is POE(Po.et)? Should you invest in it?
Po.et (POE) is an Ethereum-based decentralized ledger designed to track and manage ownership, attribution for creative digital media assets.The Po.et Crypto project is of particular interest to me since I write content and could use Po.et in the future to authenticate and timestamp my articles.
I already know that I would use Po.et to authenticate my content and many other publishers would also do the same but can Po.et prove to be a worthwhile investment for crypto investors? I will be reviewing Po.et as an investment and be covering key areas that I believe are essential to consider before making a considerable investment in a cryptocurrency. The critical areas that I will analyze in regards to the Po.et project.
The core technology of Po.et is proof of existence, the first non-financial blockchain application. It is a platform for authorization and distribution of digital assets, and it aims to become a universal distributed ledger for digital assets including text, photos and videos. Also, Po.et is incubated by a well known media firm, bitcoinmagazine.com, and its token name is POE (it has been listed on Binance, one of the largest cryptocurrency exchange platform in the world).
Should you invest in POE cryptocurrency ?
Well, definitely yes. Please don’t get surprise when I say that I strongly beleive that POE is going to rise to $5 upto the end of 2018. After knowing the reasons why I say this, you will be convinced too. Many of the investors say that POE is the sleeping giant. But it’s not sleeping anymore. For a month, Po.et (POE) tokens went up 1,562.20% from $0.008212 for coin. For 100 days POE is up 1,562.81% from $0.008209. It traded at $0.00 (non existent) 200 days ago. Po.et (POE) has 3.14 billion coins mined with the market cap $428.83 million. It has 3.14 billion coins in circulation. It was founded on 08/08/2017. The Crypto POE has proof type and operates under algorithm.
- A small initial market cap - It only raised 10M USD in its ICO in the then bullish market, the lowest among the industry. A initial cost of a POE was just 0.006 USD. It simply asked for the reasonable amount of funds from the community.
2. The development team is of high standards. It has published its alpha version of Po.et even before ICO.
3. It has a strong advisory board. Bo Shen from Fengbushi Capital, Anthony Di Lorio, the founder of Jaxx, Mike Gernamo, Chief Media Officer from Vice Media and other senior professionals from BBC and Yahoo comprised its as the advisory board. It is worth mentioning Vice Media has values over 5 billion USD. The resources available to Po.et is perfectly matching the project itself, a project that aims to help digital media revolutionize its way to create and distribute contents.
4. The Po.et community is well-managed. The project has a strong team responsible for localizing its information to the Chinese community(see here or here on wechat both prior to and after its ICO. China is just a important market and a strong presence there is really important. Many western projects simply are not able to enter the Chinese market.
5. Technical indicators at trading level show that Po.et has become target of big funds . Po.et set maximum of 50,000 usd for individual investment therefore its tokens are highly distributed.(you can also see this via etherscan.com) 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. 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. Only a token that is valuable is able to support a big market cap
6. The commercial logic of the project is very clear.The team has made explicit its whitepaper that it will focus on business clients in the initial stages. It is evident that publishers and big media are the ones that concern copyright first. To focus on business clients is really a wise approach.
7. It has a reference project with the same concept regarding its market cap. A Chinese project called yoyow is sort of doing the same thing and its price has been up by more than 10x( it has been listed on Bitfinex) . Investors should expect that Po.et will have the same potential.
8. It literally hasn’t begun to launch its publicity campaign.- And the only exchange with trading volumes it has be listed is just Binance. If Po.et is listed on other exchange platforms in the near future, it will have a way bigger room to grow. (some people say they have seen test tokens sent to Bittrext test wallet)
It is for all the reasons above that I do believe cryptocurrency this could be one of the best investment you would make in 2018.
How to buy POE?
Binance is the best platform to buy POE. To purchase POE coins, you need to have Ethereum, Bitcoins, or any other top altcoins. It is better to buy Bitcoins or Ethereum in the market and then you can easily use it in Binance to purchase POE crypto coins.
- The first thing you need to do is you need to buy Bitcoins from websites like CoinBase, ZebPay, BlockChain (UnoCoin). All these websites would ask you to verify your account with your real identity. So signup and immediately upload your verification documents. I personally use Coinbase as it is very easy to use and it is widely recognized wallet.
- Once you received your bitcoins, signup on Binance.com which is an Official crypto exchange website. This is one of the most popular websites for crypto trading. POE is only available on Binance as this is a new cryptocurrency. Click here to signup on Binance to buy POE cryptocurrency at the best price.
- Now go to the “Deposit Withdrawal” section and click on the Bitcoin (BTC). It will show you a unique BTC address. You need copy this and go back to your wallet where you bought bitcoins/etherium. Now, send an amount of BTC you would like to transfer to Binance.
- Once you have completed the transaction, Added BTC will show up in your Binance account within an hour. Yes, it takes some time to complete the transaction.
- Check your account after around an hour and you will see your BTC in your Binance account. Now click on the Exchange “Basic” and search for POE/BTC exchange. There are hundreds of other cryptocurrencies also listed over there.
- Enter the amount of POE coins you want to purchase and it will show the total amount of BTC in the column below. Once you click on the Buy button, amount of IOTA will instantly get exchanged from your Bitcoins and you can check this onFunds –> Deposit Withdrawal option again to make sure you have received the POE coins.
Well, this was all from my side, hope you guys enjoyed reading this answer and have started thinking of investing in POE cryptocurrency. Share this article with your friends and if you any comments and suggestions feel free to write them in the comment section.
Cheers.
