Why “Correct Crypto” Is Here to Stay

In late 2017, BItcoin hit its all time high value in market capitalization with a value north of $327 billion. One year later, we sit at $62.8 billion. While Bitcoin and other cryptocurrencies still sit at incredibly high values compared to the paltry values of 2010 (when one man claimed to have bought a pizza for 10,000 BTC… a value of nearly $200 million at Bitcoin’s peak), many are saying the glory days of crypto are long gone, while others say we’re just getting started.

While many have begun to look at cryptocurrencies as a form of security designed to be traded like a stock, the original intent was as decentralized currency designed to make purchases similar to more “traditional” currency. Though many crypto’s are no longer viewed this way by the general public, if utilized correctly, there is still vast opportunity to utilize cryptocurrency in business.

For example, WatchUGot is an application that allows individuals to create internet challenges in order to raise money for charitable causes (think, “Ice Bucket Challenge”), and while individuals can use traditional currency to make these donations, WatchUGot is also launching it’s own cryptocurrency called WUG coin that will allow users to make real donations directly the app utilizing the cryptocurrency. Users will be able to obtain WUG coin through common exchanges where it can be purchased, or though the gamification of WatchUGot that can allow users to obtain the coin by completing in app challenges. So, while WUG coin still possess aspects of a security designed to be traded, it also possesses real world application through the WatchUGot app, as cryptocurrencies were originally intended. Because of this, WatchUGot has created a huge opportunity for itself by allowing users to make charitable donations in the application through traditional currencies, and cryptocurrencies, taking advantage of a still new and developing market.

As cryptocurrencies continue to evolve, and crypto use cases continue to expand, there’s a huge opportunity arising for business that utilize crypto as more than a security, and take advantage of crypto for its originally intended use.

To learn more about WatchUGot and WUG coin, visit www.watchugot.co