Press Release

PROPAGATE, OPEN THE PORTAL AND BITSKI JOIN FORCES WITH CREED BRATTON FOR FIRST NFT COLLECTION – “THE ORIGINAL CRYPTOCREED”

Join Creed Bratton as He Embarks on a Journey Into the Metaverse!

Collection to Drop on Thursday, March 17th

Watch THE BURNING OF CREED BRATTON & TRAILER VIDEO

MARCH 14, 2022 / 9 AM PT – Los Angeles – Propagate Content, the premiere independent content studio, and distributor, Open the Portal, and Bitski are teaming up with artist and actor Creed Bratton (The Office) to drop his first NFT collection, “The Original CryptoCreed.”

The initial drop will take place at 9 am PT (12pm ET) on Thursday, March 17th, 2022. “The Original CryptoCreed” collection will have three tokens available for purchase at https://www.bitski.com/@AlienChickenNFT/created.

What started as a voicemail evolved into an NFT project that pushes the boundaries of digital storytelling and Web 3.0 technology. On March 14th, 2022, the artist formerly known as Creed Bratton was digitally burned and sent into the metaverse. This moment marked the first ever digital transition of not only a physical art piece but the art encapsulated in a living, breathing person. Now in NFT form, fans and critics alike can follow CryptoCreed on his Web 3.0 adventures.

“So what Iʼm getting from this is they’re going to take my body apart digitally and sell it to people as art pieces. You know, I’ll be dead of course but I think that’s an interesting way for my children to make money,” said Creed Bratton.

The first token, The Original CryptoCreed, is an Open Edition NFT priced at $20.22. Purchasers will receive a full resolution image and 3D animation of CryptoCreed that unlocks additional content, including a full-length video trailer “Introducing CryptoCreed” – the first installment of a video series documenting Creed’s adventures in the metaverse available only to those with tokens. Token holders will receive access to bi-weekly chats with Creed Bratton and the Alien Chicken Team and early access to future CryptoCreed drops. The Original CryptoCreed is only available for 36 hours.

The second token, The Original CryptoCreed – Silver Edition, is a Limited Edition NFT priced at

$288.88, with 88 tokens available. Purchasers will receive everything included in The Original CryptoCreed, as well as a personalized voicemail from Creed Bratton.

The last token, The Original CryptoCreed – Gold Edition, is a 1 of 1 auction sale starting at $888. In addition to all of the perks of the Silver Edition, the winner and ten friends will gain access to a virtual meet and greet with Creed Bratton himself. The auction will end at 4 pm PT (7 pm ET) on March 23rd, 2022.

The Original CryptoCreed is the first drop from Alien Chicken NFT, a joint venture between Creed Bratton, Open The Portal, and Propagate Content’s Sidecar Incubator. Alien Chicken NFT will continue to release new NFTs as CryptoCreed’s journey into the metaverse unfolds through a series of exciting drops over the next six months. Follow along on his journey at alienchickennft.com.

Promotional Assets: Logo | Photo Selects | Trailer | BTS Videos

BTS Videos: The Making of CryptoCreed & The Burning of Creed Bratton

About Creed Bratton

Mysterious, eccentric, good-hearted, and downright talented are all words that have been used to describe actor and musician Creed Bratton over the years. Creed may be best known for starring as a fictional version of himself on nine seasons of the award-winning, critically acclaimed NBC series “The Office.” For nearly eight years fans worldwide grew to love him as Dunder Mifflin’s quality assurance director who unapologetically forgets the names of his own co-workers, and says bizarre confusing statements on a regular basis. If Creed was onscreen, laughs were sure to follow. While Creed may be best known for his on-screen antics, he is also an established musician with a career in music that spans nearly five decades, and he isn’t slowing down anytime soon. Creed has just released his 9th full-length album entitled “Slightly Altered,” produced by Dave Way (Sheryl Crow, Fiona Apple) and Dillon O’Brian, available wherever digital downloads are sold.

Born in Los Angeles, Creed grew up in Coarsegold, California, a small town near Yosemite National Park. As a child, he was surrounded by the arts; his grandparents, mother, and father were all musicians. Creed began playing guitar professionally as a teenager, making pocket change performing while attending Sacramento State College and College of the Sequoias where he studied theater. He went on to become a member of the legendary American rock group The Grass Roots, playing lead guitar with the group on their first four albums – three of which charted and sold millions of records across the globe. Creed parted ways with the band in 1970, but continued his passion for music and acting, playing music all over Los Angeles. Creed has released a handful of solo albums over the years, including: “Chasin the Ball,” “The 80’s,” “Coarsegold,” “Creed Bratton,” “Tell Me About It,” “Bounce Back,” “While The Young Punks Dance,” “Creed Bratton Demo,” and “Slightly Altered.” Creed is currently working on his 10th solo album and is currently in talks with extraterrestrial promoters to release it in the metaverse.

About Open The Portal

Open the Portal is an award-winning creative studio based in Los Angeles, specializing in animation, practical effects, and audio production. Since 2015, OTP has worked with a repertoire of collaborators including Netflix, Disney, Legendary Pictures, Adult Swim, SYFY, Tierra Whack, Rico Nasty, and many others. David Braun serves as Creative

Director/Co-Founder, Barrett Slagle as Audio Producer/Co-Founder, and Jason Milov as Executive Producer. The team is represented by Circle of Confusion management and is currently focused on original narrative projects for the film, television, and web3 spaces. If you have read this far… Help! Help! Creed is holding us hostage and we are desperate to escape!

About Propagate

Founded in 2015 by Ben Silverman and Howard T. Owens, who pioneered the global format business in the late 1990s, Propagate has offices in Los Angeles, New York and Paris. Its recent credits “Rebelde Way” for Netflix, “UNTOLD” for Netflix, the FOX drama “Our Kind of People,” starring Yaya DaCosta and Morris Chestnut, “Animals on the Loose: A You vs. the Wild Interactive Movie,” starring Bear Grylls for Netflix, “Escape the Undertaker,” an interactive movie starring WWE superstars for Netflix, “Notre Dame: Our Lady of Paris” for ABC and “Go-Big Show” on TBS, and the upcoming “American Song Contest” on NBC, as well as the unscripted “November 13: Attack on Paris” “Haunted” and “Prank Encounters” for Netflix, and “In Search Of” and “Kings of Pain” for the History Channel. In scripted, “Blood and Treasure” and “Broke” for CBS, “Charmed” for The CW, “Let’s Be Real” for Fox and the upcoming “Zorro” television series for NBC. Propagate also created and produced the podcast, “An Oral History of The Office” for Spotify. Propagate’s expanding portfolio of companies includes Electus (“You vs. Wild”, “Running Wild With Bear Grylls,” “Jane the Virgin,” “Fashion Star”), Big Breakfast (“Adam Ruins Everything”, “Hot Date”), Notional (“Chopped” franchise), and talent management firms Artists First, Authentic Talent & Literary Management and Select Management Group.

About Bitski

At Bitski, we’ve been powering the commerce layer for the metaverse since 2018. We want it to be easy for anyone to own, sell and use digital creations, whether it be one-of-a-kind AR sneakers, digital collectibles, or special in-game gear. Bitski’s platform allows creators, brands, and virtual worlds to easily integrate into (and monetize) the metaverse while streamlining the process of onboarding their communities through our user-friendly and secure wallet. Visit bitski.com to get started.

ABOUT ALIEN CHICKEN NFT

What is Alien Chicken NFT?

Alien Chicken NFT is your home for all things CryptoCreed. What started as a voicemail eventually evolved into an NFT project that pushes the boundaries of digital storytelling and Web 3.0 technology.

How can you get a piece of CryptoCreed?

So you want to join the Cult of Creed? There are many versions of CryptoCreed available now on bitski.com and secondary marketplaces like OpenSea. Here at Alien Chicken NFT, we believe in a cluck for your buck, so each NFT drop we release will give you the opportunity to experience exclusive perks and fun add-ons.

Why is Creed doing this?

While some might call Creed an American treasure, he believes he is more of an American trinket. On top of that, Creed has always been comfortable with people playing with him. That’s where CryptoCreed comes in. Creed’s life has always involved blurring reality and fiction, and the digital sphere was the next logical step in his journey. Blockchain technology provides an opportunity to be truly creative without the fear of network overlords, and it gives us normal humans the chance to finally roam the weird and wacky mind of Creed Bratton. And hey, if we’re being frank… Creed has always wanted to scam the world.

Who is behind Alien Chicken NFT?

The people you hear shouting in the background and cutting open Creed are the wonderful teams behind Alien Chicken NFT – Open the Portal and Propagate Content’s incubator Sidecar. The Alien Chicken NFT Team Members (or TACNFTTM as they like to be called) are committed to the physical dismemberment of Creed Bratton and will continue to perform digital experimentation on his shiny new avatar until he (or the law) forces them to stop. You can check out their work at opentheportal.com and propagatecontent.com.

When is the next drop?

Creed’s journey into the metaverse will unfold through a series of exciting drops over the next six months. What will he do next? Any of the following scenarios may or may not be true: Creed will amass a following of true alien chickens harvested from space, Creed will metamorphosize into an omnipresent and omnipotent being, Creed will dedicate his digital lifespan to ski ballet, Creed will learn the secrets of the perfect sandwich, Creed will finally begin his career on the Dark Web. Sign up for our newsletter to be the first to know more.

Did you really burn Creed?

…Did we?

What does human flesh smell like?

Oddly, Creed’s flesh smelled a lot like burning clay.

Was Creed Bratton ever really human?

It’s said that the real Creed Bratton went into hiding decades ago, and what we see now is an animatronic version of the original.

Did Creed really kill someone?

DM us.

Are the chickens on Earth not of alien descent?

We’ve been wondering that ourselves. They do look weird.

If an actor was hired to play Creed Bratton’s human form, who would it be?

Jeff Bezos. Oh, did you say actor?

Cryptocurrencies have been around for a long time and even after several years of their emergence and active development, many experts still have doubts about investing in this market. This is understandable, as all spheres at the stage of rapid development are subject to the strongest fluctuations. Cryptocurrencies are no exception – there are constant ups and downs in the value of the most popular virtual coins. Today we will consider investing in crypto.

Crypto and Investing: Why Yes?

The pioneer was the well-known bitcoin. Few people believed in its success, it took a long time to grind, but, it is growing and shaping the market. To date, the top 100 world currencies and a variety of investment schemes have already formed, which stimulates the development of the industry. What makes cryptocurrency attractive to investors, and what forms the investment appeal of crypto?

Numerous ways to “spend” your digital asset.

The investment market is filled with big economical players from India and China.
Dozens of “ATMs” for cryptocurrencies.
Absence of inflation and regulation by a single digital bank.
Investments have been a reliable way of gaining passive income for centuries. While investing, you make your capital work for you. It has been many years since a new asset for investment appeared in the world, in addition to gold, real estate, and minerals. It is a cryptocurrency.

Note this!
It is a well-known fact that crypto is not a stable and profitable investment. A 5% change in price per day, for some assets in traditional markets, is considered quite impressive. In the digital currencies market, this draft can easily happen in a minute, and no one will be surprised.

Moreover, such volatility is inherent in digital currencies, which are already known to the public and have impressive capitalization. When it comes to new digital currencies that are just entering the market, an impulse price increase can bring investors thousands of percent profit.

Decide now and join crypto investing
Of course, before you start considering such an investment, you have to think twice – are you doing the right thing? Be sure to consider the following:

– Try to start investments with small amounts;

– Learn, read, and study the market;

– Follow the rate of cryptocurrencies, because your earnings depend on them;

– Be able to withdraw money in time.

To summarize, it must be said that investing in crypto is a risk, but now is the time when it is worth a try.

O Federal Reserve dos EUA abriu espaço para comentários do público após divulgar um relatório da discussão sobre os prós e contras de uma possível moeda digital emitida pelo banco central norte-americano.

Em uma publicação divulgada recentemente e intitulada “Money and Payments: The US Dollar in the Age of Digital Transformation” (Dinheiro e Pagamentos: O Dólar Norte-Americano na Era da Transformação Digital), o Fed disse que provavelmente não estaria autorizado a emitir carteiras digitais ou contas capazes de manter uma Moeda Digital do Banco Central, ou CBDC, nos EUA. Por outro lado, poderia deixar esses assuntos para o setor privado.

Principais tópicos do Fed sobre um dólar digital

Em seu relatório, o órgão do governo disse que estaria considerando questões de privacidade, bem como se uma CBDC poderia ser “facilmente transferível entre clientes ligados a diferentes intermediários”, além das formas de verificação de identidade necessárias para combater a lavagem de dinheiro e o financiamento do terrorismo.

Em seu relatório, o Fed acrescentou que, ao lançar um CBDC, os EUA poderiam mitigar os riscos de “proliferação de moedas digitais privadas” e ainda incentivar a inovação no setor privado. Isso seria possível graças ao nivelamento das condições de competição entre empresas grandes e pequenas. Afinal, alguns dos custos de emissão de uma moeda digital própria podem ser proibitivos.

Os pagamentos internacionais, a velocidade e a eficiência dos pagamentos digitais, além da inclusão financeira adicional, estão entre os benefícios em potencial de um dólar digital, conforme o relatório.

“Uma CBDC poderia alterar profundamente a estrutura do sistema financeiro dos EUA, alterando os papéis e as responsabilidades do setor privado e do Banco Central”, diz o documento do Fed. “Algumas fontes sugerem que, se essas novas CBDCs forem mais atraentes do que as formas já existentes do dólar americano, o uso global do dólar pode diminuir – e uma CBDC americana poderia ajudar a preservar o papel internacional que o dólar tem atualmente”.

Riscos de um dólar digital

Em relação aos riscos da introdução de um dólar digital na economia dos EUA e do mundo, o Fed disse que uma CBDC poderia substituir, efetivamente, o dinheiro disponível nos bancos comerciais. Isso poderia levar, em última instância, a um aumento dos preços para clientes do varejo, o que afastaria o interesse de investimentos em “fundos mútuos, letras do Tesouro e outros títulos e instrumentos de curto prazo”.

O relatório também repercutiu algumas das preocupações já levantadas anteriormente por autoridades a respeito da estabilidade do sistema financeiro atual. Por exemplo, o Fed pode ter que aumentar suas reservas com base na demanda por uma moeda digital. Além disso, pode haver a necessidade de encontrar formas de manter um equilíbrio entre a privacidade do usuário e a transparência necessária para evitar fraudes.

Próximos desdobramentos da discussão do Fed

O Fed manteve aberto um canal para comentários do público por 120 dias – até 20 de maio de 2022. Ele está solicitando, aos cidadãos norte-americanos interessados na questão, que comentem sobre 22 tópicos relacionados aos possíveis benefícios, riscos, formatos e outras considerações relativas a políticas para o dólar digital:

“O Federal Reserve só dará novos passos para desenvolver uma CBDC se a pesquisa apontar benefícios para famílias, empresas e a economia em geral que excedam os riscos em potencial e indiquem que a CBDC é superior em relação a métodos alternativos. Além disso, o Federal Reserve só buscaria uma CBDC em um contexto de amplo apoio público e intergovernamental”.

Prometida pela primeira vez pelo presidente do Fed, Jerome Powell, em maio de 2021, para ser lançada no verão passado, a publicação do documento de discussão da CBDC foi adiada diversas vezes. No dia 11 de janeiro, durante sua fala aos membros do Senate Banking Committee (Comitê Bancário do Senado), Powell disse que o relatório seria divulgado em poucas semanas, após atrasos ocorridos devido a “mudanças na política monetária” dos EUA.

Embora em um comunicado do Fed tenha sido declarado que o documento de discussão “não favorece nenhum resultado de política”, Powell sugeriu anteriormente que não há pressa nos EUA em liberar um dólar digital, apesar de outros países, incluindo a China, avançarem com testes em diferentes cidades. Espera-se que os atletas norte-americanos viajem para a China para os Jogos Olímpicos de Inverno de 2022, dentro de algumas semanas. Na ocasião, competidores e visitantes terão a oportunidade de usar o yuan digital do país, nas cidades onde ele já está disponível.

So far, XRP has had a good run this year compared to 2020’s devastating run. The crypto space has continued to enjoy a mania around the world with the mass adoption of digital assets, be it in DeFi, NFT, or Metaverse markets leading to a lot of these cryptocurrencies hitting an all-time high.

Ripple saw a massive improvement in the first half of 2021 but slowed down in pace towards the end. Experts have predicted that this year is merely a Launchpad for next year’s abundance.

Ripple and its 2021 Arduous Journey

SEC v. Ripple

Part of Ripple’s woes in 2020 includes its $1.3 billion lawsuits with the United States Security & Exchange Commission (SEC). The SEC accused Ripple of selling unregistered securities to investors. The suit dealt a devastating blow to the XRP community, who opined that the platform had earlier settled all. The case dragged on for about a year until SEC charged Ripple to provide the document stating the digital asset watchdog’s classification of BTC and ETH as commodities.

Although Ripple has continued to use SEC’s contradictory decision-making as a shield in court, it argues that the documents and SEC didn’t lay bare the fact that XRP is a security. For now, Judge Sarah Netburn has yet to reach a verdict, but all indicators point towards the case dragging into 2022. Here’s an insight into what to expect as an investor or trader of the XRP.

If SEC wins

A win will further give SEC control and power over crypto platforms and their projects. Ultimately, the crypto space will be cramped, and there will be a laid down procedure before any platform can engage in innovations. A spill-over effect is sure to follow Europe if the US stops Ripple from operating in the country.

The market price of XRP will also take a massive hit, and there will be a tendency for the digital asset watchdog to pounce on another cryptocurrency. Tipping Ethereum as the next scapegoat, John Deaton said: “There’s a reason Gensler won’t comment on whether he believes #Ether is security. It’s because he wants the option of going after them. What’s crazy ironic, is that, with Gensler at the helm, the lawsuit could ultimately give Ripple and XRP an advantage moving forward.”

If Ripple wins:

Ripple’s win will be a slap across Security & Exchange Commission’s face and a paradigm shift in securities laws. A win will surely put Ripple on the track, although but would still be difficult for investors to take risks on new projects like Ripple. The market price might skyrocket. Speaking on the case, former head of European Hedge Fund Sales, Raol Paul, said his investment “in XRP after the lawsuit in December has “no-brainer” risk-to-reward statistics. It got heavily discounted in the price, and then I looked at it and thought, ‘Well, what’s it going to do? Fall 100% from here to zero? But if it gets solved, it’s 10 times.’ And I’m like, ‘Well, that’s a no-brainer.’ Why would you not take a 10-1 risk/reward that has a catalyst around it?”

Noteworthy Progress Despite Headwinds

Nevertheless, Ripple has continued to sail through lawsuits and bureaucratic problems. It made a 450% net sales increase in the first three quarters of 2021 from $146.41 million to $806 million. On-Demand Liquidity (ODL) service used for cross-border transactions in Ripple helped garner about $497 million in the third quarter. The service, which allows investors to make instant transfers, was increasingly popular towards the first to the third quarter of the year with a 231% increase.

Every quarter of 2021 came with remarkable development for Ripple. The first quarter saw Ripple buying 40% of Tranglo, an Asia-based payment gateway network. Q2 saw a swell in ODL transactions by 250%. The third quarter also recorded another massive win for ODL services as SBI Remit switched from Ripplenet to ODL.

XRP Coin Price Should Interest Both Long and Short-term Investors

There’s been a bullish trend in XRP’s weekly chart so far, forming a cup-and-handle pattern. If this continues, the XRP coin price could reach a 1,625% bullish run towards $34. Investors are advised to keep an open mind as Ripple’s lawsuit win will see its price cross over the $3.82 benchmark.

Perfect Concoction for 2022

For 2022, there’s every chance that XRP will record a new all-time high, although what’s next for Ripple sits on the outcome of the lawsuit against the SEC. With the growing bullish momentum across the cryptocurrency industry, the XRP coin price could breach its previous all-time high in 2022. Still, everything would depend on the SEC v. Ripple lawsuit outcome. A win will set Ripple off another level entirely, and losing will see them leaving the United States and losing market value.

Nowadays there are more than 6,000 existing cryptocurrencies, while in May 2013 there were only 15 coins listed on CoinMarketCap. Over these years, the crypto industry skyrocketed to unbelievable heights, and now there are over 300 million crypto users across the globe. Back in the early 2010s little did anyone expect that cryptocurrencies will become the future of the world of finance. For example, in 2013 Coindesk predicted that Bitcoin price could grow to $1,820 in 2020. And the price of the first decentralized cryptocurrency reached $3,850 on January 1, 2019, and $7,200 on January 1, 2020. Nobody expected such rapid growth and it still keeps going.

Recently we had an interview with a top crypto trader from Portugal, Salvador “Dios”, who shared with us his predictions, analysis, and forecasts for the cryptocurrency market in the second half of 2021 and 2022. In this post, we’ve listed the most significant ones.

1. Bitcoin price will pass the $100,000 mark before the end of 2021. Salvador said that the currency will be used more widely, as such top-tier international companies as PayPal, Microsoft, Starbucks, Rakuten, Amazon have already started to implement Blockchain technologies and accept Bitcoin directly or through the third-parties. Bitcoin is somewhere in the middle of the bullish trend now and the growth zenith can be much higher than expected.
2. NFTs boom is coming. More than 75% of crypto power players believe that NFTs will become an integral part of the digital financial world. Salvador confirmed that many world-known brands have already turned their attention toward this trend and even formed internal NFT-related divisions. Several companies have already contacted him regarding NFT advisory services. It is still an experimental ecosystem and must develop further, but NFTs are definitely here to stay.
3. Ethereum will surpass Bitcoin. ETH network has more potential and is able to provide more options for real-world application. Ethereum is less energy-consuming, the speed of transactions is higher. With lots of recent and upcoming updates, Salvador “Dios” believes that Ethereum will surpass the market capitalization of Bitcoin by the end of 2022.
4. The new altcoin season is coming. And most likely the season will start on February-April, 2022. Lots of NFT and DeFi coins have recently witnessed raising popularity and media coverage. Some altcoins have already surpassed their record high price. Salvador “Dios” said that most probably we are going to witness Bitcoin season on September-December at first. And after the dominance of the first cryptocurrency reaches its peak, there will be a downtrend and the following rise of altcoins.
5. 2022 will be a year of increased legal regulation levels in the world crypto market. Salvador shared the insider information on this topic with us. He mentioned that governments are actively working on the rules and regulations for the crypto industry in their countries. The European Union and the United States representatives are particularly active now. We’ll see the results of their work by June 2022 at the latest.
6. Salvador Dios mentioned that 2022 year is very important yeah for inCore and himself as he wants to launch a variety of next-gen crypto products that that do not have any analogs on the market.

Those were the most interesting predictions provided by Salvador “Dios”. He’s sure that 2022 will be an exciting year for cryptocurrency and the Blockchain space, full of changes and announces. We believe that it’s true and we eager to see what statements will turn into reality.

The term bitcoin appeared more than a decade ago and has been strengthening its positions over years. In fact, bitcoin is the most popular cryptocurrency, however, there are also other types of cryptocurrencies these days. If you are enthusiastic about cryptocurrency, bitcoins, and the crypto market, read this article to discover interesting facts that you have not probably heard about yet.

What is the use of bitcoin?

Getting back to early times reveals the barter approach that was common for those who wanted to buy or sell goods. It was used to exchange one type of goods for another, considering their approximate value. As the monetary relationships were being constantly transformed, barter was substituted by cash nexus, which was a real revolution in the sphere. That way we can now use paper money or coins to buy goods and services.

The introduction of the bitcoin concept was also revolutionary as it presented a totally new form of financial assets. Even though credit cards and the possibility to make payments in seconds have made our lives easier, there are still plenty of stumbling blocks when there is a need to make international transactions in particular. Luckily, the use of cryptocurrency can facilitate this kind of operation so that you can transfer bitcoins abroad in seconds at extremely low fees.

Even though cryptocurrency was not widely used for buying goods in the past, now it is common to exchange cryptocurrency for other types of assets on the stock exchange. Furthermore, the crypto market capital has recently exceeded the value of Microsoft and is very close to Apple. Such things happen as the value of the cryptocurrency has a tendency to grow over time. More details on why this happens will be provided in the next chapters of this article.

What is the difference between cryptocurrency and fiat money?

The emission of fiat money or so-called traditional currency is fully controlled by the governments. The value of the traditional currency has a direct dependence on the authority of the corresponding country, its political and economic situation.

In the 21st century, there is also digital money, which certainly has analogs to fiat money of the same currency, that is used primarily for making electronic payments. All the information about transactions made on the web using electronic money is saved on the bank servers.

Cryptocurrency is digital money that is not controlled by the government or banks, which makes it easier to make any transactions. The information about transactions using cryptocurrency is saved in a blockchain. Owing to the high-security levels of the blockchain, transactions could not be changed, transformed, or canceled.

How bitcoins are generated and why are they so valuable?

To start gaining bitcoins, one has to join the eponymous system network that is also called Bitcoin. This network is completely decentralized as it comprises computers from different parts of the world.

So, how to gain at least one bitcoin after having joined the system? The answer is simple, your computer has to resolve a mathematical task of high complexity, which might take a lot of computational and electrical resources. The computer that has completed that mathematical task first sends it to the system over the blockchain, while other nodes of the system perform the same computations to confirm the solution is correct. If the task was solved right, then the computer that provided the correct answer first gains a bitcoin.

It might really seem exciting as you solve tasks and gain remuneration for that, however, everything is not that simple as you might imagine. The founder of the Bitcoin system has established the limit of 21 million bitcoins that could be generated. That is why, it becomes harder to generate bitcoin and its value tends to rise, so this financial asset is actively being traded on the specialized stock markets.

What is a crypto stock exchange?

Some time ago, the cryptocurrency existed exclusively in its own dedicated space, so it was practically impossible to exchange it for traditional currency. Now things are changing, however, some governments do not recognize this new form of currency. That is why there are no traditional exchange points where you can sell cryptocurrency and get the monetary equivalent in dollars.

Luckily, there is a crypto market that makes it easier to perform any kind of such operation. The crypto stock exchange is the place that brings together people who want to sell and buy cryptocurrency. This platform allows for trading and exchanging one digital currency for another or for traditional currency such as euro, dollar, or ruble. The most popular crypto stock exchange platforms are Poloniex, Exmo, LiveCoin, and Kraken.

To perform any operations on the crypto market, you should be aware of the current trends in the cryptocurrency market with Coin Cap. This application allows for monitoring the real-time cryptocurrency value on the crypto stock exchange. It also provides lots of other useful information for crypto enthusiasts to help them make profitable deals.

What is the cryptocurrency value dependent on?

Bitcoin is a high-volatile asset, so its value changes rapidly and depends on a myriad of factors. Let’s go back to 2010 when 10,000 bitcoins were worth only one pizza. Three years later one bitcoin was equal to around $100 already and continued to show stable growth.

The value of bitcoin is increasing as the maximum possible number of items to be issued was predisposed long ago. This could be compared to the collection that has a restricted number of rare items.

As for any type of asset, the ratio between demand and supply influences its value. When there was a deficiency of masks during the start of the pandemic, their prices skyrocketed. The same happens with cryptocurrency, when many people are willing to buy it, its price equivalent is rising.

Even though bitcoin is a kind of isolated system, the value of cryptocurrency is also highly dependent on the political and economic events in the world. For instance, when investors decide to put up money in cryptocurrency rather than in traditional shares, the value of the former increases. Meanwhile, when governments decide to not support cryptocurrency, its value drops down significantly, influencing all other cryptocurrencies.