Editor’s Note: In today’s essay, we turn to world-renowned cryptocurrency expert Teeka Tiwari’s right-hand man Greg Wilson—who’s researching a little-known type of digital token that’ll make it easier to generate income from this new asset class.
Greg has been instrumental in uncovering some of Teeka’s biggest crypto plays—including one Chinese-based project that’s gained nearly 8,445%. And the open positions in their Crypto Income Quarterlyportfolio are currently up 88% on average.
So if a crypto is attracting Greg’s attention, it must have life-changing potential…
By Greg Wilson, chief analyst, Crypto Income Quarterly
Imagine you got paid in cryptocurrency on a Friday, and by the next Monday, it had dropped 25% in value. Do you think your landlord would care about that when the rent comes due?
Or what if you made a major purchase in cryptocurrency, and a week later, its price had doubled? You just inadvertently paid twice of what you should’ve.
Here’s an example…
Let’s say someone paid you $1,500 in Dash (DASH) on July 6, 2017… and you were going to use $1,200 of that to pay your rent in a couple of weeks.
Well, you would’ve been in a pickle. DASH dropped 27% during that time, reducing the dollar value of your stake to just $1,096.
It works the other way, too…
What if you’d paid 50 DASH for a TV on February 17, 2017?
Well, you would’ve been very disappointed. Why? Because two weeks later, you could’ve bought that same TV for about half that amount of DASH. In those two short weeks, the price of DASH doubled.
Some people fear this type of volatility will hinder the real-world adoption of cryptos.
But in today’s essay, I’ll tell you about a new type of coin that will solve this dilemma. Some are even calling it the “holy grail” of crypto.
Once these new tokens enter the crypto ecosystem, they’ll make it simpler to buy, sell, trade, and get paid in cryptocurrencies. Plus, I’ll show you how they’ll make generating income from the new crypto asset class much easier, too…
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For cryptocurrencies to reach mass adoption, there needs to be a stable medium of exchange. And that’s where “stablecoins” come in…
A stablecoin is a cryptocurrency with a fixed price. The most common ones are pegged to the U.S. dollar and trade at or near $1.
With stablecoins, different use cases can emerge for crypto. These include payments cheaper than those of credit cards, international payments without exchange risk, and all of it in a fraction of the time it takes today.
So you can see why some consider stablecoins as the “holy grail” of the crypto ecosystem.
Currently, there are two broad types of stablecoins: collateralized and uncollateralized.
Collateralized stablecoins are backed by real-world assets, such as fiat currencies or commodities. Uncollateralized ones are pegged algorithmically (i.e., with computer code). They’re also called algorithmic stablecoins.
The most popular stablecoins are fiat-backed tokens—including Tether, TrueUSD, and USD Coin. So far, no algorithmic stablecoins have gained material market share.
Since collateralized stablecoins are most popular at this time, I’ll go over their pros and cons…
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Backed by Real Assets
As mentioned, collateralized stablecoins can be backed by fiat currencies. For example, each Tether token is redeemable for $1.
Stablecoins aren’t only pegged to the U.S. dollar, though. Some are backed by other assets. For example, the Digix Gold Token is backed by—and redeemable for—gold.
That being said, let’s go over their pros and cons…
- 100% price-stable
- Simpler to transact
- Less vulnerable to hacks (since the collateral isn’t held on the blockchain)
- Centralized (you need to trust someone to hold the collateral)
- Liquidation back to fiat can be slow and expensive
- Highly regulated
- Need regular audits to provide transparency
So although stablecoins maintain a fixed value, they’re not without risks.
For one, any coin backed by a real-world, off-chain asset faces confiscation risk. And like any other asset, custodians could mismanage their clients’ holdings.
We’re still in the early stages of this niche market. And the projects we’re researching are working on ways to overcome these drawbacks. But that just gives us first-mover advantage—which is how you’ll find life-changing gains…
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By now, you may be wondering: “What do stablecoins have to do with crypto income?”
You see, the growth of stablecoins will ignite the wider adoption of crypto assets. The more they’re adopted, the more money, users, and use cases will emerge for crypto. This will naturally have a positive effect on income tokens.
So we believe stablecoins will not only be important for crypto infrastructure, but also for crypto income opportunities as well. Just think about it…
- What if you could use a stablecoin to make a yield greater than your bank’s?
- What if you could create asset-neutral income streams? (You’d be able to make income and eliminate the volatility risk of the underlying asset at the same time.)
- Or what if you could become your own lender on the blockchain, making a nice yield in the process?
All of this will be possible with stablecoins. That’s why it’s important for you to understand the stablecoin ecosystem now. By doing so, you’ll be able to take advantage of the new income opportunities as they emerge.
Editor’s note: Teeka and Greg recently uncovered a few small cryptos that are distributing as much as $1.5 million and more… per week.
And to learn how you can obtain our five latest income-generating crypto opportunities—including one token yielding over 100%—click here to watch this presentation.