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10 Awesome Uses of Cryptocurrency

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4. Invest in innovative early-stage startups

The emergence of digital token-based fundraising has allowed anyone with an Internet connection to become an investor in innovative early-stage tech startups, while at the same time providing new startup ventures with much-needed seed capital.

Although a rarer event these days, Initial coin offerings (ICOs) and IPOs are a form of fundraising that provides startups with the opportunity to raise capital by selling a newly-created digital token to early backers of the project in exchange for established cryptocurrencies such as bitcoin (BTC) or ether (ETH). The price of the newly-issued token then acts as proxy linked to the success or failure of said startup once it starts to trade in the secondary market.

In the past, access to these deals would have only been available to experienced venture capitalists, but the advent of cryptocurrency has opened these opportunities up to a much broader spectrum of investors.

In some cases the digital tokens of the most successful ICOs have increased in value by several thousand percent and cryptocurrency-based fundraising has helped startups to raise over $12 billion in the past two years.

5. Make private transactions

Privacy-centric digital currrencies such as Monero (XMR), Zcash (ZEC), and PIVX (PIVX) enable users to make anonymous financial transactions.

That means individuals can make money transfers without having to explain to a bank why they are sending a large sum of money, what the sources of the funds are and who they are sending it to, which can delay the transaction and involve unnecessarily bureaucratic processes.

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