1. What Is PressCoin?
To understand PressCoin, you first must get a grip on what Bitcoin is and how fiat currencies (paper money) function. If you have heard of Bitcoin, you would be aware of the cryptocurrency craze that has caught the fancy of anyone remotely connected to the Internet. The way it has been surging in value in recent months has got many first-time investors looking to make a quick buck interested.
Click here for more information on what Bitcoin is.
PressCoin is an ecosystem in which NEWS tokens will be used as the primary currency. It consists of many media companies together on a single platform, and as the collective worth of the companies on the platform increases, the value of NEWS tokens will also increase.
NEWS tokens are like the shares of a company and they are being offered to public investors right now through an ICO – Initial Coin Offering, which is similar to an Initial Public Offering (IPO) in the stock market.