TATA Coins’ sustainability and investment risks
By MYBRANDBOOK
TATA Coin is a community-driven cryptocurrency listed on the Binance Smart Chain BEP-20 token. The Binance Smart Chain uses the Proof-of-Stake consensus mechanism, which uses validators to verify transactions and add them to the blockchain.
TATA Coin aims to lower the transaction fees and make international payments faster and cheaper. It recently made headlines with a price rally of more than 1200 percent, surging from $0.008 to $0.24. TATA Coin is currently trading at $0.09 with a diluted market capitalization of $718,300.
It aims to foster a decentralized environment and create a secure cross-border transaction system for multinational companies and organizations. With a focus on becoming the safest global digital currency, TATA Coin is meant to be used worldwide as a payment method.
No single entity or individual controls the cryptocurrency, meaning that TATA Coin is completely decentralized. TATA coin has been designed in a way where it will never exceed the supply of 9 million coins.
In the case of the TATA Coin, the developers do not own any coins. Hence, they do not have any control over digital currency. The TATA Coin has 100 percent public liquidity and currently ranks at 2,953 on CoinMarketCap.
The broader nature of any crypto is its volatility, so for now, the TATA Coin may seem like a good investment, but in a few hours, this might change. Before investing in the TATA coin, one should study its growth potential and understand all the other factors that could affect its future direction.
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