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Hello guys have been very busy lately which is one of the reasons why I haven't posted here this week. Today I will be doing some cryptocurrency review I met a friend who is also a blogger and graphic designer TolaGrafik one of the best in his field did I tell you he designed the CryptoNG logo. He asked me of my opinion about TBC whether it's a good project to invest if you don't know TBC is an acronym for The Billion coin.
Even before I met Tola today I having been receiving messages from friends and even members of Crypto Nigeria community group on whatsapp asking of my opinion on TBC this has prompt me to do a review on this coin. Many have invested in stuffs which they don't much about and that is a very risky thing to do. I always advice people to do their own thorough research before investing in any cryptocurrency.
You see as a shrewd investor and trader I've learned to be incredibly skeptical because I've seen many investment scheme that turn out to be scam some of which have fallen into I must be honest with you.
The billion coin has been really gaining some levels of exposure here in Nigeria have seen posters, adverts online, radio TV about this coin which is one the reasons why I have decided to do a brief review on it for you to understand what you are dealing with.
What is The Billion Coin (TBC)
The billion coin (TBC) claims to be a cryptocurrency that was invented on March 2016 by who? I don't know. This coin also claims it's market value that is the price always increase daily and never goes down in value which means it is not in anyway affected by the logic of the market which is based on the demand and supply of a cryptocurrency. The billion coin is claimed to be a user based and is determined by the number of verify users.
TBC formula: The Price = Number of
Verified Members x 1€.
Which means if TBC reaches 1 billion users, each TBC coin will be
worth 1 billion euros.
However having said all this, it can be concluded that TBC's ideology is totally different from the concept of cryptocurrency which is seen as a digital medium of exchange that is made possible by some certain cryptographic principle
Crryptocurrency are designed to operate as a decentralised and an open source they are either base on the proof of work or proof of stake. TBC claims to be based on the proof of work but the miners are not shown on their public ledger so who are ones minning the coin to crown it all one the website it's was clearly stated that TBC is not regarded as crypto currency but a peer to peer internet currency.
TBC is based on Logistics... 😂😂.
Typical cryptocurrency like bitcoin, ethereum, dash, litecoin and ripple and many others utilizes the blockchain technology the right way by making use of encryption techniques to create and secure transaction while TBC seems to be doing the opposite.
In conclusion The billion coin (TBC) is not a cryptocurrency and should not be regarded as one. In the traditional sense it's the opposite of the cutting edge of financial revolution cryptocurrencies has come to offer. TBC has zero innovations, poor and inactive community the website as am writing is currently down.
Here's my opinion; According to my research on The Billion Coin (TBC) is claimed to be a peer to peer internet currency which could turn out to be a potential scam it's not genuine or legitimate investment I would advice you not to venture into so shouldn't put your money in there.
However there are chances of TBC becoming legit but its slim they claim it will go public if they reach 1 billion users that I doubt that will ever happen considering the way the price is artificially controlled.
Till then don't put your hard earned money on TBC
Here's are some additional facts th prove that The billion coin is not a cryptocurrency.
1. The billion coin (TBC) is not listed on coinmarketcap which is the standard repository of digital currency in the crypto world.
2. The value of TBC is claimed to always go up even refuting the law of gravity. The values is not base on the demand and supply of the coin and it's not speculative.
3. No reliable online exchange is listing the billion coin (TBC) on their exchange that means if the users by the time the coin crashing users who obtained it will be left with a worthless coin. This should be a concern for TBC members as you can not exchange your coin to any digital or fiat currency but only to a fellow member.
4. It makes uses of a multi level marketing system to get new members.
5. The billion coin (TBC) has no source code, no white paper, road map and worsen it is artificially mined as the miners are not displayed on the public ledger.
Hope this helps.
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