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60CENT PROTOCOL: how to buy the ‘hood-driven’ cryptocurrency

By:
on Jun 15, 2021
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  • 60CENT protocol is making waves in the cryptocurrency space
  • Should you buy 60CENT crypto?
  • We discuss the investment prospects of the 'hood' platform

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If you are a crypto investor, or just an intrigued observer of the crypto market, you will likely have noticed the swathe of altcoin projects that have come into the space in recent years. However, not all of them deliver tokenholder value, and many are fundamentally flawed to begin with.

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So, what do we make of the latest hot altcoin, 60CENT? In this article we delve into what it is, its long-term investment prospects, and we also list the two best places to buy 60CENT crypto in the UK and elsewhere.

How and where to buy 60CENT crypto online

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The best place to buy 60CENT tokens, or any other cryptocurrency, is an online crypto broker. While many crypto investors use decentralised exchanges (DEXs), we feel brokers offer a low-fee, simple way to buy and sell cryptocurrencies, regardless of your prior investing experience.

So, here are our top two picks:

Plus500

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Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)

Register with Plus500 instantly

eToro

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eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Register with eToro instantly

What is 60CENT coin?

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You may have checked out the 60CENT website, and if you have, the company’s about section – while bold and interesting – is somewhat unclear. So, let’s demystify the whole value proposition for you.

60CENT is a community-driven token that runs on the Binance Smart Chain. It has a substantial circulating supply, a self-building liquidity pool and estimated interim goals. As for the tokenomics:

  • 2,000,000,000,000,000 total supply, of which
    • 40% is allocated to the community
    • 50% is allocated to the burn wallet
    • 3% is allocated to platform marketing
    • 3% is allocated to private sale
    • 4% is allocated to the development team behind the project

There is a 10% tax on each transaction using 60CENT, of which:

  • 5% rewards token holders including the burn wallet
  • 3% goes to the liquidity pool
  • 2% will be used for marketing purposes

This is a healthy crypto ecosystem and the community of ‘gangsters’ looks set to continue its growth.

Should I buy 60CENT coin?

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If you want to invest in a cryptocurrency project at an early stage with plenty of growth potential, 60CENT could be an interesting choice. Its true fundamental value remains to be seen, and we are unsure how successful it can be in the long term, but we are big fans of the brand-building and health tokenomic structure at play here.

However, investing in an early-stage altcoin always carriers serious risks, and this is especially true because the founders of 60CENT have not yet been doxxed. Just make sure you don’t invest money you can’t afford to lose and have conducted your own thorough due diligence before getting involved.

60CENT price prediction

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60 cents. No, we’re just joking.

In reality, it is extremely difficult to generate a price prediction for an early-stage altcoin project because there are so many unknowns, variables, and the technology itself is often commercially questionable. However, we can say that we feel 60CENT could generate substantial returns for some tokenholders.

Social media reacts to $60CENT

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https://twitter.com/AngeL_QueeN815/status/1404771435952754692

https://twitter.com/PakStreetBets/status/1404085680297463808

For more on 60CENT protocol and other trending cryptocurrencies, make sure you check out our crypto news page.

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