Table of content

Tezos Token (XTZ): Everything you Wanted to Know as a Beginner before Investing!

Tezos (XTZ) is one of the top 50 most popular cryptocurrencies currently. In terms of market cap, it is currently the 36th largest digital currency (over US$5.64 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through Tezos, how it works, and many more.

What Is Tezos Coin (XTZ)?

Tezos is a smart contract based blockchain network, making it quite similar to the Ethereum network. However, the Tezos network offers you a more advanced infrastructure where there is:

  • Lots of scope of evolvement and improvement over time.
  • No chance of a hard fork (which made Bitcoin and Ethereum blockchains suffer severely). 

If there is any chance of divided opinion, the matter of contention is put on a vote. The Tezos protocol upgrades of this smart contract platform are put forward by the developers of Tezos are subjected to vote by the people who hold Tezos toke, XTZ. 

Tezos is an open-source platform that is “secure, upgradable, and built to last”. As per Tezos. The high level of accuracy required in the high-value use cases is provided by the smart contract language. Tezos ecosystem calls itself a future-proof protocol and will “remain state-of-the-art long into the future”. This means that it is capable of embracing blockchain technology developments. 

The first white paper proposal of Tezos was written by Arthur Breitman under the pen name L. M. Goodman back in September 2014. The white paper describes the technology that underpins the technology. Dynamic Ledger Solutions, a startup founded by Arthur Breitman and his wife Katherine, was tasked to write codes that would underpin the protocol. 

Tezos Foundation purchased the startup Dynamic Ledger Solutions for ensuring all the IPR rights related to the network are owned by them. Tezos mainnet was launched in 2018. 

Tezos (XTZ): Facts & Figures

All these facts and figures (as of Oct 25, 2021) will help you to make a decision on investing in Tezos. Before making XTZ token transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Tezos XTZ Price: US$6.52 (Current Coin Prices)
  • Trading Volume (24h volume): US$248,575,935
  • All-Time High (ATH) Price: US$9.18 (reached on Oct 04, 2021)
  • All Time Low (ATL) Price: US$0.3146 (reached on Dec 07, 2018)
  • 24h Low: US$6.30
  • 7d Low: US$6.30
  • YTD (Year-To-Date) Return: 225.78% YTD (Year-To-Date)
  • Market Cap: US$5,636,917,038 (US$5.64 billion)
  • Crypto Rank (in terms of market cap): 36th in the crypto market
  • Fully Diluted Market Cap: US$5,846,167,162
  • Max Supply: ---
  • Total Supply: 893,579,798
  • Circulating Supply: 864,508,748.00 XTZ

These are the facts that made Tezos a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins. 

How Is the Tezos Network Secured?

The Tezos network is secured by a proof of stake consensus mechanism used by it. 

For the smooth operation of the network, any one of you can make a security deposit to be a validator and make your respective contribution. Rewards are given by the Tezos network as an incentive for honest behavior, which in turn ensures that blockchain runs smoothly and honestly. If anyone acts in a dishonest manner, that validator has the risk of losing his or her stake altogether. 

You can get involved in the governance of the Tezos network through the “baking” process, where you have to stake 8,000 XTZ effectively, thereby creating a financial incentive for e acting honestly.  

Where can you Buy Tezos Tokens?

You can buy Tezos coins in almost all reputed cryptocurrency exchanges including:

  1. Binance
  2. Mandala Exchange
  3. OKEx
  4. FTX
  5. Huobi Global, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of FIL are:

  • XTZ/USDT
  • XTZ/USD
  • XTZ/BTC, and many more.

Before investing, check out historical data of token Tezos, crypto news, Tezos price charts, price performance, market updates, XTZ to USD exchange rate, and others.

What are the Best Crypto Wallets to Store Tezos Tokens?

The best Tezos wallets to store Tezos coins are:

  1. Ledger Nano X
  2. Trezor One
  3. Binance Wallet
  4. Guarda Wallet
  5. Atomic Wallet
  6. Exodus

Invest in Tezos and Other Cryptocurrencies

You can buy and sell Tezos and other virtual currencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Tezos markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as XTZ, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Invest in NapBots: A Dynamic Cryptocurrency Index

Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways. 

NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 

Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading crypto-assets at reduced financial barriers and no human error.