Review on EagleX by David Olayide
EagleX cryptocurrency
We are advancing into the age of global cryptocurrency adoption at a very rapid rate, and as such, we are looking at a very progressive future. As a result there are many cryptocurrency projects that are specially making the effort to achieve a widespread adoption of their individual tokens or cryptocurrencies in built in their platform. To have a look at one of such projects, let’s talk about EGX, or EagleX cryptocurrency. Not unlike what I made mention of earlier, the Eagle payment system vision, is to make crypto currency usable and acceptable in any place and for any kind of payment. Any token and digital asset convertible easily to a suitable fiat money.
There’s an option for users as well, to exchange their fiat token to another fiat token through decentralized money exchange if there’s a need to do so. The EagleX token(EGX) serves to represent the managing power of the blockchain and also act as the main digital asset in the system. There’s already a total amount of pre-mined EagleX tokens, which is about 72 million.
Apparently there are lots of positive factors to holding EGX as a token in your portfolio. Yes there are lots of benefits for EagleX holders, and some of these include, the fact that EagleX holders can do cold staking and receive BENZ which is the second cryptocurrency of the platform, in exchange. Eventually when the decentralized exchange platform for the cryptocurrency is released, you will be able to pair up other tokens with EGX.
Something that also interests me is the fact that EagleX has no transaction fee at all, which is a very attractive feature of the project.
Pros
- EGX is premined
- Free transaction with zero fees
- Airdrop opportunities
Cons
- The project is yet to acheive major milestones in it's journey
