Why should you opt for utility token?

Hard money is a word used to describe the current currency system. It is a physical currency and can be in the form of debit card, credit card, cash, coins of precious metals like gold, platinum, silver. Government and banks own the funding system which is the basis of the current financial system.

Utility token is a form of cryptocurrency running on the decentralized system. It cuts out the middlemen and is becoming a fascinating name in the commercial market which is often known as the crypto world. It is better to look at the pros and cons associated with Hard Money to understand the associated complexities and ease.

The pros and cons of hard money

·      Pros of hard money

Hard money is safe. It has an absolute value. It is under the control of the Central government and banks. All the transactions made are secure and traceable. It can be traced if lost. Unlike digital currency, hard money is widely known and easy to understand. This builds trust among people. It is widely used as a mode of payment since it’s not that it is introduced something new. It is not susceptible to market fluctuations. It has nothing to do with the fluctuating market prices on each commodity. And most of all, each form of hard money that we carry has an absolute value.

·      Cons of hard money

Central governments keep printing money. The current changing economy keeps shifting prices. Thus, it is very likely for hard money to experience inflation and is not very portable, unlike utility token.

Large amounts of hard money cannot be transported easily without getting detected. Transactions carried out can be traced as there is constant monitoring run by banks and central government. They own the current financial system. Thus, it is quite easy to determine the funding source, and if one wants to keep it secret, it is not at all possible.

Hard money is well known to all. It is a secure system to carry out the transaction. Since the organization is involved, it guarantees safety.

On the other hand, utility token is becoming increasingly popular in the digital world. It is claimed as a future of fund supply. A decentralized system which is the base of crypto is popular today, and XCELToken is based on the same principle. Invest in them today!