Banano - The Cryptocurrency That Does Everything You Need

*NEW YORK, NY / ACCESSWIRE / April 14, 2022 / *Since the low of March 2020, where the S&P dropped 30%, the world of cryptocurrencies has skyrocketed. Whilst the stock market doubled since its low, the overall cryptocurrency market experienced a 2000% increase from bottom to high. Every dollar invested in the broader stock market would land you two bucks. In the meanwhile, crypto - with its higher beta - would outperform stocks tenfold and reward you 20 bucks for each dollar invested. Cryptocurrencies proved to outperform commodities, stocks and real estate, despite old dogs like Peter Schiff warning against it. In the search for a similar or greater risk/reward, this article sets out to examine Banano, which, in our view, represents one of those gems that you may not know of yet - but should.

Banano was founded April 1st 2018, but, barring its date of inception, is no joke at all. The instant and fee-less nature of Banano, combined with each transaction using a millionth of the energy that Bitcoin requires, makes it the fastest cryptocurrency in the crypto sphere. Bitcoin was created as a tool for payments and since then the idea of it has shifted towards a store of value and inflation hedge instead. In other words, Bitcoin may have failed at what it set out to do, but it helped inspire the creation of the technology that Banano utilizes. If you transfer Banano from one address to another it will take you less than a second, there will be no fees and you could do a million of those transfers before using the same amount of energy that one Bitcoin transaction requires.

As of today, the most important and significant use case for Banano, besides being a worldwide currency, is its contribution to science. For the last year running, Banano has been the top contributor to Folding at Home (FAH), a distributed computing project, aimed to help scientists develop new therapeutics for a variety of diseases by the means of simulating protein dynamics. (https://stats.foldingathome.org/team) FAH enables users across the globe to contribute their CPU to help fold proteins, users like me and you who otherwise wouldn't be a contributor to science. During Covid-19, FAH stepped up to the plate and had a big increase in numbers: https://medicine.wustl.edu/news/foldinghomes-fight-against-covid-19-enlists-big-tech-gamers-pro-soccer/. Still, the Banano team remains the biggest contributor by miles other than the default team. This is made possible by the fact that Banano has chosen to reward those folding for the Banano team, an incentive which means you get paid to fight worldwide diseases.

Such an effort has not gone without notice. Notably, Billy Markus, the founder of Dogecoin dropped by the Banano subreddit in may of last year to leave this friendly message.

https://www.reddit.com/r/banano/comments/n9oz27/creator_of_dogecoin_here_was_told_to_check_this/

The distribution of Banano is what makes it one of very few gems left in the world of crypto. Since day one, Banano has been distributed entirely for free and there was no ICO. Without any major stakeholders pushing the price and paying for listings on the major exchanges, both price and volume has remained relatively low despite having one of the bigger communities. The focus has rather been on creating a friendly and fun community spread around the globe and educating newcomers. For instance, as hyperinflation kept picking up in Venezuela, the Banano community there grew bigger and bigger as ordinary people could collect Banano through faucets and games entirely for free. To many, this represented an income that otherwise would be out of the picture.

Being both genuine and wholesome, humor arises which attracts the attention of even the biggest names in cryptocurrency. A week ago, the C.E.O of Binance, the biggest exchange, retweeted a Banano meme:

https://twitter.com/cz_binance/status/1512086069000302592

To conclude, our opinion is that Banano may very well represent the greatest risk/reward in the market. As for meme coins, Dogecoin has a marketcap that is a thousand times bigger than the one of Banano, but that does not at all reflect the usage of both coins, the community size and the overall activity. Despite barely having a marketcap of 20 million USD, Banano is wrapped on several chains like Binance Smart Chain, Fantom and Polygon. If Banano were to be listed on one of the top 10 exchanges, a shift would occur as millions would suddenly gains access to it. Before that happens or an institution picks up on it, Banano remains the golden needle in a haystack.

This article was written by a dedicated member of the Banano community and a team member of Banano. Both hold Banano, so an increase in price would benefit both. This is not financial advice. As with anything in life, do your own research before making decisions.

*Contact:*

Name: Linc Hamilton (find me on Reddit u/LincHamilton)
Email: bananocc19@gmail.com
Reddit: https://www.reddit.com/r/banano/
Discord: https://chat.banano.cc/

*Links:*

Official website - https://banano.cc/
Yellowpaper - https://banano.cc/yellowpaper/
Banano FAQ - https://www.reddit.com/r/banano/comments/mfzi6n/new_to_banano_get_started_here_faq_2021_edition/
Banano trading pairs - https://coinmarketcap.com/currencies/banano/markets/

*SOURCE:* Banano
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