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The future of money IS here! The Crypto Economy will forever change the way we interact with money and the way we understand money.
At Shandor Digital Investments I will help you navigate the digital currency market, more popularly known as cryptocurrency, and provide you with a clear path to digital currency ownership for investing or trading.
Names such as Bitcoin, Litecoin, Ethereum, Ripple and Tron dominate the landscape.
Free initial consultation. Fees are based on level of service required to meet your needs,
There are 3 plans available to choose. A Basic Plan to provide essential information and help you get started. An Enhanced Plan for more in-depth study into your needs and where you want to invest. Finally the Total Plan includes guiding you step by step in the digital investing process and providing FREE ongoing support at anytime through our CONTACT US link.
Shandor Digital Investments will help you along your journey to digital currency ownership but will not manage your money. Your money is your own to use at your discretion. I provide the necessary information to guide you along. Our agreement of service is strictly confidential and will never be shared with anyone not part of this company. A written business agreement between you and I will assure your privacy.
Bitcoin itself was established in 2009 by Satoshi Nakamoto. As such, digital currency is relatively new to the marketplace and you need someone who has an intimate understanding of the crypto space. I have been investing and trading digital currency since 2016, and am continually staying atop the latest news and trends. My expertise in the field sets me apart. I provide the full service needed to establish yourself in digital currency.
We're here to help with any questions you might have on investing, or understanding this fast-evolving market. Send us a message if you'd like to learn more!
Burlington, Ontario, Canada
Cryptocurrency is a digital asset that utilizes blockchain technology to record transactions in a transparent and decentralized manner.
Blockchains are a form of Distributed Ledger Technology (DLT), whereby a universal ledger is maintained and verified by various users simultaneously. This eliminates the need for a central authority to process and approve transactions. The system relies on individuals and institutions contributing their computing resources to store and verify ledger transactions. In return for conducting these tasks, participants have the ability to earn rewards, usually in the form of the underlying cryptocurrency. This is known as mining.
Blockchain was originally created to support bitcoin, a well-known cryptocurrency introduced in 2009. Bitcoin can be acquired either through trade or by “mining” the currency. As of May 2018, there are currently 17,077,563 bitcoins in circulation, with a total bitcoin supply of 21,000,000, as determined by the creator. Click here for the most recent Bitcoin circulation data. Current forecasts estimate that supply will plateau around 2040, as the currency becomes more and more difficult to mine. Bitcoins can be broken down into smaller sub-units known as “bits.” One bitcoin consists of 1,000,000 bits, allowing individuals to more easily obtain the currency.
Mining is the process of computer hardware performing mathematical calculations for the Bitcoin network to confirm transactions and increase security. Equipment used for mining personally and commercially are called ASIC miners. Participants who use their computing power and or rent resources for mining are called miners. As of today, data mining makes up 0.4% of global energy consumption. As the electricity required to “mine” a single bitcoin is extensive, concentrations of data miners are found in areas where electricity is cheap, with a high concentration of data miners located in China. Canada is also an excellent location for commercial mining, particularly in Quebec and Alberta. Hut 8 Mining is a Canadian bitcoin mining and blockchain infrastructure company headquartered in Toronto, with operations in Alberta, Canada. It is one of the largest cryptocurrency mining operations in North America. They are also a public company traded on the TSX under HUT.
Initial Coin Offering (ICO)
ICOs involve raising capital through designing and selling digital currency. In contrast to an ordinary initial public offering (IPO), issued currency does not represent ownership stake in an organization. Instead, the digital assets can be used to conduct transactions with others whom recognize and accept the respective currency.
Early-stage businesses are progressively choosing ICOs over traditional methods of raising capital. The growth of ICOs is due to, in part, a lack of regulatory oversight. Most businesses are assuming that the coins and tokens they are distributing do not qualify as securities, and therefore, are not subject to ordinary securities law requirements. One such obligation is to provide purchasers with detailed documentation, including a prospectus, which outlines liability for misrepresentation. Start-ups prefer ICOs because the process is time-efficient, conducted over the internet, limits documentation, and allows them to avoid conferring rights to the purchaser.
Trading Digital Currencies
A cryptocurrency wallet provides a secure destination to store, send, and receive digital currency. Unlike what you might expect, cryptocurrency is not really “stored” in a wallet. Instead, your wallet houses a private key (secure digital code unknown to others), which shows ownership of a public key (public digital code linked to a sum of currency). Therefore, your cryptocurrency wallet stores your private and public keys, provides you with trading capabilities, and tracks personal transactions using a ledger.
Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another (or for fiat currency). A few popular exchanges are:
Coinbase: a USD denominated digital currency exchange.
Binance is China's primary digital currency exchange
Coinsquare: Canada’s primary digital currency exchange.
Coins and Tokens
These terms are often interchangeable. But there are differences. Cryptographically backed currency coins that can be used for purchasing goods and services are types such as Bitcoin, Litecoin, Monero and Ripple. Stable coins are digital currency backed by fiat ( actual money, mainly US dollars), such as USD Coin and TrueUSD, or backed by a physical asset like gold such as Digix Gold tokens
Tokens function at a completely different level and are often drivers in ICO and ITO (Initial Token Offering) strategies as they are used as a function in the blockchain application created by the ICO or ITO.
There are 3 types of tokens, Utility, Stable and Security tokens. Most tokens are ERC-20 tokens on the Ethereum blockchain.
ERC-20 is an official protocol for proposing improvements to the Ethereum (ETH) network. ERC stands for Ethereum Request for Comment, and 20 is the proposal identifier. This is a common standard for creating tokens on the Ethereum blockchain . This token standard defines a set of rules that apply to all ERC-20 tokens that allow them to interact seamlessly with one another Wallets and exchanges use the standard to integrate various ERC-20 tokens onto their platforms and facilitate exchanges between ERC-20 tokens and other cryptocurrencies.
Utility tokens function to support a blockchain application. A utility token is a ‘coin’ backed up by a project. Usually, utility tokens are Ethereum based, as this is one of the simplest ways of making a new token and programming it so the user is granted access to some utility. Examples are Basic Attention Token and Chain Link.
Stable tokens are backed by fiat or a commodity such as Gold. Examples are Maker DAI and Tether.
Finally Security tokens are the newest development in cryptocurrency. They are now offered in many STOs (Security Token Offering) At its very essence, a security token is an investment contract that represents legal ownership of a physical or digital asset like real estate, ETFs etc.. This ownership must be verified within the blockchain. STOs, like ICOs, are fundraising tools, however, they have certain regulations that hold the token issuers accountable for their actions. Unlike the regular utility tokens, STOs generate “security tokens” which are real-time digital assets that operate within legal boundaries.
Metamask is a popular online wallet that supports ERC-20 tokens. JAXX is a popular online wallet for most cryptocurrency coins.The most popular offline hardware wallets are Trezor, Ledger and KeepKey.
Kyberswap ERC-20 token exchange
Most popular cryptocurrency exchanges such as Coinbase, Coinsquare, Binance, Bittrex and KuCoin are centralized, government and/or bank regulated and backed. Kyberswap is the first decentralized crypto exchange operating on the Ethereum blockchain not regulated by government or banks that trades exclusively in tokens only, no coins. Many of the most popular tokens, some mentioned here, are available for trade on this exchange.
Decentralized finance (DeFi) has been making waves over the last several months following the surge in platforms and products offering DeFi services.
Decentralized lending platform MakerDAO has risen to prominence amid impressive adoption of its stablecoin DAI but is only part of a subset of a growing ecosystem driving unstoppable finance.
Lending protocols, security tokens, derivatives, exchanges, and more, Ethereum’s DeFi landscape is playing out as one of its most profound application environments so far
DeFi is essentially just conventional financial tools built on a blockchain — specifically Ethereum. They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services.
Decentralizing everything is not a prudent move, and many DeFi applications take this into account by offering hybrid digital asset/traditional financial services, such as BlockFi which offer crypto-backed loans.
An atomic swap is a smart contract technology that enables the exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges, or ShapeShift. Atomic swaps can take place directly between blockchains of different cryptocurrencies, or they can be conducted off-chain, away from the main blockchain. They first came into prominence in September 2017, when an atomic swap between Decred and Litecoin was conducted. Since then, other startups and decentralized exchanges have allowed users the same facility. For example, Lightning Labs, a startup that uses bitcoin’s lightning network for transactions, has conducted off-chain swaps using the technology. Cryptocurrencies and decentralized exchanges, such as 0x and Altcoin.io, have also incorporated the technology.