Investors holding tokens for the long term may prefer to take custody of their tokens themselves in a private wallet, which can provide true ownership of assets and a bit of extra security.
In addition to the ease of implementing this strategy, it also allows for the staking of IOTA while you hold it, which can provide a form of passive income. There is also no need to acquire skills such as technical analysis to be successful. Very little time or effort is required to buy MIOTA and hold onto it. The buy-and-hold strategy is popular for its simplicity.
Whatever your investment preferences, IOTA may be a suitable investment as it can be purchased for both the short term and the long term. Any asset can be tokenised on IOTA as the network is programmable, meaning it can also be used to create decentralised applications (dApps). The token can be staked to take part in the distribution of new tokens. Transactions on the network are facilitated through the project’s cryptocurrency, MIOTA. This is what enables IOTA to be feeless and scalable. Every time someone makes a transaction with IOTA, they validate two previous transactions. This makes the network faster than traditional blockchains. IOTA is a distributed ledger but it doesn’t use blockchain technology, so there are no blocks or miners. It is built for the Internet of Things (IoT)-the interconnection of computing devices in everyday objects-and enables new possibilities such as digital identities, in-built car wallets, supply chain management, and smart cities. IOTA is a next-generation network that is designed to support the frictionless exchange of value and data between humans and machines-without any fees.
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