What is Influxcoin (INFX)?
Future of INFX Cryptocurrency and know how to buy INFX

#1 What is INFX?

INFX - The Basics

  1. Influx coin (INFX) is a cryptocurrency that allows users to make direct transactions in the provision of goods and service. It can be used to make payments amounting to any value, with little or no transaction fees required.
  2. A blockchain records all transactions conducted by holders and updates them in real time. The market cap as of July 2018 for INFX is $131,380 with its value shuffling around $0.078 or 0.00001 BTC.

INFX Development

  1. Influx coin was launched in August 2015 with an aim to cut short the dependency on banks for transactions. It is a digital cryptocurrency naturally secured with the use of cryptography.
  2. It was acquired by CWI-ecosystem in May 2017, which means INFX has access to the-TEAM, the-Grid, the-Farm and most of other modules that are being developed under the CWI ecosystem.
  3. CWI aims at supporting all blockchains across the INFX network and provide the support needed to the blockchain industry.


#2 What are the advantages of INFX?

INFX Technology

  1. With INFX having no whitepaper, it’s hard to fully decipher how the cryptocurrency functions. However, there is some information that’s been easy to gather.

  2. INFX is an X11 algorithm based coin that uses a Proof-of-State + Proof-of-Work backend. It is specifically designed for CPU/GPU setups - but ASIC mining has still been observed on this blockchain. CWI provides INFX its own network within Latisys and Level 3 Data Centre solely owned and operated by them.

  3. The primary advantage of INFX is the security that it provides in transactions and the speed at which these transactions take place.

  4. The coin is backed by CoinWorks Industries, which is self sufficient in providing it a healthy infrastructure. According to CWI, the organisation is looking to help INFX in providing better services in the industry.

  5. Independent usage of the coin as currency, that is, it can be used without intervention from any organisation, with anonymity.

#3 How to buy and store INFX coins?

BUYING INFX

Users can buy INFX coins using BTC/ETH as well. For this, a user first has to buy ETH or BTC from any exchange, then transfer it to their Crytopia, Binance, Coinbase or Gate.io account. Hence, the transferred ETH/BTC amount can be used to buy INFX.

  1. The exchanges mentioned above are only platforms on which you can trade INFX,but CoinSwitch, one of the largest cryptocurrency exchanges around, helps you choose which platform to buy from. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with the INFX token, and CoinSwitch will facilitate the comparison at different exchanges by showing you the prices at the exchanges it’s sold in, all at the same place.
  1. What’s more – with CoinSwitch, you need not create or rely on wallets or the exchange you use to buy the INFX tokens. Instead, all transactions can happen to and fro your very own private wallet.

STORING INFX

Influx coins can be stored on supported cryptocurrency exchanges like Binance, Coinbase and Gate.io . But is advisable to store it in a dedicated wallet such as Trezor, Ledger, Electrum and Exodus or like the INFX wallet stores the currency in the form of Influxcoins.

 

#4 What is the future of INFX?

Also Read: Complete Analysis of Influxcoin | Live Influxcoin (INFX) Price Charts And Predictions

Influxcoin price prediction suggests that INFX is up as a long term investment which could up to around 700% in price value. This means that by the year 2023, the price of INFX could stand at $0.69. The rate of returns in this prospects shows increasing progress from the evolving technology and increasing customer base.

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 21, 2018

0.075688

0.117865

0.068894

0.075233

1,103

126,655

Mar 01, 2018

1.06

1.9

0.421182

0.436999

120,813

1,775,140

Dec 31, 2017

1.28

1.51

1.26

1.42

133,769

2,135,340

Aug 31, 2017

0.636046

0.636046

0.60464

0.612036

27,477

1,064,350

May 1, 2017

0.081746

0.089071

0.07604

0.07932

1,084

136,793

Jan 1, 2017

0.017976

0.02166

0.014064

0.016

129

30,081

Oct 1, 2016

0.019581

0.020667

0.019581

0.020666

2

32,767

Jul 1, 2016

0.018435

0.020297

0.017491

0.01857

593

30,849

Mar 01, 2016

0.00558

0.007021

0.005173

0.006792

293

8,351

Dec 31, 2015

0.013534

0.013876

0.008656

0.009512

810

14,416

Sep 15, 2015

2.3

2.3

2.3

2.3

231

461,461

 

 

#5 What makes INFX different from other cryptocurrencies?

  1. INFX is strictly focused on transactional security through cryptography and identity protection. It isn’t just a ‘store of value’ or ‘monetary transaction tool’.

  2. It has been mainly developed for CPU/GPU systems, unlike other currencies that can require a much larger processing machine for mining.

  3. It is much simpler to buy and use, with a minimal or no transaction fees, which makes it different from all other major cryptocurrencies.

 

#6 Should you invest in INFX?

  1. In 2018, the software giant Microsoft decided to integrate INFX in the development of Microsoft Azure. This was a great shot in the arm for INFX, as a partnership with such a brand would of course, attract investor interest.

  2. Most of the price predictors across the internet see INFX showing hopeful numbers in the coming years.

  3. Influxcoin (INFX) has been amongst the most profitable X11-based altcoins to mine in the past, so owners of iBeLink X11 ASIC miners might be interested in it, though larger scale X11 GPU miners might want to check it out as well. Hence it is attracting a lot of investors across the industry, which could prove to be a reason for some price hike, therefore a good time for investment.

  4. Talking about the drawbacks, INFX still does not have a working website, which is a big setback for enthusiastic investors. This is surely a big gaping hole obvious to many investors and enthusiasts.

  5. Secondly, Influxcoin does not work on a settled whitepaper, which again adds to an unsettled work-boundary and information.
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