What Is Tezos and Is XTZ a Good Investment in 2022?
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Tezos is an open-source platform whose native utility token and cryptocurrency, XTZ, burst onto the crypto scene with a phenomenally successful initial coin offering (ICO) in July 2017. Tezos raised $232 million in the process. However, disagreements between the founders followed, which led to delays in the token’s release. Those treacherous days seem long past, and XTZ is now the ”next big thing” in the crypto industry. But of course, it’s far from the only cryptocurrency to have had this assertion thrown its way. Looking ahead to Tezos’s future, is the hype justified — and is it a good investment?
Tezos’s future price is predicted to be bullish in the long-term based on broad factor analysis. Many point to the decentralized nature of the network and the increasing partnership with Ubisoft, Red Bull Racing Honda, and Kolibri will usually translate to higher value of XTZ.
What Is Tezos (XTZ)?
Tezos is a smart contract– and decentralized applications (DApps)-hosting platform that allows peer-to-peer transactions. The native utility token, XTZ, is also referred to as Tez or Tezzie. Tokens are rewarded to XTZ holders when they partake in its Proof-of-Stake (PoS) consensus mechanism.