Action Coin - Here to stay!
Nadeem Lutfullah
Trainer Turned Authopreneur | Contract-based Recruitment & Training Consultant | Owner @ thecareerceo.com | Job Search Specialist.
Often, people we speak to about Action Coin express doubts as to its sustainability and robustness. The argument they advance is that Bitcoin which is “the father of all crypto-currencies” is so vulnerable and so volatile that its exchange rate keeps fluctuating. Using the performance of Bitcoin as a measuring rod therefore, critics wonder loudly how Action Coin - a newcomer to the crypto-financial scene - do any better?
Well, one crypto-currency international expert has recently stated unequivocally that Bitcoin is here to stay. By extrapolation, we can also affirm that Action Coin is here to stay. The Hong Kong-based crypto-currency guru, Dave Chapman, has been quoted in an article published by Samantha Chang – a financial editor with a law degree firmly under her belt – as saying that the mood swings being experienced by Bitcoin are common with any new thing that begins its existence. Hear him: “Everyone says crypto is so bad, but there`s no difference between this and any other time when people have gone into something new. Is it new? Yes. Does it need to mature? Yes. Will it be regulated? Yes”.
Chapman is confident that the future of crypto-currency is bright. He looks back with confidence at the time when he decided to venture into crypto-currency and what his colleagues thought about him and the move: “It surprised a lot of people leaving a respected career to go and play with magical internet money. That`s how a lot of people viewed it.” Samantha Chang comments: “Even though Bitcoin bears laugh at his bullish projections, Chapman said they also dismissed him when he predicted BTC would hit at least $10,000 by the end of 2017. Bitcoin climbed to more than $13,000 on December 31, 2017. I was quoted back in August 2017, when Bitcoin was trading at around $4,000 that we would have a five-figure headline by the end of this year. I think a lot of people thought I was crazy; a lot of people scoffed at me, but that`s OK.”
Yet, if Bitcoin can do so well; all the visible signs point to the fact that Action Coin will do even better. The reason is the innovative aspect that Action Coin has brought to the crypto-currency market. Very wisely, when Action Coin started last year, it decided against pumping money into media organs to publicize its activities. Such a strategy would have led to a limited target audience being reached in the short, medium and long terms. Instead, the Canadian-based crypto whose CEO is Nick Morley, decided that whatever incentive there was would better be used to empower people and merchants so that they could in turn spread the good news. And it`s working.
That is why up to 28 February 2018, individuals who opened accounts with Action Coin automatically had their accounts credited with 1000 Action. Although that figure has been dropped to 100 Action since March 1, 2018, it is still something, when you come to think of it. Furthermore, Action Coin allowed the first 500 merchants worldwide who signed up to have their accounts credited with 250,000 Action, which is a whooping 250,000 US Dollars, until the target of 500 merchants was reached. Having attained that goal in the last few days, Action Coin has now proudly and confidently offered another welcome bonus of 25 000 Action to the next first 500 merchants worldwide who sign up. Merchants` businesses which signed up are increasingly appearing on the Action online, international advertising platform. And the more the doubting Thomase's notice this, the more they are clamoring and jostling to find a place in it all for themselves too. The magic here is that advertising on the Action Coin platform enables a merchant`s business to be seen in the over 200 countries where Action Coin is active, as well as bring the consumer (buyer) in direct contact with the Producer (buyer), without necessarily going through the hassle of having to cope with a no value for money intermediary. So, even if you think that there is a world of a difference between the whooping 250 000 Action offered to the first 500 merchants and the 25 000 Action now being offered to the next 500 merchants, that is still something for which to give thanks, because, strictly speaking, it`s money from nowhere. It means the in real terms, the merchant is "getting something for nothing", although in effect, Action Coin expects some reciprocity in return in terms of services rendered.
As might be expected, such an unusual manner of motivation has surprised many observers who wonder loudly why they are “being paid for having done nothing”. Well, it`s not quite like that. If at all you call it pay, then Action Coin expects you to use its currency and get others to use it in return. It goes both ways. Just imagine that if you the recipient were to get only ten people to open accounts with Action Coin and those ten were to get ten others each to replicate that action, by the time you got to the eighth and ninth level of ten new people coming in, over 100,000,000 (one hundred million!) would have joined the Action Coin bandwagon, all because of you the individual who initiated the move from the start, single handed. Imagine that!
Even so, the future of Action Coin seems to lie more in its advertising platform. Simply put, Action Coin pays incentives to businesses who sign up and also advertises their services on its international advertising platform which is accessible to the 200 worldwide countries in which Action Coin currently operates, and even more. Mbah Formum, one of the three Action Coin Brand Ambassadors in Cameroon who recently emerged as the best in the world according to a league table of its global ambassadors published by Action Coin, aptly summarizes the role of the advertising platform. Mbah Formum puts it this way: “Here is where the global business of Action Coin exists: the global market place. Individuals, companies or groups of businessmen who subscribe on this platform earn what the company calls points or tokens by sharing the information with other people. These tokens can be converted to Action wallet tokens which become real money (crypto-currency). The Action wallet tokens can be converted to Bitcoin”.
Clearly, therefore, Action Coin is the place to be for anyone who wants to be somewhere. And the clock is ticking!