Introduction

It's a great pleasure on my part to be a part of the week 6 lecture delivered in the crypto academy community by my very own respected professor @besticofinder. I have read and understood all that has been discussed and it's on that note that I will be carrying out the homework task.

Before investing in Any Currency We must have a Little knowledge About its IDEA, Concept, Future Plans and most importantly the site offering any coins must be trustworthy

You need to do your fundamental analysis and select the cryptocurrency to invest in in 2021. ( coinmarketcap.com: Token Rank Should be between 100 - 400 range | ( Excluding Steemit) )

In the year 2021, I have been making research as to which currency I can invest in. I have seen a whole lot of cryptocurrency but I still have to search for the one that will give me an optimal reward. With the knowledge gotten from the professor's explanation, I have decided to invest in FileCoin. The reason why I chose these Coin will be discussed in details subsequently.

Prepare an article explaining the factors you considered for your selection considering the followings

The Project Purpose is to create a decentralized trading platform page where it can be easier to access the Crypto Exchange which will be under decentralized control. Just as we see some of the crypto exchange that's centralised based.

Without much of a talk, I will want to dive into the main reasons I have selected the FileCoin to invest in it in the year 2021. So follow me as I lay down the reasons.

• Security:- One of the main reason I selected Filecoin is because of the security feature, these is because since it is a decentralised token, the hacker won't be hacking all through hitting one place, but on the other hand as in cryptocurrency if you lose anything there would be no one for the claim of your property so be sure to be cautious.

• Price/Cost: By making it Decentralized there would be hundreds or even thousands of users who would be taking part in this project, they would rent their unused storage to buyers.

• Economically Efficient: FileCoin helps us to minimise our spending when it comes to making a new storage.

Read the project whitepaper and explain the project concept

The essence of white paper in any cryptocurrency can not be overemphasized. Everything is Written inside the white paper and if the Currency Is not following that documentation It might get us Suspicious. Below is a screenshot of the white paper for FileCoin.

Discuss the social reach, project purpose, team, response from the market for the particular project.

You will agree with me that eventually almost all businesses today have their social media handle to help promote their businesses.

Social Reach tells us about their popularity, Their Standard and Their Impression as Impressions Are The Winning Points

In the case of FileCoin, once you visit their website, you will see every detail of the CEO beginning from his Twitter handle and others.

• Twitter Account
• Linkedln profile
• etc

Discuss the factors supporting your decision and explain why the particular project will be a good investment.

From the look of things, there is a very big probability that Filecoin will become one of the most popular coins in the nearest future. Looking at price cost and security and many other factors.

Conclusion

I therefore, recommend filecoin to as many who tends to go into any form of investment in this new year.

Best regards

Cc: @steemcurator01
Cc: @steemcurator02
Cc: @steemitblog
Cc: @besticofinder