Author: Kella Pacquiao, Philippines
Cover Photo Credits: STS token
This year’s July may be one of the most unforgettable months for Facebook shareholders.
It was the same Thursday like many other – or it should be.
The social media giant lost 120 billion USD in market value in just a single day. It was the biggest lost every received from the day it was founded.
It grabs attention and scrutiny from people even from cryptocurrency advocates:
tbh, bitcoin feels like a stable asset compared to Facebook pic.twitter.com/tude06ShTO
— Romain Dillet 🙃 (@romaindillet) July 25, 2018
Beware this sh!tcoin. Apparently its run by creeps & privacy thieves. Clearly too volatile to be a good investment! it dropped more % in a single day than top 305 #crypto. SEC should step in & help prevent us poor investors from buying this scam $FB coin.#bitcoin #Facebook pic.twitter.com/9WTHN1p7N3
— Regnar (@Regnar__) July 27, 2018
Facebook’s loss is a huge shock that a few crypto users compared it to the bitcoin value on Twitter.
“It’s so volatile – why would you want to invest in something that can just drop 20% in a day? Why would you put your money anywhere that is that risky? It sounds like a massive scam, a giant ponzi scheme, and the bubble is clearly bursting.” – me, on the topic of Facebook stock
— Riccardo Spagni (@fluffypony) July 26, 2018
Facebook 20% drop in one day. Twitter 20% drop in one day. And Bitcoin is volatile…
— Carlos Domingo (@carlosdomingo) July 27, 2018
Up to this day of writing, there aren’t much recovery is visible from Google.
What does STS have to do with it?
Volatility and uncertainty are something to be expected in the digital market. Not to mention, it is unavoidable.
Status Security, or simply STS, is a newly launched cryptocurrency project that deals with this concern.
It uses peer to peer tech in its Ethereum blockchain. It targets long-term investors and holders.
With Status-Based Incentive Program, or SBIP, stability and security are possible even if the market drops or rise out in a snap.
It is a tech that’s incentivized by holding STS so users can never lose their hard earned money.
— Status Security (@STStoken) August 6, 2018
STS team announces that they will launch an app soon for Android, iOS and Microsoft OS for more intuitive and user-friendly platform experience.
Photo Credits: Status Security
You can check out more about it here.
Dropped in and say hi to the Status Security team on their website: https://ststoken.com/
Follow on Twitter: https://twitter.com/STStoken
Talk with the STS community on Telegram: https://t.me/STStokenCommunity