Investing in companies’ stocks has been one of the main ways of making simple investments prior to the rise of the cryptocurrency industry. However, digital currencies have brought an even simpler, cheaper, and more affordable way to invest. Over the years, the list of products offered by crypto and blockchain has grown significantly. First, there are now over 19,000 digital currencies to invest in, including coins, tokens, DeFi protocols, and more.
However, another sector of the crypto industry that often gets forgotten includes security tokens. Digital securities can be just as valuable investments, but the difference is that they are regulated, which also means that they are safer, and that they draw their value from their underlying asset.
Exodus, a famous Bitcoin and crypto wallet has decided to take the digital securities route and allow its shareholders a new way to invest in its common stock — through the Exodus Token, also known as EXOD (EXIT). Today, we wanted to take a deeper look into this project and see what it has to offer.
How Does Exodus Token Work?
Exodus token was created by Exodus, the company that created Exodus wallet for Bitcoin and over 180 altcoins, as a new way for its shareholders to invest. The project’s approach combines a Reg A+ offering, cryptocurrency payments, and common stock digitally represented by EXOD (EXIT) tokens, where each token represents one share of the company’s common stock.
According to the project, those who choose to keep their digital assets in a crypto wallet can also store EXIT tokens in the same convenient, and yet a safe digital state. Meanwhile, the wallet is protected by the most robust available security mechanisms, including the immutability of blockchain technology.
The token was created to offer new investment opportunities for regular people, as the best investment opportunities have long been available only to accredited investors, such as wealthy individuals and institutions. Regular people did not have access to it, which cut them off from the ability to earn through investing. However, through the creation of digital securities, this problem has been fully bypassed, and now anyone can own equity and profit when the company is profiting.
What Problems Does Exodus Token Solve?
First, let’s talk about EXIT token’s solutions and contributions to the securities market, and investing, in general. There are a few things to note here, including:
New investment opportunities
Exodus has been seeking a new way to allow its shareholders to invest, especially since in the past, investment opportunities have mostly been accessible only to accredited investors, including institutions and wealthy individuals. Thanks to tokenization and the ability to create securities tokens, shares can be broken down into smaller units affordable to regular people.
A democratic approach to owning equity
The project sees its approach as something altogether more democratic, which allows virtually anyone to own equity. It noted that there are still some restrictions, but in principle, investing in its security token is open to anyone, be they accredited or not.
A compliant, transparent public offering
According to the project’s COO, Sebastian Milla Goni, Exodus’ approach is a compliant, transparent public offering by a profitable company with a working product. The Reg A+ offering was designed for Exodus to raise capital, but also to help grow its community, and let customers own a stake in the enterprise that they are already using.
By allowing users to own equity, the company’s success also means the users’ success, so it is a win-win. The project’s COO further added that allowing customers to own a portion of the business encourages product loyalty, and while there have been other Reg A+ offerings in the past, Exodus’ is the first one where common stock is represented by a token on the blockchain.
Simplicity and beginner-friendliness
Finally, the wallet and the token itself are all about simplicity and user-friendliness, which was meant to bring more beginners to the project and help them enter the crypto space. Simplicity has always been the key for crypto adoption, as many consider the market confusing and intimidating. By making sure that it is easy to use for everyone, including new arrivals and first-time users, the project encourages involvement with crypto and blockchain, and in extent, greater adoption.
Benefits of Exodus Token
Next, let’s talk about the benefits that users can experience by investing in EXIT.
Storing EXIT safely and conveniently
Thanks to the fact that Exodus offers a cryptocurrency wallet that is available to users and very easy to navigate. Users also have a perfect wallet to store Exodus’ native cryptocurrency. Obviously, this is a very convenient way to store the coin, using its own company’s main product, which is known as one of the most popular wallets for years.
Access to Exodus Bitcoin & Crypto Wallet
Speaking of Exodus Bitcoin & Crypto Wallet, it is a popular one for a reason. It allows users to send, receive, and exchange Bitcoin, as well as 180+ different cryptocurrencies. The wallet is also available for desktop, mobile, and it comes in hardware form.
A new world of crypto apps
Lastly, it should be noted that Exodus has an entire world of crypto apps available, and these apps transform the project to give users more control over their wealth. Users can also easily earn interest on their tokens, and more, which is definitely worth exploring.
Final Thought
Exodus token has brought a great change to the way people are investing, as it is far more inclusive, affordable, and rewarding than the traditional methods of buying stocks. Plus, the Exodus wallet is among the most popular wallets for investing in pretty much any of the most popular altcoins, with a massive token support that makes it quite convenient for investors from all over the world.
