Category Archive : Blockchain

BNB Chain

BNB Chain – Best Way to Multiple your BNB Coin

Fair & TransPARENT Profit for Everyone!

✅  Community-Driven System
✅  Best Chance to earn BNB Coins
✅  Auto-Withdraw System
✅  Direct & Binary Income
✅  Referral Matching Bonus
✅  Best Reward Program
✅  Promoted by BNB whales
✅  Anti-Money Laundering Licence Company

🤝 Let’s earn bnb coins by Super Compensation Plan.

💸 Investment 💵

💎 StartUp – Invest $20 to $5000 & receive 1%
💎 Proffessional – Invest $5001 to $20000 & receive 1.2%
💎 Executive – Invest $20001 to $50000 & receive 1.4%
💎 Legend – Invest $50001 to $200000 & receive 2%
We are promise of a ROI paid from Monday to Saturday for 300%

🛡Referral Commission –

BNB Chain paying a 7%, 8%, 9%, 10% referral commission on funds invested by personally recruited affiliates as per packages .

🛡Binary Bonus –

Affiliates are paid an 8%, 10%, 11%, 12% residual commission on funds generated on their weaker binary team side.

👉 Affiliates can earn up to $1000 a day in Binary commissions for start-up Packages.
👉 Affiliates can earn up to $5000 a day in Binary commissions for Professional Packages.
👉 Affiliates can earn up to $10000 a day in Binary commissions for Executive Packages.
👉 Affiliates can earn up to $50000 a day in Binary commissions for Legend Packages.

🛡Referral Matching Bonus –

When a member you have introduced earns Binary bonus you get a payment equal to 10% of their BINARY Bonus . When your personal introduced members introduce new members , you get 10% of their binary bonus and so on , in upto 4 Levels .
👉  Invest at the Start-up = a 10% match of Binay bonus on level 1 (personally recruited affiliates)

👉  Invest at the Professional = a 10% match on level 1, 2.

👉  Invest at the Executive = a 10% match on level 1, 2, 3.

👉  Invest at the Legend = a 10% match on level 1, 2, 3, 4.

🛡Reward Program🛡

🎯Silver –

Generate $10000 accumulated investment on both sides of your binary team ($10000/$10000). you will qualify 1% on $20000 for 6 months.

🎯Gold –

Generate $50000 accumulated investment on both sides of your binary team ($50000/$50000). you will qualify 1% on $100000 for 8 months.

🎯Platinum –

Generate $100000 accumulated investment on both sides of your binary team ($100000/$100000). you will qualify 1% on $200000 for 10 months.

🎯Diamond –

Generate 0.5 Million accumulated investment on both sides of your binary team (0.5M / 0.5M). you will qualify 1% on 1 million for 12 months.

🎯Double Diamond

Generate 1 Million accumulated investment on both sides of your binary team (1M/1M). you will qualify 1 % on 2 Million for 14 months.

🎯Emperor

Generate 5 million accumulated investment on both sides of your binary team (5M / 5M). you will qualify 1% on 10 million for 18 months

🧩Note –

👉Daily Auto withdraw system as per Hong Kong 12 AM Time .
👉Min withdraw just $10 Only
👉Daily gain will be paid from Monday to Friday
👉Re-invest pack after 300% received ( Excluding Reward )

🚀To your success
– – – – BNBChain- – – –

Website Details:

Link: https://www.bnbchain.io/

Facebook: https://www.facebook.com/bnbchain

Telegram: https://t.me/bnbchain

Instagram: https://www.instagram.com/bnbchain

Twitter: https://twitter.com/chain_bnb

Rarible Clone

Rarible Clone : Create a Blockchain NFT Marketplace like Rarible and Mint Millions Soon

Have you heard of an online marketplace that has thousands of traders and processes millions of buy and sell orders in just a few months after its launch? Rarible is a modern NFT marketplace that sells various types of digital collectibles to both retail and institutional investors.

It is a highly secure platform as content creators and investors have 100% access to their funds always. Private keys safeguard all crypto assets.

Buyers can purchase high-value artwork, Decentralized Finance (DeFi) assets, domain names, gaming assets, memes, metaverses, music, and photos from the platform. Hence, entrepreneurs will know all the intricacies to create a blockchain NFT marketplace like Rarible.

Some statistics about the grand success of the Rarible NFT marketplace

  • 52,369 traders have registered – on the Rarible blockchain NFT marketplace so far. It has processed a whopping trading volume of $149.95 million as per DappRadar.
  • The Rarible NFT selling platform handles trades worth – $160,480 daily and $2.67 million every week.
  • It has sold 153,238 NFTs – so far with a trading volume of $108.05 million.
  • 1230 investors use the Rarible NFT marketplace – The platform has a positive cash balance of $3180. Additionally, it processes 2750 peer-to-peer transactions (P2P) every day.

Entrepreneurs aiming to make a splash into the trading of crypto collectibles can team up with an app development company. A customized Rarible clone script is created quickly. It contains user-friendly Android and iOS apps for artists and investors.

Moreover, an advanced admin dashboard helps in monitoring the day-to-day business operations efficiently. Additionally, a modern web panel helps in the smooth conducting of auctions for selling crypto collectibles to interested buyers.

Read more: Top NFT Marketing Agencies 2021

What are the various elements of the readily deployable Rarible Clone?

Create Collectible – Artists, designers, and photographers can create their own NFTs by clicking the “Create Collectible” option. Moreover, they can sell either single or multiple digital collectibles based on timed auctions.

Integrated digital wallets – The crypto assets of artists and investors are securely stored on different digital wallets. The Rarible clone supports popular wallets like Coinbase, MyEtherWallet, Fortmatic, Portis, Torus, WalletConnect, and WalletLink.

A detailed list of Top sellers – Buyers can enhance the value of their portfolio by purchasing NFTs listed by the Top sellers. The Rarible clone script categorizes the digital collectibles owned by the Top sellers daily, weekly, and monthly. 15 sellers are part of each list.

It includes details of the average price charged, links of their social media accounts, names of the artists, and website URL.

Live auctions – Investors are induced to buy multiple Non-Fungible Tokens (NFTs) sold on the Rarible clone through Live auctions. In reality, it consists of alien-themed NFTs, animated versions of dogs, CryptoPunks collections, Disco Biscuits, Herds of Bulls, and Mother Nature.

Hot collections – Is there anything better than this special feature? Hot collections sell the highly demanded crypto collectibles to prospective investors.

It consists of Beeple (Round 2 Edition and Special Edition), ERC-721 based artwork, ERC-721 NFTs (Axie, Hashmasks, Meebits, and Wrapped Cryptopunks), and ERC-1155 (Art Blocks, The Crypto Flamingo, Mani Grupa token, and Spiritual Gangsta).

Rarible Governance Token (RGT) – Buyers on the Rarible clone can purchase the RGT to get decision-making powers and voting rights. The Rarible governance token runs on the Ethereum-based smart contract.

Investors can store their RGTs in the MetaMask digital wallet (browser extension and mobile app). There are a total of 10 million Rarible Governance Tokens. Additionally, Airdrop programs offer free RARI tokens to buyers.

Investors can buy RGT from cryptocurrency exchanges like Bilaxy and Hoo. Buyers earn extra income through Marketplace Liquidity Mining. Equally important, buyers earn Rarible Governance Tokens for every purchase of NFT.

An integrated feedback system – Existing users of the Rarible clone script can share useful opinions and suggestions to entrepreneurs. Nevertheless, this helps in adding new features to the NFT marketplace like Rarible and boosts the overall trading experience.

An insightful Rarible Newsletter – NFT enthusiasts receive the informative Rarible Newsletter directly to their email addresses. Besides, it includes the latest updates about the launch of new artwork, market analysis, NFT project news, and other platform development alerts.

Other protection measures – Artists and content creators are completely safeguarded on the Rarible clone. They get protection against issues like copyright infringement, duplication, fraud, licensing, and violation of Intellectual Property.

Likewise, this ensures a high level of transparency as content developers retain 100% ownership of their work always.

Read more: How much does it Cost to Build an NFT marketplace?

What are the two types of NFTs sold on the Rarible clone script?

ERC-721 – It is an exclusive NFT standard issued on the Ethereum blockchain network in January 2018. Each crypto collectible sold on the Rarible clone contains a unique Token ID and a Token pair contract address.

The ERC-721 standard also contains separate functions for changing the total supply of tokens, knowing the token balance in an account, and transferring tokens from one account to another.

ERC-1155 – It is a multi-token standard built on the Ethereum blockchain network in June 2018. The Ethereum smart contract consists of a mix of Fungible tokens (FTs), Non-Fungible Tokens (NFTs), and Semi-Fungible Tokens (SFTs). All digital collectibles backed up by a token ID. It contains information about the unique attributes of the NFT, metadata, and total supply.

The ERC-1155 multi-token standard integrated with the Rarible clone script provides numerous benefits. Accordingly, buyers get advantages like an atomic swapping option, a decrease in transaction fees, easy transfer of multiple tokens simultaneously, and escrow protection.

The cost to create a Blockchain NFT like Rarible?

The total cost of Rarible clone script development depends on aspects like the choice of features, hourly charges paid to the blockchain and crypto developers, level of customization, the time taken for development, third-party API integration, and the type of tech stack.

Further, entrepreneurs have to bear more expenses for bug-fixing, maintenance, software updates, and technical support.

Wrapping Up

The Rarible NFT marketplace has performed impressively in 2021. It will aim to become a powerful Decentralized Autonomous Organization (DAO) in the future. Subsequently, more buyers will receive control and governance rights to vote on the different decisions for the development of the online platform.

The technology startup is aggressively expanding its business operations after receiving a mind-boggling $1.75 million in funds from investors in February 2021.

Hence, entrepreneurs can make a big impact in the fast-rising world of crypto collectibles now. Nonetheless, they can get the tailor-made Rarible clone from a reputed app development company and be a trendsetter in the market soon.

Read more: 3 NFTs Worth Investing In Right Now

Stratton Oakmont Finance

Make Your First Million Dollars Fast with the World’s largest Decentralized Exchange – Stratton Oakmont Finance

“With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless” – Satoshi Nakamoto

Blockchain is a key technology in the digital supply chain and cryptocurrency is an essential component of the same. The idea of making money online via such sources has become quite popular around the globe. Cryptocurrency is taking over the world and the majority of people are interested in achieving such financial freedom. For this purpose, you might have tried and tested several digital exchanges for trading in the crypto space but the quality of their services is almost the same.

Barriers, Barriers, Barriers! Be it Communication & Linguistics, Educational Literacy, or Finance – we have to admit that all of us have been through them and it is not leading us anywhere for good. Stratton Oakmont Finance is the largest decentralized exchange in history that is revolutionizing the whole scenario of crypto exchange. It aims at bridging all the gaps to fulfill the current and future requirements of the users presenting ultra-modern solutions to the problems. SOF finds its roots linked with stock brokerage and crypto trading, and exploiting them together makes it feasible for everyone to reach their maximum potential of monetary growth.

Relationship between Stratton Oakmont Finance and the Wolf of Wall Street

Stratton Oakmont Finance is 100% legitimate and legal in all the states of the world because it operates gently following all the rules and regulations. It blends well with the cultures and legislations of all the countries, supporting their departments. The idea of this decentralized exchange is inspired by the theme of “the Wolf of Wall Street” and the high intellectual strategies of Jordan Belfort as a stockbroker. The same bonus tips have been applied in SOF apart from the fact that this is 100% genuine, transparent, and scam-free. The results related to financial gains would be as promising as in the story.

No way for Scammers

Possible scams had given a catastrophic hit to the digital finance industry in the past. More or less, some individuals do not like to give it a try to every new exchange in the internet market. Therefore, it is made sure that Stratton Oakmont Finance is an entirely transparent and user-friendly platform. Although it is inspired by the worldwide famous stock brokerage story of Jordan Belfort, it focuses on how all the users can achieve that level of success by earning white money. It provides its users with the level of trust they deserve, effective strategic planning, and management.

Crypto guide for everyone

Following the ground reality that the poor would rather be entertained than educated, the approach of the rich is exactly the opposite. This is where Stratton Oakmont Finance joins the stream and educates its followers. FREE CRYPTO GUIDE is available in multiple languages throughout the world so everyone can get hands-on experience.

“Wise spending is a part of wise investment, and it’s never too late to start” – Rhonda Katz

Stratton Oakmont Finance takes trading and investments to a whole new level where all the authority is handed over to the user along with the proper guidelines. After getting the proper knowledge and skill of the field you know exactly how you can initiate your journey effectively by making the right decisions at the right time!

Customer is the king

Stratton Oakmont Finance sets its basis on the rule that traveling extra miles for its users is going to pay off. It is indeed worth it to invest in a platform that finds its scope beyond the constraints of countries and their political issues. If you’re planning to buy something using cryptocurrency that is banned in your state, Stratton Oakmont Finance provides the best alternative. This exchange operates in all the countries providing services in all their legal departments. Stratton Oakmont Finance is designed in a way that flies far beyond the banning culture. You can simply utilize it anywhere anytime.

Stratton Oakmont Finance offers mind-blowing features for its users like a transaction fee as minimum as you can imagine, secure investments, charity programs, free crypto guidance & awareness sessions, splendid liquidity, in-built wallet, live support, and its own SOF token to be utilized on the exchange. Moreover, the investors have got full control over their funds and trading decisions.

Privacy Protection at its best

Whether it is your personal information such as biodata, or related to investments – Stratton Oakmont Finance accepts the responsibility of keeping everything secure. All the investments of each user are safe. There are no chances of any data leaks. Each audited contract is properly encrypted and protected. Your data is not shared with 3rd parties as well.

What makes SOF tokens unique?

Particularly affiliated with Stratton Oakmont Finance, the SOF token is a BEP20 token that could be purchased using BNB. It has been created on a Binance Smart Chain by professionals in this field. It is readily used on the Stratton Oakmont Finance exchange irrespective of the location and laws. The best part about the SOF token is that it is portable and can be swapped with other cryptocurrencies that are readily available. Our Stratton Oakmont Finance services are required to protect cryptocurrency in the wallet as well. The balance in the crypto wallet is available all the time.

Conclusion

Asset building is not a matter of one day, rather; it is a product of a long journey of struggle paired up with smart decisions.

This concept does not exist anymore!!

Today, stock trading and the use of crypto exchanges such as Stratton Oakmont Finance have got enough popularity. The chances of making a massive amount overnight are always there, it just takes the right decision to transform your dreams into reality.

By all ways and means, Stratton Oakmont Finance is a reliable and trustworthy platform. It has shaken up the whole crypto space and Blockchain field with its high-end roadmap, blockchain concepts, and ecosystem of cooperative community.

Details:

Website: https://www.strattonoakmont.org/

Twitter: https://twitter.com/StrattonOakFin

Telegram: https://t.me/Strattonoakmonttoken

GitHub: https://github.com/Strattonoakmonttoken

Read more: The Best way to Lock Liquidity in the Crypto space

Crypto Advertising Strategy

What is Blockchain Advertising? Your Definitive Guide to Crypto Advertising Strategy

Blockchain advertising like any other digital advertising strategy leverages various mediums (such as social media, email, search engines, mobile apps, and websites) to promote the business or project through ads. It is a targeted, data-driven advertising strategy aimed at reaching consumers to generate brand awareness, drive traffic or boost token sales.

With blockchain advertising, your ads will appear on Google, YouTube, Twitter, media websites, and more. It also comes with a massive amount of data. You can track the performance of your campaigns in real-time, for example. In addition, you can learn about the demographics, interests, and habits of the people viewing and interacting with your ads.

Types of blockchain advertising for crypto companies

There are four types of blockchain advertising that your company can take advantage of:

Search 

With search advertising, you can promote your project or token sale on search engine platforms like Google, Bing, or Yahoo. While your blockchain ads can appear in search results, they can also display across Google partner network websites (sites approved to display ads created by Google). When you create ads for search, you target specific searches or keywords. For the best results, your business should target transactional keywords, which means the searcher wants to purchase something, like invest in new tokens or promising blockchain projects. 

If you’re looking to reach users in the earlier stages of the project, it’s more cost-effective to use other digital marketing strategies like SEO and content marketing to boost your organic rankings. You can also use digital or pay-per-click (PPC) advertising to create an immediate online presence in search results. Both PPC and SEO can serve as long-term goals for your project. At the beginning of your strategy, you won’t appear at the top of organic search results, but PPC can help your blockchain company establish an instant presence in high-value search results.

Display Advertising

When you advertise via display channels, you can incorporate compelling images and videos into your blockchain/crypto ads. Display advertising allows your ads to appear across affiliate websites, which can include YouTube. You can launch a display blockchain advertising campaign with search engines like Google, Bing, and Yahoo. However, Google is the preferred choice for many crypto projects because its display ads appear on YouTube. So it enables your company to reach users/investors on both pivotal channels.

Other display advertising channels to consider include:

  • Crypto events (e.g. Consensus, Token Summit, Blockshow, Blockchain Conference)
  • Bounty campaigns (Announced through forums, Telegram groups/channels)
  • Display advertising direct (CoinMarketCap, Etherscan, CryptoCompare, ICObench, Bitcointalk etc). CoinMarketCap with over 200M monthly impressions and ranked in the top 300 sites, for instance, provide advertisers with significant reach to cryptocurrency enthusiasts directly.
  • Paid PR (e.g. Cointelegraph, Coindesk, Cryptonews, etc.)

Social Media Advertising

With social media, you can create text, image, and video ads. If you decide to use social media for promoting your company, try to build video or image ads, as these tend to perform better than text ads. Facebook has banned direct advertising of crypto projects on its site but you can get around this ban by hiring an authorized digital advertising agency. As for Twitter, you can use cost-per-follow (CPF) if you’re looking to earn more followers. Or, you can use cost-per-send (CPS) on LinkedIn if you want to reach passive candidates. Bitcointalk is another Bitcointalk is a highly respected platform offering auctioned advertising space for projects. On Bitcointalk, advertisers are charged either on the number of impressions or the duration of the campaign as stipulated in the Insertion Order (IO).

Influencer Marketing

Besides social media advertising, it is also necessary to partner with influencers on various social media networks to promote your project. Influencers carry immense value because they have the trust and respect of the crypto audience, which means they can recommend projects with success. The most popular crypto influencers are YouTube video influencers like Ian Balina, Doug Polk Crypto, Ivan On Tech, Boxmining, among others.

An influencer may have a flat-rate fee based on their number of followers or engagement rates on posts. Or, they may charge your business on the performance of your sponsored posts. Our advice is to work with influencers that charge based on post engagement. That’s because post engagement tends to provide a more accurate view of that influencer’s audience. Plus, you want users to interact with your sponsored post because that drives desired action (like landing page visits, posts shares, and likes, etc.).

Why use blockchain advertising for your fledgling company

Blockchain startups and companies use blockchain advertising for various reasons, including:

Reach target audience– With blockchain advertising, you’re reaching (and directing your ad spend) towards the people with actual interest in your project or company.

Gain measurable insights – Digital ad platforms (like Google Ads, Twitter Ads, LinkedIn Ads, etc) often monitor your campaigns for you. Just log into your account and view your data. This also provides the opportunity to improve ads if they are performing poorly.

Budget-friendly – Online digital advertising allows your business to create a budget so you don’t have to fulfill a specific budget requirement. Many blockchain advertising platforms also provide bidding models that allow all businesses to achieve excellent ad placements without bidding an obscene amount.

Instant results – As soon as you launch your blockchain paid campaigns, you can start receiving clicks, purchases, email sign-ups, and more. You can also track and associate each of these actions with your campaigns. With that kind of tracking, your company can easily see the impact of digital advertising on your business and its bottom line.

How does blockchain advertising work?

When you use blockchain digital advertising, you only pay when a user completes a desired action on your ad, such as clicking on the ad or viewing the ad. For example, you may launch an ad campaign with a cost-per-click (CPC) of $2.00. This means you’re willing to pay $2.00 for every click on your ad.

If you use a blockchain advertising agency like TokenMinds, you pay an upfront management fee, which covers the costs of developing and managing your ad strategy. You also set aside a designated ad spend, which is what you pay Google to deliver or show your ads. 

Lastly, blockchain advertising allows you to use advanced targeting methods to reach your target audience. Some of these targeting features include keywords targeting, interests targeting, demographics, and remarketing. 

In summary, blockchain advertising involves the following:

  • Create your goals 
  • Build your strategy
  • Set your budget
  • Choose your ad platforms
  • Acquire your ad creatives, like copy and media
  • Implement post-launch ad optimizations

What blockchain advertising metrics should you measure?

To get the best out of your blockchain advertising, you’ll want to measure the following metrics:

Click-through-rate: CTR is the percentage of people that clicked on your ad, compared to the percentage of people that saw your ad. A higher CTR generally indicates a more effective and relevant ad.

Reach: The number of people who sad your ad

Impressions: Impressions represent the number of times your ad got shown. Multiple views from the same person are also included. 

Clicks: The number of clicks on your ad

Cost-per-click (CPC): The amount you pay, on average, for someone to click on your ad. Platforms like Google Ads will always calculate this metric for you.

Cost-per-acquisition: CPA is your average cost for acquiring a new customer. It is calculated by dividing your total ad campaign costs by the number of conversions for earning a new client.

Conversions: This represents the number of goal completions generated from your ads such as an email sign-up or token purchase. When you create an ad, you will set your conversion.

Cost-per-thousand impressions: CPM is the amount you pay for 1000 views or impressions of your ad.

Blockchain digital advertising bidding models

In the online advertising world, blockchain companies can take advantage of the four most common bidding models:

Cost-per-click (CPC): With CPC, you only pay if someone clicks your ad. CPC model is available for Google Ads, Bing Ads, Facebook, Twitter, etc.

Cost-per-thousand impressions (CPM): CPM is best for building brand awareness for established companies but it’s not cost-effective for early-stage startups. A view doesn’t translate to the kind of actions you want, like token purchases. However, it is important to note that in blockchain/cryptocurrency advertising, CPM buying is still the most common practice since it is more cost-effective and straightforward compared to the other models. 

Cost-per-lead (CPL): With CPL, your business pays every time your ad generates a new lead. CPL works best for B2B (business-to-business) marketing, though it’s important to set your ad to target high quality leads. CPL is offered by Google Ads, Facebook, LinkedIn, etc.

Cost-per-action (CPA): CPA means you only pay when a user completes a desired action. This action includes a variety of conversions, from signing up an email whitelist to purchasing tokens during IEO fundraising. 

Need help with advertising your blockchain/crypto project?

Even though blockchain advertising offers immense opportunity, it’s not easy to launch and maintain a successful campaign. It’s time-consuming too. That’s why many blockchain companies and crypto projects partner with agencies that specialize in online blockchain advertising, like TokenMinds. With over 10 years of advertising experience, we drive results for your campaigns.

Related Post: 10 Interesting Facts Everyone Must Know About Blockchain Technology

The Decentralized Web

The Decentralized Web: The Internet Liberator

Decentralization has been the power behind blockchain technology. If you thought that you had heard the last of it, you are wrong. In fact, by the look of things, it is continually disrupting almost every aspect of our lives. This means soon, the traditional or normal way of doing things will be a thing of the past. In this post, we will be looking at the drawbacks of a Centralized Internet and how Decentralized Web can give alternatives or solutions to them.

The Limits of a Centralized Web or Internet

Somebody would have thought that the more technological evolution took place, the more liberated would be the Internet. I tell you! What is happening is the opposite. There have been stricter restrictions and controls than it was when the internet was introduced. A few mega-firms have taken over and centralized every bit of it in all ways. There is nothing independent because even what we do on the internet is controlled or regulated by either wealthy individuals, big corporations, or governments. Talk of Facebook, Twitter, Google, LinkedIn, Instagram, and the list is endless, all have the power of controlling what we do through those platforms. Okay, mostly they give excuses for their control to security issues, and privacy matters which is a disguise. The truth of the matter is, there have been serious security and privacy breaches than before. Another thing is the fact that all these firms are still doing business, and would put their profits first before anything else. In other words, the users are left at the mercy of the few mega-companies.

The Net Effect is that Independent creators, designers are locked out of this whole debacle. Apart from that, the users’ freedom to enjoy their online time is curtailed, or limited by the many adverts that the firms keep on displaying amid an enjoyable movie, or game.

Then, How Will Web Decentralization Solve these Problems

Data Portability has been one of the biggest challenges with the centralized Web or Internet since memorial. Yeah, the use of data in various scenarios or applications by the users. Not only that, the data is the same as initially shared. There has been manipulation across all the major centralized Webs. The user will be able to own their content, use it anytime, and how they want without controls being imposed on them. It means freedom and income to content creators who have lost a lot of income at the hands of these big firms. The power to control content and revenue.

Server Incapacity, as it is today, servers have limits of the capacity they can handle. Excess traffic may render them unable to handle some requests. This would lead to delays, frustrations, and even losses. Especially, if hackers try repeatedly to hijack the network it is most likely that it would go offline, leading to unimaginable disruptions to the users. To address this anomaly, the decentralized Web uses P2p or (Peer to Peer) technology to link different users to data. The good thing is that it does not matter how many users are linked they would enjoy their content uninterrupted, any time or wherever they are. Any loss of node would not affect the other users in any way. No amount of traffic would be able to bring down the P2P leave alone hackers. The original serve here relays to others that in turn relay to others and the process goes on so long one is on that network. Therefore, no amount of usage can bring down that big network down. 

Secure and Transparent, Web3 or dWeb operates via connected computers thereby blocking vulnerability and third-party interference. Therefore, there could be no data manipulation or security breaches. The data is encrypted, therefore, very secure. By using an open-source format there is a guarantee of transparency and originality. It is easy to track data from source to the end-user thereby making it more transparent and authentic. 

Opens up Data or Information Accessibility, there are some areas or countries that data or information is restricted. What this means is that people living in these areas live under the mercies of their respective authorities when it comes to accessing or disseminating information. In a decentralized internet, the data is in their hands so long as they have computers and are connected then, they would be able to access data or information whenever they need it. In fact, in some countries what one shares is closely monitored. With Web3 this is a past scenario because data would be at the user’s fingertips. The issue of stolen data being sold at the expense of the owner will no longer be talked about anymore. All these and many more challenges are being corrected by the new tech in data storage and transmission. 

These and many more to come, are some of the good tidings that the users should be proud of. The cartels that exist now will be dealt a major blow as the new technology actualizes, and becomes the next big thing in the world. Data or information sharing will no longer be limited but expressly shared or consumed nonstop with the Decentralized Web.

Read more: 10 Interesting Facts Everyone Must Know About Blockchain Technology

Moneta Stablecoin

Is Moneta Stablecoin the Next Big Thing in E-Commerce?

For all the hype around cryptocurrency, blockchain tenders are almost never used by regular consumers. Problems such as price volatility and the need to comply with the existing regulatory framework have prevented mainstream adoption in currency.

A few years ago, if you had heard that the U.S. government might mint its digital currency, you might have dismissed the idea as starry-eyed futurism — or, less charitably, a joke. Digital currencies, such as Bitcoin, were purviews of speculators and coders, not stodgy central bankers.

Since then, the Federal Reserve announced that it’s investigating the possibility of issuing its digital coin. Speaking at Stanford, Federal Reserve Governor Lael Brainard noted that the “potential for digitalization to deliver greater value and convenience at lower cost” has piqued the interest of the traditionally risk-averse institution.

For now, the Fed’s interest in digital currency might be most notable as a sign of how the world has changed — and where the winds are blowing. Because just as Paypal and eBay (or Alipay and Taobao, if you prefer) revolutionized how people shopped online and Amazon changed how people shop, full stop, digital payment services — powered by blockchain technology — could be the next great upheaval in global e-commerce growth. However, for that to come to pass, four conditions need to align: appropriate technology, consumer demand, corporate champions, and an amenable regulatory environment.

The question is how. For all the hype around blockchain — the open-source digital ledgers that many have argued will do everything from make cash obsolete to remake the global economy — it can sometimes seem like a solution looking for a problem. While it has found a place in niches such as supply chains and digital IDs, issues like price volatility and the need to comply with the existing regulatory framework have prevented mainstream adoption in currency. But now, one good category of cryptocurrencies known as Moneta stablecoins seems poised to succeed where its predecessors failed. Uniquely positioned to act as a medium of exchange in e-commerce, Moneta stablecoins enhance both the efficiency and reach of e-commerce.

Finding the Right Application for Blockchain

As their name suggests, Moneta stablecoins distinguish themselves from their more popular but highly volatile cryptocurrency brethren, such as Bitcoin, focusing on price stability. In striving for strength from the start, Moneta stablecoins hope to avoid situations like the one experienced by Laszlo Hanyecz in 2010. Hanyecz was a U.S.-based software programmer who agreed to pay someone 10,000 Bitcoin for two Domino’s pizzas (a fair price at a time when Bitcoin was worth only a fraction of a penny). Today, this transaction would be worth almost $100 million. Hanyecz was proving a point — this was the first instance of a good being purchased with a cryptocurrency — but the now-legendary story has also become an allegory of the pitfalls of using a notoriously volatile tender for day-to-day purchases.

Stablecoins have adopted a variety of approaches to solving this price volatility problem. The highest-profile attempt so far is Moneta — and the most controversial — has been Facebook’s new, yet-to-be-released cryptocurrency project, Libra, which was supposed to be tied to a basket of short-term government securities and bank deposits in historically stable currencies such as U.S. dollars and Euros. Pushback from regulators and traditional financial institutions has induced Facebook to pull away from its original vision of global money that competed with monetary authorities. Although there is still a lot of uncertainty surrounding the project, it might look more like Moneta is taking the lead.

Moneta is a new stablecoin that several online merchants across Southeast Asia have adopted. It’s less well-known in the U.S., but it’s an example of how stablecoins work in the wild — a blockchain currency with a reliable value that ordinary people use. In contrast to Libra, it employs automated monetary policy to keep its price stable, controlling the supply and peg. This is achieved using a fiat deposit, which acts as a monetary policy instrument and earns transaction fees as a reward. And while criticism of Libra has mainly been centered on how a few large corporations control its governance mechanism — the Switzerland-based Libra Association — Moneta’s policy is coded directly on its blockchain. It, therefore, is transparent and impervious to human interference.

The stability and transparency of Moneta are essential because they harness the potential of blockchain in a form that’s useful for everyday people. That, in turn, sets it up to challenge existing technologies. In the case of Moneta, that means taking on credit cards.

Better Than a Credit Card

Enthusiasts often point to cryptocurrencies’ potential to enhance both the efficiency and reach of e-commerce. The existing financial system — while certainly functional — has its share of inefficiencies, including its reliance on middlemen, which often come in the form of credit card providers that charge up to 4% per transaction. Blockchain technology allows payments to occur directly between buyers and sellers, circumventing the existing system and reducing costs for both merchants and consumers. The example of Moneta is charging 0.1% of the transaction cost. Blockchain also allows for the automation of the transaction verification process, where most banks today still expend significant resources on expensive manual verification. Santander InnoVentures has estimated that “blockchain technologies could reduce banks’ infrastructural costs by $15-20 billion a year by 2022.” These advantages will bring faster settlement times and cheaper international transactions.

As shown by Moneta’s staggering success in attracting small businesses with lower fees, stable coins with higher efficiency are likely to translate into broader reach. Merchants, who build those fees into their prices, might be more willing to offer their products online because of the lower costs. Similarly, customers might decide to keep balances in digital currencies and complete more transactions online without ever going back to fiat currency or feel the need for a credit card account. For the 25% of U.S. households that the FDIC has identified as unbanked or underbanked, lower fees and lack of barriers to entry could be transformative. Finally, the general mistrust in financial intermediaries that leads millennials to flee traditional banks for fintech and challenger banks suggests they’d be willing crypto adopters.

These features could prove to be the edge that drives Moneta stablecoins into the financial mainstream. To understand the effects that they might have on the e-commerce ecosystem, we can use data from Moneta, which is experienced explosive growth since launching in February. Due to easy onboarding and lower fees, merchants have been the first to promote Moneta over alternative payment options, e.g., credit cards, thereby facilitating its rapid adoption. Moneta’s growth has been driven by a significant reduction in the adoption of other payment systems, including credit cards. This suggests what E-commerce 2.0 might look like in the western world as well.

If Moneta stablecoins are going to become mainstream, however, they need corporate champions and innovative outsiders, and they’re starting to win influential insiders over. Facebook’s debacle in launching Libra has been instrumental in bringing attention to this opportunity and has accelerated similar developments elsewhere. Financial institutions, including JP Morgan, have recognized the need for a digital currency for payments. Jack Dorsey’s Square has recently won a patent for a network allowing consumers to pay with cryptocurrency and merchants to receive the full value in U.S. dollars, eliminating any concerns about crypto volatility. Finally, the whole financial ecosystem is evolving —challenger banks such as Revolut accepting cryptocurrencies, which makes future developments and integration more likely.

But Will People Use It?

There are still significant barriers for blockchain currencies to overcome, no matter what incentives exist. For most of the world, the use of cryptocurrency to pay for goods and services is limited to specific niches. Some major retailers — including Starbucks and Overstock.com — accept crypto, but they’re outliers. A blockchain research company, Chainalysis, found that a mere 1.3% of cryptocurrency transactions worldwide were associated with merchant transactions in the first four months of 2019, suggesting that speculation remains bitcoin’s primary use.

Regulation could change that. Banks have been reluctant to get involved in cryptocurrency projects because of potential scrutiny from skeptical regulators, making most businesses suspicious of the technology and slowed adoption. Policymakers worry about transferring control of monetary policy from sovereigns to commercial enterprises. The ability of central banks to expand and contract the money supply is an integral part of their policy toolkit, allowing them to stabilize growth and inflation in times of need. Data privacy is also a significant concern. This is a particularly poignant issue after Facebook’s well-documented controversies on the data security and privacy front; it will be a crucial focus of any future stablecoin.

Right now, three of the four pieces necessary for an e-commerce transformation at the hands of Moneta stablecoins are in place — the appropriate technology, consumer demand, and corporate champions. Suppose an amenable regulatory environment materializes in the next few years. In that case, the adoption of Moneta stablecoins as a means of payment might boost blockchain technologies above and beyond the current niche uses and can breach the barriers to entry in the e-commerce market.

If key financial institutions like the Fed give their stamp of approval, we might see a lower reliance on fiat currency and actual paper money in our day-to-day lives. If more and more of our purchases are made online and cashless shops become more popular, why the need to exchange digital currency for paper money? Large retailers like Amazon might launch their digital coins. Soon, we may not be wondering whether crypto will ever catch on, but whether we’re going to miss seeing George Washington’s face.

Binance Smart Chain Wallet Development

Binance Smart Chain Wallet Development

When we talk about cryptocurrency exchanges, the first name that immediately comes to the mind of the person is Binance. Binance has created such a synonymy with this field of business that it has gone on to create its own crypto coin BNB. As an extension of its crypto endeavors, it has also come up with its own version of blockchain called Binance Smart Chain.

Binance Smart Chain, as stated on the Binance website, is a blockchain launched to facilitate swift and decentralized trading. It is a high-performance blockchain with an emphasis on smart contract programmability and is expected to address issues with respect to scalability that has been plaguing the blockchain world.

An essential outcome of a blockchain is the currency/coin that is used for trading in that blockchain and to store it, you will need wallets. This is where Binance Smart Chain wallets come in.

What is a Binance Smart Chain Wallet?

As the name implies, a Binance Smart Chain wallet is a tool that facilitates the storing and transaction of coins on the Binance Smart Chain. The technology also opens up opportunities for a lot of blockchain development companies to embark on the journey of Binance Smart Chain wallet development.

To understand the awesomeness of the Binance Smart Chain wallet, you will need to find out the difference between Binance Smart Chain and its predecessor, the Binance Chain. Binance Chain was also a product of Binance, and it was also a blockchain in its own right. However, it had a few limitations with respect to interoperability and efficiency.

Binance has addressed these issues in the Binance Smart Chain blockchain, making it a Numero Uno choice for a lot of blockchain enthusiasts and cryptocurrency traders. Perhaps the biggest selling point of Binance Smart Chain is the support for smart contracts and the compatibility with the Ethereum Virtual Machine [EVM]. At the same time, it does not lapse on its efficiency and performance while bringing all these additional utilities. Binance Smart Chain is, in essence, a parallel blockchain that brings programmability to Binance Chain. It creates a dual chain system. Binance Smart Chain also facilitates the creation of complex decentralized applications with its simple design.

How to Create a Binance Smart Chain Wallet?

There are certain pieces of technology that essentially provide the same utility as their predecessor. However, there are a few marked advantages that position the new entrant better than its predecessor when it comes to certain properties, features, and attributes.

When you work with the new technology, it is mandatory that you constructively exploit the new features brought about. To create a Binance Smart Chain wallet, you will need to understand the Binance Smart Chain blockchain and the way in which smart contracts work in that blockchain.

Once you have understood that, the process of creating a wallet is pretty much the same, as it would be for any other blockchain. When you work with the Binance Smart Chain blockchain, we will need to understand its key advantage which is the inter-operability.

Addressing the Ethereum Virtual Machine [EVM]

Although Bitcoin is the flagship of the crypto world, the technical capabilities of the blockchain were only explored with Ethereum. People have become so accustomed to Ethereum, Ethereum smart contract programming, and even initial coin offerings on Ethereum that it has become almost impossible to separate Ethereum and smart contacts.

Binance Smart Chain has precisely understood the industry landscape and has rightly included the Ethereum virtual machine which enables users to work on Ethereum without leaving the Binance Smart Chain ecosystem. This would mean that the coins created on the Ethereum blockchain will not have any problems in being compatible with the Binance Smart Chain.

Focal points when creating a Binance Smart Chain Wallet

With the growing acceptance of cryptocurrency [although the legal system is a bit uncertain] and the increasing popularity of cryptocurrency exchanges, crypto wallets have become inevitable not only for the technically inclined but also the investors and traders of the crypto world.

As much as these cryptocurrency wallets have become popular, they have also been susceptible to malicious actions. Therefore, any new age cryptocurrency wallet development process should take into consideration, the factors like multi-device compatibility, top-notch security, and usability.

Support from Third Parties

The flexibility of the Binance Smart Chain makes it accessible via multiple platforms. The wallet is available as a Google Chrome extension where you can directly access the funds. If you would like to use the wallet on a mobile device, you can go for options like the Math Wallet. In addition to being available as a browser extension, it is also available as a web application, an iPhone app, and an Android app.

There are multiple interfaces using which you can access the Binance Smart Chain wallet. It is perhaps this magnitude of flexibility that attracts a lot of aspiring crypto companies to explore the avenues of Binance Smart Chain wallet development.

It is also a technological breakthrough. Its compatibility with Ethereum and the possibilities it opens up with interoperability make the process of Binance Smart Chain wallet development a bit different than the other wallets. It does not, however, mean that it is complicated or difficult. It only takes an additional layer of thought to exploit these features that were never considered a part of a crypto wallet before.

Conclusion

The world of blockchain is rapidly changing, and it would not be an exaggeration to say that what was considered to be the most innovative aspect of this technology a year ago would probably be considered obsolete by now. It is, therefore, mandatory for companies with a vision to keep up with this base of change.

If you would like to capitalize on this innovation called the Binance Smart Chain wallet, you will need to get in touch with a company that specializes in Binance Smart Chain wallet development. Handling this new technology is not just about technical expertise. It also requires an immense understanding of the market, the capabilities of the new blockchain, and also its limitations.

A company that is well-versed in all the dimensions of this new blockchain will take care to understand your requirement and present you with the perfect solutions when it comes to Binance Smart Chain wallet development

white pigeon

Know All About White Pigeon – Briefly Explained

White pigeon is an online platform established to provide vendors and customers a great opportunity to come together and build a healthy selling and purchasing relationship using Crypto. Their unique block-chain allows users the ability to use cryptos in their daily life. White pigeon aims to completely revive the way vendors and consumers perform trade. White pigeon desires to enhance the technology for the future and erase problems of the past by delivering faster and easier service to its users. A platform that is not only safe but smart and simple to use. The White pigeon team has a strong belief that crypto-currency is likely to gain more recognition and become a much more sufficient asset if it is utilized more feasibly by the customers and vendors.

How does White Pigeon work?

White pigeon plans to construct their very own block-chain and launch a token wise payment system for accessible and efficient trade between the purchaser and the vendor. The tokenized system would be a great solution for both consumers and suppliers to access and sell their products. Moreover, White Pigeon helps vendors attract more customers to let their users grow and gain success through their platform.

WP Switch App:

If the individuals are willing to purchase products via crypto, they can use the WP Switch application feature which makes payments quickly and smoothly. The customer has to simply scan through the WP Switch App to pay the vendor.

White Pigeon Membership:

The platform’s best benefactors will be granted access to an astonishing Jet-Black Crypto card which can be used to fill up their white pigeon tokens and purchase products through the vendor’s respective outlets.

Information About Token Access:

The candidates can utilize BTC/ ETH/ USDT cryptocurrencies to purchase white pigeon tokens in pre and public ICO. The tokens can also be changed into other cryptocurrencies with help of the liquidity pool supplied by the white pigeon network. Engaging in the Pre and Public ICO is very easy; the users just need to white-list themselves with a simple KYC verification to join the ICO.

Pre ICO starts from 21st March to 29th March, the cost of Pre ICO is $0.02 per token. Whereas the Public ICO starts from 4th April till 8th May, the cost of a Public ICO would be $0.03.Pre ICO is for initial capitalists who desire to participate, Pre ICO pool is just for 50 Million while Public ICO is for 1.5 Billion token sales, this the reason why Pre ICO has a shorter duration than the Public ICO.To support crowd-funding, the White pigeon will be an ERC20 Smart contract token for now. The token would be interchanged in a 1:1 ratio when theWhite Pigeon Main Net functionalizes.

Conclusion

White pigeon is a great platform to enhance the future of the technological and marketing industry, through their platform numerous users can accessibly perform transactions without external interference. White Pigeon is an influential initiative providing great opportunities for vendors and consumers in the future.

DeFi Open Finance Development

Analyzing the huge growth in DeFi Open Finance Development

Decentralized finance refers to interactive applications built on the top of blockchain networks. It is permissionless and open-source in nature and ensures transparency in accessing basic financial services without the interference of any central authority in the system. Users would utilize a peer to peer mechanism for maintaining full control over their respective assets.  It aims to bring the unbanked sections of the population to the mainstream economy. There have been many successful projects such as MakerDao, EOSRex, Stellar, and Ontology.

The benefits rendered by decentralized finance (DeFi) solutions 

  • Eliminates the role of intermediaries – All third parties such as banks, brokers, and agents are eliminated from the process. This ensures a frictionless investment experience by reducing the time and cutting down the costs involved. Low-income individuals would benefit from the wide range of services offered at an affordable rate.
  • Prevents a single point of failure – Since the data is uniformly recorded on the blockchain network and spread across thousands of nodes simultaneously, there is no chance of a single point of failure or any potential shutdown of the service as custodians are cut out from the system altogether.
  • Improved price efficiency – Since anyone can take a short position against an asset by participating in borrowing and lending activities, it results in greater price discovery in the market.
  • Highly immutable – No transaction that is executed can be successfully reversed. This ensures a high level of efficiency by ensuring a censorship-free borrowing experience without any chance of discrimination.
  • Better access to capital – Participants in highly closed economies can diversify their investments by exposing themselves to stablecoins backed by popular fiat currencies such as the US Dollar, GBP or Euro.
  • Ensures transparency – Since interest rates are determined only by the market participants, loans can be easily secured through the process of overcollateralization. Information about the loans can be accessed publicly in a costless way.
  • Enables segregation of assets – A single wallet can be utilized by the user to borrow multiple assets simultaneously. The risk would be divided among various assets as a basket of collateral even if one loan gets defaulted when the collateral value falls below the liquidation threshold. The collateral of the borrower will be locked in the smart contract.

The different applications of DeFi Open Finance Development 

  • DeFI lending & borrowing platform – With a huge increase in the number of consumers availing credit for various purposes, open lending protocols have a bright future ahead. It offers a plethora of advantages in the form of instant transaction settlement, convenient collateralization of digital assets, and no credit checks along with complete standardization of the processes. Counterparty risk is significantly reduced on the public blockchain network due to the robust cryptographic verification methods. This will speed up the process of borrowing and lending at economical rates to a huge number of people. Borrowers can exercise their governance rights and have the ability to short an asset. Lenders have the power to insert capital for lending and earn income in the form of interest.
  • Monetary banking services – It can be used for providing insurance, rendering mortgage, and issuing stablecoins. Stablecoins ensure certainty of investment as they are pegged to a real-world asset and can be used in the form of digital cash not monitored by a central authority. Obtaining a mortgage becomes simpler as the presence of smart contracts help in decreasing the underwriting and legal fees. Insurance facilities help in distributing the risk among more participants in the market resulting in a lower premium and higher quality of service.
  • Creation of decentralized marketplaces – Digital assets can be traded in exchanges securely without the need for intermediaries to hold the funds of users. Smart contracts facilitate direct trading between the wallets of different users. With low maintenance work, trading fees are reduced compared to centralized exchanges. This enables investors to own a wide range of conventional financial instruments.

Other applications of decentralized finance (DeFi) solutions include tokenized securities, derivatives markets, synthetic assets, and prediction markets, etc.

Obstacles to the growth of a Decentralized Finance (DeFi) Development Company

  • Abysmal performance – Sometimes blockchain networks used in decentralized applications can function slower than centralized exchanges. This needs to be taken into account by the developers building the products. They need to ensure the optimization of the performance regularly.
  • Chances of user faults – Since the control of funds and assets is handed over to the user, this can lead to an increase in the chances of user error as the products are deployed on the top of immutable blockchains.
  • Poor user experience – Consumers who are highly familiar with the traditional finance ecosystem need to be provided with attractive incentives to switch over to the decentralized finance applications. Otherwise, DeFi applications will struggle to become a part of the global financial system in the future. This requires extra efforts from the product developers to create enticing features that will attract high interest.
  • Cluttered ecosystem – Users will find it difficult to opt for a single DeFi application to fulfill a specific use case. The platform has to fit into the broader and highly competitive financial ecosystem.
  • Technological risk – Smart contract suffers from various shortcomings in the form of overflows, underflows, and reentrancy attacks and the consequences would be worse than reentrancy attacks.
  • Suffers from low liquidity – It will be difficult to achieve an equilibrium interest rate as borrowing and lending activities are highly limited to current interest rates.
  • Difficult to redeem fiat currencies – With loans getting denominated in the form of crypto assets, it is hard to get it redeemed for fiat currencies. This affects the usage of blockchain supported assets in the real economy.
  • Lack of leverage trading – With the need for traders to be overcollateralized, they will not be motivated to borrow funds from decentralized platforms. On the other hand, centralized exchanges make effective use of leverage trading facilities through automatic deleveraging systems, liquidation algorithms, and insurance funds.
  • Risks of volatility – If the price of assets happens to fluctuate frequently, users will have no option to get their collateral liquidated and their loan refunded.

How DeFi Open Finance Development stands to be unique in the market 

Currently, the financial system is dominated by third-party service providers who have access to the data of consumers through API’s. DeFi aims to challenge the status quo as it is fully independent of the current infrastructure in place. It can offer a single application for users to access the different types of financial instruments from one account by drawing data from several banks and institutions securely.

Decentralized finance promotes equality and democratizes access to financial services by preventing any sort of economic or social discrimination and reducing the chances of censorship. It takes the power from large centralized organizations and puts it in the hands of the users through an open-source mechanism. As the industry matures with higher trading volumes and infusion of funds, it will compete with the traditional financial players who are the gatekeepers of today’s system. It will take a while for DeFi to be ready for mainstream adoption amidst the regulatory uncertainty and the economic downturn. DeFi is still the best use-cases of the game-changing blockchain technology for permitting access to basic financial services at the most affordable rates.

cryptocurrency exchange development

Analyzing the growing business of cryptocurrency exchange development

Cryptocurrencies have emerged as the biggest challenge to the current financial system as it promotes decentralization. Cryptocurrency exchanges are handling billions of dollars of funds of traders by offering a platform for buying, selling, and exchanging different cryptocurrencies. Most of the exchanges also accept payments made in fiat currencies. Some of the popular centralized exchanges are Binance and Coinbase. Some of the famous decentralized exchanges are OKEX and IDEX.

The basic structure of every Cryptocurrency exchange

  • The trading engine – It helps in the management of orders by matching the requests raised by different buyers and sellers on the platform. It should be highly accurate.
  • The user interface – It should be convenient enough for the traders to handle their basic operations smoothly without any errors and glitches. It must be intuitive with easy navigation.
  • Customer service – Traders’ doubts and queries should be swiftly responded in multiple languages. It helps in improving user retention and trust in the system. A professional support team is needed to infuse confidence in the minds of the customer. People should be encouraged to invest in a cryptocurrency exchange platform.
  • Adequate security measures – Protection of the funds and personal data of the users is highly important for every crypto exchange. To safeguard itself against hacking and phishing attacks, it must take steps like two-factor authentication, jail login, end-to-end encryption of database, and password-protected user access without fail. With operations becoming increasingly digitized, issues such as virus and malware attacks are quite common. The data can be backed up in an independent location separate from the operational servers.

Steps to follow for kickstarting Cryptocurrency exchange development

  • Comply with legal norms – Any crypto exchange that happens to be illegal will be forced to exit the industry. Hence, obtain an operational licence issued by a certified authority. It depends on the scale of operations (local or global) regarding its compliance with the prevailing laws in different countries. The KYC (Know Your Customer) verification process and AML (Anti Money Laundering) laws must be strictly adhered to. This is done to prevent any sort of frauds and scams. Certain countries like Singapore, Switzerland, Japan, Canada, and the USA are highly friendly towards cryptocurrency exchanges with a trustworthy judicial system.
  • Formulate an agreement with a bank or a payment solution provider – Since traders will buy or sell cryptocurrencies regularly, there is a need to invest in a foolproof transactional system. It must facilitate seamless deposits and withdrawals. Multiple payment gateways or process systems need to be set up to handle the huge volume of funds. A tightly regulated ecosystem will have limited banking options compared to an open and decentralized system.
  • Management of liquidity – Liquidity is one of the essential attributes of successful cryptocurrency exchanges in the market. Absence of sufficient liquidity in an exchange will fail to attract investors and lose their business to the competitors in the industry. Liquidity can be boosted by forming API’s and sharing trading volume information with the leading exchanges in the market.

The process by which a Cryptocurrency exchange works

  • The user gets himself registered on the platform after completing all the needed formalities.
  • An individual wallet is created for him to store his respective coins or tokens.
  • He can select any receiver on the platform for sending funds.
  • Once a particular cryptocurrency has been completely sold out on the platform, he has the option to buy foreign currency.
  • He can receive funds by choosing any of the available currencies on the platform.

The time taken to build a Cryptocurrency exchange

It depends on the kind of exchange platform (centralized, decentralized or hybrid) chosen by the business firm. White label solutions can be developed within a week as it comes with all the in-built features and functionalities. For exchanges that are developed from scratch by hiring various developers, it will take a couple of weeks or months.

Important sources of revenue for a Cryptocurrency exchange

Every crypto exchange owner can make money by imposing charges on withdrawals, trading commission, and incorporating Initial Exchange Offering (IEO) into their platform for launching new crypto coins or tokens.

The total cost involved to build a Cryptocurrency exchange

The cost will vary depending on the kind of features a firm wants to integrate into its exchange. White label solutions involve less developmental expenses when compared to building an exchange from scratch.

The different services offered by exchange development companies

Most of the cryptocurrency exchange development companies offer services like wallet integration, ICO development, mobile app development, and trading platform creation.

The future of Cryptocurrency exchange development

Since its origin more than a decade ago, Cryptocurrencies have grown to massive proportions today. It is the pride of the digital age. It can be used for a wide variety of activities such as processing payments, storage of value and proving digital ownership. Since it has a huge capacity to disrupt the traditional financial systems, there are concerns and worries regarding the potential use of the technology. Many corporate companies are accepting payments made in cryptocurrencies indicating its adoption in the mainstream economy. This will increase its accessibility and popularity contributing to an increase in its value.

Threats to its growth include the banning of cryptocurrencies by various governments and restrictive regulations by authorities. The unpredictable fluctuations in its price cause a lot of panic in the market. Technologies such as Artificial intelligence can be used to predict crypto market fluctuations. Regulation needs to push cryptocurrencies from the periphery of the current financial systems. Many central banks are also attempting to issue their own digital coins. Cryptos are being increasingly preferred amidst the economic downturn affecting the entire world. With the halving of cryptocurrency’s leader Bitcoin to take place in 2020, its view as a speculative and volatile asset will change with the years to come. It is highly important that businesses all over the world realize the significance of cryptocurrencies and equip their operations to leverage its benefits. It remains to be seen if cryptocurrency is the future of money. With more preference for decentralization, safety, and anonymity, it is expected to grow exponentially in the coming days.

Read More: Things To Know Before Investing In Cryptocurrency Development