Talk to an Expert
Get in Touch

ICO Bounty Marketing: Learning about the role of Bounty Programs

Posted on by Shipra
[fusion_builder_container hundred_percent="no" hundred_percent_height="no" hundred_percent_height_scroll="no" hundred_percent_height_center_content="yes" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" publish_date="" class="" id="" border_size="" border_color="" border_style="solid" margin_top="" margin_bottom="" padding_top="" padding_right="" padding_bottom="" padding_left="" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center" linear_angle="180" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_blend_mode="none" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" video_preview_image="" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0"][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" spacing="" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" hover_type="none" border_size="0" border_color="" border_style="solid" border_position="all" border_radius="" box_shadow="no" dimension_box_shadow="" box_shadow_blur="0" box_shadow_spread="0" box_shadow_color="" box_shadow_style="" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="" margin_bottom="" background_type="single" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center" linear_angle="180" background_color="" background_image="" background_image_id="" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" last="no"][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""] When a new product is introduced to the market, an advertising or marketing strategy is established, and the most essential statistic is the marketing penetration. This penetration makes as many people as possible aware of the firm or project, informs them of what is available, and explains how the new product or service will benefit them. It also leads to more word-of-mouth promotion, which benefits the firm since it is essentially free publicity for them. Since the advent of the internet and social media, social media marketing has become an integral aspect of almost any company's marketing strategy. Indeed, some people depend entirely on social media to market their new company or product. Enter the ICO reward marketing scheme, a novel take on an old concept that is being adopted by emerging blockchain firms.

What is ICO bounty marketing?

A bounty is a prize offered by a group or person to encourage certain work, behaviour, or growth. Referral schemes, for example, may be seen as a kind of reward. A marketing bounty is one such incentive, which is given to people who participate in different marketing activities that promote the ICO via multiple channels. Tasks may involve producing or sharing posts, like existing ones, or commenting on them. Pre-ICO bounty marketing schemes and marketing bounty incentives like this one are critical for raising interest in and driving demand for a new coin. However, unlike software bounties, which may be distributed to a pre-existing online community, this newer incentive type has been hampered by a lack of dependable distribution systems. However, this is starting to change. The reward economy has replaced the need for traditional freelancing for blockchain firms and the cryptography industry in general. In the past, freelancing was seen as a solution to limited corporate resources that were unable to give the requisite insights or scalability. Employing freelancers is no longer a reliable way to increase the reach and effectiveness of marketing initiatives. Marketing bounty incentives enable businesses to broadcast messaging from possibly hundreds of various social accounts, increasing awareness and channel presence in a much more organic manner than previous ways.

The ICO Bounty Framework

It has become somewhat of a trend for cryptocurrency ICO projects that include reward programmes to conduct either a pre-ICO or a post-ICO bounty. Bounties are seldom used in conjunction with ICOs.

Pre-ICO Bounty Programs

These are reward programmes that are carried out before the real ICO. They are frequently done to generate excitement and to boost the cryptocurrency project's profile on social media sites. It's all about raising awareness for the cryptocurrency ICO and spreading the word. To improve market penetration, the framework allows for the use of informal advertising methods. The goal of such rewards is that while participants go about their different activities, the individuals in their circle learn more about bitcoin. The following are examples of frequent Pre-ICO reward activities:

Social Media Campaign Bounties

This includes actions that promote the ICO on participants' social media profiles. The prizes gained are determined by the degree of interaction produced by such postings. This may include retweets, likes, shares, views, and comments. Facebook, Twitter, and YouTube are some of the most popular social media sites for ICO bounty marketing schemes.

Disadvantages of social media bounty campaigns

While a well-executed bounty campaign may do wonders for an ICO's success, the unpleasant fact is that many individuals that participate in the social media bounty programme do not care about the project and are simply interested in making quick money. This, in turn, may lead to poor performance by bounty hunters, who often wind up spamming Facebook groups or the BitcoinTalk Forum in order to obtain as many bounty payouts as possible. Not only does this misuse the system, costing the firm money for little to no value in return, but it may also harm an ICO's legitimacy by seeming to be an unethical marketing effort. As a result, it is critical for entrepreneurs planning to launch a token sale to recruit seasoned professionals for their reward campaigns to guarantee that the campaign yields a favourable return for the project.

Article Writing Bounties

This is for participants who have a big number of followers and readers on their blogs. Bloggers that publish highlighted pieces on the ICO on their blogs may be rewarded by ICO bounty marketing schemes. The incentives, like the social media bonanza, will be determined by the amount of interaction with the articles and blog entries.

Bitcointalk Signature Bounties

This is a well-liked reward for many ICOs. It is available to members of the Bitcointalk community. The ICO issues a signature that includes a code. The amount of stakes is determined by the ranking of the individuals who publish this signature. Most reward schemes are restricted to Bitcointalk Jr. Members and above. At this moment, the ICO is over and money has been raised. Now, it's all about improving bitcoin projects based on community feedback. Post-ICO incentive systems are designed to improve project community feedback. The following are some examples of common Post-ICO bounty programmes:

1. Bounties for Translation Campaigns

This includes translating all cryptocurrency-related papers as well as moderating various forum groups. It is an ideal reward programme for natural speakers of languages such as Japanese, French, Spanish, Dutch, and German, among others. The bitcoin website, white paper, and Bitcointalk ANN discussion are all examples of frequent translation operations.

2. Bounties for Bug Reporting

Bug reporting, in addition to being a successful reward campaign activity, also benefits developers. A good bug report highlights flaws with the cryptocurrency programme or platform in a clear and simple manner. It is vital to remember that there is no clear and fast rule between Pre-ICO and Post-ICO campaign activities. Cryptocurrency ICOs may choose to employ any of the aforementioned activities in either their Pre-ICO or Post-ICO reward programmes. It is typical for a cryptocurrency startup to put aside a proportion of the total coin supply for the reward programme. This amount is generally available on their website, white paper, or Bitcointalk ANN thread.

How to Participate in ICO Bounty Programs

All you have to do is choose a project from an ICO platform and perform the responsibilities allocated to you. A good bounty programme will include the following characteristics:
  • Agreement terms.
  • Requirements for participation in the programme.
  • Posts should be sent out as examples.
  • The software must be executed at a certain time.
  • These are some characteristics you should look for in an ICO project before participating in its reward programme.
  • In addition, below are certain red flag scenarios of ICO bounty schemes in which you should not participate.
  • There is no ICO whitepaper.
  • The Bounty programme has a little budget (500k).
  • Google ads along with advertisements on other social media platforms.

Things to bear in mind when running a Bounty Program

Begin your Bounty Campaign at the Appropriate Time

In our experience, the best time to launch a Bounty Campaign is 20-30 days before the ICO or at the same time as the pre-ICO.

Create an all-encompassing Bounty campaign

A good Bounty Program incorporates all potential avenues of communication with crypto-audiences. Messaging networks like as Telegram, social media platforms such as Facebook and Twitter, self-publishing sites such as Medium and Reddit, and crypto PR channels are examples of these.

Stake distribution should be reasonably balanced

The whole Bounty pool is split into stakes for several sub-campaigns. Sub-campaigns such as Facebook, Twitter, and Telegram often see high involvement, hence the stake allotted to these campaigns should be higher.

Promote the Bounty Program via all available channels

The larger the marketing, the bigger the involvement; the greater the participation, the greater the buzz around your ICO.

Establish a dedicated Bounty Manager

It takes time and effort to manage a Bounty Campaign. It is critical that you maintain a frequent track of all Bounty campaign participants' behaviour so that at the conclusion of the ICO, you only pay your cash to people who successfully completed the tasks they signed up for.

Tracking sheet for each participant

This is a must-do to make the process of keeping track of the chores of hundreds of Bounty Campaign participants easier. Create a Google Sheet for each participant and have the Bounty-hunter send links to completed assignments each time. Because all of their actions will be in one spot, this will save you a lot of time when calculating the stakes gained by each player.

Bounty Campaigns in the Future

Future services will emphasize their efforts on attracting bounty members capable of producing high-quality content for dissemination throughout the network. As a result, we will revert to the practise of targeted placement among bloggers rather than making haphazard efforts to connect with the wider public in the goal of reaching the rare person who is truly interested in a project's message. The most significant impediment to this shift is professional bloggers' refusal to labour for the project's tokens, preferring to be compensated in fiat or bitcoin instead. This inclination stems from a lack of faith in each project or in the future usefulness of the tokens given. Everyone benefits from a shift to a new paradigm of bounty campaigns. Projects will allocate more tokens to fundraising initiatives rather than material that does not reach their intended audience. Bloggers will write more often about initiatives in which they passionately believe, making their words more persuasive and, as a result, boosting their benefits.

Conclusion

In general, reward programmes given by cryptocurrency projects have been beneficial to cryptocurrency fans, particularly those willing to do their own research rather than mindlessly joining every bounty programme that comes along. With the growing popularity of ICOs and similar reward programmes, participants must be more selective in which programmes they join. With regulatory constraints mounting, bounty schemes are expected to face heightened scrutiny, perhaps putting an end to many of the ineffective initiatives that have emerged in recent months. This will not free prospective participants of the need to do their own research, but it should make it simpler to find legitimate and worthwhile reward schemes.

-Contact Us-

SoluLab being the top 3 Blockchain developers can help you build the perfect Blockchain Platforms. Inquire Now [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

-Contact Us-

The World is Upgrading to Blockchain. Don't get confused and take the wrong base technology for your project. Get Free Consultation Now.
Inquire Now

Everything You Need to Know About DeFi Ecosystem

Posted on by Shipra

DeFi (Decentralized Finance) Ecosystem

As we step into 2026, the DeFi ecosystem has evolved from a niche blockchain experiment into a trillion-dollar industry redefining trust, transparency, and access in finance. From decentralized lending and trading to real-world asset tokenization and AI-powered analytics, DeFi is creating a borderless system where anyone can invest, borrow, or earn, all of which can be done instantly and securely.

In this comprehensive 2026 DeFi guide, we’ll explore how the ecosystem works, its key components, the latest innovations, and the challenges shaping its future. Whether you’re a blockchain enthusiast, a fintech startup, or an investor eyeing decentralized opportunities, this blog covers everything you need to know about the DeFi ecosystem in 2026.

What is a DeFi Ecosystem?

A DeFi ecosystem is a network of decentralized financial applications and services built on blockchain technology that operate without traditional intermediaries like banks or brokers.

It uses smart contracts, self-executing programs on blockchains like Ethereum, to handle transactions, agreements, and financial activities automatically and transparently.

The total market size of DeFi is expected to hit USD 231.19 billion by 2030, growing at ~53.7 % CAGR from 2025-30.

Decentralized Finance Market

Within this ecosystem, users can:

  • Lend or borrow cryptocurrencies without banks
  • Trade digital assets on decentralized exchanges (DEXs)
  • Earn passive income through yield farming or staking
  • Tokenize and trade real-world assets

The ecosystem consists of several key components working together:

  • Blockchain Networks (like Ethereum, Solana, Binance Smart Chain, etc.) are the foundation where transactions occur.
  • Smart Contracts to automate and secure financial agreements.
  • DeFi Protocols and Platforms to enable lending, borrowing, trading, and staking.
  • Stablecoins and Oracles to provide price stability and real-world data connections.
  • Liquidity Pools to ensure smooth asset swaps and yield opportunities.

In short, the DeFi ecosystem is building a parallel financial system, one that’s decentralized, efficient, and driven by users rather than institutions.

How Does the DeFi Ecosystem Work? 

The DeFi ecosystem uses blockchain technology to offer financial services without banks, enabling users to trade, lend, borrow, and earn interest directly through decentralized platforms and smart contracts. Key components of the DeFi ecosystem include:

  • Smart Contracts: Self-executing agreements on blockchains like Ethereum automate financial transactions without intermediaries, ensuring transparency, security, and trust between participants.
  • Decentralized Exchanges (DEXs): Platforms that let users trade cryptocurrencies peer-to-peer, eliminating the need for a central authority while maintaining control over their funds.
  • Lending & Borrowing Platforms: DeFi protocols allow users to lend crypto and earn interest or borrow by providing collateral, all managed through blockchain-based smart contracts.
  • Stablecoins: Cryptocurrencies pegged to stable assets (like USD) provide reduced volatility, enabling safer transactions, savings, and lending activities within the DeFi ecosystem.
  • Yield Farming & Staking: Users earn rewards by providing liquidity or locking tokens in a protocol, boosting network security and enabling decentralized financial growth.

Emerging DeFi Trends in 2026

Emerging DeFi Trends

The year 2026 marks a defining phase for the DeFi ecosystem, as it continues to mature, integrate with traditional finance, and evolve beyond crypto-native use cases. Here are the key trends pushing the DeFi development companies this year:

1. Cross-Chain DeFi

In the past, most DeFi protocols were limited to a single blockchain, like Ethereum or BNB Chain. But in 2026, cross-chain interoperability has become a breakthrough. Platforms now enable users to move assets and liquidity seamlessly across multiple blockchains, reducing fragmentation and boosting liquidity access. This multi-chain connectivity is helping DeFi achieve true decentralization and user flexibility.

2. AI-Powered DeFi

Artificial Intelligence is playing a growing role in DeFi, from predictive analytics that forecast market movements to AI-driven asset allocation that maximizes yield. Startups are integrating AI agents that monitor risks, optimize liquidity pools, and automatically rebalance portfolios, making decentralized investing more intelligent and data-driven.

3. Real-World Asset (RWA) Tokenization

One of the most exciting trends of 2026 is tokenizing real-world assets such as real estate, art, bonds, or even carbon credits. By converting physical assets into blockchain-based tokens, DeFi platforms are opening new avenues for investment and liquidity. RWA tokenization bridges traditional finance with decentralized systems, allowing investors to diversify portfolios with tangible, yield-generating assets.

4. Decentralized Identity (DID) Integration

Security and compliance have always been major challenges for DeFi. The introduction of Decentralized Identity (DID) is changing that. DID systems allow users to verify their identity without exposing sensitive information, creating a balance between privacy and compliance. This also makes it easier for institutions to safely invest in DeFi platforms‘ development.

5. Regulated DeFi (RegDeFi)

Governments and financial institutions are no longer ignoring but are willing to invest in DeFi. In 2026, we’re seeing the rise of RegDeFi, where decentralized protocols comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. This trend is paving the way for institutional liquidity, giving DeFi the credibility needed to integrate with mainstream finance.

6. Layer-2 Scaling and Zero-Knowledge Proofs

To handle millions of transactions efficiently, DeFi platforms are adopting Layer-2 scaling solutions and Zero-Knowledge Proofs (ZKPs). These technologies reduce congestion, lower gas fees, and improve transaction speeds while maintaining strong security. As a result, DeFi is becoming faster, cheaper, and more accessible to users worldwide.

CTA1

Benefits of the DeFi Ecosystem

DeFi (Decentralized Finance) is changing how people access and use financial services by removing middlemen and offering a transparent, open, and global financial system for everyone.

  • Transparency and Trustlessness: All transactions are recorded on public blockchains, making data visible to everyone. This builds trust, as users don’t need to rely on banks or intermediaries; the code and smart contracts ensure fairness.
  • Open and Permissionless Access: Anyone with an internet connection and a crypto wallet can use DeFi no approvals or paperwork needed. It empowers people globally, especially in countries with limited access to traditional banking.
  • Interoperability and Composability: DeFi apps (dApps) can connect and work together like building blocks. This flexibility lets developers create new financial tools and services by combining existing ones, boosting innovation and usability.
  • Global Participation: DeFi breaks borders; users from any country can trade, lend, or borrow instantly. It’s creating a truly global financial ecosystem where opportunities are not limited by geography or government systems.

Use Cases of a DeFi Ecosystem

Use Cases of a DeFi Ecosystem

The DeFi ecosystem isn’t just about crypto trading anymore; it’s improving multiple industries by removing middlemen, increasing transparency, and giving users direct control over their money.

  • Banking and Finance: DeFi enables peer-to-peer lending, borrowing, and saving without traditional banks. Users can earn interest, take loans, or trade assets directly using smart contracts on decentralized platforms.
  • Insurance: DeFi makes insurance claims faster and fairer through smart contracts. Policies can auto-trigger payouts when certain conditions are met, cutting down fraud and paperwork.
  • Real Estate: Through asset tokenization, DeFi allows investors to buy fractional shares of properties. This reduces entry barriers and increases liquidity in what was once an illiquid market.
  • Supply Chain Management: By using blockchain transparency, DeFi can finance supply chains securely. It ensures suppliers get paid automatically when delivery conditions are verified, improving trust among parties.
  • Gaming and NFTs: In gaming, DeFi powers NFT marketplaces and play-to-earn models. Players can truly own, trade, and monetize their in-game assets without intermediaries.
  • Healthcare: DeFi can make payments in global healthcare systems. With blockchain-backed transactions, hospitals and insurers can manage cross-border settlements securely and instantly.
  • Energy Sector: DeFi platforms support peer-to-peer energy trading. Users can sell excess renewable energy directly to others, promoting decentralized and sustainable energy markets.
  • E-commerce: DeFi enables global payments without bank fees or delays. Merchants can accept stablecoins or crypto, reducing costs and improving customer convenience.

Regulatory Outlook for DeFi in 2026

As DeFi continues to expand across global markets, regulatory clarity is emerging as a crucial factor for DeFi development companies. Governments and financial authorities worldwide are moving from skepticism to structured regulation by aiming to protect investors, ensure transparency, and encourage responsible innovation.

Let’s explore how different regions are approaching DeFi regulation in 2026 and what this means for the ecosystem.

1. United States:

The U.S. is gradually shifting toward a compliance-first DeFi space. The SEC and CFTC have begun introducing frameworks to distinguish between securities-based tokens and utility tokens, while the U.S. Treasury emphasizes anti-money laundering (AML) compliance.

In 2026, many American DeFi projects are adopting KYC-enabled wallets and on-chain audit systems to maintain legitimacy while retaining decentralization. The focus is on creating “regulated autonomy” for DeFi platforms that operate freely within legal boundaries.

2. European Union:

The EU’s Markets in Crypto-Assets (MiCA) framework has set a benchmark for global DeFi regulation. By 2026, MiCA 2.0 is expected to extend coverage to decentralized protocols, requiring smart contract audits, governance disclosures, and stablecoin transparency.

The European model promotes accountability without stifling innovation, ensuring DeFi startups can grow responsibly under a unified regulatory structure.

3. United Arab Emirates (UAE)

The UAE has positioned itself as a global hub for regulated DeFi (RegDeFi). With supportive authorities like VARA (Virtual Assets Regulatory Authority) and ADGM, the UAE encourages DeFi experimentation under a sandboxed regulatory environment.

DeFi protocols here integrate identity verification, secure wallets, and institutional-grade compliance by making Dubai a preferred destination for institutional DeFi adoption.

4. Asia-Pacific:

Asia-Pacific countries exhibit a mix of approaches:

  • Singapore promotes a license-based model for DeFi projects, emphasizing AML and consumer protection.
  • Japan has introduced clear guidelines for DeFi token classifications and DAO operations.
  • India and South Korea are exploring public-private collaboration models to test DeFi solutions under supervision.

This region’s regulatory diversity fuels innovation while still ensuring accountability through regional frameworks.

Read Also: Algorithmic Stablecoins In DeFi

The Future of DeFi Ecosystem: What to Expect Beyond 2025-26?

As we move beyond 2026, DeFi (Decentralized Finance) is expected to enter a new era of growth defined by institutional participation, intelligent automation, and real-world integration. What began as an experimental alternative to banks is now evolving into a mature, hybrid ecosystem connecting blockchain innovation with global financial systems.

1. Institutional Adoption and Integration into Traditional Finance

DeFi is no longer a niche reserved for crypto enthusiasts; it’s becoming a legitimate pillar of global finance. Banks, hedge funds, and fintech firms are beginning to integrate DeFi protocols into their operations to enable faster settlements, transparent lending, and on-chain asset management.

By 2027, we can expect hybrid finance (CeDeFi) models where traditional institutions use DeFi infrastructure for improved transparency and efficiency, while maintaining regulatory oversight.

2. Fusion of AI, Blockchain, and DeFi

The convergence of Artificial Intelligence (AI) with DeFi is opening a smarter and more responsive financial ecosystem. AI algorithms can now analyze blockchain data, predict market movements, and optimize investment strategies in real time.

This merger will lead to intelligent DeFi platforms capable of self-adjusting yields, detecting risks, and personalizing user portfolios, all powered by transparent blockchain infrastructure.

3. The Rise of DeFi 3.0

The next evolution, DeFi 3.0, will blend decentralized governance models (DAOs) with real-world financial assets. It’ll be a future where users not only vote on DeFi protocols but also help manage tokenized stocks, real estate, and commodities.

This shift will blur the lines between traditional finance and DeFi, giving users both ownership and influence over financial ecosystems, something conventional banking could never offer.

4. Predictions for DeFi Growth and Global Impact

  • DeFi users are expected to surpass 150 million globally by 2030 as accessibility improves and mobile-first platforms expand.
  • The global DeFi TVL could reach $2–3 trillion, driven by cross-chain liquidity and institutional participation.
  • DeFi will likely power cross-border payments, decentralized credit scoring, and digital identity systems, solidifying its role in the next generation of global finance.

CTA2

Conclusion

The DeFi ecosystem has evolved from a bold experiment to a transformative force reshaping global finance. As we move into 2026 and beyond, DeFi is breaking barriers, connecting real-world assets, integrating AI for smarter asset management, and aligning with global regulations to create a more secure and inclusive financial world.

At SoluLab, a leading DeFi development company, we empower startups and enterprises to build secure, scalable, and regulatory-ready DeFi solutions, from DEXs and liquidity pools to yield farming platforms and DAO-based governance systems. Recently, SoluLab helped a fintech startup launch a cross-chain DeFi lending platform that uses an AI-driven chatbot and zero-knowledge proofs to ensure both privacy and transparency.

With SoluLab as your technology partner, you can lead that future confidently. Contact us now!

FAQs

1. How can investors earn through DeFi platforms?

Investors can earn by staking, yield farming, providing liquidity, or lending crypto assets to others. Each method offers different levels of return and risk, depending on the platform and market conditions.

2. How is AI influencing the DeFi ecosystem?

AI is playing a major role in risk prediction, fraud detection, and smart asset management. It helps DeFi platforms automate decision-making, optimize yields, and analyze on-chain data to create more intelligent and adaptive financial systems.

3. Can DeFi and traditional banks coexist?

Yes. Many experts believe CeDeFi (Centralized + Decentralized Finance) will bridge both worlds, combining DeFi’s transparency and efficiency with the regulatory safeguards of traditional banking.

4. What should startups consider before launching a DeFi project?

Startups should focus on regulatory compliance, security audits, tokenomics design, and user experience. Partnering with an experienced DeFi development company like SoluLab ensures your platform is scalable, compliant, and future-ready.

5. How can SoluLab help businesses enter the DeFi space?

SoluLab provides end-to-end DeFi development, including DEXs, yield farming, staking platforms, DAO governance systems, and cross-chain protocols. With expertise in blockchain, AI, and security architecture, SoluLab helps businesses build DeFi products that are both innovative and regulation-ready.

 

Top Features That Makes NFT Marketplace Development a Great Success

Posted on by Shipra

The emergence of cryptocurrencies is very clearly explained by the hyper-activeness of the market. Each of the crypto freaks is looking forward to a better currency that could bring about better solutions as compared to the ones that already exist. To date, the creation of content and drawing profits out of the same was only possible with the presence of intermediaries as well as hosting platforms. This, in turn, only results in the creation of a mess in the process of sharing profits with the intermediaries. But, with the emergence of non-fungible tokens or NFTs, it has been like a rescue operation in favor of content creators providing them with the rights along with the profits that they actually deserve.

The use-cases of non-fungible tokens are rapidly increasing. The adoption of these tokens is at its peak, attracting a huge volume of investment into different sectors, thereby resulting in technological advancement. The potential held by non-fungible tokens goes beyond just digital arts. It has certainly done wonders for licenses and intellectual property. The time is not very far where the users would be able to buy their dream house as a non-fungible token and then borrow against the property by collateralizing it through decentralized finance. In addition to this, NFTs are on their way to unlocking a wide range of possibilities, liquidity, and value in almost every sector.

Understanding an NFT Marketplace

NFT marketplaces, as can be understood from the name, are platforms where NFTs can be stored, displayed, traded, and in some cases minted or created. Non-fungible tokens are virtual tokens that represent ownership of something inherently distinct and scarce. It can be a physical or digital item like artwork, a collectible, a soundtrack, an in-game item, or real estate. In contrast to fiat money like USD or regular cryptocurrencies like Bitcoin, NFTs are special types of digital assets that cannot be mutually exchanged for one another. It is because of the fact that each of the tokens has a specific value based on its unique traits and attributes. Moreover, in contrast to regular cryptocurrencies, non-fungible tokens cannot be bought on centralized or decentralized crypto exchanges. Instead, the non-fungible tokens are listed and traded on online marketplaces referred to as NFT marketplaces that are specially created for the NFTs. It is precisely where the need for NFT marketplace development arises.

NFT Marketplace Development

With the growing popularity of non-fungible tokens, the developers have been quite busy in the creation of markets for these files. At present, there exist some current markets that happen to be general trading spaces for any category of non-fungible tokens. But on the other hand, there are marketplaces specially developed to cater to the needs of the high-end art world or deal with files that are related to specific online games or niche topics. With the increasing demand for the marketplaces, NFT marketplace development has become a top choice for developers.

Now, let us dive a bit deeper into the topic to understand the top features that play a significant role in making the NFT marketplace development a great success.

Storefront

A marketplace for non-fungible tokens is quite similar to an e-commerce site. It needs a front-end storefront that should be attractive as well as intuitive. For example, for physical art collectors, the buyers of non-fungible tokens intend to know the origin and authenticity of their files. Moreover, they also want a listing of the rarity of their non-fungible tokens. It is not possible to copy an individual non-fungible token, but the artists can release multiple non-fungible tokens of the same image. The NFT marketplaces give these images a label number.

Searching for Items

At the time when an NFT marketplace is developed, the scope of the files to be traded needs to be decided. To get the best out of the newly developed marketplaces, they tend to focus on a specific niche. Whatever is listed on the marketplace, a search function is required for the purpose of making the buying process faster by easily searching for the required items.

Filtering of Searches

Filters make it easy to navigate the site especially when the marketplace has a lot of collectibles. The functionality behind this feature is similar to the search option since the main idea is to help in choosing the right item quickly and without much effort. All items on offer can be very easily divided into different categories that impact the decisions of the buyers in most situations and at the same time plays a vital role in improving the experience of the buyers. With the help of this filtering feature, the buyers can very easily sort items by different categories like price, artist, rarity, payment method, listing status, best-selling, hot offers, etc.

Creation of Listings

The NFT marketplace should be developed in a way that provides a positive experience to both buyers as well as sellers. At any point in time a user wishes to list a file, the marketplace should provide an easy and hassle-free path to make it convenient. The marketplace should be able to provide the user with clear uploading instructions as well as forms that provide selling information. With the help of this feature, users should be able to upload files and fill in the token information like name or title, tags, and description.

Listings’ Status

Both the buyers and sellers in any of the NFT transactions require information about the process. For the sellers, the NFT marketplace can list data regarding the number of people who viewed the file and bids made during an auction. The site should also be able to alert them when someone makes an offer. For the buyers, they want to know whether the file has gone through an authentication process prior to making a purchase. It is because verified items are much more attractive to collectors. Thus the feature of listing’s status is an important one for success.

Buying, Bidding, and Auction

The NFT marketplace should necessarily have a feature that allows users to buy and bid for the non-fungible tokens listed on the platform. The bidding feature should also include a date of expiration of the bid and allow each of the users to view details about the current status of the bid.

Wallet

The NFT Marketplace should have a wallet that allows the users to easily store, send and receive NFTs. The users are worried about the security of their crypto wallets since they are pieces of financial information. The newly developed NFT marketplace should allow users to work with their present crypto wallet solutions which is the easiest way to integrate the feature into the platform.

Ratings

Ratings happen to be an extremely helpful feature for both the buyers as well as the sellers. People are very likely to engage in business activities with those having strong reputations. The rating feature can also help prevent negative behaviors such as untrue representation or backing out of a transaction before the smart contract goes into effect.

Conclusion

Once you have decided the features to implement during NFT marketplace development to make it successful, it is of immense importance to consider the technical implementation of the project. It is always recommended to spend some time deciding on some of the tech aspects of the project. At the same time, it needs to be decided whether to use ready-to-use instruments or come up with the solution from scratch which would require more investment as well as time. Therefore, a decision should be taken as per the feasibility and proceed accordingly.

What is the White Label Nft Marketplace? What are its benefits?

Posted on by Shipra

Table of Contents

[fusion_builder_container hundred_percent="no" hundred_percent_height="no" hundred_percent_height_scroll="no" hundred_percent_height_center_content="yes" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" publish_date="" class="" id="" border_size="" border_color="" border_style="solid" margin_top="" margin_bottom="" padding_top="" padding_right="" padding_bottom="" padding_left="" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center" linear_angle="180" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_blend_mode="none" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" video_preview_image="" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0"][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" spacing="" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" hover_type="none" border_size="0" border_color="" border_style="solid" border_position="all" border_radius="" box_shadow="no" dimension_box_shadow="" box_shadow_blur="0" box_shadow_spread="0" box_shadow_color="" box_shadow_style="" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="" margin_bottom="" background_type="single" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center" linear_angle="180" background_color="" background_image="" background_image_id="" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" last="no"][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""] White label is pre-built and tested by a professional team, and it is ready to launch by just changing the variables. These white labels are completely customizable and designed to transfer ownership to others.

What exactly is the Nft White Label Marketplace?

The white-label NFT marketplace is recognized for making an immediate entrance in the NFT market, and the white-label is the notion of establishing a marketplace with high customizability and sophisticated features at the same time. These white-label marketplaces are pre-built, and the customer may download and implement them. White-label NFT markets are one of the greatest options for allowing the customer to be cutting-edge in providing NFT services.

When Should You Opt for a White Label NFT Marketplace?

We've compiled a list of reasons why we believe a white label NFT marketplace will be beneficial for you:

Rapid technological advancement

It would take a long time to establish your own NFT marketplace from the start. A typical NFT marketplace platform takes at least three months to construct. However, depending on the complexity and unique platform features, it may extend to 12 months or more. On the contrary, launching a white label NFT marketplace takes substantially less time, even with complicated functionality.

Including characteristics that go above and beyond the norm

Every marketplace platform has its own set of traits that distinguishes it and makes it desirable. While you can do it yourself, a white label solution makes the work less time-consuming. In addition, most of these NFT markets are open source, which means you may add bespoke features to meet your particular needs.

Implementation that is cost-effective

You are free to create your own NFT marketplace from scratch, but expect to pay at least $100,000. As more levels of protection and functionality are added, the costs rise. However, building a white label NFT marketplace will be less expensive, potentially saving you thousands of dollars.

Built-in security

Because each NFT token is unique, additional care must be taken to determine who owns these NFT tokens. Therefore, particular attention must be taken when designing security features for the NFT marketplace. Any flaw in data encryption procedures may jeopardize data integrity and, ultimately, security. A white label NFT marketplace, on the other hand, comes with built-in security safeguards and does not need any further effort. Furthermore, since the creating firm runs rigorous tests and audits the white label solution, you do not have to endure the load and expense of security auditing.

Integration of a wallet

The issue with developing an NFT marketplace platform on your own is that you must concentrate on wallet generation separately. To make the platform functioning, you must also concentrate on establishing wallet integration services. A white label NFT marketplace, on the other hand, has an integrated wallet, which saves time and money.

Create a white label NFT Marketplace

You intend to launch your NFT marketplace. That is an excellent choice. But how exactly? This is an issue that many businesses across the globe are grappling with. There are various methods to launch your whitelabel NFT marketplace, but the easiest way to get started is one of two options: start from scratch or launch a whitelabel NFT marketplace. The first is one of the greatest NFT marketplace development approaches since it allows you to establish a unique marketplace from scratch. If all goes well, it has the potential to become one of the top NFT markets in the crypto business. However, consider the investment required to construct one. It will also need a large number of people, further complicating matters economically. As a result, choosing a white label, NFT marketplace is advisable, which requires less investment than a new marketplace.

Benefits of White label NFT Marketplace Platform for Business

White Label NFT Marketplace assists you in launching your own NFT marketplace platform with customized features and functions to give easy NFT trading.

Create a Brand Identity

Users choose branded solutions because they trust brands. Therefore, providing competent services helps to strengthen your brand identification and is necessary for validating and valuing a brand, which benefits brand equity.

Increase Brand Awareness

Building brand identification and awareness are critical to the success of any organization. With the aid of marketing and advertising, you may strengthen your brand identification and customer awareness. We provide NFT marketplace building services that are mobile-friendly and SEO-friendly. The level of service you provide fosters customer confidence and reputation.

Whitelabel NFT Marketplace Platform Monetization

Commission

On your marketplace platform, you may charge a commission fee for creating NFT, selling NFT, and buying NFT. The commission charge is one of the NFT marketplace platform's income generators.

Listing

You may charge a fee for listing user NFTs on your NFT Marketplace's shop, and the NFT's pricing value determines the cost on the platform.

Marketing

You may earn money by presenting feature adverts for users' NFT on your marketplace platform.

Auction

Typically, NFTs are sold through auctions on the marketplace; by putting NFTs on the auction on your marketplace platform, you may earn a fee for each successful auction completion and boost the immediate liquidity of NFTs on your platform.

Development of the White Label NFT Marketplace

Users worldwide have started moving their attention to other things. They are now migrating to white label NFT marketplace platforms since they are simple, can be used instantly and are cost-effective. Customization, wallet integration, Metamask integration, and other API integrations with trade charts to highlight price volatility and integration with new NFT trends are all part of the white label NFT marketplace. In addition, the white label NFT marketplace is so user-friendly and configurable that it can be built using a variety of technologies, including Polygon, Ethereum, Binance smart chain, and others, and it can be combined with major auction sites. In addition, the following characteristics have provided the White Label NFT Marketplace Development platform an advantage:

Just plug and play

The White Label NFT marketplace solution enables the user to easily launch the NFT marketplace.

Customizable and changeable

The White Label NFT Marketplace Development Platform lets the user personalize and configure it in any manner they see fit.

Excellent security features

Unlike a typical NFT marketplace, a white label NFT marketplace is precisely constructed with dependable security features.

Provision for a user-friendly platform

The interactive UX / UI may be tailored to the user's white label NFT marketplace demands.

Wallet with integrated NFT

To maintain and trade NFTs, the platform is connected with several NFT wallets.

Cross-chain adaptability

The white label NFT marketplace is adaptable since its platform may be tailored to the user's needs. The platform may also be integrated with the Polkadot protocol for cross-chain connection.

Process of Developing a Whitelabel NFT Marketplace in General

Every whitelabel NFT marketplace platform follows a defined sequential sequence throughout the development phases.
  • Type of digital asset specification.
  • The commercial company must decide on the sort of blockchain technology to use.
  • The digital enterprise provides the development business with the necessary features and requirements.
  • The code compilation process is carried out following the requirements supplied by the customers to the business firm.
  • During the development stage, the minting procedure is involved.
  • After that, the platform is outfitted with security safeguards to avoid cyber assaults and breaches.
  • The files from the marketplace are saved for future usage.
  • In the whitelabel NFT platform, the token burning method is changed and stated.
  • The created platform is now available on the mainnet.
  • The last step would be to provide the customer with the whitelabel NFT marketplace platform.

Creating a White-label NFT Marketplace

The establishment of an NFT white label marketplace is entirely straightforward and user-friendly. However, various actions must be taken to begin an NFT.

Choose your preferred blockchain

It would help if you choose your preferred blockchain for your NFT marketplace. Every blockchain has benefits and drawbacks. It is ideal if you choose them prudently for your NFT marketplace.

Examining the features

Following the addition of the blockchain, you must examine the characteristics necessary for the NFT marketplace. These features might range from a filter to an admin panel.

Decide on minting

Including token minting, the choice should select whether to include or exclude minting.

Increasing Security

It is necessary to improve security features to have a stronger defence against attacks.

Platform for storage

You must choose the storage platform that will be used to store information and data in the decentralized servers.

Domain Selection

Knowing the domain or who your target audience is can assist you in adding and removing features. For a long-running marketplace, selecting a certain domain is always preferred.

Binance Smart Chain Whitelabel NFT Marketplace

One of the greatest methods to use your whitelabel NFT marketplace is to launch it on Ethereum using the ERC token. However, given Ethereum's gas taxes and other functional constraints, it is better to go for a competitive Binance Smart Chain network to increase the efficiency of token production. BEP-20 coins backed by BSC are generally favored because of their liquidity and lower gas costs.

Cardano Whitelabel NFT Marketplace

With the Cardano smart contract, you may improve your whitelabel NFT marketplace and make it more successful in digital contract formation. Cardano-powered NFT marketplace protects your NFT marketplace with fast, smart contracts and supports your marketplace by storing information in a multi-asset digital asset ledger.

Conclusion

The white label NFT marketplace handles everything; all you have to do is choose the right provider. This implies that if you want a high-quality and reliable NFT marketplace, you must look for them. There are several sellers available, and you must choose the best one from among them. Launching your white label NFT marketplace will pave the way for a new chapter in your career if you find the right partner. The whitelabel NFT marketplace concept is predicted to thrive in the future and establish itself as a dominating force in the digital domain. Creating one's own whitelabel NFT marketplace has become a lucrative economic prospect for everyone. There are various development firms committed to offering whitelabel solutions, but certain development firms give top-tier whitelabel services that are determined to provide significant economic momentum. Quick Read: Role of NFT in the crypto world

-Contact Us-

SoluLab being the top 3 Blockchain developers can help you build the perfect Blockchain Platforms. Inquire Now [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

NFT Marketplace Development – Best NFT Marketplaces of 2021

Posted on by Shipra

NFT Marketplace is a marketplace for exchanging NFT tokens. Every user needs a digital wallet in order to buy and sell NFTs, which are purchased and sold using Cryptocurrencies. The operation is similar to that of cryptocurrency exchanges, but the one major distinction is the kind of digital asset. NFTs are indivisible and one-of-a-kind, while cryptos are divisible and non-fungible. Let’s have a look at the top NFT Marketplaces in 2021.

How to develop any NFT marketplace?

To utilise any of the NFT markets, you must first join up and link your cryptocurrency wallet to your account. After that, there are a few more steps to take:

You must construct an NFT and enter all of the necessary parameters (price, description, etc.).

List your digital item for sale and wait for moderation to finish. The auction then begins, and bidders make their bids.

Following the conclusion of the auction, the digital goods and bitcoin are transferred. It is carried out via an NFT marketplace.

All NFT markets utilise smart-contracts, which are unique transaction protocols that govern the interactions of two parties. The parties in this instance are the buyer and the vendor. These smart-contracts are created as code and stored on a blockchain. The smart contracts also provide identifying information for a non-fungible token. As a result, the process of selling and purchasing tokens is very simple and user-friendly.

For a detailed understanding of how to develop an NFT Marketplace including its features, procedure, benefit and cost, read our blog on how to develop your NFT Marketplace.

Best NFT Marketplaces of 2021

Open Sea

NFTs are classified by hundreds of subgroups based on their characteristics and representations. OpenSea was founded in 2018, and it has since amassed over 17000 subscribers in the digital market. OpenSea is an online marketplace for creating, purchasing, and selling digital goods. Many celebrities, including Mark Cuban, Logan Paul, and Chamath Palihapitiya, have shown interest in trading their NFTs on the site. It has established itself as one of the top NFT markets by attracting such high-profile clients.

Rarible

In 2020, Alex Salnikov and Alexei Falin founded Rarible. Rarible has the additional benefit of functioning as a distributed network where commerce is enabled without the existence of a middle man, in addition to a marketplace. It enables artists to define their royalties portion for secondary transactions. Rarible operates on its own coin, RARI.

NiftGateway

NiftGateway was first introduced in 2018. It allows users to invest in crypto assets known as ‘nifties.’ A credit card is used to complete transactions on NiftGateway. It’s as simple as charging your clothing or other purchases to your credit card. After purchasing nifties, customers may choose whether to store them in their Metamask wallet or on their Nifty Gateway account.

NiftyGateway is popular for crypto-game purchases, such as crypto-kitties and Gods Unchained. NiftyGateway is also well-known for its beautiful art by well-known artists such as Kenny Scharf, Jon Burgerman, Trevor Jones, and Cey Adams.

Bakeryswap

Bakeryswap was established to allow amateur and professional artists to sell their NFTs. Bakeryswap was developed by an unknown team of engineers to guarantee a fair allocation of token circulation. Bakeryswap allows you to turn your digital art into NFTs and sell them for a profit – all with a fun and tasty theme focused on baked products.

NBA Top Shots – The Most Popular NFT Marketplace for NBA Fans

Look no further, basketball enthusiasts. NBA Top Shots has become one of the most well-known brands in the burgeoning NFTs market. NBA Top Shots, similar to sports trading cards, enables NBA fans to buy tokens representing different events in NBA history.

Foundation

Foundation, another pioneer in NFT art curation, provides a diverse variety of art to its customers and recently enabled 3D artwork to be minted as NFTs. Foundation, founded in February 2021, is one of the newest NFT platforms focusing on the creative economy, with artists earning $120 million. Although Foundation is an invite-only platform for artists, each artist receives a range of invitations to distribute to the community each time they sell an artwork. Meanwhile, collectors may browse the platform’s highlighted artwork and bid on available pieces. When a collector makes an offer that is higher than the artist’s “reserve price,” a 24-hour auction starts, which often leads to thrilling bidding wars amongst collectors.

MakersPlace

MakersPlace is yet another boutique NFT marketplace that takes pleasure in offering many unique digital fine art collections. Its overall volume may be modest ($23.5 million at the time of writing), but it contains several one-of-a-kind masterpieces that contribute to its uniqueness.

The site was taken down in February 2021 after renowned crypto artist Beeple offered a collection of NFTs for $1 each. It also hosted a number of NFT drops by artists, with T-Pain, Shakira, and Rage Against the Machine’s Tom Morello among others who have signed up.

It’s simple to join up as a buyer at MakersPlace, and you can even save time by using your Google or Facebook account logins.

Mintable

Mintable is a renowned NFT marketplace. Here, users may exchange artworks, music, photographs, digital treasures, and other in-game items. It is well-known for its gasless minting option, which distinguishes it from the competition. Timed Auctions, Buy it Now Auctions, and Traditional Auctions are the three kinds of auctions available on the marketplace. Because it is an Ethereum-based network, it only takes payments in ETH. It allows the creators to earn a 5% royalty on all secondary sales.

SuperRare

SuperRare is an Ethereum-based marketplace for rare works of digital art headquartered in Delaware. Because SuperRare only wishes to exhibit high-quality work, artists showcase their work on this site via invitation only. Furthermore, it seeks a proportionate number of active collectors and artists.

SuperRare has a basic design that allows people to quickly discover what they are looking for. As a means of supporting its artists, the site also encourages new art releases. On secondary sales, SuperRare offers built-in royalties for its artists. For creators, the main and secondary sale commissions are 85 and 10%, respectively. All purchases are subject to a three percent charge.

Atomic Market

AtomicMarket is used by a number of websites. Tokenize and build digital assets, as well as purchase, sell, and trade them; anybody may utilise the Atomic Asset standard. AtomicMarket is an NFT marketplace with distributed liquidity. On AtomicMarket, you may sell your own NFTs for sale as well as browse current ones. Genuine NFTs with a validation tick are readily distinguished.

Conclusion

As a result, the NFT marketplace is a viable business concept that will allow the investor to harvest unfathomable profits. So, what are you going to do? The initial step is to contact a suitable NFT market development company. They can tailor the platform’s features and capabilities to your specific company requirements. Creating and establishing your own NFT marketplace is an excellent way to begin your crypto-entrepreneurial career.

Top 10 NFT Minting Platforms to Watch Out

Posted on by Shipra

Table of Contents

[fusion_builder_container hundred_percent="no" hundred_percent_height="no" hundred_percent_height_scroll="no" hundred_percent_height_center_content="yes" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" publish_date="" class="" id="" border_size="" border_color="" border_style="solid" margin_top="" margin_bottom="" padding_top="" padding_right="" padding_bottom="" padding_left="" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center" linear_angle="180" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_blend_mode="none" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" video_preview_image="" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0"][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" spacing="" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" hover_type="none" border_size="0" border_color="" border_style="solid" border_position="all" border_radius="" box_shadow="no" dimension_box_shadow="" box_shadow_blur="0" box_shadow_spread="0" box_shadow_color="" box_shadow_style="" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="" margin_bottom="" background_type="single" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center" linear_angle="180" background_color="" background_image="" background_image_id="" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" last="no"][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""] NFT or a non-fungible token is a unit of data kept within a blockchain or digital ledger that identifies a digital asset as entirely unique and non-interchangeable. A non-fungible token is usually held on the Ethereum blockchain. The digital asset which an NFT identifies can be a video, a painting, an audio snippet, a video clipping, a GIF, a video collectible item, and the list continues. Although the non-fungible tokens function as cryptographic tokens, they are not interchangeable mutually like the cryptocurrencies which means that each of the non-fungible tokens is able to represent an entirely different asset and possess starkly alternate values. The non-fungible tokens are technologically quite advanced that provide the opportunity to be integrated across a wide array of use cases like collectibles, real estate, gaming, music revolutions, and a number of others.

What is NFT Minting?

NFT minting refers to the process of turning digital art into a part of the Ethereum blockchain as a public ledger. It is the process that makes digital art become a part of the Ethereum blockchain that is tamper-proof and unchangeable. It is a similar process by which metal coins are minted and added to circulation. Similar to the process of creating coins through minting, the addition of non-fungible tokens to a blockchain is referred to as NFT minting. The non-fungible tokens are also tokens that get “minted” once they are created. The digital artwork is represented as a non-fungible token so that it can then be easily purchased as well as traded in the market. These tokens can be tracked digitally as it is resold or collected again in the time to come.

Concept of NFT Minting Platforms

Now, we have an idea about NFTs and NFT minting. So, let us understand the meaning of NFT minting platforms. These platforms are specially created platforms that play a significant role in the facilitation of the creation, buying, as well as selling of NFTs or non-fungible tokens. NFT minting platforms allow the creators or artists to mint non-fungible tokens. These platforms enable the artist and creators to mint NFTs and sell them on an NFT marketplace to the buyers who are interested to own an NFT on the blockchain. Let us now have a look at the top 10 NFT minting platforms to watch out for in the year 2021.

1. Rarible

Rarible is a creator-centric NFT minting platform or marketplace that comes with a community governance program. Moreover, Rarible is the first NFT marketplace that is community-owned. The users can very easily create, sell or collect digital items or assets secured with blockchain. Non-fungible tokens happen to be unique digital items like collectibles, artworks, or game items. As an artist, you need to make sure that your artwork is unique and brand it as your work. This can be done by tokenizing your work and the actual ownership is managed by blockchain. RARI happens to be the native governance token of Rarible.

2. Xooa

Xooa is another of the top NFT minting platforms that allow users of all blockchain expertise levels to create NFT marketplaces as well as other blockchain applications on the cloud fast via a streamlined interface that is quite easy to use. The users can make the most use of the advantage of Xooa's low code tools, API gateway, along with a number of other powerful features in order to generate up to a 10x faster time-to-app and a 95% shorter learning curve.

3. NFT Stars

Another very popular NFT minting platform is NFT Stars. It is an NFT marketplace based out of Australia and has accumulated a unique set of products as well as services that are relevant to investors, artists, start-up founders, digital art lovers, NFT gamers, and musicians. NFT Stars follows a selection approach that happens to be quite strict. Each of the creators featured on the platform is either selected by the executive board or voted for by the community. Therefore, each of the artists present on the platform enjoys unbiased attention from the entire team and the community which happens to be like an extremely special treatment. On this platform, the creators enjoy Gas-free minting which means that the non-fungible tokens are minted at the time of purchase and the buyer covers the costs. The platform supports the free flow of ideas and allows the artists to mint their artwork as a team through the feature of collective NFT ownership and share the proceeds equally from its sale. NFT Stars also allows each of the artists to build an AR room where they are able to display their works and host their first exhibition.

4. FTX

FTX is another popular platform to watch out for in the year 2021. It is a cryptocurrency exchange built by traders, for traders. The platform offers an array of innovative products that include options, industry-first derivatives, leveraged tokens, and volatility products. The platform happens to be sufficiently robust to be suitable for professional trading firms as well as sufficiently intuitive so as to be suitable for first-time users. The platform takes pride in having partnered and collaborated with a number of top cryptocurrency firms.

5. VeVe

VeVe is a very popular NFT minting platform and VeVe digital collectibles come in limited-edition releases. These can be purchased, sold, traded, customized, upgraded, placed in virtual showrooms, shared on social media, and many more. All these transactions can be very easily and conveniently done through the VeVe app. The collectors are able to display their collectibles and at the same time, they can also create as well as customize virtual showrooms for the purpose of showcasing their digital collectibles. In addition to this, the users can easily share this experience with other VeVe collectors around the world. The users can conveniently move across the virtual showrooms on their phone, and even bring life to their showrooms to life in Augmented Reality and physically walk through them on their smartphone. The Augmented Reality features of this platform allow the users to stand side by side with their favorite characters and heroes, in the real world. The users can very simply scan their surroundings and just tap to drop their digital collectible in Augmented Reality.

6. MakersPlace

MakersPlace is another NFT minting platform to check out in the year 2021. All of the digital creations available on this platform are genuine and unique. The creations are signed and issued by the creator which is possible because of blockchain technology. By any chance, if the digital creation is copied, it would not be the genuine and originally signed version. Each of the creations on the platform happens to be digitally signed by the creator that is permanently recorded and verified via the blockchain. Each one of the creations is issued as a unique digital edition. Any of the creators can make sure that only a limited number of genuine editions can be owned by making use of blockchain technology, thereby ensuring scarcity as well as the uniqueness of digital creation. Buying any unique digital creation means that the buyer is given complete ownership over the creation, which is later transferred and stored in their digital wallet for keeping it totally safe. Each of the users can simply collect unique works from amazing digital creators and show off your collection to the community.

7. Foundation

Foundation is a platform that is creating a new system of support for digital art that needs mutual respect between collectors, creators, and curators. The platform offers an unprecedentedly open cultural community and works towards creating a welcoming community that empowers creators and collectors alike. The platform always wants to center artists along with their perspectives that includes ensuring the work uploaded to the Foundation platform is authentic to the creator.

8. SuperRare

SuperRare is an NFT minting platform that is reinventing art collecting for the digital age. The platform allows anyone with an internet connection to be an art collector. SuperRare platform is authenticated by the Ethereum blockchain where the users can earn crypto and trade digital artworks from artists all over the world. The mission of the platform is to create a global art economy that happens to be an appropriate fit for the digital age. The artists issue authenticated single edition digital artworks that are certified on the Ethereum blockchain for the prevention of forgery along with providing historical provenance. The users can make a purchase at the asking price or make an offer by simply placing a bid. Once the users own a piece, they can conveniently sell it again in the secondary market to other collectors. There are options for customizing the profile of the users for showing off their collection of art to other members across the world. The users can also display their works in a Virtual Reality gallery, digital display, or anywhere as preferred by the users. Most importantly, the creators can digitally sign their work by creating a tokenized certificate and then fix a price or let the collectors bid on the piece of art in the digital art marketplace.

9. Nifty Gateway

Nifty Gateway is a very popular platform to watch out for in 2021. The platform comes with a completely functional interface that makes it superiorly easy for the users to use their NFT project. It is the premier platform for Nifties, which are digital items that can be owned by users. The platform has partnered with some of the top brands, artists, athletes, and creators so as to bring in ultra-exclusive works on-chain. Nifty Gateway was founded with the mission of making Nifties easily and conveniently accessible to everyone. The platform is a centralized, and USD-based marketplace for easy buying as well as selling Nifties.

10. NFT Showroom

NFT Showroom is a digital art NFT platform built on Hive. Hive is a free & quick blockchain that makes creation as well as a collection of rare digital art extremely simple and accessible. The creators are allowed to register their digital creations and issue rare tokens for the purpose of being traded on the platform. Hive makes the entire process of collection of rare digital art quite convenient and easy. The users can browse through the gallery of different artists from all over the world and begin their collection. The platform is globally accessible, thereby helping to unlock a complete ecosystem of services for both the creators as well as collectors. The platform is easy to use, and inexpensive to make transactions for creators and collectors, thereby solving the problems that exist in the sphere of crypto art.

Conclusion

The given list presents a very clear picture of the top NFT minting platforms which the users can make use of in the year 2021. With the non-fungible tokens on the rise, the demand for the NFT minting platforms has also been on the rise. The need for these platforms is expected to further rise in the time to come. Thus, at any point in time, you are looking forward to minting an NFT, choose the right NFT minting platform to make the most out of it. Quick Read: The Power of Polygon Metaverse with NFT Marketplace

-Contact Us-

SoluLab being the top 3 Blockchain developers can help you build the perfect Blockchain Platforms. Inquire Now [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Real Estate Tokenization – Benefits, Challenges and Future

Posted on by Shipra

What does that mean?

Blockchain technology, which has been in use for many years, has significantly changed the face of the world. Experts predict that blockchain-based solutions will have a major impact on a variety of sectors across the economy, financial institutions, and businesses, including real estate.

Real estate is regarded as one of the safest kinds of investments, with the highest returns. If you ask anybody what the greatest kind of investment and capital protection is, they will most likely recommend purchasing an apartment or commercial property. Unfortunately, many individuals may find this impossible to do without large sums of money.

However, blockchains—and the tokenization of real estate—make this feasible.
This will alter numerous market norms governing property rights, real estate investing, and capital raising. Read the article to find out how!

What is the role of tokenization in real estate?

Because tokenization is extremely adaptable, the token may represent real estate ownership in a variety of ways. The total amount of real estate that may be tokenized can vary, much like in conventional real estate investment. However, tokenization allows for minimal third-party influence over investors. Because actual assets would back the tokens, the value of the tokens would vary depending on the asset’s performance, akin to conventional real estate investment but with the ease of transfer provided by blockchain technology.

Possibilities with Tokenization of Real Estate

There are many other benefits of real estate tokenization that make it a much more appealing proposition than any prior type of investing. Among them are the following:

1. Increases liquidity

Real estate has always been a kind of low-liquidity investment or illiquid asset. Because of the participation of many parties and the time-consuming paperwork, considerable money is required, and there are more private participants than public corporations.

However, via tokenization, investors have simple access to assets, which are fractionalized, increasing the liquidity of tokens. As a result, real estate may become much more than just purchasing houses, and it can emerge as one of the leading revenue-generating sectors.

2. Increased Market Access

Real estate investing is often seen as a game for the wealthy. Benefits of real estate tokenization, on the other hand, alters this mentality and broadens the investment pool. Anyone with enough money and an internet connection may sell, acquire, or hold real estate assets from anywhere in the globe. You don’t even have to sell the token as a complete unit since the tokens (or assets) are fractionalized.

3. Transactions with Transparency and Low Costs

Every piece of data, from contract terms and transaction information to your preferences and interest due dates, is encoded into a secure, digital token. As a result, both the investor and the seller are completely transparent. Furthermore, with fewer middlemen and less administrative labour, the whole process of purchasing and selling homes becomes less costly.

4. Unchangeable Proof of Ownership

Extreme legal fights over ownership and rights have occurred often in the real estate business. These may be not only financially exhausting, but they can also have an effect on the brand’s value. Tokenization removes the source of any doubt. The information recorded in blockchain ledgers cannot be altered. As a result, once ownership or partial ownership is stated, previous or present transactions may be readily evaluated.

5. Property Administration

Delayed monthly rent payments or renewing contracts may be difficult for both renters and landlords. This procedure may be sped up by using blockchain-based smart contracts or tokens. It allows you to register documents in a database, collect timely rent from renters, syndicate loans, and speed up the due diligence process.

Challenges faced in the Tokenization of Real Estate

In theory, the idea of tokenization has the potential to be really revolutionary in the real estate industry. However, it must pass many key tests before it can function at an industry-grade level. One of the most significant difficulties is raising knowledge about blockchain and security tokens. To be fully maximised, the idea must operate on a much bigger scale. Because the industry is on such a small scale, this will take a long time. Furthermore, there are worries regarding the technology’s scalability.

Another major issue is the absence of regulation for cryptocurrencies and tokens, at least for the time being. Most nations would agree that tokens are nothing more than codes with no value under existing laws. As a result, users would have no legal basis to link them with specific items of property. This is a problem that must be addressed as quickly as possible.

Finally, tokenization would have to result in some kind of centralization. This may seem paradoxical, given that the entire point of blockchain technology was to eliminate the need for a third party. However, although that idea may have worked well for cryptocurrencies, it is far from the situation in the actual world.

Since everything is said and done, one cannot deny that tokenization has the creative potential to transform the real estate industry.

Why Is Real Estate Tokenization an Ideal Opportunity for Blockchain to Show Its Potential?

Is there still a lot of unresolved issues with property tokenization? Sure. But does it offer enough promise to justify the effort of resolving these issues?

Consider what we stand to gain: early access to money, wider investor groups, more liquid possibilities, greater market transparency, better control over owned assets, dependable ownership monitoring, direct asset trading, real-time investment procedures, and so on. Improvements that would have an immediate beneficial effect were welcomed.

Another reason to be optimistic is that tokenization would not require a complete rebuild that would fundamentally alter how the present system operates. Instead, blockchain adoption and tokenization would simplify the real estate industry while not totally upending it.

This makes tokenization much less intimidating than cryptocurrency and other, more disruptive types of blockchain deployment. We’re talking about a fantastic chance for blockchain technology to demonstrate its value without totally altering the way things are done, which will undoubtedly help to accelerate its adoption.

That is why we are certain that property tokenization will be among the first blockchain use cases to really make an effect on the world and show what this technology is capable of on a large scale. Its advantages will make all of the transitional difficulties worthwhile, while the real estate market as we know it and all of its present problems will soon seem like a distant past.

Claus Skaaning discusses blockchain technology and its effect on tokenization

You may have heard the word “blockchain” if you have been following banking, investment, or cryptocurrencies during the past 10 years. Blockchain is the technology that powers many of these financial networks, including Bitcoin. In layman’s terms, blockchain is a database system that saves data. Just as Excel is a tool that aids in financial calculations and Power Point is a technology that aids in the creation of presentations, blockchain is a technology that allows for the creation and storage of correct records. It saves data in blocks, which are subsequently linked together. As new data is received, it is put into a new block and then chained onto the preceding block, resulting in the data being chained together in chronological sequence.

Blockchain was created as a shared, irreversible ledger that enables the recording of transactions, ownership, pricing, and asset monitoring in a corporate network. An asset may be either physical (a home, a vehicle, cash, gold, or land) or intangible (money, gold, or land) (intellectual property, patents, copyrights or branding). On a blockchain network, almost anything of value may be monitored and exchanged, lowering risk, eliminating fraud, and lowering costs for all parties involved.

Blockchain is the technology that underlies cryptocurrencies, but its applications are not restricted to them. A blockchain is a digital record of transactions that is replicated and distributed throughout the blockchain’s complete network of computer systems. Blockchain technology is intended to function without the need for a centralised authority or clearinghouse, and the records that are generated are irreversible and therefore cannot be copied or altered.

Due to its decentralisation and real-time transactions, blockchain inherently provides numerous efficiencies that existing structures cannot support.Blockchain allows for near-real-time settlement of recorded transactions involving the sale or purchase of digital assets, eliminating friction and lowering risks while also restricting the ability to charge back or cancel transactions. Because it is built on cryptographic evidence, blockchain also provides a fully transparent environment, enabling any two parties to trade directly with each other without the need for a trusted third party.

Real estate tokenization - Sohail Hassan

Because fewer than 1% of all real estate assets are traded on a national market, real estate is the largest single asset class ($228 trillion in total assets) where tokenization may offer value. One of the most significant advantages of tokenization is the potential to decrease investment ticket sizes (say, from $50,000 to $10) as a result of technical automation of the issuance and post-issuance procedures. This smaller ticket size expands the pool of investors and, as a result, the availability of money and liquidity to investors. In reality, just 7% of all commercial real estate is accessible to investors, despite the fact that over 80% of people want to invest in real estate, as shown by the rush of money pouring into crowdfunding platforms.

As a result of blockchain technology, real estate syndicators should see that good projects can raise capital more easily, quickly, and at a lower cost. Investors can enjoy increased liquidity on their investments, implying that good projects can receive a liquidity premium, and investors worldwide can gain access to previously inaccessible types of investments.

The real estate market will benefit from “standard” blockchain features, and to expedite transactions, a set of rules – known as a “smart contract” – is recorded on the blockchain and implemented automatically, automating and lowering operational, investment, and administrative expenses. In a nutshell, it is a kind of artificial intelligence that monitors compliance with technical and financial covenants, regulatory limitations, trading restrictions, and so on.

Conclusion

Tokenization and digital securities represent the next frontier of technology, providing us with a once-in-a-lifetime chance to convert real estate investment from an outdated, elite-only activity to a liquid, digital asset class available to everyone with an internet connection.

-Contact Us-

SoluLab being the top 3 Blockchain developers can help you build the perfect Blockchain Platforms.
Inquire Now

A Complete Guide to IEO Marketing

Posted on by Shipra

In the past few years, the crypto industry has shifted to alternative models for the US market, such as Security Token Offerings (STOs), Initial Exchange Offerings (IEOs), and Regulated Token Offerings (RTOs). Continue reading to learn more about IEO, its effective marketing tactics, objectives to achieve, and key performance indicators (KPIs).

What is an IEO?

The most popular fundraising technique in the crypto industry today is the ICO, although STO and IEO are close behind. An Initial Exchange Offering is conducted via cryptocurrency platforms and exchanges.

In reality, it is crypto exchanges that solicit money on behalf of companies in IEOs. They must fulfil the required obligations and use due diligence. Projects that elect to hold a token sale on the exchange platform must pay a listing fee to the platform.

It should be noted that IEOs do not provide crypto tokens to the general public.

IEO Marketing Strategies and Goals - What KPIs should you be tracking?

Before moving on to the top marketing strategies for a successful IEO marketing campaign, let us first have a look athe goals and KPIs (that one should track).

Goals of IEO Marketing

  • Create a vibrant and active community of retail investors, not simply bounty hunters and airdrop participants.
  • Boost traffic to your website and your IEO profile on the exchange.
  • Create a healthy awareness of your product, purpose, promotional efforts, and IEO.
  • Rally content and product advocates to your cause and IEO, and they will interact, share, and generate content on your behalf.

Top Strategies for a successful IEO Campaign

Exchanges’ IEO launch services include basic marketing, such as sending out social media blasts and newsletters. You must accept new methods to IEO marketing and use them to optimise exposure for your own project if you want to have a strong digital presence.
Here are five practical methods for developing a successful IEO marketing plan that will get you where you want to go.

Do you have a whitepaper?


The project whitepaper is most likely the greatest method for investors to learn about your idea. To begin, you should have a well-written and up-to-date whitepaper. The whitepaper should include all essential information about your project, including as the technology, business strategy, and token scheme, as well as the project team. Remember that exchanges are quite concerned with their reputation. As a consequence, they perform extensive due diligence on blockchain initiatives. As a result, ensure that your technology is feasible, compelling, and promising.

Aside from the whitepaper, it is critical to have a contemporary and professional website to display what you have to offer. A responsive website is an excellent method to connect with investors and strengthen your brand.

Make community involvement a priority

Consider engaging your target audience as a fantastic approach that will help you improve your IEO marketing efforts. Community involvement is very important and should be prioritised. Why? Because it provides you with a clear picture of who your investors are and what they want! Engaging investors allows you to tailor the experience to what they want. If you want to develop a solid connection with your investors, emphasise delivering regular updates and reacting to community queries and comments.

Public relations and media relations

After you’ve completed the website, whitepaper, and community involvement, the next stage is to raise awareness about your project. PR (press release) and media outreach can assist you in doing this. To do this, write an article and get it disseminated to a number of bitcoin news sites. Whatever method you pick, be sure you provide value to the community since poor material will not help you get visibility. The article may be about the difficulties you’ve discovered in a certain sector and how your solution will address these issues.

Good public relations will assist you in gaining reputation within the crypto industry. It may also put you in a good position to be approved by the exchange since you already have a lot of support.

While the IEO is active, you may expand your reach by holding competitions, airdrops, and AMAs. AMA (ask me anything) is an excellent method to increase active followers and get everyone engaged.

Marketing on social media

One of the most effective strategies for IEO marketing is social media. People like social media because it enables them to express their thoughts and views on a variety of subjects. As a result, being proactive while utilising social media is a smart idea. This implies that you should begin by publishing updates about your project to build awareness and interest. Twitter, for example, is an excellent medium for communicating with your audience and interacting with crypto influencers and businesses. Because Reddit is the hub of the cryptocurrency community, you’re more likely to receive maximum exposure here. To be successful, you must produce high-quality material that is both useful and relevant.

Furthermore, if you want to create a strong community around your product, you should always maintain an active Telegram group.

Team up with a trustworthy exchange

Your IEO marketing isn’t complete unless you list your project on a recognised exchange. When choosing a crypto exchange for your first exchange offering, consider its popularity, since a more popular exchange will let you to sell to a larger network of investors. This may also help you generate funds more quickly.

Finding the proper exchange is not always easy. For blockchain initiatives to be listed on exchanges, exchanges undertake extensive screening. Consider collaborating with an IEO marketing firm that specialises in conducting marketing operations for IEO projects to improve your chances of getting your project authorised. A good IEO marketing company has a one-of-a-kind connection with the exchange, which involves screening and proposing extremely prospective blockchain ideas for IEO to the exchange. Furthermore, they will assist you in reaching the greatest number of investors possible in order to have a successful token sale.

Bounty campaigns 2.0

Bounty campaigns 2.0 are embedded inside your site as a subdomain – for example, bounty.yoursite.com – so that bounty hunters may perform all of their social activities and bounties directly via your subdomain, creating a smooth, transparent, and gamified experience for them.

Conclusion

Finally, IEO provides a fantastic chance for entrepreneurs to obtain money in a transparent, secure, and timely manner. To capitalise on this potential, businesses need develop a strong IEO marketing plan. It is also critical to hire an IEO marketing firm to help you with the launch, listing, and promotion. Above all, a bitcoin marketing firm’s experience and strong investor relationships may provide you with access to larger financing pools and increased brand recognition.

-Contact Us-

SoluLab being the top 3 Blockchain developers can help you build the perfect Blockchain Platforms.
Inquire Now

ICO vs. IPO – Understanding the Key Differences

Posted on by Shipra

ICO and IPO have become very common terms in recent times. But there are many who are confused while comparing ICO vs. IPO. It is because of the fact they are not clear about the differences between the two, thereby giving rise to confusion. First, let us understand the terms individually and then the key differences between the two to eliminate all confusion.

What is an ICO?

ICO or initial coin offering, also referred to as initial currency offering is a special type of funding that uses cryptocurrencies. ICO is an unregulated means of raising funds for a new cryptocurrency venture. It is very often a form of crowdfunding in the cryptocurrency and blockchain environment.

What is an IPO?

IPO or initial public offering refers to a public offering where shares of any company are sold to institutional investors and retail investors. Usually, an IPO is underwritten by one or more investment banks and the banks also arrange for the shares that are to be listed on the stock exchanges.

Differentiating ICO vs. IPO

At the time of drawing out a comparison of ICO vs. IPO, both of them share a similar goal for a company which is nothing but the initial raising of funds. While the idea behind them is the same, but there is a difference in the modes that are used for securing funds. ICO or initial coin offering makes use of tokens or cryptocurrencies for raising funds and on the other hand, IPO or initial public offering puts the stocks of the company for sale. The mode used in ICO and IPO is a major difference between the two. In addition to this, there are a number of other points like regulation, ownership differences, listing requirements, etc. on which ICO and IPO differ. Let us now understand the key differences between them.

1. Stage of Occurrence

Initial coin offering occurs at a very stage in the company usually before it has any kind of working services or products and is in need of working capital for the purpose of bringing their ideas to life. On the other hand, initial public offering happens at a later stage in the development of a company where there are already existing products or services generating revenue. But the company requires capital or funds for long-term development instead of working capital. Therefore, the ICOs happen to be riskier as compared to the IPOs and hence demand a greater return on investment.

2. Requirements for Listing

Initial coin offerings can be started without their underlying token being available on exchanges. It means that the investors can invest in an ICO, get tokens, and if the tokens are never listed on any exchange, the investors would never be able to sell their tokens. But the IPOs on the other hand should already have their shares listed on any exchange. This, in turn, make sure that there is appropriate cooperation between, thereby giving the investors peace of mind.

3. Regulation

Regulation is another major point of difference while comparing ICO vs. IPO. The initial coin offering happens to be largely self-regulated in nature via the smart contracts on the network of blockchain. As opposed to this, an initial public offering is highly regulated by different regulatory agencies of the government. This, in turn, makes sure that the IPOs are safer to invest in as compared to the ICOs. But that does not mean being regulated is completely safe for the investors since there have been incidents of scams with the IPOs in the past. Each of the investors should proceed with a lot of caution and go through the terms and conditions in detail at the time of investing in either IPOs or ICOs.

4. Middlemen or Beneficiaries

Initial coin offerings have much more operational efficiency as compared to the initial public offering by eliminating the requirement for middlemen or intermediaries such as brokerages, exchanges, regulators, and a number of others. It is precisely the reason as to why initial coin offering can be much more profitable from the point of view of the investors. On the other hand, the initial public offering involves payout to the brokers and a number of other fees as well as percentages to the middlemen present in the process.

5. Type of Investors

If an investor wishes to participate in an initial public offering, they are required to necessarily meet all the strict requirements as outlined by brokers as well as the regulators. These regulations include being totally compliant with anti-money laundering rules and know your customer or KYC. But in the case of initial coin offering, none of the investors need to fulfill any kind of regulatory or compliance requirements. Anyone having access to the internet is able to participate in the ICOs.

6. Allocation of Investments

At the time of comparing ICO vs. IPO, there is a point of difference between allocation of investments in each of them. It is one of the areas where an initial public offering has proved to be better as compared to an initial coin offering. For example, there are some ICOs that have an unfair distribution of their investments that are crypto tokens. It is because of the fact that the “whales” tend to buy most of the tokens which then disfigures the price and makes room for manipulation of the market. But in the case of the IPOs, the shares are allocated through different feasible methods that are approved by the regulators, thereby assuring each of the investors of a completely fair distribution of shares of investments.

What has the Future in Store for ICOs?

In recent times, the process by which different companies raise funds via the investors has undoubtedly come a long way such as initial coin offerings and crowdfunding campaigns. We all know that the raising of funds through initial public offerings could be outdated in the near future. It is because when we compare ICO vs. IPO, ICOs tend to offer a wide array of benefits as compared to the IPOs like their high efficiency, vast outreach, high interest, and decentralization. Although there are a few negative aspects of the initial coin offerings which the initial public offerings do not have, ICOs will still win over with the advent of regulation and growth in the industry. Therefore, it would be quite right to say that the future of initial coin offerings looks bright.

-Contact Us-

SoluLab being the top 3 Blockchain developers can help you build the perfect Blockchain Platforms.
Inquire Now

Binance Decentralized Exchange: A Quick Guide on the Binance based Decentralized Exchange

Posted on by Shipra

Exchanges have played an important role in connecting cryptocurrency buyers and sellers from the early days of Bitcoin. We would have far worse liquidity and no means to agree on the right price of assets if these forums did not draw a worldwide user base.

What is a decentralized exchange?

Another use of blockchain technology is a decentralized exchange. It provides crypto asset Peer-to-Peer (P2P) trading. The most significant benefit of a decentralized exchange is providing trading in nearly all accessible currencies. There are now around 5000 coins in circulation. Many of these currencies are still in their infancy, and they do not have a large trading volume – an essential factor for centralized exchanges when deciding which assets to offer for trade.

About Binance

Binance is a blockchain ecosystem that includes several components like Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, and Charity.

Binance Exchange is the world’s largest cryptocurrency exchange, with users from more than 190 countries and territories. Binance Exchange is the biggest crypto exchange by trading volume and one of the quickest in the world, capable of executing more than 1.4 million orders per second. The platform prioritises security, robustness, and execution speed, attracting both amateur and professional traders. Visit https://www.binance.com/ for additional details.

Is Binance a decentralized exchange?

Binance, the world’s biggest cryptocurrency exchange, has released its much-anticipated DEX trading service, which is currently accessible on testnet.binance.org.

This debut, which, as per the URL is first a testnet and was awaited for a long time. It is intended to supplement the primary Binance exchange. It handles about $1 billion in day to day trade volumes.

That main service, like many others, is centralized. Thus, the exchange handles its clients’ fiat/cryptocurrency balances.

Centralized exchanges determine the pricing, choose the assets on sale, and profit from transaction fees.

According to some crypto traders, this exposes consumers to losses due to hacks, and some other unanticipated problems like shutdown. Users are often advised to take ownership of their bitcoin and manage it with a wallet. Here, a dex plays a role since it enables trading for users straight with their wallet, rather than the time-consuming process of putting and withdrawing tokens from an exchange. As a result, the Binance dex directly complements its controlled exchange, providing consumers with additional choices. Binance also promises to provide speed.

Zhao has also promoted the dex as a new income generator for the business since it is built on Binance’s blockchain, with the company running several nodes. Zhao previously told TechCrunch that the business would get a portion of the network charge if its nodes were utilized in transactions. Not that Binance needs assistance generating money; according to a recent article from The Block, it earned a profit of $446 million in 2018, a year that was undoubtedly a downer for the crypto sector as a whole.

They have one reservation regarding the Binance dex, and that is the possibility of opening a wallet with a private key.

Quick Brief on Binance Chain and Binance Coin

Binance Chain is a new blockchain and peer-to-peer distributed system that Binance and the community have created. Binance DEX is a secure, native marketplace based on the Binance Chain that enables the trading of digital assets created and listed on the DEX. All transactions are recorded on-chain and constitute a comprehensive, auditable ledger of activity.

Binance Coin (BNB), which is presently an ERC20 token, will be transferred to Binance Chain as the native asset. Traders will be able to create, transmit, and receive new tokens on the blockchain, as well as suggest new trading pairings for inclusion.

Design and UI of Binance Decentralized Exchange

The design and user interface of Binance DEX will be recognisable to anybody who has dabbled with cryptocurrency exchanges previously. New users may be overwhelmed by the charts and data rows, like with any exchange, but a few minutes of basic study is all it takes to understand what everything means.
In terms of design, people are loving the dark theme. It is much easier on the eyes than the blinding white options. The exchange is well-organized, and it is simple and straightforward to browse various trading pairs, place and view orders, and check your balances.

If you use the exchange on a smartphone browser, the UI is modified as expected, but it’s still straightforward and simple to use if you don’t mind a few additional clicks here and there to see things like charts.

Binance Decentralized Exchange supports Ledger

The Binance dex now supports Ledger (both the hardware and the software), but alternative safe choices include KeyStore file upload, less-secure private key, or mnemonic phrase.

Many people, like Zhao, believe that cryptocurrency adoption is still in its early stages, and words like “education” and “democratization” are often used in the sector. Removing the secret key, thus reducing possible phishing attempts, seems to be part of teaching new users and making crypto secure for those who join.

Conclusion

Historically, centralized platforms dominated the world of cryptocurrency. However, with the fast-developing technology stack accessible, a rising number of platforms enabling decentralized trading have developed, like Binance Decentralized Exchange.

Several decentralized exchanges have developed throughout the years. Every single one of them iterating on past efforts to improve the user experience. This creates more robust trading platforms. Finally, the concept seems to be strongly linked with the ethos of self-sovereignty: consumers do not need to trust a third party, as with cryptocurrency.

Ethereum-based DEXs have experienced a significant increase in use as a result of the emergence of DeFi. If the current trend continues, we may expect more technological innovation across the board.

-Contact Us-

SoluLab being the top 3 Blockchain developers can help you build the perfect Blockchain Platforms.
Inquire Now
WhatsApp Telegram