Why are stable coins so important?

The topic of stablecoins entered the fray in the late 2017 and early 2018. Described as the “Holy Grail of Cryptocurrency”, a scalable and stable digital currency would push for adoption in daily use. The stablecoin represents three units of monetary value; unit of account, store of value, and medium of exchange. This differentiates stablecoin from the rest, this can have a real-utility value in a way volatile cryptocurrencies cannot.

The emergence of secure, efficient, trustless stablecoins provides a platform to develop an overall distributed ecosystem of markets, loans, and insurance. Also, payment for various DApps would increase the anticipation and advocacy of stablecoin.

Features of Stable Coin:

No Volatility:

Stablecoin will transform the financial industry with a currency that is stable and secure for businesses to sustain in the ever-changing monetary values.

Financial Inclusion:

Financial services are no longer an elitist. Blockchain Technology ensures that everyone has equal access to financial institutions.

Resilient Stablecoin:

The asset-backed cryptocurrency for the 21st century which is designed to maintain a stable value across jurisdictions without a change in value.

Liquidity:

Assets with liquidity will help you to raise funds for your project in a secure and stable form of money. When the price increases additional tokens are minted to maintain the stability.

Increased Exposure:

The trading happens on margins due to the opening of collateralized debt obligation(CDO) thereby increasing the exposure to the underlying asset.

Governance Token:

The responsibility lies with the token holder to make risk-based decisions influencing the health of the ecosystem of the stable coin.

User-friendly Mining:

Cloud-based mining ensures that miners do not require sophisticated equipment to mine the gold backed or currency backed cryptos.

Energy Efficient:

Building an ecosystem to orchestrate consensus at a faster speed, with reduced energy usage while having higher transaction throughput.

Widespread Integration:

Stablecoins are crypto-to-fiat currency which enjoys widespread acceptance in the exchanges. These can be easily traded at several exchanges such as Bitfinex.

At Blockchain App Factory, we are one of the first Stablecoin Development Company, offering for end to end Stablecoin development services including creation, trading and marketing.

Launch your Initial Exchange Offering(IEO) with Blockchain App Factory!

Initial Exchange Offering (IEO) is a fundraising mechanism where the issuers create tokens for their projects and raise funds using the user base of the exchange. IEOs are an agreement between the fundraising company and crypto-exchanges like IDAX, LATokens & Binance, with some pre-conditions.

Fundraising through IEO is considered safer by the investors since the crypto-exchanges would ensure due diligence before accepting any project. Initial Exchange Offering is a new booming trend and has the potential to change the way we look at token-based fundraising. This fundraising option gives the investors the confidence of liquidity while giving the projects a ready-made user base to target their marketing efforts. Also, it reduces the burden of the KYC/AML process on the issuers as the exchanges take the responsibility of verifying investors and projects.

At Blockchain App Factory, we have the right kind of experience, team, and expertise in developing and marketing tokens for your Initial Exchange Offering projects. We can get you to start your crowdfunding campaign instantly through our strategic partnerships with leading Cryptocurrency Exchanges.

Our history with ICOs have helped us gain invaluable experiences in marketing to the crypto-community and investors. As an IEO Marketing Company, we have an expert team with creative designers, engaging content writers and driven SEO analysts making your project viral in the market. Our offerings has ensured that our clients are able to reach their softcap thereby kick starting their projects with ease.

The different types of cryptocurrency wallets!

Before we plunge profound into the various sorts of cryptocurrency wallets, it is critical to comprehend what cryptocurrency wallets are. It is a blend of a private key and an a public address much like a login ID and a password. The mix of the private key and the public address gives you access to your cryptocurrency and furthermore gives you the alternatives to transact utilizing them.

Hardware Wallets:

The name is very plain as day! Hardware wallets are hardware devices that are worked with a particular reason for dealing with private keys and public addresses. To a great extent, the hardware wallet is a USB-like gadget with an OLED screen and side buttons that assist you with exploring through the interface. Connecting it to a PC and associating with it over local work area applications for different currencies lift the usefulness of the hardware wallet. The hardware wallet doesn't utilize a battery and can be associated with either a PC or a cell phone.

Paper wallets:

Paper wallets may appear to be basic with the classification yet it requires some specialized abilities and elevated level of inquiry from the user. In a typical paper wallet, you print the private keys and the public addresses on a bit of paper and your Bitcoins or some other cryptocurrency on it.

Perhaps the best bit of leeway of utilizing a paper wallet is that it keeps your private key outside the system and that part improves the security.

Desktop wallets:

Desktop wallets are the old fashioned sign of cryptocurrencies. They are installable software bundles that can sit on well known operating systems like Windows, Mac, and Linux.

Outside the topic of security, any cryptocurrency that is not kidding about itself will dispatch their desktop wallets on the primary day itself. Nonetheless, since it is another software which interfaces with the internet, it is critical to follow the essential security estimates like antivirus and against malware software.

Mobile wallets:

Mobile wallets, on account of the mobile telephone entrance and the continuous availability, are the most well known sort of wallets at this moment. They are intended to be anything but difficult to utilize and are compatible with both iOS and Android. Regardless of whether not for an iOS application, you will undoubtedly discover in any event a conventional Android adaptation.

Web wallets:

Web wallets are tantamount to the digital banking interfaces of mainstream Banking. They are constantly associated with the internet and can be gotten to utilizing the web address through programs like Chrome or Firefox. The private keys are held online in the program itself and are inclined to DDOS attacks. Web wallets can either be hosted or non-hosted relying upon the sort of wallet that you use. The non-hosted kind of wallets are prescribed as you are in full control of your funds.

Blockchain App Factory excels in employing disruptive technologies after intensive research and discovering new possibilities every day. Get your own multi cryptocurrency wallet to experience seamless and secure exchange of your virtual currencies from us. 

Launch Your Own Bitcoin Wallet

In the last ten years, cryptocurrencies have garnered widespread attention and sparked debate amongst its supporters and naysayers. The core is the challenges posed by digital currency to the conventional trade practices and giving a new twist to the world economy.

As we all know, cryptocurrency is wholly developed with blockchain technology. So, there is a massive opportunity for developers who can provide a solution based on the underlying technology, such as, altcoin development, decentralized exchange development, ICO development & marketing, bitcoin wallet development, stable coin, etc.

As the market continues to attract many serious investors, blockchain development companies are gearing up to provide service to the growing demand. One such application is developing a secure cryptocurrency wallet. With the increasing demand for Bitcoin wallet development from trade exchanges**,** there is an influx of many companies that provide wallet development services. Blockchain App Factory is an expert-led cryptocurrency wallet development service providers who can offer a 360-degree solution starting from security, ease of transfer, user-friendly system, stability, multi-cryptocurrency handling, etc. They help you create wallets that meet your needs.

Bitcoin and other altcoins are offering an immense opportunity to make money. Seeing its growth, days are not any longer for widespread adaption. Are you prepared for this new finance technology?

Insights of an IEO- Development, Marketing, Launch!

What is an IEO? How is it different from an ICO?

ICO or Initial Coin Offering is one of the currently trending fundraising mechanisms among emerging business entities. But, IEO (Initial Exchange Offering) is positioned as the successor to ICOs. IEO is also a token sale, like an ICO, but is moderated entirely by a crypto exchange. To buy an IEO, an investor has to be a part of an exchange and can buy/sell using their registered account. Whereas, with ICOs, users can directly buy and pay to the owner through their wallet address. IEOs basically serves as a secure medium between the crypto projects and the investors. An IEO has many benefits involved. Let’s see what they are. 

How is an IEO useful? What are the benefits? 

• Trust of investors - An IEO deals with only authentic exchange platforms, which ensures credibility and reliability to the investors and helps them with a secure business process. 
• Enhanced security - An IEO comes along with necessary regulations and KYC/AML verifications, which provides high-end security to the users. 
• Elimination of scam possibilities - As mentioned earlier, an IEO is not anonymous or fake as it is combined with a legitimate exchange platform. Hence, there is no possibility of scams occurring. 
• Increased exposure - Compared to other methods, an IEO opens up more market exposure, credibility and drives more users into the project by gaining their trust and interest. 
• Listings - It is more efficient to list an IEO compared to conducting an ICO campaign 

These are the most significant advantages of an IEO.  Now, if you are an entrepreneur aspiring to take your project to another level with IEO, let’s walk through a quick brief of everything you need to know, from IEO development, marketing and launch. This will help you sustain in the long run and stand out from the existing competitors. 

Key Steps included in developing an IEO:

• Creating token/ Coin on the preferred blockchain platform
• Attaining legal compliance 
• A whitepaper with a detailed presentation explaining the IEO purpose, benefits, etc. 
• Automated KYC/AML verification
• Advanced Blockchain technology integration 
• Multicurrency secured wallet integration
• High-volume liquidity and security integration
• IEO listings

With the enormously evolving demand and popularity, developing a legitimate IEO that fits the current business model will pave the way for great potential in the market. But you cannot stop with that. To emerge and shine over your competitors you need to conduct massive research and carry out an effective marketing plan and launch for your IEO. Let’s find out the crucial factors involved. 

Ways to market your IEO:

• Engaging Content Marketing through blogs, articles. 
• Global brand awareness through effective social media marketing in various platforms like Facebook, Twitter, Telegram, Reddit, etc. 
• Email marketing and newsletters to targeted potential investors
• Influencer marketing with popular influencers voicing about your IEO in several platforms
•  Press releases, PR campaigns, etc., to create more awareness and attract a large number of customers towards the business
• Community building- Setting up your own community representing your crypto business to gain more loyalty and traction.

     

How to launch an IEO? Essentials:

• Creative whitepaper draft/ efficiently designed, easily navigable website
• Deployment of  smart contracts
• IEO investor dashboard and landing page
• A well written, detailed prospectus explaining the IEO clearly to the target audience
• IEO listings
• Customer support

How to go about all the above-mentioned services? Final Thought: 

As mentioned earlier, IEO acts as a mediator between the investors and the project. So it is mandatory to choose the right platform, a legitimate exchange for kickstarting your business to avoid any hurdles. The best option is to choose a well recognized and currently happening  IEO development and marketing services company. 

For instance, We at Blockchain App Factory, have a team of experts who have ample experience and are aware of the market needs and the constant changes that are happening. This helps you avail solutions that meet such needs! And also, our platform is pre-tested, white-labeled, and feature-rich, which will enable a hassle-free business, attracting global customers! Also, we help you launch your own IEO that is customizable according to your preferences. And the services are cost-effective, and your IEO will be launched in no time! So, get in touch, launch your IEO and join the millionaire club!

Crypto Wallet Development: A New Age Solution to Secure Digital Assets

A cryptocurrency wallet is a software program, a device or a physical medium that stores both public keys and private keys that can be used to send, receive and keep track of all your transactions of cryptocurrencies.

There is a popular misconception that cryptocurrencies are stored in the digital wallet just like the real wallet, but it is not the case. The digital currency wallets actually save a different pair of public and private keys which enables you to access your digital currency.

One can use public keys to receive payments from other’s wallets and private keys to make cryptocurrency payments to other wallets. After every successful transaction, complete details of the transactions are stored in the blockchain ledger. It will be a shared ledger where both parties can track the details.

The most critical parameter of any cryptocurrency wallet is digital security features. Every day more and more people are starting to invest in cryptocurrency, so there is a huge market for cryptocurrency wallet development. Blockchain App Factory is one of the leading cryptocurrency and wallet development companies.

Before you finalize the wallet, you need to know what types of wallets are available at your disposal.

There are different types of wallets in the market and each wallet has varying degrees of security.

Types of Cryptocurrency Wallet:

• Hot Storage (Software Wallet)

The Software Wallets are further classified into Web, Desktop and Mobile Wallet.

• Cold Storage ( Hardware & Paper Wallet)

All digital wallets are prone to cyber-attacks, there is no standardized approach to that problem. But, one can always keep their cryptocurrency secure by taking precautionary measures while handling the wallet. Here are the tips to keep your cryptocurrency wallets safe & secure from cyber theft.

 1. Stay Cyber-safe:

Securing your software wallet is similar to protecting your computer data. You need to put your mind before you click on any link, email attachments and granting access to your information.

 2. Using High-security password:

Setting a high-security password is a basic thing, but it is a vital one. A strong password with a combination of Capital letters, numbers, symbols, etc., will set a strong barrier against robbing your cryptocurrency. And, keep changing the password once in a while.

 3. Backup Your Wallet:

Always have a backup storage option to secure your wallet keys. Take a complete backup and store your information in cold storage like pen drive, CD, Hard Disk and paper. Always keep your backup up to date.

 4. Use Updated Software:

Always keep your system and software updated with the latest security enhancements. Make sure you update both the system and wallet regularly.

 5. Use Cold Storage:

Keeping all the information in hardware and paper wallets is considered more safe and secure than an online storage medium. As this way of storage is not connected with the internet, hacking is highly difficult.

Just like securing your wealth, it is imperative to keep your digital currency safe by all possible effective means. As more and more people joined the cryptocurrency world, there is a rising demand for secure and user-friendly cryptocurrency wallets. If you are ready to invest in providing cryptocurrency wallet service, you can be the market leader in this business. Blockchain App Factory is a cryptocurrency wallet development service provider who can help you launch your own cryptocurrency wallet. Cryptocurrency wallet holds a lot of importance in any digital currency transaction, being an early adopter you can make a lot out of it.

IEO and ICO – The Key Differences

An ICO is issued by the company’s website, whereas the IEO is handled by the exchange itself. The sale of the tokens is conducted by a trusted exchange in an IEO as opposed to the company when it comes to ICO. Since the exchange conducts KYC/AML on its users, the onus of verifying and validating the investors does not fall on the company in an IEO. In an endeavor to protect its name, the exchange will validate the company, and it significantly reduces the probability of frauds and scams when issuing an IEO.

The Advantages of IEO over ICO:

Trust:

One of the greatest advantages that IEO brings to the table is trust. The cryptocurrency exchange platform meticulously analyses every project before it lists their tokens on the exchange. This process brings down the instances of scams and dubious projects from raising funds through exchange platforms.

Security:

On one side, it is the interest of the investors that are protected by IEO ensuring that no malicious companies are listed. On the other hand, since the exchange handles the KYC/AML process, the companies can be assured that their tokens are being bought only by genuine investors.

Ease:

The startups that issue tokens stand to benefit from easier, streamlined and a flawless process of launching IEO on exchange platforms. This is comparatively easier than the classic ICO model where they have to do everything on their own. Yes, it might cost the fundraising organizations the feet that they have to pay to the exchange. However, since the exchange can market it for them, the marketing budget is relatively lower. In addition to this, since an exchange already has an existing customer base, they do not have to start from scratch on day one.

Listing:

In ICO, the company had to undergo the tedious task of listing their tokens on exchanges. When it comes to IEO, the exchange in itself takes care of listing the coin after the crowdsale is over. There were instances where the listing fee was as high as 20 bitcoins and the exchanges have demanded a 10% cut of the tokens. In all of these, the relative ease of the entire process wins brownie points for IEOs.

Summing up:

At Blockchain App Factory, we have the right kind of experience, team, and expertise in developing and marketing tokens for your Initial Exchange Offering projects. We can get you to start your crowdfunding campaign instantly through our strategic partnerships with leading Cryptocurrency Exchanges. We provide end to end services including IEO development and IEO marketing enables you to raise funds without a hassle.