The concept of stablecoins unraveled!

Emerged in early 2018, stablecoin is one of the most popular and is becoming the preferable choice of currency among budding entrepreneurs for their digital business. For starters, stablecoin is a cryptocurrency that is backed by tangible, physical assets. Stable coins can be backed by precious metals/stones, fiat money and gold.

The root cause of stablecoins gaining tremendous popularity among potential investors and is preferred more over other cryptocurrencies is that they help cope up with price volatility. As they are asset backed stablecoins, they’re less prone to constant price fluctuations when compared to other cryptocurrencies. Now, with the booming trend and popularity, if you want to create your own stablecoin, this is the right time. But it is essential for you to know the top features to understand the working of stablecoins before going into the development. Let’s find out what they are.

Key features of a stablecoin:

• High-Volume Liquidity
• Transparent Transactions
• Advanced Blockchain technology
• 100% “stable” asset backed currencies
• Widespread integration
• Increased access to financial inclusions
• Efficient mining process
• Energy efficiency- High-speed transactions
• Exposure to primary assets
• High-end security

Now, when it comes to the development, creating the coins from the ground up involves a lot of technical factors and consumes ample time and money. To build them efficiently and to get them up to speed, the better option will be to get in touch with a stablecoin development company that will be well founded and experienced. Such companies will offer quick, cost effective solutions along with personalised customization according to your preferences. Choose your company today, build a feature-rich stablecoin that will be a hit in the market, and raise huge profits for your venture!

Exclusive stablecoin launch services unraveled!

Stablecoins are the new hot cryptocurrencies making rounds in the market. They are backed by real-world assets. Stablecoins can be precious metals backed cryptocurrencies, fiat backed cryptocurrencies or gold backed cryptocurrencies. Because of this, they become stable and less volatile to constant price fluctuations unlike other existing cryptocurrencies. Stablecoins are also backed by blockchain technology that ensures high-volume liquidity, high-end security and user transparency. Stablecoins also come along with several other benefits that include,

• Decentralization
• User privacy
• Faster, cheaper, borderless transactions
• Reduced costs
• High programmability and scalability
• Price stability

Thus, due to these many advantages that come along with stablecoins, the demand and popularity is widely booming among potential investors all around the world. If you are looking to create your own stablecoin, you can’t stop with developing, but also carry out distinct, sound launch services that will grab the attention of investors towards your project and make your coin “stable” and sustainable in the long run over existing competitors. For that, let’s see some key launch services that will help you.

Tricks for a unique stablecoin launch:

• Drafting a engaging/ informative whitepaper/ investor prospectus that explains about the purpose and benefits behind your stablecoin
• Easy navigable/ efficiently designed website that drives customer’s attention to get to know about the stablecoin.
• Listing the stablecoins in recognised platforms
• Landing page with clear vision communication and dashboard with three stages, pre-post and burn coins
• Coindrop to wallets with bonuses
• Referrals and promo codes
• Roadmap strategy
• Blockchain and smart contracts deployment
• Price volatility hedging and due diligence
• Tech support, bug support 24/7 customer support

These are the most essential launch services that will make your stablecoin a hit and stable in the market. Gathering these elements together will consume a lot of time, money and demands technical assistance. The wiser choice will be to hire an existing stablecoin launch service company, who will provide you both pre and post launch services that are reliable and effective. And also, you could avail cost-effective solutions and your stablecoin will be ready to hit the market in no time! So, get in touch with a company today, launch your coin and spin millions!  

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.