Any coin other than Bitcoin falls under the term ‘Altcoin.’ There are almost 17,000 types of cryptocurrencies - as of April 2022. While Bitcoin & Ethereum make up 60% of the market, Altcoins take up the remaining 40%, according to the crypto market-tracking website CoinMarketCap.
Should You Invest in Altcoin Development?
Because of its smart contract capabilities and the appeal of digitally scarce art known as non-fungible tokens, Ethereum, the most widely recognized altcoin, has risen dramatically since its 2015 inception (NFTs).
I think it’s time to perceive crypto as a get-rich-quick scheme. Instead, see the Altcoin development as a new opportunity to leverage blockchain-based assets without putting much on the line.
Some Types of Altcoins
While there are so many Altcoins out there, the majority of them broadly fall under these four categories:
Stablecoins are virtual currencies either pegged to a less-volatile asset or a fiat currency (like the U.S. dollar), or even some other cryptocurrencies.
Memecoins often follow the trend and draw attraction from social influencers, drawing value from the online community.
Utility Tokens embed the community-specific governance functionalities or special accesses. Take Ether (for instance), which serves as the payment processor to mint currencies.
Security Tokens represent the fractions of a real asset with value (for instance, the real estate shares). Blockchain technology bestows immutable ownership records!
While your decision is ultimate, try to follow the trend - look up the market and identify which altcoin is drawing more traction; doing so would help you plan your Altcoin development accordingly!
Conclusion
It’s hard to foresee which altcoin type will have lasting value. A recent example of Terra (LUNA) - what was one of the best-performing Altcoins - crashed recently with a significant value drop.
Consider Altcoin development if you’re serious about a long-term venture in the crypto sector - while not if you’re a passive investor.
If you’re serious about it, hire an altcoin development company now to assist you on the technical side.
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Crypto value took a hit last November (2021), and ever since, it’s been a plunge in the sector. While a few crypto holders rush to sell their assets (to make something out of it), experts predict that dip-in market scenarios would lead to the advent of new cryptocurrencies.
Let me back it up with numbers!
Assets Liquidated,
Eloisa Marchesoni, a crypto expert, says that: almost $1 billion of crypto assets was liquidated in the last two days (taking two days prior to writing this blog!).
She also adds, “Increased institutional adoption of crypto has had a big impact, along with the stock market”. Both crypto and stock markets have been witnessing the dip simultaneously.
Need for New Coin
The pandemic-inflicted inflation is a major reason for the downturn in the general economy. Some experts attribute the same reason for the crypto dip (as well) - as there are very little to zero cryptos that adjust to the new monetary conditions.
Do you wonder - what does this mean?
There is an increasing need for an Altcoin that takes a multi-dimensional approach to the cos-existing traditional economy. Marchesoni echoes the same in her recent interview as follows: Until the crypto market starts adjusting to the changing monetary conditions, I do not think crypto will rise again.
Why wait?
Well, it is evident that there is a need for an Altcoin that serves as a respite for the current crypto sector.
If you’re an entrepreneur reading, you can embrace Altcoin development services for the greater good!
Do you have any second thoughts regarding this content? Feel free to drop those in the comments section.
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If you’ve recently jumped on the NFT bandwagon, you’ve definitely done your investment portfolio a favor. Non-fungible tokens (NFTs) have become an integral part of investment preferences. Modern entrepreneurs know the immense potential of blockchain-linked digital assets and its that rationale persuade them to start their NFT-based businesses. I guess you’re one such entrepreneur prefering to gain good returns from NFTs.
But then, how to get the NFTs in the hands of the target buyers (also known as NFT enthusiasts)? Discord marketing for NFT collections is the only answer to enhance your NFT’s visibility.
One leads to Two, with Community!
Marketing your NFT collection starts with building a like-minded community. Imagine if you’re creating an NFT art; you may form a community with art enthusiasts (from across the world). Remember - building a community is never a short-term utility but a long-term one.
Also, with accumulations of enthusiasts from different demographics, you can persuade a wide range of people to your NFT project.
Ask-me-Anything Sessions
You form a community for your NFT project, but how do you keep them engaged? If not, community members will leave your Discord server - like a house of cards crumbling down.
Conduct AMA (Ask Me Anything) sessions on topics related to your NFT project or general. Incentivize those who regularly engage with your AMA sessions - it might give you better (virtual) word-of-mouth compliments!!
Explore Popular Discord Communities
If you’ve just stumbled upon the marketing side of Discord, all these things can be perplexing! If you have the Discord platform installed on your Desktop or Mobile, try to join the following Discord servers (which may give you an idea or two):
VeeFriends - This Gary Vaynerchuck-owned Discord community encompasses valuable information about NFTs. You can witness what a real community means here!
Larva Labs - NFT art projects are the most notable in this Discord group. It serves as a gathering place for both professional and experimental enterprises. You can join the Larva Labs discord community if you're interested in becoming a part of the popular Crypto project community.
Conclusion
So those were the key Discord marketing strategies for NFT projects that you can test out. While you can weave a Discord marketing campaign yourself, it’s advisable to hire a professional Discord marketing agency for proper planning, ROI-driven strategies, and swift results.
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Marketing and branding will give the end result for any business on this planet. There are many technologies to advertise products and services. Discord is mainly the software that runs on VoIP configured in Windows, Mac, iOS, and Android models. The Discord Marketing company deploys the Discord, especially for efficient communication. The mode of communication can be through text, audio, and videos. The rising technology of Discord brings healthy competition among other companies and servers.
What is Discord Marketing?
It is software that supports communication efficiently through VoIP, where the medium of contact is voice, video, and messages subsequently. It provides both private and public servers to create and enjoy their own invite links that end within a stipulated time period.
Discord marketing Firm- huge demand
It has been the talk of the town because of its variation from other communication tools.
Being User-friendly, it provides permission to access the server for free by creating our own links
Enables chat options which can be private or public
The information shared in the environment is deletable and hence safe.
Discord Servers - How it is used?
A Discord server shares similarities with an online chat where it enables one to create their own link for a group conversation. It is extensively inbuilt in recent video games after metaverse. The Discord marketing strategies can be based on two versions: Classic and Nitro
Discord Classic
Discord classic is software that provides free-of-cost service. Additionally, they give 30 FPS screen sharing, Discord Bots, sharing images and files is minimal, access to public servers.
Discord Nitro
It is another category that enables access only after payment by the users. The features are
HD 60 FPS screen sharing, Discord Bots, high-quality video, unlimited uploads, and sharing of files.
Bottom Line
Thus, I conclude the big picture of how Discord marketing company works with its potential features. This rising technology can increase economical revenue by serving as the best communication server for other industries.
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Cryptocurrencies and everything related to them has become one of the most widely discussed subjects. Because the phrase is linked to decentralization, it's easy to see why new digital money launch initiatives generate so much buzz and attract investors.
Should You Invest in Altcoin Development?
Bitcoin, and especially altcoins, are highly speculative, according to experts. Because of its smart contract capabilities and the appeal of digitally scarce art known as non-fungible tokens, Ethereum, the most widely recognized altcoin, has risen dramatically since its 2015 inception (NFTs). At the time of writing, ETH has a market capitalization of $346 billion.
How to Go About - Altcoin Development
Choose Your Blockchain Network
Building your altcoin on a blockchain network is the first step. You can either choose an existing network or build a new one. While there is a need for potential chains, building your (own) network is advisable.
Create Token
You can pursue Altcoin development - a less-expensive approach to create your token. A token runs on top of an existing blockchain like Ethereum, whereas a coin has its own blockchain.
Choose Token Standard
Traditionally, the ERC-20 standard has been used to create most coins and tokens (which is the Ethereum platform marker). You can utilize services like MetaMask to provide correspondence with the service.
Launch an MVP
A minimum viable product (MVP) is a working solution that illustrates the core functionality of the generated product and allows for user feedback. As a result, you may put your product to the test with your target market to see if it's viable for further development.
Look for Investors
The launch of an Altcoin might incur unbearable costs. Finding investors is the best option. To attract as many individuals as possible to invest in developing your business idea, you'll need to engage pros to create and manage an intelligent and informative website for you.
Conclusion
If you have a viable Altcoin coin idea, but lack labor resources to implement it; go the easy way - hire an Altcoin development company!
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Crypto market was witnessing growth just a few months ago. However, most cryptocurrencies (including Bitcoin) have dipped (in value) over the past three to four months. A serious debate is underway about whether the crypto space is mired in a bear market. Well, from the instances, it looks like it!
Long-term Perspectives will Help Thrive!
Cryptocurrency has long been seen as a digital goldmine, but it, like any other asset, has its ups and downs. Instead, consider the market from a long-term perspective.
The term "cryptocurrency" refers to a sort of digital currency. It may be used to buy products and services, much like physical money. There are thousands of different types of cryptocurrency available today, some of which are more well-known than others.
Take Bitcoin (for instance), which has seen numerous ebbs and flows throughout its journey. A few years ago, back in December 2017, Bitcoin witnessed a sharp decline from $20000 to $3000 in just a few days to only rebound in a matter of a few weeks.
Simply put, the sudden uprise and decline is a norm in the crypto market. Planning for a long-term haul is the better solution!
Buy-low-sell-high Will Be the Norm!
Well, it has always been the norm regarding any investment. However, amidst the current bear-ish market, this tactic will have its relevance.
When faced with massive price decreases, it's all too tempting to try to cut your losses. If you do, though, you will not benefit when prices begin to rise again. Furthermore, after a significant decrease, selling goes against one of the oldest investment rules: buy low and sell high. Granted, timing the market is difficult, so this is easier said than done. On the other hand, selling at a loss will lock in your losses.
Should I really Make the move?
Buy the Dip - a common tactic in the investment world, involving buying of assets during the price drop. One section (of crypto space) has taken the observer’s route, while the other has taken the buy-the-dip route.
If you’re an entrepreneur reading this, the move to cryptocurrency development will potentially benefit you amidst the bear market.
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Crypto tokens mean financial transactions and trading. The value of a crypto token is not fixed, and the importance of a crypto token has a specific value for itself. Furthermore, the value of crypto ... View More
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Of course, there is! A Discord marketing firm can put your business/brand on the industry map and bestow relevance. And, while internal processes and product qualities are important, a strong communit... View More
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Non-fungible tokens are digital assets stored on a public register (the Blockchain), ranging from digital artwork, property, and tweets to anything digital that can be bought and owned online. Through a smart contract, blockchain technology provides proof of ownership and reliability and transparent history of ownership, ownership changes, and the purpose of the NFT as it transfers ownership to someone who purchases an NFT.
NFTs for Discord or vice-versa?
NFTs must follow several protocols, differentiate themselves from their competitors, and provide a unique value proposition to entice potential buyers. The NFT Discord marketing will focus on creating a well-crafted NFT that meets the criteria listed and using strategic approaches to build an NFT community that supports the project with excellent tools such as optimized content and user-friendly websites. To encourage more people to own NFT, the best marketing strategies for an NFT platform will aim to leverage all platforms, including social media platforms, gaming platforms, etc.
You can expand audience reach to improve customer engagement and conversion optimization as you penetrate the NFT space as a trusted brand and implement other strategies to push your NFT platform into the spotlight. As a result of the success of your marketing campaigns, your company's NFT collections will increase.
How Do I Go About NFT Discord Marketing?
Create a Discord marketing strategy for your project, focusing on community development. If the server wanted to foster a sense of community, this would be crucial. But first, you'll need to figure out how to start a Discord server.
Firstly, create a project-specific Discord server.
Secondly, invite people to it.
You would want to promote your server.
Thirdly, organize your Discord channels.
Assign Roles to Consistently-engaging Users within your server.
Conduct Giveaways & AMA (Ask Me Anything) sessions.
You didn't set out on this journey to add new members to your community. A sufficient number of participants is required to advertise your goods effectively.
Conclusion
NFT Discord marketing is about building a project-native community around your NFT venture. Your marketing efforts must reflect the venture’s values and objectives. Employing a professional Discord marketing agency will keep your marketing efforts conform to objectives.
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Due to social and economic lockdowns, billions of people around the world were forced to adopt new payment and shopping platforms for the first time in 2022. A crypto wallet is entirely designed for facilitating crypto transactions, regardless of borders.
Crypto Wallet Development
Many players are planning their crypto wallet development because of the vast potential in the crypto space. Crypto wallets have become extremely popular across the blockchain ecosystem.
Cryptocurrency wallets are designed and developed to store, manage, and transact cryptocurrencies securely and safely and at lightning speed. Let's say you want to launch a crypto wallet to power your existing business; you may receive payments from crypto enthusiasts in cryptocurrencies. On the other hand, its users can check their previous transactions and thus keep track of what's in their crypto wallets.
The Trends - Crypto Wallet Development
NFC-based Wallets (Near Field Communication)
International Remittance
Move from custodial to non-custodial wallets
KYC/AML-enabled checks
Social Shopping
Technology is evolving every day. While developing your crypto wallet, it becomes essential to incorporate such new-gen technologies. NFC, AML, and remittances are making serious inroads in the crypto payments space.
The Challenges
Tech Vulnerabilities
Security vulnerabilities have become common these days in the crypto space. What matters is whether you identify them at the right time. Ever Surf recently witnessed such vulnerabilities; however, the developers identified and patched them in the new desktop version.
Regulatory Compliance
Central banks tightly regulate money and finance. You can't provide certain features in crypto wallets if a jurisdiction doesn't allow them. You should hire a crypto wallet development company that is familiar with the current rules and regulations in the target countries.
Conclusion
Developing a crypto wallet in the blockchain era is not a difficult task to bring this blog to a close. On the other hand, white-label cryptocurrency wallet development would make the process easier because it offers the benefits of instant launch at a lower cost than developing the crypto wallet from the ground up.
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