Discovering the Role Played by Fiat Backed Stablecoin in the Cryptocurrency Industry

 

 

As investors look for certainty and stability in their holdings, Fiat backed stablecoins are the latest fad that has become a huge attraction. It represents valuable tokens associated with the value of a specific fiat currency of a country. These assets will be pegged at a 1:1 ratio. To ensure that the price remains at parity with the underlying asset, a specific amount of fiat will be stored in a bank which acts as a trustee which guarantees safety and proper accounting of the asset. Popular examples of Fiat backed stablecoins are Tether (USDT) and TrueUSD (TUSD).  

 Advantages offered by Fiat-backed stablecoins 

• They are a viable alternative to the highly volatile cryptocurrencies. Price fluctuation in Fit-backed stablecoins is very minimal and negligible. 

• Complexity is not there as investors can easily understand the conceptual structure of a fiat-supported token. 

  Limitations of Fiat-backed stablecoins

• Though it offers a high level of safety for investors, it involves stringent regulations sometimes oversight from certain authorities. Since it is pegged to a fiat currency, it virtually has a nation’s pride at stake. 

• Since custodian facilities are involved, it requires sharing of data with a third party. Skeptical investors will find it not trustworthy.

• A higher level of centralization and rigidity is involved to maintain the vital 1:1 ratio. 

• The claims of being fully backed by a fiat currency lack transparency. It needs regular audits to be performed by independent authorities to verify its authenticity. 

      

       Though concerns remain regarding auditing, transparency and practices like price manipulation, fiat-backed stablecoins have a promising future amidst increasing government control and regulatory interference happening in today’s world. 

Receive Higher Traffic With the Help of ICO Community Marketing Services

 

Feed your audience with constant updates and news of your project with effective ICO Community marketing services prepared to face the market conditions by Blockchain App Factory. 

Develop a solid brand value by improving your product’s features and focussing on customization. 

Reasons to Choose Blockchain App Factory for ICO Community Marketing Services 

• Exposure is given to the top blockchain communities, forums and portals which are buzzing with new information. 

• Constant communication is maintained with the target audience by providing consistent material. 

• The feedback from the users would be utilized to make improvements which would let them feel appreciated. 

• Interested community members can also circulate their information among their respective networks which would help in getting more potential customers. 

• It is a cost-effective tool and helps in gaining publicity quickly. 

The Process That We Follow in Our ICO Community Marketing Services 

• Communication activities commence during the token sale campaign. 

• A strong consumer base is created before the official launch of the ICO project. 

• A larger target audience will be aimed at through multiple marketing channels. 

• Trust is established by dealing with queries and issues swiftly on different platforms. 

• Informative content will be posted on popular forums such as Bitcointalk. 

• Verified accounts will be created to support the ICO projects. 

• At least two separate networks will be created for generating quick awareness in a limited time. 

• Real-time updates will connect investors with prospective consumers. 

• Constant feedback and suggestions will help in improving the efficiency of the marketing strategy.            

Follow the above tactics in your ICO Community marketing services for achieving massive success.

Smart Contracts: the Next Investment Wave of 2020

With digitalization being slowly introduced in every area of our lives, it is no wonder that traditional contracts are no longer viable across industries. Given the potential of simplifying and automating the repetitive processes occurring in many areas of operation, smart contracts are seen as an investment in the future rather than an expense. Eliminating the time-consuming and cost-inefficient services provided by lawyers and banks enable businesses to have better performance rates. This, in turn, increases their overall turnover. 

When blockchain stepped in the virtual world, it was clear that the number of services it will serve as a base for is going to quickly increase. Smart contracts present a software controlling the digital currencies or assets transfer between two parties under pre-defined terms and conditions. Since they run on the immutable platform and are secured with cryptography, it is almost impossible to hack them. 

Ranging from automating healthcare payments to introducing royalties for the music usage, and from assuring the secure real estate agreements to storing data on vehicle maintenance and accident history, smart contracts are applicable to a variety of industries. By investing in a proficient developer, you will be saving valuable time often spent on manually going through a big load of papers. Blockchain App Factory is able to offer you experts competent in providing you with the solutions tailored to your needs. Do not hesitate to jump on the smart contract bandwagon - contact Blockchain App Factory at   https://www.blockchainappfactory.com/smart-contract-development.  

How To Build A Tokenization Platform?

Tokenization Creation Process

Building a tokenization platform is not an easy task. This is a long and time-consuming task that an entrepreneur has to consider different features when developing one. These features have been listed below:

• Easy liquidity of funds
• Multi-currency support
• User-friendly interface
• Interactive dashboard
• Secured login and logout
• Proprietary wallet
• Trading options

It should be noted that these features are over and above the basic functions such as security, reliability, and functionality. Fortunately, in 2019, it is possible to launch a full-fledged tokenization portal without any hassle. With the presence of different blockchain and cryptocurrency development firms, it is possible to develop and launch meticulous platforms. Often these development firms offer OEM solutions that grant complete ownership status to the platform owner. While a simple Google search will catalog a number of service providers, it is always wise to conduct in-depth research before entering into any commitment.

Summing up

Tokenization platforms offer a seamless and secure way to sell assets. They do so by focusing on transparency and immutability which help make record-keeping and documentation a breeze. While it is easy to develop a portal with the help of a tokenization platform development company, there are different factors to keep in mind, such as security, functionality and user-friendly features.

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Real Estate Tokenization: the New Investment Model in Realty

Blockchain brings several utilities into the real estate ecosystem. It brings a transformative impact on trading properties with more transparency between the seller and buyer of the asset tokens. The tokenization of real estate assets makes the process of investment more democratic, inclusive, faster and cheaper transactions. 

These tokens are immutable and it can be traded in the secondary market via crypto exchanges. Real estate tokens, otherwise known as security tokens, are created to represent the shares of the property which are equivalent to the value of the asset.

The tokenization of property will increase the financial inclusions of the average investor, it gives broader access to illiquid assets to the huge investor base. Let us see the benefits of real estate tokenization.

The property tokenization addresses several challenges in the real sector. 

Access to Capital: 

Fractionalising the property through a blockchain-based system offers smaller investment denominations and opens the market to the more diverse group of investors.

Liquidity:

The illiquid nature of the property is a greater disadvantage for the investor. However, with the increased awareness about real estate security tokens, liquidity is highly feasible with trading accessibility in the secondary market. Though token trading is quite low, its scope is promising in the long run. 

Cross-Border Transaction:

Any transaction across the border always comes with a lot of restrictions and even greater investment challenges. 

With blockchain technology and tokenization, we can bypass the challenges and streamline the smooth transaction facility. Accessibility to the global market helps the investors to diversify their investment portfolio. 

There is a huge requirement for seamless execution of this transformative technology in reality. If you are looking to build a platform, Blockchain App Factory will help you in developing legally compliant real estate tokenization platform.