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Cryptocurrency Business Ideas & Revenue Model 2021

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Cryptocurrency Exchange/Cryptocurrency trading business revenue model Cryptocurrency Exchange is also known as Digital Currency Exchange (DCE) where the traders can buy, sell or trade cryptocurrency to other cryptocurrency or fiat currency, and all the transactions are recorded in advanced immutable blockchain technology and are also one of the popular business models in the crypto market. When you enter into the cryptocurrency exchange or trading business you can earn efficiently, Once you start your own cryptocurrency exchange/trading platforms and it gets huge traders, your revenue will reach a higher position  There are several types of crypto exchanges you can choose for your profitable business: Centralized Exchange Decentralized Exchange Centralized Exchange Model It is a trading platform which will act like as a traditional bank or stock market, all of the details of your transaction can be stored in a central server, In Centralized Exchange there will be a middle-man who w...

How to get a Compound interest in your crypto?

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Compound is a blockchain-based decentralized protocol that allows you to lend and borrow cryptocurrencies and it is an algorithmic money market protocol, Compound uses smart contracts to automate and manage the capital being added to the platform. Any users around the world can earn interest by connecting web 3.0 wallets like Metamask .   Compound Token - COMP   COMP is the native token for a Compound protocol. COMP is earned by users for lending or borrowing assets and it is an ERC20 token, by putting ETH or other ERC20 tokens like USDC in the protocol users can get an equivalent amount of COMP tokens and they also can borrow crypto tokens. COMP token using on Ethereum wallet such as MetaMask, Coinbase wallet.   How to get a Compound interest in your crypto?   Compound allows people to interact with crypto in a new way, Once you can complete your quick KYC process in Compound protocol, you will get access to earn interest, If you are a lender you can earn up to 12% ...

How Fees Can be Calculated In Ethereum?

Ethereum is an open-source and blockchain-based decentralized platform used for their own cryptocurrency, Ether. It also enables smart contract and Decentralized applications (DApps) and it would be built and run without any interference from third parties and not to be controlled by a single governing entity. ERC is referred to as a protocol of the Ethereum blockchain network. Ethereum was initially introduced by Vitalik Buterin and it is a distributed public blockchain network that focuses to running programming code of any DApps, There are different types of the token with smart contract standards which is like ERC20, ERC721, ERC223, ERC1400, ERC721x, ERC777, ERC827, ERC865 and more. Ethereum Tokens are usually used for Initial Coin Offering (ICO) to make a capital venture for business. How Fees Can be Calculated In Ethereum? If you made any transaction on ethereum blockchain you have to pay a fee, this fee can be paid to the miners for Mining the transaction Putting them into block...

What is the Difference Between Uniswap V1 & Uniswap V2?

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Uniswap has become one of the most profitable and  successful projects which is part of the Decentralized Finance DeFi development. It is a decentralized protocol for automated liquidity provision on Ethereum. In easy terms, It stores massive amounts of Ethereum network-based tokens, which allows the protocol to provide favorable services that weren’t already available in the market. It allows traders to swap Ethereum tokens without the requirement of an exchange or order book.  Difference Between Uniswap V1 & Uniswap V2? Uniswap V1 Uniswap V1 was the proof-of-concept for a new form of decentralized marketplace. It established the foundation of on-chain token swaps and decentralized liquidity pools that provided users rewards for adding liquidity and charged low fees to make token swaps. Instead of an order book, token exchange rates are determined using what is termed the “constant product formula”, which will shortly be revisited further down. It actually provi...

Benefits of ERC-20 token generator:

 What is the ERC-20 token generator? ERC-20 token generator is nothing but it's instant token generator platform, it allows you to create your own token instantly without coding. Before we are entering the topic just clarify yourself like "How to create your own Ethereum token?"  Most of the peoples are wanted to create their own token for fun, to learn, or for a business that they’re creating but they don’t know how to start..The challenge with coding in the Ethereum blockchain network is that there aren’t a ton of resources out there for how to do things. Here I will explain in simple steps how to create your own token on the Ethereum platform? Step 1: Decide what you want your token to be - In order to create an ERC20 token, you need the following: The Token’s Name The Token’s Symbol The Token’s Decimal Places The Number of Tokens in Circulation Step 2: Code of the Contract Step 3: Test The Token on The TestNet & Watch The Custom Token Step 4: Verify the Source Cod...

Role of Stablecoin in Decentralized Finance (DeFi)

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 A new type of secure tokens, stablecoins may provide a complete solution to the volatility problem. A stablecoin is a cryptocurrency- again, think of a token that is used as world fiat currency, that uses blockchain technology for transactions, but is also backed by fiat currencies (like dollars, euros or yen) or else by commodities (similar to the gold standard, but using digital tokens). By combining these latter features, stablecoins provide the benefits of both cryptocurrencies and traditional currencies. In simple terms, stablecoins are price-stable cryptocurrencies that have their value pegged to another asset like the US dollar. What are the types of stablecoins? The classification of stablecoins includes three major types: fiat-collateralized coins, crypto-collateralized coins, and non-collateralized coins. Fiat-collateralized Crypto-collateralized Non-collateralized Can stablecoins help your business? With their combo of flexibility and stability, and their advantageous a...

Create Your Own Decentralized Exchange Like FalconSwap

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FalconSwap   In simple terms, FalconSwap can be defined as the 2nd layer of Uniswap. Well, when there is already well developed DeFi based Uniswap concept why the need for FalconSwap raised?   The reason is simple to overcome the drawbacks of Uniswap which are,   •    Transaction speed – low •    Privacy – less •    Transaction fees – Quite high •    User-friendliness – The worst   Process of FalconSwap   FalconSwap working process is explained in simple terms here, have a lookout... FalconSwap works as the second layer of Uniswap and also aids other DeFi platforms too plus its main process is that - It aid to aggregate all the trading orders before it passes to the liquid pool sector where trading takes place. It doesn’t send all order aggregation directly to the liquid pool, it first checks with its integrated matching sector,   •    If the order match - it works done by itself and...