How can the Bitcoin Trading Platform benefit young enterprises to flourish?
Blog: NASSCOM Official Blog
Bitcoins is becoming the face of cryptocurrency. Since its inception, it’s value has risen to a greater value that has made investors crazy and impressed. But apart from the traders and the bitcoin exchange platforms, there are many third parties who benefit to a larger extent. Yes, they do not involve in any of the processes of trading but they do benefit from the bitcoin in an effective way. One such kind of third party community is the young enterprises. Young enterprises are wisely involved in the bitcoin trading platforms and earn enormous profits with fewer efforts In this blog, we are going to see how the young enterprises are flourishing with the assistance of some best Bitcoin trading platforms.
We have segregated the aspects into two types – Technical and Non-Technical:
- Mining platforms: Actually, it is a known thing that the cryptocurrency platforms provide free crypto coins and provide mined coins to those who trade in the recently hot coin or focussed coins. For example, WRX provides free coins for those who mine more than 10,000 dollars or trade-in particular cryptocurrency. In that aspect, these young enterprises, by converting their payment system to crypto coins can request their customers and users to pay them in particular cryptocurrency based on market needs. Or as a variety of customers are paying them in coins, there is a maximum probability that people would be paying in those currencies which are valued low or free coins that are mined. So, this is a win-win situation for both the trading platforms and young enterprises.
- ICO and IEO trading – This is one of the best methods to get benefits from the trading platform. A young enterprise can initiate its own cryptocurrency by means of the Initial coin offering method. At present, the ICO had been overtaken by the IEO initial exchange offering. This is a completely unique method. This is the method of exchanging certain coins to improve the stand of other coins with a low market value. For example, if the EOS value is lesser and has a low market value, the exchange platform will boost the value by providing an IEO. Similarly, the exchange platform will help the young enterprise and boost its coin value. They acquire certain coins as their commission.
- Crowdfunding platform: This is one of the usual methods where the exchange platforms help the younger enterprises in gathering certain capital. Crowdfunding in cryptocurrencies works in the form of initiating a token exchange. A token would be initiated and the traders are requested to buy tokens for cryptocurrencies for creating a capital in the exchange platform. After acquiring the required capital, the enterprise would provide the share of the cryptocurrencies for their token value after earning some profits in their business. If the required capital is not acquired, then the trading in tokens would be dropped off and the coins would be returned to the buyers of the tokens.
- Asset Tokenization – Asset Tokenization is one such method of converting an asset into tokens and selling it on the digital platform. It requires the reference of a smart contract before selling the asset. A best bitcoin exchange development company can help the younger enterprise to acquire tokens of their assets by selling the assets in the digital platform. This is a legal process and it is regulated by the governments that support cryptocurrencies. Asset tokenization can help the younger enterprise for temporary financial assistance so that they get neither bankrupt nor asset loss.
- Trading in Cryptocurrency – Trading in cryptocurrency is one of the obvious reasons how the bitcoin trading platform benefits the younger enterprise. If an individual can earn a maximum profit from the trading platform, then why cannot a younger enterprise cannot earn more. This is how it works. An enterprise can earn profits through his business and acquires funds. Here, the enterprise acquires funds for their service in means of bitcoin. As the bitcoin rates go up day by day, this enterprise can earn not only for their service but also for trading in the platform. This is a passive income for the enterprise and hence can be called a smart earning mechanism.
- Smart Contracts – Days are gone carrying a sheet of paper as a contract for the business. Recently, everything is digitized and the contracts are not an exception. There are many flaws in protecting and securing the traditional contracts and the arrival of blockchain and bitcoin have provided an answer through the evolution of blockchain. The bitcoin trading development company helps the younger enterprise in creating a smart contract for their business conduction. This smart contract is secured through blockchain technology and can be accessed only by the user and the management authorities. The user can access the private key and management through the public key.
- Time saver – Traditional payments may take time to reach the current account of the respective enterprise. Sometimes, it may get locked due to some spelling errors or incorrect account numbers or so. Also, it takes three to five business days to reach the bank account. If it is an international wire transfer, the condition is worse. Despite the arrival of middleman transferring agencies, the money has dwindled a bit via exchange fees. So, the bitcoin trading platforms help the younger enterprises to exchange their currencies and get paid instantly without any hassles. There is no need to wait for your money into the account as the transfer would be initiated instantly and completed within minutes.
- Receiving payments as BTC – If you receive money for your services, it is held as a permanent value. But receiving funds through Bitcoins, would generate more profit for your business and improve the payment mechanism. Apart from that, the payments would be made in no time thereby saving time on both ends. As we all know, the BTC prices are shooting up, and receiving funds as BTC is definitely a viable opportunity for the younger enterprises.
- No regulation – This is one such interruption when it comes to younger enterprises. They will face tax laws and transaction restrictions if they are dealing with large chunks of money. But in terms of bitcoin, there is no regulation and hence the bitcoin trading development companies can assist them in transferring the amount in a safe way without involving in any tax restrictions. This is not to be considered as an illegal practice but it should definitely be envisioned as the prior business opportunity that is approved by many governments. For instance, you can create capital through asset tokenization or crowdfunding and convert them into your currency and use them as your capital for your business without interruption.
To conclude, the bitcoin trading platforms are beneficial to many platforms in the conduction of their business smoothly without any sort of legal hassles. Younger enterprises benefit from them on technical aspects like Smart contracts, the crowdfunding platform, Asset tokenization, ICO and IEO trading, etc. and non-technical aspects too. So, the above-mentioned methods clearly notify the benefits of younger enterprises via bitcoin trading platforms. Zab Technologies is one such platform that is best suitable for the enrichment and development of many younger enterprises in an effective way.