Top Cryptocurrency Business Revenue Models You Should Consider for 2021
We are living in the digitalized world and there are new cutting-edge technologies & business terms that are daily evolving across the globe, Cryptocurrency got a special place in it because it is a more beneficial trait! Cryptocurrency usage has recorded its daily volume growth by over 70 percentage!, this may bring more confidence for businesses and start-ups start believing to invest in cryptocurrency, many of the crypto & blockchain projects are proving to gain real values during this COVID-19 pandemic situation this was the main reason for increasing the usage of cryptocurrencies instead of banknotes. Some economic analysts, traders, and crypto market professionals predict that the biggest change in crypto space is forthcoming as economic money enters the market in 2021. Almost this pandemic year is coming to an end. The new year 2021 will be a year loaded with more confidence to start your own Cryptocurrency business & make you a billionaire, here we have to discuss the topmost trending Cryptocurrency Business Ideas & Revenue Models You Should Consider for 2021.
Cryptocurrency revenue models is an online crypto business term which means that how Cryptocurrency business makes a profit, Cryptocurrency business will never fade away until the cryptocurrencies exist. Currently, there are nearly 18,988 + markets through which we can trade cryptocurrencies, Starting a cryptocurrency business will always be the best choice for you if you have a clear idea of your business plans and metrics.
Table of the content:
- What is Cryptocurrency?
- Interesting facts about Cryptocurrency
- What Are The Best Cryptocurrencies to Invest in 2021
- What are the primary key factors to create a cryptocurrency?
- Cryptocurrency Exchange/ Trading Business Revenue Model
- Centralized Exchange Model
- Decentralized Exchange Model
- Decentralized Finance (DeFi) Business Revenue Model
- Ethereum Token Business Revenue Model 2021
- ICO(Initial Coin Offering) Business Revenue Model
- STO(Security Token Offering) Business Revenue Model
- DeFi token business revenue model
- Crowdfunding business revenue models
- Smart Contract based Business Revenue Model 2021
What is Cryptocurrency?
A cryptocurrency is a form of virtual currency and it is used for a digital payment system designed to work as a medium of exchange, Cryptocurrency does not depend on the centralized authorities to verify the transactions like a traditional bank. It was backed by a decentralized ecosystem which was commonly called blockchain and it was managed by the advanced technique called cryptography which means there is a high end and advanced coding is involved in transmitting and storing data between public ledgers and to digital wallets. Bitcoin was the world's first decentralized and open-source cryptocurrency it uses P2P technology for instant transactions and it was gained huge global popularity! After the success of Bitcoin different types of crypto coins are still arrived in the crypto market and it has been elected as the most preferred payment method for various business requirements like transaction, investment, tokenization, and more.
Some Interesting facts about Cryptocurrency:
The cryptocurrency was bloomed in the early ’20s and now started to show its users on various platforms. The Expectation of the global market and traders is cryptocurrency will become easy and mandatory for all sorts of transactions. At the time of cryptocurrency was invented there are very few people are invested, recently almost most of the peoples have heard about it and most of the peoples are start investing and get profit on their regular basis. The cryptocurrency was a peer to peer network because of the involvement of Blockchain, if a person planned to buy or sell anything, the transactions are validated and stored in the blocks. Every Digital asset is stored in a wallet for safety precautions that type of wallet was called a crypto wallet, there are various crypto wallets are developed and available for usages. The multi-crypto wallet becomes a dominant one in the current situation because of the wide usage of crypto coins and tokens!
What Are The Best Cryptocurrencies to Invest in 2021
Bitcoin's price was less than one cent in the year of 2009. Bitcoin is the top of the list of cryptocurrencies to invest in 2021, and it was often referred to be a “king of cryptocurrencies”. Bitcoin experts have predicted that the value of bitcoin would maximum out at $318,438 by October 2021. Bitcoin will take the crypto market to a whole different height together and it stay in the number one position.
Ethereum was found in 2015 by a Russian-Canadian developer. It is the second most popular cryptocurrency next to Bitcoin, experts predict that ETH place at a value of $342.483 by the end of 2021, and it will hold 25% of the entire cryptocurrency industry.
It was invented in 2011 and it is an open-source global payment network without any central authorities. Litecoin futures are looking bright and its value will rise upwards and give tough competition to other cryptos. It may reach $600 by 2021
Ripple was initially released in the XRP in 2012, later it was changed to Ripple in 2015, Ripple is currently trading for around $0.17, with a market capitalization of $6,277,714,462 and a circulating supply of 43,818,008,717 XRP, In 2021 Ripple is expected to recover and the price to go up to between $0.20 and $0.60.
TRON was initially launched on the Ethereum blockchain network, before switching to its own independent platform. Tron was one of the most popular and latest cryptocurrencies in the crypto market today! and it was commonly known as Tronix (TRX), Crypto Predictors believes the price of TRON will reach a peak of $0.07303966
What are the primary key factors to create Cryptocurrency?
Before creating a cryptocurrency, First, you have to know what exactly you want to accomplish and getting a team of best Crypto and blockchain developers, then learn the legalization and regulations, before investing your funds to create a crypto coin you should assure that you have right funds.
If you have an idea to create your own cryptocurrency for your business needs or looking for a leading cryptocurrency development company to develop your own crypto coin? Then you are in the right place!
There was a huge demand for creating a cryptocurrency because of its needs, There is numerous company provides the best Cryptocurrency Development services but only a few succeeded and got a Branding name around the globe!, Developcoins take pride in a leading cryptocurrency development company, our team of crypto and blockchain developers has well experienced in the crypto ecosystem that helps us to create a custom crypto coin by using immutable blockchain technology.
We are expertise in Cryptocurrency Algorithms:
We Create your own crypto coin like bitcoin on the following algorithms such as
- X11, X13, X15
- STELLAR CONSENSUS PROTOCOL (SCP) and more
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 will handle all your public and private key and all your crypto transaction will save in a central cloud server.
Top 10 Centralized Exchange Platforms
Decentralized Exchange Model
Decentralized Exchange can use blockchain technology, the transactions occur between P2P (Peer-to-Peer) user using their wallet keys like private and public keys, all your details can be stored in a blockchain network, not in a server like a centralized exchange.
Developcoins build your customized cryptocurrency exchange platform to facilitate secure and fast transactions based on your business requirements, our exchange platforms cover customer documents management, document verification acknowledgment, and more.
Top 10 Decentralized Exchange Platforms
- Kyber Network
- Cybex DEX
Decentralized Finance (DeFi) business Revenue Models:
Decentralized Finance is the most trending topic in the blockchain community and strewing sectors in the cryptocurrency industry. DeFi projects will expect to increase by more than 50% in 2021 compared with 2020. According to the tax implication every country has different tax implications for its lending system, By using DeFi in the lending system it would reduce the interest and transaction fee rates and it improves international money transfers. In DeFi it connects both lenders and borrowers more easily and it helps the students to take loans in a decentralized method.
DeFi Based Decentralized Exchange (DEX) Platform Business Revenue Model:
Decentralized-based business models are successfully reached their market cap and engaged a large number of users around worldwide especially for decentralized-based exchanges like IDEX, Uniswap, etc. it solves problems when compared to a centralized exchange. DeFi based Decentralized Exchange Platforms with a liquidity pool provides flawless tradings to the users. The trading volume of decentralized exchanges is reached $42.6 billion, according to the coin market cap Uniswap - A DeFi Dex Protocol is the main traded platform and it’s currently listed as 845 tokens.
Top 10 DeFi Exchange Platforms
- Curve Finance
DeFi token business revenue model
DeFi tokens hold the ability to raise up the growth of many Dapps and their value becomes higher than that of bitcoins and it is the best performing sector in the crypto markets, there are a lot of new projects are seeking to offer value in DeFi tokens in 2021.
Top DeFi Tokens:-
- Aave – AAVE Token
- yEarn - YFI Token
- Uniswap – UNI Token
- Compound - COMP Token
- UMA - UMA Token
These type of DeFi tokens helps the Decentralized Finance system to grow massive growth with upcoming DeFi blockchain projects in 2021.
We have strong in-depth knowledge in a decentralized ecosystem that enables us to provide Decentralized Finance Development Services for all type of financial process, Developcoins develop and deploy decentralized applications (Dapps) and also build your DeFi based DEX platform like uniswap, our team of blockchain developers helps to offer you the best DeFi services to launch your own DeFi tokens like COMP, AAVE
We also offer an wide range of DeFi Development Services such as
- DeFi Dapp Development
- DeFi Token Development
- DeFi Yield Farming Development
- DeFi Stacking Development
- DeFi Smart Contract Development
- DeFi Lending/Borrowing Platform Development
- DeFi Protocol Development like yearn.finance
- DeFi Protocol Development like Falconswap and more
Cryptocurrency Crowd-funding Business Revenue Models:
Crowd-funding is one of the most successful funding concepts and it creates the opportunity for entrepreneurs to raise funds from donors. Crowd funding-based business model getting more attention and it impresses a large group of peoples. Crowdfunding campaigns is the latest trend in the market and it is used as an avenue for crowdsourcing. According to the CAGR (Compound Annual Growth Rate) says that the global crowdfunding market will reach 17% at the end of 2021.
Type of Crowdfunding:
- Donation-based Crowdfunding
- Reward-based Crowdfunding
- Lending Based Crowdfunding
- Equity Crowdfunding
Want to create your own Crowdfunding platforms like GoFundMe and Kickstarter?
Undoubtedly, Developcoins is one of the well-known Crowdfunding development company that offers the best Crowdfunding script that enables you to launch your own crowdfunding website which can be similar to Kickstarter and GoFundme with advanced features.
ICO (Initial Coin Offering) Business Revenue Model
Initial Coin Offering was commonly known as ICO it is one of the fund-raising mechanisms especially for a start-up business or new project developers. It is also used to raise funds for developing a crypto token by releasing ICO tokens to the public, Crypto experts say that there are numerous ICO Projects that are upcoming in 2021, this will increase 25 percent of the overall amount was raised by upcoming projects.
As a leading ICO Development Company, we provide complete supports for your ICO projects. If you are a start-up get struggle to proceed with an ICO? Our team of ICO experts will give proper guidance and proceed on how to start your ICO projects with perfect marketing solutions.
STO (Security Token Offering) Business Revenue Model
Security Token Offering is an Issuance of the digital token using blockchain or distributed ledger technology, Security tokens are security given to the investors to raise capital and it combines the features of ICO and IPO to provide a perfect balance by getting capital at low cost, In 2021 Security token will be one of the most used tokens for blockchain technology and it will have a high potential to become an easy funding mode for start-ups!
Are you a Start-up looking for STO Development Company to launch your own Security Token in an easy and secure way?
Developcoins provide complete STO Development Services to launch your own security token instantly with a unique model! we specialize in offering fast, secure and reliable solutions to launch your STO successfully and raise your crowdfunding.
Ethereum Token Business Revenue Model:
Ethereum plays a major role in the crypto industry, Ethereum is one of the decentralized platforms and it will be run on the top of the blockchain platform. There is a large number of Ethereum tokens are planned to launch in 2021, Ethereum 2.0 is the next upgraded version to the ethereum blockchain, Ethereum 2.0 will be released in multiple phases, In phase 0 Beacon chain will be implemented and it will store and manages the registry of validators and also it will implement the POS - Proof of Stake consensus mechanism. Ethereum POW - Proof of Work will continue to run along with the new Ethereum POS Chain and it ensures no break in data continuity. Phase 1 and Phase 2 will be expected to launch in 2021.
Ethereum 2.0 makes the network faster and more efficient and also set a new standard for the blockchain space. Proof of stake will be used instead of proof work because of better scalability You can be easily staked ETH and earn passive income and rewards.
If you want to create your token on major blockchain platforms like Ethereum, Tron, Tezos, Minter, etc then Developcoins holds a special place in Token development and it is one of the leading Ethereum Token Development Company in the global market with the aid of expertise blockchain and token developers.
The team of dedicated developers is building Ethereum token on various standards like ERC20, ERC 721, ERC 827, ERC 777, ERC1400, ERC721 based on the requirements.
Smart Contract based Business Revenue Model
Smart Contract is an agreement and it is was powered by blockchain technology for immutability and security purposes and it was signed between two parties without the involvement of third parties. Smart Contracts are already in full swing to remodel the business in many industries such as supply chain, education, finance, and health care. By 2021 smart contracts usage can be increased by more than 25% of global corporations
Developcoins provides comprehensive smart contract development, security audit service and also helps to build your MLM platform with a smart contract, Our dedicated developers build your smart contract on popular blockchain platforms which includes Ethereum, Tron, EOS, Chaincode and more.
We hope that this blog will show you the cryptocurrency-based revenue models in 2021 and also have to know about our services in all business models, you can choose the right one from the list that suits your business and start enjoying the high revenue with low capital investment!
The cryptocurrency was bloomed in the early ’20s and now started to show it's usages on various platforms. nowadays peoples are using crypto coins for their trades and exchanges it made trust and become a part of everyone’s life like fiat currency At the end of the session, Some economic analysts, traders, and crypto market professionals predict that the biggest change in the crypto space is forthcoming as economy money enters into the market in 2021.
Kick-Start Your Crypto Business with industry experts & grab its effective benefits!