#stablecoin launch

The topic of stablecoins entered the fray in late 2017 and early 2018. Described as the “Holy Grail of Cryptocurrency”, a scalable and stable digital currency would push for adoption in daily use. The stablecoin represents three units of monetary value; unit of account, store of value, and medium of exchange. This differentiates stablecoin from the rest, this can have a real-utility value in a way volatile cryptocurrencies cannot.

The emergence of secure, efficient, trustless stablecoins provides a platform to develop an overall distributed ecosystem of markets, loans, and insurance. Also, payment for various DApps would increase the anticipation and advocacy of stablecoin. 

The most crucial advantages of stablecoins include:

Price stability

Decentralization

User Privacy

Transparency

Programmability

Redeemability

High-end security

Stablecoins – the future of crypto coins?

The focus of cryptocurrencies has always been to create a less volatile more liquid and decentralized digital asset. The Stablecoin can be considered to be the Holy Grail that the crypto advocates were looking at.

The Stablecoin can be expected to facilitate transactions without friction, not only between two parties transacting using cryptocurrencies but also between parties that might need to shuttle between crypto and Fiat.

Additionally, Stablecoins can give the escape hatch for erratic economies like Zimbabwe under Mugabe’s rule. They can choose to move their money to a different economy or an asset without losing out on the value.

Cryptocurrencies haven’t found their fullest reach or recognition yet and Stablecoins can only be expected to make them better understood and more reliable.

Stablecoin development services:

Fiat-backed token/coin development

Precious stones backed token/coin development

Gold-backed token/coin development

Necessary KYC/AML integrations

Effective Whitepaper

Legalization

API integration

Cutting-edge blockchain technology integration

Smart contracts integration

Token sales/ distribution

Payment Gateway integration

Best-in-class marketing strategies

Community building

Stablecoin unique pre and post-launch services

Cryptocurrencies came into existence in 2009, with bitcoin being the first crypto coin. Since then, there is a lot of debate and discussion about the cryptos and the underlying blockchain technology. Most importantly, the criticism came from the ardent backers of the existing traditional finance system. They feel threatened by the growing popularity of cryptocurrency and how it is going to change the present finance structure across the globe. 

Some of the reasons why they don’t want cryptocurrencies into the mainstream finance structure: 

Scalability

Cybersecurity Issues

Price Volatility

Lack of Inherent Value

Regulations

Out of the points mentioned above, the naysayers are focusing mainly on the volatility. As any real-world assets back it, they call the cryptocurrency ecosystem is a bubble. To minimize the volatility of the price, the crypto world came with stablecoins. 

The stablecoins are crypto-asset designed to minimize the volatility of the price by backing the crypto with real-world assets. There are different types of stable coins: Fiat-backed Stablecoin, Commodity backed stablecoin, Cryptocurrency-backed stablecoin, Seigniorage-style stable coin.  A stable coin provides the benefit of a transaction as it has a fixed value relative to the underlying asset. 

Many have a question of why we need so many stable coins. That’s a valid question. We have around 200+ stable coins right now. Too many options lead to confusion instead of assisting us in choosing the right one. 

Emerged in early 2018, stablecoin is one of the most popular and is becoming the preferable choice of currency among budding entrepreneurs for their digital business. For starters, stablecoin is a cryptocurrency that is backed by tangible, physical assets. Stable coins can be backed by precious metals/stones, fiat money and gold. 

The root cause of stablecoins gaining tremendous popularity among potential investors and is preferred more over other cryptocurrencies is that they help cope up with price volatility. As they are asset backed stablecoins, they’re less prone to constant price fluctuations when compared to other cryptocurrencies. Now, with the booming trend and popularity, if you want to create your own stablecoin, this is the right time. But it is essential for you to know the top features to understand the working of stablecoins before going into the development. Let’s find out what they are. 

Key features of a stablecoin: 

High-Volume Liquidity

Transparent Transactions

Advanced Blockchain technology

100% “stable” asset backed currencies

Widespread integration

Increased access to financial inclusions

Efficient mining process

Energy efficiency- High-speed transactions

Exposure to primary assets

High-end security

Stablecoins are the new hot cryptocurrencies making rounds in the market. They are backed by real-world assets. Stablecoins can be precious metals backed cryptocurrencies, fiat backed cryptocurrencies or gold backed cryptocurrencies. Because of this, they become stable and less volatile to constant price fluctuations unlike other existing  cryptocurrencies. Stablecoins are also backed by blockchain technology that ensures high-volume liquidity, high-end security and user transparency. Stablecoins also come along with several other benefits that include, 

Decentralization

User privacy

Faster, cheaper, borderless transactions

Reduced costs

High programmability and scalability

Price stability

Thus, due to these many advantages that come along with stablecoins, the demand and popularity is widely booming among potential investors all around the world. If you are looking to create your own stablecoin, you can’t stop with developing, but also carry out distinct, sound launch services that will grab the attention of investors towards your project and make your coin “stable” and sustainable in the long run over existing competitors. For that, let’s see some key launch services that will help you. 

Tricks for a unique stablecoin launch: 

Drafting a engaging/ informative whitepaper/ investor prospectus that explains about the purpose and benefits behind your stablecoin

Easy navigable/ efficiently designed website that drives customer’s attention to get to know about the stablecoin. 

Listing the stablecoins in recognised platforms

Landing page with clear vision communication and dashboard with three stages, pre-post and burn coins

Coindrop to wallets with bonuses

Referrals and promo codes

Roadmap strategy

Blockchain and smart contracts deployment

Price volatility hedging and due diligence 

Tech support, bug support 24/7 customer support