Nowadays, startups are bringing progress to almost every sphere of the world. The new direction that these beginner companies are going to – is blockchain technology.
Most startups are taking blockchain as a core to work on cause it has its unique features that give a boost to an organization. Decentralization, security, fast settlement, peer-to-peer system, cryptocurrencies, and many other things are making blockchains attractive for startups.
In this article, we are going to talk about the most common blockchain-related startups that are changing reality.
Crypto Trading Platforms
Crypto trading platforms are like exchanges but built for professional investors and traders with more functionality. These platforms generally permit crypto-to-crypto or crypto-to-fiat swaps. However, a new trend among entrepreneurs to copy all the functionality from traditional (stock, commodity) trading platforms and implement them on crypto-related platforms makes cryptocurrency trading platforms even more powerful and comfortable.
One of the most common trading cryptocurrency platforms is Coinbase. It is located in California, USA. Coinbase lets exchanges with many digital currencies, including Bitcoin, Ethereum, Tezos, Litecoin, and so on. Meanwhile, another famous exchange Cex.io has recently launched the beta version of its complex platform where margin calls and even CFDs are available.
More on exchanges you can find on the CoinMarketCap website. Catch a tip – as we see the volumes of exchanges on CoinMarketCapwe and we know the average fee crypto exchanges get, we can approximately calculate the average revenue of exchanges. Numbers are at least exciting.
Another sphere that the blockchain industry came in is e-commerce. The technology made it possible to record all the transactions in a secure and transparent method. And this modified modern shopping model.
QuuBe is a decentralized shopping platform that has been developed by Qoo10. There is a native currency Q*coin that lets consumers shop on this blockchain-based marketplace.
The e-commerce platform doesn’t expect income from transactions but tries to provide a comfortable marketplace where the merchants will pay for advertisements.
The interesting fact about such platforms is that no one, even platform owners, won’t be able to remove a merchant from the market, no one can disturb the sales of an already published product, no one can change the customer reviews, and even history of prices for a particular product can be tracked, so the fake discounts trick walks out.
Cryptocurrencies and blockchain have opened new perspectives also to the betting industry. The technology reduced fees and gave transparency to this sphere.
Platforms like Degens provide the ability to bet peer to peer against other users, acting more as a “betting exchange”. Such platforms are becoming more and more popular as people don’t want to play against the house where professionals work but prefer to bet against fellows like them.
This kind of platform makes money by charging fees for winning bets.
Once the Internet made it possible to play casino games online. More and more platforms are rising in the field of gambling. Today many of these platforms are working on blockchain. The first thing that blockchain works with is money, more precisely, cryptocurrencies and their transactions. This transparent technology gives casinos a chance to guarantee honest payments to their users. One more thing is that the hashing function of the blockchain lets generate a random number for every bet and makes the whole process more protected.
Crypto Lending Platforms
Lending is another aspect of life that has been modified by crypto assets. You can now use your cryptocurrency to take fiat in cases when you don’t want to lose your coins.
The lending platform Lendroid was founded in 2017. It aims to solve issues with a lack of transparency, high loan maintenance, etc. Here is why it uses blockchain technology as a base. In February 2018, this startup held a successful TGE back, which capped at 50000 ETH.
One of the promising and youngest blockchain lending startups is YouHodler. It allows users to lend crypto as collateral with a high loan-to-value ratio of up to 90% for up to $30000 in fiat. The platform accepts all major cryptocurrencies as collateral, all major cards, and all major payment systems. YouHodler offers transparency and absolutely no hidden fees.
Lending platforms are also popular among entrepreneurs as this is perceived as the first step to the development of blockchain banks.
Portfolio Tracking Apps
A cryptocurrency portfolio represents a collection of investments a trader owns across different types of crypto assets. A portfolio tracker can make a huge difference even for investors holding crypto long-term, not to mention those trading regularly.
BlockFolio is used by over 5 million people who want to manage their crypto portfolios. There are zero ads and no hidden costs on the platform. The project offers a variety of services, starting from an additional PIN to a customizable explore section.
Crypto Collectibles (ERC 721 Games)
The benefits of cryptocurrencies are used in collectible games too. For example, CyptoPunks are collectible 8-bit characters that are stored on Ethereum. The user needs to download and transfer ETH to his MetaMask wallet; then he will be able to buy, sell, and collect CryptoPunks.
The first and most popular blockchain-based game is CryptoKitties. Each kitty is issued as a non-fungible token. The game uses smart contracts and runs on Ethereum. The game was released in October 2017 and gained enormous popularity in just a few months. In December 2017, there were already 6000 players in this game.
Decentralized Social Networks
Of course, we all know such popular platforms as Facebook or Twitter. But what we also know about them is that they are centralized, and there’s a periodical leak of information on them. There are also many other social platforms that are becoming more safe and stable alternatives for these giants.
The most similar to Twitter is Mastodon. It operates on an open-source server, and its posts have a 500-character limit.
Another social media platform is All.me. It is like a decentralized version of the popular media Instagram. All.me was created in 2017 in Armenia and presently has more than 500000 users. As this platform uses blockchain, it was able to integrate a wallet and a currency into the social media platform. All.me users can pay for advertising or other features and goods directly on the media using ME tokens.
It’s evident that blockchain technology gives significant opportunities to various organizations, and that is why lots of them started choosing it as a base to work on. That was just a small part of spheres that have successfully integrated blockchain into their everyday life. Technology is gaining popularity day by day, and it is justified.