Crypto ecosystem is slowly expanding and businesses are transforming their structures onto blockchain. Tokens are taking over the new definition of currency whether it is for payments, governance votes or holding security. Digital transformation is leading firms to decentralization and tokenization economy. If you want to launch a crypto token then this blog will help you to select a crypto token development company.
Why are crypto tokens so popular?
Crypto tokens gained popularity because of multiple utilities. They are used for crowd-funding among other governance or security applications too. Initial Coin Process (ICO) is a process through which tokens are created, distributed and sold to fund business.
These can be used for investment purposes, to store value or to make purchases too. This is the reason why crypto tokens are becoming popular nowadays.
Businesses are adapting their payment structures to accept crypto currencies too for trades. You can buy merchandise, book hotel/flights and even buy real estate with tokens these days.
Let us take a look at the advantages of crypto assets
- Low fee – Since payments are direct without involvement of middlemen the unnecessary charges are reduced therby lowering the payment costs.
- Speed- Again no involvement with third parties and verification through network of computers reduce the time taken for singe transaction.
- Anonymity – Crypto transactions are not related to personal information and you can maintain your privacy while doing business.
- Security – Blockchains are highly secure and they are free from manipulation or forgery of data.
How to select a crypto token development company
Token development starts from idea and clear goals. Customers express their ideas and the company finishes it through knowledge and experience. Some of the criterions for choosing a crypto token development company are –
- Client Testimonials
- Experience and ICO launch history
- Management Team
A crypto token development company will guide you in this new world and help you start easily. They have experience and required expertise to provide comprehensive solutions to your business needs. Experience matters when it comes to providing crypto solutions. PlatinX Technology is a crypto token development company that guides you from ideation to development to promotion phase too.
PlatinX Technology follows a detail process to help you in your goals –
Decide between a Token or a Coin – Sometimes clients don’t know whether they want a coin or a token. Both are different and you have to choose before moving further. Creating a coin means developing a blockchain too and the process, costing and time would be different for that solution.
Blockchain – If you have decided to launch a token then the next choice would be to decide a consensus mechanism and a blockchain platform.
Token Development Phase – At PlatinX Technology, we pride ourselves in our personalized approach. We build relationships and not only provide services. We guide clients throughout the entire crypto development process.
Launch & Promotion – PlatinX Technology is not only a crypto development company. We also have a successful team for promotion and marketing activities. We help newly launched tokens gain investors’ attention through promotions.