There are tons of million of crypto-based small businesses running around the world, and 6,43,000 more are started every month. So if you’ve got a cryptocurrency or blockchain business idea and you want to stand out from the crowd and succeed, you better have a unique value proposition, diverse revenue streams, and loads of creativity. To inspire you, we’ve rounded up 10 unique business models that have proven their model works. From healthcare to fintech, these companies are rethinking revenue and creating compelling value for parties on both sides of the transaction.
The crypto business model is at the core of any successful startup because no matter how cool an idea is or how unique something may seem, a startup must have a new way of making money that is worthy enough for future investment and to sustain itself. Many new startup owners throw around the term “Cryptocurrency Revenue Business Model” when discussing and planning strategies for their venture.
Questions like “What crypto business model works best with my idea?” or “How do I know if my startup is using the right crypto business model?” are a few questions owners need to consider which will basically impact the overall success of their venture in the long run.
There are many crypto-based business models available to generate revenue that has already been proven, and as a founder, it is your job to figure out which one works best with your business. If you don’t know where to start, here are 10 cryptocurrency business models to consider for your startup that has proven to be successful for many startup and business ventures across the world.
Cryptocurrency is a decentralized digital coin that uses encryption to make money and to verify transactions. In simpler terms, it’s an alternative to traditional currencies like USD, EUR, DZD, and more, which are backed by a centralized government like the US Dollar (USD).
There are many specific cryptocurrencies currently becoming popular and broadly-used as currencies, commodities, and electronic payment systems. The most generally-used cryptocurrency is, by far, Bitcoin, Ripple, Ethereum, Litecoin, and more. These Crypto coins are growing in both public recognition and value.
What are the primary advantages of using cryptocurrency:
- Secure Transactions
- Digital Asset Transfers without a middleman
- More Confidential Transactions
- Low Transaction Fees
- Greater Access to Credit
- Easier International Trade
- Individual Ownership
- Strong Security
Top 10 Great Crypto Business Models to Consider for a Startup!
- Cryptocurrency & Altcoin Development
- Token Development & Exchange ( Ethereum)
- Cryptocurrency Exchange /Trading Startups
- Bitcoin Wallet Service Startups
- Bitcoin Forking Startups
- Cryptocurrency MLM Service for Startups
- Decentralized Exchange with Atomic Swaps
- ICO – Initial Coin Offering
- STO – Security Token Offerings
- Private Blockchain Implementation For Business
Cryptocurrency & Altcoin Development:
Over recent years, cryptocurrency has been rapidly gained its market and make it easier for users to do a secure and fast transaction. So most of the startup to the large enterprise is interested in crypto coin development. A crypto coin designed to work as a medium using cryptography to secure transactions. Crypto coins are generally used in the same way as real-life coins. Developcoins offers newly and customized crypto coin development services from complete development to successful launch.
Cryptocurrency/ Bitcoin Forking:
Bitcoin Forking is the easiest way to create a new cryptocurrency. To create a new cryptocurrency like bitcoin one has to have certain skills and abilities in programming. Changing a couple of lines precisely in the bitcoin source code can give birth to a new crypto coin like bitcoin.
Cryptocurrency / Bitcoin Trading & Exchange Model:
If you want to run the crypto exchange business, every transaction can bring you profit. When you enter into the exchange business, the money will efficiently come. The primary thing is to start and to gain trust from the traders. Once your crypto exchange website gets huge traders, then your profit gets higher. Crypto exchange (Centralized & Decentralized), Crypto trading & bot was one of the most popularized & revenue models in 2020.
Cryptocurrency MLM Business Model:
In the current era, crypto-based MLM business gaining more popularity and bring more revenue for startups to large businesses that are all interested to start their MLM business with cryptocurrency.
Blockchain Development Solutions
Blockchain is one of the promising technology and many startups to businesses are currently move their business into distributed blockchain technology. Developcoins cover all the solutions that are related to the blockchain with high accuracy and uniqueness. We deliver all blockchain-related development services on time at affordable prices. Their Blockchain services involve the following :
1. Private / Public Blockchain Development.
2. ICO / STO Development
3. Dapp Development
ABOUT THE AUTHOR: I am Moshbhavika, Working as a Digital Marketing Analyst in a cryptocurrency & blockchain development company having more than 4 years of experience.