The Cryptocurrency Story
Cryptocurrency started its debut growth in 2009, by kicking in the door with bitcoin. Still Today newbies to cryptocurrency, in error sometimes call all cryptocurrency “BITCOIN”. The truth of the matter is that there are over 20,000 cryptocurrency‘s in existence.
WHAT IS A CRYPTOCURRENCY?
A Crypto Currency is a product of a digital verification on the Blockchain. You will sometimes hear the word “coin” and the word “token” interchanged frequently, but there is a distinct difference between the two.
COIN = any cryptocurrency that OWNS its own Blockchain.
i.e., Bitcoin, Ethereum, Binance, Polygon/Matic…..
TOKEN = any cryptocurrency that is built on top of another COIN’s Blockchain. (Does not own their own blockchain)
i.e., Shibi Inu, Saitama, ABA GOLD, Growthh,……..
Some coins are set up to be traded and sold daily. These coins/tokens are considered as high velocity coins/tokens. Some coins/tokens are designed to hold on to. The longer you hold the coins/tokens the more you earn. This is called HODLing. I know it looks like HOLDing spelled wrong but that is the correct spelling for holding on to your cryptocurrency.
Having your own Cryptocurrency in the next 5 to 10 years will be essential to your business continuing to flourish. Cryptocurrency‘s is currently being used as rewards for your clients, customers, fans, or friends.
Cryptocurrency has turned up in markets around the country like real estate, music industry, medical industry, digital information, automobile industry, climate change industry, nonprofit industry, and many more places that would wow you.
Who needs a Crypto Currency?
Independent businesses, schools, churches, restaurants, hospitals, Dentist office, clothing stores, marketing companies, automobile makers, musicians, concert halls, Recording Artist, visual artist, Metaverse Projects, gaming companies, gamers, and many more businesses.
Is creating a Cryptocurrency expensive?
Owning a Crypto Currency it’s not a hard to set up. The challenge comes with giving it value, and knowing what to do when it is set up. The cost to set up a basic Cryptocurrency token contract varies based on your choice of utility coin.
Depending on the complexity of your cryptocurrency contract the cost will rise.
HOW DO I GET STARTED?
- Give your token a name and a symbol
- Create a Logo for your token
- Create a social media presence
- Establish a purpose for token
- Create Tokenomics
- Create a White paper for your token
- Established a cryptocurrency to build your token on top of.
- SETUP TOKEN ON BLOCKCHAIN
- Create website
- Recruit Brand Ambassadors
- Submit Token to CoinMarketCap
- Conduct Airdrops
- Create a RoadMap
- Establish Partners
- Sell your Token
- Set up a Swap through Pancake Swap or UniSwap
Promote, Promote, Promote
Some of the more popular COINS TO BUILD ON ARE:
Understanding the value of your cryptocurrency is essential. Finding the positive profit centers is key to making your currency work. If the holders of your token don’t WIN, the your token won’t SELL. A Cryptocurrency needs a strong community in order for it to thrive. If you already understand the importance of building a strong social media network, then you will understand how valuable your coin will be when this is in place, and how to attract buyers.
Think of TOKENOMICS as the detailed financial breakdown of your tokens profits. This includes: utility, supply, circulation, liquidity, Founders, Dev Team, Marketing, Promotion, Company/Charity, and any other areas that you want to direct your coins financial intake to.
Supply= How many created: 1,000,000,000 (One Billion Tokens) =100%
Circulation=How many are for sale: 500,000,000 (Five Hundred Million)=50%
Liquidity=How much is directed back for users to trade: 50,000,000 (Fifty Million)=5%
Founders=Token Owner(s): 100,000,000 (One Hundred Million)=10%
Deveopment Team=Your IT Crew: 50,000,000 (Five Hundred Million)=5%
Marketing/Promo=Your Tokens Voice: 50,000,000 (Five Hundred Million)=5%
Company=Your company’s fund: 100,000,000 (One Hundred Million)=10%
Charity= Global Philanthropy: 150,000,000 ( One Hundred and Fifty Million)=15%
1,000,000,000 (One Billion Tokens)= 100%
This is a sample TOKENOMICS structure. You can structure your tokens anyway you want, and any percentage structure that you are comfortable with. But the most important thing to know is making sure your Token Holders win. How to make that possible starts with creativity and looking at what techniques current and past tokens employ. Those answers are all over the Internet on YouTube videos everywhere. Suggestion is to spend as much time learning as you possibly can.
What we Do for you.
Transfer Tokens to your Main Cryptocurrency Wallet (MetaMask preferred)
Consult on Whitepaper
Setup NFT Marketplace (**Use your Tokens to buy your NFT’s)
Consult on Promotions
Place on Coin Market Cap
Cryptocurrencies are volatile, and we all are well aware of it. The news about recent crypto highs and lows pops up every day in our feeds, making for the general impression that crypto is a tricky thing to deal with.
Nevertheless, investing in crypto can still be a lucrative investment opportunity, if you know how its value is formed. The following piece sums up common factors affecting the value of digital currencies and indicators, reflective of their truthful value.
So what is behind the crypto value?
Like any currency, cryptocurrencies gain their value based on the scale of community involvement (like the user demand, scarcity or coin’s utility). Still, having in mind, most of the digital coins on the market are issued by private blockchain-related corporations, some factors of crypto value will stem from the image and efficiency of these companies (like project’s viability and perceived value). Let us make a general overview of what makes cryptocurrencies valuable.
To make a cryptocurrency valuable one needs to make it utile. Any cryptocurrency is primarily a manifestation of using a decentralized digital ledger — blockchain technology. So to make your crypto coin utile, you need to make it usable within a certain blockchain ecosystem.
Let us take Ethereum as a use case. You cannot start using the Ethereum platform without an Ether — a coin, specially tailored to “fuel” the transactions within the Etereum platform. Accordingly, the value of Ethereum depends on the demand for the platform's services.
In the case of ABA GOLD, and the entire ABA GOLD TOKEN COLLECTION, it is created on the Binance smart chain. Which means to purchase ABA GOLD, one must first hold Binance (BNB) coins in their wallets to buy/sell/trade ABA GOLD.
Cryptocoins’ utility can also include dividend payments, mode of exchange within a blockchain ecosystem, voting rights etc.
Scarcity of the Crypto
Scarcity stands for the finite nature of the digital coins. In the perfect scenario, the demand should excel the supply of the coins, to make it more valuable. For example, the finite supply of Bitcoin never goes beyond 21 million coins. As the most popular crypto in the market, it is also considered a HODL coin. Bitcoin thus enjoys great demand and a rise in value. In a bid to fuel the rise in value, some currencies apply a so-called “burning” mechanism, destroying a part of the coin supply.
ABAG was created to create long-term value by establishing itself as a HODL token. We have a percentage of the coin designed for the holders of our tokens.
Perceived Value of the Project
Any cryptocurrency value depends on the overall viability and progress of the project development. Projects that keep developing, achieving one milestone after another, establishing lucrative partnerships or launching user-friendly software becomes more valuable in the eyes of the market. All of these are indicators, largely contributing to the positive sentiment around the project and affecting the value of its cryptocurrency.
Why Market Cap matters more than the individual coin price?
Market capitalization is a straightforward indicator of the coin’s value on the market. The Market cap index is determined by multiplying the total circulating supply by the individual price of the coin.
Market cap = Total Circulating Supply * Price of each coin.
Let us examine a use case. If Coin A has 200,000 coins circulating on the market with each one worth 3$, the market cap of the crypto would be 200, 000*3=$600,000.
In the same way, if Coin B has 100,000 in circulation with each worth $4, the market cap would be 100,000*4= $400,000.
Even though the price of Coin B is individually higher, the total value of Coin A appears much more than Coin B. Thus, the index of the coin market cap is a better way to indicate the true price of a cryptocurrency.
Why use Satoshi pricing in determining the crypto value?
Let’s start from the beginning. Satoshi is the creator(s) of Bitcoin (the pseudonym anyway). As a tribute to him/her/them the crypto community named the smallest unit of Bitcoin after him.
So a Satoshi is equivalent to 0.00000001 BTC and Satoshi pricing is using this unit as a yardstick - the only ‘point of reference’ to trade most of the 1500 cryptocurrencies out there.
The perfect analogy for this is USD. You know how the USD is the point of reference to trade not only fiat but all oil and all other commodities? It’s the same exact thing. In order to acquire most cryptocurrencies out there is through buying Bitcoin first.
To conclude, Bitcoin, Ethereum, DogeCoin, ABA GOLD and cryptocurrencies are considered volatile with high fluctuations all around. But with an increasing number of tech giants and influencing people showing an interest in blockchain and digital ledgers, and with many governments around the world scratching their heads to find ways to regulate it, cryptocurrency is surely a term that is here to stay and, dare we say, is the future of all currencies.