Student Coin has designed an ecosystem that makes it easy for individuals, startups, and organizations to build and deploy tokens.
Blockchain technology has disrupted many aspects of our daily lives. Before, it was difficult to envision sending money without banks; this has changed as we can quickly scan a barcode containing a wallet address and send funds within minutes thanks to blockchain technology.
Bitcoin led the way before the launch of Ethereum offered a smart contract network for developers to create novel financial products. In subsequent years, more blockchain platforms have been developed to solve problems in different industries.
Crowdfunding: Growing Concept
Crowdfunding is a concept that became popular in the past decade due to its efficiency and ease in generating money for different purposes. Many startups and individuals turn to Crowdfund platforms to generate funds that would not be readily available from traditional financial institutions.
To date, over $40 billion have been generated from crowdfunding initiatives globally. This shows the efficacy of using crowdfunding campaigns to generate funding.
Problems of the Crowdfunding Sector
Despite the amount of money generated from Crowdfunding initiatives, the sector is not without its problems. Most crowdfunding platforms demand high fees for projects listed on their platforms.
Some charge a flat fee, while others take a significant percentage of the total money generated from contributors. This causes a major constraint for startups and individuals looking for a particular sum to boost their products or initiatives.
Crowdfunding platforms tend to have different rules about listing, and some don’t accept specific campaigns. This means that many are blacklisted and not given the opportunities to seek financial help for their products and services.
Also, the problem of marketing is a significant problem with traditional crowdfunding platforms. It is estimated that about 30% of crowdfunding campaigns do not get funded. This means that individuals and startups have to employ marketing strategies and pay for advertisements to gain visibility.
There is also no accountability with the funding, and in some cases, the crowdfunding campaign turns out to be a scam leaving investors empty-handed. Student Coin, a revolutionary blockchain project, is seeking to change all this using tokenization.
Student Coin: a Solution to Existing Crowdfunding Problems
Student Coin has designed an ecosystem that makes it easy for individuals, startups, and organizations to build and deploy tokens. Since it is built on blockchain, anyone can develop their tokens without limiting factors common to traditional crowdfunding platforms.
Creating a token is easy without any complex steps via the token launchpad called the STC terminal. Tokens created are also listed on a crypto exchange called STC Exchange that offers publicity for tokens.
Once a token is created and listed on the STC Exchange, everyone who accesses the exchange can view the token and its details. The exchange also allows quick Crowdfunding as investors can purchase tokens offering individuals and startups the funds they need directly.
The only requirement needed to build a token is to hold the STC token, which serves as the STC terminal gas. All tokens created are also referenced to the STC token, just like Ethereum tokens are referenced to Ether.
Student Coin is built on blockchain technology and offers a faster and transparent crowdfunding process for individuals and startups. Transactions are also secured, and investors skip the tedious process of traditional crowdfunding platforms.
Invest in Student Coin ICO
Student Coin is currently in the ICO phase of its roadmap. The project has already raised $40 million in 70 days since the ICO launched in February. It is no surprise given that Student Coin has a presence in over 300 educational institutions globally. Its native token STC has generated hype given its multi-functionality use cases within the Student Coin ecosystem.
Student Coin launched its mobile app on Android and IOS devices. The app quickly achieved 30,000 downloads within seven days of launch, and this further shows the current hype surrounding the Student Coin project.
You can bag some STC tokens from the ICO launchpad and on exchanges, including Uniswap, Cointiger, and Waves.exchange.
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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
Mike Novogratz’s Galaxy Digital Announces Acquisition of Crypto Custodian BitGo
4 days ago
May 5, 2021
In a major development, crypto investment management and financial services provider Galaxy Digital Holdings announced the acquisition of popular and leading crypto custodian BitGo. This acquisition adds a feather to the cap of Galaxy Digital that seeks to offer a full-service platform for institutional players. Earlier we’ve already reported that there were such rumors. And […]
In a major development, crypto investment management and financial services provider Galaxy Digital Holdings announced the acquisition of popular and leading crypto custodian BitGo. This acquisition adds a feather to the cap of Galaxy Digital that seeks to offer a full-service platform for institutional players.
Earlier we’ve already reported that there were such rumors. And now they have got confirmed.
Speaking about the acquisition, Wall Street veteran and Galaxy Digital founder Mike Novogratz said:
“The acquisition of BitGo establishes Galaxy Digital as a one-stop-shop for institutions and significantly accelerates our mission to institutionalize digital asset ecosystems and blockchain technology. The power of the technology, solutions, and people we will have as a result of this acquisition will unlock unique value for our clients and drive long-term growth for our combined business. We are excited to welcome Mike Belshe and the talented BitGo team to Galaxy Digital.”
The article will be updated with new information soon.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Dogecoin Price Jumps Ahead More Than Half a Dollar
4 days ago
May 4, 2021
Within the past 24 hours, we have seen Dogecoin (DOGE) jump ahead and grow over 30% in price. With DOGE climbing the crypto ladder at a rapid pace, in the early hours of Tuesday, the coin price reached a new milestone and crossed the $0.50 barrier.
The value of Dogecoin was $0.389421 and reached $0.541900 overnight–a 39% increase in price. As Dogecoin continues to grow in the crypto market, the digital currency has taken observers by surprise who have mocked and joked about coin–an intention by the creator himself. Despite the ongoing jokes, Dogecoin has had the last laugh so far, as it turns out to be one of the most profitable jokes in the crypto realm, as evidenced by the phenomenal surge in just 4 months.
Taking a quick look at how far Dogecoin has progressed since Jan 1, 2021, the coin valued at less than one cent at the time. Now, approaching May 2021, the coin has grown 10,922% and sits at just over half a dollar. However, this rapid turn of events for Dogecoin also points to the coin’s 50% price drop back in mid-April–both signaling to investors to be aware of the quick changes in the crypto market. Influencers also have the ability to alter the market as we observed earlier this year, in February. Elon Musk shared his thoughts on the crypto coin on his social media platform, which reduced almost 25% of Dogecoin’s growth within a few hours.
Dogecoin Popularity Surpasses Tether (USDT)
With Dogecoin’s current market capitalization of more than $52 billion, the cryptocurrency company has surpassed Tether (USDT), Twitter, and U.S. car manufacturer Ford. AssetDash’s data suggests that Dogecoin’s empire is an estimated $52.5 billion, which is $400 million higher than that of Tether as it is currently sitting at $52 billion. Ford’s market value is approximately $45.1 billion whereas Twitter is sitting at $43.1 billion.
There has been speculation that the coin surged because of Elon Musk’s upcoming appearance on Saturday Night Live as a guest host.
To learn more about Dogecoin’s previous successes this year, click here.
Tether Zips Past $50B and Heats Up the Crypto Market
5 days ago
May 3, 2021
Tether (USDT), the world’s largest stablecoin, just reached a market capitalization of $50 billion at the end of April 2021. A definitive sign that the cryptocurrency bull market is warming up, the Tether supply has grown by more than a factor of 10 over the last 12 months. Calculating the breakdown, that roughly accounts for 25% growth in the span of a month.
CTO of Tether Paolo Ardoino, has commented on this success stating, “Crossing a market cap of US$50 billion represents an incredibly important milestone for Tether.” Furthermore, he acknowledged that the success of Tether was a blueprint for a future in the banking system and as a Central Bank Digital Currency. Tether has gained recognition for its pivotal role for the future of digital currency. As the first stablecoin in the cryptocurrency industry, USDT holds a unique position as it is currently the most liquid and often used dollar-pegged token on the market. Additionally, USDT remains one of the top quoted currencies for Bitcoin and Ether trading pairs.
Last month, USDT made up approximately 66.1% of the overall stablecoin market. In comparison, the USD Coin (USDC) is the second-largest stablecoin and is worth just under $11 billion. There has been some conversation and concerns in the crypto community regarding Tether and speculation about its reserves. However, Tether was quick to put concerns to a rest and an assurance report from Cayman Islands-based Moore Cayman provided confirmation that USDT tokens are, in fact, fully backed by reserves.
Not too long ago, Tether had settled an $18.5 million fine with the Office of the New York Attorney General. Allegedly, Tether had misrepresented the degree to which the USDT coins were backed by fiat collateral. Fiat-backed currency is government-issued or government-supported currency. As such, Tether agreed to produce periodic filings, which now proves its reserve status. Thus, the assurance report comes a month after the settlement agreement.
For more information on cryptocurrency growth and upcoming opportunities, click here.
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