Crypto Series
How Cryptocurrency Can Help Entrepreneurs
Blockchain technology is a once-in-a-lifetime invention. Cryptocurrency has revolutionized the way we buy and sell, raise capital, and invest our savings.
Here are some ways it can help you:
Raising Capital:
Using Initial Coin Offerings (ICOs), startup companies worldwide can raise money quickly (and inexpensively) from a huge pool of global investors rather than trying to locate locals who might be interested.
And the valuation of your company is reflected in the market practically at once, unlike the long, laborious process it once took.
You can issue shares as tokens and they become tradable almost instantly, giving your company the liquidity it needs to start. This new cryptocurrency approach allows the best technical talents to build their companies at a great rate of speed.
Transacting Value:
Cryptocurrency lets a company transact value between peers easily, cheaply, and more efficiently than with traditional payment networks.
Accepting cryptocurrency is becoming increasingly more efficient. It saves on fees and allows a company to have faster settlements.
Pretty soon, a startup company won’t have to go through the long, laborious process of setting up a bank account in order to receive and distribute funds.
Investing for the Future: According to AMZcoin, cryptocurrency “may be the investment opportunity of a lifetime.” Never before have retail investors had the kind of access to high-growth, early-stage companies that they have today.
Traditionally, this access has been monopolized by private investigators and venture capital funds. Cryptocurrency allows nearly anyone in the world to invest in the some of the world’s most exciting technology, giving them the ability to own shares in high-growth companies.
Developing on the Blockchain:
“Blockchain technology ,” says AMZcoin, “is a cost-efficient way of building decentralized applications that can scale to a global population.”
Blockchain technology is already revolutionizing how startup companies create value. Ethereum’s platform lets companies build “unstoppable blockchain applications” without cost and with a great deal of speed.
One example of a company using Ethereum is OmiseGo. This is a company that uses blockchain to provide banking services for the 2 billion people in the world without access to a traditional bank.
Joining the Blockchain Community.
This community offers access to some of the world’s most successful entrepreneurs, engineers, and investors, who are actively advising, investing, and building on that blockchain.
Platforms like Facebook, Telegram, WeChat, WhatsApp, and Slack are popular places for groups of these entrepreneurs to stay in contact with one another.
Communities of blockchain investors can coordinate large investments, something that would take months in traditional venture capital, within only minutes using these groups.
Cryptocurrencies provide entrepreneurs with a platform to raise capital efficiently, quickly, and cheaply. Investors can transact value at high speed through the blockchain with limited setup costs. They can also invest in high-growth technology companies at an early stage.
Cryptocurrency will keep providing a means for entrepreneurs to create value in the world.
