These entrepreneurs aim for increased cryptocurrency adoption by launching their cryptos
But, the utility of cryptocurrencies is gaining importance day by day with major brands accepting them as payments and a major number of people are investing in digital currencies.
New Delhi: Cryptocurrencies and other digital currencies have been making headlines for quite a while now. Crypto and blockchain-related awareness have reached the point, of making their way through public consciousness and popular culture. Although crypto has become a part of our daily lives, people still consider it to be tech-savvy, something that is discussed at parties and social gatherings.
But, the utility of cryptocurrencies is gaining importance day by day with major brands accepting them as payments and a major number of people are investing in digital currencies. Blockchains are being used in new fields while NFTs are taking over the internet. With all these new development coming in, it is important to address the crypto literacy problem in our country. Thus, promoting new safe crypto investment among new investors, three entrepreneurs namely Godhani, Pratik Bodra, and Parth Parsana are all set to launch their new cryptocurrency.
The trio has over six years of experience in the field of cryptocurrency and is working on the path to launching crypto based on Web 3.0 which will include Metaverse, DeFi, and NFTs as a utility.
Besides, they are also planning to launch their exclusive collection of NFTs. NFT holders will get a guaranteed amount of allocations in their IDO (Initial DEX Offering). These NFTs can also be used in the metaverse.
Parth Parsana shared some of his views about NFTs. “NFTs are risky because their future is uncertain, and we don’t yet have a lot of history to judge their performance. But keep in mind, an NFT’s value is based entirely on what someone else is willing to pay for it. Therefore, demand will drive the price rather than fundamental, technical or economic indicators, which typically influence stock prices and at least generally form the basis for investor demand,” he said.
The smart contract of the token will be made on the Ethereum chain (erc-20) and the binance smart chain (BSC). Besides, token distribution from pre-sale and public sales will be on different launchpads globally. Token listing on the world’s top cryptocurrency exchanges will be after IDO.
Meanwhile, Godhani stated, “The Metaverse is the future. It’s the place where you explore and interact with people and the places in the digital world with your virtual identity. It’s going to be the one place for knowledge sharing, learning, and earning that no one can control, and that is the power of blockchain.”
The trio has major plans for the metaverse and the future of digital currencies. However, they also warn the investors to be cautious.
“Investing in cryptocurrency for a beginner can seem overwhelming. When you buy a cryptocurrency, the transaction is recorded in a blockchain, which is decentralised and stored in systems across the network. It is a volatile market, but with sufficient research, an investor can build a competent portfolio. Not to mention the security and privacy crypto offers when used for business. Beginners can start by investing in popular tokens like Bitcoin and Ethereum and then research other options.’’ stated Pratik Bodra.