Investors want more cryptocurrency

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In today’s blog, we are going to take a look at a recent survey by Sharepost that may suggest that investors are more interested in cryptocurrency in 2018. Cryptocurrency has had a rough start in 2018, while most are down from their 2017 highs. However, the survey reported that

59 percent of investors and 72 percent of consumers plan to increase their holdings over the next 12 months.

This is really good news for the cryptocurrency economy as most of the users and transactions are coming from the investing section. It was no secret that the top three cryptocurrency coins/tokens that were most likely to succeed according to the survey were Bitcoin, Ethereum and Ripple. (Which are currently the top three cryptocurrencies right now in terms of market cap)

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Companies launching crypto related services/products/research

In order for cryptocurrency to be adopted real-world utility needs to exist. Right now hundreds of thousands of products/services can be purchased using some form of cryptocurrency, however, to compete on a competitive level cryptocurrency will need to be accepted by millions of different retailers. The Sharepost study suggested that

49 percent of consumers say employers are planning to roll out Blockchain in the near future.

Even during rough patches, light can be seen when companies are entering the blockchain space to try and innovative and release beneficial services/products.

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Tokenizing the Future

This data could possibly show a future in which many different companies roll out their own native cryptocurrency token and that the future could be a tokenized market.  Whether the tokens will represent some sort of equity within a particular company/business, function as a store of value, or even a medium of exchange this data has some promising notations. In a tokenized economy people will need to be able to interact with the tokens effortless in order to make the incentive models realistic. This means that exchanges will need to allow users to effortless exchange their tokens with many different trading pairs.

 

 

This sort of tokenized world is however many years away and will not be built overnight. More companies need to roll out research plans or even plans to develop blockchain related services/products. Many more years of research will be needed to give confidence to smaller companies and sole proprietorship (the largest groups of businesses in the US are sole proprietorship’s.) Companies like Wal-Mart, IBM, Oracle, and Goldman Sacs are considering or even exploring blockchain technology right now. These dominate companies have the resources to test out the industry, and once the projects are finally present other smaller companies will begin to follow suit.

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People using cryptocurrencies

Currently, around 40 million people around the world are using cryptocurrency and at the current rate within the next 7 years, this market could reach 1,000,000,000 people. This, however, cannot increase rapidly if exchanges and storing precautions are not taken. Most people who are early innovators have taken a look into cryptocurrencies, and these are the people that are willing to deal with the uncertainty in wallets and exchanges. The majority of the world will not be willing to enter the cryptocurrency market without an increase in security measures. This is why Oodlebit is dedicated to creating the most secure yet efficient trading platform. Together we can form the best cryptocurrency exchange and invite the next 40 million users to enjoy it with us.

 

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Introducing OODL Coin

Oodlebit is a next-generation cryptocurrency exchange that will be releasing in 2019, launching in the United States to create brand new standards. While launching with unique advantages such as an increase in trading pairs, fair fees, powerful API’s, heightened security, charting tools and other trading implementations, Oodlebit has created a powerful token with real utility.

 

History of Utility Tokens

 

With the ICO boom, “utility” tokens have started exploding with brand new business models of raising funds, and a new entry for startups to enter the blockchain space. An increase in startups and projects certainly helps the innovation of cryptocurrency, however, the immense amount of purely crowdfunding tokens has brought the economy down. Many companies have launched on the blockchain without good development teams and have created tokens simply to use to crowdfund their business models and make themselves rich. Most of these projects have huge Team & Advisor funds that take away from the actual development of the project. So because of this, many projects have failed and burned through a lot of investor funds because the idea was not yet technologically feasible. These projects have jumped the gun and begun raising ICO funds before the project has even been developed, so these speculative utility tokens have caused a huge downtrend in the market as these projects have not been able to deliver the fantastic implementations they wrote about in a whitepaper.

 

Bringing Real Utility, Real Value

 

Oodlebit’s native token OODL will be a fully functioning token with real-world utility. These tokens will be used directly in the exchange via the voting, and trading process. 200,000,000 OODL tokens will ever be in circulation before buyback burning periods. 50% of the tokens created will be given out in affiliate programs and other reward campaigns. The other 50% of the tokens will be given to early investors and the founders.

 

Burning

10% of every net positive quarter will result in a buyback until 50,000,000 tokens are purchased. These tokens will be burned so that the total circulation of the token gets decreased over time. This will bring more value to the token as the demand for the token rises. These tokens have real utility in the fee reduction and voting privileges and so the demand for the token will be higher than traditional pairs.

 

Lock up Periods

Generally in ICO’s developers and founders are given tokens right after the ICO funding, which doesn’t leave many incentives to continue on the project. At Oodlebit the founders and investors are given a four-year lockup to incentivize the continued support of the exchange.

 

Voting

An important feature of OODL tokens are the voting rights that are given. Users are able to vote for the next coin to be added to the exchange platform. Traditional exchanges add whatever token is willing to pay the most for a listing fee, whereas Oodlebit believes in the users. This is one of many Oodlebit commitments to bring the power back into its users. A current poll is running and ends January 1st, 2019! The top 10 tokens will be added to the exchange so vote now.

 

OODL Fees

By utilizing the OODL token, users will see a fee reduction of 50%. This gives a financial incentive to traders to use the OODL token, and become a part of the Oodlebit community.

 

Get in Touch

In an ongoing effort to expand and grow our exchange we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Visit https://www.oodlebit.com to learn more about our amazing offers.

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