Weekly E-mails:  Crypto Trading Strategy 5 Weeks of Onboarding Reads. Latest Airdrops (Thu 7 AM EST). Or all of it.

Dismiss   Pick Your Preference
This site uses cookies (More).

 

Tokenization can boost startups in growing industries like home remodeling - #CryptoTrading

Houzz launched its new cryptocurrency for home remodeling earlier this year. Is this a good initiative for startups like Renovaten?
Blog
  .  Published  · By Ambreen  · Guest post by Ambreen

Home improvement business is projected to grow in near future, involving blockchain is just one way to increase the worth of industry.

Though cryptocurrencies already have a sizeable global footprint and faced some tough time in finding real-world value, in 2018 many businesses are just starting to tokenize their assets and services by launching their own proprietary cryptocurrencies.

Houzz, the online community for architecture and interior design, did just that in April 2018 when theyr announced their ICO.

The company launched Houzzcoinzz, cryptocurrency tokens designed exclusively for their potential users. It mimics the functionality of an in-store gift card but additionally, the token can be mined. Also, being publicly traded, the Houzzcoinzz fluctuate in monetary value and thereby in purchasing power.

Just how is it beneficial for their clients though? Is a proprietary token for home improvements a good initiative for emerging US startups like Renovaten, Next step living or Renoviso?

How does proprietary cryptocurrency benefit customers?

One of the key benefits of launching this new cryptocurrency is the simplification of transactions. Customers can buy more than 10 million products from the company, now paying instantly with a proprietary digital currency specifically developed for the home renovation and design trade.

Furthermore, the security aspect is not to be missed. The company’s blockchain protects the transaction itself as well as the shopping history of each client.

Tokenization as a breakthrough for entrepreneurs

Cryptocurrency has revolutionized the way business owners transact value, invest their savings and raise capital.

The blockchain technology offers highly impactful infrastructure for businesses to run their setups and build an entirely new business strategy in some highly trusted way without involving any centralized authority.

Even better, as nascent as the blockchain technology industry is, it offers a good opportunity to connect with the world’s famous entrepreneurs.

Businesses and individuals can transact value with the help of blockchain technology at much higher speed with very limited setup costs, and invest in high profile technology businesses in their startup phase.

The ease and cost efficiency of raising capital is a major reason; every home improvement startup should at least consider launching their own token.

Tokenization can boost startups in growing industries

According to research performed by Renovaten, the home remodeling expenses are expected to increase in the next coming years and may break the highs of ten years. The home improvement expenses in the US have already hit $304 billion this year.

Renovaten speculates new startups will continue to leverage blockchain technology to build their brands and offer the highest possible value to their customers and investors.

So, what do you think about this innovative method in the home improvement industry? Are you ready to adapt this evolution for your startup?


Edited by: Diana Trang

Diana Trang is the editor of The Business Of Crypto.


About the author

Written by Ambreen

I am a technical content writer.

 

Last added to Crypto Airdrops, Bounties & Opportunities
Name Date How to access Official URL Additional Info
INNOU Crypto Airdrop Limited INNOU is a new digital ecosytem and complete decentralized multimedia app. During their pre-ICO/ICO they are giving away up to 120 tokens (11 USD) for easy social media tasks. The 'Join' link takes you directly to the Telegram airdrop bot. info join
FanEspo Big Competition (ERC20) Regular Fanespo is launching a new promotion contest worth $400 in FAN tokens. Details will pop up on you when you sign up on site. Overall, the eSports platform FanEspo is giving away the total of $1.6 million of tokens in contests. You need to have a FanEspo account, the tokens you get are testnet but they will be transferred into real tokens upon launch. details make acct
Ethereum Card Airdrop Until end of June 2019 The escrow service on Ethereum is giving away up to 100 ETHCD tokens (15 USD) for a signup through referral and social media joins. Sign up with email and in your dashboard click "Join Airdrop". info sign up
Lunox LNX Airdrop Until end of June 2019 A retail marketplace that for some reason uses blockchain technology. Drops ERC20 tokens for social media shilling. info form
Bethereum Photo Contest Until end June 2019 Bethereum, the betting platform on ETH, is giving away prizes in a social media campaign to the platform users who take a photo of the platform in an unexpected place, post it as a comment and hashtag it #BethereumAnywhere Twitter. The monthly prizes of 25K Bether, AND 3 grand prizes of 100K BETHER! join platform photo thread
BlockWage Airdrops + Bounties Recurring Platform for freelancers marketplace. Airdrops randomly announced via Discord, there's also the possibility of Masternodes. join web
BitForex Exchange Launch Promo Limited The new altcoin trading platform is dropping exchange tokens to new signups. You get 20 BF for your signup with code 2178778 and can earn more for referrals, limited at 30k BF. details make acct

#DEX Series - The Business Of Decentralized Trading

Blog  #exchanges   14 Sep 2018, 08:06 UTC
DEX Series, Episode 2: Copy trading
Blog  #exchanges   21 Sep 2018, 07:31 UTC
DEX Series, Episode 1: Order Execution Management