New Blockchain and Cryptocurrency Startup Checklist to Achieve Mass Adoption
How Should Crypto Startups Do to Achieve Mass Adoption?
In the last years there has been a growing number of cryptocurrency startups. However, is not an easy task to be widely adopted by the general public. Indeed, most of the startups are not even closer to reach that goal.
Most of the crypto enthusiasts believe that Bitcoin will eventually be adopted by most of the public in the future. But this is absolutely based on speculation. When this will happen is also not know by the experts in the field.
There are some different factors that do not allow new companies and startups to be widely adopted by the society. For example, some of them have a lack of education about what the platform is and how it works, lack of scalability, and lack of time and money.
Due to the lack of education about the platform, users do not know how the solution or product works or they do not even know that it exists. Because of this situation, they are not able to benefit from it and the startup slowly ends up dying.
Because of the lack of scalability, platforms are able to deal well with just a few users. But when there are hundreds of thousands of users, they are not able to handle the increased demand. It happens that when the number of users starts to grow, they are not able to deal with them.
There is also a lack of time and money. Some applications are slow or work bad. Because of this situation, users are not able to fully enjoy the services provided by the startup and end up frustrated. Clearly, blockchain technology still needs to be developed and this requires time and money.
However, there is a solution for these problems. The most important thing to do is to create a good product. That is, people needs to use this product, feel that they need it in order to do something. Of course, it is easy to say it rather than to do it.
It is not enough for the public to like the product, there should be a real need for it. The market needs to have a demand for a product that has not been created. This is quite important because several resources are used to develop a product that looks nice, but it does not fulfil the demand of the market. That’s why is very important to do a proper market research.
ASQ is a decentralized economy that works rewarding participants that create great content and engage with it in an open and transparent way. This would help consumers allowing them to learn about new applications. Content creators would keep control of what they create and would be able to expand and increase their audience.
ASKfm is now releasing a decentralized version of the social network that is known as ASK2.0. Their second platform is known as NING and is used by SaaS clients that want to build a better social network.
The platform has been developed to be highly scalable and handle additional content demand from users from all over the world. In this way, it will be able to keep growing in a very easy way.
Blockchain startups have spread all over the world. Nonetheless, if they want to grow, they need to follow this approach. Indeed, it is not possible anymore to add the name ‘blockchain’ to your company and wait for it to grow.
Audience is quite important nowadays. It is not only necessary to create a good product, but it is also important to retain the audience and find more users.