In an effort to make and see digital cash flowing through the country, Cryptocurrency was born in 2009 after a lot of hustle. And now, to define it, these are those entries in a database that no one can change without fulfilling specific conditions. It is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure the transactions. The blockchain investment arm of Overstock (a United states based e-commerce Bitcoin pioneer) on Sept 14th, announced the purchase of cryptocurrency directly from its website for its retailer clients. This came into picture when Bitsy began a beta launch of its cryptocurrency wallet and exchange. This has marked another step in Overstock’s strong relationship with Bitcoin. By doing so, they prove that Crypto future of E-commerce will be guided majorly by Asian players.
ICO or Initial coin offering is a type of funding using cryptocurrency. There are a lot of ICO funded blockchain start-ups. For such start ups, it is essential to list the newly issued digital tokens on reputable exchanges. This adds credibility to their projects and also increases the chances that the token will grow more in value as investors have direct access to it. Once a token has been submitted, patience is required. Evaluating a token takes time and bombarding the exchange with questions will rarely help to speed up a listing.
A very important thing to note is that some exchanges charge a ICO listing fee. There have been reports that the figure ranges from $50,000 up to $1,000,000 in BTC. Therefore, startups need to be sure that they can meet the financial requirements of the exchange. Also, there are some exchanges that will list new cryptographic assets for free purely based on the merit of a project and its digital token.