A unicorn is a company that has been valued by venture capitalists at over a billion dollars. Few people have not dreamed of becoming a co-investor in a small startup that will eventually grow into a large, highly profitable company. But it is useless to build illusions, as to discover such a project, one will need a lot of knowledge and experience. To accurately analyze projects and evaluate their potential, an understanding of venture capital investments is also necessary.
Venture capital is an investment to develop an early stage company or high growth potential, but with a lack of funding. Projects are studied by venture funds or investors, also known as capitalists. A distinctive feature of venture investments is high risks and commensurate high returns. By investing in a project, investors receive a stake in the company, becoming a significant part of the project.
Trends are analyzed based on two main indicators: the volume of investments and the number of completed rounds of financial support. Based on them, one can identify projects that are of the greatest interest to investors, and also by taking the following steps:
1. Study ICOs/IDOs. Judging by past experience, the ICO form of attracting investments has proven to be one of the most profitable investment models. Of the top ten largest cryptocurrencies by market capitalization, six were funded by ICO or similar method of raising assets. Tracking upcoming ICOs, IDOs and IEOs is quite easy. There are services that provide information on projects that are going to organize a public fundraising round and find out other details. Thanks to the information obtained, one can explore the project and determine its potential.
2. Track the assets of the most successful funds. By studying platforms like Nansen, it is possible to track the movement of funds into the wallets of well-known venture funds or investors. By looking at the funds' reports on the official website, one can understand which projects have recently received investments.
3. Analytics tools. The search for a crypto unicorn should start with cryptocurrencies that have a small capitalization. Some of them may be a waste of time or a scam. Advanced monitoring and analysis systems allow to track the emergence of promising coins in the early stages.
By using the above methods, potential investors can significantly increase their chances of finding a crypto unicorn. Successful cryptocurrency companies that have reached the highest level of capitalization have today greatly influenced society.
The Impact of Cryptocurrencies on Society
Thanks to the advent of cryptocurrencies, participation in international projects has become easier and more accessible, as has the ability to buy Bitcoin with a credit card. Quickly sending money anywhere in the world without intermediaries and high commissions instantly wins the interests of new users. What is important is that for people who live in countries with unstable economic conditions, cryptocurrencies are a way to protect their assets from the costs of inflation.
The emergence of decentralized currency changes the paradigm of the usual centralized structures of power and finance. Control is exercised directly by users themselves without the intervention of a regulatory third party. The idea of a decentralized format brings the world closer to a global economy, where it does not matter from which country the currency is exchanged. Many cryptocurrency companies assist residents from Africa, using exchangers in Nigeria, to make transfers with representatives of other countries. Cryptocurrencies involve people in more global economic interactions. The state cannot influence the price of cryptocurrency, which attracts user interest to the question of how to buy cryptocurrency with a credit card.
Speaking about the impact of cryptocurrencies on the economy, it is important to understand that the volumes of cryptocurrency assets are not comparable to commonly used fiat money. To influence the financial system, cryptocurrency must gain the reach and volume of traditional currencies, which is so far unattainable, although buying bitcoins in Nigeria has become easier than ever.
Cryptocurrencies are especially often used by representatives of IT professions, publishers and game developers who are concerned about how to buy Bitcoin in Nigeria. The use of crypto assets in online games makes the gaming experience even more exciting when the user can convert in-game money into cryptocurrency and then exchange it for real money. Financial inclusion makes cryptocurrencies an even more attractive tool, since all you need to make transactions is a phone, an Internet connection and an idea of how to buy cryptocurrency.
Of course, the novelty and lack of control over transactions has prompted some to engage in fraudulent ploys for profit. Many states are seeking to distance themselves from the crypto market, but the chaotic growth of decentralized currency has forced regulators to develop restrictive measures for those who want to buy bitcoins in Nigeria. Central banks are leaning towards the possibility of introducing their own digital currencies - controlled and monitored by the authorities.
Who Uses Cryptocurrency in Russia?
Due to the widespread adoption of cryptocurrencies, the primary users of crypto assets are often freelancers and business owners using cryptocurrency exchanges in Nigeria. Among the reasons are the resistance of cryptocurrencies to sanctions, the convenience of sending and receiving payments, and anonymity.
Among Russian freelancers there are many who actively use cryptocurrency. These include programmers, developers, designers, and some of them are ready to receive payment for services in the form of crypto-assets in order to buy Bitcoin instantly. The growth of interest in cryptocurrency was influenced by the relocation of specialists who do not always find a way to use Russian bank cards. They often have to deal with foreign exchange restrictions. In Russia, the use of cryptocurrency as payment for goods or services is prohibited and is available only if certain conditions are met.
The convenience of accepting cryptocurrency for freelancers may be due to the speed of transactions, low commissions for transfers, and the absence of a link to an open account with a bank. Bitcoin, Ethereum, and Litecoin are popular among coins as payment methods. The received coins can be withdrawn to a card, account or stored in a wallet. Among the available ways to withdraw cryptocurrency to a card: online and offline exchangers, P2P exchange or cryptocurrency ATM. It is under no circumstances recommended to store these funds on a cryptocurrency exchange, as there is a high probability that the wallet may be hacked.
The best way to store cryptocurrency is to diversify your portfolio: spread your income over several reliable coins. Among the cryptocurrency platforms for freelancing, you can use the following options:
1. CryptoTask is a decentralized system on the Ethereum blockchain that connects employers and freelancers. The platform is distinguished by transparency of transactions, low commissions and automated instant payments. Here, they find work in the field of design, translation, IT, engineering, law, marketing, etc.
2. LaborX is a decentralized platform that uses digital work agreements based on smart contracts, which makes cooperation open and honest. When creating a user rating, the algorithm takes into account experience, education, completed orders and reviews.
3. Bounty0x is a crypto platform where performers in the fields of marketing, consulting, translation, software development, graphic design and others can find work. From the list of tasks, the user selects a suitable order, completes it, and after unlocking the payment, receives tokens for the work done.
Such services help to transfer cryptocurrencies quickly and without restrictions; the advantages are provided by the blockchain system and smart contracts. Before deciding to choose a suitable service, it is better to first study the reviews and ratings of the platform, as well as familiarize yourself with the withdrawal rules. It is advisable to immediately withdraw funds and save them to a cold crypto wallet, so your crypto assets will be safer.
Conclusion
Before deciding to use cryptocurrency as an investment, you need to start with small amounts. There are many educational courses that describe various strategies for investing in crypto assets. Choose the one that best suits your personal goals and capabilities: some people prefer to play big, others prefer to wait for the right moment and not take unnecessary risks. The choice of project for investment must correspond to at least a general understanding of the niche in order to assess its potential prospects. In combination with analytics tools, this will help find a crypto project whose investment will pay off many times over.
