The cryptocurrency ecosystem has seen tremendous growth and changes within the last decade. It’s no longer an emerging idea of decentralizing finance as it was in its inception but has, instead, transformed into a market of multi-trillion dollars with extreme fluctuations of price and investments of speculation and, unfortunately, a reasonable share of charlatans. In this environment, volatility reigns supreme, making some to ask: can there really be a way out of this instability?
However, a subtle but significant shift is underway. Some futuristic projects are abandoning the “high-risk and high gain” tendency that used to define the early days of the industry. They have opted out from such straight-forward business principles towards transparency and ethical practice and growth in the long time. A project in the area of media however is challenging the norm by adopting a rather opposing trend.
The Development of Cryptocurrency: From Hope to Headache
It all started with the launch of bitcoin in 2009 where bitcoin introduced the concept of a Decentralized banking system. The first years of the Bitcoin era were not as incredible in terms of growth, but it was clear that its critical technology blockchain and such would replace any middlepersons for transactions one day. Bitcoin was soon followed by Ethereum, which brought the power of building mostly ineffable applications through smart contracts.
However, alongside such changes came others related to the market are Bay’s speculation, and a flood of new cryptocurrencies, many with less than amiable intentions. The turning point where everything changed is considered to be the Initial Coin Offering (ICO) boom of 2017. Pretty much overnight there were many dozens of projects driven by many millions of dollars raised on whitepapers, and maybe some of the more elegant promises. Many of these endeavors were, to be fair, of merit. Most were not and the deluge of problems, fraud, and or collapses happened as well.
As it is understood today, it was during these times that the development of price instability in the industry that is currently prevalent in the dynamics of the crypto assets emerged. Within a few hours, prices could increase by several hundred percent or collapse to the lowest level ever making both the old and young investors to struggle with the market. And as an effort to limit some of the most awful practices that are part of the issue, they have been able to rein in the volatility, but it is still a core problem for the market.
The Problem with Speculation
Everyone in this area of cryptocurrencies knows that most of the tokens in this space have been designed with one purpose, to make money out of speculation. Most of the time, the price of a cryptocurrency is based not on the actual usage or any utilities that it has but instead on the factors of market bullshitting. There were, of course, boom-and-bust situations, when a rush of investors came into the highest market cap of a coin only to watch as it sinks in value almost immediately.
Intriguing the consumers of a widespread scam involves fraudulent designs such as the pump and dump model. They have grown more than the legitimate investors. This is a significant issue that must be taken severe consideration in the ecosystem. Given this sub-prime situation, such companies’ ideology has started to surface where growth comes knocking at the door without preoccupation about where the next seed capital is coming from. Standing by the name, these companies do not do a token sale emphasizing on the future growth of the enterprise. A contributing factor to this shift is also attributable to publication outlets with an active level of engagement with the translating model. With a ‘bully’ concentration, the firm has avoided building haste at the very outset and focused on the range of its offerings rather than promotion of underlying token. It’s not such a program where everyone works towards pumping the value or churning up profits quickly, it is one where the members are willing to observe its development and watch the aspect of organic growth over time.
In contrast to numerous projects that are bereft of any real-life application, the token of this company is most certainly more functional, within the ecosystem of the company that is, for media services. It prevents speculation from running high by directly tying the token to real services such as advertising and digital campaigns which guarantees constant and reasonable use of the token.
Tangible Value, Tangible Support
One of the fundamental hurdles of cryptocurrency has been the inability to link most digital coins to physical products or services. Many coins are merely present only as investment tools where they have no use in practice. This project on the other hand has endeavored to do the opposite by creative the token into the working business model Within its media ecosystem, the token can also be used for paying for advertisement spaces, media placements and other related services enhancing the functionality of the businesses as well as the clients.
This model provides more than simply yet another useless cryptocurrency; it also addresses one of the most acute problems in the industry – volatility. By introducing a token with an enormous, incessant demand that is related to a genuine activity, it sickles in the so ill heavily saturated crypto market which most other cryptocurrencies to do not have.
The Road Ahead
With the maturation of the cryptocurrency market, the requirement for sound and good projects has become more apparent than ever. While speculation and volatility may always exist in the world of cryptocurrency, there are some projects which aim to change that. These projects are a good indication of the direction cryptocurrency may take in the years to come by emphasizing on transparency, utility, and responsible growth.
We consider this media company a pioneer. It demonstrates that it is possible to create something meaningful in an environment that is typically characterized by faddism. This is a welcome development in a sector that is still in its infancy and if it works, it might just be the one that provides a way out of the instability that is the current unsettling status of cryptocurrency.
For more information on this innovative approach, visit Oort X Media and learn more about the token’s use case at OC-B
