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NFT Token Development Company| LBM Blockchain Solutions

LBM Blockchain Solutions, an NFT Token Development Company, has helped various crypto firms by giving industry-driving symbolic improvement arrangements on blockchain stages like Ethereum, EOS, Tron, Binance Smart Chain, and others. We have an incredible group of NFT Token developers who can make stand-out and safe NFT badges of any difficulty. With our unmatched symbolic improvement administrations, we assure to plan and send off a non-fungible token with outstanding execution that is custom-fitted to your organization's requests. Our NFT Token Development company can help you whether you're a tremendous, medium, or independent venture. What is NFT? NFT is an abbreviation for Non-Fungible Token. It is a unique cryptographic token. A person who has NFT indicates that he has some unique or antique digital artwork that nobody in the world has. NFTs are unique tokens or digital assets that earn revenue. For example, two people with bitcoins can exchange them. Because they are the same, they will pay the same. On the other hand, NFTs cannot be exchanged, Because these are unique art pieces, and each token is unique as well. Bitcoin is a type of digital asset. At the same time, NFT is a unique digital asset with each of its tokens having a distinct value. In simple terms, if any digital artwork is established in the world of technology, it will be known as NFT or Non-Fungible Token.

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Utility tokens are expected to be utilized for a predefined reason. Tokens could be utilized on a stage to recover a unique help or gain particular treatment for services. The main part of tokens delivered with regards to ICOs are utility tokens. Organizations commonly use them to produce interest in their items, as well concerning application and worth creation in blockchain biological system administrations.

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NFT Development Services | LBM Blockchain Solutions

The Non-Fungible Token marketplace is quintessential for various business frameworks for secure crypto trading. NFT Token Development caters to the process & methods that lead to the creation and development of a specific token pool. They are a new type of cryptocurrency that has become extensively popular universally for their potential to improve virtual asset liquidity and make it much easier for trading. This lets the businesses and visual creators yield a good income.

Digital content like images, videos, art collectibles, game characters, and other random things makes up the entire NFT marketplace. Businesses/creators can represent their talent and work through these mentioned NFTs which are easily distinguishable blockchain tokens that carry ownership certification proof along with it.

Significance of NFT Token Development

Basically, NFTs are digital contracts to renovate your physical and non-physical unique assets. NFT Development has the ability to help content creators establish their own signature merchandise among which, ‘Games and Art’ are the two major niche markets that NFT Token Development mostly works on to connect and support. Collecting these unique and creative assets in the digitalized form gives the fantasy lovers and indices that extra extravaganza with hype.

NFT was engineered under two Ethereum standards ‘ERC-721 and ERC-ERC-1155. Ethereum as we know offers the plan & design for the developers to launch NFTs and assures exchange and services altogether.

We at LBM Blockchain Solutions offer blueprints of the design and development of your NFT marketplace using the most advanced blockchain technology. Contact Us Now!

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Crypto Exchange Development Company In Singapore | LBM Blockchain Solutions

Crypto Exchange Development Company In Singapore is a wise decision for a business startup also run on trading mechanisms where the transaction speed and accuracy depend on the advanced codes. The engine analyzed the orders placed for asset collateral (i.e. the funds available on the balance sheet), keeps track of the recent orders on the database, and creates data to present on the mobile/web application or in the trading console.

Its quite clear that cryptocurrencies have established themselves as the money of the future. It influences worldwide governments and companies to invest in cryptocurrencies and adopt blockchain technology for their business growth. Moreover, this tech is of decentralized nature, so there is no third-party involved which is the reason why LBM Blockchain Solutions came into existence.

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Best Blockchain Platforms That Support Tokens | LBM Blockchain Solutions

Every blockchain has its own rules for creating a token. Also, each token has its own specific and distinct use-case from another token (acc. to the specific coding done in smart contracts).

Now the interesting question arises– how do you pick up a blockchain that would be deemed fit for your token?

To answer this, if you allow me to come straight to the ongoing trend, I will recommend two most important blockchains to run your tokens. The Ethereum blockchain and the Binance blockchain are the two most popular and successful blockchains to run your tokens.

Tokens on the Ethereum blockchain are very stable but Ethereum offers a high gas rate to develop tokens. Although Ethereum has the almost same amount of active wallets as bitcoin.

Whereas the Binance blockchain is surpassing the Ethereum blockchain in recent times. As tokens developed on the Binance blockchain provide you with the same features and stability as provided by the Ethereum blockchain but tokens (say BEP-20 tokens) on the Binance blockchain are a lot cheaper to develop as they do not charge you with high gas rates (as it is the case with ERC-20 tokens).

How To Build Tokens

Adapted from SaaS models, blockchain as a service (BaaS) offers to develop and implement specific “Smart Contracts” to host tokens on a blockchain for a number of different purposes(as coded in the contract). In a systematic way, building tokens go through 3 main stages:

1. Define token properties

2. Develop a smart contract

3. Deploy the contract on a blockchain

1. Define token properties:

A token has a number of different use-cases depending upon the context of its use e.g, if you are deploying a token to attract investors, you will use ERC-20 tokens. The tokens specifies the following:-

The total supply of tokens

Tokens name and symbol

Tokens inherit specific features/functions

2. Develop a Smart Contract:

All the tokens are governed by the basic fundamentals of “Smart Contracts”, so when you are building a token, you have to code the smart contracts according to the properties and features the token holds.

3. Deploy the contract on blockchain:

As tokens run on top of blockchains, the smart contracts, which are now fully encrypted by means of cryptography, are deployed on a particular blockchain to run and perform its functions and complete the transactions.

Your choice to develop your own crypto token, and what type of a token depends upon the use-case and utility you require to perform. Also, the costs involved will vary according to the work needed and if it requires any extra time or some extra developers. While pretty much anyone can get tokens created, but to develop your own crypto token requires serious work and dedication.

Of Course building tokens is not an easy job as you have to have complete knowledge about blockchain solutions. And this is where, we the developers at LBM Blockchain Solutions, come to assist you. Our highly skilled team of blockchain developers provides you with quality blockchain solutions.

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The Powerful Suite of a Cryptocurrency Exchange Solution | LBM Blockchain Solutions

A cryptocurrency exchange is made-up of these few important components for quick trading programs-

Trading Engine

The trading engine is the core component of all exchanges. The process consists of accessing buy orders, collating buy and sell orders, and executing transactions. Thus, start with a powerful trading engine that can exceed 100,000+ transactions per second (TPS).

KYC verification

KYC is an identity verification process for verifying a user's transaction. It consists of verifying the user's passport, driver's license, or proof of address.

AI tools for trading

The AI ​​program allows traders to collect the necessary data on the latest market trends for strategy development. We at LBM determine the metrics that need to be implemented, depending on the requirements of your business model. Our meaningful indicators include the Relative Strength Index (RSI) Moving Average (MA), and so on.

Liquidity

Liquidity factors affect the tendency of digital assets purchased or sold. The Crypto traders are most likely to come whether the exchange has higher liquidity. Our team lists various cryptocurrencies and adds payment methods, multiple orders, etc. to enhance liquidity. Trading bots are another mechanism for achieving high liquidity.

Cryptocurrency Wallet

Cryptocurrency wallets are where cryptocurrencies are stored on Exchange servers. It has the highest security because all ciphers are stored. We build a hot/cold wallet system for the appropriate cryptocurrency wallet to prevent risk.

Admin Panel

It is one of the most important components of management and business intelligence. The main functions of the admin panel are as follows:

Edit spread trading

The alteration of liquidity

Cryptocurrencies management

Users' account approval for transactions

Get the cryptocurrency exchange development services

Hiring a professional crypto development team can be a great investment. They will work as a permanent team. Employing the LBMs cryptocurrency exchange development team prevents unfortunate situations. However, this will make your exchange work efficiently-

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Steps To Develop Your Token

If you are wondering how to develop your own crypto token that will attract more users to your Defi App, or raise money, or perform other utilities–- then look no further. Let's take a sneak peek into how you can Develop your own crypto token, even if you don’t know much about the blockchain technology.

Features Of A Token:-

We have somewhere around 10000 tokens running on top of more than 30 blockchains (as of 2022). The bitcoin, ethereum, binance blockchains are one of the leading blockchains along with a couple of others.

Key Points:

You can create either a crypto coin or a token. There can be only one coin per blockchain, and you make it when building a new blockchain. But tokens are plenty, and also easier to develop.

A token is basically a smart contract living on a blockchain and is fully encrypted by the process of cryptography.

The common use cases for creating a token is– to raise funds, trade, to store a value. Tokens are also used as a digital currency.

Tokens are managed by smart contracts, which are securely encrypted through cryptography. This makes tokens a secure asset.

Tokens operate on top of a blockchain which also acts as a medium for creation and execution of dApps and help in facilitating the transactions.

Tokens are often used for fundraising, trading, or for the purposes to store the value. Tokens are also used as a fully encrypted digital currency.

Tokens are created, distributed and sold through the process of initial coin offerings I.C.O’s. Investors who are interested in the company can purchase these tokens.

Tokens provide users with access to a number of bank-like services such as loans, lending and insurance purposes etc.

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Develop Your Own Crypto Token | LBM Blockchain Solutions

If you are wondering how to create a crypto token that will attract more users to your Defi App, raise money, or perform other utilities then look no further. Let's take a sneak peek into how you can Develop your own crypto token, even if you don’t know much about blockchain technology.

Features Of A Token:-

We have somewhere around 10000 tokens running on top of more than 30 blockchains (as of 2022). The bitcoin, Ethereum, and Binance blockchains are one of the leading blockchains along with a couple of others.

Key Points:

You can create either a crypto coin or a token. There can be only one coin per blockchain, and you make it when building a new blockchain. But tokens are plenty, and also easier to develop.

A token is basically a smart contract living on a blockchain and is fully encrypted by the process of cryptography.

The common use cases for creating a token are– to raise funds, trade, to store a value. Tokens are also used as a digital currency.

Tokens are managed by smart contracts, which are securely encrypted through cryptography. This makes tokens a secure asset.

Tokens operate on top of a blockchain which also acts as a medium for the creation and execution of dApps and helps in facilitating the transactions.

Tokens are often used for fundraising, trading, or for the purpose to store value. Tokens are also used as a fully encrypted digital currency.

Tokens are created, distributed, and sold through the process of initial coin offerings I.C.O’s. Investors who are interested in the company can purchase these tokens.

Tokens provide users with access to a number of bank-like services such as loans, lending, and insurance purposes, etc

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What is a Crypto Exchange Platform?

Crypto Exchange Platform encourages crypto trading in return for digital assets or traditional currencies. They act as a median between a buyer and seller with a commission charge or transaction fee. UnoCoin, CoinSwitch, CoinDCX, and Kuber are a few examples of operational online exchanges in India.

Besides trading digital currencies for other cryptocurrencies, an investor can exchange them for fiat currencies or traditional money( dollars, euros, or rupees) through an online exchange. They can transfer that amount to their bank account and withdraw them later from their local bank.

crypto exchanges are like brokerage firms that act as a central entity between a buyer and seller during the crypto trading process. It lets the traders transfer their money using various means like debit/credit cards, bank transfers or UPI, etc. Although it charges some amount as a commission fee for every successful transaction with their services.

First things first, a buyer or an investor needs to choose the right exchange platform for themselves. This process will need research work about that chosen platform like its profile, history, credibility, etc., and things that benefit it will help your trading journey.

The next step is fairly simple which is trading account registration setup. Go to the selected Crypto Exchange Platform’s website or download their Android/iOS application (if they have any) for account creation. You would need your email address, and phone number along with a security password for that purpose.

After that, you would receive an email verification request to that address and ask for KYC details. Click on that verification email link to complete the KYC process. Set a password and you are ready for trading in the crypto market. Also, make sure to not lose any login credentials like account name or password as it might never get recovered.

You can learn more about various Crypto Exchange Platform types, and their work process from LBM Blockchain Solutions which is based in Mohali, India. We will help you decide which platform to get started with for crypto trading.

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NFT Token Development Company In India

NFTs are distinguished differently from the other digital currencies that are similar to others which makes them tradable for financial transactions. The used cases of NFT Token Development are numerous. For instance, digital-physical assets like artworks, games, and real estate. Since it can be transferred into the blockchain network, NFTs are decentralized, i.e, they can be used to get rid of any central intermediary or third-party middleman to connect the digital creators with the general public for managing identities. Thus it can eliminate any central entity to exhibit flawless transactions and create new marketplaces.

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The introduction of cryptocurrencies opens the door to corporate success. We have found that cryptocurrencies are a growth factor, especially in the IT industry. As a result, the industry has begun to work on core areas such as cryptocurrency exchange development and token development.

Recently, we have seen a surge in the development of cryptocurrency exchanges. Now we have found many exchanges doing business in the market. They offered cryptocurrency buying and selling and other services. In both cases, development companies take advantage of business opportunities by providing exchange development services. And LBM BLOCKCHAIN SOLUTIONS is the best crypto exchange development company in India  & worldwide has been serving this. 

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Make White Label Crypto Exchange

The world of cryptocurrency is increasing in popularity with more and more people switching to digital currencies as an opportunity to invest. The rapid surge in the traffic for NFTs (Non-Fungible Tokens) as a new source of revenue escalated the demand for Crypto Exchange Software. This caused several  White Label Crypto Exchange Development companies to emerge. 

Need for a reliable and robust Crypto Exchange Platform is necessary to trade digital currencies. It is the reason why many IT businesses have come forward to develop and deploy their exchange software to give a better trading experience.

Generally, it takes a lot of time, capital, resources, etc. for the crypto exchange development process, and accomplishing this challenge requires a creative approach. This is why the concept of White Label Cryptocurrency Exchange solution was introduced that offered greater benefits over any usual crypto exchange platform. 

Thereby, more and more businesses, startups or well-established, are investing in White Label Crypto Exchange Development. In this blog, we at LBM Blockchain Solutions will discuss the details of what is white label crypto exchange? What are the different types of crypto exchange platforms? And how white label exchange software is developed? But before that, you need to understand the basics of a typical crypto exchange, so let's dive in!

What Are Cryptocurrency Exchanges?

Cryptocurrency Exchanges are software platform that facilitates buying, selling, or trading of different cryptocurrencies. Unlike any other stock exchange where you trade financial instruments (stock, bonds, commodities, etc.) issued by the company, you purchase or sell digital crypto assets. These exchanges let the users trade their cryptocurrencies for other cryptocurrencies, and exchange traditional money for cryptocurrency or vice versa.

What Are White Label Cryptocurrency Exchanges?

White Label Crypto Exchange comparatively takes lesser time and energy to develop. It is a programming solution that barely involves any programming, which makes the development of a crypto trading platform simple and cheap. So you just need to sign in, customize it and step into the trading market.

Developing and deploying a crypto exchange platform from scratch could take months, and exchanges with robust trading options and features could even go on for years. White Label exchange solutions eliminate this issue and help you launch your crypto exchange in just a matter of days.

For example, LBM Blockchain Solutions has one of the best white label crypto exchange development solutions that use creative art technologies and advanced features. It is a successful tried and tested platform solution used by many leading exchange agencies.

Types of Crypto Exchange Platforms

Your first step to launching a white label crypto exchange is to decide what type of exchange platform you want out of the three that are described below. This will drastically impact the crypto asset’s mechanism and the way to store, liquidity, fiat currency (traditional currency/banknotes), money flow capacity, and transaction speed.

Centralized Exchange (CEX): Since this mechanism offers greater trading value and high liquidity as compared to the decentralized exchanges, approximately 99% of the cryptocurrency trades take place on Centralized Exchange (CEX). This system is quite similar to traditional exchanges, the process is controlled by one single operator and the trader buys and sells their deposited funds.

Decentralized Exchange (DEX): These platforms use smart contracts to make transactions instead of a central authority on DEX. They are mostly used by private individuals or big companies where the processes are executed by automatic algorithms. Plus, the traders don not required to deposit their assets over the exchange to allow trading.

Hybrid Exchange (HEX): These exchanges take the best from both CEX and DEX worlds. It doesn't have any centralized operator like in DEX and has faster transaction speeds and low latency like in CEX. Your information stays highly secured. The rapid surge in the users of digital currencies has caused cryptocurrency platforms to grow in numbers. Many global businesses are deciding to start their very own cryptocurrency exchange development ventures.

Steps To Develop White Label Crypto Exchange

You have two options if you are planning to develop your crypto exchange platform— either you go for building an exchange down from scratch or you choose the White Label solution, the choice is yours!

However, you must be aware of the fact that developing software from scratch involves a lot of difficulties and risks. Likewise, you would have to wait for a longer duration and spend a hefty amount for the complete execution of the project.

On the other hand, choosing a White Label development solution can make your business start much faster at a cheaper rate. You can get your business to run in a matter of weeks. It could be a wise decision to start your crypto exchange development in a decentralized manner. Here are some major steps that are involved to develop a white-label crypto exchange:

Choosing Your Business Needs

The first step is deciding the type of exchange where you will run your business. Thus, it must be a place where all opportunities could come together.

Accomplishing Legal Formalities

After deciding on the exchange comes the fulfillment of all legal formalities. The terms & regulations vary from one place to another, so please ensure that you satisfy all the legal formalities.

Choose Bank Partner

To take care of the fiat currency finances, you would need a banking partner. Likewise, choose a bank that you can rely on to provide digital services for your business growth.

Choose Liquidity Provider Exchange

It is a must to select a White Label Crypto Exchange that provides liquidity features. Thus, joining a liquidity-improving network is a smart move.

Make The Platform Live After Beta Testing Process

Your first task is to make the platform live soon after the completing beta testing process. The beta testing phase will bring out all the bugs and flaws present in the software and thus, will ensure that your exchange platform runs smoothly

Efficient Customer Support

You must be able to form an efficient customer support service team so that the users can directly contact you in case they face any technical difficulty. The customer support team will grow parallel with the regular development of your business.

Final Words

Since more and more cryptocurrency enthusiasts are joining this industry, many businesses from all around the world are coming forward to launch their in-house crypto exchange software. But since we have already discussed that building it from scratch is quite an overwhelming task, it's all up to you to decide whether you are ready to spend your valuable money and time on developing something from the beginning or choose an easier way, i.e White Label Crypto Exchange solution.

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Metaverse is considered the next biggest breakthrough that brings an immersive gaming experience to everyone. It lets people all over the globe participate by using the power of your system hardware and software.

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A Marketer’s Guide to the Future of Metaverse

Imagine a world without any rules or regulations, without any limits, where people can live, shop, work, play, and interact with others while sitting at home in the physical world. This virtual concept is called ‘Metaverse’. This term didn’t just come out of the blue, it was introduced in October 2021 by the CEO of Facebook, launched with the corporate name ‘Meta’.

The Metaverse is taken into account for being the next phase of the internet. This configures many forms like business meetings, and various online communities, including gaming where people can interact collaboratively through a digital facsimile (also called ‘avatar’) of their own choice.