Risks behind starting a crypto-project
Generally, the blockchain technologies were developing for decades, it took 11 years for Bitcoin to appear after the concept of blockchain was first discovered. Ethereum as a project is still updating and it hasn’t come to a final version yet. To make a full-featured project you have to repeat their way of business and spend years on development, safety, bug-fixes, and updates. But now you can build smart contracts and layer-2 solutions on Ethereum, without re-inventing a bicycle. What crypto project actually includes:
- Blockchain
- Smart-contracts
- Safety checks
- Key-value/problem solved
The first three are the longest part of making a crypto project. But as you can build smart-contracts based on Ethereum, you can build a project on already developed crypto architecture. It is called crypto gateways. Basically, using them you can skip the first three development parts and jump straight to adding the key value or problem-solving, which is more valuable on the market right now.
Possible shortcuts
As in non-crypto development, there are ways to use already working solutions, which are audited and show great performance. Those are crypto processing gateways. You could try 0xpay for your future or existing project — it’s the most recent release with the biggest features list. The process of integration with each update becomes faster and faster — not the API connection might take around 2 hours of simple coding. The best thing is that after integration of the crypto gateway you can add all features available, or choose only the needed ones.
What opportunities are opened with a crypto gateway
Chains integration:
0xpay gateway supports six blockchains: BTC, ETH, BSC, AVAX, MATIC, and TRON
This means you could operate the tokens inside your project or integrate any of these chains into your exchange, LP Farming, or staking in hours.
OTC Exchange:
Crypto processing solutions such as 0xpay offer to set up exchange infrastructure in order to give you an opportunity to seamlessly swap cryptocurrencies in your merchant account. Also, the OTC exchange feature gives you an opportunity to deploy a fast crypto exchange for your customers.
Wallet SDK:
Even mobile wallets for your project could be released as fast as possible, with a ready development kit. Let your customers perform essential operations with crypto with your own wallet released in a matter of days. Also, the advantage of using Wallet SDK from 0xpay is that you don’t need to think about nodes maintenance and keys management — everything is performed on the side of crypto processing.
A strong backer & access to partners
Usually, when users consider a project, they also look at the partners & backers section. At this point crypto processing allows you to shortcut this part too! 0xpay solution has partnered with HACKEN, AMLbot, Alchemy, NFTb, and Kwikstarter which might be useful not only to be presented in your partner’s section but also in terms of technical help.
Token Creation/Integration and ICO
If you want to set up your token and receive payments in it — you could easily create your own token together with 0xpay specialists and then receive payments in your native project’s tokens.
Are crypto processing solutions worth using them? (cheapest solution)
Let’s return to the beginning of the article — your own development from scratch may be a better option if you are building an outstanding project with your own reimagined and unique approach to the existing crypto instruments. Which will be costly, time-consuming, and complex itself. In other cases, if there are already working, fast and safe solutions, it might be more rational to use crypto gateways, in order to build an outstanding project in a matter of weeks instead months.
The solutions like 0xpay give you the freedom to be creative and skip the routine of reinventing the old and known features. It’s also worthy of mention, that 0xpay has the lowest fee on the market — pay as you go, just 0,4% per transaction. While you can focus on user experience and bringing something new to the cryptocurrency sphere.
The last question you might have — is how to use such solutions. The conditions are the simplest ever:
- To start integration you contact the manager of 0xpay and decide what features you need
- After the exact list of needed services is discussed, you will receive direct instructions and support from 0xpay team with integration
- The service fee is not charged — you pay 0,4–0,5% fee per transaction
- Maintenance is free and not charged additionally
