A journey to the parallel cryptoworld

Every day we do numerous things that we don’t even think much of: buy food, talk to our friends, drive to work, or surf the web. We use numerous services that help us complete these daily tasks and don’t really care about how they work. At the same time, new technologies slowly but steadily become an inherent part of this proverbial everyday life.

Lykke blog
Lykke
Published in
4 min readNov 26, 2018

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Blockchain technology is often said to be capable of changing the whole concept of how information is stored and shared globally. You may be surprised, but there’s already a whole bunch of projects employing this technology to provide their clients with basic everyday services but at a higher, somewhat unseen level — secure, immutable, and seamless. These projects usually issue their own cryptocurrencies that serve as a portal to this high tech and somewhat parallel reality.

So, let’s take a journey through this alternative cryptocurrency world where everyday services are built on blockchain technology!

You may be surprised, but even the most banal daily tasks have become the object of tokenization. Did you know that when buying groceries or accessories for your home you can now get rewarded with crypto tokens? One of the projects that offers such rewards and the option to exchange the unwanted retail tokens is Gatcoin. You can get rewards for your everyday shopping and then easily sell the unwanted tokens on the Gatcoin marketplace. Imagine buying the missing points that you need to get a reward from your favorite brand. Or selling the annoying marketing coupons to somebody who actually needs them. Yes, it’s all possible on such innovative platforms!

If after selling your rewards you’ve still got some spare money, in the cryptoworld, you have a wide range of options if you want to put your money to work again or transfer it to somebody. One of the services that you may find useful in this case is Airfox. It’s designed to provide the unbanked with access to the basic financial services: money transfer, airtime transfer micro loans, etc. You can even pay for your bills using its Airtoken! The service is still under development, and it has a limited number of partners. However, it has definite potential to improve how things are done currently in the near future.

One more option to put your crypto funds to good use is to HODL them. But is this a good idea considering the notorious volatility of most cryptocurrencies? Another promising blockchain project is trying to find an answer to this question by offering GLX: a stablecoin linked pegged to 15 Global Currencies and Gold. This project is Globcoin, it offers also other currency baskets on its platform. However, it is important not to confuse the GLX coin with the GCP; the latter is the coin issued as a utility token that gives access to the Globcoin platform. Confused? Learn more about them from Globcoin directly!

If you realize that you don’t want to hold your funds in crypto anymore, there are a lot of ways to withdraw them. Some crypto exchanges allow to withdraw fiat i.e traditional currency, but the fees may be discouraging. Another solution may be selling your crypto directly to other users. There are many services offering such a possibility. For example, Dether stands out as a service provider in this area and accepts various local currencies… It facilitates users by bringing together people or businesses who sell cryptocurrency locally and that accept local currencies. The system of verification and rating creates a network of reliable points of exchange. Dether has also its own token — DTH — which is tradable on crypto exchanges.

In the end, if you have used any of those services and want to share your experience with other potential users, there’s a smart way to do so by joining the Friendz network of P2P marketing! Friendz is a fast-growing company whose main goal is to connect brands with their target audience, taking advantage of the most powerful marketing tool ever: the word of mouth on social media. But why would you be interested in joining a marketing platform if “marketing” sounds almost like a curse word to you? Well here is the difference. In this case users get rewarded for quality content they generate about the brands that joined the platform. The network is steadily growing, promising to engage new brands and many more users around the world. So, if you like sharing your opinion and writing reviews, now you can be rewarded for an activity you enjoy.

Human imagination has no limits. More and more new and curious projects powered by blockchain technology emerge on the global market. The sharing economy is definitely something that will contribute to making our world a better place. All of these and many more promising projects that strive to make a difference have their tokens listed on Lykke Exchange. Lykke is an exchange based in Switzerland and famous for being committed to regulation compliance and having 0% trading fees.

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Lykke blog
Lykke
Editor for

leveraging the power of blockchain technology