How the Crypto Exchange Business is More Accessible With HollaEx
The cryptocurrency industry is constantly expanding and this means that more people are entering it than ever before. While many of these new market entrants are people who simply want to buy and sell tokens, more people are also entering the market to start their own crypto-focused businesses.
But how do you go about that? In most people’s minds, you have to be a coder or have some experience in blockchain development to get started. The good news is that you don’t have to have a lot of technical know-how to get started. This is because there is exchange software like HollaEx that can get you on track with a crypto business at the touch of a button.
The #HollaEx network is always getting bigger thanks to our consistent listing of new coins!
— HollaEx (@HollaEx) April 5, 2022
What is HollaEx?
HollaEx is an open-source exchange network platform that allows for a number of crypto-related transactions including the creation of a coin system, wallets, and exchange platforms for pricing and trading. With the influx of new tokens into the market and more people wanting to launch their own tokens, HollaEx is the ultimate white label crypto solution allowing you to rebrand and customize your own crypto exchange platform in an open-source environment.
Those who already have their own existing tokens can add them to the platform or start new tokens from scratch. By virtue of being an open-source platform, not much technical knowledge is needed. It is in a similar vein to how anyone can open a website using WordPress or Wix without any prior coding knowledge. Additionally, HollaEx users can create entire crypto businesses based on these tokens.
Once these coins are created, their owners can then create their own crypto exchange franchise. Similar to the way people can create e-commerce stores using platforms like Shopify and begin selling their products, people can also create cryptocurrency exchanges using HollaEx. Once these exchanges are created, they can list their tokens and trading pairs for sale. This way, anyone can use their exchanges to buy and sell tokens.
In many ways, HollaEx is shaking up the market by allowing people to reap the benefits of crypto exchange and token creation.
Why HollaEx is Beneficial
One of the first and most important things about HollaEx is the fact that it is one of a few open-source white-label exchange software on the market. There is a lot of white-label software on the market but an open-source one is a battle-tested and well-developed solution for crypto is the preferable choice for businesses seeking to break into the blockchain space. This is because potential bugs and issues can be addressed faster and there is a reduced cost for opting for such software.
These benefits are obvious to most consumers which is why open-source platforms such as Uniswap are so popular. When a customer opens a crypto exchange franchise or creates a token with HollaEx, they will have to ultimately pay less money by creating it themselves than they would if they hired a developer to make one completely from scratch.
For a crypto entrepreneur who is just starting out, keeping costs low is critical and this makes a platform like HollaEx very essential. After these coins are created, their owners can create better visibility for them via their own custom branded exchanges. Tokens that are publicly listed on exchanges are given an extra layer of credibility in the public eye.
It also means that those who are interested in buying into these tokens do so with ease. Their creators can easily control the supply of the tokens in the market and make sure that its sale is being done in an organized manner.
The Future of the Markets
The expansion of the crypto market inevitably means that more people will want to get into the business side of it. Options like HollaEx mean that people can successfully do this without having to worry about technical know-how. Being able to create tokens and launch exchange franchises means that talented crypto entrepreneurs will not be shut out of the market by barriers to entry and consumers can enjoy a wealth of benefits.