Ruskin Felix Consulting LLC partnered with Gofungibles (Metarun) and prepared a comprehensive valuation and tokenomics report alongwith their whitepaper documentation highlighting the business model and tokenomics which emphasizes on the initial revenue, transaction revenue, and NFT marketplace. The report sheds light on the financial viability of the project by analyzing the financial assumptions, cost variables, channels revenue computation, crypto projected valuation. The report is a detailed study of the primary game revenue projection, NFT marketplace revenue projection, cash flow analysis, and coin distribution plan.
Gaming Platform – The Goal is to create a virtual gaming realm where all users can play an interface-based game and buy and sell NFTs that they collect through their journey on the game. Key Features include:
A user can choose a can buy assets in the game through playing and will be paid to play the game through various modes and incentives.
He/she may choose to trade the NFTs amongst other users
The NFTs will also be available in-game and in the NFT marketplace of the company.
The NFT marketplace will be the key component of the game with the underlying transaction currency being the coin the company has issued. The modes of revenue will be primarily a blanket fee on the gross transaction value of GoFungibles.
The Key features of the NFT Market Place Include:
Assets/NFTs Trading features
Sale and purchase of levelups and other value adds for the related game
NFT auction and resale functionality
Specialized auctions with tie-ups with artists and creators
The NFT Marketplace will also include in game transactions for leveling up and getting assets in the game. The company will charge a fee on the platform on the gross transaction value.
The gaming based NFT Platform should thus be marketed as a community of enthusiastic gamers with a virtual reality and gaming-based experience by GoFungibles. The platform’s internal currency will also become prominent over a period due to the operations and usability of the Coin on the platform. The Goal will be to integrate with various exchanges and act as a community-based platform in the initial phase.
The firm’s overall value is expected to be $2.95 Billion by 2026, inclusive of the underlying Coin.
The business by GoFungibles does have the risk of imitation and replication by exchanges that are already active and thus, market share needs to be increased faster through marketing and brand integration strategies. The business has a substantially high IRR, but similar projects on the Cryptocurrency Universe are in line.
Ruskin Felix Consulting LLC partnered with Prometeo chain system to prepare a whitepaper which highlights the Prometeo and its ecosystem. The report also shed light on the market issues, overview and market analysis, marketing strategy and the PROM and ecosystem tokens. The report details the overall coin distribution and the tourism and logistics of the project. The report explains the financial services and the use of an alternative time certification system. The report explains the development strategy and roadmap along with a comparison of Prometeo with existing platforms. To understand the viability of the project, the report mentions the regulatory, technological, financial and industry risks involved.
The purpose creation of Prometeo is to create a technological environment, Prometeo it’s also looking at the environmental sphere thanks to its innovative Proof of Unity consensus gear, reducing waste in terms of hardware, raw materials and energy. As we have seen recently the environmental impact interest due to a growing attention from the regulators to reduce used energy in the blockchain mining, (some countries are planning to reduce the power supply to mining farms and discourage the creation of new ones).
Today, the world of blockchain is increasingly present within people’s lives. We have blockchains in business, in medical, health, insurance, banking, finance, and gaming. However, blockchains are still distant from our daily life. In many instances, the common user’s idea is that blockchain is just a tool for financial speculation to send electronic transactions. Prometeo Chain System mission is to change this paradigm and indeed bring blockchain and its infinite applications in real life.
The covid pandemic has not stopped the blockchain. On the contrary, the market has matured. The research of the Blockchain & Distributed Ledger Observatory in 2020, has detected indeed a slowdown, but this slowdown is mostly due to the phenomenon of new projects being announced to be dropped (almost 80%), despite the implementation of concrete projects that has instead recorded a growth of 59%.
The project set to be launched in 2022-23 with its own integrated blockchain offerings.
Ruskin Felix Consulting LLC partnered with the Dirty Secret Cats and prepared a whitepaper highlighting details of the DSC gaming platform. The report sheds light on the characters, features & Attributes, rarity, and the gameplay & design of the game. The report emphasizes on the concept, marketplace, membership club, DSC token, business model and the tokenomics. To understand the viability of Dirty Secret Cats, the report mentions a detailed launch plan and DSC roadmap.
The year is 2140 and the end of the world is here. Bitcoin has been fully mined and the humans have fully migrated to Mars. What’s left on Earth are the ruins of cities and the street cats who have begun to plan a war to control the 7 cities of the world. Some humans had predicted this and had planned for an NFT-based possession plan for these street cats. Each race has its own powers, and each NFT has its own attributes and strengths. The key to winning is the control of the 7 cities. This is the overall idea of Dirty Secret Cats.
The NFT Collection is staged in a post-apocalyptic world where the human civilization has moved to Mars and has entirely left earth. The stray cats left behind have now taken up arms and are now fighting for control over the earth. The collection will have an Initial set of 9999 cats. The focus of the NFT collection will also be to create a gaming community that will enhance the level of engagement of the NFT holders. The first stage of Dirty Secret Cats involves the launch of the primary NFT collection – Dirty Street Cats.
Dirty Secret Cats will be backed by the Dirty Street Cats NFT Collection and will have its minting fee and transactional fee as sources of revenue in addition to the in-game revenue post the launch of the game.
Digital Assets Sale – NFTs – The digital assets sale of all the NFT collections will be the initial form of revenue for Dirty Secret Cats. This will involve the Primary collections – Dirty Street Cats as well as the Secondary assets – Weapons, Skins, Powers etc.
NFT Minting Fee – NFT assets can also be created by developing and minting NFTs of Dirty Secret Cats. To mint these NFTs, the owners would need to expend a particular value of tokens that they earn through the gameplay. This will be referred to as the NFT minting fee for assets and upgrading fee for secondary assets.
Transaction Revenue – NFT Marketplace – All transactions through the DSC NFT marketplace (to be launched in Phase 2) will be charged with a set fee of 3% the transaction fee for Dirty Secret Cats. This value will then be put back into circulation through the liquidity pool or taken out of the overall token supply to manage the overall supply.
Ruskin Felix Consulting partnered with Wooths – on-demand private work booths to create a comprehensive business plan and strategy report by analyzing the project, global assessment, overall industry, total available market, serviceable available market, service obtainable market, product analysis, and understanding of the financial viability of the project by providing insights on cost assessment and the valuation metrics of Wooths.
Wooths helps you access work pods and meeting rooms that allow the working population to access quiet private workspaces on demand whenever they need it, all over the city: malls, hotels, coffee shops, metro stations and other convenient locations. They are completely soundproof pods and Wi-Fi enabled and available on an hourly basis. Wooths unlocks productivity throughout the city by unlocking workspaces that come in various formats depending on your need. The app allows you to book four types of workspaces: hot desks, meeting rooms, private offices, and smart work booths in spaces such as co-working, serviced offices, traditional offices, shopping centers, metro stations etc.
Wooths will partner with various businesses in the hospitality industry like cafes and hotels, which currently have only 30% occupancy due to COVID restrictions and lockdowns in various parts of the country. Other partners will be open in public places such as malls and parks, allowing customers to access work pods and hot desks in proximity to their houses. Metros and co-working companies will equally be important to Wooths’ business model.
The overall business model of utilizing free spaces across the commercial real estate to benefit from the new wave of work-from-home scenarios may play very well due to the lack of direct competitors in the field. However, the business is dependent on pricing, location and user experience and thus, those aspects should be taken care of while executing parts of the Wooths Project. Wooths should also focus on setting up the units in residential places to boost the average user rate per day across business models. Scalability is also an important factor. With most co-working spaces being utilized only 20-30% due to its high costs, low flexibility and distance from home factors, Wooths places itself as the best alternative for employees and freelancers across cities.
The valuation of Wooths is thus assessed at INR 482.83 Crores. At a 10% deviation range. The valuation range is between INR 434.55 Crores and INR 531.12 Crores. The total NPV of the FCFF for the Project is 35.38 Crores. IRR for the Project based on FCFF (Net Free Cash Flows) = 62.84%. IRR for the Project based on EBITDA (Net Earnings Excluding Capital Expenses) = 87.27%. The total Overall payback period as per the project metrics and projections is 4th Year. This is also the Year when Wooths will become Net Cash Flow positive with INR 13.25 Crores of Net Cash Inflow. The expected net cash burn will be INR 12.92 Crores, covered fully within 3 Years and 11 months. RFC believes the project will be very useful and will have great market potential post-COVID-19 in India.
Ruskin Felix Consulting LLC prepared a business strategy report while shedding light on the strategic alliance assessment of Entertainer and Advantage Plus. The Client Al-Zarooni Investments owns the Entertainer and was looking to partner with Advantage Plus for its foray into Group Club memberships. The report highlights the merger and the market analysis for Entertainer and Advantage plus. Through this report, RF Consulting has tried to highlight the advantages and key strengths of the merger. The financial viability of the project has also been assessed by understanding the cost analysis, comprehensive sensitivity analysis, and probability analysis. The report emphasizes on the inhouse development of the merger and lays down specific future opportunities. Through the recommendations, we have tried to provide an expert opinion and assessed the financial viability of the M&A and executed due diligence. The deal was executed completely in 2021 and was successfully implemented.
The Entertainer company has high brand value which can be utilized for expanding business as it’s a market leader in its main industry of providing group discounts coupons with network of hotels, F&B and leisure services. The company has about 75,000 active members and have existing database of 100,000 clients which it can be utilize for furthering the alliance product in the market. The overall strength in the GCC and UAE market is high, and the company can utilize existing strength levels to create awareness of the new product in the market it operates in. The company has surplus capabilities and will be able to put in the cost of marketing and sales that would be assessed for the new proposed product. With the company operating in its present space for many years, it has substantial links, network and value that can be vital to creating a new product and brand.
The overall economy of UAE and GCC has been growing however it has been relatively stagnant in the recent years and has lesser growth rate in its tourism traffic. However, the economy has grown steadily and looks to create events like the EXPO Dubai 2020 to boost its influence in Travel and tourism.
Based on the understanding on the business strategy, there are a few recommendations that are there for Entertainer and Advantage Plus. The potential for inhouse development is there for the Entertainer, but as per the predicted demand and initial market stance, we would advise Not to focus on the inhouse development as it runs a high risk and has only a 10-20% margin overall while in operation. The company should make an alliance with the Advantage plus, use synergies, market strength, existing clientele to gain market share. Using expertise and created algorithm and network of partners of Advantage Plus.
Analyzing the financial viability of the merger, there are a few assessments that we have made, based on the financial projections. We expect substantial value to be generated from operating jointly. However, even with that increased value, Advantage plus will clearly gain further value with time as it will be able to reduce its operating margin and increase the services based on the number of partners and average memberships. There is thus a great opportunity for the Entertainer to eve and acquire the company advantage plus. RFC also performed a deep assessment of competitors in the field like Privelee in UAE and Saudi Arabia
The alliance will be profitable for both companies The Entertainer and Advantage Plus as per our assessment of the overall market opportunity and cost projections.
Ruskin Felix Consulting LLC prepared a comprehensive feasibility study and strategy report based on the fractional ownership in real estate industry. We highlighted the product overview, product analysis, global outlook, regional outlook, value proposition and optimization, funding events, market sizing and the pricing market for the same. We focused on the feasibility of the project by building competitive advantages, providing insights on the gaps and opportunities that entail while undertaking the project. This report was aimed towards analyzing the viability of the fractional ownership company.
A percentage of an asset is owned as a fraction. Individual shareholders purchase fractional ownership shares in the asset, sharing usage rights, income sharing, priority access, and discounted rates with them. The use advantages fractional owners in real estate enjoy are on par with those of timeshare owners. For pricey assets like planes, sports automobiles, and vacation homes, fractional ownership is a frequent investment arrangement. The key distinction between timeshare and fractional ownership is that with fractional ownership, the investor owns a portion of the title as opposed to time-based units. In the case of fractional ownership, as the asset’s value rises, so do the value of the investment’s shares.
Solreva is the modern and affordable way to buy amazing properties in destination markets, without any of the challenges that comes along with homeownership. Solreva acquires elite homes in these destination markets which they then break up into eight real estate interests. Depending on how much time a customer wants to spend in that market and how much of a home they want to purchase from 50% to 12.5% of the property.
As a fractional ownership company, it is important to understand the average amount that people would be willing to invest when they think of purchasing a luxury second home. The average wealth of a person who is planning to invest into a luxury second home is approximately $55,00,000. The average income of an individual who is planning a purchase is around $6,03,000 and a luxury second home costs approximately $23,00,000.
Although the idea of fractional ownership may be relatively new in India, it will continue to be a significant part of real estate investing. Fractional investments have gained considerable popularity on international markets like those in the United States, Canada, China, Singapore, and Hong Kong. The ability for every generation of Indians to participate in and diversify their real estate, which was previously confined through the traditional path, and most did not have the financial wherewithal to do so, is made possible by the growing popularity of fractional ownership in the real estate market.
Ruskin Felix Consulting LLC prepared a comprehensive strategy formulation report focusing on the manuka honey pricing analysis. The report lays emphasis on the industry characteristics, fluctuations and future scope of the industry. The report analyzes the growth drivers, industry challenges, industry opportunities and business environmental analysis. This report also highlights the financial viability of the of the project by detailing the financial assessment, costing management, absorption costing, cost allocation and pricing and revenue computation. We aimed to help our client create a detailed pricing strategy and policy to ascertain the prices on a national, international and quality based pricing.
The honey is made from the nectar of the manuka tree and is only produced in Australia and New Zealand. The key active ingredient is methylglyoxal. This is an antibacterial organic compound that can be used for both medicine and everyday health benefits. Consumer’s changing lifestyle, rising health concerns, increasing healthcare costs, and growing preference for a fit and active lifestyle are the key factors driving the demand for the manuka honey.
Manuka honey is making a comeback in the wellness world, and for legitimate reason. It is high in vitamins, nutrients, amino acids, and minerals, all of which aid in skin protection and renewal. It’s utilized in lotions, gels, perfumes, foundations, and mascara, to mention a few applications. Furthermore, it has health benefits such as strengthening the immune system, avoiding oral infections, speeding up the healing process, and stimulating the respiratory system, all of which contribute to the demand. The rich flavor of Manuka honey, as well as its expanded uses as a table sugar substitute, are driving the market forward.
The manuka honey market in North America is expected to grow at the highest CAGR during the forecast period. Rapid growth in the snacking needs of children and the surge in the consumption of nutrient enriched food is fueling the growth of manuka honey market in North America. The market was valued at US$ 741.69 million in 2019 and is projected to reach US$ 1,238.15 million by 2028; it is expected to grow at a CAGR of 5.9% from 2020 to 2028.
The growth drivers for manuka honey are as follows:
Increase in number of health-conscious individuals worldwide.
Antibacterial properties.
Therapeutic properties.
Usage in beauty products.
Rise in e-commerce contributing to manuka honey sales.
Ruskin Felix Consulting LLC prepared a strategic plan for COVID-19 response by European Space Agency (ESA), while also assessing the strategies and the current scenario. The report lays emphasis on the current COVID-19 issue and assesses the duration of impact in the long-term and short-term. A clear understanding of the behavioral aspects and the global measures taken by other agencies is highlighted in the report. The response to the current COVID-19 situation and strategies post COVID-19 is highlighted in the report.
During the COVID-19 pandemic, all industries, worldwide, were striving to ameliorate the impact of the coronavirus pandemic. That was a particularly sensitive issue for the space activity industry, which must be proactive to safeguard the high value and influence it has on the world economy. The sector will continue to bear some significant consequences from this global crisis. Space science, its operations, missions, research practices, and so on are mostly conceived for face-to-face work. As an immediate consequence, confinement impedes efficient collaboration and forces engineers, scientists, and other personnel to work remotely. It is unprecedented for space agencies or sophisticated engineering organizations to work this way. There are security and privacy risks, as well as an ongoing process of troubleshooting that arises from a culture of face-to-face employment.
Given the COVID-19 situation, European Space Agency was forced to temporarily scale down and even stop some of its key operations and missions, the recent four-spacecraft Cluster mission, for example. This led to a real, pressing dilemma for the upper management of the ESA and other agencies. They have taken concrete measures to minimize risks to employees, but the question is whether the measures should continue as they are or if there are ways to improve the productivity of the agency. Under the unprecedented conditions, a research-based road map that outlines potential solutions and best practices could be especially helpful. The goal of this report is to highlight and address this issue for bringing efficiency and effectiveness into existing systems and procedures.
The aim of the whole strategy is not just to prevent damage to the operations of the agency in the present and from similar epidemics in the future, but also to create an environment to sustain growth, bring in innovation and designing and assembling machines and technology. Innovation should be at the forefront of the agency and should hold the main responsibility for taking ESA to the next level. A special cell should be created for design innovation, its strategic implementation, creating technologies to monitor them.
ESA should aim to become the agency of the future by bringing a higher sense of conviction in its operations and efficiency. The Digital etiquette of all stakeholders must be bettered to introduce more reliance and sustenance of operations during any collapse. A disaster management unit should be made to set up policies and procedures taking all aspects into account – Biohazard, Epidemics, Natural Disasters, etc. ESA should be the most prepared when it comes to its response against any odds and should have contingencies to guide itself through each storm.
By 2025, in a short span of 5 years, ESA should demonstrate successful project completions with proper integration of technology, additive manufacturing, A controlled use of AI, and partial virtual co-working.
Ruskin Felix Consulting LLC partnered with the Succulenty to prepare a game design document which highlights the game concept, game pillars, architecture, and gameplay elements. The report also analyzes the UI/UX of the game, the mechanics, the in-game environment and the core drivers for game mechanics. The report provides a clear understanding of the interface highlighting the key aspects of the game while providing an audience assessment, overview of the gaming industry and the key aspects in gaming. The report is also focused on crypto integration and coin management. It provides a clear understanding of blockchain development while highlighting a coin supply plan.
The game is an engagement-based gameplay with multiple modules for the community to interact and build further assets in the game through actions and engagements.
There are two primary modes in the game:
Adventure (Campaign) Mode
PVP Mode
There will also be a community module – Global which will enable players and participants (bystanders) to interact, build communities inside the game and visit other players assets within the globe.
The core concepts that the game is based on are:
Blockchain
Non-Fungible Tokens
Play-To-Earn
Primary Token
Staking
The priority for integrating with various exchanges is very high. The company should focus on integrating with as many exchange APIs as possible as that will limit the competitors and create a barrier to the entry of new entrants. This will also apply to fiat currency integrations based on the region of operations. The project will have in-platform conversion capacity with various Fiat currencies, stable coins. The Primary coin will also be listed on various exchanges, and markets for easy convertibility. These exchanges will also include exchanges like Uniswap, Coinswap, Binance, Coinbase etc. The Goal of the project will be to increase visibility and tradability to various exchanges, trading pairs and geographies.
The NFT marketplace will be integrated with the game as well as a complete web software to handle all in-game transactions. The primary use of the marketplace will be the following:
Buy, sell, trade and auctions for Primary Land Assets
Buy, sell, trade and auctions for Primary Succulenty Assets
Buy, sell, trade and auctions for Secondary Succulenty Assets
Ruskin Felix Consulting LLC partnered with Tiny Astro to prepare a comprehensive strategy report and a smart contract review. Tiny Astro’s team requested that Ruskin Felix Consulting LLC design a detailed renting and leasing mechanism for the platform as well as the review and audit of the Smart Contract. The report also highlights the financial viability of the of the project by laying emphasis on the cost variables, revenue computation, projected valuation of the crypto, NFT revenue projection, and cash flow analysis. The report also shed light on the coin distribution plan and the value based on the circulation of the coin.
Given the opportunity to review Tiny Astro Project’s smart contract source code, we in the report outline our systematic approach to evaluate potential security issues in the smart contract implementation, expose possible semantic inconsistencies between smart contract code and design document, and provide additional suggestions or recommendations for improvement. Our results show that the given version of smart contracts is ready to launch after resolving the mentioned issues, there are no critical or high issues found related to business logic, security or performance.
During the first phase of our audit, we studied the smart contract source code and ran our in-house static code analyzer through the Specific tool. The purpose here is to statically identify known coding bugs, and then manually verify (reject or confirm) issues reported by tool. We further manually review business logics, examine system operations, and place DeFi-related aspects under scrutiny to uncover possible pitfalls and/or bugs. We have so far identified that there are potential issues with severity of 0 Critical, 0 High, 0 Medium, and 2 Low. Overall, these smart contracts are well- designed and engineered.
In this audit, we thoroughly analyzed Tiny Astro Smart Contract. The current code base is well organized but there are promptly some low-level issues found in the first phase of Smart Contract Audit. Meanwhile, we need to emphasize that smart contracts are still in an early, but exciting stage of development.
Tiny Astro NFT based SaaS platform should thus be marketed as a community of enthusiastic NFT holders who need automated services for NFT collections. There should be tiers for difference value additions. The company should also look at raising the funds based on the overall valuations and cash flow projections. A key aspect of the project is the supply management, and the company should use the logic to create an automated BOT to manage the prices of the token. Tiny Astro smart contracts were also successfully reviewed, and the various errors diagnosed and highlighted should be corrected by the development team. The firm’s overall value is expected to be $197 Million by 2027, inclusive of the underlying Coin. The business does have the risk of imitation and replication by other already active platforms. Thus, market share needs to be increased faster through marketing and brand integration strategies. The business has a substantially high IRR (312%), but similar projects on the Cryptocurrency Universe are in line due to the initial capital raised through NFT based asset sale.
A Cloud Kitchen is also known as a ghost kitchen, virtual kitchens, commissary kitchens, or dark kitchen uses a commercial kitchen with no dining customers to prepare food only to be supplied or taken away.
Restaurants may extend the current restaurant or launch the virtual brand at a minimum cost via the cloud kitchens. This allows restaurants to scale, explore new markets, or test new ideas. Many restaurants use cloud kitchens for the testing of new concepts and optimize their staff and inventory.
The restaurant owners use their own staff and produce, but a third party owns room and equipment. Several companies may use the common kitchen area to plan dining at home without a restaurant overhead.
A dedicated cloud kitchen space model is the space that a brand rents (or buys) for its own use only. You can choose to use one or more different ideas at the site, but other brands do not.
Cloud kitchens may be used to launch a whole new enterprise or model, often known as virtual or virtual brands. A virtual brand operates in an existing kitchen which allows the company without heavy investments to test new concepts.
There are different kinds of business models in the cloud kitchen.
Cloud Kitchen Models
Standalone/Single Brand Cloud Kitchens
A standalone/single brand cloud kitchen has a consistent theme and design. It usually serves 1-2 cuisines and has a limited menu of 10-15 items. A typical standalone cloud kitchen is around 300 square feet in size.
Virtual Restaurants
A virtual restaurant is a brand that exists inside a physical restaurant. These brands are only available via online food aggregators and use the existing restaurant’s kitchen infrastructure and services but under a different brand name. The virtual brand has a different menu than the main restaurant and can be a great way to try out a new cuisine that is very different from what the existing restaurant is known for.
Multi-brand Cloud Kitchens
The cloud kitchen business model allows restaurateurs to launch several brands while also providing simple avenues for business expansion. A multi-brand cloud kitchen is a vast kitchen system from which several brands of the same organization can work, all while utilizing the same equipment and resources. These are cuisine-specific brands, each satisfying a consumer need and appealing to a different Target Group.
The multi-brand cloud kitchen model allows businesses to appeal to a broader audience while still selling more to current customers. Furthermore, numerous listings on aggregators provide the business with greater audience penetration, allowing them to attract a larger consumer base.
Co-working Kitchen Spaces
A co-working cloud kitchen room, also known as shared kitchen space, commissary kitchen, and so on, is a vast kitchen infrastructure that multiple restaurant brands can rent, occupy, and operate from. Individual kitchen units for each brand are installed in these kitchen spaces, along with the requisite equipment and utilities. These kitchens, once again, are strategically located in areas with high customer demand, especially for specific cuisines.
Aggregator Managed Cloud Kitchens
Aggregator cloud kitchens run by online food aggregators are known as aggregator cloud kitchens. The aggregators invite their top restaurant partners to cook food from these kitchen spaces for delivery-only customers.
Swiggy and Zomato, two major players in the Indian food delivery market, have both dabbled in the cloud kitchen sector with this form of cloud kitchen business model.
Zomato Infrastructure Services was introduced in 2018 to provide restaurant brands with the infrastructure and utilities they need to operate their businesses. While ZIS closed its doors following the failure of its pilot kitchen in Dwarka, the concept of co-working kitchen space has gained traction in the industry and has been adopted by several other players.
Swiggy, the other online food ordering giant, launched Swiggy Access, which allows partner restaurants to set up shop in co-working kitchen spaces. Swiggy Access is now available throughout the country, with plans to add new restaurants in over 30 cities by 2020. Swiggy Access also serves as a home for Swiggy’s private labels The Bowl Company and Homely, which operate on the same infrastructure as the other brands. The company currently has over 600 kitchens, including both private brands and Access kitchens.
Operator Managed Cloud Kitchens
The kitchen operator manages the activities of current or upcoming restaurant brands in an operator-managed cloud kitchen. The brands are classified separately on online food aggregators and can accept orders via the cloud kitchen operator’s central food ordering website/mobile app or call center. The operator handles all operations, from accepting the order online and planning it to delivering it through third-party logistics.
Operator-managed cloud kitchens are like virtual franchising models and one of the most effective ways to grow the cloud kitchen market.
Biryani Blues, a famous biryani chain, has begun operations in Dubai through a partnership with cloud kitchen operator Kitopi. Biryani Blues currently has three locations with Kitopi and operates on a revenue-sharing basis.
Here’s an in-depth look at the various styles of cloud kitchen business models, how they work, whom they’re ideally suited for, and more.
15 Factors to consider before opening a Cloud Kitchen
CAPITAL /BUDGETING
It’s time to build a business plan for your cloud kitchen in a Microsoft Word document or a PowerPoint presentation. This business plan will lay out everything you need to know to start a cloud kitchen. It will reduce the likelihood of overlooking important information. Your talents, weaknesses, opportunities, obstacles, and threats will all be present.
A business plan’s major components include capital expenditure, furniture, ingredients, human resources, place, city, costs, licenses, certificates, bank accounts, utensils, equipment, cutlery, and so on. Putting it in black and white would aid in the methodical execution of all steps. Write down all your thoughts and review them for the positive feedback. A productive dialogue can help in mitigating the risks associated with launching a cloud kitchen.
REGISTRATION/ LICENSES
Food Safety and Standard Licenses
Foodservice licenses are provided by your state health department. The health department may also require an in-person visit to obtain your restaurant food service license. They’ll make sure you’re following restaurant food safety requirements and will return to check in regularly. The procedure for obtaining a food service license is straightforward: simply apply online with the name and location of your restaurant.
Sales Tax/VAT/GST
In certain states, a sales tax license is also known as a sales tax permit or registration. It is an arrangement with the state tax office to collect and remit sales tax on goods sold by your company. For a sales tax license, you must collect state and local sales taxes in the state that issued the license and remit the money to the appropriate state or local taxing authority. If you form a sales tax nexus, or bond, with a state that collects sales tax, you must obtain this authorization.
Trade License
Any company, including the cloud kitchen, will need a trade license. This can be achieved by submitting the appropriate paperwork to the local municipal office. Aside from the expense, we could need some additional funds to complete the job. It is a one-time task and a form of legal action.
Fire and Safety License
While it is not necessary to begin with, it is a good idea to save yourself from potential problems. This is required by statute, and fire and human health agreements are required in every workplace.
Trademark registration
It is also essential for the cloud kitchen company because the concept does not enable the consumer to intervene, so the business’s brand name is the customer’s HERO. To protect the brand, the company owner must file trademark applications for the logo, name, and wordmark consisting of various colors and patterns to establish a distinct identity on the market
LOCATION & PROPERTY
Even though the rents are lower in the case of a cloud kitchen, the place and property must be selected with severe caution to succeed. The cloud kitchen can be placed in an obscure location and does not require a lot of foot traffic or visibility. Within a 300 Sq. Ft location, you can easily run a single brand or standalone cloud kitchen. It should, however, be in a region where there is a strong demand for the food you plan to sell.
One important thing to keep in mind while choosing a location is to decide the kind of food you will be selling. if it will fast casual or full-blown meals. Depending on your menu choosing a location closer to a residential or commercial area will be crucial.
KITCHEN EQUIPMENT
The cost of establishing a kitchen depends on the kitchen and food that you sell.
You will save a lot of money if you spend wisely on equipment by purchasing new electronic goods and used equipment such as tables, racks, and storage shelves. The cost can rise due to the use of heavy equipment such as a chimney, deep refrigerators, and burners. If you want to run several brands from the same kitchen, you can use the same kitchen equipment and services for all of them. This will help you save money on supplies. Here is a list of Kitchen equipment you want to consider buying:
Exhaust Hood
Counters
Commercial Reach-In Refrigerators and freezers
Cooking Range
Oven
Commercial Fryer
Sinks
Fire suppression system
Cutting Surfaces
Shelves
Dishwasher
Kitchen Planning
Start kitchen preparation with the menu, since the kitchen has everything you need to prepare the finished dishes from your menu. The trick is to make use of space. If you plan to work in multi-brand kitchens, you can plan various parts of different dishes. Choose the right contractor with the most reliable civil and electrical engineering expertise for storage, drying, exhaust and ventilation preparation before starting your cloud kitchen. Choose clean, high-quality steel kitchen equipment. There are different types of Kitchen Layouts and you can choose the one that fits your menu the best:
Assembly line
This style of layout is common in fast-food restaurants such as Subway and McDonald’s because it allows repeatedly creating the same type of food dish. The assembly line layout features a central row that begins with food preparation and finishes with a finished item that is ready to be served. Typically, the point of service is customer-facing. The assembly line layout is suitable for fast food franchises that have a small menu and use a similar food preparation process. It enables consumers to personalize their meals right in front of their eyes.
Zone type
This layout is perfect for large activity areas such as a hotel, restaurant, event catering kitchen, and so on, with a varied food menu and a large staff. The concept behind this design is to divide and lead. Instead of a single head chef overseeing the entire kitchen, this style of kitchen is a symphony of several specialist chefs creating a varied menu from start to finish in a single kitchen. This configuration necessitates a significant amount of room and personnel for the kitchen to run smoothly.
Island style
The island-style kitchen layout begins with a ring layout, with a cooking station in the middle, like an island. Storage cabinets, food prep counters, and the cleaning area are situated along the perimeter, with the cooking equipment in the middle. This layout works best in a square area with plenty of room around the island to allow for smooth movement. With this type of layout, the kitchen chef can easily communicate with and order his or her staff. It ensures that the kitchen runs smoothly.
Galley Layout
This design is suitable for small spaces such as food trucks or small kitchens. All the equipment and workstations are located along the perimeter, i.e. along the walls, in this configuration. The open space in the center allows kitchen workers to move freely while also making it easier to work at several stations. This layout is built around the workflow to help you serve a greater number of customers in the shortest amount of time.
STAFF
Anything can be accomplished alone but working as part of a team makes the process easier. Often begin a cloud kitchen with a team to execute it or, at the very least, a consultant. You may or may not make them your business partners, but their assistance is needed to keep things on track. Time is more critical in the cloud kitchen market because hungry people do not wait. The participation of team members aids in making the right decisions through meetings and discussions.
The workload is often divided and distributed to all participants based on their specializations. A team’s sense of duty and enthusiasm is palpable. A person can lack the zeal to continue working after launching a cloud kitchen, but other team members may inspire. They continue to work and expand.
POINT OF SALE TECHNOLOGY
The entire online food ordering and distribution system is highly reliant on food order acceptance. It is also important to keep track of the number of orders received from different online ordering platforms. Order tracking and accurate monitoring are critical for restaurants to run smoothly. Choose a POS that has been tailored to the needs of the online shopping website.
MANAGING SUPPLIERS
Obtaining the highest quality raw materials is the first step in providing the best food experience. Since food is the only selling point in a delivery-only restaurant, it must be of the highest quality. Choosing the right provider is critical for handling raw material supply.
When you’re running multiple brands from a single kitchen and sourcing products from a variety of vendors, proper vendor management becomes much more important. As a result, be careful with your vendor selection and ensure that the meals are prepared from only the best quality raw materials.
MANAGING INVENTORY
The most difficult task of running a cloud kitchen is thought to be managing the inventory. That isn’t correct. Yes, having several labels under one roof can make inventory management a little tedious, but by creating a system of checks and numbers, you can handle it with ease. With the help of a smart POS device, you can easily handle the stock and inventory requirements of multiple brands. From a single dashboard, you will be able to view and monitor each brand’s daily stock consumption and requirements.
You can easily handle the purchasing of stock products for each brand by raising Purchase Orders based on the requirements.
MENU PLANNING
This will be the most fascinating move because it is all about the delectable dishes that will soon dominate the hearts of the people in town. Please select the dishes that are most popular with the people. Consider first idea positioning in the minds of the target market, taste preferences, age dynamics, region availability, recipe development process, costing SOP’s, flavors and combinations, home delivery packaging, and so on.
PACKAGING
A ghost kitchen’s selling point is food delivery to the customer’s entrance. Packaging is an essential aspect of food distribution. The content, design, consistency, and handling of packaging all play an important role in communicating your brand values to customers. Packaging is important in the food distribution industry because it preserves food quality, avoids product spilling or leakage, reduces food waste, and communicates brand messaging to consumers.
In today’s food distribution industry, the packaging is about more than just practicality; it’s also about having a strategic edge over other competitors. In addition to delivery-only restaurants, QSRs and other restaurant formats are innovating their packaging requirements to differentiate themselves. Cloud kitchen operators are putting more thought and effort into choosing the appropriate container and packaging materials. Famous brands such as Faasos and Box8 use food-grade plastic containers with recyclable, microwave-safe lid wraps to ensure proper presentation.
BRANDING & DESIGNING
To define a brand strategy, the company should first define its restaurant concept’s “best-at,” in terms of food offering. “Best-at” is the one thing a company provides better than any other competitor. It is now time to begin designing. It will include logo design, staff uniform design, cutlery, and crockery design, food package design, menu design, and so on. Memorization is aided using audio-visual techniques. Creating one-of-a-kind visuals would leave a lasting impression and ensure brand awareness. Creates taglines and advertising messages, as well as guarantees four elements:
Loyalty
Credibility
Recognition
Consistency
Your company’s branding can be enhanced by the use of a logo. Taglines can help to build a picture. Using them on all related items will help it stick in people’s minds.
MARKETING PLAN
If properly developed, a marketing strategy may be the key to success. Make use of photographs of food products that you have prepared. In the retail sector, the concept of ‘‘whatever is seen, is sold” may be applied to the cloud kitchen market as an added benefit. If people are drawn to images of food, they may be tempted to eat them as well. As a result, the marketing strategy must include enough images with relevant taglines.
When launching a cloud kitchen, experiment with various ways to place the brand. For example, dry snacks can be marketed to be eaten at any time of day. This would increase their consumption and, as a result, their benefit levels.
Cloud kitchens benefit greatly from online marketing. The first step is to register your restaurant on restaurant listing and review sites such as Zomato, TripAdvisor, Burrp, and others, and to encourage positive feedback from your regulars. You may also advertise exclusive sales and promotions on Facebook. Budgeting is an important aspect when it comes to creating a marketing plan and specific amounts should be allocated to different marketing avenues depending on your target market.
CHOOSING PLATFORM FOR SALE
Online food aggregators are the most popular source for generating orders since they already have the desired target audience. You must get your cloud kitchen business listed on all the food ordering platforms as they become an additional sales source.
Apart from accepting orders from online food aggregators, you can also have an online-ordering enabled website. The website must be optimized so that customers can easily navigate through the website and place their orders.
Value Proposition for customer and partners if you choose an aggregator:
A customer’s value is determined by time, resources, and confidence.
TIME: Let’s face it, jumping from site to site and comparing rates will take a long time. Customers benefit from aggregator business models because they save time. This not only shortens the search time but also provides the user with an immediate and often customized list of comparable products/services to compare.
EASY USE: It would also be difficult to collate and make sense of all that data. You will need to make tables with features and prices. Aggregators assist consumers in making decisions based on their preferences by using reference tables and filters. As a result, making choices becomes simpler.
TRUST: Aggregators also aggregate ratings from a large number of users or have their rating systems. This offers a wide pool of feedback and assists the consumer in selecting a reliable product or service.
CASH: Customers get the best price vs quality assurance or the best good/supplier for their budget by comparing prices around the market and matching it with feedback.
Partners’ Value Proposition
Partners profit from the ability to acquire consumers without incurring marketing costs. Since most marketing efforts focus on attracting a small number of consumers who then make a purchase, the cost per acquisition is often high.
There are also expenses associated with all of the operations associated with the processes and personnel required to sell a product or service.
HYGIENE MANAGEMENT
The most difficult task in the cloud kitchen industry is preserving hygiene after launching a cloud kitchen. There must be dedicated personnel to clean the platform, the board, the utensils, and everything else regularly. In peak season or while receiving orders continuously, the platform must be cleaned every 15 minutes. It would aid in the prevention of diseases among employees and customers, as well as the prevention of mismanagement. It would also boost the morale of those who work there.
As a result, their productivity will increase. Until you start a cloud kitchen, make up your mind and be determined about hygiene because this is the most difficult challenge in the cloud kitchen market.
Our firm here at RFC work with you closely to help you open your cloud kitchen around the globe. Get in touch with us to discuss how you can open your own cloud kitchen today.
Are you curious about trading crypto currencies like Ethereum or Bitcoin? If so, before picking an exchange or trading site, it’s a smart idea to find as much digital currency details as you can.
This guide discusses what determines digital asset prices and how to start trading cryptocurrencies. We will also send you our tips on where to buy and sell digital coins.
WHAT IS CRYPTOCURRENCY?
Cryptocurrencies are currencies that are digital. They are developed to process transactions and generate new “coins” using digital cryptography.
Since they are decentralized, crypto-currencies like Bitcoin are common. In other words, access to the money isn’t regulated by banks and governments. In comparison, states and banks are more readily manipulated by fiat currencies.
There are thousands of alternatives to Bitcoin called Altcoins. Cryptocurrencies such as Ethereum and Ripple have improved on the initial model of Bitcoin or created differences to promote niche applications of their currencies.
OVERALL CRYTPOCURRENCY CONCEPT
A cryptocurrency is a cryptography-secured digital or virtual currency, which makes it virtually difficult to clone or double-spend. Most cryptocurrencies are decentralized networks built on a public database enforced by a disparate computing network based on blockchain technologies. A distinguishing trait of cryptocurrencies is that every central authority normally does not issue them, making them potentially immune to political intervention or exploitation.
Cryptocurrencies are platforms that allow encrypted online payments that are denominated in terms of virtual “tokens,” which are represented within the system by ledger entries. “Crypto” refers to the numerous encryption algorithms and cryptographic methods, such as elliptical curve encryption, public-private key pairs, and hashing functions, which secure these entries.
BLOCKCHAIN TECHNOLOGY
Blockchain is a data recording mechanism that makes it hard or difficult to alter, hack, or cheat the system.
It seems difficult to use Blockchain, and it can certainly be, but its basic principle is actually very plain. A blockchain is a database form. It helps to first understand what a ledger really is in order to be able to understand the blockchain.
A database is a compilation of information which is stored on a computer server electronically. Data, or data, is usually arranged in table format in databases to make it easy to search and filter for relevant information
WHAT IS THE DIFFERENCE WITH ANYONE USING A SPREADSHEET RATHER THAN A DATABASE TO STORE INFORMATION?
Spreadsheets are structured to store and view restricted volumes of information for one person, or a specific number of individuals. A database, on the other hand, is structured to hold considerably greater volumes of information that any number of people can view, filter, and manipulate efficiently and conveniently at once.
Through housing data on servers that are constructed of powerful processors, massive databases accomplish this. In order to provide the processing power and storage space required for multiple people to access the database concurrently, these servers may often be created using hundreds or thousands of machines. Although any number of entities can access a spreadsheet or directory, it is mostly controlled by a corporation and operated by an appointed person who has full control over how it operates and the data inside it.
WHY IS THERE SO MUCH HYPE AROUND BLOCKCHAIN TECHNOLOGY?
In the past, there were several attempts to raise digital capital, but they have all failed.
Trust is the prevailing issue. When someone makes a new currency called the X dollar, how do we believe they’re not going to send a million X dollars to themselves, or take the X dollars for themselves?
By using a special kind of database called a blockchain, Bitcoin was developed to solve this issue. Most normal databases have someone in control, such as a SQL database, who can alter the entries (e.g. giving themselves a million X dollars). Blockchain is distinct since no one is in charge; it is managed by the individuals who use it. Moreover, bitcoins can not be faked, hacked or double spent, meaning that persons who own this money can expect it to have some value.
TYPE OF CRYPTOCURRENCIES
Bitcoin, which now remains the most popular and most expensive, was the first blockchain-based cryptocurrency. Currently, with diverse functions and configurations, there are thousands of alternative cryptocurrencies. Some of these are Bitcoin clones or forks, and others are new currencies that have been constructed from scratch.
In 2009, Bitcoin was introduced by a person or collective known by the username “Satoshi Nakamoto.” As of Nov. 2019, with a combined market cap of approximately $146 billion, there were over 18 million bitcoins in circulation. Litecoin, Peercoin, and Namecoin, as well as Ethereum, Cardano, and EOS, include some of the rival cryptocurrencies spawned by the rise of Bitcoin, recognized as ‘altcoins.’ Today, the combined valuation of all existing cryptocurrencies is reportedly around $214 billion, reflecting more than 68 percent of the overall value of Bitcoin.
The Top 10 crypto currencies and their current prices are as follows:
The encryption and confidence problems are compensated for by Blockchain technologies in many respects. Next, there is still linear and chronological placement of new blocks. That is, they are often attached to the blockchain’s’ top’. “When you look at the blockchain of Bitcoin, you can find that each block has a location on the chain, called a “height.” As of November 2020, the height of the block has so far reached 656,197 blocks.
It is very unlikely to go back and modify the contents of the block after a block has been added to the end of the blockchain, until the majority has formed an agreement to do so. That’s because, along with the hash of the block before it, as well as the previously stated time stamp, each block contains its own hash. A math feature that transforms digital knowledge into a string of numbers and letters produces hash codes. The hash code also adjusts whether the information is edited in some way.
This is why protection is critical. Let’s presume a hacker tries to change the blockchain and snatch everyone else’s Bitcoin. It would no longer comply with someone else’s copy if they were to change their own single copy. They will see this particular copy stand out as everyone else cross-references their copies to each other, and that the hacker’s version of the chain would be thrown aside as unconstitutional.
To succeed in such a hack, it would enable the hacker to manipulate and change 51 percent of the blockchain copies concurrently so that their current copy becomes the majority copy and thus the agreed-upon chain. Such an attack would also take a large amount of capital and effort, since all the blocks would have to be redone because they would now have separate timestamps and hash codes.
The expense of pulling off such a task will obviously be insurmountable because of the scale of Bitcoin’s network and how quickly it is increasing. This will not only be incredibly costly, but it would definitely be fruitless as well. It would not go unnoticed to do such a thing, as network members would see such dramatic changes to the blockchain. Then the participants of the network will fork over to a different iteration of the chain that was not affected.
This will cause the targeted Bitcoin version to fall in value, rendering the attack essentially futile as a meaningless commodity is owned by the bad actor. If a malicious actor were to target the latest Bitcoin fork, the same will happen. It is designed this way so that it is much more politically incentivized to engage in the network than to strike it.
BITCOIN VERSUS BLOCKCHAIN
The purpose of the blockchain is to allow, but not edit, the storage and dissemination of digital content. Stuart Haber and W. first outlined blockchain technology in 1991. Scott Stornetta, two researchers who decided to introduce a method where it was not possible to tamper with paper timestamps. But it wasn’t until almost two decades later, in January 2009, when Bitcoin was introduced, that the blockchain saw the first real-world use.
There are already a broad number of blockchain-based initiatives aiming to incorporate blockchain in areas other than simply tracking transactions to support society. One clear example is that blockchain is being used in democratic elections as a means to vote. The existence of the immutability of the blockchain suggests that it would be much more difficult to generate illegal voting.
A voting scheme, for instance, might function so that a single cryptocurrency or token would be given to each resident of a country. A special wallet address would then be given to each candidate, and the electors would transfer their token or crypto to the address of whichever candidate they wish to vote for. The open and traceable design of the blockchain would reduce the need for the counting of human votes and the potential of bad actors to alter physical ballots.
HOW TO TRADE IN CRYPTOCURRENCIES - PAXFUL.COM
The best platform to trade in cryptocurrencies is Paxful.com. Paxful is a forum designed to provide a stable and easy trading system for cryptocurrencies. It serves as a peer-to-peer resource that is close to how trading is supported by Ebay. So, you can shop something more exciting than daily items here. Hey! Bitcoins!
Paxful is based in the USA and was founded in 2015. This marketplace’s concept was to allow sellers and buyers to connect easily after finding trade offers. Paxful, in a nutshell, is an intermediary between merchants and a room where individuals can connect.
HOW PAXFUL WORKS?
Paxful has a straightforward website which provides customers with a broad range of trading and payment options. Credit-debit cards, MoneyGram, PayPal, and Skrill are among those choices. With the help of gift cards such as iTunes or Amazon, users are also welcome to make purchases.
It’s so easy to use Paxful that it won’t make you any issues. Just open their website, pick the number of coins you want to get, and mention your local currency, all you need. Build your personal account and you will have a chance to browse for sellers that are available. Quest types cover ways of payment and currency number. Users can pick the most lucrative orders, display the sellers available, payment methods approved, order numbers, and rates. Before finding your order, don’t forget to verify the seller’s reviews to ensure that he is accurate enough.
Only press the “Buy” button when you have found a successful choice for you. Pick the number of coins you would like to buy and make an order. You should take advantage of an escrow service and a chat option from this to meet your seller face to face and negotiate the offer in depth.
Click on “Mark as paid” until the sale is completed and payment is made, and wait for a while before the seller sends coins to your personal wallet.
Pros
At Paxful, an incredibly large variety of payment methods are available.
2-factor authentication safeguards wallets and guarantees your protection.
Sellers are all available to view credibility scores depending on their activity, trading experience and customer feedback.
An escrow service retains funds until both sides agree that a contract is completed. This protects cheaters from dealers and customers and keeps the purchases seamless.
Paxful’s customer service is swift and reacts via a number of choices, including email, web, message system, and social media.
Cons
There are concerns that anyone may seek to trick you, including the fact that Paxful functions as a peer-to-peer network. Be careful and never contact with distributors through email, SMS or any other means. Paxful’s website only covers you when, via the message box, you contact other people.
Before you confirm the offer, make sure to review the price and commission. Depending on the payment method you use, rates can differ significantly.
Paxful is an easy and common way for cryptocurrency community members to exchange bitcoins and remains a lucrative choice. For new and seasoned buyers, this could be a successful choice, as it makes the process quick and clear. The platform thus serves as a mediator between sellers and buyers, but before making an offer, you need to be attentive and review sellers.
Step #1: Overlay the Bitcoin chart with the Ethereum chart and the OVB indicator.
Basically, the map configuration should have 3 screens. One for the map of Bitcoin and the second one for the chart of Ethereum. Last but not least, build one OVB indicator window.
Step #2: Look for Smart Money Divergence between Bitcoin price and Ethereum price.
With this, what do we mean?
Simply put, we’re going to look for price differences in the price of Bitcoin and Ethereum. If one cryptocurrency fails to validate the other cryptocurrency’s behavior, smart cash divergence exists.
For instance, we have smart money divergence if Ethereum price breaks above a big resistance or a swing high and Bitcoin fail to do the same. It means that “lying” is one of the two cryptocurrencies. This is the key reason why we have used this technique for trading cryptocurrencies. And even the Ethereum trading technique.
The explanation why the idea of smart money divergence works is that when we’re on a trend, the cryptocurrency industry as a whole should shift in the same direction. For decades, the same rules have been applicable for all the other big asset groups. It’s also true for the exchange policy of cryptocurrencies.
We need confirmation from the OBV predictor before purchasing. This takes us to the next level on the right technique for Bitcoin investing.
Step #3: Look for the OVB to increase in the direction of the trend.
If Bitcoin lags behind the Ethereum price, it suggests that Bitcoin can obey Ethereum sooner or later and break above the resistance.
Still, how are we going to know that?
The OBV is, to put it simply, a remarkable scientific predictor. It will show us whether real money actually buys Bitcoin or sells it. What we want to see when Bitcoin is struggling to break over a resistance level or a swing high, and the Ethereum already split, is for the OBV to rise in the direction of the trend. We still want it to go above the level it was when Bitcoin traded at this resistance level earlier. Here is how the right swing can be found to raise your benefit. Now, all it remains for us to do is to position our buy limit order, which takes us to the next phase of the right Bitcoin trading strategy.
Step #4: Place A Buy Limit Order at the resistance level in an attempt to catch the possible breakout.
Once we are given the green signal by the OBV indicator, all we have to do is place a purchasing cap order. Place the order in expectation of the potential breakout at the resistance stage.
It’s no surprise to see this exchange sparked and to break higher than expected for the price of Bitcoin. We told you, after all, that the OBV is an awesome predictor.
Now, what we need to decide is where to put our defensive stop loss for the right Bitcoin trading plan and when to take money.
Step #5: Place your SL below the breakout candle and take profit once the OBV reaches 105,000.
It is a good way to trade to put the stop loss below the breakout candle. In our most recent article here: Breakout Trading Technique Used by Experienced Traders, we have written more about the reasons for covering your SL above/ below the breakout candle.
Typically an OBV reading above 105,000 is an intense reading that indicates at least a pause in the pattern when it comes to our taking benefit. This is where we expect money to be made.
WAYS TO ENHANCE THIS BITCOIN DAY TRADING STRATEGY
Though Bitcoin trading day has certain risks, there are several ways to reduce these risks.
Here are some of the top ways to boost your trading plan for Bitcoin.
Know that:
Diversify the purchases. It would help decrease the everyday risk associated with a single coin by integrating Bitcoin, Ripple, Litecoin, Ethereum, and other cryptocurrencies.
Minimize expenditures for trading. Every day, opening multiple places impacts the daily ROI. Choose a reputable exchange that has low fees to minimize the risk of trading.
Watch Times Dealing. Map ahead hours for trading that are consistent with your timetable. 24 hours a day, Bitcoin trades. It’s different from the NYSE 9-5s.
Track the news on Bitcoin. To remain ahead of the market, pay heed to crypto-currency news reports. Configure warnings and other message forms.
Apply technological research. Using powerful technological metrics such as OBV. This will encourage you to justify each of your purchases.
Usage Failure Pause. Set orders for stop-loss on any trade. Begin with a 2:1 income loss ratio.
LEGALITY VIEW
In the U.S., Japan, the U.K., and several other developing nations, Bitcoin was legal as of February 2020. The legal status of Bitcoin has started to vary significantly in developing markets. Although explicitly criminalizing the possession of bitcoins, China heavily restricted Bitcoin. India banned banks from blockchain trade and left uncertain the ultimate legal status of cryptocurrencies. In addition, Bitcoin regulations in individual countries need to be looked at.
And if Bitcoin is legitimate, Bitcoin is still subject to most of the laws that apply to other properties. The area where more persons are expected to get into trouble is tax laws. Bitcoins are generally regarded as property rather than currencies for tax purposes. Generally, Bitcoin is not considered legal tender.
In a deregulated marketplace, Bitcoin exists, but there is no centralized issuing authority. Bitcoin addresses in the United States do not require social security numbers (SSNs) or other personal records, such as regular bank accounts. That raised questions initially about the use of bitcoins for illicit activity.
The assumed anonymity of Bitcoin contributed to numerous illicit applications in its early years. Drug traffickers were known to use it, with the Silk Road market being the best-known example. It was a part of the so-called dark web that allowed users to purchase illegal drugs. Bitcoins are used in all purchases on the Silk Road. In October 2013, it was finally shut down by the FBI.
And those wanting anonymity, though, Bitcoin have some serious weaknesses. Bitcoin establishes, in particular, a permanent digital archive of all transactions. When a person is connected to an account, it is possible to connect that individual to other transactions using that address. Cryptocurrencies such as Monero and Zcash, which are competing, also have much greater privacy security. Unlawful behavior is shifting away from Bitcoin, given this scenario.
MOVEMENT IN CRYPTO PRICES (2019-2021)
The price of bitcoin started to climb in the fall of 2017. The price rose by $5,000 in October of that year and doubled to $10,000 again in November. Then, the price of one bitcoin hit $19,783 on December 17. This was dubbed a price bubble by many pundits and analysts, several of whom made parallels to 17th century Dutch Tulipmania. Indeed, the price of bitcoin plunged quickly only a few weeks back, falling all the way down to $7,000 by April 2018 and below $3,500 by November 2018.
In 2019, bitcoin saw a fresh price and volume revival, rising to about $10,000 by June in fits and bursts. Since history appears to repeat itself, by the end of the year, the price of bitcoin dropped back down to around $7,000.
In 2020, that changed. Renewed interest was piqued among investors, as described above. The number of persons carrying more than 1,000 coins has actually jumped. Prices have risen gradually through the year, beginning on January 1 at $7,200 and ending on November 23 at $18,353. That’s an approximately 155% rise. Bitcoin then took off ever further when, after the rapidly rising inflation of the dollar from COVID-19 stimulus spending, institutions started to accept it as a store of wealth. In Dec. 2020, the price of Bitcoin hit a high of just under $24,000, giving it a 224 per cent year-to-date rise and an almost 500,000 per cent year-to-date increase on the Bitstamp market.
The performance of Bitcoin especially in 2021 has been nothing short of a dream run. With the prices in December being at USD $29,000, the price soared to a lift time high of USD $41,940 on January 9th, 2021. The bitcoin valuation then dipped about 20% from all time highs to come back and stabilise around the USD $32,000 mark. The month of january has proven the theory of many experts who believe that the valuation of a bitcoin will reach USD $1,00,000 by October 2023.
We advise you to invest in the same and contact us if you need advisory services for bitcoin or intend to trade in the cryptocurrencies.
A company’s strategy is essential in achieving business success. Since it lays out the guidelines to perform, it identifies lacunae in the existing operations. A strategy links to its merchandise, cost, distribution procedure, kind of marketing, procedures, or the folks who compose the organization.
In an age of disturbance, a strategy is much more significant than ever. We provide innovative solutions that have helped tens of thousands of organizations develop and implement winning strategies across all geographies and industries. We have been a strategy intended leader for 5+ years, delivering unrivaled skills, resources, technologies, and ability to each engagement, augmented by an ecosystem of best-of-breed partners who offer technical experience.
Ruskin Felix Consulting, utilizing expert business consultants, helps businesses attain a practical approach for their strategy, helping them set priority aims in their plan by initiating a new action or changing their typical industrial and business actions.
The strategic plan includes points of activity necessary to get the goals and aims, be carried out from the context where the company works and with the tools available.
In strategic advertising, we have to identify what our customers’ current and future needs are. Locate new markets, identify and appreciate the possible target market segments for your business, establish the pursuits our company might have in these markets, find what route to follow when looking for new opportunities, etc.
What is a Business Strategy Consultant?
A business strategy consultant helps business owners or organizational leaders with decision making about their business strategy. We know and will direct you through the procedures that can allow you to decide who you are, where you need to go, how you will get there, and how you’ll measure success.
Our Services:
Check out our Business and Strategic Consulting Services:
Business and Finance Consulting
Strategic Planning and Consulting
360* Startup/Investor Deck Consulting
Market Research
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Strategic Consulting
Do I Need One?
Leaders make many choices daily, but strategic planning decisions concentrate on allocating unique resources (money, people, time) to attain their organization’s desired objective.
A direction consultant/strategic planning facilitator can help you figure out which particular strategic initiatives will get you exactly what you need and which ones will be directing you away from what you would like. We work together with you and your staff to determine what those items are via market research, competitive analysis, scenario planning, and expert experience.
Even effective associations will gain from working with a facilitator, particularly if they’re working towards continuing development, optimizing staff performance, or growing board leaders.
We worked with a company frequently experiencing a 10-20% increase year over year; however, the economic climate changed, and their expansion became stagnant. They wanted to understand what was occurring, plan and strategize for future situations, and produce a flexible strategy to adapt to the current industry. Dealing with external consultants has other advantages also, such as:
Obtaining staff onboard and aligning your strategy – this is crucial for subsequent execution.
Setting strategic goals and quantifiable goals to understand what success looks like for the company and your staff.
Locating opportunities to distinguish you from your opponents to produce a more precious value proposal.
Looking in your systems and processes to locate improvements that will support future expansion.
Performing a cost/benefit analysis to find out the best chances for growth.
Making strategies to gain new market share or protect Present market share
Conclusion
Thus, it is key for businesses to understand the need for consulting and the value of good strategic decision making in a company.
RFC helps clients generate long-term value for all stakeholders. We help clients transform, grow, and operate while fostering trust through assurance with our services and solutions, which are made possible by data and technology.
We balance ESG and risk mitigation in our professional services. Our consulting experts make sustainability a business priority with vision and pragmatism.
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