Skip to main content

How to Make Money on Your dApp: An Ultimate Guide

 

Blockchain-powered mobile apps – Ethereum DApps Development have started a trend of their own.

 

The technology that was brought into existence for revolutionizing the finance domain has not just found a place in multiple industries but has also now started giving a plethora of use cases on the mobile landscape.

 

How Do Decentralized Apps Make Money?

 

The answer to how to monetize a dApp take entrepreneurs through many routes, let us look at what those most traveled on roads are:

 

  • Crowdsale and Token Launch


The foremost dApp business and revenue model to consider is to bootstrap a project through crowd sale and back it with a token.

 

  • Transaction Fees


Another model that is present in almost all the guides on the monetization of dApps is charging transaction fees. Charging users for availing themselves of your service can be one of the most profitable ways to make money by developing dapps.

 

This is how one of the most popular ways to monetize your Ethereum dApps work –

A purchases something from B on your platform

X% of the amount goes to you – the service provider

100 – X% then goes to B

 

  • Premium


Taking cues from the traditional, non-decentralized gaming apps, you can add the monetization functionality in your app to answer the investors’ persistent question on how to make money with dapps.

 

  • Subscription


You can easily add a membership or subscription element in the contract to ensure that the function has only been called upon by subscribers or premium members.

 

The time frame of this subscription can be:

 

Usage-based – The users would only be allowed to call function X times
Time-based – Users would be allowed to call in a function till X time passes

 

  • Advertisements


While still a very new/ less used blockchain business and monetization model, advertisements do in fact find a place in the answer to how decentralized app development makes money.

 

  • Donations


If your dApp project is out to solve some world issue or to function around some social cause, you can put a donate button on your application or website or can even pass its link around to social entrepreneurs to donate.

 

  • Create Digital Goods


What CryptoKitties did is that they developed generation 0 kitties and gave them to the platform users to keep as a collectible. By making the kitties functional and unique and viral trending, they were able to attract users to put their money in the digital good.

 

  • Referral Marketing


Referral marketing that has proven to be behind e-commerce app success can also be taken into consideration to make money with Ethereum based decentralized applications. In fact, there are a number of Blockchain-powered platforms on the internet today that give you a link to their website to promote. And depending on the clicks or traffic you are able to send their way, you get paid by them.


So, here are the eight best-decentralized apps business models and strategies you can look ahead to enjoy maximum outcomes from dApp development.

 

To know more, contact us at:https://www.codezeros.com/contact  

Comments

Popular posts from this blog

Smart Contract Development Company in Washington

Smart Contracts are now essential to any blockchain-based business. The self-executing digital contract is the key to automate processes, transactions, and agreements, helping to reduce costs, hence security and end the very confusing and not reliable paperwork. Smart contracts are automated digital contracts that enable highly-secure and self-executing agreements to be formulated. They solve many issues faced in traditional contracts such as lengthy paperwork, the need for third-party intervention, and huge costs. Codezeros is the Smart Contract Development Company with the best solutions for your enterprise. Up to date with every new technology and innovation in the blockchain world. Our team of experts is focused on building an outstanding computer-based protocol. Customizable for any type of industry, the digital contract doesn’t need a middleman to ensure that all the parties involved are performing their part. Once all the rules and conditions are settled, its base algor...

Top blockchain App Development Company in Toronto

Nowadays, it’s quite a challenging job to find-out the best company that provides blockchain application development services. There are lots of companies in the market that offers blockchain solutions and are trying to take a first place in this field. Codezeros is a leading Blockchain app development company with high potential for perfection and innovation. To create Blockchain apps that revamps user experience has been our vision since inception.       Codezeros is a Top  blockchain App Development Company in Toronto  that has a highly dedicated team of expert developers who can craft apps perfectly according to your requirements. They provide customized blockchain app development solutions based on the client requirements and also deliver blockchain technology related other services with high quality at an effective cost. We develop next generation of Blockchain Apps for our customers using Ethereum & Hedera Hashgraph and many mor...

Security Token Offering Services(STO) | Codezeros

Stay at the top of growth wave with quality token development. Security tokens are just a more flexible version of regular securities, only more efficient. They are cryptographic tokens that pay interest and dividends or share profits to token holders based on an asset like shares, real estate, or bonds. Some of the major benefits of opting for STO development are as follows: Traded as securities Credibility Low Fees Decentralized assets remain decentralized An enterprise or a startup will sell its digital asset- its cryptocurrency, to its investors and whosoever, supports the project financially. This sale of their cryptocurrency or a fraction of it will happen in a pre-decided currency form of USD, Euros, or a cryptocurrency like bitcoin. This process will be followed by whitepaper creation and a pitch deck. Later on, after Tokenomics of the cryptocurrency and smart contracts, a pre-STO landing page is created. This process comprises of STO solutions that we provide. We...