Category Archives: Trading

How You Can Make Your Business Capture Attention at Trade Shows

One of the biggest things you need to keep in mind when running your business is that there will be times when you’ll have to use other marketing means. This means that you’ll have to go outside of online marketing, such as social media, and on top of that, there are other factors, too, such as getting others within your industry to know that you exist. 

So, with that said, trade shows are one of the best ways to get known by those within your industry, but when it comes to all of this, it’s going to be vital to make it count. So, with that said, you absolutely need to get heads turning so your time at a trade show isn’t a complete waste, and the booths that stand out are the ones that are most successful. So, with that said, here’s how you can make your business capture more attention at trade shows!

Eye Catching Display 

This is the first step, and honestly, this is likely going to be the most important step, too. If you want people to stop by, then it needs to grab their attention, and a visually appealing booth is the way to go. You’ll need to Invest in a professional and eye-catching display that reflects your brand identity. Ideally, you’ll want to use bold colours, high-quality graphics, and of course, you will definitely need some clear signage- since this is all going to make your booth visually striking.

Interactive Displays

Honestly, a giant neon sign isn’t going to be enough, and you can’t expect this to be enough, either. The whole point is to engage people and make them want to interact with you, so you need to ensure that your displays are interactive, but there’s something for the audience to do. 

Ideally, you will want to allow attendees to experience your offerings firsthand, creating a memorable and immersive experience. There are a lot of ways to fo this, such as games interactive screens, or you can even use VR equipment hire to make it extra immersive. Honestly, with these, hte more you think outside the box, the better. 

Technology is Your Friend

In general, it’s every one’s friend, but it’s going to be your best friend during events like this. Ideally, you might want to consider incorporating touchscreens, virtual reality experiences, or augmented reality displays to showcase your products in innovative ways. In general, you can definitely count on technology to create a buzz and attract tech-savvy attendees.

Give Out Freebies

This could be the beloved swag bags that everyone loves getting or even something like a free t-shirt, but in general, this is strongly recommended. So, why not offer attractive giveaways or promotional items that align with your brand? Make sure these items are both useful and unique (so it’s best to skip out on generic logo pens), creating a positive association with your company. Plus, you need to keep in mind that attendees are more likely to stop by a booth that offers something in return.

The Not-so Green Side of Cryptocurrency – How Sustainable are Assets Such as Bitcoin?

The sustainability of Bitcoin (BTC) and similar crypto-assets has been under immense scrutiny of late, with Tesla CEO Elon Musk having made this a key talking point during the summer.

More specifically, Musk (who had previously invested heavily in BTC) spoke negatively about the asset’s lack of sustainability, announcing that Tesla would stop accepting the digital currency as payment for vehicles until “here’s confirmation of reasonable (~50%) clean energy usage by miners” with a positive future trend.

But just how sustainable is BTC’s mining process, and have miners already started to meet Musk’s demands? Here’s a breakdown of the current situation:

What Sustainability Issues Affect Crypto Assets? 

The mining process associated with BTC and similar crypto-assets is central to their decentralised nature, with secure and immutable transactions verified by “miners” who trying to solve mathematically complex problems.

Miners who successfully solve a particular issue essentially add a “block” to BTC’s underlying blockchain, while also receiving a real-time reward in the form of a finite number of coins (6.25).

This represents a tangible reward for the miner’s efforts, while the process itself is how new tokens are generated and introduced into circulation. At present, there are 18,821,387.00 BTC tokens currently in circulation, from a maximum supply of 21,000,000.

However, the complexity of each individual mathematical puzzle is incredibly high, requiring miners to invest in expensive hardware and consume large amounts of electricity when verifying blocks.

According to estimates from the University of Cambridge Bitcoin Electricity Consumption Index, the global BTC network currently consumes around 89 terawatt-hours of electricity annually.

This equates to the annual output of 23 coal-fired power plants, or close to what is consumed by the citizens of Finland on an annual basis.

Just How Sustainable are Cryptocurrencies?

These statistics make for stark reading, and they seem to highlight an inherent lack of sustainability in the crypto space while supporting Elon Musk’s demand for less energy-intensive mining processes.

However, many people have countered Musk’s claim, particularly his call for a greater emphasis on so-called “clean energy”.

More specifically, the Cambridge Centre for Alternative Finance estimates that 76% of all miners now use renewable energy sources as part of their mix. What’s more, CoinShares suggests that the total share of renewables in crypto mining is as high as 73%, while this percentage continues to inch higher on an annual basis.

Not only this, but second and third-generation blockchains have also introduced “Proof-of-Stake” (PoS) consensus algorithms to verify transactions and introduce new blocks.

This is diametrically opposed to BTC’s “Proof-of-Work” (PoW) model, which requires far higher levels of energy and is less sustainable over time.

So, there’s no doubt that people misunderstand just how sustainable crypto mining has become in recent times, and the consensus algorithms that are now widely used to minimise energy consumption.

Of course, there are also far less energy-intensive investment vehicles such as forex trading, so traders who are interested in building a sustainable portfolio have a number of viable options in the modern age.