Token creation: breaking the barriers between genders

Oct 7, 2020
Token-creation-braking-salary-gap-between-genres.png

Watching Jordan Peterson, a clinical psychologist, and professor of psychology at the University of Toronto, talking about how gender salary gaps as a lot to do initially with the cultural-social expectations that women and men have developed through the years. As is the case that women lead in medical and market affairs, and men lead in engineering and technology, creating a gap that can be perceived in terms of monthly salary and other benefits between genders. But, times have started to change, and women are starting to incursion in technological niches such as the development of blockchain and the creation of tokens and digital coins. 

An issue that starts with education 

An online survey of 1,100 U.S. investors conducted by Q8 Research, and commissioned by Grayscale Investments in 2019 showed that a 76% of women indicated that they lacked familiarity with Bitcoin while only 52% of men declared the same, and significantly, an overwhelming majority of female investors (93%) indicated that they could be more open to the asset class if they had more educational resources available to them. 

As it seems that women were not, as for the year of 2019, into the crypto world as much as men, statistics have changed and now they favor women labor in the crypto movement for 2020 because recent reports show an unprecedented increase in the number of women involved in the crypto market, some exchanges have seen a 160% surge. According to the report released by CoinMarketCap in April, the number of women in the cryptocurrency industry increased by 43.24% in the first quarter of 2020. Supported by the pandemic which also increased digital transactions and the crypto market as an alternative in general, as well as increasing the number of women who started to work in the IT industry-sector allowing them to develop in the kind of environment were cryptocurrencies are at reach. 

Education is an important issue to address since we know that every social belief starts with our personal perceptions. Turns out that it is widely believed that the cryptocurrency and blockchain sectors are almost exclusively dominated by male. But we’ve got to start thinking about how women's inclusion can not only be beneficial for the further development of the crypto industry but to perpetuate its common use, knowing that women are leaders in the market. 

Women interacting with new opportunities 

As global financial conditions tightened, many people have started to invest in real estate and gold, yet one of the most popular sectors to invest in continues to be cryptocurrencies, even more so among millennials and Gen Xers aged between 26 to 45 years old. This is a clear state that the token market will increase in the future and that is yet going further to be more than just an alternative for banking issues or economic crisis. 

Many women found a safe haven in digital currencies, despite their fair tendency to be more pessimistic than males about the global economy, their confidence in cryptocurrency as significantly increased in 2020, becoming a promising investment. 

Token creation has become a method to offer equality at the same time that they are an attractive kind of investment in the market which is one of the main reasons behind the growing interest of women toward digital coins. 

Token creation and trading

Bringing back the thought of Jordan Peterson to the table we can conclude that women including themselves and learning more about crypto, furthermore getting a sense of appropriation through the creation of tokens can actually mean a breakthrough the gap in payment and salary between women and men. 

Since custom cryptocurrencies are for everyone, there are no limitations to what a person can do despite their social status, their position, their capital, and of course their gender. Through platforms such as MintMe, tokens creation and trading are a solution to offer equal income and allow people to develop their own business and payment system using digital coins issued by themselves. 

Mary Schwartz