ICO

TOP 5 INDICATORS OF A BAD CRYPTO OFFERING

Initial Coin Offering (ICO) is to a cryptocurrency trader or investor, what Initial Public Offering (IPO) is to the stock trader. It acts as a means of raising funds, so a company that is looking forward to creating a new coin, an app or a service that involves the use of cryptocurrency, launches an ICO. This they do to bypass the extraneous processes in raising capital that is mostly required by banks or private investors.  After coin offerings are made, prospective investors buy into it, either with the normal fiat currency, or with existing digital coins. As at 2018, there were over a thousand cryptocurrencies in the market. Most of these coins were created with by people, to make money from cryptocurrency enthusiasts.
While there exists crryptocurrency projects that can end up in a bullish form after its ICO, there are also cryptocurrency projects that is engineered to fail from the beginning. It is therefore imperative that you are able to fish out these coin offerings. I have taken my time to list out five of the top characteristics to watch out for when buying into coin offering projects.

The Transparency of the team

This is the most important of anything that is worth consideration. A check on the transparency of the team that is behind the project might involve checking the website of the company, especially for the full names of the people behind it. When there is no name, or the names behind it cannot be traced, such project is laced with the probability of being a failure. Apart from the identification of the team, the correspondence in communication also matters. A good coin offering project should have a good community engagement, answering questions that are raised by investors and dishing out the latest news that borders on the coin. Their projection about the future is also very important, I usually judge this by the numbers they have on their team. If you at any time wish that your coin offering skyrockets in value, then one or two member team can’t handle it.

Pump and Dump Coins

This is one reason why most people lose money in the cryptocurrency market. Pumping and dumping of coins happens when a trader boosts the value of a coin by making it popular on different channels, thereby instigating a higher tendency of prospective buyer to invest. In the process of the price rising, other investors tend to buy. This action continues until the people involved in this crusade suddenly sell their own share of the coin, this action suddenly affects the price of the coin, putting it in a bearish zone. As a trader or investor, you have to watch out for this scheme.

The Project Plan – Whitepaper

The whitepaper is somewhat the plan of the company that is offering an ICO, it contains their business proposal, and the technical details on which their blockchain technology works. Although not all projects in their ICO stage have whitepapers, you have got to find out why this is so. Personally, I won’t invest in a project without a whitepaper. The feasibility of the road map of the project is also very important. Cryptocurrency market is not some Disney world story, it is not easy, so watch out for those projects that promises more for little. Also, the technology that is involved in the project – should a white paper be presented – needs thorough research. The good thing is that we are the age where everything can be sourced from the internet.

MLM – Multi-Level-Marketing

Most times I tend to see the MLM word as MMM. Multi-Level Marketing is in a nutshell, a Ponzi scheme. A Ponzi scheme is a pyramid like structure, with the organization, which is always the MLM company in this case being on the top layer. They recruit new investors through enticing offers, give them returns on their investment and encourage them to refer other people. This continues until a saturation point is reached, or till the company is exposed for its schemes.

Centralization or Decentralization

A centralized project is a project whose network and dealings are controlled by a central body. A decentralized project on the other hand is not managed by a central party, leaving most of its dealings for peer-to-peer interactions. Centralized projects, because they have a single point to collect data can be easily hacked. While there are centralized projects that are doing well in the market space, I will strongly advice that in coin offering, you stay away from networks that aren’t decentralized.

5 Top ICO Projects to Look Forward To

A start-up can start small, growing at its own rate. This it can do, or it can look outside for support at its early stages, giving it a quick cash flow but at the extent of giving away part of its ownership to investors. It can also generate funds from investors through the use of Initial Public Offering (IPOs). ICOs (Initial Coil Offering) are somewhat an equivalent of IPOs, it acts as fundraiser and it has, over the years become a standard method that start-ups and enthusiasts of cryptocurrencies use in raising funds. A company, looking forward to simply create a new coin, a service, or an application launches an ICO. Which is where you as an investor comes in, these ICOs that come at a little or no price at all are offered to you, you invest in them and if you are lucky, the coin will increase in value.
Actually, it borders more on intensive studies and most times, guts, more that luck. So knowing a particular ICO product that will yield much returns takes expertise knowledge. 2018 saw so many ICOs project come to being, 2019 promises even more projects. More reasons why you have to carefully select the ICO projects you have to lock your eyes on. I have quite a few but below are my top five ICOs projects to look forward to in 2019.

ANGENIUM


Angenium is a company that in their claims saves our environment from pollution. This they do with the use of technological approaches that recycles waste into products which are pretty valuable in the market. Angenium is a unique company because the technology at their disposal, on which the recycling of waste is carried out is not in the market, and it definitely has no substitute. The token of this ICO is ANG, starting at a price of 1 ANG = 1 USD. The ICO platform for this ICO is Etherum.
ICO Timeline: 14th January – 15th March, 2019

MENAPAY

Known to be the first fully integrated block-chain based payment gateway in the middle east and recently, Africa. It is more or less designed to suit the Islamic society has the company have continued to stress how compatible their payment terminals are in compliant with Islamic rules in the middle east. Some of these rules are what makes it stand out in my opinion; the first of it is that interest is not allowed. The token for this ICO is MPAY, valued at 1 MPAY = 0.165 USD. The ICO is offered through the Etherum platform and it is currently operating in the UAE.
ICO Timeline: 15th January – 15th March, 2019
 

 ENDCHAIN


It is a blockchain utility company, geared towards the adoption of the tracking of blockchain to the global market. Endchains provides corporations the ability to extract generic barcode alongside blockchain QR code with the help of their patent-pending QR and barcode combination. The token for this ICO is ENCN, valued at 1 ENCN = 0.24 USD.
ICO Timeline: 1st February – 30th April, 2019
 

NAMACOIN


Namacoins is aimed at becoming a token for supporting developments in third world countries through the use of Namastree devices, with the help of data scientists. Namastree devices are powered with the use of photovoltaic cells (PVC). These photovoltaic cells are placed on the devices just like the crown of trees. The devices have market values, as they can be used to power various systems that are service oriented. The token is NAM, valued at 1 NAM = 0.5 USD. The coins that are accepted are ETH and BTC, using the Etherum framework.
ICO Timeline:
 

GEON


Geon is a crypto network that enables the transfer of values between individuals. The geon network however is unique in the sense that the receiver of the transfer does not have to be on a blockchain network. Instead, he simply provides proof of location to validate the transaction. The token is GEON, valued at 1 GEON = 0.1 USD. It is can be purchased using BTC, ETH and Flat. One down side of this ICO is that it is restricted to some particular areas.
ICO Timeline : 31st January – 3`st March, 2019

What is Expert's advice & opinions on Cryptocurrency?

A Brief Overview

According to Wikipedia, a cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control creation of additional units, as well as verify the transfer of assets.
In other words, a cryptocurrency is a digital asset, meaning it has intrinsic value, but the probably most significant aspect of a crypto currency is that its value is almost totally defined by market forces. This is known as the decentralization technology, that is, there is no central base of control like a central bank, rather a peer to peer system is used, this means that every single entity on the network has to agree and confirm any transaction before it is accepted. In fact, cryptocurrencies can be said to be all about confirmation. It is a system not built on trust, but on cryptography.

History

The idea of a digital electronic currency had been in existence since the 1980s. many ideas started up but ultimately failed. The reasons given range from lack of trust, to the companies themselves folding up. The modern face of cryptocurrency came to light in 2008. A mysterious individual or group of individuals called Satoshi Nakamoto posted a paper called ‘Bitcoin – A Peer to Peer Electronic Cash System’ on a mailing list for discussing cryptography. The real identity of this person or people remains a mystery till date.
In the year 2009, the Bitcoin software was made available to the public and mining, the process of creating new Bitcoins and recording transactions on the blockchain began. Before 2010 however, Bitcoin had no monetary value as it had never been traded. That year, someone swapped 10,000 bitcoins for two pizzas. If the buyer had held onto those coins, they would be worth more than $100 million today.
By 2011, rival cryptocurrencies began to emerge and increase in popularity, they are usually called ‘altcoins’ or alternative coins. Since then, the number of other cryptocurrencies has increased exponentially. It is estimated that there are about 1,800 cryptocurrencies in circulation today.
In 2016, Ethereum began to grow in popularity, it uses cryptocurrency known as ether to facilitate blockchain-based smart contracts and apps. This marked the era of Initial Coin Offerings (ICOs), fundraising platforms which offer investors the chance to trade established cryptocurrencies such as ether and bitcoin for what are essentially stocks or shares in startup ventures, usually called ‘tokens’,
By 2017, Bitcoin had reached $10,000 and the total market cap of all crypto coins rose from $11 billion to $300 billion.
Reception and Reactions
Various reactions have continued the rise of cryptocurrencies, ranging from predictions of its future dominance in the global economy, to predictions that it would ultimately fail.

Positive reactions

The Winklevoss Twins:


Cameron and Tyler Winklevoss are venture capitalists who own a cryptocurrency exchange, Gemini. Cameron Winklevoss, in February 2018, said Bitcoin could be worth 40 times its current value one day. He made this statement after comparing bitcoin to gold during a CNBC-hosted chat at the Milken Institute’s MENA Summit. His brother, Tyler was quoted as saying “You know criticisms are just a failure of imagination”, referring to criticisms on cryptocurrencies

Barry Silbert:


Barry Silbert, the chief executive officer of Digital Currency Group, a New York venture capital which is tied to or backed by a number of prominent digital-currency enterprises including Circle and Coinbase, among many others, said in July 2018, that although he was extremely optimistic about the long-term prospects of bitcoin, as well as the broader cryptocurrency industry, a huge number of new entrants seemed to be headed for zero.

Tim Draper:


Tim Draper, a venture capitalist predicted that bitcoin would multiply about 30 within the next four years. He made the forecast in April 2018, at his ‘Draper Block(chain) party” in California. He tweeted the next day that he predicts “bitcoin at $25k by 2022” which brought confusion to quite a number of investors. He however clarified in a later tweet that he meant “$250,000”

Charlie Shrem:


Charlie Shrem, early bitcoin adopter and founder of BitInstant and Crypto.IQ said in an interview with Yahoo Finance in August 2018, “A lot of crypto people aren’t traders, traders know there are bear and bull markets. They think it’s always bull”. Shrem, who spent two years in prison for selling bitcoins to resell on the now-defunct ‘black market’ website, The Silk Road, said he was not discouraged by the current fall in the price of bitcoins, he painted pictures of creative destruction by saying “It’s during these bear markets, its when things die, things are born and rebuilt”.

Tony Gallipi:


Co-founder and CEO of BitPay, which develop tools to help merchants accept Bitcoin as a form of payment. He said in an interview with CoinTelegraph, that Bitcoins are the most secure and popular form of digital currency, he also referred to Bitcoin as a New Asset class with the potential to change how we send and receive money.

Satoshi Nakamoto:


The anonymous originator of Bitcoin, is quoted to have said on forums and mailing lists, that bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have.

Negative responses

Warren Buffet:


Billionaire investor, Warren Buffet says buying bitcoin is not an investment, because it lacks intrinsic value. He said in an interview with CNBC, he described bitcoin as ‘rat poison squared’ and that he’s almost certain that cryptocurrencies will come to a bad ending.

Charlie Munger:


The Berkshire Hathaway Vice Chairman said bitcoin is ‘worthless artificial gold’ when speaking to CNBC’s Squawk Box, He also said bitcoin was a ‘turd’ and that trading cryptocurrencies is ‘just dementia’.

Jamie Dimon:

 
JP Morgan CEO, Jamie Dimon called cryptocurrency a “scam” and said he had no interest in it, Bloomberg reported in August 2018.

Paul Krugman:

Paul, a Nobel-Prize winning economist said that the feverish enthusiasm on cryptocurrencies is ill-informed and that a full-scale collapse of bitcoin is a real possibility, while arguing that cryptocurrencies aren’t solving any problems in the current monetary system.
In my opinion, cryptocurrencies are a very interesting phenomena, seeing as it has widespread publicity and investment, it is also very possible that it has come to stay, as it currently boasts of a market cap of over $300 billion. However, there are serious questions that must still be answered by the cryptocurrency industry, such as security, as well as it’s controllability. Cryptocurrency at its core has a vision of decentralization, which means it would have no oversight from the government or any central organization, while banks and the government exist for the sole purpose of centralization, hence there will be quite a number of clashes as the days unfold.
On the economic side though, it is very likely that the meteoric rise in the value of cryptocurrencies continues, as more advances are made in the industry. The best advice for participants in the sector, especially those not very tech-savvy, is to exercise caution. The industry is widely agreed to be very volatile, so there is equal opportunity for huge gains as well as losses.

REFERENCE LIST

https://www.forbes.com/sites/bernardmarr/2017/12/06/a-short-history-of-bitcoin-and-crypto-currency-everyone-should-read/amp/

How to register BitMEX for beginner

ABOUT BitMEX

BitMEX (The Bitcoin Mercantile Exchange) is a trading platform that offers investors access to the global financial markets using only Bitcoin. BitMEX is built by finance professionals with over 40 years of combined experience and offers a comprehensive API and supporting tools.

ABOUT THIS TUTORIAL

After reading this tutorial you will have acquired an overview of BitMEX, its main features, how to create your account in BitMEX website, how to deposit, how to perform withdrawals. Furthermore, we shall also describe what to trade on BitMEX, leverage, liquidation, fees and security issues.

OVERVIEW

BitMEX (The Bitcoin Mercantile Exchange) is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin.

⦁ BitMEX only handles Bitcoin. All profit and loss is in Bitcoin, even if you’re buying and selling altcoin contracts. BitMEX does not handle fiat currency.

⦁ BitMEX allows trading with a high amount of leverage.

MAIN FEATURES

⦁ More Bitcoin/USD liquidity than any other platform. BitMEX’s XBTUSD market is the most liquid in the world;

⦁ Audits per second. BitMEX’s engine constantly audits the balances and history of all accounts;

⦁ 0 Bitcoin lost trough intrusion or hacking. BitMEX keeps all funds in cold storage;

⦁ BitMEX offers up to 100 x leverage on Bitcoin and high leverage on Altcoin contracts;

⦁ Their trading engine was built using the same technology used by investment banks and hedge funds;

⦁ BitMEX employs the latest in multi-factor security, inside and out. Safety is a primary concern;

⦁ BitMEX offers a variety of contract types. All contracts are bought and paid out in Bitcoin;

⦁ BitMEX holds a “Perpetual Contract”, a high-leverage contract that never expires;

⦁ It is possible to sign up in less than 30 seconds and it requires no personal information;

⦁ You can trade in minutes; deposits only require 1 confirmation

HOW TO REGISTER ON BitMEX?

Next, we are going to guide you through the registration procedure in BitMEX trading platform in a step by step fashion.

Step 1) Start accessing BitMEX’s homepage here. You should see the following page

bitmex_01
Step 2) Click on the Register icon at the top-right corner of the page

bitmex_02

Step 3) After completing step 2), you will be directed to the registration form below

bitmex_03
Here you are required to enter the following data:

⦁ email address (your email);

⦁ password (your password);

⦁ country (your country of residence);

⦁ name (first and last name);

After filling up the required information you should make sure to mark the “I accept the Terms of Serve” button as pointed out below in the red box:

bitmex_04

Once this is done, you should click the Register icon. This will lead you to the following confirmation page:

bitmex_05

Now your registration is complete, all that is left to be done is to confirm your email address as described in the next step.

Step 4) Open your email account (the same used in registration step 3). Afterward, open BitMEX’s email and click on the “Verify My Email” icon (as highlighted below):

bitmex_07

After clicking the highlighted icon you will be lead to the following page

bitmex_08

This means your email address has been confirmed and you will be redirected automatically to BitMEX’s negotiation page.

bitmex_09

Now you are ready to start negotiating bitcoins.

WHAT TO TRADE?

In BitMEX you can trade any of the following contracts:

⦁ Perpetual Contract

This is a product similar to a traditional Futures Contract in how it trades, but does not have an expiry so you can hold a position for as long as you like. Perpetual Contracts trade like spot, tracking the underlying Index Price closely. It achieves this via the mechanics of a Funding component;

⦁ Futures Contract

This is an agreement to buy or sell a commodity, currency or another instrument at a predetermined price at a specified time in the future;

⦁ BitMEX UP Contract (Upside Proft)

This is a contract which allows buyers of the contract to participate in the potential upside of the underlying instrument;

The buyer pays a premium on trade date for which he is entitled to receive the difference between the underlying instrument settlement price and strike price on maturity date if positive, else no payment occurs. All transactions are Bitcoin settled.

These are fully margined contracts which offer an efficient way to participate in a market rally. Investors can only be net long UPs, they cannot short sell. Only the BitMEX anchor market maker can be net short.

The possible loss is limited to the initial investment.

Unlike other BitMEX products, there is no liquidation price or margin calls on this product.

⦁ BitMEX DOWN Contract (Downside Profit)

This is a contract which allows buyers of the contract to participate in the potential downside of the underlying instrument.

The buyer pays a premium on trade date for which he is entitled to receive the difference between the strike and the underlying instrument settlement price on maturity date if positive, else no payment occurs. However, if the underlying touches or falls below the KO barrier price during the life of the contract it expires and settles early using the KO barrier price. All transactions are Bitcoin settled.

These are fully margined contracts which offer an efficient way to participate in a market decline. Investors can only be net long DOWNs, they cannot short sell. Only the BitMEX anchor market maker can be net short.

The possible loss is limited to the initial investment.

Unlike other BitMEX prodcts, there is no liquidation price or margin calls on this product.

ABOUT LEVERAGE, LIQUIDATION, AND FEES

When dealing with any kind of contract you must pay particular attention to leverage, liquidation, and fees issues. We summarize the BitMEX’s policies concerning those aspects.

⦁ Leverage

BitMEX offers leverage on all of its products except UP and DOWN contracts.

The amount of leverage BitMEX offers varies from product to product. Leverage is determined by the Initial Margin and Maintenance Margin levels. These levels specify the minimum equity you must hold in your account to enter and maintain positions. Leverage is not a fixed multiplier but rather a minimum equity requirement.

The highest leverage BitMEX offers is up to 100x leverage on its Daily Bitcoin / JPY Futures Contract and the Perpetual Bitcoin / USD Perpetual Contract.

⦁ Liquidation

When the Mark Price of a contract falls below your liquidation price for longs or rises above your liquidation price for shorts, your Maintenance Margin level has been breached and the Liquidation Engine takes over your position. In your Trade History, the price the liquidated position was closed at is the Bankruptcy Price (equivalent to where your Maintenance Margin is equal to 0).

Upon liquidation, the Liquidation Engine attempts to close the position at the prevailing market price. If it is unable to do so then Auto-Deleveraging will occur.

Can you go bankrupt? No. BitMEX has a sophisticated margin and liquidation process that is designed to prevent any trader’s margin balance on BitMEX from ever going below 0.

Furthermore, you do not need to socialize losses. BitMEX employs an Auto- Deleveraging System that does not need to socialize losses.

Finally, BitMEX offers auto-deleveraging which occurs when a liquidation remains unfilled in the market. Traders who hold opposing positions will be closed out according to leverage and profit priority.

⦁ Fees

BitMEX does not charge fees on deposits and on withdrawals. When withdrawing Bitcoin, the minimum Bitcoin Network fee is set dynamically based on blockchain load and can be viewed on the Withdrawal Page.

However, BitMEX charges a trading fee on every completed trade.

SECURITY

BitMEX is committed to the security of its platform and its users. They believe in rigorous, conservative, security measures, and will not compromise security for convenience.

Below we present the main security measures adopted by BitMEX.

⦁ Wallet Security

BitMEX runs a first-of-its-kind multisignature deposit and withdrawal scheme. All BitMEX addresses are multisignature and all storage is kept offline.

Even in the event of a full system compromise, including web servers, trading engine, and database, there would not be enough keys available to an attacker to steal funds.

Additionally, each and every withdrawal on BitMEX is audited by hand by at least two BitMEX employees before sending. No private keys are kept on any cloud server and deep cold storage is used for the bulk of funds.

All deposit addresses sent by the BitMEX system are verified by an external service to ensure they contain the keys controlled by the founders. If the public keys do not match, the system is shut down immediately and trading is halted.

⦁ System Security

BitMEX systems take advantage of Amazon Web Services’ world-class security.

All BitMEX systems require multiple forms of authentication to access, including hardware tokens. Individual systems are unable to communicate with each other except across approved and monitored channels.

⦁ Trading Engine Security

The BitMEX Trading Engine is the first of its kind. Written in kdb+, a database and toolset used frequently by major banks in high-frequency trading applications, the BitMEX engine has unprecedented speed and reliability.

Rather than use our speed just to execute more transactions per second, BitMEX does a full risk check after each and every order placement, trade, settlement, deposit, and withdrawal. At all times, all accounts in the system must sum to zero. If they do not, trading is immediately halted for all users.

⦁ Communication Security

BitMEX provides optional PGP encryption for all automated emails. If you wish to take advantage of this, please go to My Account and insert your PGP public key into the form.

Once PGP encryption is enabled, BitMEX systems will encrypt and sign all automated emails sent you to your account by support@bitmex.com.

DEPOSITS

Below we explain how to perform deposits in BitMEX platform.

Under the Account tab, click on the Deposit link highlighted below

bitmex_10

You will be provided a multi-signature address to deposit Bitcoin as exemplified below

bitmex_11

After 1 confirmation, funds will be credited to your account.

The minimum amount to trade on BitMEX varies from product to product depending on the Initial Margin. For XBTUSD (for example) it is $1 USD * 1% (Initial Margin) = $0.01. At a XBT/USD price of $600 this equals 0.00001667 XBT.

WITHDRAWALS

Next, we explain how to perform withdrawals from BitMEX platform.

Under the Account tab, click on the Withdrawal link highlighted below

bitmex_12

The above link will lead you to the withdrawal page below

bitmex_13

It suffices to fill the required data and you are done.

The cutoff time for Bitcoin withdrawals is 13:00 UTC. Shortly after that, Bitcoin will be sent to the address you specified.

At the bottom of the page, you will also find the Withdrawal History.

HOW TO?

If after reading our tutorial you still have doubts on how to use BitMEX platform you can find a complete reference section in their website as well as a FAQ section.
https://www.bitmex.com/register/a3m9W3

How to Market an ICO

What is an ICO?

Bitcoin Magazine portrays an Initial Coin Offering (ICO) as a “raising money component in which new undertakings offer their fundamental crypto tokens”. Now and again blockchain organizations allude to consider this procedure a Token Generation Event (TGE).
Organizations start ICO with the plan of raising digital currency to build up a cryptographic money blockchain application while remunerating early speculators with free tokens for their help.
ICOs are not to be mistaken for Initial Public Offerings (IPO), which empower shareholding to be openly disseminated through guarantors, or venture banks when an organization opens up to the world about offering their stocks.
The principle differentiator between the two is that IPOs offer rewards as benefit profits by shareholding, and ICOs offer their crypto tokens as a shape as a byproduct of interests in the venture.
 

Phases of an ICO

An ICO is certifiably not a static element or a settled procedure that demonstrates effective for each sort of blockchain coin discharge. The blockchain venture that wants to raise reserves by means of pre-deal token buys advances through an actual existence cycle of stages.
Each stage gives a chance to include new esteem while uncovering dangers while giving financial specialists understanding into the execution of the underlying coin advertising.
A natural ICO client encounter (UX) relies upon unmistakably instructing potential financial specialists on how ICOs function, what they gain (or hazard) by putting resources into your venture and by giving straightforwardness into the soundness of the underlying coin offering and task status.
 

The fundamental segments of an ICO are:

These stages can be separated further into pre-declaration activities, statistical surveying, and offer readiness.
A token white paper is typically drafted while the group is built up, plan or advancement associations are shaped, and the extent of assets important to make the raise fruitful is resolved.
ICO Offer Preparation comprises of:
 

  • Presentation
  • Statistical surveying
  • Coin Value Proposition
  • Specialized Specifications
  • Utilize Cases
  • Pre-ICO Preliminary Investments
  • ICO Conditions for Investments
  • Advancement Roadmap
  • Money related Projects
  • Group and Advisory Board
  • End

 

Issues with ICOs

Believability

A July 2018 Bloomberg provide details regarding CryptoAsset Market Coverage Initiation exhibits that while half of all crypto resources are either named security or utility tokens, 90% of significant worth is in coins, while tokens have a 4x speed when contrasted with coins.
Burrowing further, the report uncovers that out of the $8 Billion USD raised, $6.6 Billion USD subsidized effective ICOs, with around 1/tenth of all ICO gathering pledges going to tricks. To calm doomsayers, it’s essential to take note of that $1.2 Billion lost to fake ventures went to three ICO extortion extends that are confronting SEC administrative activity.
Like IPOs that offer securities and offers, blockchain ventures experience ICO additionally ask for gathering pledges from financial specialists.
Two noteworthy obstacles that square ICO gathering pledges endeavors are:

  • Setting up validity
  • Working with potential government direction

 
Financial specialists need to know precisely what they’re putting their cash into and when they will get ROI. On the off chance that a task isn’t trusted or on the off chance that it possibly won’t agree to SEC directions, a speculator will be reluctant to support it.
Straightforwardness in formative courses of events and financing assignment is one path for ICO organizations to guarantee they remain lined up with their unique objectives while likewise keeping speculators on top of it.
Open courses of events are another arrangement, insofar as the ICO is sure it can stay aware of the venture’s objectives and desires.
 

Legalities

Since blockchain is as yet another innovation, the legalities encompassing ICOs are hazy. The U.S. Securities and Exchange Commission (SEC) still can’t seem to completely characterize the structure for ICOs to be viewed as security contributions, which can prompt claims if a supposed security offering isn’t appropriately enlisted. ICO organizations will need to look for lawful counsel to stay away from potential lawful issues.
 

Marketing an ICO Project

Crowdsourced raising money does not pivot completely on the disturbance estimation of a task or the awards of the establishing group. Dialect and plan components potential speculators first experience while investigating your venture can play an integral factor in getting and holding potential financial specialist’s consideration and undertaking steadfastness.
 
Consider it from a financial specialist’s point of view who are you more inclined to trust?

  • Organization A: an ICO with conflicting informing, essential site, and a hazy incentive of the item advertising
  • Organization B: an ICO with an all around built showcasing site, strong marking, steady informing, impactful representations, and continuous updates from the advancement group?

 
Our wager is that you picked Company B. You know the genuine estimation of your ICO, and banding together with an organization can enable you to interpret what you intrinsically esteem about your task into a site and showcasing effort that gives the perceivability and notoriety your ICO needs to succeed.
 

Interior Processes

Advertising an ICO is an extreme occupation, particularly as more blockchain ventures are beginning to immerse the space. The underlying curiosity of ICOs is starting to wear off, and an ICO needs to emerge to pick up consideration.
 

  • Contender Evaluation
  • Ethnographic Research
  • ICO Marketing Website
  • Promoting Strategy
  • Token Sales System

 
ICO promoting efforts rely upon notoriety and perceivability. It is sad to unearth ICOs that fizzle in light of the fact that their showcasing endeavors miss the mark.
Advertiser Dr. Jeffrey Lant’s Rule of Seven expresses that purchasers need to see an item no less than seven times previously focusing on a buy. Joining forces with an organization helps ICOs consistently contact the correct gatherings of people through marking, showcasing web composition, and promoting procedures.
 
These procedures include:

  • Email memberships
  • Website optimization methodologies
  • Abundance battles
  • Occasion arranging and advancement
  • Public statements

Precedents of ICOs

 
Pondering what makes an ICO UX effective? The following are models of ICOs that convey an extraordinary UX and made shrewd, targetted showcasing choices.
 
Ethereum is a dispersed figuring stage that makes utilization of savvy contracts to mechanize forms. At the point when in ICO, it spoke to financial specialists and nerds alike in light of the fact that it was one of the first of its kind.
Ethereum unmistakably passed on the estimation of interest in the brilliant contract and convention blockchain. It additionally conveyed a natural ICO UX by following principals of plan. The initial 12 hours of the pre-offer of the Ethereum token, Ether, brought 3,700 bitcoins up in 42 days.
Storj is a blockchain-based scrambled distributed storage arrangement. While comparative arrangements had just graced the decentralized stage, individuals floated towards Storj as a result of its effortlessness and convenience. Financial specialists and clients valued the straightforward ICO UX in the midst of a horde of burdensome blockchain applications.

REFERENCE LIST

https://www.cointelligence.com/content/ico-marketing-strategy/
 
https://artplusmarketing.com/5-expert-marketing-tips-for-anyone-launching-an-ico-70122eb1f83

Simple Guide for EOS

EOS is Ethereum Operating System, is a blockchain controlled system.
A decentralized system that allows hosting, development and execution of commercial decentralized applications. To understand EOS, one has to understand blockchain and its essence in enabling the functionality and efficiency of EOS.

What is Blockchain?


A blockchain is simply a digital ledger that cannot be tempered with and is programmed to record not only financial transactions, but virtually any data of value.
One of the unique characteristics of a blockchain is that it constantly reconciles its database and does not store data in one single location which therefore hard to corrupt the data.

Structure of EOS

Image source(url: https://steemit.com)

EOS comprises of two key elements;

  1. EOS.IO
  2. EOS token

EOS.IO

The EOS.IO is the operating system of the EOS blockchain and enables the decentralized scaling of applications. EOS.IO helps developers to come up with blockchain related applications focusing on decentralized applications, smart contracts and autonomous corporations.
Smart contracts refer to self-executing agreements between seller and a buyer being directly recorded into lines of code. Smart contracts allow trusted agreements and transactions to take place among disparate and unknown parties without the need of legal system external enforcement mechanism or legal system. They make the transactions transparent, traceable, and irreversible.

EOS token

EOS token is on the hand the cryptocurrency of the EOS network.
EOS alleviates shortcomings with scale while improving the experience of the user when dealing with Ethereum applications. This aids easy execution of small contracts which then enables new types of applications to be built. Lowering or eliminating time associated with executing coding on Ethereum, amounts to valuable market opportunity which has made Ethereum one of the best cryptocurrencies in market capitalization (Seth, 2018).

Aim of EOS


There are already several blockchain based networks existing like Ethereum, which enables decentralized application.
EOS focuses on the solving the limitations of other networks. Its aim is to solve the limitations by;

  • Fixing the problem of scaling by providing an alternative network that can withstand millions of transactions in a split second
  • It generates a developer friendly platform for building a new, fast Ethereum decentralized applications.
  • It is developed in part by Dan Larimer, who has worked on other successful blockchain projects including Bitshares and Steemit.
  • The EOS token itself is only required for the registration of new applications. Its demand is based solely on the need for EOS, which grows as more products are built on top of the Ethereum blockchain

EOS tries to address the following shortcomings by providing more scalability, usability and flexibility through its unique mechanism.
EOS enables flexibility by promoting free usage by the user which is simply eliminating transaction charges and allowing developers to utilize the network in proportion to their stake; peer-to-peer transaction model. EOS uses proof of stake concept which enables flexibility constant high level decisions.
Proof of work is the validation of work that has taken place and providing prove that it has taken place it mostly followed by bitcoin to authenticate that the chain is effective. Proof of stake on the other is an alternative means of validating and verifying a block or transactions . This type of process eliminates challenges experienced in proof of work and is believed to be advantageous in the way that;

  • There is no need for costly hardware as a computer will come up with the figures as long its online
  • It is power efficient as there is no much electricity consumption
  • The validators are loyal and more likely to give accurate results
  • It gives fast validations than PoW in general

Price trend of EOS


The highest price was recoded as 21.46$ in the end of April in 2018. This coin has much bigger volatility because the trading volume is still very small.
Right now EOS price is 5.25$. Compared to the price last year, it has been already 5 times. We can expect the growth of price more if the project can implement more attractive projects.

【参考】
EOS Homepage
[EOS Go Block Producer Report] EOS NodeOne