John McAfee Will No Longer Promote ICOs Cites SEC Threats’

John McAfee Will No Longer Promote ICOs, Cites ‘SEC Threats’

Anti-virus pioneer and crypto evangelist John McAfee

tweeted that he will no longer work with initial coin offerings (ICOs) or promote them due to “threats” from the U.S. Securities and Exchange Commission (SEC). The SEC declined to comment on his statement. In April, McAfee revealed that he charges $105,000 per tweet to promote cryptocurrency projects and products. McAfee claimed that if you divided the cost by his total number of Twitter followers, the “cost per investor reached” is only $0.13, to which he added, “This is orders of magnitude less than any other approach.” In January, Cointelegraph asked McAfee in an interview whether anyone had tried to pay him for promoting a project or product, and if so, which projects.

McAfee replied:

“I would say definitely they tried to pay me. I'm not going to talk about my personal finances where I make my money or from who. I set up on stage as it’s my business and it should be everybody's business. And actually, I think it's rude to even ask such questions of people. No offense.”

When asked whether he felt responsible for the pump-and-dump schemes that sometimes follow his endorsement, he said, “Absolutely not.” Last month, McAfee announced plans to release his own “fiat” currency backed by cryptocurrency, which will be redeemable for face time with him. He said that the  McAfee Promissory Note will be connected to a blockchain by tokens and can be redeemed for up to 100 minutes of personal time with him at a location anywhere in the world.

The crypto advocate also hit headlines earlier this month when he announced a 2020 presidential bid as a way to serve the crypto community. McAfee then tweeted about the run, noting that although he doesn’t think he actually has a “chance of winning,” the bid will give him a platform to tell the “truth.”

Last month, the SEC launched a fake ICO website to increase awareness of the typical warning signs of scam ICOs and to promote investor education. The website includes such details as a misleading and blurry white paper, guaranteed returns claims, celebrity endorsements, and a countdown clock that is “quickly running out on the deal of a lifetime.” In April, SEC Commissioner Robert Jackson criticized ICOs, stating that the crypto space “has been full of troubling developments that we’ve seen at the SEC, and especially the ICO space.”

Article Produced By
Ana Alexandre

Total change in her career took Anastasia into the world of analytics and business information as a researcher and translator in 2010. Some time later she got into FinTech, a dynamically developing segment at the intersection of the financial services and technology. Ana joined Cointelegraph in September 2017.

https://cointelegraph.com/news/john-mcafee-will-no-longer-promote-icos-cites-sec-threats

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Blockhive Introduce The ILP Markethive is implementing it

The Next Generation of ICO Is Here? Blockhive Introduce The ILP

We’re entering into a new world of finance and transfer of value, one that could have large implications for many current intermediaries and many individuals all across the globe.

In this era we have a trustless system where exchanges are to happen peer to peer in a seamless manner, this is facilitated by the blockchain and interesting features such as smart contracts. These features have contributed to interesting mechanisms that institutions are using to raise capital to fund operations while using that same capital to form an economy where that specific form of capital, that issued token, is what’s used as the currency of trade.

This mechanism is called the Initial Coin Offering and it has been a mechanism that has grown rapidly in the past, yet, there have been forms of abuse in this direct to market offering sort of mechanism and governments have looked into regulating it, while some, such as China and South Korea have went as far as banning this new sort of funding vehicle.

This state of uncertainty has caused some organizations to act and provide their unique solution to this new market need.

The introduction of the ILP

The Initial Loan Procurement (ILP) is introduced to serve as an alternative to the Initial Coin Offering, providing for global financing using cryptocurrency.

ILP’s were introduced to alleviate the current issues that were surrounding ICO’s. These issues stem primarily around the aspects of legal and taxation, both, serving as major concerns for any reasonable and sophisticated investor.

Another issue that is continuously brought up around the idea of ICO’s is the question of, can this business truly create an economy that sustains its native token? Sometimes, the answer comes up as no, going further into the matter, at times, one might even find that setting up an economy through the ICO funding vehicle could contribute to a worse experience for the user.

How does ILP solve these issues?

Through the future loan access token (Flat). This a mechanism formed to overcome issues of taxation and regulation. It works through a simple process and also acts a token model, one issues these through Ethereum using an EIP20 standard. This essentially enables a token agreement with the token issuer as well as the transfer of agreement to others. Those who hold FLAT tokens are able to digitally sign a loan agreement, become a creditor and receive interests through the feature of  Agrello smart contracts.

A key feature of the ILP structure is that creditors are able to transfer rights to a new creditor if they wish to do so.

Initial Deployment and the Future

The organization behind this new structure, Blockhive, in conjunction with Agrello, will be issuing the first ILP from January 26th through the end of February 9th.

After they use and deploy this initial funding vehicle, it is expected that others too, will start to use it as a solution to their regulatory and taxation struggles. Interested parties will be able to access and use this new form of financing through the joint venture platform, tokennote.io.

What are the highlights of the Initial Loan Procurement Vehicle?

  • Accessible Globally
  • Legally Binding, recorded on the blockchain, thus providing security for creditors
  • ILP is structured in the format of loans, thus allowing for it to not be subject to taxes, a necessity when raising funds for a new venture
  • No need for a new and unnecessary and purposeless token

The ILP is regulation-friendly, blockhive has conformed to regulatory frameworks, making certain that issuers comply with anti-money laundering laws

We’re entering into a new world of finance and transfer of value, one that could have large implications for many current intermediaries and many individuals all across the globe.

In this era we have a trustless system where exchanges are to happen peer to peer in a seamless manner, this is facilitated by the blockchain and interesting features such as smart contracts. These features have contributed to interesting mechanisms that institutions are using to raise capital to fund operations while using that same capital to form an economy where that specific form of capital, that issued token, is what’s used as the currency of trade.

This mechanism is called the Initial Coin Offering and it has been a mechanism that has grown rapidly in the past, yet, there have been forms of abuse in this direct to market offering sort of mechanism and governments have looked into regulating it, while some, such as China and South Korea have went as far as banning this new sort of funding vehicle.

This state of uncertainty has caused some organizations to act and provide their unique solution to this new market need.

The introduction of the ILP

The Initial Loan Procurement (ILP) is introduced to serve as an alternative to the Initial Coin Offering, providing for global financing using cryptocurrency.

ILP’s were introduced to alleviate the current issues that were surrounding ICO’s. These issues stem primarily around the aspects of legal and taxation, both, serving as major concerns for any reasonable and sophisticated investor.

Another issue that is continuously brought up around the idea of ICO’s is the question of, can this business truly create an economy that sustains its native token? Sometimes, the answer comes up as no, going further into the matter, at times, one might even find that setting up an economy through the ICO funding vehicle could contribute to a worse experience for the user.

How does ILP solve these issues?

Through the future loan access token (Flat). This a mechanism formed to overcome issues of taxation and regulation. It works through a simple process and also acts a token model, one issues these through Ethereum using an EIP20 standard. This essentially enables a token agreement with the token issuer as well as the transfer of agreement to others. Those who hold FLAT tokens are able to digitally sign a loan agreement, become a creditor and receive interests through the feature of  Agrello smart contracts.

A key feature of the ILP structure is that creditors are able to transfer rights to a new creditor if they wish to do so.

Initial Deployment and the Future

The organization behind this new structure, Blockhive, in conjunction with Agrello, will be issuing the first ILP from January 26th through the end of February 9th.

After they use and deploy this initial funding vehicle, it is expected that others too, will start to use it as solution to their regulatory and taxation struggles. Interested parties will be able to access and use this new form of financing through the joint venture platform, tokennote.io.

What are the highlights of the Initial Loan Procurement Vehicle?

  • Accessible Globally
  • Legally Binding, recorded on the blockchain, thus providing security for creditors
  • ILP is structured in the format of loans, thus allowing for it to not be subject to taxes, a necessity when raising funds for a new venture
  • No need for a new and unnecessary and purposeless token

The ILP is regulation-friendly, blockhive has conformed to regulatory frameworks, making certain that issuers comply with anti-money laundering laws

Markethive isw utilizing this loan based crowd funding option.

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The 5 18 Things Elon Musk Does Every Day to Make Himself Productive

The 5 Things Elon Musk Does Every Day to Make Himself Productive

Elon Musk gets more done each day than any three random CEOs. Here's how he manages it

Last week, I pointed out that because Elon Musk can successfully run multiple businesses, he could run any one of those businesses working part-time. Because of this, mere mortals like you and me should be able to create and run a business without working long hours– certainly not more than 40 hours a week.

As you can imagine, I got some pushback on that concept, probably because I neglected to point out specifically what Elon Musk does to manage his time better than your average insanely successful entrepreneur.

I've not worked with Musk personally or interviewed him but I watch him and his companies pretty closely. Here are some specific techniques that have emerged either from Musk's speeches or from his actions as reported in the news:

1. He doesn't bother with business plans.

In a recent appearance at SXSW, Musk explained that he's not a big fan of business plans. Instead, he works at the visionary level and leaves the operational details to others.

By contrast, most CEOs (including Steve Jobs, BTW) tend to get deeply involved in the business planning process, even to the point of micromanaging it.

The main point of a business plan is to get funding; after that, you're probably better off setting ambitious goals and improvising a way to get there (i.e., pivoting).

 

2. He immediately ends pointless conversations.

As I mentioned out in "Elon Musk Just Gave the World's Best Productivity Advice in a Single, Short Sentence," when Musk perceives that people are wasting his time, he cuts them off, even if it seems rude. To his way of thinking, what's truly rude is forcing him to listen to conversations that are neither interesting nor useful.

For example, when some analysts at a financial update meeting asked him some stupid questions, Musk just pointed out that the questions were "bonehead" and moved on. While he got flak for this, subsequent events have proved Musk right: The question were bonehead.

By refusing to suffer fools gladly (or otherwise), Musk probably frees up a dozen or more hours each week to do other, more useful things. As an additional bonus, he isn't forced to clutter up his mind with other people's irrelevant nonsense.

 

3. He immediately walks out on useless meetings.

Similarly, if a meeting wanders or is on a subject that's not immediately relevant, Musk simply gets up and leaves. More important, he also gives his staff and employees permission to do the same.

Since meetings are the biggest time wasters in business, Musk, by refusing to be part of a captive audience, probably frees up another dozen hours a week that he can spend on something useful or amusing.

 

4. He avoids foolish consistencies.

Musk isn't afraid to contradict himself. As a result, he doesn't waste his time defending the indefensible.

For example, while Musk frequently touted that Model 3 factory as almost entirely automated, he didn't hesitate to publicly announce it when he swapped out some automation in favor of human labor.

Most CEOs would have quietly made the change and then tried to bury it to avoid some bad PR. This adds the time and mental burden inherent in any cover-up that could turn into a PR disaster.

It's much more time-effective to do what Musk does in such situations: Bite the bullet and then move on.

 

5. He decides rather than deliberates.

In my experience and observation, most CEOs–even entrepreneurs–tend to overthink and overanalyze before taking action.

By contrast, while Musk never appears to be acting out of ignorance, it's obvious from the pace of his decision-making that he prefers to decide to take action (with all its attendant risks) to talking a decision to death.

A perfect example of this was when he fired all the Tesla contractors who couldn't find a Tesla employee to vouch for them. Most CEOs would have tried to cut the contractors "with all due speed," taking months to do something that could apparently be accomplished in a single day.

 

  By Geoffrey JamesContributing editor, Inc.com@Sales_Source

 

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What Is EON? Why Is It So Popular Among EOS Investors?

What Is EON? Why Is It So Popular Among EOS Investors?

With EOS mainnet launch, airdrops to EOS users are increasing rapidly.

Among these airdrops, EON is the most valuable one. Many EOS investors refer to it as “the most expensive crypto candy in history”.

This article will discuss what is EON and why it is so popular.

The most revolutionary technology:
up to 100,000 TPS solving the biggest problem of EOS

According to its website (https://eon.org/), EON is an intelligent high-speed blockchain operating system. By intelligently allocating the entire network computing power to synchronize the node load with the cloud network in real time, it can make the average TPS of the entire network reach more than 100,000. All network requests can also be completed almost simultaneously. This fundamentally solves the problem of a mere 4000 TPS caused by numerous network requests generated in a single EOS transaction.

TPS (transaction per second) is the number of transactions system processes per second. It is the core performance of a public chain and the basis for determining other functions and visions of the public chain. EON’s realization of 100,000 TPS undoubtedly addresses the biggest pain point. As the number of global nodes increases in the future, EON's TPS will eventually reach more than 1 million.

Currently many blockchain projects are in the conceptual phase and haven’t been commercially implemented. As the world's leading blockchain project, EON has begun to be put into practice. On the basis of EOS, EON integrates distributed computing with traditional technologies such as network storage, virtualization, load balancing, and hot standby redundancy to upgrade the existing EOS network. It not only inherits the advantages of EOS, but also achieves an evolution of EOS ecology. EON is the next-generation high-speed blockchain system that has fundamentally solved the biggest pain point of EOS.

The latest development: EON Editor

With the world's leading R&D team, EON is committed to changing the current blockchain value ecology and redefining the blockchain value standard from its inception. On 2nd June, EON launched the world’s first cloud-based smart contract editor EON Editor (editor.eon.org), which is eagerly anticipated by the global blockchain enthusiasts.

EON Editor provides developers with a more secure and reliable development environment by integrating development environment in the cloud. Cloud-based development environment means that developers can connect to the network from anywhere to complete projects, easily define resources, debug, and quickly share the development environment. Developers only need a computer connected to Internet to access the web browser instead of installing files or configuring development computers. They can use EON Editor to easily complete the development, debugging, and compiling of smart contracts in the cloud.

Roughly speaking, EON Editor has four core advantages: First, developers do not need to configure the development environment, but can complete smart contract development on the browser. Second, real-time collaborative writing code and shared development environment achieves telecommuting. Third, it lowers the threshold for the development of smart contracts so that new projects can be quickly built. Fourth, developers can easily implement DApps based on EON super ecology.

The launch of EON Editor will greatly increase the efficiency of developers, fundamentally promote the development of the entire blockchain industry, and redefine the standard of blockchain value. Blockchain technology has many advantages, but novice users face many difficulties to develop their own blockchain products. This has been changed by EON Editor. It is the realization of the genius design of EON project "EON=EOS+NETWORK" and will definitely redefine the blockchain development standard.

Strong team

EON announced its partnership with the world’s top blockchain information security team on 5th June. They are committed to enhancing the overall safety, privacy, and usability of the blockchain ecosystem by publishing industry trend reports, real-time monitoring of ecological security risks, responsible exposure of vulnerabilities, and providing relevant security solutions and services to help communities defend against emerging security threats.

Another team working with the EON project is Armors Labs. As the world's top blockchain security laboratory, Armors aims to focus on the blockchain security cloud ecosystem. Their team members mainly come from Apple, Google and other world's top Internet companies. At the beginning of this month, EON team revealed that they had received investment from INBlockchain Capital founded by Li Xiaolai, Consensus Labs,CollinStar, Horman Capital, as well as OldDriver and Zenix from South Korea. These investors are influential in blockchain industry and have already invested in a large number of popular projects.

The potential of EON

We all know that as one of the most famous blockchain projects, EOS has far more investors than others. EON can directly reach EOS users by its airdrop to them. Increasing the liquidity of EON and getting listed on exchanges has always been a concern for the project team. EON has already been listed on Coinoah and Coinw, where its prices have been steadily rising as of press time. Its price hit a peak of $1.56, which fully demonstrates the wide recognition of EON’s value. At the same time, EON is promised to list on more global mainstream cryptocurrency exchanges in 2018. To sum up, driven by the strength of capital and its increasing influence, EON's price is reasonable to rise by three to five times in 2018. If listed on large exchanges, it is very likely to jump sharply.

Of course, the price may be affected by positive news in the short term. However, in the long run, it must reflect the practical value of the project. Now it is the moment when EON siphons other public chains, and its price is ushering in a solid support. As the next generation of blockchains, EON is very likely to lead the development of global public chains in 2018 and create a new era. The future of EON is coming. You might have missed buying pizza with BTC, ETH's crowdfunding or the early EOS… But don't miss out on EON!

Article Produced By
EON.INC

http://eon.org/
pr@eon.org
https://cointelegraph.com/press-releases/what-is-eon-why-is-it-so-popular-among-eos-investors

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South Korea to Develop Crypto Beach’ Modelled After Switzerland’s Crypto Valley’

South Korea to Develop ‘Crypto Beach’, Modelled After Switzerland’s ‘Crypto Valley’

South Korea has revealed plans to launch a blockchain center

in Busan city modeled on the Swiss Crypto Valley, local news outlet Edaily reported June 14. At a recent blockchain event in Seoul “2018 Global Blockchain Conference,” chairman of the Korea ICT Financial Convergence Association Oh Jung-geun claimed that the organization seeks to build a space similar to the “Crypto Valley” located in the Swiss canton of Zug. "We need a place to concentrate on the cryptographic industry in Korea like the Crypto Valley in Switzerland," Oh said at the event.

The association reportedly plans to launch the “Crypto Beach” space at Haeundae, Busan. Located in eastern Busan, South Korea, Haeundae is an affluent beachfront community that attracts thousands of tourists each summer. The space has also been classified as a commercial development center by the government in recent decades. The Association reportedly plans to discuss the project with Busan authorities on Aug. 30. Oh pointed out that many South Korean companies must launch initial coin offerings (ICOs) overseas due to the government’s current ban on ICOs. Oh expressed concern about the lack of understanding of the new technology and its benefits by local authorities and their strict regulations.

In September 2017, South Korean financial authorities announced a ban on ICOs, claiming they should be strictly controlled and monitored. The government has ostensibly realized the risks associated with banning the practice, such as displacement of talent and investment  overseas, as South Korean lawmakers are reportedly working on legislation that aims to lift the existing ban on ICOs. As Cointelegraph reported earlier, Switzerland is the most blockchain-friendly country in the world. Swiss Crypto Valley, a state-backed blockchain consortium was launched in March 2017 to support the development of blockchain and cryptography-related technologies and businesses. Last week, the city of Zug announced it will trial blockchain-powered municipal voting this summer.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/south-korea-to-develop-crypto-beach-modelled-after-switzerland-s-crypto-valley

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Initial Coin Offering ICO

Initial Coin Offering (ICO)

DEFINITION of 'Initial Coin Offering (ICO)'

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.

BREAKING DOWN 'Initial Coin Offering (ICO)'

When a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO), it usually creates a plan on a whitepaper which states what the project is about, what need(s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the virtual tokens the pioneers of the project will keep for themselves, what type of money is accepted, and how long the ICO campaign will run for. During the ICO campaign, enthusiasts and supporters of the firm’s initiative buy some of the distributed cryptocoins with fiat or virtual currency. These coins are referred to as tokens and are similar to shares of a company sold to investors in an Initial Public Offering (IPO) transaction. If the money raised does not meet the minimum funds required by the firm, the money is returned to the backers and the ICO is deemed to be unsuccessful. If the funds requirements are met within the specified timeframe, the money raised is used to either initiate the new scheme or to complete it.

[ Initial coin offerings are appealing to traders for the same reason that initial public offerings – they offer a high level of volatility as the market comes up with an appropriate price for the asset. If you're interested in learning how to trade cryptocurrencies, Investopedia's Crypto Trading Course provides a comprehensive overview of the subject taught by a Wall Street veteran. You'll learn cryptocurrency basics, how to setup a wallet, and how technical analysis can be used to identify opportunities. ]

Early investors in the operation are usually motivated to buy the cryptocoins in the hope that the plan becomes successful after it launches which could translate to a higher cryptocoin value than what they purchased it for before the project was initiated. An example of a successful ICO project that was profitable to early investors is the smart contracts platform called Ethereum which has Ethers as its coin tokens. In 2014, the Ethereum project was announced and its ICO raised $18 million in Bitcoins or $0.40 per Ether. The project went live in 2015 and in 2016 had an ether value that went up as high as $14 with a market capitalization of over $1 billion.

ICOs are similar to IPOs and crowdfunding. Like IPOs, a stake of the startup or company is sold to raise money for the entity’s operations during an ICO operation. However, while IPOs deal with investors, ICOs deal with supporters that are keen to invest in a new project much like a crowdfunding event. But ICOs differ from crowdfunding in that the backers of the former are motivated by a prospective return in their investments, while the funds raised in the latter campaign are basically donations. For these reasons, ICOs are referred to as crowdsales.

Although there are successful ICO transactions on record and ICOs are poised to be disruptive innovative tools in the digital era, investors are cautioned to be wary as some ICO or crowdsale campaigns are actually fraudulent. Because these fund-raising operatives are not regulated by financial authorities such as the Securities Exchange Commission (SEC), funds that are lost due to fraudulent initiatives may never be recovered.

The rapid ICO surge in 2017 incurred regulations from a series of governmental and nongovernmental In early September, 2017, the People's Bank of China officially banned ICOs, citing it as disruptive to economic and financial stability. The central bank said tokens cannot be used as currency on the market and banks cannot offer services relating to ICOs. As a result, both Bitcoin and Ethereum tumbled, and it was viewed as a sign that regulations of cryptocurrencies are coming. The ban also penalizes offerings already completed. In early 2018, Facebook, Twitter, and Google all banned ICO advertisements. 

Article Produced By
Investopedia

https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp

 
 

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Upcoming EOS Airdrops in June

Upcoming EOS Airdrops in June

 

June is proving to be a busy month for EOS.

First came their much anticipated mainnet launch and the 20% market growth which accompanied it. Then the mainnet launch stalled, and this was accompanied by the sudden global market dip of ‘Sunday Bloody Sunday’; which saw EOS lose 30% of its value. The mainnet launch attracted a lot of attention over the course of the last month, with much of it being positive. But now the headlines have soured, and questions are being raised about the team’s ability to clean up the hundreds of bugs still plaguing the platform; as well as the failure to reach a consensus among the platform’s block producers.

Regardless of the furore of the last couple of weeks, EOS remains a much hyped blockchain operating system, and it has a host of projects looking to launch themselves to success by starting on the EOS launchpad. EOS is host to 18 projects who have announced airdrops for the month of June alone. Some of these have already passed, while some have gone relatively unnoticed. But there’s still plenty to come, so let’s take a look at some of the tokens are going to be airdropping to EOS holders before the month is out.

Lab Ledger (LAB)

Lab Ledger aims to corner a very specific market – the scientific journal industry. According to Lab Ledger’s problem-statement, they are seeking to redress the imbalances of the peer-review journal industry, which have seen subscription prices rise 251% in under twenty years. At the same time, leading scientific journals have become unbelievably money-makers, and can afford to charge what are unreachable prices for many scientific researchers. This oligopoly which has emerged threatens to shut out serious scientific voices, simply because they can’t stump up the bribe required to have their research seen.

At least this is the picture painted by Ledger Labs, who aim to circumvent the ridiculous pricing of journal industry by moving the process over to the blockchain – in this case, the EOS blockchain. While the idea may seem incredibly niche, this is one of the few attempts to transfer an industry onto the blockchain that actually seems to have some merit. The main obstacle for Lab Ledger will be adoption. How many scientists will publish their papers on a platform which no one knows exists? But that’s the same problem which faces many blockchain services, so Lab Ledger isn’t alone on that front.

LAB airdrop date: June 21st

Atidium (ATD)

Atidium are airdropping 900,000,000 ATD tokens on a 1:1 ratio for EOS holders.This amounts to 60% of their total token allocation, with the rest being split among the team and the marketing department. Atidium aims to provide a cryptocurrency that will help users keep track of their finances, and includes a few unique features to help with general financial management.

One example is the proposed ability to ‘color’ coins – that is, to mark them as being for a very specific use. At the same time, Atidium proposes a shared wallet system, where you could allocate your son a token amount which could only be spent in a certain place. The Atidium roadmap is still a long way from completion, and their level of ambition would require untold amounts of work; both technical and social. For Atidium’s application to be worth anything, it would need to secure adoption by hundreds, if not thousands of real world vendors. It’s not impossible, but certainly ambitious.

ATD airdrop date: June 28th

HorusPay (HORUS)

HorusPay is an upcoming EOS project which aims to provide a platform for payroll services. According to HorusPay’s website, typical payroll vendors charge up to 40% for their services, and HorusPay wants to cut out the middle-man and provide an automated system for the management of payrolls.

Users would presumably benefit from the core blockchain values of security and decentralization, and while the transfer of financial services to the blockchain is a viable idea, there are also many crypto projects looking to invade this space.

Blockchain platforms which focus on purely financial services tend to miss out on much of the typical cryptocurrency hype. The average crypto investor can’t tell the difference between the hundreds of ‘decentralized payment and remittance platforms’ which pop up every year. For HorusPay to make an impact, one would think they’d have to either show up with some kick-ass technology in tow, or ramp up the hype train with some partnerships or similarly promising announcements.

HORUS airdrop date: June 30th

Prospectors (PGL)

Prospectors is what’s known as a Massive Multiplayer Online Real Time Economic Strategy (MMORTES) – a game which focuses resource management and economic strategy. The gameworld models the economic situation of the late 19th / early 20th century, and players must compete in the process of mining for gold.

The game has been alpha-tested for a while now and the team recently announced the transition to beta-testing towards the end of May. Gameplay videos can be found on YouTube, and Prospectors seems like it may have the potential to do well, even among the currently saturated blockchain-gaming ICO market. By all accounts, Prospectors appears to have more going for it than the many CryptoKitties knock-offs that appear on a daily basis. While the game does involve buying assets and selling them on (the entirety of CryptoKitties), it also involves the extra layers of strategy afforded by the requirement that you actually set up a prospecting business.

This means that before you get to the gold mines, you’ll need to get your tools, resources and team all in order. PGL tokens represent said gold and fuel the in-game economy. The marketing materials for the game claim that it operates on free-market principles; with in-game prices being reflective of the supply and demand of its user base. If previous blockchain games are anything to go by, this probably means that game items will be priced exorbitantly upon launch, when there are too few players to make up the economy. However this is speculation, and Prospectors could yet prove to be the blockchain game that bucks the trend.

PGL airdrop date: 30th June

And a few more…

Many EOS airdrops are scheduled for the month of June, but some of them have undefined dates. CETOS, for example, is a blockchain project which aims to become a facilitator for day-to-day healthcare services. They’ve set an airdrop date of ‘June/July’. EOS Cafe aims to airdrop its BEANS tokens to users some time around June, but no clear date has been set. EOS Cafe has the long term goal of setting up EOS-focused coffee-shops and hack-spaces.

Another undefined airdrop date in June belongs to EOX – a proposed global crypto commerce platform where everything can be bought with cryptocurrency. While the ONO Social Network rounds off those airdrops listed for unspecified dates in June, and will release their tokens in a 1:1 ratio against EOS tokens.

Going, Going… Gone!

Many tokens have already dropped this month, with projects such as Tokena, Evolution, EOS Sports Bets, EOS Classic, and EON releasing tokens to registered EOS holders. Several are launching right now, or are due to launch in the next few hours, such as Chaince, Everpedia, KEOS and Scatter.

Article Produced By
Greg Thomson

4.5 stars on average, based on 9 rated posts Greg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.

https://hacked.com/upcoming-eos-airdrops-in-june/

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Gecko Governance aims to make ICOs less slithery and far more tangible

Gecko gets its crypto groove on

with ICO compliance tool and looming ICO. The promise of blockchain has been undermined and the shine taken from cryptocurrencies by questionable initial coin offerings (ICOs) and highly publicised spates of crypto-jacking and coin fraud. But now, a new tool from Irish start-up Gecko Governance could bring them back to the fold in terms of the accountability and the transparency that blockchain is meant

to be all about.

‘The current lack of governance standards within the ICO market is a barrier to the continued growth of the global blockchain ecosystem’
– SHANE BRETT

Gecko has developed a new platform called Gecko Crypto1, which will address the issues of accountability and transparency within the ICO market by allowing companies to manage ICO projects before, during and after the capital raising period. Not only will this ensure continuous compliance with national and international regulation, it will also allow ICOs to be better vetted by investors while providing an independent audit trail for regulators.

Gecko plots its own ICO

Gecko – a previous Siliconrepublic.com Start-up of the Week that is backed by Cosimo Ventures and counts Grant Thornton among its clients – is also planning to embark on its own ICO in the coming months. “2017 saw over $6.8bn raised through token sales, showcasing an incredible potential to finance ambitious products and start-ups,” said Gecko co-founder and CEO Shane Brett.

“However, the current lack of governance standards within the ICO market is a barrier to the continued growth of the global blockchain ecosystem and may even become a point of failure. “Gecko aims to bring transparency, accountability and reliability to the ICO market, facilitating its maturation into a scalable and secure industry in which to do business,” Brett added. The Gecko Crypto1 platform recently received approval from the Isle of Man Financial Services Authority for use by companies and organisations conducting token sales.

“This is a wonderful moment for Gecko as we move in a new direction, bringing the same level of accountability and transparency to the ICO market as we have been providing to the funds compliance industry for years,” Brett continued. “Our ICO will not only allow us to effectively scale our platform to address the requirements of the global blockchain ecosystem, but gives us the opportunity to showcase the best practices which Gecko will bring to the fore in the international token market.”

Article Produced By
John Kennedy

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com

https://www.siliconrepublic.com/start-ups/gecko-ico-regulatory-compliance-tool

TP

CryptoCurrencies: What is an Initial Loan Procurement and why it will drive the Markethive

CryptoCurrencies:
What is an Initial Loan Procurement and why it will drive the 
Markethive.

There seems to be a lack of awareness around Initial Loan Procurements (ILPs), as well as a lot of confusion if that. This post will try to explain what ILPs are and their significance to finance and Markethive.

The Initial Loan Procurement is a new fundraising method that is similar to an Initial Coin Offering (ICO) but in the form of loans rather than coins. In this ILP scenario, borrowers and creditors enter loan agreements through legally binding smart contracts. Markethive is one of the firsts to offer an ILP along with the originator from Blockhive.

ILPs (Initial Loan Procurement) disrupt the global debt capital market and have the potential to become bigger than ICOs. Blockchain is revolutionizing finance, especially capital markets, which allow companies (and even governments) to raise money from investors globally.

Let’s talk about how companies and governments raise investor money:

Companies can either sell stakes in the company or equity. This is done by issuing stocks and stockholders share the company’s profits. Likewise company losses are stockholders losses and companies aren’t required to pay the investors back. On the other hand, companies can borrow from investors by issuing corporate bonds. Although bondholders don’t share in the company’s profit, they will be paid back their original investment + interest unless the company goes bankrupt.

Governments can issue government bonds to big investors as well and the logic works the same as corporate bonds. Since the government is deemed less risky, government bonds typically have lower interest rates. Examples are US Treasury bonds.

When companies/governments first issue these financial securities, they are issued in what is called the primary market. The average joe does not participate in this market. The big banks and institutional investors are the usual investors. After this, the already-issued securities are traded in the secondary market which includes retail investors like the average joe. Ex. Stock market

Then there’s the private capital market. All companies start private and once they get big, they might go public and list on one of the stock exchanges. Ex. Uber is currently a private company valued at $70B, and they are supposedly planning an IPO soon. Only then, would the average joe be able to buy Uber stocks and invest in the company. So who invests in these private companies early on? Big institutional investors such as Venture Capital firms (VCs) with lots of money get to invest early on for equity and if the company takes off, they could multiply their investments by orders of magnitudes.

This was how things were done TRADITIONALLY. With Blockchain technologies, modern finance is changing. Initial Coin Offerings provide companies (and governments) with a whole new way of raising capital. It’s easier, faster, and the whole world gets to participate. Although coins are not 100% like stocks, a lot of them behave that way: Many tokens will profit if the issuing blockchain company becomes successful. (For example exchange token holders earning trading commission fees). Like stocks, there is no legal obligation for the company to pay the investors back their original investment. Initial Coin Offerings serve as the primary market and exchanges like Binance serve as the secondary market. This change is happening extremely fast. In 2017, more money was raised with ICOs for blockchain start-ups than ALL of Venture Capital. Pretty much EVERYONE can participate in these ICOs as well as trade the tokens once they are listed on exchanges.

This is why regulators are going crazy about cryptocurrencies right now. Throughout history, financial market crashes have devastated many lives, and each time regulators stepped in with rules to protect consumers. Let’s not debate the pros and cons of regulation here, but it’s just the way things are. With cryptocurrencies, regulators see more risk than ever for consumers as now regular people are participating not just in this unregulated secondary crypto market, but in primary markets as well through ICOs.

Meanwhile, the global debt capital market has barely been disrupted by blockchain tech. If anything, there are many crypto projects in the works for peer-to-peer lending, but there is only one project that I know of focused on disrupting the public debt capital market: Initial Loan Procurements (ILPs).

A fundraising structure utilized by Markethive, this has the potential to grow even bigger than ICOs (The world debt market is way bigger than the world equity market). This year Markethive will be one of the firsts to offer an ILP, like Blockhive, and will be one of the first companies to raise capital by decentralized crowdfunding of debt.

To summarize Markethive’s ILP: we are targeting 10.5M Dollars (USD in Bitcoin) from lenders (think ILP). In this decentralized world, anyone can participate. The loan period is projected to be 10 years and the interest is 20% of Markethive’s operating profit. For example, if I lent Markethive  $1,000 through this ILP, I will be repaid this principal in 10 years, and also earn interest over that period (In Markethive's case, 20% of Markethive’s operating profit will be distributed across the lenders. Furthermore, the ILP structure issues Hive Foundation Shares (HFS), which will allow me to sell my loan contract in the secondary market, if I don’t want to wait 10 years to be paid back. Each ILP will have its own FLAT to provide liquidity in the secondary market. Markethive's FLAT is also called Hive Founding Shares.

All ILPs are powered by legally-binding smart contracts (loan contracts between each creditor/issuer), and digital identity/signature solutions. The token utilized for these products will be traded on the open market exchanges (yet to be announced)

This is HUGE. Instead of issuing traditional bonds, corporations and governments can participate in this decentralized form of crowdfunding loans. It’s fast, easy, and the whole world can participate.

'

The financial revolution is now just starting.

The need

The Markethive team believes that there is a need for an alternative to ICO due to the following shortcomings. The token economy is based on the demand, and sometimes selling tokens doesn’t make sense because the token has no real function for your business. Also, laws and regulation are an important consideration, because countries such as China have banned ICOs. Taxes also play a major part. Some countries consider money raised through ICOs to be income rather than capital and may tax it at rates as high as 40 percent.

The alternative 

Markethive has partnered with smart-contract development firm Menlo Tech and the original developer of the Monero Coin to develop a way to raise funds using loans. Here are some unique points of ILP:

The structure is as effective as an ICO because it is open to individuals around the world.

It is legally binding because agreements are digitally signed using blockchain technology which records information in a distributed database so they can’t be easily altered, adding a level of security for creditors.

Because ILP is in the form of loans, it is considered to be debt, and not subject to tax.

For businesses that don’t need tokens in the first place, ILP provides an alternative so more time and energy can be spent on business development, rather than creating tokens with no actual usage.

The ILP is regulation-friendly. Markethive conforms with regulatory frameworks designed to fight fraud and money laundering. Therefore, participants of ILP will be required to submit their identification and to go through the process of authentication (KYC).

The Markethive team says, “ILP provides a fast track alternative so more time and energy can be spent on business development. Last, but not least, because ILP is in the form of loans, it is considered to be debt, and not subject to tax.”

How does it work?

In Markethive’s case,

We first ask our creditors to register their identification, address and other information.

Then, they will digitally sign the loan agreement and send Bitcoin to our registered account.

Once we receive the Bitcoin, the contract is made.

That means Markethive’s creditors can receive 20 percent of Markethive’s monthly profit as an interest payment.

After the loan contract is made, Markethive will issue the Hive Foundation Shares (HFS the FLAT  Future Loan Access Tokens). HFS gives creditors the right to transfer loans to others, using Markethive’s Wallets, Markethive’s internal exchange or on public exchanges.

The team further clarifies, “When individuals receive HFS tokens, they become potential creditors and can use the tokens to sign loan agreements with the borrower, in this case, Markethive. Once they have signed the loan agreement with Markethive, they are now the new creditors of the loan agreement and they will get the interest payments.”

Take part in the Markethive ILP

The ILP seems like a much more secure approach to fundraising while keeping the ease of raising funds like the ICO. Markethive is a first test case of this new funding method. It is currently in pre-launch and you can register for it here – https://markethive.io

 

Thomas Prendergast
Founder

Markethive

 

 

 

 

TP

ICO Marketing and airdrops

ICO Marketing and airdrops

ICO Marketing
Before going in details about ICO Marketing, let’s understand what is an ICO?

ICO:
ICO stands for Initial Coin Offering is a way for startups to crowdfund capital via selling their own token in exchange of either Bitcoin or Ethereum. In other words, ICO is primarily a fundraising process for startsups to build cryptocurrency businesses.

ICO Marketing:
ICO Marketing is a strategy used by blockchain startups to create awareness about the new token/coin to the people by using different advertising methods.

Airdrops:
Airdrops is a process of distributing tokens or coins to the current cryptocurrency holders for free.

How marketing is getting is more difficult for ICO?

In the last one year, there are lots of unusual things happened in the cryptocurrency market. Some of the most popular social media platforms such as Twitter and Facebook have banned the Cryptocurrency ads. Apart from this, search engine giant, Google has also banned the Cryptocurrency ads.

A lot of blockchain startups were using social media platforms in order to gain customers. However, as they are banning ads, now ICO marketing is getting difficult. Hence, these ICO’s need a new way of marketing. Apart from this, there are lots of regulations are being placed on the ICO in various countries worldwide. Also, some of the countries have also banned the Cryptocurrency completely.

ICO’s need a new way of marketing

There are still different ways to do ICO Marketing. Here is the list:

  1. Reddit: Build an amazing community on Reddit and engage with the users regularly. As soon as you win the trust of users, it will lead to ICO successes.
  2. Facebook Groups: Even if Facebook has banned the ICO advertising, there are plenty of Groups which are built for people having interest in cryptocurrency, ICO and Blockchain. Hence, you can build a strong community here also.
  3. Twitter: It is one of the fastest growing social media platform and large number of people are using it for advertising. Even if, advertisement are banned, you can still, create an appropriate page on Twitter and post regular updates about the ICO.
  4. Telegram: Another popular social media platform and used by various communities for marketing. On Telegram you can create your own channel and post regular updates about the ICO.
  5. Specialized Forums: Some of the well-known forums are being read by crypto enthusiast regularly. Hence you can list your ICO on various popular forms and gain audience.
  6. Linkedin Groups: There are large number of LinkedIn Groups on Cryptocurrency. Hence, you can provide details about your ICO on all of these groups.
  7. Quora Discussions: Quora is one of the most effective channel for covering ICO. You can post details on special threads meant for ICO.
  8. Email Marketing: You can also send details about the ICO to all of your potential customers via Email Marketing.
  9. SEO Strategy: Build a proper website by considering On-Page and Off-Page SEO Factors. Later, do proper SEO and get listed on various search engines like Google, Bing and Yahoo.
  10. Airdrops: You can also provide free tokens/ coins to the people in the beginning. This is one of the best way to get audience.
    Hence, you can follow all the above mentioned tactics to do appropriate ICO Marketing. By following all the tactics, you will lead your ICO for success.
  1. Bounties: With bounties crypto enthusiast can complete task to earn tokens. Similar to the “Wild West bounty hunter”, where a person had to catch a criminal to earn a bounty. Nowadays in crypto, people complete a job to earn tokens.

Trusted sources for Airdrops & Bounties are:

  • AirdropAlert
  • AirdropAlert Twitter
  • AirdropAlert TelegramBountiesAlert
  • Cryptocoin.news

  Article Produced By

Front Page » Business » ICO Marketing and airdrops
augustafreepress2@gmail.com

https://augustafreepress.com/ico-marketing-and-airdrops/

TP