Tag Archives: Cryptocurrency

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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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

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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

 

 

 

 

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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

Inside the Meteoric Rise of ICOs

Inside the Meteoric Rise of ICOs

Initial Coin Offerings ("ICOs") have quickly grown

to account for more startup funding in blockchain-based companies than all of Venture Capital. Nearly $2.3 billion has been raised to date in ICOs, with the large majority of that taking place in the first half of 2017. In 2015 there was a smaller market for ICOs, where a million dollar sale was a rarity. Only a few of the most visible projects were raising sums in the millions.

Then in 2016 the DAO raised over $150M in a few days, though it was later plagued with security issues and determined to be in violation of securities laws by the SEC. However, the size and speed of the funds raised for the DAO helped bring further attention to ICOs as a sale/funding model. Fast forward to 2017 and we’ve seen a meteoric rise in the amount of funding raised monthly in ICOs. April was $103M. May $232M. June hit $462M. July $574M.

How ICOs Work

Rather than looking to traditional angel or venture investors to place capital as an equity investment, companies developing new blockchain-based products and services have turned to the cryptocurrency community to crowdsource the purchase and usage of their token in an ICO. ICOs are similar in some ways to a crowdfunding campaign, but instead of offering a copy of a product like on Kickstarter, or shares of equity in a startup like on Crowdfunder, what is being offered are digital “tokens.” This process of selling new cryptocurrency tokens in an ICO results in funding received via cryptocurrency, most commonly in Bitcoin or Ether.

But there's more to it…

Utility Tokens

Most ICOs being done today aren't intended to be securities offerings, as they don't offer equity or ownership in the underlying company the way traditional angel or venture investments do. Rather, a large majority of ICOs are intended as “utility tokens" which allow buyers of the token to access and pay for usage of a blockchain-based software service.

One example of a utility token in use today is the Ether token, as it relates to the Ethereum computing platform. Ethereum is the blockchain-based platform where the large majority of the current ICO’s have been developed. When using the Ethereum network, there are costs associated with the processing of blockchain-based transactions. These costs are paid in the form of the tokens used on Ethereum, called Ether. These transaction fees paid in Ether are called "gas" in the Ethereum network. In this way, the Ether token provides access to, and payment for, the computing and transactional functions of Ethereum. But beyond its transactional usage, Ether is also a cryptocurrency that is bought, sold, and traded on the open markets.

And while some tokens may not be considered a securities offering (utility tokens), the recent SEC release put out in July warned investors about the potential for fraud with ICOs as unregulated sales. Specifically, the release outlined details of the SEC investigation into the DAO which raised over $150M in its own ICO, and reiterated its ongoing concerns that some ICOs may constitute securities offerings, like the DAO, while not being treated as such. No formal new rulings or restrictions on ICOs have been issued recently by the SEC, though China recently banned ICOs altogether.

Are Securities Tokens The New Equity Crowdfunding?

In contrast to utility tokens, some ICOs are already being done as registered securities offerings.  One example is longtime Bitcoin and cryptocurrency investor and entrepreneur Brock Pierce, who sees a bright future in ICOs with registered securities – meaning they may include equity or some form of an investment return in connection with the tokens sold in the offering. Pierce is arguably a pioneer of the ICO space as an investor in Mastercoin, the first ICO, in 2013. More recently, his venture capital firm Blockchain Capital did the first ever ICO for a token as a security (BCAP token), selling participation in their venture capital fund as a liquid cryptocurrency.

As we saw with the JOBS Act and equity crowdfunding laws, broader regulation can help open up a new market while protecting investors with regulated processes. But regulations can also introduce overly-burdensome requirements that hamper innovation and capital formation, as has seemed to be the case with the weak adoption by startups of Title III of the JOBS Act.

What’s Driving the Growth of ICOs

With an understanding of what ICOs are, and an overview of how they work, there is still the question of what’s behind their incredible growth. Here are several of the likely contributors to the growth of this market, along with thoughts on each from leaders in the cryptocurrency and venture investing space…

1. The Massive increase in the Value of Cryptocurrencies

The market capitalization of all Cryptocurrency has risen from $7 billion in January of 2016 to over $130 billion as of now in September 2017. Bitcoin has appreciated nearly 30X since September of 2013 ($135 USD per Bitcoin), reaching over $4,000 per Bitcoin in September of 2017. In part, this is due to Bitcoin’s role as the most widely known, used, and accepted cryptocurrency for payments. Ether has appreciated more than 100X since August of 2015 ($2.83 USD), reaching over $300 in September of 2017. In part, this has been due to Ether’s role as the core utility token of Ethereum – the most widely used blockchain-based computing platform for ICO’s / token sales.

The early cryptocurrency buyers and holders have experienced massive gains and are now sitting on hundreds of millions, or even billions, in cryptocurrency value. ICOs are a way for some of these early cryptocurrency holders to diversify their holdings using the cryptocurrency itself, without taking their money out into fiat currency (offline bank-based dollars). Sam Englebardt, Managing Director of Private Investments at Galaxy Investment Partners, the family office of billionaire and large cryptocurrency investor Mike Novogratz, said…

It would be naive not to acknowledge that there’s something very bubbly about what’s going on here with ICOs, but it’s also the easy answer. While bubbles are sometimes fueled by nothing more than pure speculative mania and greed, most are actually rooted in something very real. Railroads were that way. The internet was obviously like that; the excitement was built on a legitimately transformative innovation and, when the dust settled, that innovation ultimately met and exceeded the initial speculators’ wildest expectations.

I think the same is true with the blockchain — the underlying potential of the blockchain to touch and disrupt so many different aspects of our lives, on a global scale, is becoming apparent. Ideas spread fast these days and crowdfunding did a lot of the groundwork to make those ideas actionable. It can’t go up like this forever, but I’d say we have a long way to go before we hit the top."

2. The Power of Blockchain, Tokenization, and Decentralization

In the last year we’ve seen an incredible move by startups and founders towards use of blockchain technology and tokenized models. Rather than building new products on centralized architectures and database structures, an incredible wave of new development and innovation is happening on blockchain technology to kick off new decentralized services and models. There’s a deep technical community running full speed towards a blockchain-based future, with experienced technology company founders jumping in to the fray with blockchain. A majority of the ICOs you’re seeing today are for new companies, who are yet to launch their products to the market.

That said, with the tremendous interest and adoption from leading technologists and founders, it’s no surprise that we’re also starting to see a growing list of more traditional VC investors putting money into decentralized applications and blockchain-based approaches to traditional and existing businesses. We’re also starting to see the ICO and tokenization model start to catch up with more mature and established companies. Erick Miller, CEO of CoinCircle and investor at his venture capital firm Hyperspeed Ventures, said…

The invention of true peer-to-peer digital money was first just an experiment that has grown into a revolution. This digital money, which pairs blockchain technology with cryptocurrency, enables an unprecedented transformation in how we store and transmit value. We are now in the next phase of the experiment and it is one of the most simple but incredibly fundamental paradigm shifts in the history of currency. Today, we have peer-to-peer programmable money, decentralized protocols utilizing their own coins, and coins that execute unstoppable decentralized logic all creating an entirely new economic system. I believe what is happening in the space today will bring about an era of new technological connectivity.

3. Token Sale ROI

Another reason for the rise in ICOs are the incredible returns that some tokens have provided to early buyers. For example, here are some top ICO performers according to ICOstats.com (as of September 22nd, 2017):

Ethereum: 84,720% ROI since ICO – Stratis: 54,038% ROI since ICO – Augur: 2,720% ROI values since ICO

With this, it’s incredibly important to understand that price appreciation of a token in the short term might have little, if any, bearing on the medium and long-term sustainability of the token and the underlying company or project for which the token was created.

Cooper Maruyama the founder of ICOstats.com shared…

I think there’s sort of a snowball effect kicked off by the success of Bitcoin and Ether. I think people see this all under the umbrella of “crypto” and want to be in on the next thing that will bring large returns. So they throw ETH/BTC at new tokens – which ideologically falls under that same umbrella of “crypto” – with the expectation of the same returns. Whether that will be the case is yet to be seen, but according to the data, buying more ETH on the same day of each ICO has seen better returns over time."

4. Token Sales As Community Acquisition

Great ICOs aren't just for the money. New services that leverage blockchain technology and incorporate token-based models do so to use tokens as a mechanism for the exchange of information and value within their product. Which is why, the more buyers and holders of a token, the greater the potential for the usage of the token, and thus demand. In this way, a token sale represents a new model of crowdsourcing or crowdfunding, where the line between buyers and customers are blurred.

As an example, imagine if 1,000 new participants sign up and buy tokens in an ICO. This not only provides funding for futher development and expansion, it also jumpstarts the underlying service with a community of users as token holders. One example of this was the Bancor ICO, which took in over $153M at the time, while the sale also resulted in thousands of token-buyers. These early and first buyers of the Bancor token are the most likely future users and adopters of the core protocol and services that Bancor provides.

"We had one of the largest bounty programs in history with thousands of active participants working towards the success of the token launch, directly through our software's alpha demo," Galia Benartzi, CoFounder and VP of Business Development at Bancor explained.

"While we ourselves were a small team, we had ambassadors all over the world translating, explaining and creating great content about the Bancor protocol. These contributors remain more motivated than ever to see the project succeed, as they own a piece of the open source network via their tokens. Rather than paying marketing or PR firms, we can share these resources directly with end-users in a distributed and still orchestrated way. The reach is a step function larger and also feels much more authentically aligned. This is inline with blockchain's promise to decentralize every aspect of business, including growth itself."

What’s Next In The Market

The majority of ICOs launched to date have been for relatively new and upstart companies with little or no existing growth or revenue. However, we’re starting to see ICOs come to market from more established VC-backed companies who are tokenizing their businesses. One example is Unikrn and their UnikoinGold token sale, the first token sale backed by Mark Cuban. The company is a post-Series A and VC-backed company, and a leader in the esports industry with a growing online community.

"We won’t be taking the funds from our sale and trying build something from scratch, hoping to attract users and get adoption,” said Rahul Sood CEO of Unikrn in his Medium post about UnikoinGold. "This isn’t an investment; it’s a purchase of a product that we developed that has utility on our platform and ours users love and demand. We already have users and adoption, and now the UnikoinGold token will unlock even more functionality and value for our community.

Expect more mature startups and large existing businesses to continue to explore the ICO space. With serious tech Founders and deep pocketed VCs and Crypto investors moving full-steam ahead, Blockchain and tokenization is emerging as one of the most powerful new technological and economic movements we’ve seen since the birth of the Internet. The hype and the astronomical returns can't last forever, but the underlying innovations are transformative and here to stay.

Article Produced By
Chance Barnett

Entrepreneur, Investor, Adventurer. CoFounder CoinCircle. Founder & Chairman, Crowdfunder. Catalyst in equity crowdfunding legislation & JOBS Act.

https://www.forbes.com/sites/chancebarnett/2017/09/23/inside-the-meteoric-rise-of-icos/#49be45075670

TP

Around a Dozen Airdrops are Coming to EOS Holders

Around a Dozen Airdrops are Coming to EOS Holders

The coming months will be crucial for all cryptocurrencies.

So far, the markets are not looking all that impressive, with little to no improvements in sight. At the same time, there is some good news for EOS holders. Various airdrops are coming to holders in the next few weeks and months.

The EOS Airdrops are Coming

One of the unusual benefits of holding specific cryptocurrencies is how one can be entitled to an airdrop. This issuance of “free coins or tokens” usually affects the major cryptocurrencies. In the past, Bitcoin and Ethereum users have seen their fair share of such tokens appearing out of nowhere. It now seems EOS holders will go through a similar phase. Raising awareness for new blockchain projects requires a unique approach.

Rather than raising money through an ICO, these projects are giving away value. It is a conscious decision which benefits all parties involved. EOS holders receive these tokens for exciting projects, and the project creators issue tokens to themselves as well. Later on, some of those tokens are sold across exchanges for additional project funding. It is a tried and tested business model which usually works out pretty well.

As such, the EOS user base will see a fair few new tokens make their way to the ecosystem. The list is growing steadily, with the first airdrops to occur in the coming weeks. Chaince will be the first project to do so, with 900 million of the 2 billion tokens being airdropped on June 15th. Having an active “stake” in a new asset trading platform for EOS projects will certainly appeal to some users.

The Value of Aidropped Tokens

One thing worth taking note of is how these EOS airdrops work. Most projects issue 1 token per user in exchange for every EOS in their portfolio. For “whales”, this means a lot of free money will be heading their way in the coming weeks. All of these tokens will still need to achieve some form of monetary value on their own accord. That will not be easy, albeit some of these airdrops are seemingly in a rather advanced stage of development.

With nearly a dozen airdrops on the horizon for EOS users, an interesting future lies ahead. It further confirms developers are building new products and services on top of this ecosystem. More competition is a good thing in this regard. As of right now, most people tend to focus on the Ethereum blockchain for such purposes. Additionally, NEO is also gaining some traction in this regard.

The big question is whether or not these airdrops bring additional value to EOS. The projects they represent seemingly are on the right track to success. However, they are all in an unfinished state, and without initial excitement, their chances of success will diminish quickly. An interesting year lies ahead for EOS at this rate. Airdrops will continue to be a big part of the cryptocurrency ecosystem moving forward.

Article Produced By
JP Buntinx

https://www.newsbtc.com/2018/05/28/around-dozen-airdrops-coming-eos-holders/

TP