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antidolos · 4 years ago

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ICO IEO Rating and Review

We are going to explain the concept of "ICO". Initial Coin Offering (ICO) is a way to raise capital and investment opportunities. The tokens (the same digital currencies) of a project are sold before launching the project, and people can buy tokens before the project starts. In ICO's case, tokens from a blockchain-based project will be used in the future, which theoretically increases its value if the project is successful.

Participants invest in the project using other digital currencies (often Bitcoin or Ethereum) or common currencies (dollars or euros) and receive tokens for their money. It may be interesting for those who have been active in the stock markets that the ICO has many similarities to the IPO (An Initial Public Offering).

An example to understand ICO's concept

To better understand the ICO's concept, see the following example in the "ICO IEO Rating and Review" article. The names are entirely hypothetical.

A software engineer named Mr. X comes up with an exciting idea to implement using decentralized blockchain technology. Suppose his vision is to build a decentralized platform for advertising. He calls his platform tokens "Xcoin", with which advertisers can pay their advertisers. So Xcoin is a functional token that if the platform users increase, the token price will also increase.

Mr. X assembles his team to implement his idea as soon as possible. But there was an easily visible problem. To develop the project, they need a budget and capital. Mr. X has several ways to raise capital. It can contract with a real investor or get the capital it needs by convincing a local accelerator company. But now that Mr. X's project defines a blockchain and token, why not use an ICO and get help from the general public worldwide to raise capital?

But another problem. How to make and sell tokens when the project is not ready yet? Blockchains like Ethereum, which supports smart contracts, come to his aid. Using the Ethereum platform and smart contracts, he quickly builds up some tokens and sets up a white paper with his team, and places it on the ICO‌ site, along with a series of additional project and team descriptions. But what were white papers? The white paper is a term that has been used in recent years for the crypto project description. Join us in the article "ICO IEO Rating and Review" to explain more about these.

Many investors read about his project and invest in it and get tokens for their money. Now, with the funds raised, Mr. X is implementing his idea and building his Blockchain. Ethereum tokens are then transferred to the leading network, the new Blockchain, through a technical process. The project succeeds, the value of Xcoin tokens is multiplied, and the investors who invested in it enjoy a few hundred percent profits. However, it was a dream come true for a few investors. In the other case, which happens more often, Mr. X, after attracting capital, abandons his project and idea and starts his luxurious life with investors' money.

A brief history of ICOs

Regarding the first project done under the ICO platform, it should be said that this project was done in July 2013. Ethereum also raised capital in 2014 in the same way, and today this cryptocurrency is one of the most important currencies in the world. In 2017, this type of fundraising became so popular that since the ICO became famous in 2017, about 800 ICOs have been offered, raising more than $ 20 billion. Throughout the history of this type of fundraising, many companies have tried to raise capital in this way. Still, among them, we can mention some examples of the most successful in history. Filecoin [Futures], for example, ranks first with more than $ 25.7 billion. Tezos is in second place with about $ 23.2 million. Also, SIRIN LABS Token with $ 157885825 was able to take third place. The Antidolos Media thanks you for joining us in this. This media also invites you to read more about "ICO IEO Rating and Review".

Severe scams in ICOs

The idea of fraud

What is an initial coin offering (ICO)? The truth is that although ICOs are an exciting idea and can be very profitable, unfortunately, in most cases, they are scams, or the ambitious views of their developers do not work. As a result, the projects have been left without any response from companies. In the article we wrote about "ICO IEO Rating and Review", we will give you useful information about these scams.

Risk of being scammed

In 2017, many investors suffered huge losses in their dream of becoming rich overnight by investing in ICOs that claimed to solve all the world's problems. Since there are no specific rules on ICOs in most countries of the world, and since the ICO is an entirely online process and does not require a face-to-face visit, the Ethereum team's method to raise capital is now a swift idea. It turned out to be a scam. Scammers can easily trap uninformed investors by writing ambitious articles about a dream idea and designing a booming website.

Why aren't scammers arrested?

Since the investment amount is received in the form of cryptocurrencies such as Bitcoin and Ethereum, due to digital currency transactions' semi-anonymity, it is challenging to track them, and one should not expect to return them almost after sending the money. According to the latest research, about 90% of all ICOs introduced in 2017 were either fraudulent or abandoned after no results.

These days, because of the risks that ICOs can pose to investors, other methods have been devised to replace them, given the distrust of this type of crowdfunding. In the article "ICO IEO Rating and Review", we will discuss these alternatives. One of these methods is IEO.

Alternative methods of ICO

More than a dozen alternative methods have been introduced for ICOs. But currently, only two or three of them can be done on a large scale. Two of the leading alternative methods that are widely used these days are IEO and STO. In this part of the article "ICO IEO Rating and Review", we will address these two positions.

Initial Exchange Offering (IEO)

Initial Exchange Offering, or IEO for short, is similar to ICO. The difference is that in an extensive exchange, digital currency is offered, and investors go to the exchange to buy tokens. Exchange offices introduce more reputable items to their customers due to their expertise in this field. Of course, the scam is not closed yet. So, there are unreliable exchanges that have set a trap for their customers. In the following, "ICO IEO Rating and Review " will be more familiar with this concept.

Unlike the initial coin offering, which is held directly by a project team, IEO is not. An exchange on behalf of a startup manages Initial Exchange Offering, or IEO, to raise the business's capital for selling the token. Many digital currency exchanges have started accepting IEOs led by Binance Exchange.

Because large cryptocurrency exchanges conduct the necessary checks before pre-selling tokens, the risk of fraud in this method is significantly reduced. The reason behind that is there is an extensive exchange between the investor and the development team. However, as mentioned, not all exchange offices are valid, and exchange offices may also make mistakes.

Since this article's topic is ICO IEO Rating and Review, you should pay special attention to this position. The reason for the importance of IEOs is apparent. The reason is that most of the transactions in the field of cryptocurrencies are done in this context. Therefore, if you are active in the cryptocurrency market, you must be thoroughly familiar with this concept

Security Token Offering (STO)

Security Token Offering, or STO for short, is another method of raising capital in digital currencies that is very similar to the ICO. But with features that reduce investor risk, it is likely to replace the old methods soon. Follow the article " ICO IEO Rating and Review " to get more accurate information about this concept.

Put, in this method of collecting, tokens must be registered as securities that require legal procedures. Given that the law guarantees the validity of securities ownership, in the STO, investors will have a traditional and formal role in advancing the project in proportion to their investment. The developers and project team are also legally authenticated. In this process, the investment risk is significantly reduced, and the developers' commitment will be significantly more credible. But, the problem with this approach is that the mission that Blockchain sought will not come true. Because the basis of Blockchain was that in transactions, individuals could trade anonymously.

IEO

Since this article's title is "ICO IEO Rating and Review", in this section, we intend to talk about IEOs. A significant part of this article will explain. After that, by providing information on how to review and rate projects by Antidolos Media, you will be provided with essential explanations, so do not miss this article and stay with us.

These days, we are witnessing the holding of token pre-sales by big exchanges such as Binance. Holding ICOs and token pre-sales on large exchanges has many advantages for investors, and of course, we can not ignore the disadvantages of ICOs. In this part of " ICO IEO Rating and Review " article, we will review essential points about IEOs.

As the name implies, an Initial Exchange Offering means offering tokens based on digital currency exchange. Unlike an initial coin offering (ICO) held directly by a project team, an initial exchange offering is managed by an exchange on behalf of a startup to raise capital in the business to sell the tokens.

What motivates exchange offices to hold IEOs?

Because the process of selling tokens takes place on the platform of exchange, token issuers must pay a listing fee, plus a percentage of their token sales to that exchange. Instead, the tokens sold are listed in the exchange immediately after the end of the IEO. Since a portion of these tokens' sales goes to the exchange, it will have enough motivation to cooperate in marketing and advertising activities. People who participate in an initial exchange offering of the exchange do not send their funds directly to the startup address but instead, open an account in the organizing exchange and buy tokens through the currencies they have in their exchange wallet. Keep in mind that an exchange's initial exchange offering significantly alleviates concerns that projects may be fraudulent. In the continuation of "ICO IEO Rating and Review", we will deal with this subject more precisely.

Exchanges that have an IEO platform

Many digital currency exchanges have started accepting IEOs, which, as mentioned before, are led by Binance Exchange. Binance Exchange has launched an initial exchange offering platform called Binance. In this part of the article written about "ICO IEO Rating and Review", we want to take a look at these exchanges.

In January 2019, the BitTorrent project acquired by Thorne raised $ 7.2 million in less than 15 minutes by selling its tokens on the Binance Launchpad, reaching its maximum capital. Selling tokens in less than 15 minutes for a startup is like a dream. The second IEO held on the platform was a project called Fetch, which reached its maximum capital of $ 6 million in 22 seconds.

Following the rise of Binance Launcher, other large exchanges have developed their own platforms. For example, Bitmax Exchange has set the Bitmax Launchpad platform. OKEx Exchange has expanded its platform. KuCoin Exchange has developed the KuCoin Spotlight platform, and Huobi Exchange has developed the Huobi Prime platform. The image below shows some of the IEO platforms.

What are the main differences between ICO and IEO?

So far, in the article "ICO IEO Rating and Review" we talked about the whole IEO and ICO. In this section, we intend to address the differences between the two concepts.

The ICO and IEO are fundamentally different in terms of various platforms. These platforms include Collectivisation platforms, smart contract management, know your customer requirements (KYC: know your customer) and anti-money laundering (AML), marketing requirements, startup qualifications, and listing time. In the continuation of the "ICO IEO Rating and Review" article, we will point out these differences.

Collective platform

In the initial coin offering (ICO), the collection occurs through the startup's official website and the token issuer. Still, in an initial exchange offering (IEO), the collection takes place on the exchange platform.

Execution of crowdfunding operations and smart contract management

In an initial exchange offering of coins, the project developers are responsible for this. Still, in an exchange's initial exchange offering, these tasks are the exchange's responsibility because the exchange is responsible for paying tokens to its customers.

Customer identification and anti-money laundering policies

The need for customer identification and anti-money laundering policies in the initial coin offering varies greatly depending on the project type. In other words, in some projects, participants may need to provide identification and records to participate in the ICO. Such documents may not be required in other projects, but in an initial exchange offering, exchange offices adopt such policies to open their accounts. , Participation in the project requires the submission of documents.

Marketing budget

The cost of marketing and advertising in an initial exchange offering of coins is entirely the development team's responsibility, and they are required to pay hefty prices to succeed. Still, in an initial exchange offering of tokens, the marketing of tokens is the exchange itself's responsibility.

Startup Qualification (Scam Reduction Risk)

There are no restrictions on an initial exchange offering of a coin, and anyone can hold an ICO. Still, at the IEO, the exchange office first reviews the project and, after qualifying, issues a crowdfunding license on its platform.

Listing in an exchange

In an initial exchange offering of a coin, the listing of tokens does not occur after the end of the public offering. Still, in the exchange's initial exchange offering, the token issued in the exchange office is listed after the end of the public offering.

Benefits of the initial exchange offering

In this part of ICO IEO Rating and Review 's article, the Antidolos media intends to talk about IEO's benefits. In this section, join us to explain the disadvantages of this style of offering cryptocurrencies in the next section.

Trust and reduce fraud risk

One of the benefits of IEO is trust. Since the fundraising is done on a cryptocurrency exchange platform, this exchange carefully examines any project that intends to raise capital through its platform. Therefore, not every project can attract capital in this way. As a result, it must have several quality indicators. In other words, it must pass some standards. Exchanges carefully check everything to maintain their credibility and name. These stages put investors who want to participate in crowdfunding several steps further and gives them more confidence. The initial public offering of the exchange can eliminate fraudulent and suspicious projects.

Consider, for example, the initial public offering of the Raid project. Just hours before the initial sale, Bittrex announced that it would not cooperate with the project and canceled the IEO. The reason for this was the termination of the cooperation between the Raid project and the online game data analysis company OP.GG. According to Bittrex, this cooperation played a vital role in the success of the project. When the exchange office became aware of this issue, it decided to cancel the tokens' sale because it believed that the exchange users would be dissatisfied with this news. For this reason, in ICO IEO Rating and Review 's article, we argued that trust and reduced fraud risk are among the benefits of IEO.

Security

The issue of security in the process of selling tokens is crucial. It has happened many times that due to the sales website's hacking and the manipulation of the address related to the project wallet or any other reason, the money was sent to another address by mistake. Unfortunately, participants have not received any tokens since then. There is no need to worry about security in the initial public offering. The exchange tries to manage the smart contract, which is related to the sale of tokens. Besides, customer identification (KYC) and anti-money laundering (AML) processes are performed by exchanges. These considerations are because most cryptocurrency service providers have such policies to create an account on their platform.

Ease

Start-ups that plan to issue tokens to raise capital will benefit from such a flawless and secure IEO start-up process over holding ICOs. Although they have to pay a percentage of their token sales along with some commission fees to hold an IEO, they are instead given the costly and challenging ICO marketing process. Therefore, the budget required for the exchange's initial public offering is much less than the ICO. In addition, projects can use the exchanges 'fixed customer base to attract investors' attention to themselves.

Token listing

Since listing on an exchange is one of the first transactions in an exchange, start-up tokens are usually listed on the exchange after start-up.

Disadvantages of the initial exchange offering

As we promised you in the previous section of this article, in this section, we want to address the disadvantages of IEOs. Thank you for being with us so far in "ICO IEO Rating and Review" article.

Listing costs

The first weakness that we will mention in the article " ICO IEO Rating and Review " about initial exchange offering is undoubtedly the listing cost. However, an initial exchange offering is a safer and more efficient alternative to ICO. But the costs of selling tokens and exchange fees for startups can be high. The cost of listing in exchange is about 20 bitcoins, while exchange offices usually charge 10% of the token sale amount.

Limitations

The initial exchange offering process may be limited to one exchange. This can be frustrating for investors who do not have an account exchange office, especially in countries where account creation is prohibited. Creating an account also involves the user process and account verification, and both are time-consuming.

Focus

There is a fundamental problem with initial exchange offerings because it restricts participants. That is that most coins are in the hands of a limited number, which may later lead to price manipulation.

Expropriation

In a centralized exchange, you do not own your private keys, and most exchanges transfer assets within their preferred platform (if not all exchanges, most are). This is the case with the initial public offering of tokens, as the investor is not the tokens' real owner.

Increased artificial demand

Most exchanges force users to participate in IEO only with digital exchange currency (such as BNB). This will increase the demand for digital currency exchange and increase its price sharply. This was one of the main reasons for the sharp rise in the price of Binance Quinn.

Antidolos Media thanks you for joining us in ICO IEO Rating and Review's article.

Rating and review of crypto projects

As we explained in the previous sections of this article, we wrote about "ICO IEO Rating and Review" in this section of the article about review and rating. Cryptocurrency review means that a reputable media operating in the field of cryptocurrencies, such as Antidolos, reviews projects. Examining projects can have different dimensions. Definitely reviewing various projects by trusted media users can be an outstanding event for investors. In this way, investors can use the experience of more skilled people in this field. Some of these reviews could lead to the disclosure of fraudulent projects. Of course, this does not mean that the review of projects is supposed to be just a scam of projects. Instead, various dimensions, such as investment risk, return probability, and the practicality of the business idea will be discussed. Also, by comparing the advantages and disadvantages of different cryptocurrencies, they can be called a score.

These scores can make some projects more important to us. For example, suppose a reputable media outlet, such as Antidolos, determines that Project X will be more profitable. At the same time, the risk of investing in that project is much lower than in another project. In that case, Project X has a higher score. Will take. This score is given to projects by reputable media and can be an excellent guide for users to invest.

Antidolos media has done its job well. In the next section, not only will you become more familiar with Antidolos media, but we will also tell you more about the advantages of this media over other media. So do not miss the final part of the article "ICO IEO Rating and Review".

Antidolos Media

Antidolos Media is one of the most reputable media today that has become a reference in cryptocurrencies. This media has always maintained its mission as media. For example, unlike some media outlets that work in this field, there will be no mercy to projects in exchange for purchasing a premium account to score them. This is exactly what makes Antidolos a reliable medium for both project owners and users who want to invest in cryptocurrencies.

#antidolos #antidolos media #https://antidolos.com #IEO rating and review #Cryptocurrency News #Scam ICO #Scam IEO

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weekinethereum · 7 years ago

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December 14, 2017

Ethereum News and Links

Protocol

Karl Floersch: Casper FFG in depth

Latest Casper standup call

Parity proposed an unfreezing through allowing some retroactive changes. This specific proposal seems to be DOA. Phil Daian and Lorenz Breidenbach and Nick Johnson detail what they see as being dealbreakers. [For those of you who want an apology from Parity: Jutta, Jutta again, Maciej. I'm confident I could easily find more examples]

Solidity compiler audit report from Sergio Lerner for Augur

ERC 792: Arbitration Standard

A thorough explanation of all the ways blockchains aren't ready for mass adoption by Preethi Kasireddy

Stuff for developers

Maurelian: when you might consider breaking Solidity best practices

Remix IDE updated

uPort + Ether + Infura + React boilerplate

Kovan testnet hardfork

Video tutorial of Solidity security basics

Joseph Chow: Audit the code deployed on chain, not Github.

Methods for upgrading your deployed code using Truffle

Circular linked list Solidity code

Towards cracking the cryptokitty genetic code

Why Lee Fallat chose LLL over Solidity

Calling the precompiled contracts added in Byzantium from Solidity

CryptoZombies -- learn Solidity by building a game

Ecosystem

EthGasStation: progress on the Safe Low gas price. Also, the gas price estimator code is now open source.

Ethereum is over 900k transactions a day, or about 10/sec as the block gas limit is around 8m now. Though we should remember that not all transactions are the same in terms of gas cost.

Upswings always make Vlad Zamfir nervous.

"Barclays, Credit Suisse, KBC, SIX, Thomson Reuters and UBScollaborate to advance MiFID II data reconciliation" using private Ethereum chain on Azure. Going into production to agree on public reference data for compliance.

Graphic: how an Eth address is constructed. Also more basics on keystores and cryptography

The winners of the Blockchain for Social Impact hackathon.

New whitepaper for Maker's Dai. Go live on December 17th.

Project Updates

AirSwap's Token Trader is live in beta on Rinkeby

Will Warren promises neutrality toward those who build on 0x

Around the Block trailer on Paratii's player

CryptoKitties is now on Toshi

How Dether (localbitcoins for ETH) is thinking about adding an affiliate program

Project Announcements and Whitepapers

ixo protocol -- decentralized impact exchange

Dock -- professional data and reputation

Interviews, Videos and Talks

Ryan King presenting FOAM with Spatial Index demo at Philly Ethereum

Conor Svensson web3j talk at Ethereum London

Joe Lubin on a Singapore Fintech panel

Griff Green talks Giveth on The Bitcoin Podcast

From blockchain to cryptokitties podcast interview with Jake Brukhman

Kevin Owocki from GitCoin and Mark Beylin from Bounties Networkepisode on my podcast

Stephan Karpischek 15m talk on Etherisc at Blockchain World Conf

Jarrad Hope 20 min talk on Status and decentralization at Blockchain World Conference

Token Sales

SEC halts Munchee sale for securities violations. Speaking as a non-lawyer, the order details the many ways Munchee promised profits through the Munchee team's efforts. Sounds like a security.

Also see Chairman Clayton's statement. He doesn't seem to exactly understand the technology but emphasizes the right themes around not scamming Main St. The scams are distressing to everyone. Clayton even mentions a token he would find to be a utility token and not a security. I found footnote 7 to be particularly interesting.

Tokenized Debt Payable by Assets. A tokenized SAFT from Dharma Protocol.

Nichols Chirls quantifies valuation differences between tokens and equity

Luke Duncan on governance, network effects and defensible token models

Token Sale Projects

RocketPool 101: Casper staking pool FAQ

Building lending apps using Bloom

IndieGoGo ICO - their first sale is Fan Controlled Football League who I recently saw pitch on Dragon's Den Canada. Here's the NYTimes coverage, though it doesn't mention that the IndieGoGo site appears to just be an affiliate site for Microventures? Also: seems to be an ERC20 token that doesn't accept ETH in its sale.

Leo Messi is the latest celeb ICO shiller for Sirin Labs. Which as a result has of course raised 100m USD. For a hardware company. [Did anyone else notice that what he said in Spanish doesn't really make sense?]

General

NY Daily News: Man accused of kidnapping friend, robbing him of $1.8m in crypto assets

Kik leaning towards building on Stellar instead of Ethereum. No shocker there.

Steam dropped Bitcoin over transaction fees

The mission of the web3 Foundation

DuckDuckGo + Brave = private search in private tabs released

Vitalik tweetstorm: Cryptoassets are worth $500B. But have we earned it?

Linda Xie's list of beginner guides to cryptoassets

The New Yorker on blockchained Estonia

Leonid Bershidsky on Brave's Basic Attention Token: Google and Facebook Too Can Be Disrupted

Dates of note

From Token Sale Calendar:

Upcoming token sale start dates (will start updating this week with 2018 sales):

December 23 – Rocketpool (proportional refund cap, started November 25h)

Ongoing token sales:

Aurora DAO from IDEX

Gazecoin

Neufund ICBM

Debitum

Nous Platform

Bloom

Relest

CanYa

Realisto

FundRequest

Dopameme

Aigang

Hirematch

ScriptDrop

SeedsTokens

WARNING: list may include or even likely includes scams and quasi-scams. Do your own research and due diligence before putting value at risk.

[I aim for a relatively comprehensive list of Ethereum sales, but make no warranty as to even whether they are legit; as such, I thus likewise warrant nothing about whether any will produce a satisfactory return. I have passed the CFA exams, but this is not investment advice.]

If you appreciate this newsletter, thank ConsenSys

I'm thankful that ConsenSys has brought me on as an employee and given me time to do this newsletter.

Editorial control is 100% me. If you’re unhappy with the content, blame me first and last.

Sharing

I'd love it if you shared this newsletter. I included sharing buttons right below the links section and above the calendar. I'm curious whether it results in more sharing. So far, it doesn’t seem to be. Here's the usual link: http://www.weekinethereum.com/post/168542901538/december-14-2017 Follow me on Twitter? @evan_van_ness

This newsletter is supported by ConsenSys (surely you have seen that we're hiring?) and Status.im. Many thanks to both.

#Ethereum #bitcoin

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michaelbennettcrypto · 5 years ago

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Manny Pacquiao Token to Launch in IEO on GCOX Exchange

Filipino boxing champion Manny Pacquiao made international news headlines recently when he announced he was issuing his own cryptocurrency, the PAC token. Now, the PAC token is following the 2019 crypto crowdfunding trend by engaging in an initial exchange offering (IEO), courtesy of Singaporean exchange GCOX. The sale will open on November 12.

Pacquiao initially declared his intentions to release a digital token at a free concert for fans in Manila during early September. In between serenading his fans with love songs, the boxer informed them that they could soon buy his merchandise and interact with him on social media using the PAC token.

At this point in 2019, conducting an IEO is a well-proven method of drumming up support and interest in a project. Although Binance first kicked off the trend back in 2017 with IEOs for Bread and Gifto, it was in the first quarter of this year that the idea really took hold. The high-profile launch of Bittorrent ignited a new era of crowdfunding, with a reported $3.4 billion now raised through IEOs to date.

An Exchange for Celebrity Tokens

Although many exchanges now offer the opportunity for projects to launch their tokens via an IEO, GCOX provides a slightly different twist on the average launchpad. The exchange is the first to offer an IEO platform specifically for celebrities wanting to launch their own digital currencies. Although Pacquiao is one of the first to blaze a trail in this regard, it seems that there are others likely to follow, with tennis star Caroline Wozniacki and singer Jason Derulo reportedly set to follow in his footsteps.

GCOX is providing a full suite of services for these “celebrity tokens” which includes the creation and listing of tokens on the exchange itself. It will also allow fans to trade their tokens for products such as branded merchandise, or services including exclusive live streaming of events, or shout-outs on social media. There will also be a service whereby fans can donate to charitable causes endorsed by their favorite celebrities, with funds allocated on the blockchain for added transparency and security.

Old Concept, New Twist

Although it seems like a novel idea, a celebrity-backed cryptocurrency isn’t necessarily so much a new idea as the next iteration in the long and successful marriage of celebrities and merchandise. All the way back in 1850, the “Greatest Showman” P.T. Barnum was promoting a Swedish opera singer named Jenny Lind with branded clothing, including gloves and bonnets.

This evolved into the ubiquity of band tour t-shirts, and then into celebrity-brand partnership, such as Nike and Michael Jordan. Eventually, the advent of social media introduced a digital element to the idea of celebrity branding and endorsements, ushering in the age of the influencer. Now, with the rising popularity of cryptocurrencies and all the possibilities that blockchain brings, celebrity-branded tokens seem to be the inevitable next step of this evolution.

Of course, Pacquiao isn’t the first celebrity to jump on the crypto train – or even the first boxer for that matter. The SEC fined Floyd Mayweather last year for having promoted scam ICO Centratech in exchange for $100,000.

However, other celebrities have made more successful forays into the space. Rapper Akon has launched his own cryptocurrency and blockchain-based ecosystem called Akoin. Hollywood actor Ashton Kutcher operates his own investment company for blockchain startups, and Lionel Messi has served as brand ambassador for Sirin Labs, the Israeli blockchain phone producer.

That said, Manny Pacquiao is one of the first to market with his own branded cryptocurrency token. GCOX clearly believes in the long-term potential of celebrity tokens. If Pacquiao and GCOX make a success of the endeavor, then other celebrities may start to follow the lead. Based on the long and successful history of celebrity branding, it’s entirely possible that celebrity tokens end up being one of the next big trends in crypto.

The post Manny Pacquiao Token to Launch in IEO on GCOX Exchange appeared first on NewsBTC.

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brettzjacksonblog · 5 years ago

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Manny Pacquiao Token to Launch in IEO on GCOX Exchange

An Exchange for Celebrity Tokens

Old Concept, New Twist

The post Manny Pacquiao Token to Launch in IEO on GCOX Exchange appeared first on NewsBTC.

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joshuajacksonlyblog · 5 years ago

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Manny Pacquiao Token to Launch in IEO on GCOX Exchange

An Exchange for Celebrity Tokens

Old Concept, New Twist

The post Manny Pacquiao Token to Launch in IEO on GCOX Exchange appeared first on NewsBTC.

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thecryptoreport · 5 years ago

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Huobi Launches Low-Cost Blockchain Phone With Built-in Crypto Wallet

A cheaper blockchain phone is debuting in Southeast Asia, with a U.S. and European launch promised in the near future.

Huobi Global announced Tuesday the launch of its “Acute Angle” blockchain phone for $515. The Acute Angle will be powered by Huobi’s Whole Network token, NODE, also announced today. Running against competitors like Sirin Labs’ $1,000 “Finney” phone, the Huobi offering can be…

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#coindesk #huobi #News #TCRNews #thecryptoreport

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hyipblog · 5 years ago

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What Kind of Future Do ICOs Have?

New Post has been published on https://blog.hyip.com/2019/08/what-kind-of-future-do-icos-have/

What Kind of Future Do ICOs Have?

On July 31, 2013, the Mastercoin project team launched the first-ever ICO. During the month of the campaign, 4.7 thousand bitcoins were collected, at that time, this amount was approximately 500 thousand dollars, but later the price of bitcoin rose above $ 1000, and the amount of capital raised amounted to $ 5 million.[vc_row][vc_column][vc_column_text]However, Vitalik Buterin with his Ethereum project brought fame to the initial placement of tokens. In July 2014, 31.6 thousand bitcoins were collected as part of the campaign and this amount was equivalent to $ 18.5 million. In the first weeks of trading in August 2015, Ethereum capitalization reached $ 100 million.[/vc_column_text][vc_single_image image=”9762″ img_size=”1280×720″ alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]5 largest ICOs: EOS ($ 4.2 billion) TON ($ 1.7 billion) Bitfinex ($ 1 billion) Tatatu ($ 0.6 billion) Dragon ($ 0.3 billion) If 2017 could be called the year of the ICO, in 2018 the situation has changed. 70% of the tokens that appeared last year fell in price after the initial offering. Losses of some companies amounted to tens of millions of dollars. In the first place in the ranking of losers is the Sirin Labs Israeli Company, which plans to release its own blockchain phone. It managed to raise $ 158 million (!) with the use of ICO, but after that, the company’s capitalization was reduced by $ 141 million. Sirin Labs could not be saved even by the legendary player of Barcelona and Argentina’s national team Lionel Messi, who became the company’s ambassador. Losses of other projects are also unpleasantly surprising: for example, PumaPay lost $ 102 million, Envion — $ 96 million, and Paragon – $ 92 million. The results of the first quarters of 2019 indicate that it is unlikely for ICO to return to the peak of its popularity. In 2017, 57% of campaigns were successful, in 2018 — 40%, then in the first half of 2019 — only 33%.[/vc_column_text][/vc_column][/vc_row]

#ico #IEO #IFO #Initial Coin Offering #Initial Exchange Offering

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elysiumcomp · 6 years ago

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✅ В течение недели биткоин не смог подняться выше 4100$, но и отказался падать ниже 4000$. Затишье перед бурей? 🤔 В центре внимания оказался CoinMarketCap: к порталу прикрутили рейтинговую систему Fundamental Crypto Asset Score, а финансовые платформы Nasdaq, Bloomberg и Reuters добавили два криптовалютных индекса на базе данных с CoinMarketCap. Недельный дайджест: 🔸 Шесть международных банков выпустят стейблкоины на блокчейне World Wire, разработанном IBM в партнерстве со Stellar 🔸 Bitmain представили новый ASIC Antminer Z11 для добычи криптовалют на алгоритме Equihash, например, Zcash 🔸 Международный финансовый конгломерат Citigroup отказался от выпуска собственной криптовалюты для международных операций 🔸 Криптобиржа Binance запустила сервис по продаже биткоинов в газетных киосках Австралии, со временем станут доступны и другие криптовалюты 🔸 Waves Platform обновила ПО для ноды до версии 0.17 и добавила в него поддержку языка программирования RIDE для dApps 🔸 Крупнейшая биржа Южной Кореи Bithumb уволит половину сотрудников 🥶 🔸 В блокчейн-смартфон Finney от Sirin Labs добавят популярный криптокошелек MyEtherWallet 🔸 Ведущий онлайн-ритейлер Швейцарии Digitec Galaxus теперь принимает оплату в биткоинах и еще 9 криптовалютах 🔸 Криптобиржа Huobi официально запустила собственную ICO-платформу и назначила дату первого IEO на 26 марта. Для участия в токенсейле нужно запастись Huobi Token 🔸 Компания Huawei заявила о запуске облачного блокчейн-сервиса 🔸 Компания Bitwise Asset Management направила доклад в SEC США, в котором пожаловалась на 95% фиктивных торгов на нерегулируемых криптобиржах 😡 🔸 Криптовалюта Cardano успешно обновила основную сеть до версии 1.5 Курс основных валют: Bitcoin 4022$ (↓0.13%) Ethereum 137$ (↓0.31%) Ripple 0.309$ (↓0.96%) Litecoin 60$ (↓1.45%) EOS 3.65$ (↓0.72%) Bitcoin Cash 166$ (↑0.23%) Stellar 0.1066$ (↓1.12%) Капитализация всех криптовалют: 140 млрд $ Курс обновлен: 24 марта, МСК 🚀 @legionnpv https://www.instagram.com/p/BvZH2XgFDI-/?utm_source=ig_tumblr_share&igshid=1jcpfoighp3pj

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cryptoquicknews-blog · 6 years ago

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New Post has been published here https://is.gd/8AwZA1

Sirin Labs, MyEtherWallet Team Up for Finney Phone Integration

This post was originally published here

Sirin Labs, developer of the Finney blockchain phone, has teamed up with MyEtherWallet for an integration aimed to benefit both companies.

Reported by Finance Magnates on Wednesday, the deal will see the ethereum wallet-generating service rolled out in the Finney’s built-in cold (offline) wallet.

MyEtherWallet users will also be able to buy the smartphone through the wallet service’s web and app platforms. The firm further sees the deal as a way for Finney users to more easily access ether (ETH) and control their private keys, according to the report.

Sirin Labs CEO Zvika Landau was quoted as saying that the integration is a move toward a “greater market share for both companies, as the two products complement each other.”

MyEtherWallet confirmed the new relationship in a tweet Thursday.

As detailed in November, the Finney phone takes a focus on secure storage of owners’ cryptocurrencies. It notably provides a cold (offline) storage wallet that the firm told CoinDesk is effectively a second device stashed in the phone’s housing. The wallet even boasts a separate processor and users will interact with it via a second LCD screen – the only place security seed phrases can be typed in.

The Finney is also designed to make crypto easier to use, and will convert between different tokens as needed by users when operating different apps, although at launch token choice was limited. Sirin updated the phone earlier this month to support all ethereum ERC-20 tokens, as well as dash and litecoin.

The phone runs on a modified version of Android, called SirinOS, which is designed with blockchain functionality in mind.

Other features include a physical switch for wallet security, encrypted communications and three-factor authentication, according to the Finney website.

The Israel-based company has said it raised over $157 million via an initial coin offering (ICO) last year to fund the device’s development.

MyEtherWallet founder and CEO Kosala Hemachandra said in yesterday’s report:

“We believe having an on-phone hardware wallet is immensely valuable to users. This will not only make it easy to send and receive crypto transactions, but it will also make crypto more accessible to a wide range of users.”

Finney phones image via Sirin Labs

#crypto #cryptocurrency #btc #xrp #litecoin #altcoin #money #currency #finance #news #alts #hodl #coindesk #cointelegraph #dollar #bitcoin View the website

New Post has been published here https://is.gd/8AwZA1

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detikdax-blog · 6 years ago

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Wah, Samsung Galaxy S10 Punya Dompet Digital Bitcoin Cs

Samsung punya fitur menarik dalam peluncuran Galaxy S10. Ponsel terbaru Samsung ini kini memiliki dompet cryptocurrency, yang memungkinkan pengguna menyimpan Bitcoin, Ethereum, dan cryptocurrency yang berkaitan dengan kecantikan yang disebut Cosmo Coin. Dompet digital ini tidak terhubung ke internet. Ponsel Galaxy S10 juga mendukung aplikasi desentralisasi tertentu ("Dapps"). Saat ini, Dapps utama Samsung yang tersedia disebut Cosmee, dan itu memungkinkan pengguna mendapatkan token Cosmo dengan imbalan meninggalkan ulasan kecantikan di aplikasi.

Cosmochain, startup blockchain Korea Selatan di belakang Cosmee, mendeskripsikan aplikasinya ke The Verge sebagai aplikasi ulasan kecantikan yang didukung oleh blockchain. Samsung juga mengumumkan dukungan untuk cryptocurrency yang disebut Enjin Coin, mata uang digital berbasis Ethereum untuk para gamer yang didirikan di Korea Selatan. The Verge melaporkan, Samsung adalah salah satu dari sedikit perusahaan yang telah meluncurkan ponsel yang terkait dengan blockchain, dan partisipasinya dalam tren dapat mempengaruhi pemain lain di pasar. Tahun lalu, Sirin Labs meluncurkan telepon Finney dengan dompet untuk menyimpan cryptocurrency, yang harganya US$ 1.000. Lalu ada HTC Exodus, yang telah tersedia untuk preorder sejak Oktober lalu dan hanya dapat dibeli dengan cryptocurrency. Ada dompet untuk menyimpan token digital juga yang dipartisi dari bagian ponsel lainnya untuk keamanan yang lebih baik. Secara teknis, dimungkinkan untuk mengubah ponsel Android apa pun menjadi dompet yang menyimpan kunci token digital Anda - cukup instal aplikasi Android untuk browser web Opera. Dompet itu saat ini hanya mendukung eter, dengan token lain yang rencananya akan ditambahkan nanti. Read the full article

#Bitcoin #blockchain #Crypto #cryptocurrency #dan #ETC #Ethereum #MataUang

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bowsetter · 6 years ago

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In the Daily: Quadrigacx Transfer, Tokenized Bonds, Beam Investment, Rakuten Pay

In this edition of The Daily, Canadian exchange Quadrigacx has transferred its remaining crypto funds to the court appointed monitor Ernst & Young. In Germany, the federal securities regulator Bafin has authorized an STO. Also, Beam has found a new investor and Rakuten plans to integrate cryptocurrencies into its mobile app.

Also read: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud

Quadrigacx Sends Cryptocurrency to Ernst & Young

Troubled crypto exchange Quadrigacx has transferred its cryptocurrency holdings to the court appointed monitor Ernst & Young. According to the second report issued by EY, which is dated Feb. 20, the digital assets will be held in cold storage pending further order of the court. The transfer has been authorized by the judiciary.

Quadrigacx, which is operated by the Vancouver-based company Quadriga Fintech Solutions Corp., was shut down at the end of January. The platform lost access to as much as $190 million of cryptocurrency held in offline cold wallets after the death of its CEO, 30-year-old Gerald Cotten, in December.

Ernst & Young notes that on Feb. 6, the day after the initial order was granted, Quadrigacx inadvertently transferred a certain amount of cryptocurrency into cold wallets that its team was then unable to access. According to Quadriga’s management, the transaction occurred due to a platform setting that resulted in an automatic transfer to the cold wallets.

The report states that Quadrigacx’s remaining digital funds have been successfully transferred into cold storage wallets controlled by the monitor on Feb. 14, 2019. They include approximately 51 BTC, 33 BCH, 2 BTG, 822 LTC, and 951 ETH. In related news, Coinbase CEO Brian Armstrong has shared his team’s own findings of what happened to the defunct Canadian exchange.

Wanted to share a summary of what we believe happened to QuadrigaCX. We did our own internal research, including some blockchain analytics, to see if we could help. Important to note that this is just our best guess. Take it as *pure speculation*, nothing more.

— Brian Armstrong (@brian_armstrong) February 21, 2019

Bafin Approves Tokenized Bonds From Bitbond

The securities regulator in Germany has approved the plan of online credit company Bitbond to carry out a security token offering (STO), the crypto startup recently announced. The approval from the Federal Financial Supervisory Authority (Bafin) opens the door for private investors who want to participate in the STO.

Bitbond will offer a token-based bond called Bitbond1 (BB1) at €1 each. The offering has an issue volume of €100 million ($113 million) and the first financing round is scheduled to start on March 11.

The term of the bond will be 10 years and the issuer promises an annual interest of 4 percent on the invested capital, 1 percent each quarter. Investments can be made in bitcoin core (BTC), ethereum (ETH), stellar lumens (XLM) and in euros.

Recruit Invests in Beam

The developers of Mimblewimble-based cryptocurrency Beam have received financing from the Japanese corporation Recruit, which specializes in human resources. The company has made the investment in Beam Development Limited through the RSP Blockchain Tech Fund which was established in November 2018. The announcement details that Beam is an Israel-based “provider of blockchains that consider the confidentiality of user information.”

Recruit further notes that it’s interested in supporting promising startups with the aim of discovering new technologies and new business models. The company also points to the rapid increase in settlement and exchange services and the great expectations for the implementation of crypto technologies in corporate activities.

Rakuten Pay to Support Cryptocurrencies

Japanese online retail giant Rakuten has announced plans to add support for cryptocurrencies in its mobile payments app. Digital currencies will be introduced with the upcoming update of Rakuten Pay which will be released next month. The overhaul will also bring support for payment cards, barcodes, and QR code payments. Last year Rakuten acquired a crypto exchange called Minnano Bitcoin and the expectations are that its features will be integrated into Rakuten Pay.

What are your thoughts on today’s news tidbits? Tell us in the comments section.

Images courtesy of Shutterstock.

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The post In the Daily: Quadrigacx Transfer, Tokenized Bonds, Beam Investment, Rakuten Pay appeared first on Bitcoin News.