Bitcoin Forum

I've been trading crypto for a while and I stumbled upon this very interesting article.

https://medium.com/cryptocontrol/announcing-the-ccio-token-87ec10e1bb7e (https://medium.com/cryptocontrol/announcing-the-ccio-token-87ec10e1bb7e)

What I found interesting was the they were building a trading terminal which is designed to be a lot like what Bloomberg and Reuters have. I was thinking about looking into the token that they've created which looks like something worth investing into.

I ran a background check on their sitecryptocontrol.io (http://cryptocontrol.io) and they seem like a legit company, with some very interesting tools. Also, they are looking to do an ICO by 2022, which makes them even legit.

They do not seem like a legit company

I don't know why you said that but do you mind telling me why do you think this company is a scam? I just finished reading some parts of the article and they already mentioned that their token, CCIO, won't have a token sale these tokens can only be earned but not bought from them, so how can this company be a scam if they won't be getting money out from their tokens? I also did a few background checks in the web and found nothing about CryptoControl scamming anyone with their free news curation service.

The article states that the tokens can only be earned, and not bought, but also states that there will be an ICO in 2 years' time. It also makes no mention of how you can earn these tokens. It states that tokens will be become more valuable as time goes on, but also says that they will always have a fixed exchange rate of 1000 tokens to 1 dollar.

There are a lot of things that don't make sense about this token. I'd be very cautious.

these types of token are extremely risky, because the businessmodel basically promotes its own scam, those that run a business unsustainably, will get a lot of investors for a ponzi sceme hitand run ico

Right. doesn't make sense, what's the reasoning behind having a ICO in 2 years? Are they waiting for the bear market to be over? Does it really take years of careful planning before company open up and offer a ICO? How can they be valuable overtime if you are not offering it to public? Lots of questions and doubts so I would be cautious as to what the project can really bring to us.

Probably they're talking about something other than monetary value, but I really doubt the project. Just as you said, too many things doesn't make sense. ICO in 2 years, but tokens already released, probably they want to do an IPO? Who knows.

Anyway, token that pay out monthly dividends is essentialy securities.

With having an unclear business plan or roadmap you can already make such conclusions that this is no different from other tokens that do promises out future value of their tokens
but still end up on the same path or faith which either they become a scam or an another add up on the pile of shitcoins in the market.
Just on out topic and not to shill out is that the only project that do pays monthly dividends is KICK coin which i do currently hold. Paying up already 2 years time as far as i remember.

There are plenty of coins that pay out dividends to their holders. Some coins pay out more of the same coin, such as XLM. Other coins will pay out in a different coin, such as NEO paying out GAS or VET paying out THOR. Then there are exchange coins such as KCS or COSS which pay their holders a percentage of the exchange's trading fees. Having a coin pay out dividends is not a novel concept, and if it something you are truly interested in, then there are plenty of established coins out there that will do just that - you don't need to take a gamble on this unclear and confused project.

All these coins suffer from the same drawback though - unless you are holding thousands of dollars worth of said coin, your payouts will be pennies.

Yes, i had just mentioned out on what im holding but there are actually 10's of them that do give monthly dividends and include those masternode ones.Why would risk to new project if theres lots of established ones.?  ;D

Because we're too late to join the train? I do think those established projects price is way expensive for new users, therefore, they look for an ICO opportunity. But in the end, they also need to compete with people who are richer than they are.

You got the point but the odds on hitting up possible good similar project is too low but if you can able to gamble or handle the risk, then why not? but if you do have always the doubts
then you dont have any options but to stick out on the best ones.

You can earn tokens by:
- Sharing CC on Social media: https://content.cryptocontrol.io/token-social-media/
- Integrating with CC's API: https://content.cryptocontrol.io/api-rewards/
- Referring users to CC: https://content.cryptocontrol.io/referral-program/

The rate is only fixed on the website's front; other markets can trade the tokens at whatever price they choose. This is in place because the website is where the tokens actually have utility. By fixing the price we're stating that even if the token's value decreases, then we'll be the ones bearing the loss by still accepting the tokens at a fixed rate.

Hope this clarifies  :)

Isn't there a difference between those coins paying out fixed amounts like Neo or even Waves (via leasing) or POS and masternodes... with actual dividends paying tokens? The former are all incentives given for holding and staking, basically a return for your help in securing the network. The latter are paying out company profits to holders based on ratio of holdings. Very much like a share system in a typical company, which is one reason all these types attracted regulatory attention for being securities (in that they are centralised and centrally issued and hold a promise of returns).

Correct! To clarify, I'm the founder of this project.

The CCIO token being launched will give out dividends in the form of ETH/TUSD not in CCIO; a lot of tokens to date are classified as unregistered securities and they come under bigger scrutiny when they solicit investment from investors (Granted that a lot of investors are mad that they've lost a lot money due to ICOs). What we're trying to do is set an example of how a company should legitimately use a token to grow it's product, userbase and valuation.

Which is why our tokens can't be bought and there is no ICO to date. They can be traded! but we won't be ones putting in our own share of tokens. We aren't even interested in cashing profits we make via a token sale or whatever. That's not the focus.

The beauty of the token system is that it tremendously reduces the cost for us to behave like a public company, which forces us to be transparent to our supporters whilst allowing them to also be a part of our success with the dividends we give out. And this I believe is the really important point that we're trying to focus on; not profiting by asking investors to buy CCIO tokens. Moreover the token also has utility within the platform itself.

Credibility is very important in this space. Which is why we've been working and building various products for the crypto-ecosystem for nearly two years. The token is taking things to the next step

Not to be a downer, but the beauty of your system is well known, but it is also the one thing that would cause your system to be classified as a security (as I pointed out earlier in previous post). This makes your jurisdiction particularly important and a pain point for many would-be investors or mere token owners.

Moreover, a straightforward dividend system equal to ratio of ownership could have a lot of manipulation, despite the transparency, especially when involving buybacks - as many projects have found out last year. I'm personally on two such projects, and have been happy with it, especially one in particular where financial statements are shared. But transparency doesn't necessarily equate with accountability.