When i search i found ICO projects with very good rating, this rating posted buy ICO rating websites, how this rating works, websites did not mention about the factors use to rate this projects.
Give them money and get your own rating. Do your research without relying on others words. |
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I have seen many exchanges have launched their own token like Binance with BNB, Idex with IDEX, Hotbit with HTB, Yobit with YO etc. where exchanges use their own tokens as another way to pay fees to support token. In addition to it, different strategies are used to create a hype like decrease in supply etc.
But if an exchange goes through a hard period of time and shuts downs then ultimately that token will come to its end because there is no community other than that exchange supporting the token simply because it has no usage outside the exchange.
According to me exchanges should promote the usage of their coins/tokens outside the exchange to build a community in support of it. If your community consists of huge individual entities who believe you then a great community can be formed. Otherwise lack of applications would lead these things to disaster.
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Recently i watched a debate on crypto between Professor and Economist Nouriel Roubini and BitMex CEO Arthur Mayes. What i have noted and learnt from there is that we need good and up to the mark persons to represent crypto.
Nouriel Roubini totally bashed Arther Mayes because he knew absolutely nothing related to crypto and he had clear cut answer to not a single question of Dr. Nouriel Roubini.
But on the other hand i also watched Tone Vays vs Nouriel Roubini which was a productive talk.
We need some knowledgeable people to represent crypto so the adaption of crypto can be increased in the future. If we continue to allow people like Arthur Mayes to represent crypto i am afraid that crypto cannot find new people who can stay here.
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Every centralized exchange and crypto currency has its own pathway on which it is running. I would recommend a making of a joint board of governance or a crypto Association run by just crypto community regarding the crypto assets. May be this time is too far but keeping in view many and many scams and lot of things it would do some things.
1. There would be one main decentralized exchange for the crypto currencies to rule out all centralized exchanges.
2. Only authorized coins/tokens can be traded on that crypto exchange.
3. There would be one voice for crypto instead of too many voices where every just tells his own story.
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There are many scam tokens in the market and more and more scam tokens are getting into the markets now a days. Creators just spend 30$ to create the token and just drive a marketing campaign and earn millions. Neither these tokens are backed by any commodity nor any FIAT money.
Before this is possible, they spend more with marketing, bounties, airdrops, etc. But now I don't think that this is still possible today, majority is now aware of these scammers and isn't willing to invest anymore. You might still see some bounty participants but there's no guarantee with their efforts. My point is that either tokens should be backed by something (commodity or FIAT) or we dont need tokens.
For the stable coins, it really should be backed by fiat. My whole thinking is bringing fairness to crypto. Otherwise it is almost impossible to attract new traders or investors. This fairness will help crypto to get believe of people who just went through those scams. |
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There are many scam tokens in the market and more and more scam tokens are getting into the markets now a days. Creators just spend 30$ to create the token and just drive a marketing campaign and earn millions. Neither these tokens are backed by any commodity nor any FIAT money.
My point is that either tokens should be backed by something (commodity or FIAT) or we dont need tokens.
Well, if it is backed by FIAT/commodity, its value will always be tied, which is similar to all the Stablecoins It really depends how you want the token to work If you want its value to be stable and not fluctuate, you can backed with anything that is fairly stable (Gold, Fiat) If you want its value to be dynamic, don't back it with anything. Lets market discover its fair price Stable tokens can be backed by FIAT. But others can be backed by any commodity like Silver or any other thing (By the way there are many gold backed scams like KBC and Au). Why i am saying for sticking to the concept of backing? Because it will create the worth of a token otherwise it is just a scam if no development goes on as it is in many cases. |
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Token creation nowadays is very handy even a little child could create his own token. And if you want to appear more professional and legit, there are hundreds of whitepapers out there in the internet and copy-paste some portions of those and you will have now a professional-looking scam. And if you have more than 50$ to start with, you could join crypto or blockchain conferences even as an audience only and you have already earned additional merit to blind investors. In addition to it, go to conferences and make selfies with people who have reputable names in Crypto. I saw samething in a scam token Roobee where the creator has clicked selfies with Binance CEO etc..... And people get fooled with it. |
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There are many scam tokens in the market and more and more scam tokens are getting into the markets now a days. Creators just spend 30$ to create the token and just drive a marketing campaign and earn millions. Neither these tokens are backed by any commodity nor any FIAT money.
My point is that either tokens should be backed by something (commodity or FIAT) or we dont need tokens.
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There are many centralized exchanges here which have suffered many hacking attempts which resulted in loss of millions of dollars.
Point is that do we need centralized exchanges? Isn't that against the bitcoin philosophy as Bitcoin was created to get rid of Centralization. All of this is just centralization.
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Actually most of the newbies and simple people dont even realize that how easy it is to create a token and then creator just dumps on them once they get listed on exchanges. It takes too little to get on exchanges which want money to scam their own users. For example: A token named Roobee got listed on Yobit and guess what more than 98% of the supply is in first 10 accounts.
So what can any one expect in such a scenario?
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So the token has more than 99% supply in just first 10 accounts. Isn't signs of a scam or i am becoming skeptical?
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So do you people think that the problem of scalability can be solved with the lightning network other solution?
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Can transaction time of bitcoin decrease with some technology or during its lifetime transaction time can not be decreased?
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I joined tagz exchange project.This is trusted project and awesome team doing well job behind the project
This project is trusted? You paid shiller. It is by the same Bryan Seiler who have done scams like Fitrova and Twilx shits. Bryan come here i will kick your back. you deserve a death. |
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I think most of the people talk and think about the price while investing.
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I deposited Aurm coin from Cryptopia to Coinexchange. But sill 0/20 confirmations. What can i do? And what is the problem?
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