PRINCEREDROSE
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February 15, 2018, 08:54:58 AM |
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[color=limegreenWhen a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO) ICO coin list, 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. 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. 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][/color]
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Danil.P
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Activity: 134
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February 15, 2018, 06:28:03 PM |
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How much time would it take to buid a reputation in the ecosystem?
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1Bullion
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February 15, 2018, 06:34:49 PM |
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Hello! I like this project, precisely has potential! How ICO and how many it has been lifted still? I will watch the course of this project!
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ZazaCash
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Activity: 155
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February 15, 2018, 06:38:00 PM |
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When I think about taking a loan, there's a lot of obstacles coming to my mind. I hope that will be easier eventually thanks to blockchain!
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Chermet21
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February 16, 2018, 01:00:00 AM |
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I'm extremle proud of having joined the project during pre-sale! Wish you the best, devs!
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playstoprepeat
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February 16, 2018, 01:03:24 AM |
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What's that airdrop in the ann? Isn't that just ICO Bonus?
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Shcoda07
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Activity: 76
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February 16, 2018, 07:03:58 AM |
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Thanks for the new year bonus!!!
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silvestar
Legendary
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Activity: 1134
Merit: 1002
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February 16, 2018, 07:04:16 AM |
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Five days left before the first phase of mass funding. The project has not yet caught SoftCap. The sum of money has reached 1.8 million USD. But you should not forget that SoftCap is 5000000 USD. I do not know if I can complete it or not. But looking at the project and the team, it does not seem to be not completed.
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Diom.click
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February 16, 2018, 10:06:13 AM |
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Glad to see the sales progress!
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Zinger09
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February 16, 2018, 02:28:11 PM |
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I'm lucky to have joined the projeck at the early stage, wish you good luck!
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tousika
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February 16, 2018, 02:36:34 PM |
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Where is the data of the token?
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Point.cash
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February 16, 2018, 04:46:37 PM |
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Do I understand it correctly, that Genie Shield is basically an additional fund that is used to payback the lenders in case the borrowers can't pay on time?
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Roxane
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February 16, 2018, 04:49:53 PM Last edit: March 20, 2018, 09:08:54 AM by Roxane |
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Hello, My name is Roxane and I would like to offer you my service for your project as a translater from english to french. After working as a full time Steemien (blogger on Steemit, a social network based on the Steem blockchain) for alsmost a year with my partner Roxane, I discovered that the french language was missing in the blockchain industry. I started to translate severals blog posts to continue with the Steem White-Paper, Steem Blue Paper and the entire Steemit website. It has been followed to the launching page of Utopian.io and severals others projects as the subtitles of the Steem Smart Media Token or others educational videos. After more than a year full-time in the cryptosphere, I am now really familiar with the specific language and terminology related to blockchain technology and I am willing to help more projects to get the visibility it deserve. If you are looking for someone to translate any of your content (website, whitepaper, ICO guide, video subtitles, or books related to the cryptosphere, …) in french, please, don’t hesitate to contact me. And for sure, I accept crypto currency as payment ! Links to some translating jobs : White & Blue Paper - http://comprendre-steem.fr/whitepaper/whitepaper.fr.pdf- http://comprendre-steem.fr/whitepaper/bluepaper.fr.pdfLanding Page - https://join.utopian.io/Videos - https://youtu.be/ieQXpeYda3c. - https://youtu.be/7MYHcoONaFM. - https://youtu.be/K8ODCDcofzs. Steemit Roxane : www.steemit.com/@roxanehttp://comprendre-steem.frETC interview : https://steemit.com/dtube/@roxane/b2t99r31Zcoin interview : https://steemit.com/dtube/@roxane/vvemvubm
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book.me
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February 16, 2018, 11:59:04 PM |
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Agree, genie shield is a very smart solution. But how is it formed?
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strelok25
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February 17, 2018, 12:07:09 AM |
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Interesting Genie project and i believe if this project has good potential and will be success in a the future. but why this project not launched bounty program on this great project? However, you have a clear vision of you are about to make, so I strongly believe in Genie.
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standards
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February 17, 2018, 01:29:32 AM |
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Interesting Genie project and i believe if this project has good potential and will be success in a the future. but why this project not launched bounty program on this great project? However, you have a clear vision of you are about to make, so I strongly believe in Genie.
Actually there is a bounty campaign. It has been lasting for a long time.
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Vladik24
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Activity: 166
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February 17, 2018, 01:31:00 PM |
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Guys, thanks for startig a referral program! It works well!
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standards
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February 17, 2018, 01:36:00 PM |
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There is only 10 days left before the end of the ICO. Hope it can reach soft cap eventually.
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wegip
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Activity: 188
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February 17, 2018, 01:40:39 PM |
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Personally, I'm so fond of modern p2p projects. They make it all easier and more effective, since there's no middlemen. And with the trust problems solved as well thanks to the digital passports, I think it will be very successful!
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vindermarch
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simply getting the job done
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February 17, 2018, 01:41:59 PM |
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Well, the Genie project looks really interesting. Roadmao planning looks so mature. Moreover, in handling a number of professional and accomplished people. I think this project is the best in mid 2019. Hopefully this project is a great success.
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