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Author Topic: Thoughtful Approach to solve ICO Fraud & save Blockchain Industry.  (Read 29 times)
pkhutal
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April 25, 2018, 09:08:28 PM
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Hello Guys,

I am a big fan of fairness and honesty & truly believe that Token made from Blockchain has Value. No government can ban it or Say it can't be done.

Crypto have biggest problem from long time and I'm trying to figure out Crypto space. I've came up with only one solution to solve this Highly Volatile Altcoin Crypto Market and No Regulation Beast. 'Learnt from past Finance and Capital Markets'.

Why currency prices crash by 80 to 90% in the initial days of ICOs is because, pre-ICO people get more than 20% of coins volume at a discounted price of 50% and also free coins to so called Experts, Lawyers & Advisors.

Only one thing can change the face of this Crypto Industry. It is 'Book Value' of Project with Crypto/Fiat, or any Asset as Backing. Eg. X Coin raised 150 Million dollars last year when ETH was 400 USD. When ETH goes 1600 USD, then is this X Coin team incentives in next 12 Months is raising ETH price? Or developing the promised technology? They can simply play around with investors money. But, what if we have Book Value to every Coin with BTC/ETH/Waves?

We need to learn from IPO. Underlying Assets and Profitability of foundation for calculating fair Book Value, which is updated 24x7.

With fair Book value price calculation, we will have reference point to know health of Foundation. Foundation financial health and future plan can be executed, or they can release new Coins and increase liquidity. It will become barometer for Investors, Holders and Users. Still Satoshi way of doing things was better which is, launching open source code, giving incentive to miners, incentive to investors, avoiding frauds and engaging with Community. ICO is not the only way to move forward. Most ICO Coin companies are only focused on high price, conference driven, chit-chat and future promise with discounted rates to few so called ICO Experts.


How to calculate Book Value of Foundation?

Book Value of Z Coin = ((Total underlying Assets of Foundation in BTC/ETH/Waves)-Liability Amount)/Total Z Coin in Circulation

Market will have two values, 1. Current price derived from Exchange and 2. Book Value price derived from Net Asset holding. Foundation should have ways to make money and reduce coin in circulation and reduce liabilities.

Market will always find Current Price from Exchange based on non-tangible things and Book Value Price from underlying Assets with Foundation.


Strictly we don't want to raise BTC/ETH/Waves and become 64739th number of ICO. Infact all ICO advisors or so called intelligent people have to put money to even touch that Coin with zero discount. If we ever make it, that Money will be liability to Foundation, which should be returned back by not issuing more Coins but by earning.

I have to tried to explain how we can create book value for foundation here :https://www.linkedin.com/pulse/thoughtful-approach-solve-ico-fraud-save-blockchain-industry-khutal/

Please do share reviews.


Thank you

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