Any knowledgable thoughts on how to create a healthy environment for ICOs?

[amancoin]

As the industry becomes more regulated this will happen anyway. Until then, there are a few good sites out there that review ICOs. Try finding one that you agree with and then using their recommendations.

yes i agree. cyrpto companies can't forever fighting with the regulators...

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[amancoin]

In perfect world there should be a working prototype of ICO product.
Cause now most of them sell an idea without any knowledge of how to make it live
hoping that ICO money will help them, whcih is obviously not always so

This ACO platform is working towards it. IDHub (idhub.network) is one of their success stories..

[amancoin]

Archipelago Group Announce Partnership Streamlining the Insurance Underwriting Process For ACO

ARL International Limited (ARL), which is associated with the Labuan based Archipelago Insurance Group and ACO Platform Foundation today announced the partnership for ACO. A Perfect blend between two organizations to streamline insurance underwriting process that will strengthen the accreditation within ACO. The Archipelago Insurance Group underwrites all lines of General and life insurance including Takaful, Reinsurance based in Malaysia.

ARL is a Labuan based general insurance broking company with operations in Kuala Lumpur, Malaysia. ARL’s principal activity is to mainly structure and broker international insurance products and services for both individuals as well as corporate customers.
“ARL is excited about our new partnership with ACO Platform Foundation. This will enable us to deliver the first of its kind underwriting service and workflow functionality for ACO platform”, said Richard Goh Ah Hong, the Group’s Chairman.

Read more at this link:
https://medium.com/theacoplatform/arl-international-limited-announce-partnership-streamlining-the-insurance-underwriting-process-for-655ff6b82130

[2342q6tegw]

I had a lot of thought on this and posted on the topic phases ico. I think there are two major levels of ico fundraising the series a/b crunch where millions are appropriate but you should have a product or demo at the very least, and the small early startup who can't get money any other way. I think current systems do a good job for the former but without a turnkey service you end up with people who add tokens pointlessly to their software rather than doing a security token (with all the legal compliance etc) and using that to fund development of non blockchain software.

[Strufmbae]

Throughout my experience, i came across a lot of ICO scams. Wouldn't it be great if we can find a way to fix this? Apart from doing due diligence & research on your own, is there any other way to invent some kind of safety features for the ICO dilemma? Let's share our thoughts & idea here...something that's realistic perhaps?

One initiative I am very happy with is the "Inverted KYC". IcoBench asks members of the ICOs team´s to prove identity and possibly a bit of the background and makes an special mention of those who pass this requisite.

I really like this idea, but instead of just knowing information to only one party why not both?

I have idea to suggest.
Don't make fun of this.
It is better to have a request from fbi so that a developer can run a project in  legitimate way and can also help investors be secured. If developers are scam then fbi can trace them easily.

Is it exaggerated? 

[amancoin]

I had a lot of thought on this and posted on the topic phases ico. I think there are two major levels of ico fundraising the series a/b crunch where millions are appropriate but you should have a product or demo at the very least, and the small early startup who can't get money any other way. I think current systems do a good job for the former but without a turnkey service you end up with people who add tokens pointlessly to their software rather than doing a security token (with all the legal compliance etc) and using that to fund development of non blockchain software.

beta version of the platform will be ready in August or September. It will be used by a global startup awards entity..

[amancoin]

Throughout my experience, i came across a lot of ICO scams. Wouldn't it be great if we can find a way to fix this? Apart from doing due diligence & research on your own, is there any other way to invent some kind of safety features for the ICO dilemma? Let's share our thoughts & idea here...something that's realistic perhaps?

One initiative I am very happy with is the "Inverted KYC". IcoBench asks members of the ICOs team´s to prove identity and possibly a bit of the background and makes an special mention of those who pass this requisite.

I really like this idea, but instead of just knowing information to only one party why not both?

I have idea to suggest.
Don't make fun of this.
It is better to have a request from fbi so that a developer can run a project in  legitimate way and can also help investors be secured. If developers are scam then fbi can trace them easily.

Is it exaggerated? 

nope its not exaggerated. and im sure FBI are on the topic of ICOs. The ACO Platform have no problem with the regulators, authorities or governments...in fact they're are open to work with them.

the Malaysian SC have already called them up & they will be having a series of meetups to discuss further on how they can work together.

[amancoin]

ACO, The Engine That Fueled The Explosion Of Utility Economy By Yang Braxter

The Rise Of Utility Economy (UE)

The fast-growing world of tokenizing business through Blockchain technology raised up a new economic phenomenon known as the Utility Economy (UE). In what is called the Utility Economy, a term coined by Ted Huang, the father of FinTech, imagine the token value created in all the crypto-land perspective can simultaneously create the visibility of identity, information, ownership, property and any real-world objects that creates its own unique digital representation. Trust is fragile, the Decentralize Ledger Technology (DLT) deployed to unleash the control that used to be placed in the hands of a few. Once we make systems decentralize, every participant share the responsibility and authority to display transparency.

All the digital representation symbolized in token form will fuel up all the elements that generate systematic reinforcement towards target behavior. These reinforcers in tokenized form having the behavior to interact with other reinforcers in the different business environment making utilization of future access to product and services. This is what we coined as the Utility Economy.

*Read the rest here:
https://medium.com/@acoplatform/aco-the-engine-that-fueled-the-explosion-of-utility-economy-by-yang-braxter-70d88de72b17

[amancoin]

Utility Economic: Value Consumption To Power Up Business To Business To Customer (B2B2C)

The Blockchain is venturing to revolutionize the new internet and the world is experiencing a new economic phenomenon known as the Utility Economic. This revolution is tokenizing every business in the world and it makes sense that the Utility Economic is booming up the sector of utility-to-consumption (UTC) business model to serve B2B2C. The Utility Economic communities comprise of entities from businesses and mass consumers that communicate electronically and transacts using decentralize platform powered by Blockchain. This is Glocal agenda both to serve global and local businesses and this is massive.

“The Utility Economic is upcoming next. It has the potential to underline real consumption of asset value using blockchain technology and enhance it” said Ted Huang, Father of FinTech who coined the term Utility Economic.

Read the rest of the article here:
https://medium.com/@acoplatform/utility-economic-value-consumption-to-power-up-business-to-business-to-customer-b2b2c-234302b0b4cb

[amancoin]

Malaysia Technoprenuers Launches Crypto Valley Malaysia (CVM) To Facilitate The Blockchain Needs For Government And Industries

June 20, 2018 - Kuala Lumpur, Malaysia, the newest edition of a tech foundation called Crypto Valley Malaysia (CVM) has launched. The CVM believes that it will facilitate to combine industries, government and business communities need in the implementation of Hybrid Exponential Technologies such as Blockchain, Big Data, Artificial Intelligence, Machine Learning, Singularity Technologies and many others to solve the real industries and business needs.    

CVM CEO, Faizal Shebli conclude in his welcoming speech “CVM is aiming to put Malaysia to the eyes of the world, Blockchain best practices will bring huge benefit to the country. Both public sectors and industries will see how blockchain bring the Internet of value: a new decentralize platform that will reshape the world business”.

To read the full article please check the link here:
https://medium.com/@acoplatform/malaysia-technoprenuers-launches-crypto-valley-malaysia-cvm-to-facilitate-the-blockchain-needs-4e76a9828339

[amancoin]

ARTHUR YAO AT WBS FRANKFURT 2018

The ACO Platform Foundation CEO, Mr Arthur Yao was making headlines at the Frankfurt World Blockchain Summit 2018 by Trescon Global. He gave a tech talk to the audience about The ACO Platform and its role in the Utility Economic (UE) Ecosystem.

The session gave a positive rapport throughout the World Blockchain Summit and The ACO Platform Foundation is committed to provide the best cooperation to interested parties involved.

WBS Frankfurt: frankfurt.worldblockchainsummit.com
ACO website: acoplatform.com 
ACO Telegram: t.me/theACOplatform 

[amancoin]

Ideas Sharing Between UDAX And ACO On The Implementation Of Digital Asset Exchange In Asia

July 29, 2018 — Kuala Lumpur, Malaysia, the implementation of a digital asset exchange in Asia is aggressively led by exchanges players worldwide. With Crypto currency is being widely accepted in most countries, the aim of the digital exchanges players is not only to list currently trading digital coins but also to provide liquidity facility for all companies within Southeast Asia region.

ACO team Malaysia had the opportunity to discuss on a potential collaboration of digital exchange impIementation in Asia with United Digital Asset Exchange (UDAX). They have successfully launched UDAX Korea, and UDAX Hong Kongis going live only on 31st July, 2018. According to Dr Bobby Lieu, CEO of UDAX, the first professional digital asset exchange that consists of brokerage firms and investment banking professionals in the world.

Read the rest here:
https://medium.com/theacoplatform/ideas-sharing-between-udax-and-aco-on-the-implementation-of-digital-asset-exchange-in-asia-53de7b79f476

[amancoin]

Tokenizing The Global Halal Industry — The Next Big Venture Achieving Utility Economic By Dynamic Duo ACO and CVM

Halal Utility Economic Tokenization In The Making

The halal global market value, according to statistic.com, the statistic shows approximately 1.4 trillion USD in 2017 and are expected to reach 2.6 trillion USD in 2023. For the benefit of those who may not familiar with this industry, Halal is an Arabic word for “permissible” and is often used to refer to food and drink which are acceptable for Muslims to consume under the Islamic law. How does this industry relates to blockchain some might ask? Fair question. One of the most compelling uses of blockchain technology is the ability to record information and verify where and when it was added to the network.

This will be a strong compulsory feature for Halal consumers where traceability and transparency of the source material for Halal food. That is the answer to how Blockchain technology is relevant to this venture. The adversity of knowing when and where a product was made is interesting, being able to trace its history is powerful and tokenizing it is the next big thing in Utility Economic. Digital tokens are designed for Utility Economic activity and blockchains are ideal to handle them.

Read the rest here:
https://medium.com/theacoplatform/tokenizing-the-global-halal-industry-the-next-big-venture-achieving-utility-economic-by-dynamic-526cb63d3719

[amancoin]

ACO Awareness Campaign Targeting Micro Businesses In Malaysia

July 3, 2018 — Kuala Lumpur, Malaysia, the accreditation process in ACO makes this new fundraising mechanism safer and potentially can benefit 3000 micro businesses in Malaysia as part of the strategic initiative to accelerate startup economy in this country. A significant advantage of an ACO for investors is that it is open to everyone. The costs associated with marketing ACO and the contribution settlement are considerably lower than some of the other popular mechanism used for fundraising.

Read the rest here:
https://medium.com/theacoplatform/aco-awareness-campaign-targeting-micro-businesses-in-malaysia-c94a03e625c

[BeBlockTech]

Throughout my experience, i came across a lot of ICO scams. Wouldn't it be great if we can find a way to fix this? Apart from doing due diligence & research on your own, is there any other way to invent some kind of safety features for the ICO dilemma? Let's share our thoughts & idea here...something that's realistic perhaps?

you can't. do you homework... and if the guys don't answer all questions of all analyst remember it's a big RED FLAG !!!!

i came across this https://www.acoplatform.com
could you please take a look & tell me your thoughts?

I don't know this one and it would take a while to do a proper research. Sorry.

please take a look & tell us what are your thoughts

I don't know if this is the answer you are looking for but the way I start my research is by looking if the team has taken an SSL certificate for their website, and if they did, for how long they took it. The project you are talking about took an SSL for only three months.

https://imgur.com/a/1j7wONi

I am not the one who is going to do any additional research about a project that doesn't have the money to pay for at least a year of SSL certificate. Such certificate cost a max of 100€ a year, and you can even get it for free when you know what you are doing...

Also, if there is at least one person with common sense in that team he should know that you don't save on such things. No, I'm sorry, not that you don't save on such things, in fact, it's quite the opposite, you DO save on it by taking one for a year or three. When they do stuff like this, whit their bad Wix.com design, the only thing I can think of is that they will probably exit scam and after three months the site will probably just disappear with investors money.

[SinisterS]

There really is no way to be 100% certain, so I suggest to not focus on ICOs, and focus on establish coins. I don't think you will be missing much, since the ICO market seems to be saturated and people dump as soon as the coin launches. Wait for when the coin is at least on the exchanges.

[UltimatePro]

I don't think there's much you can do. Scammers will be scammers.

[marilyngroom]

I know a coin who raised over 230 million dollars, and after launch it steadily went down to $4,000,000.

That is such a disaster, you would think it would be something that's talked a lot about, but no, it's just another failed ICO.

There have to be so many horror story of people losing everything.

[b_oo]

This is where regulation could be a positive in the world of crypto. Is the ICO and the people running it had to register with a government entity, and could be held accountable if there was a fraud.

[raymondspeaks]

For me there has to be a few things in an ico before I invest. Only that I've been burned countless times in the past.

1. A proven track record of setting targets and meeting them
2. Honesty and transparency between investors & the core team. That way if there is a delay in the project then people that laid their money on the line are the first to know.
3. A credible track history in the market they wish to incept - if not, then a bunch of transferable skills, and a bright eyes and bushy tailed approach at what they want to achieve.
4. Realistic goals
5. No price forecasting. i.e. invest now and watch your profits go $$$$$$$$$$$

And a few others, but I think those are the main ones for me.

We invest in an idea; so broken English and a rubbishy website isn't enough to put me off -- they might have a fantastic idea and a real credible team to get stuck in to whatever it is they are planning! Language and Design skills/team would probably come after investments start rolling in.