We all know that cryptoworld is still in the beginning. It means that crypto is managing themselves to fits properly in a new world where they don't exactly know what will happen to it. Or, to make it simple, go with the flow.
We can see three main aspect in crypto: Crypto itself, Investor and Government.
At first crypto was born without know one noticed. Bitcoin. I don't even know what bitcoin was if there was no Wannacry Virus attack last year.
When people knew the price of bitcoin is rising, they fomo-ed. They became the investors. As they invested, they started to know about blockchain. With the unusual ROI, goverment slowly trying to regulate crypto.
Some cryptocurrency were failed already, some turned out to be scam project, but a little will be your best investment. In this early stage of crypto, one cannot stand alone to survive. You see how some ICO are competing each other, they are like copy-ing each other. But, the one backed with Venture Capital will always win. But, how to survive in long term?
The answer is to build a strategic partnership. It means they cooperate in order to keep existing or to overcome the future's problem, or maybe to make their tasks easier.
Take a look at this example :1. Medibloc ($MED) made a strategic partnership with Policypal Insurance ($PAL)Medibloc is korean based blockchain, focused on the development of blockchain on health industry. They use blockchain to keep the personal health data, so you don't have to double-scan your body for unneccessary reason.
Policypal Insurance is singapore based blockchain, focused on providing insurance in crypto industries.
So how will they benefit?First, MED is guarantee-ing their customer that their data is safe in the blockchain. So, to make sure it is safer, they made a strategic partnership with PAL. On the other side, PAL is making sure that what MED is on the track, then to make a statement that it is safe and guaranteed. If MED, let say, is hacked, PAL will audit their contract, etc, and paying them with their tokens, hopefully to minimize the loss. Also, MED is participating in government-funded project (NIA project). PAL is automatically has a great marketing just by partnering with MED.
2. Trade.io ($TIO) and ICO Watchdog ($DOG)Trade.io is Swiss-based crypto, aiming to disrupt the traditional financial system. Their objective is to bridge the traditional financial sytem into modern technology by blockchain. They have successfully raised more than $30 million. They are delivering their promises by launching an exchange, where we can trade crypto, forex, commodities, CFD, OTC. They have Liquidity Pool, which will return 50% of profits to community based on their TIO holding. They also make an ICO Listing Service to their clients, willing to list to trade.io exchange.
This is where they need ICO Watchdog. DOG provides scamwatch and tokengrade feature. With this feature, TIO can use it to analyze every ICO who intends to list on trade.io exchange. Making sure they are very qualified. Lots of clients are already on the pipeline to get listed on trade.io. With this partnership, they can work faster. Also, they can audit the contract easily, thanks to DOG's feature: Tokengrade.
On the other hand, DOG will get best team to promote their tokens, by get listed in trade.io. Also, TIO will airdrop their clients' token.
Anyway, TIO is having a lot of partnerships. Go check trade.io. And don't forget to register yourself first to the exchange. register.trade.io
https://trade.io/l/ezvlYou see how crypto is so much volatility that strategic partnership cannot be ignored. And when they keep exist until government are friendly with crypto, until regulation is done, you know what will happen to the crypto, right?
