Connect with us

Expert Take

The Process for holding an Initial Coin Offering explained.

Published

on

The cryptocurrencies and Blockchain Technology spawned a new way of public crowdfunding known as Initial Coin Offering or ICO.

Understanding various steps to conduct an Initial Coin Offering successfully.  

  • Introduction

A few decades ago, the internet was the revolution, that brought the humans closer to each other. All the information across the world was made available on the fingertips of each and every individual, gradually the network gained momentum and now the internet is the biggest network of computers and servers around the globe. After Internet, came Bitcoin and through Bitcoin came Initial Coin Offering.

 

  • Cryptocurrencies

The Internet is the one where a copy of the data is sent to the client requesting it, but with the invention of cryptocurrencies using the Blockchain Technology, the transfer of information was made possible by avoiding keeping copies of it in different places. In other words, an asset on the Blockchain network would be available at only one location at a particular instant of time. Hence it was based on, not sharing, but ‘transfer of value.’ Bitcoin was popularly known to have been solved the double spent problem which existed in cryptocurrencies prior to Bitcoin, but with the Blockchain Technology and its spectacular features, people couldn’t stop praising and embracing it.

 

  • Initial Coin Offering assisting Entrepreneurs

In order to start a particular business, an entrepreneur requires huge amounts of investments depending upon his project. Earlier it was difficult, as the entrepreneur had access only to a limited number of Venture capitalists and investors in his vicinity. But the cryptocurrencies and Blockchain Technology spawned a new way of public crowdfunding known as Initial Coin Offering through which the investors and venture capitalist from all around the world gained access to participate in the offering provided by the project.

 

It is well known that the Initial Coin Offerings are highly beneficial, as they digitize the complete process and reaches to every investor in the nook and corner of the world as it is online. Depending upon the popularity as well as the potential of the project, it is evident that one has been able to raise almost millions of dollars within a few days of the Offering, which was highly challenging for the Initial Public Offering.

 

The Initial Coin Offering Process is as explained below.

1. Having a clear Idea or intention behind the project is the first and the foremost prerequisite for the Initial Coin Offering. One must be very crystal with respect to his project and its implications in the real world. One must be able to differentiate themselves from other similar ongoing projects in the market so the users understand why the project must be supported.

2. After having a clear idea for the reason of existence of a project the entrepreneur’s next step is to create an effective team consisting of developers with a lot of technical knowledge to develop the product, business professionals in order to assist in the marketing and for the development of business model for the product along with the barristers to provide the project with legal assistance with respect to the regulations from the government.

3. Once the entrepreneur is done with the above-mentioned steps, he must have a clear vision of what Blockchain must be applied for his particular project so as to make it as efficient as possible. The structure of the public sale, the number of tokens, along with the time frame for the ICO must be ready at this stage.

4. Development of a user-friendly and technically apt White paper is the next step. The entrepreneur is needed to author a Whitepaper which explains the project in an easy and an effective way for the investors. This is one of the crucial steps, as the White paper is the official document that contains all the legal terms and conditions of the Initial Coin Offering along with the project’s detailed information. The entrepreneur must be able to resonant the project into the investor’s minds for a successful Initial Coin Offering through this.

5. Before making the project open to the public, it is well advised that the entrepreneur reveal it to the industry insiders and some of the close investors so as to get feedback from them and give a facelift to the project. The Entrepreneur might not be able to identify some of the key inherent flaws in his project. Doing this would surely be helpful to him. This group of people might further act as a word of mouth to propagate the project further.

6. A pre-sale can be conducted by raising a limited capital prior to the original Offering. This might help in funding for the developmental as well as legal procedures required to set up the complete ICO. This is, however, is optional.

7. A selected suite of investors can then be targeted to market the project through numerous social media tools. The project members can also initiate a discussion on various Bitcoin forums about the application of the project.

8. Finally, the Initial Coin Offering is conducted on the stipulated date. It might also be offered in different phases for a prolonged duration of time to obtain funds consistently.

Continue Reading
23 Comments

23 Comments

  1. Pingback: The Process for holding an Initial Coin Offering explained. – Btc News Magazine

  2. Pingback: The Process for holding an Initial Coin Offering explained. – The Coinage Times

  3. Pingback: List of the best cryptocurrency to mine with GPU – BTC Crypto News

  4. Pingback: Electroneum Cryptocurrency Explained. How to buy Electroneum? – Crypto News index

  5. Pingback: Top 20 ICO Advisors for your Initial Coin Offering 2018. | APAC Newswire

  6. Pingback: How to start mining Cardano? Cardano Mining Explained. – BTC Crypto News

  7. Pingback: How to start mining Cardano? Cardano Mining Explained. – Crypto News index

  8. Pingback: How to start mining Cardano? Cardano Mining Explained. - Coins News Update

  9. Pingback: Is Ethereum going to rise in 2018? – The Coins News

  10. Pingback: Is Ethereum going to rise in 2018? – News Bitcoin Today

  11. Pingback: Is Ethereum going to rise in 2018? – Crypto Prices News

  12. Pingback: Is Ethereum going to rise in 2018? – Btc Bitcoin News

  13. Pingback: Is Ethereum going to rise in 2018? – Bitcoin News

  14. Pingback: Is Ethereum going to rise in 2018? – COIN MAG

  15. Pingback: ADA a great investment? Cardano Full Analysis – Top Coins News

  16. Pingback: ADA a great investment? Cardano Full Analysis – BTC News Paper

  17. Pingback: XLM vs ADA: Stellar vs Cardano Analysis – BTC Crypto News

  18. Pingback: Crypto Adoption: Swiss Bank plans for an ICO – Coinance: Bitcoin, Ethereum, Blockchain & Cryptocurrency News

  19. Pingback: ADA about to rise? Cardano Price Analysis 8 Oct – BTC News Paper

  20. Pingback: ADA about to rise? Cardano Price Analysis 8 Oct – Top Coins News

  21. Pingback: Latest mining equipment for Bitcoin, Ethereum, Bitcoin Cash, Monero and EOS – Coinnounce (press release) (blog) | Bitcoin & Cryptocurrency

  22. Pingback: Say Hello to BestMixer.io, the Worlds Most Anonymous Legit Bitcoin Laundry – Online Coin News

  23. Pingback: Say Hello to BestMixer.io, the Worlds Most Anonymous Legit Bitcoin Laundry – Coins News Update

Leave a Reply

Your email address will not be published. Required fields are marked *

#Ethereum

Do We Really Want To Tokenize Everything? And Can We?

Published

on

It’s not only gold that’s being tokenized. Other precious metals are also up for trade via blockchain technology. Stocks, bonds, and shares too.

Over the last year, there has been considerable discussion over the tokenization of physical assets. That is, having something tangible, like a bar of gold, represented by a token on a blockchain, like Ethereum or Bytom, so that there is an immutable record of ownership of the asset. This asset can then be traded or sold without the need for a middleman to keep a record of the transaction – and take a commission for his troubles – thus making the transaction safer, faster, and less expensive.

It’s not only gold that’s being tokenized. Other precious metals are also up for trade via blockchain technology. Stocks, bonds, and shares are all said to be next, and security token offerings are one incarnation of this move. In fact, STOs are hotly tipped to be the next big thing.

It seems anything worth anything is ripe for tokenization.

 

So, Everything Is Tokenizable?

Any blockchain that is capable of executing a smart contract (like Ethereum and Bytom that I mentioned earlier) offers the ability to have part-ownership of an asset. Recently, Andy Warhol’s famous painting, ’14 Small Electric Chairs,’ was tokenized and sold at auction. Over 800 bidders bought a 31.5% stake in the painting, which had a reserve price of US$4,000,000.

 

But who gets to hang it in their dining room and for how long?

I don’t think anyone is actually going to get the opportunity to have this piece hanging up on a wall in their home anytime soon, but what if this was not a painting but a luxury yacht. Not many of us can just go out and buy a luxury yacht, but what if twenty people wanted to and decided to buy one together?

It is possible to execute this type of transaction via smart contract on a blockchain. Twenty YCHT tokens could be issued, and each owner would receive one. They would have an immutable record of ownership that they could trade or sell to another party at any time. But the token would also show how much time that person would be able to have on the yacht. In fact, in an IoT kind of way, access to the boat could be restricted simply by not having the right blockchain-based digital ID credentials with you when you go to start the yacht’s engine. There’s plenty more that can be achieved with a smart contract, but you get the idea.

The same functionality can be used for cars, vacation homes, rental agreements, the list goes on, and there are plenty of companies out there trying to make these things happen right now, but I won’t go into those here.

 

Do We Want This?

Since most blockchains are decentralized and, therefore, have no central governing bodies to mess with the record as it suits them to, smart contracts that allow people to share ownership of an asset between them is an ideal solution. However, disputes could prove an issue.

Let’s say Owner 5’s three-year-old spilled apple juice all over the back seat of the shared car. Owner 7, the next car user, spots the damage and requests Owner 5 pay for cleaning. Owner 5 says that the spill had occurred before they got the car. What then?

One idea would be to have CCTV in the car so that the other owners can check back through the footage to see what really happened and to decide who should pay for what. But this is veering towards an Orwellian 1984-style totalitarian, panoptic mess that society should be aiming to avoid.

Smart contracts run on Ethereum, Bytom, Stellar, or any other capable blockchain certainly stand to make our lives simpler. However, smart contracts are still in their early days, and much work needs to be done with them before they can be deployed in fully mainstream applications.

Continue Reading

#Bitcoin

CoinMarketCap is now on Telegram and very community-driven

Published

on

CoinMarketCap, a platform that has been serving the cryptocurrency community since 2013, now has an official Telegram group to educate the community

CoinMarketCap, a platform that has been serving the cryptocurrency community since 2013, now has an official Telegram group to educate the community about latest happenings in the world of cryptocurrency & blockchain with market updates, relevant news, and educational content.

 

CoinMarketCap

CoinMarketCap is the most used websites amongst the crypto enthusiasts, having a great user experience. The platform provides a comprehensive breakdown of the current price of more than 2000 cryptocurrencies in the market. The price is calculated by averaging the prices of top cryptocurrency exchanges weighted by volume. CoinMarketCap offers essential data such as historical price charts, coin information, ranking, the market capitalization of each cryptocurrency, circulating supply along with the 24-hour volume for the millions of cryptocurrency enthusiasts.

 

CoinMarketCap for Traders

CoinMarketCap is also an excellent tool for traders for viewing the hourly, 24 hours or 7-day percentage change of a particular coin. The information on the platform is updated in real time. CoinMarketCap fetches real-time data from top cryptocurrency exchanges and ranks the top 100 exchanges for traders to choose from and decide which one is the best suitable for them. In summary, CoinMarketCap can be called a solution for all cryptocurrency related data that anyone needs for investing, trading or understanding cryptocurrencies. CoinMarketCap now offers a pro API plan which provides more robust data endpoints for subscribers.

 

CoinMarketCap Community Group

CoinMarketCap has recently announced the launch of their official Telegram group which aims at connecting the entire crypto community with market updates, relevant news, and educational content. It’s also a great space to bond, share and learn about crypto related topics with the peers in the community.

 

How do you join the group?

To join, simply download Telegram Messenger onto your mobile phone or desktop.

Telegram Messenger also works on the web: https://web.telegram.org. Once you have successfully registered on Telegram, you can search “CoinMarketCap Community” in the search bar. Users can also click on the following link to join the group instantly: https://t.me/CoinMarketCap

 

CoinMarketCap Chat Bot

CoinMarketCap also has an interactive chatbot: @CoinMarketCapBot which will allow you to have an interactive experience through choosing your own adventure on market updates, latest cryptocurrency news, and educational content.

This is a great new way of receiving quick updates in the crypto market. The whole thing only takes a few minutes and the interaction with its sassy bot is not only informative but also quite entertaining!

Continue Reading

Ethereum

Ethereum price can reach $53 soon. Real ICO dump is on its way.

Published

on

Some crypto critics claim that Ethereum is no longer valuable to the cryptocurrency and blockchain space as new projects like EOS.

Ethereum might be in the darkest of all times, with 50+ top ICOs still waiting to dump their ICO funds. There is a fear that mass liquidation might be just around the corner for ETH and will bring the price back to early 2017 levels.

As reported by CoinGecko, ETH has already experienced 90.54% since the all-time high of $1448,18 on Jan 13, 2018, around ten months back. The SEC ruled against 2 ICOs last week and fined EtherDelta founder Zachary Coburn.

 

 

Currently trading at $137, ETH might very soon be in 2 figures and reach $53 which is the next support level.

Most ICOs that raised in 2017 will hold a considerable amount of ETH in their wallets, and a big dump is eminent anytime soon. This “dump” might bring the ETH price to early 2017 levels when it traded from $20 – $53 levels. The ICO projects need to liquidate to fiat to run their day-to-day operations, and as soon as ETH hits two figures, t will become a must for these projects to liquidate.

 

The current price of the Ether is $225.24. Let's understand the background details of the price, since December 2017. Price history of Ethereum

 

Some crypto critics claim that Ethereum is no longer valuable to the cryptocurrency and blockchain space as new projects like EOS are faster, cheaper and more reliable.

 

What do you feel about the ICO dumping? Do you still believe ETH will ever rise above $150? Comment below.

Continue Reading
Advertisement BitcoinAdvertising.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 3214.0422768
  • ETH
    Ethereum(ETH) 83.9897966728
  • EOS
    EOS(EOS) 1.863600411
  • LTC
    Litecoin(LTC) 23.6023363284
  • BCH
    Bitcoin Cash(BCH) 76.8754887652
  • TRX
    TRON(TRX) 0.0127250738
  • ADA
    Cardano(ADA) 0.0282797497
  • XEM
    NEM(XEM) 0.0577589928
  • DASH
    Dash(DASH) 60.6944554284

Trending