What Does It Take to Create a Good ICO Rating?

What Does It Take to Create a Good ICO Rating?

Some things are easy to rate.

If you go to a movie, you can make a ruling on how good it was based on your own enjoyment of the film, and perhaps on how good the cinematography and acting were. However, some things require some real work to rate accurately. ICOs are one such thing. Let’s take a look at what goes into developing an accurate and reliable ICO rating.

First, You Need an ICO List

In order to rate ICOs, you need to have a list of ICOs awaiting ratings. An ICO list on its own is a valuable tool for the cryptocurrency community, as it collects ongoing and upcoming ICOs in one place so potential investors have a great place to start their research. Especially given the difficulty of advertising an ICO, thanks to ad bans on most major platforms, it could be hard to find new ICOs to invest in without a list. Maintaining a list of ICOs requires having reliable web hosting, a well-designed website, and some method of updating your list, whether via inviting ICOs to submit themselves to your list, using a web crawler, or manually searching and adding ICOs that interest you. If you use user-generated or bot-generated content, you need to have a human on your team overseeing it in order to avoid the sort of sloppy, embarrassing errors that can occur without fact-checking.

Then You Need a Panel of Experts

For an ICO rating to have merit, it needs to have been created by someone with the credentials to judge the trustworthiness of the project. You could have a single expert do all of your ratings, but the staggering number of ICO projects out there might prove a daunting task for one person. Plus, if you have only one rater, they are only drawing on their own knowledge, and the ratings may also be influenced by their own biases. Ideally, you should have a panel of experts, drawn from several industries. Knowledge of cryptocurrency, business, law, and investment could all be beneficial for an ICO rater. Additionally, you might want to have some people on your team who are skilled at research and have a love of fact-finding, as it may take some digging to find all the details about an ICO’s team.

When choosing your panel, it’s imperative that you vet them thoroughly. Be sure that they actually have the experience and expertise that they claim to have. Only hire people who are suitable for the job. Resist the urge to give a job on your expert panel to an old friend or favorite cousin who needs work. Remember that when you make someone an expert on your site, you are vouching for their knowledge. It could reflect poorly on your site if you employ so-called “experts” who proceed to make uneducated comments about cryptocurrency on social media, or use their position at your company to get speaking engagements or jobs for which they are not qualified. There are two approaches you can take to having a rating panel. One is to share the identities of everyone involved, in order to showcase their expertise. The other is to keep your rating board anonymous, in order to protect them from bribery and harassment. Both are equally valuable, and you may want to discuss with your potential raters what they would prefer before making a final decision.

You Need to Establish Your Criteria

To bring it back to the movies, different genres are judged on different criteria. You would judge a comedy on how funny it was, but that’s not really a concern for a documentary. ICOs, on the other hand, should all be judged by the same criteria, and an ICO rating site should apply those standards evenly.

Some sample criteria include the quality of the ICO’s team, the merit of their idea, and how realistic their goals are. A rating might also take into account marketing and social media engagement. While many industries might consider a receptive online audience to be nice but not always necessary, an ICO’s audience says a lot about them. If the project has been received well by the cryptocurrency community, it speaks well to its potential success. On the other hand, if a project appears to only be gaining traction with crypto-newbies who are convinced they’re going to get rich, it may not be a trustworthy ICO. Your criteria should be clearly displayed and explained, so users of your site understand why a particular ICO has been rated as good or bad. After all, different potential investors will be more or less risk-averse, and some may see certain criteria as less important than others.

You Need to Research, Research, and Research Some More

Remember that team of experts you hired earlier? They’d better enjoy researching, because there are so many things that need to be investigated before rating an ICO. Just considering an ICO’s team, you first have to determine if the people who are listed as being involved in the project are actually involved in it. If they don’t list the project on their LinkedIn profiles, are they not actually affiliated with the program, or are they ashamed of their involvement? Either one is a definite red flag. It’s not enough to just discover if someone actually works for an ICO, though. You also have to follow up and see if they actually have the experience and skills they claim to have. Are they qualified for their role at the ICO?

Beyond that, your team will need to read the whitepaper to determine its quality and the validity of the proposed project. They’ll have to check GitHub repositories to inspect the project’s code. Someone will need to have a look at how well the project is engaging with investors on social media. Of course, if all of that seems like too much work, you could just do a surface-level amount of research, make a rating based on your initial impressions, and then suffer the fallout when you inevitably give a good rating to an obvious scam.

You Need to Choose an ICO Rating System

How will your ratings be expressed? The most popular options appear to be rating them on a scale of 1-10, or 1-5, or using letter grades. However, you could come up with your own unique rating system if you wish to stand out. Whatever you use, it’s important to make it clear and easy to understand if you want your ICO listing and rating site to be popular. It’s also beneficial to prominently display the rating, as we live in the “too long, didn’t read” era. Many people will simply scan the ratings without reading the more detailed information. Additionally, the crypto community is international and multilingual. You may have visitors who have only limited literacy in your native language, so be sure your ratings can be understood even through a language barrier.

You Need to Stand By Your Ratings

If you’ve chosen a good team, a good set of standards, and good research procedures, you should be confident in your ratings. You shouldn’t change them based on how other sites have rated the same ICO, pressure from the ICO’s team, or a discreet payment under the table. This means you need to own up to your mistakes, too. While most scams can be spotted with proper research, the crypto community has been rocked by a few instances of legitimate-seeming, promising projects turning out to be well-executed exit scams. When this happens, some sites are quick to rush in and change their ratings to lower than before, so they can pretend that they saw it coming all along (as long as no one has any pesky screenshots to prove them wrong).

Admitting your mistakes is an important part of growth. If you give a good rating to a project that your team couldn’t find any flaws in, and it turns out to be a scam, use this as a learning experience. Was there some area of research you had neglected that could have turned up some dirt? Did the scammers use some particularly clever ruse that you can look out for from now on? Integrity stands for a lot in this industry. Stand by your ratings, and stand by your team. That said, also expect the best from your team. If you discover that someone is accepting payments to change their ratings or otherwise engaging in shady behavior, you are responsible for cleaning house. Even one corrupt rater on a team of dozens can tarnish your sites reputation.

Finally, You Need to Spread the Word About Your ICO Listing

There are already a lot of sites out there which list and rate ICOs. If you’re new to the field, you’ll have to work hard to establish a good reputation. The same bans that stop ICOs from being able to advertise on the major social media platforms may impact you as well. In fact, before you expend all the effort to make a rating system for ICOs, ask yourself… “What am I bringing to the field?” Do you have a special area of expertise, or a great idea for how to improve on the existing model? Then go for it! Otherwise, you may want to ask yourself if your talents might be better applied to some other aspect of the crypto industry.

Article Produced By
Cointelegraph
Yavin

Yavin is the Founder and CEO at Cointelligence, the data layer for the crypto economy. He has extensive experience as a serial entrepreneur and an angel investor, as well as more than 20 years of experience in the tech industry. Having earned the reputation of crypto expert, On continues to contribute to this industry in ways that advance cryptocurrencies and blockchain technologies. On uses his deep hands-on experience and knowledge of SEO, PPC, and ORM to create successful online marketing strategies for ICOs, crypto, and blockchain companies.

https://cointelegraph.com/press-releases/cambodian-crypto-exchange-applies-for-a-license-to-become-the-first-legally-certified

Why Waves is Best for Airdrops

Why Waves is Best for Airdrops

Imagine you’re building a house.

You could transport the bricks in small batches in the boot of your car. Or you can hire a lorry for the purpose. Either will work, but only one was designed to do the job quickly and effectively. Which do you choose? Airdrops have become an important element of the crypto landscape and for good reason. By distributing small amounts of tokens to many different users for free, you instantly gain a very large potential userbase. These recipients will generally want to find out more about the project. They may become larger buyers in due course, as well as some of your first testers, end user, ​ and advocates for the business. All of this can be gained in return for allocating a small proportion of your token supply in advance, plus the cost of airdropping them to hundreds or thousands of blockchain addresses. All you have to do is distribute them. But that’s the thing. Distribution. And it’s not as easy as you might think.

Big airdrops, big headaches

Here’s the thing: you can conduct an airdrop on any blockchain — just as you can theoretically transport your building supplies with any mode of transport, whether that’s a car, lorry, bike or SegWay. There are just good reasons why you might not want to. There are a few factors to consider. Obviously,​ it needs to be a platform that supports custom tokens. No major problem there: even bitcoin supports assets (via the Omni protocol, for example). But then you’ve got to send them all out to different addresses, using whatever criteria you choose for recipients.

Naturally,​ you want your send process to be fast and as low-cost as possible. You don’t want to be competing for block space, and you don’t want to be paying high transaction fees. That makes something like bitcoin/Omni a non-starter — imagine having to pay many tens of thousands of dollars or more to get the job done. And if you’re sending thousands of transactions, you can forget it: they’re going to be stuck in mempool until you’re grey-haired. Ethereum’s a better option, and plenty of airdrops do occur on the platform. But fees are still comparatively high, and the network is not designed for large throughput (just ask the Crypto Kitties).

Then there are some of the other problems that can occur if you misuse a blockchain that’s not really built for the job. A few years ago there was an initiative to pay dividends to stakers on BitcoinDark (a privacy coin that was built on a proof-of-stake clone of bitcoin). The first time a large number of transactions was submitted via a script, the network forked. Oops.

Waves-NG

So this is where Waves comes in. You can conduct airdrops on any blockchain. A handful of them can cope with that reasonably well. But there’s only one that has specifically been designed to support the kinds of transaction volumes that a large airdrop requires. Waves’ consensus algorithm is Waves-NG, which is capable of processing an order of magnitude more transactions than most other blockchains — quickly and at low cost. Standard fees are 0.001 WAVES per transaction (around $0.005 right now) but it gets even cheaper thanks to the mass-pay function, which is purpose-built exactly for this reason.

That makes Waves an incredibly efficient and low-cost way of conducting huge airdrops. The proof? Waves processed over 330,000 transactions in a single day on 26 December 2017. 170,000 transactions were confirmed within just 20 minutes, and it is theoretically possible to process up to 10 million transactions per day. Job done in one go.

Article Produced By

Waves Platform

The fastest blockchain platform with real-world solutions for storing or exchanging tokens, trading (DEX) or running business logic (Waves smart contracts).

https://blog.wavesplatform.com/why-waves-is-best-for-airdrops-cebc260232d4

 

4 Founders Reveal Secrets Behind Wildly Successful ICOs

4 Founders Reveal Secrets Behind Wildly Successful ICOs

ICOs can be daunting to execute, so it’s best to learn from founders that have been there, done that.

Launching an ICO is a Daunting Process

                                   4 founders that have run successful ICOs

We spoke to 4 founders that have run successful ICOs about what they deem to be important when launching ICOs, how
to best go about approaching such a gargantuan task and some of the issues they encountered when doing so. (From left
to right, top to bottom: Jack Yeu, Co-Founder and CCO of Switcheo Network; Christel Quek, Co-Founder and CCO of BOLT;
Val Yap, Founder and CEO of PolicyPal Network; Stephen Hyduchak, Founder and CEO of Bridge Protocol)

Private sales and making sure you have the right investors onboard

Having raised US$8.7 million in their March ICO, Switcheo Network chose to hold a private sale as they had “a small following from the start”. Feeding off of the buzz surrounding competing product DEXs on NEO like Neon Exchange (NEX) and Aphelion, they consulted with one of the founding partners of NEO Global Capital, Roger Lim, to accelerate their fundraising process. Jack Yeu also highlights the importance of networking within the crypto world,

stating:

The advice and connections [Roger] brought to us proved to be invaluable.

Christel Quek of BOLT shares that of the US$12 million raised in a combination of Ether and NEO, approximately US$9 million was raised through a private contribution round that was completed in 2 months. She also shares that BOLT were very strict in ensuring that they had

strategic investors on board.

We would assess their contribution to our project, including introductions to key partnerships, that they would trade our BOLT Tokens diligently (vs a pump and dump situation).

Community, engagement and transparency

How a project’s team presents itself and interacts with the community is key in ensuring interest, a point that Stephen Hyduchak of Bridge Protocol raises. Through AMAs (Ask Me Anything threads on Reddit) and community influencers, Bridge Protocol aimed to be fully transparent in their project’s progress. As a testament to his team’s commitment to transparency, he tells us of a time in which “the team stayed up throughout the night to make sure users received their NEO back within 48 hours” while their token sale was ongoing. Val Yap of PolicyPal Network adds that Community Managers were key in maintaining interest in their project during

the ICO period.

They share all our projects on Telegram and Twitter, and also frequently engage the community to address any concerns they might have.

For her, Telegram engagement is especially important as it provides a means of instant and direct communication with the community. She boasts that at one point in time, the PolicyPal Network Telegram channel had over 23,000 members actively participating in the discussion.

Use the whitepaper to showcase your project and any working products

The whitepaper is often seen as an integral piece of the ICO pitch, allowing the project team to showcase their vision and the technology behind it. Val Yap tells us that the whitepaper is “important in getting interest from investors during [the] public crowdsale”. Christel Quek goes a step further by telling us that while the whitepaper is a good reflection of what a project has to offer, what it really boils down to is the “delivery of results”. Amid a bearish market, investors have rightly become more cautious when approaching ICOs. What matters most is having a working product and to inform potential investors of

your mission.

What matters is to start from the mission and to articulate it in a narrative that anyone in the market can understand, before going to work on deal-making […] to make the project a wildly successful one.

There’s no need to run a 6-figure ICO

Most ICOs run into high 6-figure sums and in some cases 7-figures. Knowing how much you need to spend, and how to avoid the 6-figure pitfall can go a long way when planning your ICO. For BOLT, the entire ICO (including legal, accounting, operational and technology fees) ran them just under US$500,000, all of which was borne out of the founders’ pockets. Having these funds in place as an investment is key to making sure the ICO is successful.

As Christel puts it,

Good things take time and money, especially if you want the process to be rigorous and done to a high standard.

Mint what you need and keep your Token Economics simple

Token economics refers to the model and implementation of cryptocurrency systems based on blockchain technology. As such, they’re an important part of attracting investors, providing a way to show both speculative and utility value. Stephen Hyduchak shares that Bridge Protocol based their token economics on the needs of their platform, ensuring “Bridge Protocol users wouldn’t need to buy more tokens than needed”. Of the total 1 billion tokens available, 500 million was offered to the public, while the other 500 million was retained by the company to provide incentives to potential partners.

For founders like Jack Yeu, ensuring their token economics were as simple as possible was a means to make sure “[the] project and token was easily understood by the masses”. Having distributed 1 billion Switcheo Tokens (SWTH) during their token sale, SWTH provides a discount on trading fees – operating similarly to the Binance token. It also serves as a trading pair to “potentially facilitate the transfer of value across different blockchains in the future”.

Article Produced By
Eugene Cheng

About the author

Eugene is Partner and Creative Lead at HighSpark – a strategic training and presentation design company that works with Fortune 500 companies and blockchain startups to communicate more powerfully. Eugene writes about blockchain trends, business and marketing for leading publications like Lifehack, Techinasia, e27 and more.

https://bitcoinist.com/4-founders-secrets-successful-icos/

What is a Cryptocurrency Airdrop by Cryptocurrency Facts?

What is a Cryptocurrency Airdrop by  Cryptocurrency Facts?

What the Term “Airdrop” Means in Cryptocurrency

In cryptocurrency, the term “airdrop” is used to describe a type of distribution event for a cryptocurrency where tokens are distributed to existing wallets. Or more simply, an event where “free coins” or coins purchased during a pre-sale are “dropped” in existing wallets. In other words, the term “airdrop” describes a distribution event that occurs when a cryptocurrency decides to distribute tokens to users for any reason. For example:

  • A distribution event that occurs after an ICO goes live and the smart contract for the ICO sends new tokens to the existing addresses of users who participated in the pre-sale. For example, one buys into an ethereum-based ICO, then on the airdrop date the token is sent to user’s wallets and they can then “add the token” to their Ethereum wallets (see the KIN and UKG ICOs for example).
  • A distribution event after a hard fork or the creation of a new token which results in existing coin holders getting “free coins,” but where the platform being used requires the distribution of tokens. For example, a fork on the Ethereum network that creates a new token on the Ethereum network or another coin’s network (see fork-airdrop hybrids like the Ethereum Classic Callisto Airdrop and the Loopring Airdrop for example).
  • A distribution event where tokens are given to existing holders as a reward for sticking with the cryptocurrency or as an incentive to get people to hold the cryptocurrency or a related token (see the WAVES Bitcoin Cash airdrop for example).

With the above in mind, we can say then that the term “airdrop” refers to an event where tokens not associated with addresses become associated with them, generally due to a person participating in a pre-sale (like with an ICO) or holding existing coins (like with some forks). However, with the above noted, sometimes the term “airdrop” is used loosely to describe distribution events regardless of the specific mechanics (like in the case with some forks that use the term “airdrop” in their PR).

Since there is a little bit of disconnect between how the term is sometimes used (especially factoring in how it is used on social media) and what the term means in a more pure sense, it is helpful to understand the different definitions. That is the gist.

Airdrop Snapshot Block Height and Airdrop Distribution Date:
An airdrop may include either/or 1. an Airdrop Snapshot Block Height, a block height that one has to hold an existing cryptocurrency during to qualify for the airdrop (a snapshot of the existing ledger is taken at that block height), and 2. an Airdrop Distribution Date, a date upon which the tokens are airdropped to existing wallets. Airdrop snapshot dates would be be used with fork-airdrop hybrids, Airdrop Distribution Dates are common to all airdrops and simply describe the date on which the airdrop occurs.

The Semantics of Airdrop:
Airdrop has become somewhat of a PR term here in 2018 and that has led to some questionable usage of the term. As noted, sometimes the term is used to describe a distribution event that occurs after a hard fork goes live and coins can be claimed… even in cases where nothing is technically being airdropped. In cases like this, the term “airdrop” is being used loosely. The slightly confusing thing here is that, as noted above as well, a fork can have an airdrop. For example, in the case where a snapshot of the ledger is taken, the software is forked, but the distribution after the fork occurs on another coin’s network (like with the Loopring example above).

I think part of the confusion is due to the fact that there is no good word to describe the distribution date after a fork where the whole of the software is forked (and of course, that distribution is the exciting part where people get “free” coins)… Thus, sometimes the term airdrop gets borrowed to describe distribution events that aren’t actually airdrops. The General Meaning of the Term Airdrop: If you want to airdrop a file from your iPhone to another iPhone, you take your file, share it over WiFi or Bluetooth, and then it appears on the other person phone. The person didn’t have the file, now they do. It was “dropped,” through “the air;” “airdrop.”

Article Produced By
CryptoCurrency Facts

https://cryptocurrencyfacts.com/what-is-a-cryptocurrency-airdrop/

Despite What You Hear, The ICO Is Not RIP..

Despite What You Hear, The ICO Is Not RIP

The big news in cryptoland in 2017 was the rise of the Initial Coin Offering.

The knowledge that something like this could be possible dates back to the early years of Bitcoin, but the dawning of the reality was quite awesome to behold. Anyone with an entrepreneurial idea could float a token and invite people to invest. The investment vehicle was not a broker or bank but a distributed platform that connect buyers and sellers. What they got in return was not a stock or share in the profits but the rising value of the token itself. It’s a highly liquid stake in a protocol. Small businesses, churches, schools, websites, and charities of all sorts could raise money this way.

Most importantly, the ICO illustrated the hope that anyone could be involved in both soliciting and investing in enterprise while bypassing the hugely regulated, bureaucratized, and impenetrable apparatus of traditional financial markets, including rarified venture capital funding. It seemed like we were watching a beautiful future unfold, the democratization of investment and fundraising. The possibilities are without limit. We’ve never seen anything like it in the history of finance.

This year, matters have been different.

MORE FROM FORBES

  • Only 7% of ICOs from Q2 have been able to secure listings;
  • 55% of all ICOs from this period failed to hit their funding target;
  • 15% of projects already had a working business, versus 6% in Q1, and whether or not this was the case had no effect on fundraising success.

So I decided to take a closer look at the very detailed report being cited here. The actual facts show a different picture that do indeed point to long-run success, even if the markets seem rather stalled at this moment. What we see is a spectacular increase if looked at year-over-year. In 2018, compared with a year earlier, the report finds the that ICO market has more than doubled. Collectively, ICOs of 2018 have already raised $11,690,981,663 of investments, which is 10 times bigger than the cumulative sum of investments from ICOs of Q1-2 2017. Excluding EOS, the cumulative amount of funding received from ICOs of Q1-2 2018 is 6.4 times bigger than the one of Q1-2 2017.

The total amount raised in the second quarter of 2018 is: $8.4 billion dollars. That doesn’t sound like a dead market to me. It’s true that half the new ICOs in the second quarter were unable to raise more than $100K in funding. But this suggests a downgrade in the quality of listings. That is no surprise to anyone who has watched this sector over several years. A market with virtually no barriers to entry for upstarts is going to attract…well, just about anyone. It’s for this reason that only 7% of new tokens have managed to obtain listing on established crypto exchanges. But judging by that standard is an extremely high bar. The exchanges are listing thousands of tokens, and even people who obsessively follow this space have to admit that they can no longer keep up with the volume, variety, and frequency of listings.

It’s too much for anyone.

In that same vein, 55% of all ICOS in Q2 2018 failed to complete crowdfunding. But that is only 5% more than the first quarter, and this is in a period of notable pullback in the markets. And also note that there was an 11% increase in the quantity of projects choosing this funding route.

The report further says:

On average, the top projects for Q2 raised 50 million USD. Only 3 mentioned projects attracted all their funds in the course of 1 day. On average, these projects raised their money within 63 days (the average campaign duration time is the same as in Q1, but there is an evident tendency for an increase, at least by 10%). Compared with Q1, the number of projects offering tokens with service characteristics decreased by 24%. The share of projects that offer security tokens decreased by 8%. The number of projects with utility tokens increased by 32%.

What about geography? Despite all the talk of crypto-utopias being set up in far-away lands, North America is still king of the ICO, with 64.7% of all funding attracted. Second is line is the Singapore, then UK, and then Switzerland. Asia showed an increase in funding but a decrease in the number of new projects. In terms of sheer numbers of business registrations of high-value tokens, the geography is very different: Malta, Gibraltar, and Singapore rank as the top three. “We attribute this to an openness to blockchain projects and the legal changes enacted by financial authorities in Malta and Gibraltar,” says the report.

Keep in mind that all this happened despite true setbacks in the markets as a whole. The median return on tokens in the second quarter was a dismal -55%. The average number of investors per token was 7,871, showing what a truly thin market we are really talking about. The great exceptions to the general pattern were Telegram (a communications platform) and EOS, which sports a new governance model for decentralized applications.

The least successful ICOs were cryptocurrencies. In that sense, Q2 was the quarter of burnout on this asset. We have more than enough monies, markets seem to be saying. The success leaders were service and utility tokens, which is to say protocol assets not designed for monetary exchange but rather assets backed by new services that exist apart from their fundraising potential. What industries are we talking about? “Following Q1 trends, the most popular industries with the largest number of projects were finance, gaming, and infrastructure. The number of gaming projects doubled compared with Q1.”

In general, the report has vastly more information and detail than any normal person would ever need to evaluate this new sector of financial life. What it all points to is precisely what many of us came to believe in 2017. Something truly spectacular is taking place that could change finance, investment, and entrepreneurial innovation forever. So why the long faces? It has something to do with the short-term temperament of the investor community as it developed in 2017. This community became addicted to extremely high returns, fast progress, and the belief that everything was changing much sooner rather than later.

History shows a different reality. Railroads in the 19th century had a long and rough start, and the markets were replete with frauds, mishaps, booms and busts, and hence skepticism. The internal combustion engine for tractors took a whole generation to be widely adopted. Internet commerce experienced a spectacular bust in 1999 that traumatized a generation of investors, and we are only now seeing that anti-digital bias fade from people of a certain age. In the end, crypto markets can’t be about this quarter’s prices, this year’s high-flying coins, or this or that company’s fate. The confidence that one has in crypto traces to a conviction concerning the technology itself and what it can and is doing for the well-being of the human experience.

Article Produced By

Jeffrey Tucker

I write about the upheaval in monetary technology in our time. I head editorial at the American Institute for Economic Research founded in 1933. I've written 8 books and speak regularly worldwide on topics of money, trade, and innovation. Disclosure: yes, I have personal investments in the cryptoasset sector.

https://www.forbes.com/sites/jeffreytucker/2018/08/18/despite-what-you-hear-the-ico-is-not-rip/#7da532ed3192

Top Airdrops You’ll Definitely Want Free Coins From | June 2018

Top Airdrops You’ll Definitely Want Free Coins From | June 2018

CoinBundle âœ°âœ°âœ°âœ°âœ°

CoinBundle is a new crypto-investing platform, backed by top Silicon Valley investors, Y-Combinator and recently approved for a strategic partnership with a government of the Philippines. With CoinBundle users will be able to invest into the bundles of cryptocurrencies, that will allow them to minimize the risks. CoinBundle is giving its second airdrop bonus of 100 BNDL for signing up and 100 BNDL for sharing on social-media (200 BNDL total). CoinBundle is also continuing to give away 100 BNDL for every person you refer or invite to sign-up for the platform. This gives you the chance to earn up to 15,200 CoinBundle Tokens. The campaign will end on May, 31.

Entry âœ°âœ°âœ°âœ°âœ°

Entry Money aims to become the people’s bank of blockchain. Entry platform will be about money, exchange, cash, bank and network all together on blockchain. ENTRY is creating an intuitive to use bridge between the old system and the blockchain technology which will revolutionize banking. Entry Money will airdrop from 5 to 50 ENTRY tokens for signing up on website and completing KYC.

DATAVLT âœ°âœ°âœ°âœ°âœ°

DATAVLT is a blockchain data analytics platform – designed to deliver affordable business intelligence to small and medium businesses. DATAVLT employs correlational algorithms to integrate your enterprise data and consumer behavioral data to meet the ever changing requirements of the business landscape. Assisted by Artificial Intelligence and Predictive Learning, DATAVLT platform enables you to tailor the data analysis to your business needs and preferences.

RewardsToken âœ°âœ°âœ°âœ°

BetonChart ($CHART) âœ°âœ°âœ°âœ°

CryptoCoin (C3C) âœ°âœ°âœ°âœ°

Dignity ($DIG) âœ°âœ°âœ°âœ°âœ°

Cryptobontix has a slightly different vision for Unity Ingot. While they are still attempting to continue maintaining the whole legacy asset idea in play for UNY, they have also converted the token into a new token named Dignity (DIG). The amount of smart contract is also being reduced from the huge 10 billion tokens to a bit more acceptable 3 billion. Their main focus is also to ensure that each token is being backed by $1 of Gold.

In addition to the token conversion, Cryptobontix is also planning to roll out 3 additional tokens on Wednesday, February 21st, 2018. The final token breakdown is as follows: one token representing $1 USD in Gold, assumed to be the new DIG token, $2 USD in Silver for the second new token, $3 USD in Platinum for the third new token, and $4 in Palladium for the fourth new token. This is a very interesting idea because now these token will have multiple ways to back their value through the rare metals market.

While the original success of UNY was somewhat stifled by the decline of Bitcoin value, at the same time it introduced a rather interesting way to ensure tokens retain their value and can be passed down to future generations. Reducing the amount of token from the original 10 billion to 3 billion should make a huge difference in the ability of this token to retain its value; we think Cryptobontix is making an excellent decision here. Adding additional token to diversify the value profile is also a great move.

Management

  1. DIG Announces New (World Class) Management Team
  2. DIG is currently on track to have 25,000 mining rigs up and running within six months. Their goal for this time next year is 65,000 mining rigs.
  3. DIG Announces Airdrop! Everyone holding DIG will be airdropped the new tokens for free as a bonus for holding DIG.

To accept the airdrop, you will have to move your DIG tokens to a non-exchange wallet. The “bonus token” will be listed on a minimum of two exchanges to possibly five.

Compatible Third-Party Wallets:

  • Exodus Wallet
  • MyEtherWallet (MEW)
  • Trezor Hard Wallet
  • Ledger Hard Wallet
  • Bread Wallet
  • Mycelium Wallet

DIG tokens can be transferred onto exchanges again, once the airdrop has completed. Do your due diligence and be ready. DIG is literally doubling your holdings at no cost so now you will own two different tokens. With some of the upcoming partnerships and news expected over the next couple of months (according to industry insiders) Dignity (DIG) could do another 500% without breaking a sweat. Making Dignity (DIG) our #1 pick with the highest upside % upside.

The Top Exchanges

#1 Binance

Binance is the #1 exchange in our opinion. If you don’t have an account with Binance and you plan to trade crypto.. you’ll want one.

#2 Kucoin

Join Kucoin for some of the small/mid cap cryptocurrencies that may not be listed on Binance yet. Fess of KuCoin are really competitive. It charges a flat fee of 0.1% per trade, while the average in the secctor is around 0.20% – 0.25%. Besides, for those who hold KuCoin Shares, there are attractive discounts.

LiveCoin

Small/Micro cap cryptocurrencies.

=======================================================================================

Disclaimer:

The information provided on this website does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of the website’s content as such. CryptoClarified does not recommend that any cryptocurrency, game or token should be bought, sold or held by you and nothing on this website should be taken as an offer to buy, sell or hold a cryptocurrency, token, game or anything similar. Do conduct your own due diligence and consult your financial advisory before making any investment decision.

Accuracy of Information:

CryptoCurrency Clarified will strive to ensure accuracy of information listed on this website although it will not hold any responsibility for any missing or wrong information. You understand that you are using any and all information available here AT YOUR OWN RISK.

Price Risk:

The price of Bitcoin and other cryptocurrencies are highly volatile. It is common for prices to increase or decrease by over 20–100% in some coins in a single day. Although this could mean the potential for huge profits, this also means the potential for huge losses. The same goes for CryptoCollectible games which can be wildly speculative. DO NOT INVEST ALL YOUR MONEY IN CRYPTOCURRENCIES. Only invest money which you are willing to lose. Cryptocurrency trading may not be suitable for all users of this website. Anyone looking to invest in cryptocurrencies should consult a fully qualified independent professional financial advisor.

Article Produced By
CryptoCurrencyClarified

https://cryptoclarified.com/2018/05/30/top-3-airdrops-youll-definitely-want-free-coins-from-june-2018/

 

How The ICO Has Totally Changed In 2018

By establishing a direct connection between the everyday investor and entrepreneurs,

initial coin offerings (ICOs) were supposed to revolutionize fundraising for startups. As things have turned out, however, that revolution can wait. Per the latest statistics, ICOs have become vehicles for accredited investors to make bets in the market for blockchain and cryptocurrency startups. A significant portion of the $18 billion raised by blockchain startups this year has gone to “blockbuster sales” aimed at accredited investors rather than mom-and-pop investors. (See also: The Rise Of Initial Coin Offerings.)

According to data from Coinschedule, an ICO listing and cryptocurrency portal, the top five such private sales accounted for $2.6 billion of the total amount raised. The portal also found that 18% of overall ICO sales are through private sales and 37% were exclusively through private presales. Those numbers have come down from earlier this year, but they are still further confirmation of the increasing hold private players have on ICO blockchain projects. Earlier this year, research firm Token Data revealed that approximately 58% of all ICOs had raised their full fundraising amount through presale rounds, which is to say, by approaching private investors for funding instead of doing a public sale of their tokens. (See also: What Crackdown? ICOs Have Raised $2 Billion This Year.)

Why Are ICOs Becoming Private? 

The answer to that question lies in a single word: regulation. Regulatory scrutiny, whether in the form of pronouncements by SEC and Fed officials or a crackdown by law enforcement authorities, has spooked entrepreneurs. Previously, the rapidly-proliferating ICO landscape was a free-for-all ecosystem, where talented engineers and scammers set up shop. However, the constant media spotlight on cryptocurrencies has attracted the attention of regulatory authorities. The SEC has already issued multiple warnings against ICOs and cracked down on dubious offerings, even those that were endorsed by high profile individuals. 

The overall effect of increased scrutiny by authorities has been to multiply regulatory hoops for entrepreneurs wishing to do a public offering. For example, there has been considerable controversy over the status of utility tokens, which require fewer disclosure forms and checks from the SEC and which are favored by most startups opting for an ICO. But SEC chief Jay Clayton sounded a warning to startups when he asserted that most ICO tokens he had seen were security tokens, or ones that require greater disclosure. His statement introduced uncertainty in cryptocurrency markets as the agency has not clarified its stance regarding ICOs. (See also: SEC Chair Warns Cryptocurrency Investors To Beware.)

Lex Sokolin, global director of fintech strategy at Autonomous Research, told Bloomberg that the (cryptocurrency) space went from three things to think about (before an ICO) to 30 things to think about, and those 30 things are very analogous to traditional finance. Uriel Peled, co-founder of Orbs, raised $120 million from private investors earlier this year and told Bloomberg that private sales are the best kind of ROI because they come with the least uncertainty and least risk for regulations. Preparing for a security token sale is also costlier and takes more time as compared to an ICO for utility tokens. Sokolin estimates an average cost of $1 million to $3 million for a security token sale.  

Private sales to accredited investors also shift costs of conducting a public ICO. Entrepreneurs have increasingly begun issuing a bonus (or discount) on their tokens to private investors. A pop in the token’s price upon listing at a cryptocurrency exchange enables these investors to exit their position at a profit. It also helps bankroll the increased costs for compliance and operations at the startup to conduct a security token sale. In some cases, private sales are also a method for venture capitalists and institutional players to invest in the startup. As such, they may not exit their position during a public token sale.

Investing in cryptocurrencies and other Initial Coin Offerings ("ICOs") is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns small amounts of bitcoin and litecoin. 

Article Produced By
Rakesh Sharma

Rakesh Sharma is a freelance journalist interested in the intersection between business and technology. An alumnus of the Medill School of Journalism at Northwestern University, he has written for Active Trader, India Abroad, InvestorPlace, and Forbes. 

https://www.investopedia.com/news/how-ico-has-totally-changed-2018/

 

Beginner’s Guide to Cryptocurrency Airdrops

Beginner’s Guide to Cryptocurrency Airdrops

As you’ve delved into the world of cryptocurrency,

you may have come across the term “airdrop” a couple of times. No, this isn’t the file transferring feature that comes with Apple devices. In cryptocurrency, airdrops mean free money. Seriously.

What Is an Airdrop?

It seems that every day a company launches an Initial Coin Offering (ICO). It is much harder to stand out with how many are out there. Instead of ruthlessly promoting themselves all over the internet, the team behind the new ICO will look at the blockchain of an already established token and gather up every person who has that coin in their wallets. They will then distribute an amount of their token in proportion to the amount that you hold. A fork of an existing coin can also grant you an equal amount of the new coin, a recent example is when BitCoin Cash was created and all holders of Bitcoin received the same amount in Bitcoin Cash.

Why Would A Company Give Me Free Tokens?

As mentioned, the market for ICOs is over-saturated beyond belief. Most people are more likely to roll their eyes when they see a new cryptocurrency rather than invest. That said, if the team behind that new currency gives out free tokens for attention, they are much more likely to get it. In marketing, first impressions are incredibly important. How could you not think highly of a company that pays you upon meeting?

If a company sends some of their token to your wallet and you notice it, it might prompt you to look into their project more and if you like what you see you might decide to invest in them. It’s free marketing for the token sale or coin launch really, it costs the company nothing to provide these tokens to you but could help them with brand recognition. Another reason companies give out free tokens, is to help decentralization of their currency. A recent example of this was Omise Go who airdropped large numbers of their tokens to Ethereum holders shortly after their successful ICO,

Stating :

At OmiseGO, we believe that tokens are most useful when they are as widely distributed as possible. In the case of a permissionless proof-of-stake (PoS) network, especially one running a very economically valuable decentralized exchange trading both cryptocurrency and real-world money, a wide distribution is also critically important for network security.

How Can I Learn About Future Airdrops?

Airdrops aren’t always a surprise. Some companies announce their intentions via press release, while others will “reward” you for joining their social following within a limited time frame. These teams are more selective as to who gets their free currency, rather than giving it out to the whole blockchain.

Various groups on Telegram or Facebook keep track of upcoming ICO’s and announce any relevant airdrops. Websites like airdropalert.com are always tracking new giveaways as well. Some companies will use an airdrop to promote their wallet or application, stating that the first 50,000 downloads will receive the respective currency. Other projects will even ask you to promote them on a forum or website in exchange for tokens. There are no “official” rules on how an airdrop should occur. Everyone does it their own way, and it’s up to you to decide if you want to get involved.

Staying Safe in the World of Airdrops

Sometimes you may see a currency that asks for your private key or to send them funds before they initiate the airdrop. Do not do this. No proper airdrop will ever need that information from you, let alone ask you for money in exchange. The cryptocurrency industry prides itself on being unregulated, don’t let it get the best of you as their are scammers who will hear about an upcoming airdrop and try to take advantage by creating fake “phishing” websites designed to take your cryptocurrency keys.

To be clear :

Never Give out Your Private Key for Airdrops

Of course, just because an airdrop is legit, that does not mean you’ll make money off of it. Most airdrops are done when a currency is at a low value in hopes that people will invest. The chances are high that these tokens will never raise enough be worth anything. You never can know for sure, so it’s always in your best interest to research any coins you receive before making a decision. Scope out a dev teams social media pages. Are they interacting with their fans and answering questions? They’re probably legit. If an airdrop is real, someone somewhere will have reported on it.

Do I Need a Specific Wallet?

The most popular blockchain for airdrops by far is Ethereum, and many of the tokens created with be ERC-20 tokens. The Waves platform also has a lot of airdrops of new tokens so to make sure you have the highest opportunity to receive free airdrops you should create wallets for both and hold some coins in there.

You’ll see most airdrops require an “ERC-20” compatible wallet, which means any wallet that supports the Ethereum blockchain that you own the private keys for. If you use an exchange to hold your tokens ( which we dont advise ) then you will need to withdraw them to a your own wallet to receive airdrops. You can also use a Hardware wallet such as the Trezor or Ledger which interacts with the MyEtherWallet website, this is the safest way to store your cryptocurrency as your private keys are never exposed to your own computer which means even if you are infected with a virus or malware, they are unable to steal your keys.

Conclusion

Before interacting with any new cryptocurrency, it is always essential that you do your research and believe in the vision behind the technology. Keep an eye out for scams and remember that a legitimate project has no reason to ask for your private information. Airdrops can be an exciting way to learn more about a project, and may even be your next big investment. Just make sure to be smart about your involvements, and always go the extra mile to keep your data safe. And we will repeat one last time …   ""Never Give out Your Private Key for Airdrops""

Article Produced By
Max Moeller

I'm a freelance writer with experience in the games and technology industries. Now I'm breaking my way into cryptocurrency.

https://blockonomi.com/airdrops-guide/

What to do with your ICO Funds

What to do with your ICO Funds

Among the considerations when planning the launch of your ICO

is where your target raise figure should be set. Too many startups do not approach this question with enough thoroughness, instead of establishing a fairly arbitrary figure that leaves them either over-leveraged or high and dry when it comes time to pay operating costs.

The Rhyme and Reason of Setting a Target Raise Figure

Whittling down a target raise amount that is both justified and sensible should be a levelheaded process. Those motivated by greed or grandiose visions of what their post-ICO operations will look like are liable to set their target too high. Buyers and investors must feel that they are getting strong value for the money they put forth in exchange for a token, regardless of whether it is a security or a utility token. Establishing a soft cap and correlating target raise figure that does not reflect the company’s value is unlikely to attract the token buyers necessary to get the project off the ground.

Conversely, being too conservative in setting the fundraising target for an ICO is futile. Failing to raise the sum that will be necessary to fulfil daily operating costs defeats the purpose for which the ICO was established. In other words, taking restraint to an extreme can be just as harmful as showing not enough restraint. For these reasons, thoughtfully outlining your future costs and nailing down a vision that is neither grandiose nor spartan is a must before launching an ICO.

What is the Purpose of Your ICO?

Have a clear vision of what the purpose of your ICO is. Remember, it shouldn’t be to pay yourself or to renovate the company’s office space unless that is going to lead to a tangible payoff in terms of token value. Making the difficult decisions regarding what ventures are worth funding via an ICO — perhaps it’s marketing, advertising, strategic expansion/relocation, strengthening a blockchain, improving functionality, or something else — is an initial step toward setting a sensible target fundraising goal.

Establishing the Hard Cap

The hard cap, the term for the dollar amount needed to completely launch your project, should be seen as a first-phase investment, considering that setting this figure too high can scare off potential buyers. However, the hard cap represents the figure you will need to deliver an ideal version of the project, so giving yourself some leeway for expenses is important. Setting this figure appropriately requires detailed foresight into the various costs that will be required to complete the project, and complete it right.

Establishing the Soft Cap

The soft cap represents the minimum amount of fundraising that will need to be raised from the ICO in order for the most basic acceptable version of your project to be delivered. Far from ideal, you must still set your soft cap in a range that is high enough to deliver the Minimum Viable Product (MVP) without cutting critical features or compromising the integrity of the project. However, this figure must also be set reasonably low as to be attractive to investors seeking a good deal.

How to Proceed Post-ICO

Again, it’s important to note that the hard and soft caps are determined by what you plan to do with your ICO funds. Justifying the fundraising to potential investors by convincing them that you won’t be using their money to take upper management on a cruise, but instead will use it in a way that effectively grows the company, is critical to establishing trust and attracting buyers. So establish how you’ll use those funds before you begin establishing targets, and then once you have those funds, do as you say. Trustworthy companies are able to establish more funding rounds in the future, so it’s important to remain within the parameters of the project at hand so that you can set yourself up for even more success.

Article Produced By

Adrian Guttridge

All You Need to Know About Airdrops

All You Need to Know About Airdrops

Everybody likes free things, although we are usually suspicious of them.

This is because we have been used to thinking that free things serve as a bait to hook you on to something else. So, people would usually shy away from free things particularly free money. But in the cryptocurrency world, there is actually free money and it is referred to as ‘Airdrop’

What are Airdrops

Airdrops refers to a process whereby a  cryptocurrency enterprise distributes its  tokens to a user’s wallet, completely free of charge. Usually, airdrops are done by start-ups, although, established companies or platforms can do them as well. The airdropped coins usually are fairly low in value or used within the ecosystem of a particular platform, but they definitely have the potential to grow. Airdrops are like marketing campaigns organised by a cryptocurrency startup to raise awareness about their services or products. That way, they can generate more interest and exposure for their products. As information about the Airdrop and that particular token spreads among the community, raising the awareness, which in turn increases the trading volume of a particular coin when it gets listed on an exchange. There are basically two types of airdrops. The surprise ones and the ones that are announced prior to the time it is airdropped.

Airdrops are different from Initial Coin Offerings. While ICOs involve a private sale where investors purchase tokens in a private sale often followed by a public sale round where small investors purchase tokens. However, airdrops do not involve any purchasing and are just token giveaways.

How to get free coins

Now that we have established that airdrops are just giveaways, you need to know how to participate in one, in these simple steps. First, you sign up for an Airdrop by filling out a form. Next, you give out your wallet’s address for receiving coins, and free tokens land in your wallet at the speculated time. You can also sign up for online services that provide information about airdrops. These online services will send you an alert when there is an airdrop. Such as   Airdropalert.com or Airdropaddict.com. Also, there are telegram groups and twitter account of coins that announce new airdrops.

Beware of Airdrop Scams

There are many scammer out there ready to take advantage of every situation.  The cryptocurrency industry is not left out. It is still largely unregulated and still growing. For this reason, many scammers set up crypto projects for the purpose of scamming users out of their money. So one has to be very careful. Some airdrops are setup to hack into the wallets of unsuspecting users thereby stealing their private key. You should ensure that the airdrop is authentic before participating in it. You can also store your crypto in cold storage to prevent them from being stolen.

Article Produced By

Rebecca Asseh

I am a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this wonderful technology in the simplest language possible.

https://cryptotvplus.com/all-you-need-to-know-about-airdrops/