Blockchain Media Group: Unbiased and Educational Media
The BMG aims to bring you unbiased 24/7 media coverage of the Blockchain sector.
June 1, 2019 - August 1, 2019 ICO
ArbiSmart: Arbitrage done the smart way
Smart Arbitrage Systems is taking arbitrage technology to the next level
Bitbond: A Superior Investment
The Bitbond Token (BB1) is Germany's first security token and makes business lending globally accessible.
March 1, 2019 - July 8, 2019 STO
PointPay: All-in-one Solution for Cryptocurrency Ecosystem
A new direction in the crypto market: manage, save and grow your capital with PointPay
May 22, 2019 - Jan 20, 2020 ICO
BlockSafe Technologies: Securing the Blockchain Ecosystem
Securing the Blockchain Ecosystem: Wallets, Exchanges and Private Blockchains
March 1, 2019 - June 22, 2019 (STO)
ISKRA: You Give a Hope
An innovative method for supporting children around the world
Glyff: Privacy For Smart Contracts and Beyond
Decentralized internet platform delivering private asset transfers and programmable privacy for smart contracts.
March 20, 2019 - June 20, 2019
Goldenugget: Gold Auction Platform of The Future
Goldenugget is the combination of decentralized blockchain technology and GOLD!
May 1, 2019 (IEO)
Migranet: Migration Simplified
Migranet presents a one-stop solution to migrants.
March 1, 2019 - August 1, 2019
xCrypt: Blockchain Revolution EcoSystem
xCrypt is the first innovative crypto ecosystem with its heart in ist exchange: hybrid
ICOs are basically blockchain crowdsales, the cryptocurrency version of crowdfunding. The ICOs have been truly revolutionary and have managed to accomplish many amazing tasks:
They have provided the simplest path by which DAPP developers can get the required funding for their project.
Anyone can become invested in a project they are interested in by purchasing the tokens of that particular DAPP and become a part of the project themselves.
It was in July 2014 when ICOs well and truly came into the public’s attention. That was when the ICO Ethereum raised $18.4 million and ushered in a new age of ICOs.
Since 2013 ICOs are often used to fund the development of new cryptocurrencies. The pre-created token can be easily sold and traded on all cryptocurrency exchanges if there is demand for them.
With the success of Ethereum, ICOs have become the de-facto method of funding the development of a crypto project by releasing a token which is somehow integrated into the project.
To participate in an ICO you need cryptocurrencies, usually Ether or Bitcoin. You cannot participate in an ICO with fiat currency. If you don’t own cryptocurrencies, you will first need to buy some. The best way to buy large amounts of Bitcoin is through online exchanges and send your transfer money from your bank account to your newly created account with a crypto currency exchange. Please note that the registration process might need some days due to strikt KYC and AML regulation.
Once you registered on an exchange and the money from your bank account has arrived in your cryptocurrency exchange account, you now have to exchange your EUR, USD, etc for the cryptocurrency you want to buy.
Most token sales today happen on the Ethereum network. Therefore you will need an Ethereum wallet to participate in the token sale. Not every wallet is suitable for ICOs. The most user-friendly and widely accepted Ethereum wallets are MetaMask and MyEhterWallet.
Before you proceed make sure to read the general terms of the ICO and the token purchase agreement. Most start-ups provide step-by-step guides for the token sale participation including screenshots for each step. Make sure you read these. You should also join the social media channels including slack and follow the news around the ICO. Sometimes token sales experience technical problems and staying up to date during the token sale is crucial.
When the token sale starts, you will have to send ETH to the address specified by the team. You will need to set a proper gas limit which is controlled by the MetaMask interface. After you send the transaction there are a couple of scenarios:
Note! In some cases, hackers have manipulated ICO websites, by exchanging the real ETH adress with their own ETH adress.
After you receive your tokens in your MetaMask – or MyEtherWallet, or Parity – address make sure to transfer these to more secure wallet.
Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
The best protection against this fraudulent tactic is to thoroughly research the individual team members of a project before you invest. It's a bad sign, for example, if you're unable to find any information about a particular developer or founder on LinkedIn or other social media outlets. Even if profiles do exist, check to see if their activity seems to match up with the number of followers and likes they accrue. Individuals who rarely engage with their followers and yet have thousands of fans may not be real.
A cryptocurrency or ICO whitepaper is the foundational document for that project. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan.
The first step toward analyzing a whitepaper is to read it very thoroughly. Check to see if the whitepaper has complementary resources as well, including financial models, legal concerns, SWOT analysis, and a roadmap for implementation.
Any ICO will depend upon a token or currency system in order to facilitate the crowdfunding process. Legitimate companies and endeavors make the system itself and the progress of the token sale easy for potential investors to view. Look for the token sale figures as the ICO is ongoing. Better yet, watch the token sale over time to see how it is progressing. If a company makes it difficult for anyone to chart the progress of its ICO, this is a major red flag.
While it may seem obvious, ICOs and cryptocurrencies with the greatest chances for success are those that have the fundamental structure to outlast their competitors. Many launches, even highly-publicized ones, have sputtered after initial interest faded. Your best chance of a successful investment relies on a company having an achievable, feasible set of aims. The company should have a compelling concept for the time being, but it also must be able to carry that concept over into execution over the short and long terms alike.
Even the most successful ICOs and cryptocurrencies are slammed for being fueled by speculative investing. The idea of getting rich quick on an investment in a hot new project is tempting enough to draw seasoned investors and beginners into risky areas. Keep an eye toward caution as you look for new investment opportunities in the ICO and cryptocurrency spaces. Be aware that projects sounding too good to be true likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment, and always ask questions that you can't already find the answers to. The cryptocurrency and ICO spaces offer tremendous opportunity for investors who have done their homework and are able to make sound investment decisions. They also feature pitfalls which can lead to large amounts of money being lost due to scams, frauds or even legitimate businesses which are simply poorly designed and unlikely to succeed.