initial coin offering

Cryptocurrency and ICO market

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Cryptocurrency could best be explained as a parallel to the game of PUBG as both of them has epitomized controversy and sparked debates around their acceptability as a format. As PUBG comes with a string of statutory warning on its possible predicament on different psychological aspects which could plague the mind of an adolescent child, the same appears to be true for Cryptocurrency as well. The only significant difference is the warning that circles around cryptocurrency, which seems more potent as it comes from eminent economist and reputed financial audit and research firms across the globe. But the popularity of both goes unabated with more and more users pouring in.

Cryptocurrency has now become a global phenomenon with Google having a contingent of more than a thousand dedicated pages designed to cater to the curiosity of the common man about it. The institution of cryptocurrency still stands inundated in the thick layers of myth around it. Consequently, it looks so opaque that most of the people who are contemplating on it, find themselves in a state of utter dichotomy and cannot really conclude whether it appears good, bad or ugly.

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What is a cryptocurrency?

Cryptocurrency refers to the digital currency encrypted with cryptographic protocols that help users do the transaction at their convenience without any possibility of being tracked at any point along its digital route. In a bid to redefine ease of making payments online, cryptocurrency has made digital transactions simpler for both the private sector and the common public. The most important attribute of cryptocurrency is that it cannot be brought into the ambit of regulatory control of any central agency or financial body which works under the guideline of any nation or united unions. Being very liberal in spirit and democratic in concept, it has now got immune to traditional controls and interventions made by several legal and financial bodies. That is where we need to draw the line of caution followed by taking a stance, which is balanced and reflective on the possible prejudice that it can invite to mankind. There is a score of incidents reported by security agencies and financial watchdogs where cryptocurrency has been misused to make illegitimate monetary transfers to radical groups and extremist outfits all across the globe. The use of cryptocurrency has garnered traction among the drug peddlers, unscrupulous people involved in human trafficking and arms dealers who remain invisible in the real world and usher in a pseudonymous transaction that cannot ever be tracked and breached into.

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The future of Fintech?

If we can put aside the mist of the apprehension of misuse, nobody can turn a blind eye to the enormous possibility it could unfold in shaping the future of Fintech more in terms of how it can drive the world economy towards inclusive prosperity and well being for all. Anyone can log into https://CryptoLab.one to keep themselves well abreast of latest updates and developments along with interactive charts and graphs showing markets trends in the world of cryptocurrency

There is a variety of cryptocurrencies available in the niche economy ecosystem that it carved out for itself over time. The most important breed of cryptocurrency is Bitcoin, which is believed to have served a digital gold standard in the whole cryptocurrency industry. Only within a span of seven years, the valuation of Bitcoin has reached 650 dollars from zero, and its transaction frequency has brewed up to 0.2 million units per day which truly shows the immense possibilities that the destiny has in store for it. Apart from Bitcoin, there are so many other currencies as well which are also gaining prominence. Ethereum, Ripple, Litecoin are some of those species which are also gaining popularity over time.

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What is ICO?

In the context of the resurgence of new currencies, the circle of discussion cannot complete without the mention of ICO which stands for Initial Coin Offering. What IPO means for a mainstream investment world, ICO holds the same relevance in the realms of cryptocurrency. ICO serves the purpose of the fund-raiser. When an entity looks forward to creating a coin, app or service, it does it with the launch of ICO. ICO has come into the limelight and occupied news headlines as more and more investors are joining in with an expectation to make quick money. Some very successful ICOs over the period has given the investors reasons to bank upon it, but there is an opposite side of the coin as well which is not very glittery and flamboyant. There are instances where all the investment has gone down into the drain. Being an unregulated proposition, it always runs the risk of being exploited.

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Therefore, we all need to draw a forbidden line of caution around it which will put a restraint on how we use the technology and what for. If we let the conscience take over and decide the course of our action, cryptocurrency will eventually unleash its true potential where everyone across the tiers and pedals of the society will be empowered to wake up to a dawn of new financial resurrection.

Should you invest in ICO

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An Initial Coin Offering or ICO is a new way of funding that uses cryptocurrencies. This cryptocurrency is sold in a form of tokens in exchange for other cryptocurrencies such as Bitcoin or Ethereum. Basically, ICO is a modern way to raise capital for all sorts of projects. In this text, we are going to break down ICO step by step for you, and also talk about the benefits of investing in ICO.

How does ICO exactly work? ICO is, in a way, an equivalent to IPO (Initial Public Offering) i.e. companies sell stocks on the market to raise funds. ICO is the same thing only in the virtual world, but the difference is that the ICO uses cryptocurrencies.

First of all, a company or a developer comes up with the idea for a new blockchain related project and presents it to the community. If that project gets support from the community, the developer draws up so-called white paper. A white paper is a document of about 2500 words which provides all information about the project. In a way it is a marketing tool because its main goal is to attract investors, but the document is formally written and it states all the features of the project, future plans, information about the developers and also how much money is needed to launch the certain project and also how long the ICO campaign is going to last.

Img source: cryptocoinspy.com

Secondly, the developer creates their own tokens which they are going to exchange for Bitcoin or ETH. Creating a new token is easy and the company has to establish the price of each token, which is usually low at the beginning, as well as the limit to the number of tokens i.e. the amount of money the developer wants to collect.

The last thing the developer has to do is to promote its ICO on one of many platforms such as Waves or Token Market. If the ICO campaign is unsuccessful i.e. if the developer doesn’t collect the required amount of money, the tokens are returned to the investors. On the other hand, if the required amount of money is collected during a specific timeframe, the campaign is declared successful and the money is used for the development of a certain project.

If you are considering investing in ICO, check out this ICO list to find the best projects. Here are some benefits of investing in the ICO.

Clearly, the main benefit of investing money is ICO is the profit. When you invest in ICO, in reality, you are investing in the early stages of a certain project. For starters, you should invest the amount of money you can afford to lose. There is no guarantee that the ICO will be successful, so you shouldn’t invest a large amount of money. Once you invest money in a certain token, you can be sure that its value will increase once it hits the cryptocurrency market.

Img source: cryptocoinspy.com

Secondly, the company in which ICO you’re investing will grant you certain discounts when it comes to their project or services. This is the main strategy of every company to attract new customers or in this case, investors who will provide them with the necessary funds to launch their project. In addition, by purchasing a certain token, you’re investing your money in the future. How? Well, you will buy a token for a low price, and the value of that token will increase in the future thus you’ll be able to sell it for a much larger amount of money.

We have presented with some basic feature and benefits of ICO. If you opt for this type of investment, make sure to investigate the ICO you want to invest in since this a fairly new way of rising funds and it is not yet regulated by law.

Initial Coin Offering – What You Need To Know

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Cryptocurrency is one of the investing areas in the current World. Bitcoin and Ethereum are examples of cryptocurrency. One may wish to invest in an Initial Coin Offering (ICO) where he/she can buy some cryptocurrency. This business is very profitable though very risky for people who don’t know how to deal with the market since they can land into scammers and finally end up losing their capital. An ICO has emerged recently as a concept of crowdfunding projects in the industries that deal with Blockchain and Cryptocurrency. ICO is sometimes referred to as “Crowdsale” when a company chooses to release its own cryptocurrency with a main purpose of funding. The company sells a certain amount of crypto-tokens to its intended audience in exchange for Bitcoin, but still, the exchange can be done for fiat money. Through this, the company is able to get capital that it can use in funding its projects while the audiences get their crypto-tokens in return which they have complete ownership.

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Mastercoin was the first project to ever launch an ICO. In 2013, it was able to secure $5 million worth of Bitcoins after selling their tokens. Other companies later followed this trend that would help them fund their business. In 2014, Ethereum which is a was able to raise over $18 million using ICO, and also Waves in 2016 still was able to raise $16 million from the ICO, and this helped them run their companies.

Launching an ICO is very easy, and everyone can do it at their own will as long as there is a tech set up. This has led to a lot of scamming since there is no regulation that can stop someone from thinking that the idea is great. Developing software in the current world is very easy, and everyone can develop one and launch an ICO. After launching the ICO he/she can table the idea and if one is not careful money can be absconded from you. When getting into a new ICO one need to do thorough research so as to avoid been scammed.

Img source: international-adviser.com

Bitcoin evolution works best for people who wish to invest in Bitcoin. People who invest in Bitcoin usually forecast and predict the future market, and through this, they are able to make a good sum amount of money for themselves. Bitcoin evolution is an innovative Bitcoin trading application which has the ability to utilize the application for mining cryptocurrency.

For one to be able to carry out Bitcoin evolution, there is a specific feature one need to observe in the Bitcoin evolution software. Those key features are;

  • An award-winning software
  • Flawless functionality
  • An excellent technology

An award-winning software is that software that is well updated performs efficiently and it is less complicated. People should find software that makes their work easy and can operate in it without any problem. If the software has won an award, this makes it find to use in trading of Bitcoins.

Img source: mxicoders.com

Bitcoin Evolution software needs to be flawless in its performance. This feature helps the user in avoiding loss of some of his/her currencies. The application has the ability to work on an average of 99.4% precision.

Excellent technology has been used in developing this software. Its speed is ranked to be faster than any other application by at least 0.01 seconds. This might appear to be small, but in the trading industry, it means a lot.