Author: Frederik Nielsen (Page 28)

EIPlatform Review

E-sports is a huge global phenomenon, and it is growing faster than any other sport. For that reason, many global brands are keeping an eye on the market for e-sports, as the huge audience is a potential customer base for them. However, up until now, the major brands have run largely ineffective marketing campaigns, which has proven to be an expensive endeavor. The main reason for this is that the brands tend only to engage with the major tournaments and the top team. Meanwhile, the smaller local streamers do not get this attention despite being a perfectly adequate customer base. Another problem facing the brands is that the agencies they use as intermediaries between themselves and the audience do not always know what the audience truly wants. The fact that the marketing agencies eat up a lot of the marketing budget makes this even more unreasonable. This is where EIPlatform enters the picture.

What is EIPlatform?

The platform proposed in this ICO is an effective method with which brands can connect with audiences without having to go through other intermediaries. The team behind EIPlatform will be using artificial intelligence to conduct a data analysis on all the participants in the e-sports space. This will show which Twitch streamers fans enjoy watching the most. These streamers can then be contacted by brands and sponsored so that their fans can be targeted by the marketing. The native currency of the EIPlatform is the EMI token, which brands can use to gain access to the identified top streamers. Naturally, the platform will be using blockchain technology, which means that all data will be securely handled and safely stored on the decentralized blockchain. EIPlatform will be a great way for brands to gain audience insight, as it will also allow them to incentivize viewers to watch their sponsored streamers, as well as reward the viewers for offering their insight and feedback.

How does it work?

The platform itself will deal with both brands, promoters, streamers and viewers. A brand can endorse a streamer by allocating a number of EMI tokens to the streamer. When a brand has endorsed a streamer on the platform, viewers will then earn these EMI tokens for watching that particular stream. This method of direct advertising completely circumvents the marketing agencies, and thus the brands avoid paying their fees. The money saved on marketing agencies can then be allocated to the marketing budget. From the point of view of the e-sports fans themselves, this is a great incentive to watch a particular streamer as they get monetary rewards for doing so. Brands will also be able to directly get in touch with the potential customer base, which will provide them with further insights. The team behind EIPlatform is also planning on allowing betting companies to participate on the platform in the future. In short, EIPlatform will be a very valuable resource for companies looking to gain data insight and stretch their marketing budget further than they are currently doing.

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There is an influx of ICOs with startups raising millions of dollars to start or expand their operations. However, funds theft is a common problem affecting many of the startups in the cryptocurrency and blockchain startups. The latest victim is Taylor where the attacker stole all of the money raised in their ICO.

Taylor is a startup company using a blockchain in an effort to link cryptocurrency exchanges with mobile technology, and issued an ICO to fund their design and launch of a dedicated trading app. Dubbed Taylor Smart, the app is an easy to use cryptocurrency trading assistant.
In a blog post, the Taylor team said that the attacker drained all their balance, 2,578.98 ETH, as well as the TAY tokens allocated to the team and the bounty program, bringing the amount of funds stolen to approximately $1.5 million. The only funds left untouched were those locked by a smart contract allocated to the founders and advisers. According to ongoing investigations, the attack seems to be perpetrated by the same attacker who robbed off CypheriumChain.

Failed Security Measures

The Taylor team maintains that they had security measures in place to avoid such an attack, which eventually failed, and they confessed to have been negligent in attending to various security details. After seeing an attempt on IDEX, the Taylor team opted to delist from the platform. While they may never recover the stolen funds, they believe that there is still a future for the Taylor app and are calling on their community to help them overcome the setback and grow bigger and better.
The Taylor team sent an open letter to their supporters, where they revealed that they only have $25,000 left, and they are currently rethinking their future. In a statement give to ZDNET, Taylor’s CEO and co-founder, Fabio Seixas, said that they are thinking about rebranding and issuing an emergency token sale to raise more funds for their operations. Seixas also notes that they are working with various angel investors to inject cash into the project, but it would take months before a deal goes through.
Taylor’s goal with the two funding options is to raise enough to have a sizeable team to work for 12 months as well as paying for pertinent infrastructure and operational costs. The timeline according to Seixas is enough to launch the app, gain its first users, get traction, and start generating revenue.

Growing Skepticism

When a cryptocurrency and blockchain related startups or ICOs claims that they have become cyberattack victims, there is skepticism surrounding it. Most of them disappear with the investor funds while conducting exit scam. Taylor was on the verge of releasing their app in a matter of weeks when the attack happened and they are calling on investors to participate in their emergency token sale.
They have not revealed further information, only that the attack was a highly coordinated and advanced attack. However, before you invest into any token sale, you had better do your due diligence to ensure the security protocols are sound.

Technology is at the center of the modern world, and people are living longer thanks to technology, and do things that were impossible a decade ago. Despite the advanced technology, of which we will see more to come in the future, it does come with a price. One of the greatest technological advancements known to man has to be the invention of electricity, and it powers over 95% of appliances in homes and offices across the world. Few people are willing to give up the luxury provided by electricity, but most of the electricity consumed in the world comes from non-renewable sources such as fossil fuels and water.
As more people connect to the grid, the environmental degradation increases, and the future looks bleak. In this light, the big question has to be what we ought to do if the current and energy demand of the future is not environmentally sustainable. Thanks to blockchain technology, businesses such as GEAR are seeking to promote a sustainable energy cycle leading to a greener world.

Cleaning Up the Cryptocurrency Mining Space

The rising interest in digital assets that is gradually shifting focus from the old-fashioned currencies is driven by blockchain technology. Mining cryptocurrencies requires a significant amount of energy only, which traditionally generated electricity, can provide. With the springing up of mining farms, there is need for them to consider shifting to a closed loop green energy and a renewable network that invest in green energy farms that generate clean energy. The goal is to have a situation where blockchain technology is allowed to scale up with reduced and eventual cease of affecting the environment.
Fact is we need more energy to fuel our lives, with most of it going to power technology. However, the world can continue on the advancing technology but without the detrimental effects, it already has on the environment, especially the water and air. The responsibility of cleaning up the cryptocurrency mining space lies with the creators of blockchain and cryptocurrency project creators.

GEAR’s Mission

Production of green energy is of most concern to GEAR, a green startup company. The founders have dedicated the company to growing the production of green energy for the overall environmental well-being. According to Vik Pathak, GEAR’s vice president, their theme is ‘From Resources to Regenerative’ and what this means is that they are taking on a dirty industry notorious for extracting things from the earth and innovate it into something that gives back to the earth.
When speaking to Forbes, Pathak, added that mining GEAR’s cryptocurrency would be curved back into the creation of green energy assets, including biomass, wind, solar, and tidal. It is calling on all other cryptocurrencies to go green and invest part of their profits into the research and development of renewable energy and green initiatives. According to Larry King, one of the members of GEAR’s advisory board notes that the GEAR token will nurture and incubate the cryptocurrency sector by pushing for the shift of focus from fossil fuels to the use of green energy and renewables.
Cryptocurrencies and blockchain are the current movers and shakers of the industrial revolution and its best survival tactic has to be in ensuring that they play their role in environmental conservation. With the initiative started by GEAR, we can only hope that more cryptocurrencies will step up to disrupt the way people consume energy and pave the way for greener and renewable energy.

EQUI Capital Review

Venture capital fundraising has traditionally been the domain of a small select group of influential firms and individuals. This could very easily be about to change with the introduction of cryptocurrency, however. EQUI Capital is essentially trying to tokenize the traditional venture capital model by creating a platform where investors can fund projects with cryptocurrency. What makes this ICO stand out is the high profile team behind it, which has resulted in a lot of coverage by traditional media like newspapers and TV. Given that the ICO is spearheaded by two of the most influential businesspeople in the UK, who bring over three decades worth of experience with them, it is definitely one to put on the watch list.

What is EQUI Capital?

The concept behind EQUI Capital is quite simple. The team aims to create a platform where regular investors like you and I can utilize a cryptocurrency token to invest in innovative technology startup companies. Rather than doing fundraising rounds like they have done traditionally, the developers will receive investment funds in the form of the platform’s native EQUI token. As the startup progresses and begins to make a profit, this will be shared with the investors in the form of Ethereum’s Ether tokens.

How EQUI Capital it work?

For those of us who spend a long time reading various ICO white papers, the one produced by EQUI Capital is refreshingly professional. It does help, of course, that the concept is very simple to grasp. The EQUI Capital platform will be tethered to the Ethereum blockchain using a suite called Dapps. Dapps will be used to manage the smart contracts used as agreements between the investors and the startup firms. The platform’s users will be divided into three categories. The first one is traders, who are owners of EQUI tokens and hope to trade them on the exchange for other cryptocurrencies as the EQUI Capital platform becomes more successful. Similar to traders will be the holders, who hold the EQUI tokens on the platform itself. As opposed to traders, they will be rewarded by keeping their tokens on the platform as liquid assets. The last category is the investors. As opposed to traders and holders, investors use their EQUI tokens to fund the startups on the platform. Needless to say, investors will be the group of users benefitting most from the tokens, as the platform itself will reward them for keeping their tokens on the platform, and they will also be rewarded when the startups they fund become profitable.

Who is behind EQUI Capital?

One of the big draws when it comes to the EQUI Capital project is the people behind it. Although quite a few ICOs are created by individuals with extensive experience in the cryptography and software development space, EQUI Capital has the added benefit of celebrities. The founders themselves are high profilers, Doug Barrowman and Baroness Michelle Mone. For UK readers, these people need little introduction. Barrowman is a Scottish billionaire who has been in the capital venture space for over 30 years. Mone is a television personality and successful businesswoman. On their team, we find three groups of people. The project group consists of developers, marketers and project managers. The second group is a board of investment directors who come from the legal and finance sectors. The third group is an advisory board made up of blockchain and cryptocurrency experts, as well as a wide range of entrepreneurs.

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Swiss Alps Mining ICO Review

Anyone in the cryptocurrency community is probably familiar with how mining for coins and tokens work. You invest in an expensive mining rig and prepare yourself for the largest energy bill you have ever seen. Depending on which cryptocurrency you are mining for, you might make some profit. Meanwhile, actual mining for raw materials is also an expensive endeavor that consumes a lot of power. Both kinds of mining can potentially be very harmful to the environment. Swiss Alps Mining is an ICO by the company Swiss Alps Energy AG (SAE), and it proposed a solution to the problems with both real mining and cryptocurrency mining. The team has made a plan that includes putting unused buildings in the Swiss Alps to good use, and base their mining operations there. The aim is to reduce energy usage by half, and in this way, help maintain the environment.

What is Swiss Alps Mining?

Swiss Alps Energy AG is the company behind this ICO, and they are the first company to use mining stones that are supported by renewable energy, as well as the waste heat from the mining equipment. This will cut electricity costs down to half of that other mining companies use. One of the aims of the company is to make mining more profitable, save energy, protect the environment, and help maintain the cultural heritage of Switzerland. The funds collected from this ICO will be spent on developing the mining facilities.

How does it work?

Swiss Alps Energy AG is all about cutting costs, and so the distribution-based ledger energy supplier and an operator  utilizing a string of unused buildings in the Swiss Alps. This is a win-win situation for the company and the government. The company gets a base of operations where they can work uninterrupted, and in return, they help maintain the buildings.

Who is behind it?

The team behind the company and the ICO come from a diverse range of backgrounds. Some are experts on blockchain technology, others are cryptocurrency miners and yet others are hyper ledger specialists. Blockchain expertise is not enough for this kind of project, however, so the Swiss Alps Energy AG team also includes civil and infrastructure engineers, as well as energy experts.

How did the project come about?

One of the rationales behind this ICO is the extremely high energy costs associated with cryptocurrency mining. Depending on where you are in the world, the costs of mining for coins and tokens can be so high that it is not financially feasible. At the same time, the massive energy consumption is not doing any favors for the environment, given that fossil fuels are still being used to power most of our electricity. With many unused buildings standing, well, unused, the team decided to develop a project that could utilize environmentally friendly mining processes and base their operations in the unused buildings.

What about the tokens?

The native currency for this ICO will be the SAM tokens, which will be using the Ethereum blockchain and its smart contract technology. This means that the SAM tokens will be exchangeable for other cryptocurrencies, as well as fiat money.

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For anyone following the news cycle surrounding cryptocurrencies and blockchain technology, it is clear that the market is volatile and many are apprehensive about investing in ICOs and cryptocurrencies. However, Bitcoin is among one of the many coins that have bounced back in value, and there are many people who think that it will rise even more. Let us have a look at some of the reasons why you should invest in cryptocurrencies.

There are more regulations

This might seem counterintuitive, especially given that many cryptocurrencies lost a lot of value after the introduction of government regulations. However, what the regulations have done is to weed out many of the bad apples in the world of ICOs and cryptocurrencies. It is now safer than ever to invest in cryptocurrencies, and it will only become safer in the future.

Blockchain is not going anywhere

Whilst many cryptocurrencies come and go, and some ICOs success while others fail, the underlying technology is here to stay. Blockchain is being researched by all the big internet companies, such as Google, Facebook, Microsoft, IBM, and many others. In addition, many of the successful ICOs started by independent development firms will also contribute greatly to technological advancement, which makes them a good bet for investors.

It is really easy to invest

Many are still puzzled about how cryptocurrency and blockchain works. And no wonder, it has mainly been the domain of tech-savvy Millennials. Now, however, the movement has gained so much steam that new innovations have made it easier to understand and invest in cryptocurrencies than it has ever been. Sites like Coinbase is simplifying the process of viewing, selecting, and investing in cryptocurrencies from around the world.

It’s time for a change

One of the key rationales behind the introduction of cryptocurrencies were that it was time for a reform of the financial system. Fiat money has, in the opinion of many experts, played their role and run their course. It is time for a more modern approach to finance, and cryptocurrency could very well be the future of the global economy.

Big things ahead

One only needs to shoot a glance at the numerous ICOs and their many interesting projects, to know that the best is yet to come. Cryptocurrencies will be utilized in everything including fundraising, charitable donations, real estate, foreign exchange, item evaluations, sports betting, and even adult content. Whatever your interests are, chances are that cryptocurrencies will be part of them in the near future.

Be part of the future

As mentioned, blockchain technology is being researched by numerous companies big and small, and there is a lot of promising innovations on the horizon. By investing in cryptocurrency now, you have the opportunity to be one of the early movers in the blockchain space, and will be able to harvest the fruits of your investments further down the line.

What do you think about investing in cryptocurrencies? Have you invested yourself, or are you thinking about investing? Share your experiences with us in the comments section below!

As cryptocurrencies become more and more accepted as a method of payment, the value of the items being sold also increases. There are already a few ICOs being developed with the real estate market in mind, but stories of people selling their actual home for cryptocurrency are rare. Needless to say, this is most likely down to the fact that the market for cryptocurrencies is extremely volatile.

This could have disastrous implications if you are trying to sell a house worth all your savings and your pension. Some cryptocurrencies, like Bitcoin, are more legitimate than others, and are less likely to lose all their value in a short period of time. Although, as the crash of December 2017 showed us, not even the original cryptocurrency is immune to dramatic downturns. If you are thinking of selling you house for cryptocurrencies, here are a few thing you need to consider before doing it,

Assess the risks involved

As mentioned, there is the volatility of the market to consider. If you are going to sell your house for a cryptocurrency coin or token, you should consult a real estate lawyer who understands the world of cryptocurrencies. More importantly, as the seller of the house you should do your own rigorous research into the token which you are considering accepting as payment for your house.

You should understand the progress the token has made in terms of its value, and how stable it is. You should look into who the people in the team behind the token are, and if you trust their track record. Finally, it would always be a wise move to convert some of the cryptocurrency tokens you accept into fiat money just in case the value drops somewhere down the line.

Get a solid contract in place

When it comes to drafting up the contract for the sale of your house, it is crucial that you enlist a real estate attorney to help you out. Again, they should be knowledgable when it comes to the cryptocurrency world, and be very meticulous in their research as well. When it comes to determining the closing date for the contract, it will also be a good idea to account of the fluctuating value of the cryptocurrency the transaction is made with. Leaving a few weeks on either side of the closing date to assess the fluctuations will avoid you experiencing a sudden crash in value the moment the transaction is finalised.

Research the legal matters

Since cryptocurrencies is still a relatively new concept to most people, it is not all countries that have incorporated them into law. This means that even if you are happy with accepting cryptocurrencies as a method of payment, and using smart contracts in place of a traditional agreement, you need to check with the law first. Depending on where you are, you might have to have a traditional agreement with the value represented in fiat money drawn up. This ensures that if there is any lega trouble down the line, you have all your bases covered.

Your attorney might not accept cryptocurrencies

It can be tempting to just buy and sell everything in cryptocurrencies, but bear in mind that not everyone might share your enthusiasm. Legal firms will most likely want their salaries paid out in fiat money, so it is a good idea to check with them when making your plans. If you do manage to find a legal firm that accepts cryptocurrency then all the better. But always select your attorney based on their merit and skill, and not on whether they accept cryptocurrency tokens.

Bitcoin was launched way back in 2009 after the financial crisis. Although this means that cryptocurrencies have been in existence for almost a decade, it is still taking many in business a while to catch on. Shrewd businesspeople will have made a note of the fact that Bitcoin itself rose from $1000 per coin to $10,000 in just over a year. That alone should be reason enough to pay attention to the phenomenon that is cryptocurrencies. But if you have been keeping up with the news, then you will also be aware that the market for cryptocurrencies is extremely volatile. That is perhaps the number one reason why many seasoned investors have been apprehensive when it comes to pitching money into a blockchain project. If you are still unsure about the potential, as well as the risks, involved with cryptocurrencies, here are a few things you should be aware of.

No more intermediaries

One of the main rationales behind Bitcoin and other cryptocurrencies was the eliminate the middleman. That means that most cryptocurrency transactions are not only anonymous but comes with little to no transaction fee attached. Cryptocurrencies have no nationality, so they are not influenced by the same rules and regulations as regular currencies. Another key feature is that all transactions are recorded on the online ledger, which provides users with full transparency.

The price is going up

Despite the volatility of the market in general, cryptocurrencies like Bitcoin are gaining a certain level of legitimacy. This means that people trust it more, and therefore the value of it will continue to go up. the fact that countries like Japan are recognizing cryptocurrencies as a legitimate method of payment also adds to the credibility. More and more tech development companies have now dropped the old pitch of company shares in favor of ICOs – initial coin offerings. This allows potential investors to receive cryptocurrency tokens in return for their investment. Like shares, these tokens usually rise in value as the company progresses.

The risk is still a thing

Despite cryptocurrencies becoming more legitimate and more widely accepted, there is still a certain level of risk involved with investing. One needs only look to the recent crash in December 2017, after Bitcoin hit its all-time high. When you invest in cryptocurrencies, things can quickly change. Governments around the world have now begun to regulate various ICOs, which can both benefit and hurt the various cryptocurrencies. Either the regulations weed out the bad apples, or they stifle the entire industry. As for the ICOs themselves, not all projects are created equal. Many investors end up losing their money because the teams behind the ICOs fail to reach their goals.

Be careful with payments

More and more businesses and charities are now accepting cryptocurrencies as a method of payment. But despite this, it is important to remember that the value of these payments can fluctuate drastically. It would be a shame as a business to accept a cryptocurrency payment, just to discover that the tokens are worthless a week later.

Ingot Coin Review

Since the financial crash of 2008, and the subsequent introduction of cryptocurrency in the form of Bitcoin, numerous developers have worked furiously at putting together innovative projects that could revolutionize the financial industry. Whilst many ICOs were off to a rocky start, if they did not fail entirely, some have managed to come up with realistic proposals for what the future of the economy could look like. One of these is the Ingot Coin ICO, which offers “the first fully integrated Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and ICO Accelerator”. Rather than concentrating on one specific innovation, the team behind Ingot Coin offers a range of products and services that together form a complete decentralized financial ecosystem supported by blockchain technology.

What is Ingot Coin?

The Ingot ecosystem is comprised of eight different components. The IC Digital Bank facilitates all transactions, payments, and settlement within the Ingot ecosystem. The IC Brokerage provides a portal full of opportunities for investors who are actively looking for more trading options. The IC Exchange will provide all users with the possibility of trading in cryptocurrencies as well as fiat money. The IC Wallet is the digital wallet used for storing a user’s fiat money and cryptocurrencies, including the native IC Token. The IC ICO Accelerator is a program designed to campaign for genuine ICO projects, allowing developers to raise funds in an unprecedented way. The IC Crypto Certifier is an educational program designed to teach users about various cryptocurrency ventures in order for them to develop their knowledge. The IC Community will be the gathering place for all users, developers, investors, and enthusiasts, where they can connect and share information about their projects. Finally, the IC Liquidity Pool will serve as an insurance that provides liquidity for fiat money and cryptocurrencies alike, including the IC token.

How does it work?

By utilizing blockchain technology, the team behind Ingot are creating a decentralized and secure system that is a much-needed innovation given the current state of the financial market. The IC Bank will enable transparency by recording transactions on decentralized ledgers. This decentralization is facilitated by the ecosystem’s peer-to-peer (P2P) model. Perhaps most interesting of all, the IC Bank also eliminates the need for transaction fees, even for small transactions. Finally, the IC Wallet provides the users with the peace of mind that their assets are safely stored in an encrypted digital wallet.

What about the tokens?

The IC Tokens will be the native currency used on the Ingot Coin platform and will be available for sale during the ICO. The pre-ICO sale will run from May 1st to June 30th and offers investors a 35% bonus. This means that you can purchase IC Tokens for US dollars at a rate of 1:1 during this period. The actual ICO will run from July 1st until August 11th. Part of the total token supply will be reserved for purposes other than the token sale, such as reserves, development, and marketing.

Check the details on the right-hand side to learn more about Ingot Coin.

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Viva Network Review

Anyone who has ever had a meeting with their bank about a mortgage loan will know that the process is not only long and arduous but also does not always have a very high rate of success depending one’s location and financial situation. In the bigger cities especially, it has become almost an impossibility for younger generations to get on the housing ladder, despite earning an above national income. Viva is an ICO that will attempt to challenge the status quo and revolutionize the mortgage financing systems of the world.

What is Viva?

Viva is a blockchain-based platform that will connect borrower and lender directly, thus eliminating the need for any intermediaries. Rather than going through the long process described above, users interested in lending money for their mortgage can essentially crowdfund their loans via the platform. One of the key advantages of the Viva platform is that this takes the power away from the established financial institutions so that interest rates are governed by the free market and not a few select institutions. By recording all transactions on the blockchain, all parties can rest assured that everything is kept in a secure, decentralized ecosystem.

How does it work?

As with many other ICO projects using the Ethereum platform, the Viva network will be founded on the use of smart contracts. These contracts will serve as the formal agreement between lender and borrower, and ensure that funds only are released if certain conditions are met. This provides a much simpler and more transparent way of doing business. By using smart contracts on an international platform, not only will everyone involved save valuable time and money by circumventing the current bureaucratic systems, they will also have access to a much wider pool of investors and lenders.

What about the tokens?

The native currency of the Viva platform will be the VIVA tokens, which are based o the ERC20 tokens. As such, the Viva network supports Ether tokens as a method of payments. This means that users will use their Ether tokens to purchase VIVA tokens, which can then be used to make deals between borrowers and lenders. Users will naturally have to have access to an e-wallet in order to purchase VIVA tokens, as this is where they are stored.

How are tokens distributed?

The token sale started on April 1st and will last until May 31st, with a total token supply of 4 billion. 50,000 VIVA tokens can be purchased for 1 Ether. The team behind Viva is planning to distribute 75% of the tokens to the public during the initial sale of the ICO. The remainder of the tokens will be distributed to the team members of the ICO, the revenue funds department, the marketing department, as well as to the advisors to the Company.

All in all, this seems like a great initiative that has the potential to simplify the process of borrowing money for your mortgage. Not only will this make the process faster and cheaper, but it will also make it safer for both lenders and borrowers

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