How To Increase Your Success With ICOs

  • With basically everyone threatened by cyber attacks, password breaches, identity theft and IoT security risks, the Authoreon solutions are of great importance to those, who want to protect themselves, their families and businesses against enormous security risks and, in the end, massive financial losses.
  • Authoreon aims to reduce those numbers dramatically by introducing its unique and proprietary Synapse and Access Lock layers on top of the Ethereum blockchain which enables its customers to secure their privacy, identity and ownership against any cyber crimes.
  • Now you’ll want to give a taste test to their business model and the way they’ll be using their tokens and if there is any validity in what they’re doing.
  • Fourth, you’ll want to consider whether the value of the token at the time of ICO is worth it.
  • But they’ve just duct-taped the concept of a token onto the side of their business model and it doesn’t make much sense.

I’m not sure if you saw the news recently, but ICOs or Initial Coin Offerings have surpassed VC funding for the past two months. Which is kind of …

@Authoreonio: Wow, @Authoreon getting mentioned on @HuffPost
#crypto #ico #tokensale #eth #HuffPost…

I’m not sure if you saw the news recently, but ICOs or Initial Coin Offerings have surpassed VC funding for the past two months. Which is kind of crazy when you think about it since almost no one knows what an ICO is, let alone how to take advantage of this.

And the ICO market is RIFE with these schemes. For instance, you have a lot of groups out there that put up a website and then fabricate an executive team, whitepaper, and business plan. Then they list their ICO and rake in hundreds of thousands of dollars or even millions in cryptocurrency in a very short amount of time, then disappear into the ether. And there’s little to no recourse for the investors.

Many of the new companies that are holding ICOs are not currencies and are instead technology companies that will be built on the blockchain. So, they can’t be judged solely on their monetary value, but rather they need to be evaluated based on their business model and potential solution.

This is the second Cryptocurrency for this group. Their first one was Minereum, the first self-mining smart contract. Artemine is continuing the evolution of smart contract mining technology and will be launched as an ICO on September 14. It also brings a major technical break through by introducing Public Mining, which allows anyone to mine coins manually without mining equipment.

They’ve noticed that social interactions and social media affect purchases and trade in a massive way. But for the most part, social users are never remunerated for their actions. Yes, “social influencers” get paid to promote products, but what about the average user who promotes and shares a product because they love it. Now, they can be rewarded through the Soma platform.

Currently the world’s experiences are decided by a small number of large companies, namely Facebook, Google, and Amazon, leaving most users with little power. Wolk’s decentralized data exchange allows power to be shifted to smaller companies. For instance, 25 years ago, companies had the ability to spin up a server and start their own internet business. By utilizing the blockchain, Wolk intends to give that ability back to small companies by allowing them to store and access their data on a decentralized exchange.

With basically everyone threatened by cyber attacks, password breaches, identity theft and IoT security risks, the Authoreon solutions are of great importance to those, who want to protect themselves, their families and businesses against enormous security risks and, in the end, massive financial losses. The 2017 Identity Fraud Study, released by Javelin Strategy & Research, found that in the past six years identity thieves have stolen over $107 billion. Authoreon aims to reduce those numbers dramatically by introducing its unique and proprietary Synapse and Access Lock layers on top of the Ethereum blockchain which enables its customers to secure their privacy, identity and ownership against any cyber crimes. They’re looking to become the security layer to the blockchain.

Presearch is building an open, transparent search engine that pays searchers, developers and promoters for their usage and contribution to the platform in Presearch Tokens – a new cryptocurrency. In a world where one company controls more than 77% of all searches, a new decentralized search engine that is open, transparent and community-driven is a breath of fresh air for anyone who doesn’t trust big business.

Presearch envisions a platform and framework that enables an array of experts to plug their algorithms, interfaces and curated content into the engine in return for a share of traffic and revenue. Users will be able to decide which results are best for them, and will encourage active personalization. For example, if a user wants to support local businesses, they’ll be able to change their settings to favor smaller local businesses over big box stores.

Now you’ll want to give a taste test to their business model and the way they’ll be using their tokens and if there is any validity in what they’re doing. This step is a little more subjective than the first step because you have to use your gut instincts and deduce whether you think they have a chance of succeeding.

For instance, if someone is launching an ICO for a fleet of ice cream trucks that will use the blockchain to discover where the highest concentration of ice cream lovers reside, then they’ll sell that ice cream for their tokens. And their tokens will derive their value based on how many people want to use them to purchase ice cream. If this were the model I’d just studied, I’d take a hard pass. But hey, that’s just me.

Third, you’ll want to see if they’re just a copycat of another company that’s already doing this and doing it better. Again, this is going to require you to put on your detective hat and look for similar companies and then check them against the group you’re considering. Often times you’ll find companies that have similar business plans of other blockchain companies. And that in and of itself isn’t a bad thing. But make sure the technology is sound and that they actually have a chance of improving upon the idea.

And that last question is a critical question to ask. You might find a great company with an amazing idea and an amazing technology. But they’ve just duct-taped the concept of a token onto the side of their business model and it doesn’t make much sense. In these situations, the tokens are going to have an uphill battle to gaining value and are less likely to provide a return.

How To Increase Your Success With ICOs