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Nearly one in 12 UK adults – equating to 2.65 million people – has invested in cryptocurrency in the last two years, according to new research from crypto social investing platform ICONOMI. Yorkshire and Humberside are the leading regions in the UK for ...

One in 12 adults have invested in cryptocurrency in last two years

Nearly one in 12 UK adults – equating to 2.65 million people – has invested in cryptocurrency in the last two years, according to new research from crypto social investing platform ICONOMI.

ICONOMI

iconomi

The Iconomi team has been working diligently to bring the to the world. The new era of development often comes with new hurdles, especially if the concept is an original… from which all others will be derived. first digital asset management platform “Move fast and break things. Unless you are breaking stuff, you are not moving fast enough,” Facebook founder, Mark Zuckerburg. Iconomi has been cautious in their release, slowly and steadily rolling out the Open Fund Management Platform ( ) beta, but moving rapidly to develop and improve their already revolutionary concept. Taking the first steps to set best practices, and potential standardization in the space, Iconomi announced today their new strategy for returning value to (Iconomi platform ownership tokens) holders — . OFMP ICN the buyback As defined by Investopedia - What is a ‘Buyback?’ A buyback, also known as a repurchase, is the purchase by a company of its that reduces the number of its shares on the open market. Companies buy back shares for a number of reasons, such as to increase the value of shares still available by reducing the supply of them or eliminate any threats by who may be looking for a controlling stake. outstanding shares shareholders — Iconomi has decided to opt for a more efficient (and likely a more regulatorily favorable) value disbursement method. will be purchasing ICN tokens for the from the open market. The ICN tokens that are bought by Iconomi will be (meaning: destroyed by a smart contract) thus decreasing the total supply of tokens in existence. This will be a one time burn/buyback, it will be continuous. ICN will not be paying out dividends Iconomi buyback burned ICN not The continuous purchasing of tokens (buyback) will be done with: ICN management fee annually of the fund. 3% ICNX of the funds realized gains. 20% ICNP A of management & re-balancing fees of all user created on the percentage DAAs OFMP. Any fees generated by the to the Iconomi platform (fees from people buying Eth from the Iconomi team) fiat on ramp Dividends vs. Buyback Dividends create a variety of problems in the asset space, one of the primary concerns is paying dividends to tokens held on an exchange. Dividends would be sent to the exchange’s custodial address, not the individuals who should own them, as they are the custodian(holders) of assets on their exchanges. In order to allow for a dividend disbursement to an exchange holding address, all of the exchanges would have to agree on how to handle the dividends, and the exchange could potentially just keep all distributed dividends. Most people in the cryptospace are aware that holding assets on an exchange has high risk (see: ) and the dividend payout would only compound that risk. digital Mt.Gox There is also the transaction cost of sending dividends to ICN holding addresses, as there are currently thousands, and it is likely there will be MANY more in the future. There is a small fee (ether’s transaction cost - gas) for every transaction that occurs on the network, this cost will reduce the value that could have been gained by ICN holders, but there is a way to reduce this cost dramatically: through buybacks. Having a dividend pay out pretty much guarantees that an asset will be considered a security according to regulators - which means heavier regulation concerns and government interference. Switching to a buyback value distribution method puts ICN in a more favorable position and may potentially enable it to be used in many more jurisdictions around the world, resulting in further use and thus a greater value potential. The case of lost ICN holding address keys/passwords is also important. The infant cryptospace is filled with the unfortunate mishandling of important data. It seems that almost daily there are new stories of people who lost their passwords, accidentally deleted important files, or their computer broke and they didn’t have a backup of their wallets. Certainly many of you have heard about . It would be a very unfortunate situation to be penalized by others mistakes/errors — and that is exactly what would happen to ICN holders if those mistakes occurred with the dividend structure. The dividend payout in eth would be sent to those “dead” addresses creating a loss for “responsible” token holders — the eth that could have benefited ICN holders would be lost providing no gain to those who it should have benefited. The buyback solves this problem too. Instead of dead addresses receiving eth, all “responsible” ICN token holders will benefit double, as the dead addresses essentially burned the ICN tokens in them, and the buyback funds that would have been sent under the dividend model will now be used to further increase scarcity. the guy who accidentally threw out millions of dollars worth of Bitcoin (THEY WILL AND HAVE ALREADY) Dividends are seen as a definite return in a specific time period and would likely be taxed as such in that time period. For the case of buybacks, gains are uncertain, and unrealized until they are sold. This creates a situation of a sort of compounded interest with differed taxation. If you don’t sell, your value may grow untaxed, until gains are realized. The percentage of ownership of ICN you hold will grow as long as there is some amount of buyback power in Iconomi (mentioned above: continuous purchasing). Buyback Improvements Summary Solved (gas) to send dividends to 1000’s of accounts Solved/Improved Improved contribute to further increase of responsible token holders value (perfected) compounding interest with differed taxes until you sell, potentially improved Improved liquidity, price support — if platform indexes do well, guaranteed liquidity. Holding on an Exchange — Transaction costs — Regulatory classification — Dead addresses — Tax Situation — Liquidity — A Creative Solution The buyback-burn method seems to solve many potential problems that dividends would have brought up, while still providing an equivalent ( ) value distribution solution to ICN holders. Currently there exists 100 million ICN tokens, 87 million being openly traded and owned by the public, with 13 million held by the Iconomi team for future funding needs. This means that in less than a week, the number of tokens in existence will begin to decline or deflate. The lower the price is when the buyback is occurring, the more tokens that will be burned, further increasing the scarcity of the tokens. probably greater Beginning April 1st ICN tokens will start getting burned. The percentage of ownership that you hold will increase as the burning of tokens continues. So, if you wanted to have regular, realized gains from ICN tokens, you can simply sell some to keep your ownership percentage constant. YOU WILL NOT NEED TO DIMINISH YOUR PERCENTAGE OWNERSHIP TO REALIZE GAINS — a common misconception. This is a visionaries token — for the long-term. The longer you can hold, the greater potential value distribution you will get. The majority of ICN tokens haven’t even left the yet, and have never even touched an exchange - this could be because most people got ICN with the intention of holding for the long haul. Now, instead of those tokens sitting dormant and taking in value via dividends, they are creating an incentive for weak hands to sell. Their dormancy will ramp up the price, as there will be a continuous buyer — Iconomi, but relatively few sellers. After a few major burns, its possible that long-term holders will be the only ones left, creating a major run-up in the price. wallet ICO The fundamentals remain basically the same, the changes added improved efficiency and security, maybe even some additional regulatory favor. If the Open Fund Management Platform ( ) and the two flagship funds ( & ) do well, then the holders benefit. Only now, there is a test of holding will power. If they perform exceptionally, then there will be buybacks in the future, burning amounts of ICN tokens. The strong-hands, the true believers of the platform, will be continuously increasing their ownership share and their access to value distributions, while weak hands simply take small short-term gains. OFMP ICNP ICNX ICN big major One last thing… If you liked this article, please click the Heart button below and share with anyone interested in the cryptocurrency/digital asset space. Follow for more informational articles. Crypto tips and donations for the writer - : 15DwdqGPKiG4spkdfU8YGWMbGEH1zDxmip Bitcoin Address (all Eth based tokens accepted): 0x2C4D78F9d65bD52C9B54b96a637B60f25161F041 Ethereum Address Also check out the Future Asset Management & pages Facebook Youtube

The Iconomi Burn — Crypto Buybacks

The music streaming giant Spotify recently made headlines when it decided to go public through its shares on the New York Stock Exchange. Direct listing means that Spotify won’t participate in the traditional initial public offering process, thereby dramatically reducing the role that investment banks like Goldman Sachs have in its listing. directly listing Crowdcreate is a top ranked ICO marketing agency specializing in bounty programs for cryptocurrency projects. Contact us via our website to learn more. We help ICO’s build communities on Telegram, get top ranked PR media publication coverage and also access the largest crypto influencer network on YouTube. www.crowdcreate.us One of the benefits of listing shares directly is that Spotify will save in fees typically paid out to investment banks. Additionally, it allows retail investors to participate in the initial stages of Spotify’s listing without institutional investors getting the first cut of the pie. In many ways, Spotify’s direct listing is similar to what blockchain startups are doing through initial coin offerings (ICOs). Through ICOs, blockchain companies bypass third-party underwriters and allow all investors to buy coins from the get-go. tens of millions of dollars ICO bounty programs allow companies to leverage their platform tokens to maximize their marketing efforts. However, the ICO landscape is extremely competitive. It is not uncommon for to be happening at the same time. One way that startups can get a leg up on their competitors is through running a successful ICO bounty program. dozens of ICOs What is an ICO Bounty Program? The concept of a bounty program comes from the online gaming world, where a bounty is a reward paid out to an individual or group for accomplishing certain objectives. In the ICO sphere, bounty programs are used by blockchain startups to accomplish a wide range of tasks at the cost of the project’s token. Rather than spend precious–and often times scarce–capital on expensive press releases, banner ad campaigns, and Google Adwords, ICO teams can incentivize the completion of marketing tasks through bounty programs. Thus, rather than hire out a marketing firm, projects can set aside a tiny portion of their tokens as rewards for their bounty program. Then, through the use of smart contracts, they can list the specific tasks that need to be completed. Bounties are essentially tokens of appreciation for helping the blockchain project progress. Bounties cut down on costs for startups while simultaneously incorporating members of the blockchain community. Startups end up paying less for bounty-incentivized tasks like bug fixes, social media posts, and marketing materials while individual users–called bounty hunters–get the satisfaction of helping a blockchain startup and receive equity in return. Bounty programs are essential tools in establishing a loyal support base and reaching the maximum number of potential investors. Crowdcreate excels in the creation and campaign management for cryptocurrency and ICO bounty programs. We can help build your communities and spread your brand. Give us a call . here The Different Types of Bounty Programs There are two main types of ICO bounty programs: 1) Pre-ICO bounties These bounties are marketing focused. The goal is to generate social media and internet support for the ICO before it begins. They are meant to spread awareness of the coin and the platform. Examples of bounties include: YouTube video creation and editing Content creation, including blog post, website article, and newsletter generation White paper translation Infographic creation Bitcointalk signatures Social media awareness, including Facebook, Twitter, and Instagram posts 2) Post-ICO bounties These bounties are focused on improving the blockchain’s project or service. They allow the development team to improve the platform by receiving direct feedback from investors and outside developers. Examples include: Platform bug fixes Product improvements and suggestions Web translation Community management Aspiring blockchain startups should utilize at least one of the bounty programs described above. Of particular importance is the pre-ICO bounty program, especially for a lower profile, cash-stretched projects. Pre-ICO programs are a great way to spread platform awareness while saving money, allowing the team to devote precious capital to software development and implementation. Below is a list of some popular bounties arranged from largest to smallest average payout: Bug fixes YouTube video creation bounties Marketing material creation: articles, promotional pieces, content creation, etc. Airdrops Social media bounties: Facebook posts, likes, shares; Twitter posts, re-tweets, likes; Instagram posts, etc. Costs Associated with Bounty Programs Blockchain startups can hire bounty campaign managers to oversee the program from start to finish. Prices vary, but it typically costs between $3,000-$6,000 USD. They can also utilize to streamline the bounty management process. bounty campaign networks It is recommended that companies set aside between 0.5–1.0% of their tokens for bounties, though it varies based upon the project’s specific needs. Examples of Successful ICOs Who Used Bounty Programs — This rewards users for submitting potential solutions to bugs in the software. Status announced in November 2017 that would go to bug bounties. Status bounty program $1 million of their $100 million token sale — Bancor has had several bounty campaigns, including ones for and . The ICO , which at the time was a record. The token sale only lasted for three hours. Bancor content creation bug fixes raised $153 million — The Slovenian based company raised , which was a sizeable amount back in late 2016. The team devoted 2% of the token supply to across . A majority of the bounties were marketing focused. ICONOMI over $10.5 million several bounty campaigns — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — Crowdcreate is a community engagement and idea platform driven by influencers, investors, and enthusiasts. Our expertise in growing communities and social validation will boost your crowdfunding success. We have worked with some of the largest crowdfunding ICOs and startups including BitClave, ANKER, and Tencent. For any further information or concern you can always be in touch of us by using, this link here.

How to Run a Successful ICO Bounty Program

Designed for Millennials, Gen X, and forward-thinking business owners, ICONOMI makes long-term crypto investments accessible, manageable, and aligned with the strategies that have driven traditional investment success for decades. Why Millennials and Gen X Should Consider Crypto for Long-Term Investing Traditional investing principles like diversification have long been proven to deliver steady growth and minimize losses over time. But why stop at stocks, bonds, and real estate? Cryptocurrencies are increasingly recognized as an essential component of a modern, diversified portfolio, especially for Millennials and Gen X investors who are looking to future-proof their wealth. ICONOMI bridges this gap by introducing traditional investors to digital assets through intuitive crypto portfolios. By offering a variety of managed strategies, such as the Blockchain Index (BLX) and BEX, ICONOMI provides an intuitive and less intimidating entry into crypto investing. ICONOMI's Crypto Strategies: BLX and BEX ICONOMI offers a suite of over 200 crypto strategies tailored for different risk tolerances and investment objectives. Among these, the Blockchain Index (BLX) and BEX strategies stand out as powerful options for those looking to gain exposure to the crypto market with minimal hassle. The Blockchain Index (BLX) is a passively managed strategy that invests in established blockchain projects with active beta components. It is market-cap weighted with fixed allocations to Bitcoin (BTC) and Ethereum (ETH), and focuses on nascent projects with potential strategic importance for the future distributed economy. This strategy is ideal for investors seeking a diversified, long-term investment approach that taps into the growth of blockchain technology. The BEX strategy prioritizes BTC and ETH, dynamically adjusting its holdings based on market cap and risk. It employs an automated approach, rebalancing weekly to maintain a balanced, risk-aware portfolio that adapts to the ever-evolving crypto narrative. The BEX strategy is suited for investors who want to benefit from the leading cryptocurrencies while maintaining flexibility in a volatile market. ICONOMI: Simplifying Crypto Investments for All ICONOMI’s platform is designed to be both powerful and user-friendly, making it easy for anyone—from beginners to experienced traders—to participate in the crypto market: Expert Management: Each strategy on ICONOMI is curated by seasoned experts with a vested interest in achieving the best returns for investors. This means that investment decisions are grounded in thorough market analysis, solid understanding of tokenomics, and best practices in crypto investing.
Diversification: Managed portfolios on ICONOMI typically include a variety of cryptocurrencies, from major players like Bitcoin and Ethereum to emerging DeFi assets. This diversification spreads risk and increases the likelihood of stable returns.
Accessibility: With an incredibly user-friendly interface, ICONOMI makes it simple to invest in crypto strategies. Investors can browse and choose strategies that match their goals, all within a few clicks.
Transparency: ICONOMI offers real-time data on portfolio performance and asset distribution, allowing investors to make informed decisions based on historical performance and current market conditions.
Time Efficiency: Managed crypto portfolios save investors time by outsourcing the daily management of assets to experienced strategists. This allows investors to remain involved while avoiding the complexities of direct trading. Catering to Long-Term Investors ICONOMI’s platform is particularly well-suited for long-term investors. The strategies offered are designed to capitalize on both immediate market movements and longer-term trends. Investors can easily transition between different strategies to adapt to market changes, all while maintaining a long-term investment stance. ICONOMI's Vision: Building Trust Through Transparency As digital currencies become integral to personal and business finance, ICONOMI aims to be the premier platform for digital asset management. By offering a transparent and secure environment, ICONOMI builds trust with its users, helping them navigate the complexities of the crypto market with confidence. Join the ICONOMI Revolution With over 100,000 users worldwide, ICONOMI is revolutionizing how people invest in crypto. Whether you are a beginner, an experienced trader, or a business owner, ICONOMI provides the tools, strategies, and support needed to thrive in the digital economy. For more information, visit ICONOMI's website and explore our digital asset management platform. Follow ICONOMI on Social Media: Facebook
LinkedIn
YouTube Press Contact:ICONOMI Communications Teamcontact@iconomi.com This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. Designed for Millennials, Gen X, and forward-thinking business owners, ICONOMI makes long-term crypto investments accessible, manageable, and aligned with the strategies that have driven traditional investment success for decades. Why Millennials and Gen X Should Consider Crypto for Long-Term Investing Traditional investing principles like diversification have long been proven to deliver steady growth and minimize losses over time. But why stop at stocks, bonds, and real estate? Cryptocurrencies are increasingly recognized as an essential component of a modern, diversified portfolio, especially for Millennials and Gen X investors who are looking to future-proof their wealth. ICONOMI bridges this gap by introducing traditional investors to digital assets through intuitive crypto portfolios. By offering a variety of managed strategies, such as the Blockchain Index (BLX) and BEX, ICONOMI provides an intuitive and less intimidating entry into crypto investing. ICONOMI's Crypto Strategies: BLX and BEX ICONOMI offers a suite of over 200 crypto strategies tailored for different risk tolerances and investment objectives. Among these, the Blockchain Index (BLX) and BEX strategies stand out as powerful options for those looking to gain exposure to the crypto market with minimal hassle. The Blockchain Index (BLX) is a passively managed strategy that invests in established blockchain projects with active beta components. It is market-cap weighted with fixed allocations to Bitcoin (BTC) and Ethereum (ETH), and focuses on nascent projects with potential strategic importance for the future distributed economy. This strategy is ideal for investors seeking a diversified, long-term investment approach that taps into the growth of blockchain technology. The BEX strategy prioritizes BTC and ETH, dynamically adjusting its holdings based on market cap and risk. It employs an automated approach, rebalancing weekly to maintain a balanced, risk-aware portfolio that adapts to the ever-evolving crypto narrative. The BEX strategy is suited for investors who want to benefit from the leading cryptocurrencies while maintaining flexibility in a volatile market. ICONOMI: Simplifying Crypto Investments for All ICONOMI’s platform is designed to be both powerful and user-friendly, making it easy for anyone—from beginners to experienced traders—to participate in the crypto market: Expert Management: Each strategy on ICONOMI is curated by seasoned experts with a vested interest in achieving the best returns for investors. This means that investment decisions are grounded in thorough market analysis, solid understanding of tokenomics, and best practices in crypto investing. Diversification: Managed portfolios on ICONOMI typically include a variety of cryptocurrencies, from major players like Bitcoin and Ethereum to emerging DeFi assets. This diversification spreads risk and increases the likelihood of stable returns. Accessibility: With an incredibly user-friendly interface, ICONOMI makes it simple to invest in crypto strategies. Investors can browse and choose strategies that match their goals, all within a few clicks. Transparency: ICONOMI offers real-time data on portfolio performance and asset distribution, allowing investors to make informed decisions based on historical performance and current market conditions. Time Efficiency: Managed crypto portfolios save investors time by outsourcing the daily management of assets to experienced strategists. This allows investors to remain involved while avoiding the complexities of direct trading. Expert Management: Each strategy on ICONOMI is curated by seasoned experts with a vested interest in achieving the best returns for investors. This means that investment decisions are grounded in thorough market analysis, solid understanding of tokenomics, and best practices in crypto investing. Diversification: Managed portfolios on ICONOMI typically include a variety of cryptocurrencies, from major players like Bitcoin and Ethereum to emerging DeFi assets. This diversification spreads risk and increases the likelihood of stable returns. Accessibility: With an incredibly user-friendly interface, ICONOMI makes it simple to invest in crypto strategies. Investors can browse and choose strategies that match their goals, all within a few clicks. Transparency: ICONOMI offers real-time data on portfolio performance and asset distribution, allowing investors to make informed decisions based on historical performance and current market conditions. Time Efficiency: Managed crypto portfolios save investors time by outsourcing the daily management of assets to experienced strategists. This allows investors to remain involved while avoiding the complexities of direct trading. Catering to Long-Term Investors ICONOMI’s platform is particularly well-suited for long-term investors. The strategies offered are designed to capitalize on both immediate market movements and longer-term trends. Investors can easily transition between different strategies to adapt to market changes, all while maintaining a long-term investment stance. ICONOMI's Vision: Building Trust Through Transparency As digital currencies become integral to personal and business finance, ICONOMI aims to be the premier platform for digital asset management. By offering a transparent and secure environment, ICONOMI builds trust with its users, helping them navigate the complexities of the crypto market with confidence. Join the ICONOMI Revolution With over 100,000 users worldwide, ICONOMI is revolutionizing how people invest in crypto. Whether you are a beginner, an experienced trader, or a business owner, ICONOMI provides the tools, strategies, and support needed to thrive in the digital economy. For more information, visit ICONOMI's website and explore our digital asset management platform . ICONOMI's website ICONOMI's website digital asset management platform digital asset management platform Follow ICONOMI on Social Media: Facebook LinkedIn YouTube Facebook Facebook Facebook LinkedIn LinkedIn LinkedIn YouTube YouTube YouTube Press Contact: ICONOMI Communications Team contact@iconomi.com This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Meet ICONOMI

Запознайте се с ICONOMI

Conoce ICONOMI

Coñece ICONOMI

Ismerje meg az ICONOMI-t

Հանդիպեք ICONOMI-ին

ICONOMIの紹介

ICONOMI менен таанышыңыз

Bokutana na ICONOMI

Запознајте го ICONOMI

ICONOMI سے ملیں۔

认识 ICONOMI

Hlanganani ne-ICONOMI

What’s the catch? As I write this there is a live opportunity that is available for savvy traders to buy the ICONOMI (ICN) token on exchanges for slightly less than 0.0017 Ether. Next month ICONOMI will buy back their own token for 0.0019 as part of a restructure. That represents a profit of about 11–12% in a couple weeks. So what’s the catch? Why is this arbitrage opportunity still around? Well to answer that we need to break things down and look at things in parts. Even though Iconomi has been around for awhile it is not widely talked about nor does it have a huge online following. Not many are tracking the progress of ICN since it has fallen out of the top 100 coins on coinmarketcap. I believe that due to the current fear and uncertainty in the market people are also taking a much more cautious and sceptical approach on announcements that are made. When there are many well known Crypto advocates and VC’s saying Bitcoin will hit 10x, $200k, $20k or that Crypto markets will go to trillions in market caps. Who and what do you believe? Each area will be analysed and in the end it will be up to each of us to decide if this is a good opportunity or scam. Iconomi Background Platform Development and Progress Assets Under Management The Buy Back Offer 1. Iconomi Background ICN was one of the earlier ICO’s on Ethereum that ran for 5 weeks, from August 25th 2016 to September 26th 2016. They raised just over $10 Million USD. The team is made up of real people: Tim M. Zagar — Co-founder & CEO Jani Valjavec — Co-founder Matej Tomazin- COO Miha Vidmar — CTO I know because I met some of them at one of their roadshows and had a chat about their plans and asked them a few questions. The team members previously ran a Bitcoin exchange company called Cashilla, a fully licensed euro and bitcoin payments processor. With operations since 2014 it does show the team has knowledge and backgrounds in crypto. 2. Platform Development and Progress This is an area that Iconomi is not getting enough credit for in the crypto community. Unlike alot of the top 100 crypto’s Iconomi actually released their platform quite early back in October 2017. It took them about a year of development to get their crypto fund management platform out. Since then they have steadily grown their ecosystem by signing up over 30 fund managers. ICN token price however has not performed well and is currently down 90% compared to ETH from the ICO. You would have done much better just holding Ether. Taken from icostats.com Another positive for Iconomi is that the platform has demonstrated revenue generation. In their last financial report Q2 2018 the revenues totalled about $400k. ICN Financial Report Q2 2018 This is good for holders but has made things messy for US citizens. ICN is in a grey area of crypto where it is unclear whether it is trading as a Security or not. ICN is not supposed to be offered to US citizen’s as a result. Another reason why western media may not be covering Iconomi. In Q2 another huge milestone was reached when they implemented to the platform. There are lots of hurdles to overcome for crypto exchanges to have this functionality to satisfy strict bank AML/KYC policies. That Iconomi has managed this should signal that a strong and robust compliance procedure is in place. EUR Fiat Gateway The team is also quite active in communicating with the community. Regularly putting out reports on their development progress. Many other projects go MIA for a long time and when you do hear from them it’s usually some short tweet about a partnership, not much real substance. 3. Assets Under Management Iconomi releases quarterly financial reports highlighting all AUM. In their last report Q2 we can see that they have a significant amount Ether holdings at 114,939. Ether holdings and Book value of ICN If that wasn’t enough they still have more under the CCP fund. That is a total of 114,939 + 54,212 = 169,151 Ether. Fun Fact: The Total Market Cap of ICN is $35 Million USD (18/10/2018) whereas the Book Value at the end of Q2 2018 was $148 Million. ICN Market Cap from coinmarketcap.com The market for crypto has since crashed but the book value is still worth a huge sum more than the current market cap even if you make up a theoretical 80% crash scenario. Oh yeah and no need to take their word for things. Their books are audited by Big 4 Accounting firm Deloitte ! 4. The Buy Back Offer Iconomi recently announced a change in the structure of the ICN token. From their : medium post ICN token holders will be able to exchange their ICN tokens for tokenized shares in a joint-stock company presented as eICN tokens. This new structure brings legal clarity for all stakeholders. As part of this initiative for holders that do not wish to participate and convert to eICN, they have also announced they will buy back your ICN at a set rate of 0.0019 Ether. From their post: eICN FAQ Will you buy ICN at .0019 even if exchanges don’t delist ICN? Which exchanges would have to delist ICN for you to buy at that floor? Yes, the option to sell your ICN to ICONOMI at the rate of .0019 will be available even if exchanges don’t delist ICN. This option will not require verification on the ICONOMI platform. reassurance: Twitter Considering that ICN is trading under on most exchanges the offer is quite fair. Those wishing to take up the buy back will not have to sell at current prices and can wait until next month for details on how to sell to Iconomi at . This part is unknown at this stage. Most likely you will need an account on their platform. 0.0017 Ether 0.0019 Ether For opportunist traders you could buy on market ICN at below 0.0019 Ether and then sell these back to Iconomi next month. The profit of doing that would be equal to 11–12% with current ICN selling at 0.0017 Ether. : Please do not take this as financial advice. Do your own research and see if this arbitrage opportunity really exists and make up your own mind. Don’t troll me or curse me if you end up going through with this on your own free will and it doesn’t play out. There is a risk that Iconomi does not set out to do what they have announced. Only you can decide on the trust level you have in the team and if they will follow through. Binance recently delisted ICN but have not stated why. It could be because eICN will become a security and Binance doesn’t want complications. Or it could be something else. WARNING Can Iconomi really buy back ICN at 0.0019? Well if you look at the market value of Iconomi $35 Million, at current prices that totals about 170,000 Ether. From their published financial reports they have shown that they have roughly this same amount of Ether in their war chest. Which means they could buy up almost all of the circulating supple of ICN. Considering that there will be people taking up the offer for eICN there’s plenty of Ether for them to go through with the purchase. Conclusion In the end it comes down to trust. Trust in the Iconomi team that they will do what they publicly announced. If you are weighing up whether to get involved then you have to decide on what the risks are first. What are the chances that I buy ICN now and that Iconomi will buy them back from me at 0.0019? What are the logistics involved in selling back the ICN tokens? Iconomi team has not announced these details yet. This is crypto and things are very risky. Many people have made huge sums of money but even more have lost. Do your own research and good luck. The Author has participated in the ICO for Iconomi. In the time since the ICO I have traded ICN. I sold some for Bitcoin before Bitcoin went to the Moon. I still also hold ICN. I bought more after they announced this offer. If the price of ICN goes up it will benefit me. I am not trying to SHILL Iconomi but it may come across like I am. You decide. Do your own research.

Buy ICONOMI for under 0.0017 ETHER now and SELL for 0.0019 next month

10+ Best Crypto & Bitcoin Exchanges Traders Loves [Apr'21 Upd.]

In today's FinTech landscape, security has become perhaps the most important issue due to the increasing incidents of ransomware and hacking attacks. Cyber security threats and vulnerabilities extend to third parties, employees, government organizations, business units and, especially, to emerging technologies. Philip Stephens, an associate editor of and director of the editorial board, once said: “What’s certain is that the world is changing faster than at any time in human history”. In the 19th century, it took 150 years for Great Britain to double its GDP per capita. In the 20th century, it took the US 50 years. In the 21st century, it will take China or India just 15 years. the Financial Times According to a , carried out by an American strategic management scholar and professor of management at the Columbia Business School Rita Gunther McGrath, it took 30 years for electricity and 25 years for telephones to reach 10% adoption but less than five years for tablet devices to achieve the 10% rate. It took an additional 39 years for telephones to reach 40% penetration and another 15 before they became ubiquitous. Smart phones, on the other hand, accomplished a 40% penetration rate in just 10 years. study Meanwhile, in the modern world, due to increased connectivity, instant communication, and established infrastructure systems, new ideas and products are seemingly gaining popularity like never before, thus enabling new products to get in the hands of consumers with a single click. Blockchain, on the other hand, gained popularity about seven years ago. Several “Sharks” saw the potential in blockchain technology to reshape the global financial system and possibly other industries. In addition, according to Deloitte , many have begun to test and work with blockchain technology, with a view to explore its potential in reducing costs and improving efficiency of transactions. research investment banks Back in 2017 Deloitte the main features of the blockchain technology: enumerated Most importantly, decentralized systems allow users to keep control of all their information and transactions, to protect against untimely manipulation, using a cryptographically secure online ledger. Due to the absence of a central point of control, malicious attacks won’t be easily executed. In addition, it’s playing an important role that these attacks are very costly and time-consuming. Performing a 51% attack on for just one hour would cost over $680,000, and an attack on Ethereum costs $323,000. Bitcoin Reflecting back on the security of cryptocurrency funds, it’s worth remembering that until now there has been a technology gap - with just two types of wallets available to users: the hot wallet and cold storage. The vast majority of crypto holders store their funds in digital wallets through exchanges, which are considered hot wallets as they’re online and connected to the internet. Hot wallets are popular because they are easier to setup, access, and accept more tokens. However, there are a couple of catches: hot wallets are also more vulnerable to hackers, possible regulation, and other technical issues. To solve the security breach of such wallets, cold wallets were created. The main difference is that this kind of wallet is not connected to the internet. In other words, cold wallets act as offline backups in the form of hardware and paper wallets. Thus, funds are secured. However, cold storage options do not provide storage for as many cryptocurrencies as do many of the hot wallets. Cold storage devices also cost at least $75 USD, whereas hot wallets are free. In addition, they are not ideal for quick or regular transactions. For example, The Ledger Nano S, a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments, costs approximately $95. Hardware Wallet Trezor, stores bitcoins, litecoins, passwords, logins, and keys, and costs around $110 to set up. Keep key wallet, that supports Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, and ERC-20 tokens: Aragon, Augur, Basic Attention Token, Civic, District0x, FunFair, Golem, Gnosis, OmiseGo, SALT, Bancor, ICONOMI, Melon, SwarmCity, Wings, iExec, Status, Numeraire, Metal, TenX, Qtum, 0x, FirstBlood, Ripio Credit Network, SingularDTV, DigixDAO, WeTrust, Matchpool, Edgeless and Storj, costs $129. To summarize, hot wallets are like checking accounts whereas cold wallets are like savings accounts. Hot wallets are intended to be used for the everyday spending of cryptocurrencies and typically only hold small amounts. Meanwhile, cold storage is used for long-term secure storage of cryptocurrencies. Furthermore, most crypto exchange platforms will not allow to withdrawal large amounts of bitcoin or any other cryptocurrency from their hot wallet, instead you will be able only to move funds from cold storage to the intended recipient.

Security of a Cold Wallet

Singapore help crypto firms w/ local bank accounts; 74% hashrt controlled by Chinese pools; Japan corp launches stablecoin What Crypto insiders are reading on Asia. Top News in Asia from Monday to Wednesday An interesting whitepaper published by Princeton/Florida researchers points that . 74% of the hashrate on the Bitcoin network is in Chinese-managed mining pools http://bit.ly/2yt8bMx in order to better guide the development of the blockchain industry in China: China’s government-backed organization is working to release three blockchain standards on smart contracts, privacy and deposits, http://bit.ly/2ytrxBk Japan’s GMO Internet Group to launch yen-pegged stablecoin in 2019 to target international remittances: http://bit.ly/2C7msC7 Korea messaging giant Kakao Corp releases blockchain platform testnet ahead of Q1 2019 launch: http://bit.ly/2ywTZ56 and , sending all of them crashing: Binance to delist Bytecoin, CHAT, Iconomi TRIG http://bit.ly/2yvHdDZ but doesn’t plan to loosen its rules to lure more crypto startups to the country: Singapore’s financial regulator is willing to lend a hand to cryptocurrency firms having problems setting up local bank accounts, http://bit.ly/2yt5EC1 India government- “ and crypto-token”. we are evaluating the government-backed cryptocurrency http://bit.ly/2yvKseD Deals and Funds Dragonfly Capital Partners is a new $100 million VC fund looking to help crypto start-up’s bridge China and Silicon Valley: http://bit.ly/2ybPYUy specific amount not disclosed: Binance Labs invests millions in blockchain auditing platform CertiK, http://bit.ly/2yxsDvB to advance developers building privacy-first applications: a16zcrypto, Accel, Binance Labs, Pantera Capital and Polychain Capital join Oasis in launching the Oasis Startup Hub http://bit.ly/2yt8W8k Coin and Token News by forming a partnership with leading e-commerce platforms in Asia to leverage on the platforms’ large and ever-growing transaction volume: Terra aims to push for greater use of stablecoins through e-commerce http://bit.ly/2ypOkOi being adopted as the official currency of the Tokyo 2020 Olympic Games. XRP could be the first in the cryptocurrency history http://bit.ly/2yqZeU0 . How its 22yo CEO runs it: Republic Protocol held a $34m ICO http://bit.ly/2yrYJZZ for private testing: DAG-based distributed ledger Perlin has made its testnet alpha available http://bit.ly/2yt3xOB Pundi X, which develops blockchain-based payment devices, have created the world’s first blockchain-based mobile phone called ‘XPhone’. http://bit.ly/2ywYBbq Exchange News Digibyte founder Jared Tate lashes out at Binance’s listing fees: http://bit.ly/2OUajae wallet: Bitfinex now has the second-richest tether http://bit.ly/2ydPOvQ called EurekaPro is set to launch in Singapore: First fiat-to-cryptocurrency exchange http://bit.ly/2ILhgoI South Korean National Police Agency has produced a report of all hacking incidents in last 3 years; a total of 7 crypto exchanges and 158 wallets hacked: http://bit.ly/2yqKkgD Regulation News to cover cryptocurrencies: Taiwan lawmaker has proposed an amendment to the nation’s Money Laundering Control Act http://bit.ly/2C6nj5W Thailand to study blockchain for applications in intellectual property and trade finance: http://bit.ly/2IOne8j : China man gets 3.5 years in jail for stealing train power to mine Bitcoin http://bit.ly/2ywK53o Business News China’s Hainan Province became the host of the country’s “first” officially licensed “‘blockchain pilot zone”: http://bit.ly/2QFdTSX of compromised routers in India doubled, reaching almost 30,000: Number http://bit.ly/2OfdsCj Korean food giant Nongshim’s subsidiary taps block chain for end-to-end traceability of beef: http://bit.ly/2C9hp4d In case you missed it Our New Podcast with Jason Fang from Sora Ventures is Out! In this new episode, Joyce Yang from Global Coin Research is joined by , Managing Partner at , an Asia-based venture capital firm focused on blockchain and crypto investments. The mission of the fund to invest in entrepreneurs who can make positive changes in our world using blockchain technology. Their investments include Thunder, Urbit, Mithril, Alphaslot and more. Jason Fang Sora Ventures Additionally, the will be taken place in Macau on Nov 13–14th. Listen to Jason in the podcast at 28:41on why the Summit will be taken place in Macau and checkout the great line-up of speakers and attendees. Sora Summit Use Discount Code SORAMEDIA2018 to get 80% off Jason was one of the earliest employees at Fenbushi Capital and started Sora Ventures when Mainland China banned ICOs in 2017. When I initially spoke to Jason, I’ve found him to be very thoughtful and his investing approach to be very unique amongst crypto investors that I’ve met. In our conversation, we talk about how Sora invests in crypto projects, Jason’s outlook for the crypto space, and his perspectives on crypto developments in the East and the West. Time and Topics discussed in Our Interview 1:24- Introduction to Jason, Sora Venture, and his background3:59- how did Sora Ventures get started after China banned ICOs6:09- why Sora doesn’t invest in Chinese projects despite being headquartered in Shanghai, China7:55- how Sora think about investing in the blockchain and crypto space19:46- why do you like the reverse-ICOs model?21:34- metrics to benchmark the success of reverse-ICOs22:54- is the blockchain space between Asia and the West going to merge?28:41- Checkout the upcoming on Nov 13–14th, use to get 80% off to tickets33:06- Current fund environment in Asia and how many funds have stopped investing in crypto34:47- Where do you see the winners coming out of in Crypto?35:20- Practical approaches to thoughtful investing Sora Summit SORAMEDIA2018 You can also read Jason’s thoughts on his medium articles here, in where he lays out Sora’s investment thesis and his outlook on Asia: Sora Ventures’ Philosophy to Blockchain Investments Understanding Chinese Crypto Investors Subscribe

Top Asia Crypto News from Oct 7–10th

An insight into how much money has been raised through ICOs this year despite the bear market Photo by on Hitesh Choudhary Unsplash Ever since the creation of a smart contracts platform and an ERC-20 standard by Ethereum, projects in the crypto ecosystem have been empowered to create their own economies. . The concept of ICOs began to gain momentum from 2016, and 2017 was basically the year of the ICO. Given the progress made in 2017, it is important to consider what 2018 as shown so far. This is because of the bear market. People need to understand what is really happening. Is investment in cryptocurrencies getting thinned out? Is the base getting widened or everyone is running away? The issuance of tokens made it possible for blockchain projects to raise funds without the traditional financial system So far in this year 2018, over $10 billion has been raised from ICOs (for both presale and main sale). This is very important because we are currently towards the end of the month of June. And to keep in perspective, the total amount raised through ICOs in 2017 was over $3 billion. . This explains a lot about the nature of the current bear market in the cryptocurrency world.This shows that the price of bitcoin does not necessarily reflect the faith in blockchain technology and cryptocurrency projects. This means we are just halfway through 2018 and we have more than tripled the 2017 number Thus far in 2018, there has been 469 ICOs with which there was a record of 126 ICOs in May 2018 alone. . The huge figures of this year’s ICO was lead by the Telegram presale and the private presale of Petro (the cryptocurrency proposed by the Venezuelan government). Other popular ICOs so far in 2018 include Bankera, Huobi token, Envion, etc. These begin to give a glimpse of the kinds of ICOs we would see in coming years. The finance and communication industry getting a taste of the new technological wave. Perhaps the success of Telegram with a crypto model will stir others in the communication industry to follow in the same footsteps. Interestingly, the most money was raised in March which is over $3 billion Going through the short history of ICOs, the levels of optimism based on the amount raised are not showing any signs of regression. . The month with the highest funds was November and it was just over $20 million. The month with the highest number of ICOs was December, and it was just 11. The popular projects in 2016 were NEO, Digix DAO, Lisk, Iconomi, Waves, etc. As you would observe, many of the projects were other blockchain platforms. In 2016, the total number of ICOs was 43 and over $95 million was raised that year In 2017, the total number of ICOs recorded was 210. Over $1 billion was raised in December alone. And 45 ICOs took place in December 2017. The popular projects included Bankex, Bancor, Filecoin, EOS (stage 1), Hdac, etc. Considering the surge in the value of cryptocurrencies in 2017, the amount raised by crypto projects is not surprising. . Going forward a number of leaders in the crypto ecosystem champion the cause of securitized tokens. These are tokens to replace the system of shares or stake in a company. This shows that the narrative of ICOs is gradually changing from cryptocurrencies to cryptoassets. This is why 2018 has been a regulatory year for crypto so far. However, the continual growth of the amounts pouring into crypto projects in 2018 shows that the technology is here to stay and the fundamentals is still growing In conclusion, lots of money are still being poured into crypto projects. Also, lots of talents are leaving the traditional finance industry to get into crypto. This is just half of the year 2018 and the funds raised through ICOs already triple that of the whole of 2017. The bear market doesn’t seem to have any effect whatsoever. The speculators are gradually making way for real investors. Let’s hope that this sets a precedence for an healthy uptrend over the next couple of months. P.S. All data expressed in this post were derived from the statistics of coinschedule.com P.S.S. You can follow me on twitter here

Is money still flowing into crypto projects?

Certainly one of the most famous expressions at the moment, initial Coin offering or ICO, is used by reference to the initial public offering or IPO by which companies of a certain size open their capital to the public in order to raise funds. The ICO could well revolutionize the world of finance. Note that it is also very common to use ITO for “Initial Token Offering”, because “coins” and “tokens” are generally different. On the website for instance, these two categories are identifiable by selecting “Coins” or “Tokens” at the top of the list of all tokens. “Coins” correspond to what is also called “Native tokens”, which according to the definition of the website, are “crypto-currencies which can operate independently” since they rely on their own blockchain. Coinmarketcap.com By contrast, “Tokens” (or “non-native tokens”) are “crypto-currencies which are dependent on another crypto-currency as a platform for work”. This is, for example, the case of Dapps which are created on top of the Ethereum protocol (Storje, augur, Iconomi, Golem, Omnisgo…). They actually benefit from the development environment and the blockchain maintained by Ethereum. To simplify, ICO/ITO is a decentralized way to raise capital. It is a decentralized way because it allows entrepreneurs to access investors directly through decentralized platforms (Ethereum, Wave…) without having to go through the traditional Venture Capital path. We are talking about tokens/coins and not “securities” issued by traditional companies, because depending on the projects these tokens/coins may have functions and returns on investments that are very different from traditional financial instruments. : there are two options to issue the tokens through an ICO. The first method is to collect the requested capital and then distribute all the tokens to the participants in proportion to their participation. This method could be compared to the Primary Market issuance we currently know. Method to issue tokens The second method is to release the tokens on an exchange and sell them to the participants. This method could be compared to the Secondary Market. Note that during an ICO/ITO both methods can be used, one after the other, when there is a pre-sale for instance. ICOs are therefore a mix of IPO and crowdfunding but actually goes much further. ICO WHAT ARE THE DIFFERENT STEPS OF AN ICO? In this section, we will approach ICO/ITO from the perspective of an Entrepreneur (1) and from the one of an Investor (2) since both are quite different. I — THE ENTREPRENEUR VIEW I had the chance to assist to a presentation by Hubert de Vauplane and Valentine Baudoin from Kramer Levin, the leading law firm for ICO in Paris, and they explained all the different steps of an ICO. Given the law firm’s experience in IPO, it was extremely interesting to better understand the difference between both processes. One of their first points was that ICO/ITO process was similar to IPO in many instances, starting from the necessity to contract with specialists (advisors, lawyers, lending banks…) in order to complete the project. Hiring such contractors requires entrepreneurs to gather an important amount of funds upfront (around $500,000). That’s why many entrepreneurs decide to finance the ICO through a pre-ICO where they raise funds by distributing tokens to early adopters. The funds raised will then pay for the advisor, lawyers, banks and all costs of the real ICO. So the idea that anybody can organize a serious ICO just by paying contractors with ICO tokens is not conformed to reality. ICO relying on a serious project would normally go through the following steps: ICO workflow We will go into details for each of these points in the third part of this article series, but for the time being, it is interesting to get an idea of the different steps: 1 — First stage: the ICO structuring This part is conducted in parallel to the issuance or the mining of the tokens that will be sold. Signature of a service agreement/mandate agreement with an arranger (also called « Global Advisor »). Signature of an engagement letter with a law firm. 2 — Second stage: Product wrapping During this part, the team focuses on the preparation of the product, by setting up a website and finalizing the Whitepaper. Most importantly they will try to motivate the community if they already have one. If not, they will need to use marketing tools, such as bounty programs and airdrops as well as the traditional method to build a community in a short period of time. It is important to mention that going through an ICO is an excellent way to start developing a community. 3 — Third stage: Pre-sale and sale As we already mentioned, a pre-sale can be organized to raise funds from early adopters in order to pay for the ICO/ITO process. The pre-sale is generally proposed at a discount price in comparison to the ICO/ITO price that will be proposed during the sale. 4 — Fourth stage: Post ICO/ITO and Listing Listing the Coins/Tokens on an exchange is vital to the success of the ICO/ITO. To get a Coin/Token on a will almost certainly ensure a higher price and an exposure to a wild range of investors. well-known exchange However, this is a challenge and most exchanges have released the criteria they evaluate when considering whether to list digital currencies. The framework lists considerations such as whether the digital currency would qualify as a security under Coinbase guidelines, how much liquidity it has, and what exchanges trade the currency already. II — THE INVESTOR VIEW A majority of ICO are created over the Ethereum blockchain. In practice, a smart contract is created and stored on the blockchain to manage all the ICO process: reception of tokens, payment when the funding trigger is reached or refund when the trigger is not reached. Setting-up this kind of smart contract is quite straightforward since the code is available on the . Ethereum website If you want to take part in an ICO and are starting from scratch, you will need to go through the following steps. 1- Buy Ether or Bitcoin on an Exchange: You will not be able to take part in an ICO with fiat currencies, so the first step is to obtain cryptocurrencies. Most of the ICO are conducted with bitcoins and ether (the Ethereum native token). As we described in , there are several ways to obtain cryptocurrencies, but the most common is through an exchange. this article 2- Set-up a local wallet: As we explain in , when your cryptocurrencies are stored on an exchange you do not own your private keys. In other words, you have no control over your coins. this article Portefeuille bitcoin Each ICO utilizes its own set of rules but most of the time you would be required to send the private keys of a given coin (generally BTC or ETH) to the wallet created for the purpose of the ICO. The only way to effectively detain and transfer your private keys would be from your local portfolio. You should never transfer your coins directly to the wallet of the ICO from an exchange because you do not detain the private keys and the ICO tokens you have purchased will not be sent to your attention. Which wallet should you choose? Obviously, a wallet that is compatible with the ICO tokens you are looking for. Today, most ICO tokens are ERC20 compatible (i.e these tokens are compatible with the Ethereum protocol), so you would need a wallet that is able to accept this type of tokens. The most commons ones are MyEtherWallet, Metamask or Parity. It is important to bear in mind that these wallets do not provide the highest level of security and all your tokens should remain in cold storage. 3- Receiving your coins: All ICO has a different process so you have to go on their website and follow their instruction, but most of the times, you will be asked to send Ether to a given address and receive your tokens once the ICO is completed. Note that this is quite common to have to wait one or two days before you receive your coins. In the next article of our series on ICO/ITO we will describe how you can analyze an ICO/ITO in detail. WHERE TO SEARCH FOR ICO: If you want to take part in an ICO, you can visit the following websites which list the coming ICOs : _Metaindex_icobazaar.com ICObazaar - crypto market insight _Last Update: 1/1/2018 Welcome to the CoinDesk ICO Tracker. A comprehensive resource for analysts, journalists…_www.coindesk.com CoinDesk ICO Tracker - CoinDesk _List of Cryptocurrency ICOs (Initial Coin Offering) and Token Sales, Milestones, Roadmaps and Events for Bitcoin…_www.coinschedule.com Coinschedule: ICO List Of The Best Crypto ICOs and Token Sales _ICO Alert maintains the only complete calendar of all active and upcoming Initial Coin Offerings (ICOs), token sales…_www.icoalert.com ICO Alert - The only complete list of ICOs, token sales, and crowdsales. Calendar of active and… _The listing of ongoing and upcoming ICOs by Cointelegraph. The most promising and attractive ICO projects_cointelegraph.com ICO Calendar I hope you enjoyed this article! If so, please do not hesitate to like it and share!!

INITIAL COIN OFFERING: A COMPLETE GUIDE (1/3)

The purpose of this article is to help cryptocurrency investors wade through the mania to create a well rounded portfolio that will stand the test of time. These tips will break down different aspects of the coin and market which should be considered when determining if a certain coin is a promising investment. This list is designed to be a starting block for your crypto race and not an exhaustive guide complete with every possible detail. In the end, it is up to the investor to decide which asset is best for their portfolio. Once you have spent time developing your strategy, you can use Shrimpy to manage all of your assets through a single interface. Sign up . here 1. Circulation Supply, Total Supply, & Market Cap Market Cap One of the first things I examine when evaluating a coin is the market cap. I check to see if the market cap is reasonable for the target market it is aiming to disrupt. I consider how it relates to the coins which have a similar market cap and try to imagine what the market cap could be in a year or two. With this rough estimate, I get a general idea of how the value of the coin will change in the future. Keep in mind how the circulation supply will grow over this period. The reason this is important is because if you expect a 10% growth in the total market cap over the next year for a coin, but the circulation supply is growing faster than 10% per year, then the price of the coin would actually decrease. By looking at this, we generate a reasonable growth expectation for the coin. Circulation Supply There are several key elements to evaluate when looking at the circulation supply. One of the first being how fast the circulation supply is expanding. This means at what rate are new coins being introduced into circulation. The faster new coins are brought into circulation, the more difficult it will be for the coin to climb in price. Next, note what portion of the total supply is occupied by the circulation supply. As the circulation supply reaches the total supply, this means fewer coins will be brought into circulation and could force a price ramp up. On the other hand, if the circulation supply is only a fraction of the total supply, this indicates the price will be influenced by future dilution in the market. Let’s look at a simple example of how an increase in price impacts the market cap based on the circulation supply. Say we have two coins that are both worth $1, but one has a current circulation supply of 1,000 coins and one has a circulation supply of 1,000,000,000. If both of the coins increase in value by $1, that means the market cap of the small circulation supply coin will reach $2,000 and the large circulation supply coin will approach $2,000,000,000. This shows that while a change of $1 in one coin only changed the market cap by $1,000 in the other it increased the market cap by $1,000,000,000. This demonstrates why it’s harder to increase the value of coins that have a high circulation supply. Total Supply The total supply of the coin goes hand in hand with the circulation supply. The total supply states how many coins in total can ever be minted. This value can help you understand the long term potential value of the coin. If the total supply is incredibly large, this could indicate that as the circulation supply expands, the price may remain stable as new coins being introduced into circulation offset a rise in price. Factoring in the total supply can help address if it’s practical for the coin to increase in value over the long term. The higher the total supply, the more impact a small change in value will have on the market cap in the future. This can be observed if we hypothesize a very extreme scenario. Let’s say the current circulation supply of a new coin is 1,000, its total supply is 1,000,000,000, and the current price of that coin is $1,000 for each coin. Although the current market cap is only $1,000,000, in order to maintain that price while the circulation supply increases to the total supply, that coin would need to have a market cap of $1 Trillion when the circulation supply reaches the total supply. This suggests that the price of the coin is likely to decrease as it becomes diluted. 2. Diversify Market Cap Diversifying based on market cap means selecting coins that vary in market cap. A portfolio with a diverse market cap will have several high market cap coins, medium market cap coins, and low market cap coins. For example, it is common to see portfolios with a 50%, 30%, 20% split between high, medium, and low market cap coins respectively. It can allow you to see great short term and long term growth without taking on too much risk. One question I have been asked recently is “what constitutes high, medium, and low market cap?” While this varies depending on who is answering the question and the current state of the market, a simple metric is to consider the top 30 coins as high market cap, the next 150 coins to be medium market, and the remaining coins to be low market cap. At the time of writing, this means that coins above $500M in market cap would be high market cap coins, coins below $500M and above $50M would be medium market cap coins, and coins below $50M would be low market cap coins. As the market grows and changes, the coins which are considered high, medium, and low market cap will also change. Thus, grouping coins after sorting by market cap may be a better approach than simply looking at the strict dollar values. Target Market There are a variety of markets that cryptocurrencies are attempting to address. Anything from publishing ( ) to storage ( ) to lending ( ) is being disrupted by cryptocurrencies. This doesn’t mean that all of these markets will survive. In order to prevent your portfolio from crashing when one of these markets shrinks, it’s ideal to diversify your investments across many different industries. Instead of only investing in one industry, pick a diverse set of industries that are promising. Some of these industries include: decentralized storage, computing, lending, development platforms, micro payments, privacy, distributed exchange, advertising, and social media. Po.et Storj ETHLend Coin Technology Not all coins use the same technology and not all technologies are equal. Coins can be divided into a variety of technology types with different advantages and disadvantages. There are a different mining hash algorithms such as , , and . Then there are different proof systems such as proof of work, proof of stake, and proof of activity. All of these differences in cryptocurrency technologies impact their ability to become adopted. When building a diverse portfolio, it is important to remember that each of these technologies has advantages and disadvantages. When the market shifts, it may begin to favor a specific type of technology, this can drastically impact your investments if it isn’t considered when building your portfolio. For this reason, it’s a good idea to pick a variety of coins that use different technologies. SHA256 Scrypt X11 Learn more about how diversity affects the performance of a portfolio in our technical study: _How much value does diversity add to a portfolio? This is the core question we are looking to address with this…_blog.shrimpy.io Portfolio Diversity: A Technical Analysis 3. Team & Advisors Team Similar to coin diversity, a well rounded team should have strong diversity. The team should consist of a group of respected engineers, designers which have experience in branding/designing for startups, marketers with a demonstrated track record of running successful campaigns, and a leadership team which has managed successful projects in the past. The best teams in the industry will have these qualities and more. Evaluating a team is one of the most difficult aspects of evaluating a coin, especially when there may not be a lot of information about the individuals. Catchy titles and flashy past experience doesn’t always translate well into the startup environment, so accept hype that revolves around a team with caution. When evaluating the members of the team, don’t take anyone’s word for it, dig into the details. They should have LinkedIn profiles listed for each member, Twitter handles for those that tweet, group Facebook pages, blogs, and more. Going through their online profiles can help you get a detailed view of their team and if they are actually committed to the product they claim to be developing. Advisers Advisers shouldn’t be overlooked. Although they likely aren’t involved in the day to day activities of the team, these advisers tell us something very important about the team. They tell us how capable a team is at pitching their idea, convincing high profile people that the endeavor is worth their time, and demonstrates they have a strong sphere of influence. When looking at the advisers consider their relevance to the industry the project is trying to address, look at how influential each adviser is within their respective industries, and determine how much influence they will have that can help them leverage their networks to help the team. 4. Investors & Funding Funding Funding can be an important indicator for the potential of the team. Without sufficient funding, it would be an incredible feat to overcome the odds and succeed. Also, note when the ICO took place and how many team members they are employing. This can determine their burn rate and establish how promising the future looks. Without branching out to other industries, all ICOs have a discrete runway. This means there is a cap on the amount of funds. Once those funds are used up, development stops unless engineers decide to pick up the unfinished code for free, which shouldn’t be expected. Personally, when I see a company that hasn’t raised a lot of funds, has a large team, and the coin they created has a low market cap, this signals to me that they are burning through money quickly and won’t be around very long. Investors Sometimes the person who gave you money is more important than the amount of money received. By examining the investors in the cryptocurrency, you can get an idea of how much trust is being placed into the team. Some venture capital firms have begun investing in ICOs and cryptocurrencies. If you see a big name VC behind a cryptocurrency, that is certainly a good sign. This demonstrates the team is able to network and influence decision makers in the industry to trust their team with significant amounts of money. 5. Product Development & Activity One of my personal favorite parts about evaluating a new cryptocurrency is digging through their public code repositories. I will generally start with a high-level evaluation by looking at things like: how frequently they commit code, how organized is their repository, how many different contributors have pushed commits to the repository, how many and how severe are the reported issues, and how many pull requests have there been. Two of the more important of those being the frequency of commits and the number of contributors. I have come across too many medium and high market cap coins which haven’t had a single commit in years or only have a single developer making all of the changes for the entire cryptocurrency. Both of these are not sustainable and will lead to the crash of the currency. Once I have a general idea of the state of the repository, I start digging into the code. I get an idea of the organization of the code. Have the developers been writing clean code that’s documented? Do they have a strong test environment that actually executes critical sections of the code? If the code isn’t documented well or there doesn’t seem to exist a strong test environment, this can be a sign that the coin is going to have trouble scaling in the future. The final stage is actually understanding portions of the code. It’s not necessary to understand all of the code, but you can generally get an idea of the developer’s competence by skimming the code. I check to see if their code design is logical and precise, I look for the use of optimizations when it’s possible and obvious, and I like to see that they use strong object oriented designs. I consider the code the team writes to be proof of my team assessment. If I evaluated their team as one with strong potential, then their repository solidifies my view of the team. Outside of the proof of work by reading through the repository, there are other ways to see if the developers are engaged. By following the developers on Twitter, looking for appearances in technical conferences, and participating in technical discussions indicates the developers are ready to engage the community, have strong communication skills, and are willing to share their knowledge with the community. 6. Whitepaper While the whitepaper is important, there has been a significant over reliance on this document. While the idea could be profound, it matters very little if they cannot implement the idea. Many high and medium market cap coins have grand visions that will never be reached because either they will run out of funding, the technology won’t be possible/reliable/practical, or people will simply understand it’s not as useful or convenient as they thought. Ensure while reading a whitepaper that you look for key indicators that can signal if the vision is a pipe dream designed by someone who doesn’t understand cryptocurrency or there are technical and practical grounds for what they are developing. Several examples of a pipe dream that will likely never come to light are coins that try to do everything. Coins that promise the world don’t understand the trade-offs of the various algorithms and technologies that are currently being employed today. 7. Community At the end of the day, although a product is made, that doesn’t mean people use the product. As a result, the community is an integral part of a coin’s success. Without a strong community supporting the coin, it’s unlikely to succeed. This doesn’t mean there will never be a strong community behind a coin that is currently rising, but it means there needs to be an evaluation of the trend surrounding the community that supports the coin. By gathering involvement on social media, forums, and technical discussion boards, it’s possible to get an idea of how the community involves themselves. As a coin grows in market cap, presumably, so should the community involvement. A coin which recently got pumped without a match in community involvement could be a sign that something is going on behind the scenes that will quickly result in a following dump. Natural growth happens when a community gathers in support of the coin, involves themselves in the development, marketing, and use of the coin and even starts to builds things around the coin. For example, third party block explorers, price trackers, integration into 3rd party wallets, etc. As the community grows in support, it’s possible the market cap will follow. If the market cap leads the support, tread cautiously. 8. Marketing & Hype Outside of the actual product development, it’s important that the team is capable of marketing the product. In addition to the marketing, producing meaningful partnerships, sponsors, and support is in some aspects just as important as the product. There needs to be a balance between product development and marketing. A product without proper marketing will likely falter and fizzle out over time as funding dries up. In comparison, a coin that is over marketed can cause the hype to get ahead of the product causing the market cap to far exceed the value of the product. This can induce crashes later on as the public begins to realize this fact and becomes concerned for the future. This volatility may lead to uncertainty. The ideal marketing is one that pairs closely with the product development. Organically growing marketing campaigns and scaling them up as the product comes to fruition is a positive scenario. 9. Timeline The timeline is an important indicator of how well the team is maintaining their course and hitting objectives. Even the best teams need to deliver. Without delivering on schedule, investors become concerned and the value becomes unstable. A trustworthy team will keep the community in the loop as far as their timeline goes. A good team will hit their goals or in the least provide ample evidence supporting their reasons for not hitting deadlines. Additionally, the timeline should be reasonable. While a team that doesn’t hit their deadlines causes issues, so does a team that has an unreasonably long timeline. Without haste, any team can get toppled with new ambitious coins that are introduced into the market. This means there should be a reasonable balance between haste and making sure there is enough time to complete a task well. 10. Resources Investing in cryptocurrencies is a continuous process. While the industry matures, there will be new technologies and opportunities that arise constantly. It’s important to stay on top of the news in order to understand the future outlook on your investments. Don’t be afraid to change up strategies when mistakes are made. There are also a lot of good resources that can be used to gather information about the market and each of the cryptocurrencies. I will provide some of those resources below. Market Analysis: https://coinmarketcap.com/ Coin Ratings: https://www.coingecko.com Social Analysis of Each Coin: https://solume.io Discussion Groups: https://bitcointalk.org/ High Level Explaination of Coins: https://www.iconomi.net/digital-assets Collection of Resources: https://cryptominded.com/ Market Analysis: http://coinpuffs.com/ Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord _Portfolio rebalancing is a strategy that has been used by investors for decades. First, an investor must determine how…_blog.shrimpy.io Portfolio Rebalancing for Cryptocurrency _The intention of this study is to paint a fair picture of how rebalancing as a strategy stacks up to HODLing. In order…_blog.shrimpy.io Rebalance vs. HODL: A Technical Analysis Please leave a comment if you feel this list is missing something. The Shrimpy Team

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