Mar 12 2018
Initial Coin Offerings: Crypto Capitalism Of The Modern Era?
Let us begin by decoding the word “CRYPTO CAPITALISM”. To begin with, Capitalism can be defined as the process of making market decisions that are very private in nature. The concept of FREE MARKET is what truly characterizes CAPITALISM. The decisions made are keeping in view the competition in the free market. Commodity prices are influenced by features such as demand, supply, and also the nature of the free market.
CRYPTO-CURRENCY; A rather heavy term which might sound new to a lot of people out there. It is nothing but a modern-dayphenomenon which has become the most sought-after industries in the world today. Individuals are flocking to invest in a rather new form of digital currency whose value has grown exponentially ever since the inception of the Bitcoin in 2009. People find it very comfortable to invest in cryptocurrency as it is an unregulated form of money which will give you amazing yields in the future. Hence, it’s safe to say that we are now entering into the cryptocurrency age.
What Is Crypto-Capitalism?
Since we have defined both the terms. Let us now define “CRYPTO CAPITALISM”. What makes cryptocurrency so appealing? There is no controlling body which controls your investments. You are free to make your own investment decisions and no one else has the right to question it. You can invest your cryptocurrency in a market which is free from any sort of influence.
Initial Coin offerings are one such market. Initial Coin Offerings is the modern-day answer to start-up funding. ICO service providers offer a unique project idea to its customers. They also mine their own cryptocurrency units which they offer in exchange for other prominent cryptocurrencies like Bitcoin, Litecoin, Ethereum, etc. amongst a host of others. If a person with a stockpile of cryptocurrency units wants to invest them further. They can do so in ICO offerings. This way, start-ups can raise the necessary funding through crowdfunding where such cryptocurrency exchanges take place. It’s a very unregulated process and hence companies can resort to a lot of creative approaches to raise the money. This is the brand-new concept of Crypto Capitalism.
Why Is This Important?
A centralized regulatory body will be a huge hindrance for any investor. They will work towards taxing any investment made. This taxation will be in the form of service charges, or simply a “fee”. Apart from paying extra money, an investor will be entitled to adhere to a number ofunnecessary rules and regulations which will be introduced. In simple terms, you will have someone watching over your investments and of course, poke their noses if deemed necessary. This also brings in uncalled for instability in the market. What would this result? This would result in a flight to more traditional forms of investment such as real estate or stocks since they are more stable.
There have been cases where the governments did try to regulate the currency. When certain far east countries talked about regulating the BITCOIN, what followed suit was highly predicted. The Bitcoin saw its value fall by a staggering fifty percent. Just imagine if such regulations were global. Would you think of investing in cryptocurrency? You would potentially think twice before doing so. The entire concept would be wiped out in a matter of months.
Are ICOs The Future Of Start-up Funding?
Modern-day start-ups are depending on Blockchain technology to raise funding to execute their projects. Earlier on, they had to depend on traditional forms of financing which is a tedious task which could or could not yield returns.
Start-ups who develop applications for blockchain technology projects now have another added privilege which they are entitled to. They can generate their own crypto units which they can easily exchange for prominent cryptocurrency units. These exchanged cryptocurrencies are the driving forces behind a majority of their projects. If you are confused about what type of cryptocurrency is best suited for your investment, make use of websites ICO Token News to gain more information on the different kinds of cryptocurrencies in the market today.
- This is a very safe method of raising funds. A company is not answerable to any venture capitalist or surrender any equity to them. It’s completely foolproof.
- Blockchain technology also provides a ledger system for creating a database of all the transactions which take place. This information is shared with the concerned parties, without having to endure the expenses of a broker or an exchange who charge exuberant fees for their services. It’s being used by a large number of companies and many start-ups are equipping themselves with the technology to make use of the system in place.
We all know that the BITCOIN is a ledger system which records all bitcoin transactions. This system was built using Blockchain technology. Now, companies too are developing a similar system of ledgers and putting them to different uses. The crypto tokens they sell are those which are needed to gain access to these platforms.
Once you invest in an ICO service provider, you will be given ownership to a number of their crypt units. If the startup or project is a roaring success, the value of the crypto unit is expected to soar as well. This is a direct result of the rise in demand for the crypto token.
What Is The Future Of Crowdfunding Using Initial Coin Offerings?
For a company resorting to initial coin offerings in order to raise funds, this doesn’t mean that they do not use equity offerings to raise capital. However, experts stress that a company can raise almost ten times the required funding without actually giving up any control over the company or its equity.
Despite the appealing nature of the system, it’s not that it will replace the traditional venture capitalist system anytime soon. VCs offer not just finance, they offer you a host of connections, expert guidance and most of all prestige.
However, companies resorting to ICOs have taken one step towards the future.
Initial Coin Offerings: The Scope
Despite the high number of risks involved, ICOs are expected to usher in a brand-new era of start-up crowdfunding. This could be a game changer for a long time to come.
The companies who are offering coins through ICOs are developing technologies which could be very beneficial to other industries as well. They are ushering in a new era of technology which revolves around blockchain technology. Newer uses for the technology are being devised, owing to its appealing irregulated nature of working. The demand is only expected to rise and its necessary that all companies are ready for this new era of change. Regardless of its uncertain bubble-like nature, it is a risk worth taking.
Earlier on, investors had to wait many years in order to reap a profit from their investments. But in today’s era, an investor who has purchased coins through an ICO funding campaign can expect a huge profit in as little as nine months from the time of investment. These investments can be easily cashed out into real-time money.
Expect blockchain technology start-ups to be a part of every industry like health care, transportation, real estate, banking, etc. to name a few. This is the future in front of our eyes.
Some Points To Take Note Of
As this article has constantly stated that the unregulated nature of ICO offerings is a very good thing. However, it does not mean that you do not take precautionary measures before making any sort of investment. Blockchain technology is used for scams as well. There are a certain number of fraud Initial Coin Offerings which dupe people of their investments. This has to be avoided. Make sure that you follow certain precautionary measure before investment.
Some of them are as follows:
- Make sure you do a thorough background check on what the project is about. Scour the internet for more information on the team behind the project. This way the authenticity of the venture is clear. The more transparency the team imparts, the more trustable the ICO offering is.
- Make sure you read the white paper of the project before investing. This way you will understand the technicalities of the project. It will help you decide whether to invest or not.
- Make sure you keep all your cryptocurrency units in an online cryptocurrency wallet. Such wallets provide you with the right security features to protect your capital from any sort of theft or hack.
- Be patient with your investment. Do not expect an instant profit from your investment immediately. Give it some time and wait for the project to flourish. You may end up with a larger profit if you just wait for a little.
Conclusion
The world of finance is an ever-changing one. A world which was once ruled by stocks and equity funds is now being taken over by the cryptocurrency phenomena. It is unpredictable and no one really knows how long the bubble is going to last. For now, it’s safe to say that Crypto Currencies and Initial Coin offerings are Crypto Capitalism of the Modern Age.
May 5 2018
The Eternal Trusts Platform and the Eternal Trusts Token as Their Currency
There is more than one person in this world who dreams for the impossible for the sake of merely improving their standards of living to even radically prolonging their life spans. Today, money is not the primary problem people have to realize their dream anymore. Even if you have much money on your hands, you still can’t make it come true unless you have the access to certain services. Yes, the inaccessibility to those services is what hinders the realization. But, there is the Eternal Trusts platform now. It is one worth to ask help from.
What You Need to Know About Eternal Trusts
To tell you the truth, improving standards of living or prolonging one’s life span is not impossible dream to realize. Many researches that close to answer that should be there already. If we have to take one example, it would be cloning animals with cloning humans. That being said, things like cloning humans have the services that are not yet approved by regulation. You might find other reasons that enable you to purchase them, like legislative inadequacies and lack of additional research. They are the common reasons of all.
Now, you know that no matter how much money you have, you won’t be able to access them on your own. This is where the Eternal Trusts step in to help you. This platform is there to make it possible for anyone to devise both products and services necessary for their goals. With this platform, research groups would also benefit for having the chance to do potential demand analysis for their latest developments. Even normal customers could make smart contract and infrastructure to give them the power to buy future services.
You have the platform that can make things that were impossible to be impossible now. It is the only platform there is to be able to offer such thing. For the sake of realizing your dreams for the future, the Eternal Trusts sure is worth placing your trust on. Once it becomes possible to buy the services necessary, you can proceed with the realization of your dream, right? Then, it would not be just dream anymore. The Eternal Trusts is just as reliable as that to serve their customers, be it for individual’s dream or for the sake of everyone.
The Eternal Trusts Token and What They Are For
Blockchain platforms would usually build their own ecosystem for digital transactions. For such transaction though, they don’t normally use real money anymore. That is why they have their own crypto currency to sell and buy things within the ecosystem. It applies the same even to the Eternal Trusts platform. The crypto currency used in this platform is called Eternal Trusts Token (ETT). In accordance with the industry standard, their token is based on ERC-20 protocol. Let’s see how this token will be used in the platform ecosystem.
First than anything, the Eternal Trusts Token is one intended to serve the customers as the fuel for the realization of their goals or dreams. What’s more? It is said to be able to help them automatically fulfill those goals. You must have been wondering how the token can do that much, right? Well, you see, when you submit your goals to the platform, customers are required to pay them with tokens. While it might seem that you can’t hope to simply put them for free, these tokens are what will be needed for the publishing of their objectives.
Now that your objectives have been on the platform, the Eternal Trusts will do the job to constantly search for the providers that are the most suitable to fulfill your goals. The platform can’t help you this far without you paying them with tokens. If you can eventually get the most suitable providers that can give you the exact services you need, it is worth spending your money for, right? After all, we’ve got to pay for their trouble to help us realize our dream. At least, you can entrust it to them since they can promise to make it succeed.
If you are interested in doing the same, make sure to submit your goals to this platform via an automatically executed smart contract. Then, pay their service with tokens and you are all set to make your dream come true. This is how the tokens can automatically help you fulfill the goals. Eternal Trusts Token is not just a part of the ecosystem. In fact, it is the integral part of the product that the platform offers. You might never imagine that investing your money for it could bring you closer to the very realization of your dreams.
Visiting https://eternaltrusts.io/ will make you learn that the Eternal Trusts Token is something that can fuel the fulfillment of our goals. However, you need to remember that it is still the platform’s crypto currency to begin with. With this specific currency, people can do all sorts of transaction in the platform’s ecosystem. Also, there is benefit for using their currency like this. With it, people other than the users and the platform would not be able to meddle in their transactions. You can focus on the business without having to worry.
The tokens you bought from the platform are pretty much meant to let you get your hands on biotech products and services. You pay the platform with the tokens and it will make those products and services accessible for you. Without the tokens, you won’t be able to start with anything. It is pretty much the same with how it is used to automatically fulfill your goals. Without paying with the tokens, you can’t expect to get the most suitable service providers to contribute for it. That is why it is right to say that token can act as kickstarter.
It is the kickstarter of biotech products and services, to be exact. Now that you can get your hands on those products and services, you can be sure that the day your dream comes true is not so far away. To begin with, the inaccessibility to both of them is the only thing that hinders its realization. Now that it is taken care of by the Eternal Trusts, it is true to say that every dream is destined to succeed. The platform won’t boast their capability for nothing. So, you will never go wrong spending money to buy tokens to get the goods and all.
From our discussion so far, you must have thought that the Eternal Trusts acts like the mediator between the customers and the service providers. It is because the ET makes it possible for the providers to give their goods and services in exchange of the tokens paid by the customers to the platform. From this, you might have concluded too that the platform brings the goods and services outside to pass them to you. Thus, this is the extent of what the token is meant for. Unfortunately, this ET platform here is nothing of that sort.
The platform is also the place where biotech projects are built as well. People come up with the ideas. Then, researches are made. After that, the products and services are gathered. Thus, the projects undergo the process and development. Finally, new products and services are resulted from those projects. While people can enjoy their own products and services, they have the choice to sell them on the platform as well. As you might have known, we need certain currency to bridge the sellers and the buyers in the ET ecosystem.
This is where the token is used. Yes, besides being the currency for customers to buy products and services, it is also the same currency that is used to sell the new products and services resulted from their projects. This is how the transactions go in the platform’s ecosystem. You might never imagine that your dream can earn you profit, right? This is how far the platform can benefit its customers. It is more than just one that can help you realize your dream. You can actually share the results for the benefits of others. It sure is great ecosystem.
For the development of our projects, we can’t neglect the fact that we do need some or several services to make further progress. However, you don’t need to get your projects delayed because of this. You can just make good use of the token facilitated by the platform and you will have smooth process until your dream is finally realized. Tokens are used in all sorts of ways in this platform’s ecosystem. That is why there are all sorts of transactions happening there too. Before, you can use token to sell products and services of projects.
Now, the token will also be used by the platform to facilitate you with the services needed for them. Yes, the token is what it will use to buy the services. When it is like that, you know you will never out of materials to get your projects done, right? Everything is possible because there is this currency to fuel any transaction within the ecosystem. How it is used might vary depending on the situation, but it is sure to benefit both the customers and the platform itself. Why, of course, to begin with, the platform actually aims for certain thing by it.
It would be to generate liquidity in the emerging markets. Now, you know that even the platform dreams this big for itself. Even so, the realization of customers’ dream will still be its primary concern. You might never know that platform token can lead to something big like this and means much for everyone. That is why we can guarantee that you can be one or more steps closer to the realization of your dream if you choose to work things with the Eternal Trusts platform. You won’t regret your choice. Only with the ET here, futuristic dreams can be destined to eventually come true.
Social Media:
Twitter: https://twitter.com/Eternal_Trusts
Facebook: https://www.facebook.com/EternalTrusts/
Telegram: https://t.me/eternaltrusts
Ann: https://bitcointalk.org/index.php?topic=3130908.0
Website: http://eternaltrusts.io/en
White Paper: https://s3.eu-central-1.amazonaws.com/cdn.batyukovstudio.com/projects/eternaltrusts/documents/wpen.pdf
Posted by: kurniawan05
https://bitcointalk.org/index.php?action=profile;u=1187741
By admin • Technology • Tags: benefit, Blockchain, business, cryptocurrency, eternal trust, Eternal Trusts Token, good, much money, presale, service, token, White Paper