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Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

5 Worst ICO Promotions

  • Eric Eissler
    ⭐ Features

    The PR teams behind these coins failed the companies, and by failing, so did the coin and the MVPs, not by a little, but by a lot

5 Worst ICO Promotions
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What is worse than being a failure is being a failure with poor marketing and advertising. The following are some of the biggest failures, due to poor marketing practices, for 2018.  

Centra Coin

Floyd Mayweather was a celebrity endorser of Centra Tech, along with DJ Khaled, but the endorsements did little to promote the coin when one of the co-founders, Raymond Trapani was arrested on April 20, 2018 and charged with securities and wire fraud for more than $25 mln associated with the company’s ICO. After that, there has not been much more news. Oh, and they claimed they entered a deal with Visa, which even Visa denies. How low can you go?

Narrative Network

While the assonance is on the “N” the Narrative Network has done very little in creating a story worth reading. It was named the next Steem but failed to deliver on any of the promises it made. To top it off 50 percent of the ICO, $7 mln of the $14 mln raised went to the team and to development, leaving the token severely undervalued. While the name has a ring to it, it is rather dull and does not suggest robust writing but non-descript nonsense.

Bee Token

If you got stung by the bee, you are not alone. What was thought of as the decentralized Airbnb of the cryptoworld, got rave reviews of course, but it was not until right up to the end that the problems emerged. There was a planned scam that diverted funds out of the company and into the hands of the founders? Most likely, but after a strong ICO, the bee sting was suicidal as the token price never got off the ground and ended being another worthless ICO in the ending up in the rubbish bin.

RentBerry

Berrys are small and sweet, but RentBerry is small and sour because from it’s initial value, it has only lost money for its token holders. Crashing down about 900 percent of what it was worth, essentially rotten on the vine. The premise of the rotten RentBerry was to use security deposits as a form of investment. This investment scheme is something more akin to what a slum landlord might try to do with your security deposit when you are not looking and then try to blame you things being broken, which were broken to begin with when you moved in. Not cool in anyone’s book and investing in the security deposits of hard-working tenants isn’t cool either.  

Iungo

While Iungo is very ambitious and surely garnered much attention, there is no roadmap on the site, and the news and company blog is filled more with marketing stories rather than any pertinent information about how the company is doing or what they are doing to achieve their goals. Based on the public financial information, it is safe to say that progress has stalled and the fact that the company does not directly address this issue is another sign that there is a problem. On top of that, the marketing behind the project, Iungo (Is that an “I” or an “L” in the name, oh an “I”? Easy for you to say) This naming convention has caused a lot of confusion and with confusion comes failure. If customers don’t know the name, they won’t buy into the game.

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money

Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.

You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

👉MUST READ John McAfee Says Exactly When Bitcoin Will Hit $1 Mln, IBM’s Jesse Lund Goes for More Modest Forecast

Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

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