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Past-ICO Review: Alternative Facts and Truths Abound

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  • Eric Eissler
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    ICO or token sale, call it what you want but something happened and a company made some money, but when and why are there conflicting facts?

Past-ICO Review: Alternative Facts and Truths Abound
Cover image via u.today

 

Taking the games from the corporations and putting them back into the hands of the gamers, is what Refereum is all about. However, there seems to be something amiss. According to ICODrops, the “token sale” ended on Feb. 8 2018, but when checking out another source, dated Aug. 25, 2018, it accuses Refereum of not holding an ICO as promised. Checking out the website, the first thing displayed is “the Refereum token sale is complete!” So what is going on here? U.Today reached out for comment on this matter of why the media has so many conflicting facts, or more in line with the times: alternative facts. However, when the pressure is on and someone is getting on to the fact that something is not right, “no comment” is given. The equivalent to pleading the fifth in a US court; fishy.

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Finance

According to ICOdrops, which is generally a very reliable source, Refereum raised $32.2 mln during its token sale, which ended on Feb. 8, 2018. Which is funny because according to another source which has quoted Refereum as saying the following:

…after taking into consideration advice and feedback from our advisors and legal teams, we made the decision to complete the Refereum Utility Token Sale in its entirety through the private pre-sale process. We are honored to announce Refereum met its target sales quota ahead of the formerly scheduled public sale, but recognize that there are many who will be disappointed with this news– despite the good reasons for conducting the sale this way.

Well, to finish out the finance on this utility token, you are not missing much: Market entrance on March 1: $0.0219

Current price: $0.0038

Bottom line: Rubbish

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Take a look at the Team

Dylan Jones- CEO & Founder

A game designer from down under, Jones has worked at many predominant game makers and has all the right background to get into the blockchain based gaming industry and using it for something good.

Alistair Doulin- CTO

Alistair is a game industry veteran who has worked on multiple high profile game and engine projects.

Sloane Earl- Business Development

Earl has a background in traditional and digital concept art and a strong interest in the gaming industry. She also focuses on Women in Blockchain initiatives as co-founder of Team Block Society, and co-founder of The Wild Gypsy Tour, women's motorcycle event at The Buffalo Chip.

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Tech Tech

By cutting the marketing middleman, Refereum directly rewards influencers and gamers for promoting and playing video games. Refereum is working with Twitch, a prominent influencer gaming platform, Unity, the world's most used game engine and Ambisafe, which has secured cryptocurrency projects like Tether and Chronobank.

Final word

While it appears to be some pretty cool ideas to get the games back into the hands of the gamers and away from the corporations, which according to Jones, make more and more money and provide less and less of a gaming experience and even less profits with the developers and designers, the general supporters are not in Refereum’s corner and there seems to be a general dislike in the media.

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About the author

Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.

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Bitcoin’s Domination May Rise According to One Analyst

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  • Vladislav Sopov
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    Famous analyst PlanB published an interesting chart showing the four stages of Bitcoin’s market dominance. It appears that he predicts hard times for the altcoins!

Bitcoin’s Domination May Rise According to One Analyst
Cover image via u.today

With the last days of 2019 right around the corner, analysts and traders are getting the audience pumped for 2020 forecasts. The third Bitcoin (BTC) halving and Ethereum's probable migration towards its Proof-of-Stake (PoS) consensus will be hot topics for the crypto community. Prominent trader PlanB decided to surf this wave by showing BTC's dominating traction.

Four Stages for Dominance

In the historical chart, PlanB has revealed one of the most important indicators of the crypto world - Bitcoin's market capitalization. This indicator shows the ratio of BTC's market capitalization to the capitalization of all other cryptocurrencies tracked publicly by the available services (4000+ coins). This is used as a sign of comparative demand for altcoins and BTC.

Bitcoin Dominance Historical Chart
Image by: https://twitter.com/100trillionUSD/status/1203012308513017856

Plan B showed the four stages of BTC's dominance, in which the graph is slipped vertically (bottom line indicates 100% BTC market dominance). The first stage, which lasted before April 2017, showed that BTC's dominance was more than 90%. The second stage (April-September 2017) showed that the figures were between 70% and 90%.

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The third and the fourth stages repeated twice from September 2017 to the present day. In the early days of 2018, the indicator was at an all-times-low of 35%. Now, the graph is about to re-enter BTC's second stage with a 70+% dominance.

Altcoin Annihilation?

PlanB surrounded his picture with the ironic hashtag #altcoinannililation. Therefore, PlanB interpreted this traction as bad sign for the altcoins. It should also be said that some of commentators in PlanB's open thread suggest that the four-stage cycle was launched by the previous BTC halving of July 9, 2016.

Furthermore, we can see that BTC's high price correlates with its low market dominance. With that said, the publication by PlanB forecasts an extremely bearish start for 2020.

Recently, BTC advocate Tuur Demeester claimed that the price of BTC will drop one more time to $5,000. This level will be reached due to the capitulation of "weak" investors prior to the long bull rally.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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