🕵️‍ ICO Watch Eric Eissler

Past-ICO Review: Mobius

👁 ICO Watch
Stellar Lumens powered DApps that can integrate Blockchain ecosystems, is an anomaly and similar among many other projects out there
Past-ICO Review: Mobius

ERC20, ERC20, ERC20, that’s pretty much all you hear these days when you are looking at altcoins. It seems as if 90 percent of all new altcoins are built on Ethereum. It makes sense when you get down to the bottom of it; smart contracts are the way to go, you can do so much with them, why would you build on anything else? Right? Well, Mobius is taking a different approach: it is built on Stellar Lumens, the “non-profit” rival to Ripple also known as XRP.  The overall goal of Mobius is to integrate the Blockchain ecosystem into DApps and has three major product offerings: DApps, Oracles, and Smart Markets. Let’s dive into the financials before going deeper.

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Financials

Mobius raised $39 mln in 24 hours between Jan. 18 and 19, 2018 with a token price of $0.16 USD per MOBI. MOBI entered the public market at $0.38 on Jan. 19, 2018. It hit it’s all-time high of $0.45 two days later before entering into a slide down the current all-time-low of $0.03. The market cap has sunk down to $11.8 mln and daily trade volumes are around $105,000. It has a circulating supply of more than 330 mln with a total supply of 887 mln tokens.

Team

Cyrus S. Khajvandi- COO & Founder

Khajvandi has a background in development and working with data via Python. He briefly worked at Oracle on Middleware before setting his sights on opening his own companies Incentru and then Mobius.

David S. Gobaud

A developer at heart, Gobaud has more than 15 years of experience working at many high-profile companies such as Google. His formal education spans computer science, business and law.

Monis Rahman-  Head Research Scientist

Rahman is also a developer with much academic experience at Stanford. He has a PhD in Computational Mathematics from Stanford and spends much of his work time in research and development.

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Tech talk

The Mobius API provides a universal interface for accepting any Blockchain token. The Mobius API simplifies the current token developer process by providing a modern and easy to use REST API that returns JSON and uses secure webhooks to alert developers of incoming token transfers.

Risks and concerns

At first glance, it appears as if Mobius is trying to do everything all at one time. The roadmap includes an off-chain token scaling solution, proof of stake Oracle protocol, DApp store, and cross chain connectivity. Each of these projects is a huge undertaking and there are projects that deal specifically in that one area. The lack of focus on one particular element is going to divert the team’s attention. Another odd bit is that the project runs on the Stellar Blockchain, which is an anomaly among altcoins.

Since Mobius has a rather very broad scope, it competes with many other Blockchain projects in some way, such as Status, Decentraland, and District0x for the DApp store; Chainlink and Gnosis and others on the Oracle side. As mentioned before, competition is growing and it’s fierce to compete with others and competing for token holders money.  

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What is Crypto Pump and Dump: Simply Explained For Beginners

📚 Wikicoin
The article runs about all the peculiarities of pump and dump schemes in the crypto industry
What is Crypto Pump and Dump: Simply Explained For Beginners

What is pump and dump?  

Crypto pump and dump represents a situation when a group of individuals tries to hugely profit off an asset by pumping it. ‘Pumping’ basically means buying a large amount of crypto (or stocks) in order to artificially increase the price of a specific coin. In such a way, pumpers take advantage of the basic law of supply and demand: if the demand goes up for something, the price would normally increase as well.

Scammers often pump and dump crypto, because, unlike traditional financial assets, it is tightly traded. Moving prices on a single exchange could have a substantial impact on the whole market. Pumpers normally target rather unpopular altcoins that do not need a lot of investments for price manipulations. For example, you would need to pump Bitcoin ad infinitum in order to provoke another bull run, but even $1,000 would be enough to effectively speculate on some new cryptocurrencies.

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How pump and dump works?

There are crypto pump and dump groups of people who buy extremely cheap altcoins and then they want to sell it off at a significantly higher price. Their task is to convince people that the coin is constantly increasing its value. They deploy different means of outreach including spam Twitter accounts, Telegram groups with thousands of active users in order to promote a new coin. Until recently, they would also put additional resources in buying Facebook and Google ads, but the recent crackdown on cryptocurrencies and ICO advertisement now prevents it.

Many inexperienced traders would invest in such a ‘promising’ asset out of fear of missing the boat on another big crypto. People are not generally interested in a plethora of obscure coins, but any cryptocurrency will attract their attention if it starts experiencing a major bullish uptick.

How pump and dump works

Then the pumpers dump the coin to their victims. That dwindles the hype and, subsequently, leads to a major drop in price.    

The food chain

Large pump and dump crypto groups usually have a very complicated structure. They consist of the following layers:  

  • organizers,

  • inner circle,

  • outer rim,

  • rank-and-file pumpers.

Obviously, organizers and some individuals from the inner circle run the whole thing: they decide what kind of coin they would like to choose and how they are going to promote this asset. On top of that, they are also responsible for timing. Being one of the organizers is very pricey and time-consuming, but at the same one get a huge profit in everything goes as planned.   

Members from the inner circle find out what cryptocurrency they are going to pump in a few seconds after the decision. All other members of the community (including the outer rim and last-minute pumpers) find out all the information only in about 30 seconds. After such a period of time, most of the move already takes place, so it is almost impossible for run-of-the-mill pumpers to hugely profit off dumping.   
 

Rank

Timing

Organizers

0

Inner circle

3-5 seconds

Outer rim and ordinarily pumpers  

30-60 seconds  


The process of pumping and dumping

How to pump and dump crypto? First of all, the inner circle decides what kind of currency they would like to choose for promoting. They get the biggest profit due to the fact that they purchase the coin prior to other members of the system. However, there is also a high-risk factor, since may they may experience some bug on the exchanges or some technical issues on their side which may slow down the process (even a few seconds are crucial in P&D schemes). It may also be possible that two or more groups will be operating at the same time creating havoc with the system.

The process of pumping and dumping

Once the pumping starts, the participants should be fully prepared with funds already deposited to their accounts. On top of that, they have to make sure that their computer has enough processing power in order to swiftly conduct a large amount of transactions (the same applies to the speed of their internet connection). Sometimes they deploy a whole bot army, which is capable of purchasing altcoins in a matter of seconds. Once the insiders have cashed out, they inform other lower-level members of pump and dump groups about crypto of their choice.

When it comes to the pumping stage, organizers try to involve as many ordinary folks who from the outer circle who will buy the currency at a higher price. Since the effect is really short-lasting, these investors are going to invest significant losses. The price of the pumped coin will drop like a rock in a couple of days.

The process of pumping and dumping

How to avoid pump and dump?

Here’s a list of things that you want to do if you want to avoid pump-and-dumps:

  1. Do an in-depth research of any coin that you want to invest in (the developers behind the project, mining peculiarities, price volatility).    

  2. Try to ignore cryptocurrencies that see massive gains out of thin air. While there may be other factors leading to a sudden surge in value, this is usually a primal indicator of the fact that the beguiling asset is being pumped by scammers.    
    NB! The majority of pumpers are not sophisticated enough to make it seem like the price is increasing gradually by investing small sums of money from time to time, so it is rather easy to spot them.

  3. Read the recent news about this coin and determine whether they are legit. Pumpers usually lure new victims in a crypto pump and dump (Telegram) with the help of fake news that are spreading around social media.


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Is pump and dump legal?  

Is pump and dump crypto illegal? Such practices of giving a push to companies, which are on the cusp of a major ‘breakthrough,’ is nothing new in the world of finance. The cryptocurrency industry is still going through ‘growing pains’ with little to no regulatory efforts. Even such openly fraudulent activities like pump-and-dump still remain legal on cryptocurrency exchanges. In February 2018, however, CFTC came up with an official warning for inexperienced traders and offered as many as $100,000 for any insider who would expose major pump-and-dump schemes. CTFC also states that up to 80 percent of ICOs may be involved in fraudulent activities, so traders should be exceptionally cautious before making some serious investments.

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Tron Price Prediction for December: One-Month Performance of -42.39%, Can This Change?

Tron price had a step decline during the past month, with losses of 42%
Tron Price Prediction for December: One-Month Performance of -42.39%, Can This Change?

Tron price had a step decline during the past month, with losses of 42%. As of Dec. 9, 2018, Tron was falling 7.63% for the past twenty-four hours to a current price of $ 0.013. It has number ten on top one hundred cryptocurrencies by market capitalization on coinmarketcap.com with a market capitalization of $866.184.465.

In this article we will make a Tron price prediction. It is not an investment recommendation and any Tron predictions for December are highly uncertain and contains a lot of investing risk. The key points of analyzed will focus on a prediction end year, and a Tron price today​​ for the remaining 2018.Is this one-month decline of 42% reversible or it will continue?

Tron price prediction article
Tron crypto image

 

Tron price prediction December

A TRX price prediction made by coinswitch.co is in line with current downtrend. The Tron price prediction is for a price with a range of $0.05-$0.07 by the end of December 2018. With a current price of $0.1283 this is a severe decline of about 45%-61%. Could this happen? Based on recent volatility and the decline for the top ten cryptocurrencies by market capitalization this scenario is possible. The main question is what can make a more accurate Tron coin price prediction?

All Tron predictions are based on probabilities. A TRX coin price prediction is highly uncertain. An interesting Tron price prediction 2018 is made by WalletInvestor.com. They mention “TRON price equal to 0.0130 USD at 2018-12-07, but your current investment may be devalued in the future.”

They provide only TRX predictions for the future and are very pessimistic with a one-year target of $0.000001. This practically means that the Tron will lose 100% of this market value and market capitalization within one year, in 2019.

Tron price prediction end year

A Tron forecast by tradingbeasts.com is again not optimistic.

“The Tron price is forecasted to reach $0.03 by the beginning of January 2019. The expected maximum price is $0.04, minimum price $0.02. The TRON price prediction for the end of the month is $0.03.”

There are two price predictions that are very negative for its price by the end of 2018. A look at positive and negative factors for Tron coin’s growth and prospects is important to analyze what could really drive the price in 2019, a Tron prediction based on arguments.

Some of the pros for Tron’s growth are:

  • Partnerships
  • Tron founder public profile
  • Exodus mainnet launch and potential

Some of the factors that are negative for Tron coin prediction and beyond are:

  • No working product
  • Questionable marketing
  • Plagiarism accusations
  • Lack of adoption
  • TRX distribution

Another important factor which may weigh on TR price prediction is the increased competition expected by major names such as Facebook, Twitter, Instagram.

Tron price prediction 2019

A TRX coin prediction for 2019 starts with what is really Tron. The following Tron forecast range is indicative about how the price could move in 2019:

  • Tradingbeasts.com estimates that TRX currency value will be about $0.07 in December 2019. This price will have increased as in January 2019 the average TRX prediction is for a price of $0.03.
  • Smartereum.com reports that “Analysts have predicted that the value of the digital currency will increase to $3.75 by the end of this year. They also predicted that the price of Tron might hit the $12 mark by the end of 2019. Based on the analysis of the present value of the digital currency, they have also predicted that by 2020, the value of Tron could get to $52.91.”
  • Coinswitch.com makes the following TRX price predictions, $0.148 and $0.315 for 1-year and 3-year respectively. This 1-year forecast makes their forecast interesting as it suggests a price appreciation of about 100% in 2019 compared to their TRX prediction price in December 2018, and an upside potential of 1000% with Tron current chart.
  • Globalcoinreport.com mentions that “value will rise to $3.50 before 2018 closes. The predictions further say that the price of TRX might go above $10 by next year.” Any Tron value prediction is not an investment advice or investment recommendation as mentioned also on their site.

The following infographic explains the various stages of Tron’s roadmap. It is important to mention that online searches for key terms such as Tronix wallet, Tron will result in a plethora of information.

The prediction about Tron future price and the question is 5ron a good investment on 2018 or 2019, should take into consideration the regulatory issues worldwide. With limited business applications and prospects the question why is Tron going up, or why Tron is going down is simply more logical. Fundamental reasons, other than technical reasons are the key drivers for TRX price.

Tron coin and its various business stages
Tron coin infographic

TRX price forecast

What is the future of Tron coin and a coin prediction 2018?

The following hourly chart as of Dec. 9, 2018 shows that a short-term bottom was formed at $0.01221 and price moved higher to $0.01341. But is this enough to call it a real bottom? The answer is no. A longer term chart will be used, and this will be the daily chart.

Tron hourly chart
Is Tron going up after a selloff?

 

Tron price prediction end of 2018

Tron daily chart
Tron price prediction for December 2018

 

Our technical analysis for Tron coin on daily chart shows that:

  • A strong downtrend is the dominant trend. The ADX/DMI indicator confirms this. The ADX line is at 33.84, the DI- line with red color has a reading of 31.64 and DI+ line with blue color a reading of 17.09.
  • MACD indicator has made a bullish crossover but is still negative. A potential double bottom at $0.011 may soon form.
  • Momentum indicator is rising indicating that the recent downtrend may pause for a while.
  • The daily Bollinger bands are now at 0.011 and 0.0173 for the lower and upper band respectively. This means that there is a 95% probability that the price will remain within that range, with no breakout either up or down occurring any time soon. The increased volatility may continue for the remaining of December 2018.
  • There is only a recent support level at $0.011. If this is tested again and does not hold price could move lower.
  • There are former support, now resistance levels at $0.0174, $0.016, $0.02068.
  • The daily 20-period and 50-period exponential moving averages are at $0.0151 and $0.0181. Both are declining, showing a strong downtrend.
  • An attempt for a significant bounce failed recently at the $0.01722 price level.
  • Fibonacci retracement analysis shows that taking the recent swing high of $0.02492 and the recent swing low price of 0.0109 the retracement levels of 0.5 and 0.618 are $0.01791 and $0.01956 respectively. These levels are expected to act as strong future resistance levels.
  • The current trend is a strong downtrend and if we must make a TRX price prediction for the remaining of 2018 it is in favor of lower prices. What is a potential range for our price prediction? A level of $0.010-$0.08 for the end of 2018.

Conclusion

No one can make accurate forecasts related to investments. So, this opinion is not an investment advice, rather a simple opinion. The 2018 has been a very volatile year for the major cryptocurrencies, and almost all of them saw steep declines. It is hard to explain that this trend will change in the remaining December 2018. Strong trends need catalysts and important news to change. For now, there are no such catalysts.

Perhaps, 2019 will be a better year for the cryptocurrencies, but to our opinion any substantial appreciation for the cryptocurrency market will be short-lived if the regulation framework does not change and more business proven applications are available. For now the continuous decline in the cryptocurrency market in 2018 does not leave much room to be optimistic in 2019.

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Marketing Gimmick or Gamble: Past ICO Review

👁 ICO Watch
A marketing company ventures into crypto for a digital draw of attention
Marketing Gimmick or Gamble: Past ICO Review

IndaHash is a large multinational marketing company that, unlike others, was not born out of the Blockchain revolution, but rather adopted it and used it as a marketing tool. It runs on a similar mechanism that other marketing cryptos employ a trifecta approach that connects, producers, users, and influencers. In other words, “Our crypto-economic model creates indaHash Coin circulation between three groups of receivers: brands, influencers and their audience. Brands use indaHash Coin to run marketing campaigns with influencers,” according to the website.

Financials

The token launched at $0.36 on Jan. 23 2018, spiked briefly to a high of $0.57, before plummeting down to the current price, at time of writing, to $0.0129- the marketing experiment might be over? On the contrary, the ICO brought in some serious cash to the tune of $42.7 mln raised between Nov. 29  to Dec. 20, 2017. The marketing must have been really well done to raise such a large amount.

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Team

IndaHash has more than 130 people in Germany, UK, Poland, Singapore, the US, UAE and South Africa, as they are substantial marketing firm. The following are some of the top key members of the team.

Barbara Soltysinska– CEO and Co-founder

Previously, she was the strategic director at MSLGroup, which is a PR and strategic communications consultancy. She co-founded LifeTube in 2013, which is the largest Polish multi-channel network on YouTube with more than 300 channels and 43 mln monthly active viewers according to their website. The population of Poland is around 38 mln.

Darek Zieliński– COO

Previously, he was the managing director in a print and online media group based in Poland called Grupa Onet-RAS Polska and worked with brands such as Newsweek and National Geographic. He has almost 10 years of experience in the media industry.

Włas Chorowiec– CPO

Previously, he was the co-owner of LifeTube, founded together with Soltysinska and product owner of GG Network, a Polish mobile messaging app.

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Brand awareness campaign or media stunt?

While indaHash may have more than 300,000 influencers, it appears that this figure is not enough to lift up the token price, which has been in straight decline since February of this year.  This might be in part because the indaHash team does not hold any stake in the coin, and therefore the price is not much of a concern to them.

Additionally, it is not well understood how “personalization” of the tokens by the influencers really has any effect on them or the token price.

What is token personalization anyways? This was not defined nor commented on, when CryptoComes reached out for comment via the contact form.

Gamification of what? That’s considered a milestone?

According to a not-so-easy-to-find roadmap, the most recent milestone was reached this past June: “Introduction on gamification and loyalization features based on indaHash coin in the app.” It is not clear what features were gamified and how that could even be gamified.

A passage from the website explains further: “ When the influencer receives indaHash Coin, he has the possibility to exchange it for brand's products and receive discounts when shopping, along with early access to novelties. Influencers can also create their own tokens and use them to increase their audience engagement by use of rewards and gamification.”

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Hash it out, cash it out

With the way the token price has dropped, indaHash doesn’t have their skin in it to win it. The company can survive even if the token crashes to zero because that is not what their operation is based on. IndaHash is a full-fledged marketing company that has ventured into crypto to test the waters and draw some Blockchain and crypto attention to itself. IndaHash is here to stay, but the token, well that was just another marketing campaign for the books.

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ICON Price Prediction: How Much Will ICX Cost in 2018\20\25?

ICON is often called ‘Korean Ethereum,’ but will this ambitious project be able to touch Ether pricewise? Read our latest predictions to find out
ICON Price Prediction: How Much Will ICX Cost in 2018\20\25?

What is ICON?


ICON (also known as ‘Korean Ethereum’) is a Blockchain technology developed by South Korean Dayli Financial Group. There are numerous Blockchain-powered projects, but the ICON network definitely stands out from the rest since it has the potential to seamlessly connect the country for sharing the information without a middleman. In fact, ICON strives to link a myriad of the technology use cases into a single entity with interoperability between different Blockchains. Subsequently, it would create the world’s biggest Blockchain network.  

There are many Blockchains that need to connect with each other,” – Min Kim, chief strategy officer at Dayli.  

ICON performs a role of a facilitator when it comes to processing payments and establishing contacts between different institutions. ICON, along with EOS, are considered to be the top contenders for increasing the scalability of the current Blockchain ecosystem.  

image

2018 performance


So far, 2018 hasn’t been exceptionally good for ICON (ICX) – the currency failed to justify the initially high predictions and followed the generally bearish market sentiment that has been predominant this year. The 30th biggest currency with a market cap of $376 mln had a few price upticks in March and May, but they were not significant enough to make an optimistic ICON price prediction (2018).

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In March, the currency almost started testing $4 but failed to achieve that. However, the bulls were in full force a month later when  ICX coin reached $4.83 on Apr. 29.
image
Shortly after that, the price started falling again, ending up at $2.61 by the end of May.
image

The summer was really devastating for ICON since the downtrend continued. In July, the coin experienced rather strange price swings (12.5 percent spike was immediately followed by the same drop), which many suspected had been the result of a pump-and-dump.  

On Aug. 3, ICON fell below the $1 mark for the first time since November. Then, it even went as far as reaching its new all-time low, but ICON gained some momentum by the end of August, seeing a 20 percent spike in value on Aug. 28 and becoming the best-performing currency of that day. Right now, it seems like the currency is going to touch $1 again in the upcoming weeks.

At the time of writing this article, ICX coin price is sitting at $0.90 with a 4 percent drop over the last 24 hours.  

Should you buy ICX?


While ICX witnessed a massive decline in price this year which undoubtedly fuels negative price predictions. However, there are still a couple of good reasons why you should put it in your crypto basket:

  1. Widespread adoption. The ICON network can be used as an ecosystem for a different project, so it has great changes to be adopted by other coins. Subsequently, adoption pumps up the price of the coin. The ICON network allows anyone to create a Blockchain project.    

  2. A large number of partnerships. ICON is supported by many industry heavyweights, including the first crypto-oriented hedge fund Pantera Capital and a top global car manufacturer Hyundai. Back in May, it even teams up with an IT behemoth Samsung, which is going to utilize ICON’s Chain ID for its own technology called Samsung Pass.

  3. An institutionalized technology. ICON has received funds to work on numerous projects in such areas as health, education and insurance. Remarkably enough, the ICON team has recently met with the team behind the South Korean governor who wants to turn Jeju Island into a Blockchain hub.

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2018 price predictions

Will ICON experience another December-like bull run in the nearest future? While it seems extremely unlikely considering the current situation, Dan Morehead, Pantera Capital CEO, stated that he bets big on ICON during a Bloomberg interview in April.

The fund’s single largest bet is on ICON, which will let different Blockchains--digital ledgers-- talk to one another,” – Dan Morehead, Pantera Capital CEO.

Remarkably enough, the interviewer couldn’t hide his surprise after hearing about this ICON endorsement because he seemingly had no idea about this currency. Currently, many investors overlook this coin too.

Nevertheless, the team behind ICON remains bullish about ICX value.  

We expect 2H2018 to start acceleration,” – ICON chief strategist officer Min Ho Kim.

Kim openly explained the reason why ICX has been showing more than a disappointing performance throughout in a Reddit post. First of all, ICX is a high-beta asset which is a turn-off for investors. He also points out that many funds may lock in profits while ICON is facing an extremely tough competition on a Blockchain-friendly market. Some Reddit users suggested that the project needs a better PR team for boosting investor confidence.

Speaking of ICON (ICX) price prediction, it is also worth looking at Google Trends which, as we can see, accurately reflect the coin’s performance.
image

2019 price predictions and beyond


It’s hard to make any relevant ICON coin price predictions as of now due to an extremely high volatility of the market (especially with regards to the ICX token that so far showed one of the worst results this year). However, if compared to Ethereum, ICX doesn’t have the first-mover advantage to reach its market share any time soon. Their ambitions to reach interoperability between numerous Blockchain would take up to five years to be properly executed.   

As of now, ICON doesn’t deliver anything practical yet, so it is hard to see how the ‘Korean Ethereum’ will crack the top 10 anytime soon.  

However, it also depends on the total market cap. If other projects go up, ICON will almost certainly reflect a positive market sentiment and experience a substantial growth.   

The majority of sites that offer ICX price predictions are inaccurate, but it’s worth paying attention to CoinCheckUp, which actually bases its predictions on some of the already known growth scenarios (Moore’s law, Google, mobile phones and so on). Of course, you cannot rely on these hypothetical numbers, but they may give you a good idea of what would happen to ICX if it followed one of these growth scenarios:
 

Growth Model

ICX Price (2020)

Moore’s Law

$10.50

Internet

$4.38

Google

$6.39

Facebook

$12.92

Mobile phones

$4.30

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From Thinking Like a Regulator to Pulling Off a Crypto Heist: StartEngine Summit Opens LA Blockchain Week

Opinions
Tokenization was the focus of the StartEngine Summit, featuring keynotes by Christopher Cox and Charles Hoskinson
From Thinking Like a Regulator to Pulling Off a Crypto Heist: StartEngine Summit Opens LA Blockchain Week

In the crypto space, community is the key that is expected to open many doors — development, network maintenance, investment, funding, engagement, adoption. Every day, what must be hundreds of meetups and conferences over the world are striving to foster the growth of the crypto community, some with more success than others.

Looking over the landscape of LA’s crypto activity, StartEngine — an equity crowdfunding platform that is fully compliant and currently in the process of creating its own ERC1450 smart contract standard — has emerged as a hub for startups, investors and media, especially since the first StartEngine Summit was held in November 2017.

Six months ago, the theme of StartEngine’s April event was ICO 2.0. Last spring, the enthusiasm for ICOs had not quite faded and the bear market had not quite muted the crypto community’s high spirits. In the fall, the mood is more subdued and the STO (security token offering) emerges as the funding model du jour — this time, tokenization was the focus of the StartEngine Summit, which opened LA Blockchain Week in Santa Monica on Friday.

From Thinking Like a Regulator to Pulling Off a Crypto Heist: StartEngine Summit Opens LA Blockchain Week

Christopher Cox: Nobody likes the SEC

The opening keynote was delivered by Christopher Cox, former Congressman and former Chairman of the SEC, getting the conference to a surprisingly light-hearted and optimistic start. Cox offered a glimpse into the SEC’s analytic process and encouraged entrepreneurs to open their minds to the regulator’s point of view.

“It isn’t that regulators don’t love you, it’s that they have another job to do: investor protection, maintaining fair and orderly securities markets, and facilitating capital formation. Of these, investor protection runs deepest in the SEC’s DNA.”

The former Chairman also advised patience with the agency’s delays and seemingly schizophrenic statements. He quipped:

“Just like Blockchain itself, the SEC is highly decentralized, with independent discrete nodes of decision making.”

Despite this, he assured the audience that the US regulators are motivated to arrive at crypto regulation clarity and are taking inspiration from sensible regulation policies emerging in Europe.

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Token, tokenization, tokenizing the world

Throughout the day, expert panels covered a wide range of security token issues including the benefits of a tokenized economy, legal aspects of issuance and trading, tokenization of alternative assets and securities, and investment strategies.

The STO model itself is not new, and some in the crypto community may even see it as an untenable compromise with the established financial world. However, the vacuum left by the initial ICO hype begs to be filled and the community trust broken by fraudulent ICOs needs to be healed.

The cautious excitement around tokenization of tangible real assets has the potential to address both of those concerns. Tokenized fractional ownership in spheres like art and real estate is emerging as a truly viable market. Unlike with an ICO where the company product is purely theoretical, buying shares in something that has existed and gained value for decades, if not centuries, must be more reassuring.

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A change is coming and it’s bigger than crypto

Known in the crypto community for level-headed, intelligent and engaging discourse on the subject of Blockchain technology development, Charles Hoskinson, co-founder of Ethereum and CEO of IOHK, the company working on the Cardano Blockchain, didn’t disappoint the audience with his closing keynote.

Reflecting on his travels to Ethiopia, South Africa, and Mongolia, Hoskinson touched on the problem of these countries — and many others like them — being excluded from the world financial marketplaces, leaving trillions of dollars of real estate, resource and SME value locked up. At IOHK, Hoskinson and his team apply science and engineering to find solutions for this problem.

In Hoskinson’s view, even though the concept cryptocurrency is only 10 years old, it has already gone through several generations — from Bitcoin as a purely cognitive experiment to Ethereum’s addition of a Blockchain programming language, toward the 2017 ICO mania, and finally the introduction of regulatory mechanisms to the space.

In the next few years, regulated markets will form, finding new tools and schemes to create liquidity in the space. More importantly, though, Hoskinson believes that setting cryptocurrencies aside, the world will have to change to accommodate today’s truly global business interactions.

“Over the next 10–20 years, we will see great fortunes made, we will see a lot of things change, but one thing that I’m certain about is that we’ll settle upon a completely new world financial system. A lot of things that are really expensive and take a lot of time right now are going to be completely automated. We are going to see money start moving at the speed of information.”

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The crypto heist

To reward those who stuck out until the end with a fun flourish, the summit concluded with the unveiling of an exclusive piece by crypto artist Daniel Maltzman. The work is titled The Heist and shows Mickey Mouse in a Batman mask running away with a painting featuring an alphanumeric address. Apparently, the clue leads to an undisclosed amount of Bitcoin awaiting whoever manages to “steal” it first.

Concluding on this adventurous note, the summit seemed to strike a balance between practical considerations of regulatory compliance on the one hand, and the sense of unrestricted opportunity that draws enthusiasts to the Blockchain space — on the other. In the introductory remarks for the summit, StartEngine CEO Howard Marks said that “tokenizing the world is a big revolution.” Perhaps, after all, the financial Blockchain revolution won’t be radical and bloody, but slow and steady — yet, no less inevitable.

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