No one becomes rich by stashing money under the mattress. Each and every billionaire or millionaire gets there mostly by investing.
The recent boom in digital currencies and initial coin offerings (ICOs) provide ordinary folks with a golden opportunity to make their savings work for them. Some of those are quite risky, others are scams. But sometimes risk yields huge rewards.
In this list you’ll find the top five ICOs, carried out over the first two months of 2018, which might have –or still may– help fatten your wallet. The selection, provided by crypto news website CoinStaker, is based on the potential growth, all-around hype, the strengths of each product and the team behind it. Some of the risk factors are also outlined.
The company’s new Telegram Open Network (TON) promises to become an Ethereum-like ecosystem with applications, services and a store for digital and physical goods. The new product is going to be integrated to the Telegram app.
Telegram plans to raise around $1.6 billion before its TON token sale becomes publicly available. Telegram’s offering was already the largest ICO ever, dwarfing the previous record of $232 million, set by Tezos.
However, the team behind the project is still far from turning the idea into reality. “It’s one thing to build a message app and another to revolutionize the internet with blockchain in every phone,” reports the media.
Moreover, the instantly generated user base may disappear. Telegram has to create its platform, make it user-ready in a short time and provide functionality, without disrupting its user base in the transition.
In January, 130-year-old Eastman Kodak announced the launch of its own digital currency, based on the platform that works on blockchain technology. Along with an image rights management platform KODAKOne, the company introduced a virtual token, KODAKCoin, aimed at protecting photographers’ digital rights using blockchain.
The project reportedly looks attractive due to the company’s fine reputation. “The hashing of the photographs could be almost instantaneous (a word with a history of its own in photography). Combine that with the most futuristic, internet-connected digital cameras, and it could prove an invaluable tool to professionals and amateurs alike,” CoinStaker reports.
At the same time, Kodak had some fails in the past, especially when it came to adapting to the digital sphere. If the firm fails to rewrite history, the project may become a “poorly managed and all around clumsy” photography platform.
Cointed, a major crypto ATM provider and exchange, is motivated by the principle that access to virtual currencies should be as easy as possible. The Cointed token, CTD, facilitates acquisition of the ATMs. This ICO doesn’t look like a scam or bubble, as the firm already has a wide net of devices operating in Austria and is quite safe as regards tech and management.
Crypto ATMs are newcomers in the fintech, where tariffs and costs are intolerable. If Cointed’s ICO can change this situation, the cryptocurrencies could transform the world of financial technologies.
Risks of investing in this ICO could stem from a probable crackdown by governments across the world, or at least a move to impose some restrictions on crypto ATMs. In such a circumstance, the company’s plans to take their business international may be doomed to failure.
Russia’s AgroTech Farming specializes in automated indoor grower appliances. The company has developed and built a special appliance to grow vegetables indoors. This homegrower is app-controlled and comes in two configurations: strawberry, which is made to grow three different small crops, and cannabis, suitable to grow a tall crop.
Via an ICO, the company plans to raise funds for expanding the business into Canada and the US, where the market space for medicinal and recreational cannabis, as well as growing need for organic food, means an increasing demand for AgroTech’s product. The token, ATF, will provide investors with discounts for buying and shipping the appliances, as well as the possibility of conversion to shares.
The main risks are connected with high prices for the company’s equipment. Also, cannabis is not legalized everywhere, so it could be difficult to expand the business.
Swiss company Envion operates a global and highly profitable, decentralized crypto-mining platform. The Envion’s token, EVN, is focused on people who can mine by concentrating on the niche markets that will offer cheap, oversupplied and renewable energies. The company is planning to distribute mobile mining devices able to make use of the cheap energy, generating usable heat and mining crypto. It is one of the top ten ICOs, with over $60 million raised from 23,000 investors.
However, EVN is hard to get and that makes it less attractive, despite all the eco-friendliness. Unlike most tokens, users have to provide personal data and some documentation. At the same time, shipping and manufacturing costs could be problematic, and bigger starting investment may be required. That’s why the company should rely more on professional users, who are ready to contribute financial resources and time.
Transparent Exchanges are the Future of Bitcoin
Money was originally envisaged as a unit of exchange, a measure of value and a store of wealth.
But in the modern world those original goals have been replaced as governments print money to cover their spending, they manipulate interest rates and fx rates for domestic and international trade purposes and the money that the individual has suffers as a consequence.
The idea of the citizens of a nation benefiting from the growth of the economy is not socialism, it is a core value of capitalism, but politicians have hijacked that growth, that wealth now sits with a small number corporations and institutions as barriers to entry and government regulation forces small business to the curb and crushes individuals.
Not at GBiT
A GBiT there is an initial round of tokens, smart contracts built on blockchain, that initial amount is final, it can only grow via forks, no new issue will ever be made.
Tax evasion and money laundering are not going to be accepted by Governments around the world and the true future of Cryptocurrency is not dependent on criminals and money launderers, some crypto houses like G-BiT have seen the writing on the wall and build a system that is compliant with international Anti Money Laundering and Tax Laws.
There is no doubt some CryptoCurrencies with fail, some will be scams, and some will live on to change the very nature of money and wealth, no wonder the old dudes are scared.
CryptoCurrencies is not about Tax Evasion or Money Laundering, real hardcore fundamental CryptoCurrency Exchanges like G-BiT have seriously tackled the Money Laundering and Tax issues, that’s why they have such a bright future. While the Establishment still wants you to be hit with heavy fees and delays sending money around the world the reality is that is legalized theft built in to the Banking Sector and is not a product of cost or reality, CryptoCurrencies have proven that!
Dominant digital currency bitcoin should not be allowed to become the Swiss bank account of the modern era used to hide illicit activity, Treasury Secretary Steven Mnuchin said Friday.
Mnuchin pledged to work with other governments, including within the Group of 20, which includes the world’s major economies, to monitor the activity of those who invest heavily in the cryptocurrency.
“One of the things we will be working with the G20 on is making sure that this doesn’t become the Swiss numbered bank account,” he said at a conference, referring to the famously secretive accounts used by some to hide ill-gotten gains.
“We want make sure that bad people can’t use this currency to do bad things.”
US rule require banks to have information on customers with bitcoin accounts to try to prevent money laundering and other illicit activity.
Mnuchin acknowledged that some central banks were looking into the possibility of creating digital currencies instead of issuing cash, but said the US Federal Reserve was not yet considering such a move.
Asked about the possibility that Russia would create its own virtual currency to escape financial sanctions, Mnuchin said “I don’t think that’s a concern.”
Traditional payment solutions like bank transfers and payments with banking cards have significant drawbacks: high commission rates up to 7%, time-consuming money transfer to the bank account. More over, they are centralized.
It creates threats of blockings and defaults. FINZsolves all these problems!
Financial Instrument Trading through Investment Banks – Sales and trading is one of the key functions of an investment bank. The term refers to the various activities relating to the buying and selling of securities or other financial instruments. Typically an investment bank will perform these tasks on behalf of itself and its clients.
FX Trading – The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. … It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
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FINZ Additional services
FINZ platform is designed to create an ecosystem for implementation of various financial and non-financial services.
Also it makes a base for usage of FINZ Tokens.
Businesses and their customers will be able to use the additional services created around FINZ payment gate.
Got questions on Bitcoin, Ethereum, Ripple or BitConnect? G-BiTX has the answers, the company has launched a channel on Telegram to help people navigate the world of CryptoCurrencies.
Join the Channel Now, Click Here
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