What Is an ICO in Cryptocurrency?

Over the past year, the cryptocurrency market has received a series of heavy blows from the Chinese government. The market took the hits like a warrior, but the combinations took a toll on many cryptocurrency investors. The market’s lackluster performance in 2018 pales in comparison to its stellar 1,000-percent gains in 2017.

What happened?

Since 2013, the Chinese government has taken measures to regulate cryptocurrency, but nothing compared to what was imposed in 2017. (See this article for a detailed analysis of the official notice issued by the Chinese government)

2017 was a landmark year for the cryptocurrency market with all the attention and growth it achieved. Extreme price volatility has forced the Central Bank to adopt more extreme measures, including banning Initial Coin Offerings (ICOs) and restricting domestic cryptocurrency exchanges. Soon after, mining factories in China were forced to close due to excessive electricity consumption. Many exchanges and factories moved overseas to avoid regulations but remained accessible to Chinese investors. However, they are still unable to escape the clutches of the Chinese dragon.

In the latest in a series of government-led efforts to monitor and ban cryptocurrency trading among Chinese investors, China has expanded its “Eagle Eye” to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of transacting with foreign crypto exchanges and related activities are subject to measures ranging from restricting withdrawal limits to account freezes. There are even ongoing rumors among the Chinese community of more extreme measures being imposed on foreign platforms that allow trading between Chinese investors.

“As for whether there will be further regulatory measures, we will have to wait for orders from higher authorities. Excerpts from an interview with the team leader of the China Public Information Network Security Supervision Agency under the Ministry of Public Security, February 28

WHY WHY WHY!?

Imagine your child investing their savings to invest in a digital product (in this case cryptocurrency) whose authenticity and value he or she has no way of verifying. He or she may get lucky and become rich or lose everything when the crypto-bubble bursts. Now scale that to millions of Chinese citizens and we’re talking billions of Chinese Yuan.

The market is full of scams and pointless ICOs. (I’m sure you’ve heard news stories about people sending coins to random addresses with the promise of doubling their investments and ICOs that just don’t make sense). Many clueless investors are in it for the money and could care less about the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the cryptocurrency boom of 2017, participate in any ICO with a famous advisor on board, a promising team or decent hype and you are guaranteed at least 3x your investment.

A lack of understanding of the firm and the technology behind it combined with the proliferation of ICOs is a recipe for disaster. Central Bank members report that almost 90% of ICOs are fraudulent or involve illegal fundraising. In my opinion, the Chinese government wants to ensure that cryptocurrency remains “controllable” and is not too big to fail in the Chinese community. China is taking the right steps towards a safer, more regulated cryptocurrency world, albeit an aggressive and controversial one. In fact, it might be the best move the country has made in decades.

Will China issue an ultimatum and make cryptocurrency illegal? I highly doubt it as it’s pretty pointless to do. Financial institutions are currently prohibited from holding any crypto assets, while individuals are permitted but prohibited from conducting any form of trading.

A Government Cryptocurrency Exchange?

At the annual “Two Sessions” (so-called because two major parties, the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPCC) participate in the forum held in the first week of March, leaders gather to discuss latest issues and make the necessary changes in the law.

Wang Pengjie, a member of the NPCC, deals with the prospects of a state-owned digital asset trading platform, as well as initiates blockchain and cryptocurrency education projects in China. However, the proposed platform will require an authenticated account to allow trading.

“With the establishment of related regulations and the cooperation of the People’s Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC), a regulated and efficient cryptocurrency exchange platform will serve as a formal way for companies to raise funds (through ICOs) and investors to hold their digital assets and achieve capital appreciation” Excerpts from Wang Pengjie’s presentation in both sessions.

The Journey to a Blockchain Nation

Governments and central banks around the world are struggling to cope with the growing popularity of cryptocurrencies; but one thing is for sure, everyone has embraced blockchain.

Despite the crackdown on cryptocurrency, blockchain is gaining popularity and acceptance on various levels. The Chinese government is supporting blockchain initiatives and embracing the technology. In fact, the People’s Bank of China (PBoC) is working on a digital currency and has made fake transactions with some of the country’s commercial banks. It is not yet confirmed whether the digital currency will be decentralized and offer cryptocurrency features such as anonymity and immutability. It wouldn’t be a surprise if it turns out to be just a digital Chinese yuan, given that anonymity is the last thing China wants in its country. However, created as a close substitute for the Chinese yuan, the digital currency will be subject to existing monetary policies and laws.

The governor of the People’s Bank of China, Zhou Xiaochuan. Source: CNBC

“Many cryptocurrencies have seen explosive growth, which could lead to a significant negative impact on consumers and retail investors. We don’t like (cryptocurrency) products that take advantage of the huge speculation opportunity that gives people the illusion of getting rich overnight” Excerpts from Zhou Xiaochuan’s Interview on Friday, March 9.

In a media appearance on Friday, March 9, People’s Bank of China Governor Zhou Xiaochuan criticized cryptocurrency projects that take advantage of the crypto-boom to make money and fuel market speculation. He also noted that the development of digital currency is “technologically inevitable”

At the regional level, many Chinese cities are driving blockchain initiatives to promote growth in their region. Hangzhou, famous for being the headquarters of Alibaba, has declared blockchain technology as one of the city’s top priorities in 2018. The local government in Chengdu city has also been proposed to build an incubation center to promote the adoption of blockchain technology in financial services. the city.

Local conglomerates such as Tencent and Alibaba have also partnered with blockchain firms or initiated projects on their own. Blockchain firms such as VeChain have also secured multiple partnerships with Chinese firms to improve supply chain transparency in China.

All clues point to the fact that China is working towards a blockchain nation. China has always had an open mentality towards emerging technologies such as mobile payments and artificial intelligence. From now on, it is without a doubt that China will be the first blockchain-enabled country. Will we see the Chinese government back down and allow its citizens to trade again? Probably when the market has matured and is less volatile, but definitely not in 2018.

The background

Initial coin offerings on blockchain platforms have painted the world red for tech startups around the world. A decentralized network that can distribute tokens to users backing an idea with money is both revolutionary and rewarding.

Profit-spinning Bitcoin proved to be an “asset” for early investors, giving multiple returns in 2017. Cryptocurrency investors and exchanges around the world jumped at the opportunity, which gave them huge returns, leading to the rise of numerous online exchanges. Other cryptocurrencies such as Ethereum, Ripple and other ICOs have promised even better results. (Ethereum grew by more than 88 times in 2017!)

While international commodity organizations brought millions of dollars into the hands of start-ups within days, the ruling governments initially chose to keep an eye on the fastest fintech development ever, which had the potential to raise millions of dollars in a very short period of time.

Countries around the world are considering regulating cryptocurrencies

But regulators have grown wary as the technology and its underlying effects have gained traction, as ICOs have begun to consider billions of dollars worth of funds — also on proposed plans written in white papers.

In late 2017, governments around the world jumped at the chance to intervene. While China has banned cryptocurrencies entirely, the SEC (Securities and Exchange Commission) in the US has highlighted the risks they pose to vulnerable investors and proposed treating them as securities.

A recent cautionary statement from SEC Chairman Jay Clayton issued in December cautioned investors by mentioning,

“Please also note that these markets span national borders and that significant trading may occur on systems and platforms outside of the United States.” Your invested funds can quickly travel abroad without your knowledge. As a result, risks may be increased, including the risk that market regulators, such as the SEC, may not be able to effectively prosecute bad actors or recover funds.”

This was followed by India’s concerns, with Finance Minister Arun Jaitley in February saying that India does not recognize cryptocurrencies.

A circular sent by the Reserve Bank of India to other banks on April 6, 2018, asked banks to sever ties with companies and exchanges involved in cryptocurrency trading or transactions.

In the UK, the FCA (Financial Conduct Authority) announced in March that it had formed a cryptocurrency task force and would take help from the Bank of England to regulate the cryptocurrency sector.

Different laws, tax structures in different nations

Cryptocurrencies are primarily coins or tokens launched on a cryptographic network and can be traded globally. While cryptocurrencies have more or less the same value around the world, countries with different laws and regulations can provide different returns for investors who may be nationals of different countries.

Different laws for investors from different countries would make calculating returns a tedious and cumbersome exercise.

This would involve investing time, resources and strategies, causing unnecessary prolongation of processes.

The solution

Instead of many countries creating different laws for global cryptocurrencies, there should be the constitution of a single global regulatory body with laws to apply across borders. Such a move would play an important role in improving legal cryptocurrency transactions around the world.

Organizations with global purpose like UN (United Nations), World Trade Organization (WTO), World Economic Forum (WEF), International Trade Organization (ITO) are already playing an important role in uniting the world on various fronts.

Cryptocurrencies were created with the basic idea of ​​transferring funds around the world. They have more or less similar value in the exchanges except for the minor arbitrage.

A global regulatory body to regulate cryptocurrencies worldwide is the need of the hour and can establish global rules to regulate the latest way of funding ideas. Currently, each country is trying to regulate virtual currencies through laws that are in the process of being drafted.

If the economic superpowers with other countries can build a consensus to introduce a regulatory body with laws that know no national boundaries, then this will be one of the biggest breakthroughs towards designing a crypto-friendly world and will encourage the use of one of the most -transparent financial technology system ever - blockchain.

A universal regulation consisting of subsections related to cryptocurrency trading, refunds, taxes, penalties, KYC procedures, exchange-related laws and penalties for illegal hacks can give us the following advantages.

1. It can make calculation of profits extremely easy for investors worldwide as there will be no difference in net profits due to uniform tax structures

2. Countries around the world can agree to share a certain portion of profits as taxes. Therefore, the states’ share of taxes collected will be the same throughout the world.

3. It can save the time required to set up multiple committees, draft bills followed by deliberations in the legislative arena (such as the Parliament in India and the Senate in the US).

4. You don’t need to go through the strict tax laws of every country. Especially those involved in multinational trade.

5. Even companies offering tokens or ICOs will comply with the said “international law”. Therefore, calculating the income after tax would be easy for companies

6. A global structure will require more companies to come up with better ideas, thus increasing job opportunities around the world.

7. The law could be aided by an international watchdog or regulatory body for global currencies, which could have the power to blacklist an ICO offering that doesn’t adhere to the norms.

These are not all the advantages when it comes to a law to govern cryptocurrencies around the world. There are certain disadvantages as well.

Getting the world’s financial leaders to come together and draft a law could take time. Discussions and bringing them to consensus can be challenging

1. Countries or economies providing tax-free structures may not agree to adopt the law that provides for a universal tax policy

2. Global watchdog or regulatory intervention in monitoring ICO-related regulatory developments may not go down well with some countries

3. Universal law can cause the world to split into factions. Countries that do not support cryptocurrency like China may not be part of it.

4. The law may be a figment of the imagination of economically powerful nations who could design it to suit their best interests.

5. This law will be centralized with a global regulatory body unlike cryptocurrencies which are decentralized in nature.

Conclusion

The world was together for the better. Whether it’s creating a peaceful world after World War II or uniting for better trade laws and treaties.

The International Trade Organization (ITO), the World Trade Organization and the World Economic Forum have some of the best minds defining the global economy.

They can come together and be part of a body that will determine the economic prosperity of the world. They will help draft global cryptocurrency norms and may be part of the regulatory body that will be a guide and beacon for thousands of ICOs around the world for the better. This may take time initially, but it will make things easier for later times.

Instead of all the information, the necessary part of the information in this world of modernized Cromacoin technology usually works in the widespread public ledger known as Blockchain, where all confirmed transactions. Entire ways that users are aware of each transaction avoid stealing and spending the same currency within the specified time. This process also supports Blockchain as it is reliable for relevant content. Cromacoin is one of the excellent digital currencies that is stepping up to match the better digital currency exchanges.

Where to store the tokens of your new ICO after delivery?

There are various applications that one needs to use while getting new ICO tokens, some of the vital key elements are visualized below for a better look:-

• Complete customer satisfaction – This is an email server that meets without dependence on third-party servers. It also controls the entire transaction from start to finish.

• Trivial Clients – The mandatory vital part of the server certainly relies on the satisfaction of the client as everyone gets access to the network for the highest transactions.

• Web Clients – This is the opposite of the full client, which resembles a fully dependent third-party server and performs entire transactions instantly.

Where can you find Cromacoin?

To develop with this digital cryptocurrency exchange, one can first buy Cromacoin from the steps included below:-

• Cryptocurrency exchanges where you can exchange regular new ICO tokens.

• One can find a vendor or simply through a SING UP process available for the procedural module.

• After registration, Cromacoin is valuable to customers for better investment plans.

Enter important credentials to get highway service on your account through the REGISTRATION process.

• It is recommended to use a strong long password with a mixture of letters, alphabets and other special characters.

• One will be able to find information about the product in our white paper which offers a highly reliable piece of information quickly.

• Get a proper financial statement as ICOs can be launched with crowdfunding.

• Companies that use ICOs at an earlier stage for traditional business acquire a white paper, which is the most likely problem.

One needs explanations about Cromacoin just by studying the white paper on the ICO.

• Get cryptocurrency ratio along with procedural modules in accordance with digital currency exchange.

Where are your tokens? Learn more from certain rated information

First, it is important to bring tokens for your ICO which is related to your available tokens according to needs and requirements. It may suffer part of the project, considering a reliable project that can be submitted for Cromacoin analysis. It is recommended to deposit your new ICO tokens where the tokens are actually bare and help your new token multiple times.

• Set up a coin and participate in an ICO to buy tokens.

• The need for a wallet that supports purchasing tokens.

• Participate in ICO to buy Cromacoin tokens.

• Send ETH to purchase a token and one will be associated with the wallet’s private key.

• Get some information to achieve with Cromacoin.

• Submit ETH address for ICO and offer tokens continuously.

• Do not ask for a deposit that the wallet supports for a new token or someone can access your new ICO tokens on the Blockchain with appropriate security policies enabled.

How to import ICO tokens to a supported wallet?

If someone has a contract token address, they can import tokens into the wallet. Likewise, our wallet has the ability to store numerous tokens considering the accuracy of all conditions, precision along with efficiency that play a vital role in improving business productivity. Our wallet is covered by a unique wallet address, which is thus only sent by token input.

In the first edition of CRYPTO TREND, we introduced Crypto Currency (CC) and answered several questions about this new market space. There is a lot of NEWS in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:

The world’s largest futures exchange to create a bitcoin futures contract

Terry Duffy, president of the Chicago Mercantile Exchange (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] listing agreement. You can’t mine bitcoins today, so there’s only one way. You either buy it or sell it to someone else. So you create a two-sided market, I think it’s always much more efficient.”

CME intends to launch bitcoin futures by the end of the year pending regulatory review. If successful, it would give investors a viable way to go “long” or “short” Bitcoin. Some sellers of exchange-traded funds have also filed for bitcoin ETFs that track bitcoin futures.

These developments have the potential to allow people to invest in the cryptocurrency space without owning CC directly or using the services of a CC exchange. Bitcoin futures can make the digital asset more useful by allowing users and intermediaries to hedge their currency risks. This could increase adoption of the cryptocurrency by merchants who want to accept Bitcoin payments but are wary of its volatile value. Institutional investors are also used to trading regulated futures, which are not plagued by money laundering concerns.

CME’s move also suggests that Bitcoin has become too big to ignore, as the exchange seemed to shut out crypto futures in the recent past. Bitcoin is pretty much all anyone is talking about at brokerages and trading firms, which have suffered amid rising but unusually calm markets. If one exchange’s futures take off, it will be nearly impossible for another exchange, such as the CME, to catch up, as scale and liquidity are important in derivatives markets.

“You can’t ignore the fact that this is increasingly becoming a story that’s not going to go away,” Duffy said in an interview with CNBC. There are “core companies” that want access to bitcoin and there is “tremendous pent-up demand” from customers, he said. Duffy also believes that introducing institutional traders to the market could make Bitcoin less volatile.

A Japanese village will use cryptocurrency to raise capital for municipal revitalization

The Japanese village of Nishiawakura is exploring the idea of ​​holding an initial coin offering (ICO) to raise capital to revitalize the municipality. This is a very new approach and they can ask for support from the national government or seek private investment. Several ICOs have had serious problems and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin was certainly no joke.

INITIAL COIN OFFERING – ( ICO )

We didn’t mention ICO in the first edition of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO), where a company has an actual product or service to sell and wants you to buy shares in its company, an ICO can be held by anyone who wants to initiate a new blockchain project with the intention of creating a new token on their chain. ICOs are unregulated and several are outright fake. However, a legitimate ICO can raise a lot of money to fund a new blockchain project and network. It’s typical for an ICO to generate a high token price near the beginning and then go back down to reality soon after. Since an ICO is relatively easy to get hold of if you know the technology and have a few dollars, there have been many and today we have about 800 tokens in play. All these tokens have a name, they are all crypto currency and except for the very well known tokens, such as Bitcoin, Ethereum and Litecoin, they are called altcoins. Currently, Crypto Trend does not recommend participating in ICOs as the risks are extremely high.

As we said in issue 1, this market is the “wild west” right now and we advise caution. Some investors and early adopters have made big profits in this market space; however, there are many who have lost much or everything. Governments are considering regulations as they want to know about every transaction in order to tax everyone. They are all heavily in debt and penniless.

So far, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology has the potential to solve many more problems.

A great feature of Bitcoin is that the creators have chosen a finite number of coins that can ever be generated – 21 million – thus ensuring that this crypto coin can never be inflated. Governments can print as much money as they want (fiat currency) and inflate their currency to death.

Future articles will look at specific recommendations, but make no mistake, early investing in this sector will only be for your most speculative capital, money you can afford to lose.

CRYPTO TREND will be your guide if and when you are ready to invest in this market space.

Stay on the line!

Important: This post should not be considered investment advice. The author focuses on the best coins in terms of actual usage and adoption, not from a financial or investment perspective.

In 2017, crypto markets set the new standard for simple profits. Almost every piece or chip made incredible returns. “A rising tide floats all boats,” as the saying goes, and the end of 2017 was a deluge. The price increase created a positive feedback loop that attracted more and more capital into Crypto. Unfortunately, but inevitably, this galloping market leads to huge investments. Money was thrown indiscriminately into all sorts of dubious projects, many of which would fail.

In the current bearish environment, hype and greed have been replaced by critical appraisal and caution. Especially for those who have lost money, marketing promises, endless shillings and charismatic speeches are no longer enough. Well, the main reasons to buy or hold a coin are again paramount.

Key Factors in Cryptocurrency Valuation-

There are some factors that tend to dominate the hype and price pumps, at least in the long run:

Adoption angle

Although a cryptocurrency technology or ICO business plan may seem surprising without users, they are simply dead projects. It is often forgotten that broad acceptance is a fundamental characteristic of money. In fact, it is estimated that over 90% of Bitcoin’s value is a function of the number of users.

While the adoption of fiat is mandated by the state, the adoption of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.

Security

Decentralization is essential to the I push model of a true cryptocurrency. Without decentralization, we have a bit closer to a Ponzi scheme than a true cryptocurrency. Trust in individuals or institutions is the problem that cryptocurrency tries to solve.

If dismantling a coin or a central controller can change the transaction record, it calls into question its basic security. The same goes for parts with unproven code that haven’t been thoroughly tested over the years. The more you can count on the code to function as described, regardless of human influence, the more secure the coin is.

Innovation

Valid coins strive to improve their technology, but not at the expense of safety. True technological progress is rare because it requires a lot of expertise and also wisdom. While there are always fresh ideas that can be screwed up, if this makes vulnerabilities or critics of a coin’s original purpose, it misses the point.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if a currency code is stagnant or not receiving updates that address important issues, it may be a sign that the developers are low on ideas or motivation.

Incentives

The economic incentives inherent in currency are easier for the average person to perceive. If a coin has had a large pre-mining or ICO (initial part offering), the team has held a significant share of chips, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 Cryptocurrencies to Buy in 2018

There has never been a better time to reassess and rebalance a crypto portfolio. Based on their solid foundation, here are five pieces that I think are worth holding on to or perhaps buying at their current depressed prices (which, just a warning, may drop lower).

#1. Bitcoin (because of its decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, the most security (due to the phenomenal power consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be relevant), and the most from development is active and rational. It is also the only piece to date that has been introduced to traditional markets in the form of Bitcoin futures trading on the US CME and CBOE.

Bitcoin remains the main driver; The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most if not all other parts will widen.

Bitcoin has several promising innovations that will soon be installed as additional layers or soft forks. Examples are the Flash (LN) system, wood, Schnorr signatures Mimblewimbleund many more.

Specifically, we plan to open up a new range of applications for Bitcoin as it enables large-scale microtransactions and instant and secure payouts. LN is increasingly stable as users test their various options with real bitcoins. As it becomes easier to use, it can be assumed that it will greatly benefit from the adoption of Bitcoin.

#2. Litecoin (due to its sustainability)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the anonymity technology of Bitcoin, incredible reports indicate that the adoption of Litecoin in the dark markets is now second only to bitcoin. Although it is a currency that I have much better suited to the role of acquiring illegal goods and services, perhaps this is presented as a result of Litecoin’s longevity: It was launched in late 2011.

Another factor in Litecoin’s favor is that it integrates the Bitcoin SegWit technology, which means that Litecoin is LN-ready. Litecoin could benefit from an atomic chain exchange. In other words, secure peer-to-peer trading of currencies without the involvement of third parties (i.e. exchanges). Because Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to benefit from Bitcoin’s technical progress.

#3. Ethereum (due to smart contracts)

Ethereum (ETH) has some big problems right now. First of all, governments crack down on ICOs, and rightly so: many have turned out to be either fraudulent or bankrupt. Since most icos run on the Ethereum network as an ERC token 20, the ICO craze has brought a lot of value to Ethereum in recent years. If proper rules are taken to protect investors, Ethereum project scams can claim some legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid battery operation and detection system. The Ethereum mining GPU is currently profitable, but Bitmain just announced an Ethereum ASIC minor, which will likely have an impact on GPU miners’ bottom lines. Whether this will change the POW and how successful that change will be remains to be seen.

If Ethereum manages to survive, these two main issues – regulation and mining – will show great resilience. Otherwise, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc.), Cardano (ADA), and EOS.

#4. Monero (because of its anonymity)

Although its adoption in the dark markets is not all that one might expect, I (XMR) remains the privacy of the Prime Minister. Its reputation and market cap are still above those of its rivals – and for good reason.

Monero’s code requires less trust than Zcash’s “loyal” key ceremony and had an honest start, unlike Dash. That Monero recently changed its Pow to defeat the development of a small ASIC for its algorithm confirms the commitment of the mining decentralization part. A significant drop in hashing speed is due to the new version constantly reporting against the ASIC. This could also be an opportunity for GPUs and even secondary processors to contact me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

#5. iPRONTO (Decentralized Incubation Platform)

iPRONTO is an incubation platform Ethereum chain dedicated to investors who are looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from users, experts in the field about the practice and application of derived ideas.

Innovators’ ideas are supported as the NES in Smart Contract format will be signed between the expert platform and the client if the client’s business idea is before the committee for review and registration on the platform. The idea will not be published to all users of the chain’s public platform, but only to selected members of the target community who are willing to sign the Smart contract to keep the idea confidential.

The Sovereign Individual ~ by James Dale Davidson and William Rees Morgue

The Sovereign Individual is one of those books that forever changes the way you see the world. It was published in 1997, but the extent to which it predicts the impact of blockchain technology will give you chills. We are entering the fourth stage of human society, moving from the industrial to the information age. You need to read this book to understand the scope and scale of how things will change.

As it becomes easier to live comfortably and earn income anywhere, we now know that those who will truly thrive in the new information age will be location-independent workers who are not tied to one job or career . The appeal of choosing where to live based on savings is already more appealing, but this goes beyond digital nomadism and freelance gigs; the foundations of democracy, government and money are shifting.

The authors predicted Black Tuesday and the collapse of the Soviet Union, and here they predict that the increasing power of individuals will coincide with decentralized technology eating away at the power of governments. The death toll for nation-states, they predicted with extraordinary foresight, would be private, digital money. When that happens, the dynamic of governments as immovable bandits robbing hard-working citizens of taxes will change. If you have become a person who can solve problems for people all over the world, then you are about to enter the new cognitive elite. Don’t miss this one.

Choice quote: “When technology is mobile and transactions take place in cyberspace, as they increasingly will, governments will no longer be able to charge more for their services than they are worth to the people who pay for them.”

Sapiens: A Brief History of Humanity ~ by Yuval Noah Harari

Whenever I want to impress upon someone how good this book is, I ask, “Do you want to know the fundamental difference between humans and monkeys? A monkey can jump up and down on a rock and wave a stick around and shout to its friends that it has seen a threat coming towards them. “Danger! Danger! A lion!” A monkey can lie too. She can jump up and down the cliff and wave a stick around and yell about a lion when there really isn’t a lion. He’s just going crazy. But what a monkey can’t do is jump up and down and wave a stick around and yell, “Danger! Danger! A dragon!”

Why is that? Because dragons aren’t real. As Harari explains, the human imagination, our ability to believe and talk about things we’ve never seen or touched, is what has elevated the species to cooperate in large numbers with strangers. There are no gods, no nations, no money, no human rights, no laws, no religions, and no justice in the universe beyond the collective imagination of human beings. We are the ones who make them so.

It’s all a pretty magnificent preamble to where we are today. After the Cognitive Revolution and the Agricultural Revolution, Harari points you to the Scientific Revolution, which began only 500 years ago and which could usher in something completely different for humanity. However, the money will remain. Read this book to learn that money is the greatest story ever told, and that trust is the raw material from which all kinds of money are forged.

Choice quote: “In contrast, Sapiens live in a three-layered reality. Besides trees, rivers, fears and desires, the world of Sapiens also contains stories of money, gods, nations and corporations.”

The Internet of Money ~ by Andreas M. Antonopoulos

If the two books mentioned above help us understand the historical context in which Bitcoin first appeared, this book expands on the “why” question with infectious enthusiasm. Andreas Antonopolous is perhaps the most respected voice in the crypto space. He has been traveling the world as a Bitcoin evangelist since 2010 and this book is a compilation of the talks he gave on the chain between 2013 and 2016, all prepared for publication.

His first book, Mastering Bitcoin, is a deep technical dive into the technology aimed specifically at developers, engineers, and software and systems architects. But this book uses some choice metaphors to explain why you can’t ban Bitcoin or shut it down, how the scaling debate doesn’t really matter, and why Bitcoin needs the help of designers to lock in mass adoption.

“When you first drive your brand new car in a city,” he writes, “you are driving on roads used by horses, with infrastructure designed and used for horses. There are no light signals. There are no traffic rules. There are no paved roads. And what happened? Cars got stuck because they lacked balance and four legs.” But fast-forward a hundred years, and cars that were once ridiculed are the absolute norm. If you want to dive into the philosophical, social, and historical implications of Bitcoin, this is your starting point.

Choice quote: “Bitcoin isn’t just money for the internet. Yes, this is the perfect money for the internet. They’re instant, they’re safe, they’re free. Yes, it’s internet money, but it’s so much more. Bitcoin is the internet of money. Currency is just the first application. If you understand that, you can look beyond price, you can look beyond volatility, you can look beyond fashion. At its core, Bitcoin is a revolutionary technology that will change the world forever. Come join.”

Bitcoin, the most popular cryptocurrency in existence, is now considered one of the most popular investments. But did you know that this has led to many new Bitcoin scams? Yes, this is the truth and unfortunately you can be a part of it if you don’t know anything about these scams. This article gives you information about all the types of Bitcoin scams that exist.

These are the types of Bitcoin scams that exist –

Phishing scams

Always be on the lookout for phishing scams. Phishing attacks are certainly a favorite among hackers and fraudsters. In a phishing attack, the victim usually impersonates a service, business, or individual simply by email or other text communication, or by hosting a fake and manipulative website that looks like the real thing. The goal is always to trick the victim into revealing their personal tips or sending bitcoin to an address that the particular scammer owns.

These types of emails often look legitimate, but are fake in nature.

Fake exchanges

Certainly one of the least difficult ways to scam investors is to pretend to be an internet marketing branch of a good and legitimate business. Well, that’s exactly what scammers do in the Bitcoin discipline.

There are many such exchanges and they pretended to be a place to exchange and trade bitcoins, but they ended up being scams. Thus, many exchanges have cheated people out of their money by simply pretending to be a new reputable and legitimate cryptocurrency exchange.

Fake ICOs

Along with the increase in businesses supporting blockchain, fake ICOs have shot up in popularity as a way to support these types of new companies. However, given the unregulated nature of Bitcoin itself, the door is wide open for all kinds of fraudulent activity.

The majority of ICO scams have occurred by luring investors to commit to either fake ICO websites using fake Bitcoin or other crypto wallets, or posing as real cryptocurrency-based companies.

Many have already been accused of such abuses, so it is better to check such wallets before you actually decide to put your money in them.

Huge returns

If you are in the trading industry, you must have known by now that huge returns are simply not possible when it comes to Bitcoin trading or crypto trading in general. Hence, when a broker tries to give you a promise that your money will be doubled within a certain period of time, then the best option in such cases would be to stay away from such brokers as much as you can. They’ll just take your money and run away, leaving you with nothing but grief and remorse.

ICO Details:

An ICO (Initial Coin Offering) is a genuine utility token based on ERC20 (Ethereum) that is offered by its investors in the crowdsale, complete with various features. Flexion token holders will get exclusive benefits like revenue. The system will save the FXN Balance wallet data every month on date. And the user will share the revenue based on the balance stored in the Flexion token in the Flexion Exchange wallet. Based on the token earnings, the system will credit the balance in your reward wallet.

Why you should buy flex tokens

Flexion represents a solid investment opportunity for investors looking to accumulate wealth over a period of time. This is not a get-rich-quick scheme or an overnight money-making opportunity. Investors who buy tokens and hold them long-term will achieve outstanding results and returns on their investment.

An experienced management team with experience in running a successful company.

All traders ask for minimal trading fees. We have no trading fee.

24 hour customer support.

Token details

The Flexion Token (FXN) is built with an ERC20 token based on the Ethereum blockchain technology. Flexion (FXN) supports all Ethereum wallets.

About the FLEXION exchange

We provide 0% trading fee at the time of launch of the exchange. A customer who buys 100k FLEXION tokens will get 50% trading fee and this will be permanent.

Forex trading will be provided on the FLEXION exchange. The client will get a trading platform with 500 tokens. The minimum amount to buy Flexion Tokens will be 500 FXN and after that you will be able to use Ethereum to buy Flexion Tokens. In each new phase it will increase.

We strive to provide a fast and secure trading experience to our clients in BTC, ETH and FXN

Token Allocation:

ICOs: 53%

Reserve: 30%

Presale: 5%

Bonus distribution: 5%

Team: 5%

Sign Up / Referral Program: 2%

Solutions

We provide 1/2 trading fee compared to other exchanges.

We support fiat currencies on one platform.

We have reduced coin listing fees by up to 80% compared to other exchanges.

A first-time customer who purchased 100,000 tokens in a pre-sale will receive a 50% discount on trading fees for life

Customer is very valuable to us and we provide 20% profit to our customers.

We also provide 24×7 customer support

Features of Flexion Exchange

Flexion is a digital currency exchange, we provide 0% trading fee for 6 months during the launch of the exchange

A user who buys 1 lakh flex tokens will get 50% trading fee and this will be the permanent

Flexion Exchange provides cryptocurrency trading with Forex trading.

Share for token holder

Complete privacy system

We use the latest technology in our cryptocurrency trading platform

A unique operating system

A user can do one million transactions per second

We provide highly leveraged futures trading.

User can track digital as well as fiat currency.

Get 50% trade discount for first link.

Customer will get 24×7 customer support.