What is an ICO and how does it work?

The ICO has proven to be a revolutionary way to make money for many companies and projects. ICO can be said to be a mixture of traditional methods and advanced techniques. The first thing to consider here is that investors who invest in an ICO are 100% risk free due to the technology used.

So far, most ICO funds have been raised through Bitcoins (BTC) or Ether (ETH). When an ICO is implemented, the project generates a Bitcoin or Ethereum address to receive funds and then displays it on the relevant website. This procedure is the same as opening a bank account and then showing it to people on a specific website to send money.

An initial coin offer (ICO) is an illegal way to raise mass funding primarily through various cryptocurrencies (in some cases fiat currencies) and is operated by cryptocurrency organizations to obtain the capital funds required to carry out the project. In an ICO, a portion of a recently issued cryptocurrency is sold to investors in exchange for any legal tender or any other cryptocurrency. It can be called a token sale or a crowd sale, which involves receiving an investment amount from investors and providing them with some features related to the project to be started.

An IPO, an initial public offering, is a term associated with an ICO in which investors own shares in a company. While in an ICO, investors buy money that can add value as the company strengthens.

The first token sale, ICO, was made by Mastercoin in July 2013. Ethereum raised money with the ICO in 2014. ICO has received a completely new definition in recent years. It was around in May 2017. 20 offers and Brave’s ICO web browser earned about $ 35 million in just 30 seconds. As of the end of August 2017, 89 ICO coins worth $ 1.1 billion had been sold since January 2017.

Investors send Bitcoin, Ethereum, or any other cryptocurrency to a given address, and in return receive new tokens that can be of great benefit to them if the project is hit.

  • ICOs are mainly conducted for cryptocurrency-based projects based on decentralized technology. Of course, such projects will only force investors who are very interested in the concept of cryptocurrency and are friendly with the technology used.
  • A document belonging to an investor actually remains in the form of a website, white paper or website mail. Some of these documents show the exact details of the project, while others show whether their features were literally falsified to deceive those interested. Therefore, you must pass a quality check before relying on any white paper or electronic document.

6 tips to help you develop your investment strategy when trading BTC

If you want to invest in Bitcoin, make sure you consider many factors. This decision should be based on solid technical evaluation and thorough analysis. You do not want to risk your hard-earned money. Instead, the goal of every investor is to get the maximum return on their investment dollars. Here are some tips to help you improve your investment strategy. Read on for more information.

1: Know the basics

The first step is to make sure you can get a return on your investment, which is only possible if you are familiar with the basics. Sometimes you can make wrong decisions if you do not fully understand the basics.

So, the conditions you need to know include cryptocurrency exchange, secret keys, public keys, wallets and digital coins. Knowing these basic terms is important to make better investment decisions.

2: Be persistent

We often spend a lot of time making important decisions for many reasons. In fact, even experienced investors can make this mistake. It is important to understand that adjusting your strategies to market conditions is paramount. The value of Bitcoin continues to change, which means that you need to change your investment strategy from time to time.

3: Use technology

The concept of digital currency depends on the technology, which means you have to use the technology for your investment decision. For example, you can test automatic bots because they help in cryptocurrency trading. Therefore, there is no need to interfere too much.

These types of tools can help you spend a lot of time and effort in the decision-making process. Therefore, to use them is the stroke of a genius.

4: Consider exchange payments

When it comes to choosing a cryptocurrency exchange, make sure you are selective enough. In fact, different exchanges have different tariff rates, which can have a big impact on ROI. This is important if you are involved in many small trades as each transaction is subject to exchange rules and regulations. Therefore, you should make sure that you choose the best exchange to reduce the fee.

5: Don’t trade

At first, some investors are over-trading. They trade several times a day, which is a serious mistake. You may want to avoid this as the results can be devastating. So you need to take your time and make every trading decision after careful consideration.

6: Consider alternatives

On some avenues, your BTC investment can be quite productive. You may want to choose an alternative that can minimize your risk and maximize your profits. So what you need to do is choose an alternative that involves lower risk and more profitability.

In short, investing in BTC can be quite productive, especially if you follow a careful and measured approach. Therefore, you have learned the basics to make the best decision and compare different alternatives. I hope it helps.

Does your college fund give you the value you expect?

If you have children, you want them to enjoy college life. Not only that, you want your children to go to one of the best schools so that they can learn more and find a better job. In addition, if your child does not have a college fund, it will probably result in indebtedness. With that in mind, there are four things to think about when asking the question, does your college fund give you the value you think you have?

Investment Income: First of all, if you are investing in a college fund, you will want to look at ROI. If it is lower than the general market, you need to reconsider your strategy. For example, if you started investing in 2004 and you don’t meet or beat market averages, you might want to take a look at hwy. Of course, if you put money in a savings account, you will not exceed the market average. However, in the long run, this is a smart strategy, especially if your child is not going to school in a few years. Remember, you don’t want to lose all your money in the market.

Look at the options: No doubt you will want to look at the college fund options. For some people, it is possible to save and allow money into a bank account. Other people will want to look for better options. In fact, if you sit down with a professional, you can find the best college savings plans for kids. Then you can enjoy tax-free savings and many other benefits. If you are just going to spend a lot of time raising money for your children’s education, you will want to look at all your options. Then you will note that you are done and serious mistakes that cost your money.

Real plan: If you are young now and still starting to save money, you will want to look at the future of your children. They will become doctors or go to trade school. While both options are solid, you will want to save according to their wishes and needs. Not only this, when you look at college savings plans for kids, you will want to consider other factors such as student aid and special loans. In either case, when you look at college fund options, you’ll want to come up with a realistic plan. Otherwise, if you don’t, you will damage your children’s long-term future because they can’t go to school or get into the one they want.

Payments: Unfortunately, when you save for college, people will lose money on fees. Banks and other investment companies will often cut too much money from above. When this happens, you literally steal money from your children who will need money for school. You will want to research everything and determine the best course of action to avoid problems. Remember, payments can kill your investments, and you need to analyze them in more depth.

With these four tips, you can help your child make the most of college life. If you do not do this, your child will suffer both short-term and long-term.

The emergence of cryptocurrency and the future of financial transactions

When asked what the birth of cryptocurrency will bring to the financial world, perhaps the first thing that comes to mind is cryptocurrency? But this idea will only come to the minds of people who are not familiar with the available online currencies. However, if you are one of the few but dominant figures who knows cryptocurrencies with your eyes closed, you can answer the question more perfectly.

That is, the real beginning of the confusion existed when bitcoin was introduced to the world and eventually became the most popular and sought-after cryptocurrency. The project was launched primarily to respond to long-standing complaints from people whose money and assets were held by a centralized unit (and often interfered with by the government itself) and whose transfers were limited and frozen in a timely manner. With the advent of Bitcoin, there was an opportunity to get an online coin or currency that many could use in a similar way to fiat money. Although it was tedious and demanding to obtain, many were attracted to it from the outset because many wanted to get out of the hands of a single entity that controlled everything financially.

Gradually, Bitcoin began to gain real monetary value, and new types of cryptocurrencies emerged as a possible response to the problems created by Bitcoin, while at the same time creating their own currencies that limited and could be used by people. difficult to obtain.

Although cryptocurrency is not widely accepted, it has accelerated slowly, and many other businesses now accept it as a form of payment or exchange. The same thing is slowly happening in new cryptocurrencies. Despite the fact that profits are not guaranteed and the software that runs them is open source, many are still trying to get these currencies as another way to invest.

If this combination between technology and finance continues to improve over time, it is not surprising that more and more people will turn their attention to obtaining these coins, and more and more businesses will open up to exchanging and accepting them as real rewards or trades. good and services. As with everything, a slow but steady approach to cryptocurrency can lead to major changes in the way financial is viewed and behaved in the past.

More and more people are opening their minds to the existence and stability of such platforms, and many are trying to get away from the eyes of research of the authorities involved in maintaining and exchanging their assets. The future may look bleak today, but more creative minds are working together to create more flexibility in everything to do with money and money. Who knows, maybe one day fiat money will disappear completely.

The question now is whether the government will allow such big changes that will create its own losses, or whether such things will change the way our government works and thinks.

Should you invest in Bitcoin?

If you are wondering what Bitcoin is and you should invest in it, this article is for you. In 2010, the value of one Bitcoin was only 5 cents. In 2017, it made rapid progress and reached a value of $ 20,000. Again, over the next 24 hours, the price fell to $ 8,000, causing a huge loss to currency owners.

If you are trying to learn more about Bitcoin, reading this can help you. According to statistics, about 24% of Americans know what it is. However, the value of the currency is still more than $ 152 billion. This is one of the most common reasons for the popularity of this thing. Let’s find out what it is and whether or not to invest in it.

What is Bitcoin?

Simply put, Bitcoin is one of the digital currencies. A digital currency is known as a cryptocurrency. The term was coined by an anonymous person during the 2008 financial crisis.

A digital currency account is like a verification account that you can view online. In other words, it is a digital currency that can be viewed but not touched. In the case of Bitcoin, you also have no physical representation. All money is available only in digital form. There is no one to regulate this type of currency. In the same way, the network is not managed by any enterprise, and the tokens are exchanged between individuals through a complex software system. Instead, everything is decentralized and managed by a single computer network.

It is important to note that you cannot use these verses to pay for everything you want to buy. In fact, you can only use it to buy from some retailers or online stores. But it can be sold in traditional currency or money. But more and more companies are starting to accept Bitcoin and other cryptocurrencies. For example, Expedia and Over-stock receive from users. One of the main features of this type of money is that the transaction is completely private and unobtrusive. This is one of the many reasons why many people choose this form of digital money.

Should you invest in Bitcoin?

Remember: Before choosing to invest in Bitcoin or any other digital currency, make sure you understand the risks associated with this system. Volatility is one of the main risks. This means that the value of your money can change significantly within 24 hours. In fact, the increase or decrease in value can be up to 30%. Another problem is that most of the digital currencies that can be seen today have lost value over 5 years, according to most experts.

To be on the safe side, we suggest that you make an investment that you can only lose. For example, if you have $ 1,000, you can invest $ 10. And if you lose this amount, it will not cause any financial problems for you.

Hopefully, now you know what Bitcoin is and whether you need to invest your hard-earned money. Remember: you should not invest good money, or you may face a serious financial problem along the way.

6 Benefits of Investing in Cryptocurrencies

The birth of bitcoin in 2009 opened the door to investment opportunities in a completely new type of class cryptocurrency. Entered space very early.

Interested in the great potential of these new but promising creatures, they bought cryptocurrencies at a low price. As a result, the 2017 bullfight saw them become millionaires / billionaires. Those who did not make much money also made good money.

Three years later, cryptocurrencies are still profitable and the market is ready to remain. You may already be an investor / trader or you may want to try your luck. In either case, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report by Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as an alternative to existing monetary systems. Benefits such as security, speed, minimum transaction fee, ease of storage and relevance in the digital age will be recognized.

Specific regulatory guidelines will promote cryptocurrencies and increase their acceptance. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and 350 million by 2035.

Opportunity to be a part of the Growing Union

WazirX’s #IndiaCrypto Wants The campaign was recently completed in 600 days. It has become a mass movement in India supporting the adoption of cryptocurrencies and the blockchain.

In addition, the recent Supreme Court decision to lift the RBI’s ban on crypto banking from 2018 has created a new level of confidence among investors in Indian bitcoin and cryptocurrencies.

The 2020 Edelman Trust Barometer Report also points to an increase in people’s confidence in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians believe in cryptocurrencies and blockchain technology. 60% say the impact of the cryptocurrency / blockchain will be positive.

As a cryptocurrency investor, you show that you are part of a growing and fast-growing society.

Increased profit potential

Diversification is an important investment sign. Especially at a time when most of the assets have suffered heavy losses due to the economic difficulties caused by the COVID-19 pandemic.

Bitcoin investments have yielded 26% since the beginning of the year, while gold has returned 16%. Many other cryptocurrencies have a three-digit ROI. The stock exchanges we all know have performed sadly. Crude oil prices fell below zero in April.

Adding bitcoin or any other cryptocurrency to your portfolio will protect the value of your fund in such an uncertain global market situation. This fact was also affected when billionaire macro hedge fund manager Paul Tudor Jones announced a month ago that he planned to invest in Bitcoin.

Cryptocurrency markets are 24X7X365

Unlike ordinary markets, cryptocurrency markets operate tirelessly day and night all year round. Because digital currency systems are essentially made using pieces of software code provided with cryptography.

The action plan does not include human intervention. So you are free to trade crypto or invest in digital assets at any time. This is a great benefit! Cryptocurrency markets are very effective in this way.

Bitcoin, for example, has been successful with 99.98% uptime since its inception in 2009.

Tweet: https://twitter.com/fernandoulrich/status/1185368277557620736

No documents or formalities required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, which require absurdly high documents to prove yourself as an ‘accredited investor’, crypto investing is free for everyone. In fact, this was the target behind the origins of cryptocurrencies. Democratization of finance / money.

To buy any cryptocurrency WazirX, you need to open an account where you need to provide some basic information, including bank account information. Once they are approved, you are ready to go in a few hours.

Sole ownership in investment

When you buy Bitcoin or another cryptocurrency, you will be the sole owner of that digital asset. The operation takes place in a peer-to-peer setting.

Unlike bonds, mutual funds, stockbrokers, no third party manages the investment for you. You can call the sales staff at any time.

User autonomy is the biggest benefit of cryptocurrency systems, which provide incredible opportunities to invest ‘independently’ in your fixed capital and create a corpus.

These were some of the benefits of investing in cryptocurrencies. I hope you find them useful and convincing enough to start your crypto investment journey.

Online Political Voting System Based on Blockchain Technology

We hear about Blockchain and Bitcoin every day; However, Blockchain is a way beyond Bitcoin and cryptocurrencies. It is a platform used to carry out economic operations in the most inviolable way. In fact, this technology can be used not only for economic transactions, but for any value in a digital way. Blockchain is used in the pharmaceutical industry, fashion and accessories industry, food safety industry, airline industry and more.

In a world where technology has come to the point where scientists are proposing flying cars, why is one of the most important systems that make up a country’s government still unsecured and fake? With the development of technology, everything has become more transparent and comfortable, so why not make easy and fair elections with this technology? In most countries, voting is a right for every adult. So why don’t the entire adult population of a country go to the polls on Election Day? Maybe because the voting center is too far away. People just have to go and stand in big lines to vote. Some believe that their votes were not counted due to unfair election results.

The solution to this huge problem has finally come. It is a platform that allows you to mix the perfect combination of technology and politics. This resulted in the invention of Blockchain Voting. If this technology can be used for so many purposes, why can’t it be used for the most important function of voting? Blockchain voting is one online voting platform allowing a reliable, hassle-free, reliable and fast way to vote for only one election. Blockchain voting can completely change the way we vote for the best. There will be no room for doubt or question in the voter’s mind.

There are certain things that work best in the age of modern technology and only in the old ways. But voting is not one of them. Voting is the process by which a country’s citizens elect their leaders. This process must be extremely reliable, fair, and completely accurate; all of which are blockchain features. Blockchain Voting does not change, is transparent, and cannot be accessed to change results. Blockchain Voting is an effective tool for conducting elections. This will ensure that there is no voter fraud and that the votes that lead to a fair election are not repeated. Blockchain Voting is the need of today’s democratic and mature population who believe they can make a difference in this world.

Stakeholders participating in blockchain voting will be the same as stakeholders in the conventional voting method. The voice of this revolutionary change can encourage many people. Anyone with an Internet connection and the right to vote can participate in the Blockchain Voting process. The use of this technology from a selective point of view is very simple.

Anyone with a phone and internet will be able to easily understand the features of the platform. Voting citizens do not have to wait in long queues and travel long to vote to leave. This fast and hassle-free voting method will attract more and more people to participate in the voting process and become part of a more democratic world. This is undoubtedly a cheaper and simpler method of elections. As different governments realize the importance of applying this technology to their political environment, it will be better for nations to hold easy and fair elections.

Blockchain: Open Source Money

“Blockchains are just distributed transactional processing engines. Technology allows data to be stored in different locations while tracking the relationship between these and different parties. Most people who try to explain blockchains like to compare it to a book. An operation, such as adding a device, is recorded in a chain and anyone can follow what is happening. That’s why law enforcement is so eager for Bitcoin – digital footprints are easily tracked. “ Fortune tech, Stacey Higginbotham, 29 May 2015

What if we lived in a world where global access to money is in everyone’s hands? As a peer-to-peer decentralized and cooperative process, money can grow the world digitally – there is no need for a top-down banking system. Trust relationships occur automatically with digitally signed, unauthorized transactions and destroy the inevitability of poverty. Will this be a huge step for mankind?

This is the utopian desire of technology developers. The next generation of computer networks is preparing to cover the world in a better way. Welcome to the intended blockchain (financial) transformation of the world.

Come blind at your own peril.

May 2016 article, The power behind the throne, aimed at a cashless society through blockchain technology, discusses my often undisclosed but steady progress and my thoughts on who will really benefit. It could end up as a huge leap forward for the banking industry, gaining oversight of our financial operations. Bloomberg article, Inside Wall Street’s Secret Meeting on Digital Cash, May 2, 2016, Nasdaq, Citigroup Inc., Visa Inc., Fidelity, Fiserv Inc., Pfizer Inc. and representatives of others.

Enter 2017 and a documentary produced to inspire and excite: Blockchain and Us. Some say 2017 is the year that this technology will become the mainstream; others say it is too risky.

The infomercial-type documentary introduces the “leaders” from around the world who valued Bitcoin’s open source money, the basics, and the cultural game changer below. The application of the aircraft, which is compared to blockchain technology and its potential impacts, has changed society; only the structure of the financial services industry is said to have become 100% digital in 20 years. In addition, blockchain technology:

  • Influence every industry as a “value” platform with military-level cryptology

  • Create a change in technology between generations, create an opportunity to “lift people out of poverty.”

  • Settle on the “smart” contracts they say

  • Make a profound change in how the Internet can be used to create new value forms and new operating methods of value

  • Create more work thanks to automation

There’s … Blockchain and We. Again, sinners like me do not see relative personal benefit. Hand over the little financial secrecy we left in cash to the Goliath banking industry? It seems to me that we may not have a choice, because “small” people just look like a unit of income during a walk.

That is, there are obvious and perhaps less obvious benefits to using cash and paying on the go:

  • Choice

  • Privacy of the operation

  • No bank interest expenses (overdraft, credit cards, loans, credit lines, etc.)

  • Optional 5% discount to the seller

  • Financial liability destroyed by the use of credit

  • Curbing an instant gratification mindset encourages easy credit

  • More personal time during debt adjustment means working more / faster

I think it is easy to forget that living in a material world, the full definition of wealth is more than accumulation. The intangible wealth of personal well-being and peace is worthless until it is overlooked. Instead of a utopian dream, imagine this: We no longer shop for what we don’t need, we don’t have to surprise people who aren’t really interested in us with money. If more people have the habit of using cash, we can strengthen our money management skills and send a message to gold owners to create real wealth.

Investing in a Car Dealer – How to Evaluate Them

Most business valuations are influenced by the company’s historical financial statements, location, brand name, management, and other factors. In fact, the dealer’s balance sheet represents less than half of the information needed to give a car dealer the right price. A balance sheet is a starting point on which a number of factors must be added and subtracted to determine the true value of an asset.

The valuation of new car dealers is related to the forecasting of future earnings and opportunities based on the “dynamics” of the private dealer company being valued and the car business itself.

The Internal Revenue Service acknowledges that the assessments cover more than just the financial statements: “The appraiser should use the decision on the degree of risk associated with the issuer’s issuance, but this decision must be related to all other factors that affect the value.” Income Rules 59-60, Section 3.03.

DETERMINATION OF MARKET VALUE

According to the American Institute of Real Estate Appraisers’ Dictionary of Real Estate Appraisals, the definition of market value is as follows: and a competitive market in all conditions that provide fair sales conditions, assuming that no one is under pressure. ” American Institute of Real Estate Appraisers, Dictionary of Real Estate Appraisers. (Chicago: American Institute of Real Estate Appraisers, 1984), 194 195.

In Income judgment 59-60, The Internal Revenue Service defines a “fair market value” as follows: has related truths. “

The purpose of Income Rules 59-60 is to consider in general the approach, methods and factors to be taken into account in valuing the shares of closely protected companies.

The methods discussed in the income decision relate to the valuation of corporate stocks where market prices are either unaffordable or too low to reflect fair market value.

The decision states that a certain formula cannot be developed to determine the fair market value of closely held shares and that the value will depend on the following considerations.

(a) The nature of the business and the date on which the business is established.

(b) An economic overview in general and the state and outlook of a particular industry in particular.

(c) The carrying amount of the shares and the financial position of the entity.

(d) the company’s earning capacity.

(e) Dividend solvency. The ability to pay dividends is often more important than the date the company distributes cash to shareholders, especially when valuing controlling shares.

(f) Whether the entity has goodwill or other intangible assets.

(g) Share sales and the size of the share block to be valued.

(h) The market price of shares of companies in the same or similar field of activity whose shares are actively traded on a free and open market, either over-the-counter or over-the-counter. When it comes to individual dealer sales, the best comparable is the amount an open company pays or receives for the sale of a similar dealership, not as much as the stock value and earnings of a joint stock company are reflected in the stock market.

In practice, several different formulas have been used to achieve the fair market value of a new car dealer:

1. Investment return (or profit estimate) formula: The cost of a business to a particular buyer according to investment analysis. This value varies from buyer to buyer according to the buyer’s investment criteria and may or may not reflect fair market value. The National Automobile Dealers Association (NADA) calls this value “Investment Value.” Seller’s Evidence for Assessing a Car Sales, As amended by NADA June 1995, July 2000.

The capitalization rate is determined by the stability of the dealer center’s earnings and the risk involved in the operation of the vehicle at the time of sale, investment or valuation. This method is highly subjective because the capitalization rate is based on a particular appraiser’s perception of business risk; as a result, the less the appraiser accepts the risk, the lower the capitalization rate, and the higher the price that a potential buyer expects to pay for the work.

In short, the capitalization rate is the appraiser’s view of the rate of return on investment that will encourage a potential buyer to buy a dealership. Considerations include those set out in Rules 59-60 and the current profitability of alternative investments.

2. Adjusted net worth formula: The net worth of a company that is adjusted to reflect the estimated value of the assets used in the day-to-day operations of a business, assuming that the user or buyer will continue to use the assets. Blue value or good intentions will be added to this “net worth” value. The “adjusted net worth formula” is the most common method used in buying and selling a new car dealership.

3. Custom Cancellation Formula. This method evaluates assets as if they should be sold regularly and without time constraints, rather than as if they were all “for sale on fire.” Normally, if wealth is profitable, some values ​​are placed on goodwill.

4. Forced cancellation. Compulsory liquidation, which is the lowest of all values, means the sale of all property by auction, the sale of a creditor, or the forced sale by a court of bankruptcy. The bankruptcy process of a new car dealer almost never brings good luck. If the dealership does not have a lease (or a short period of lease) and it is practically impossible to transfer, this may be the most appropriate formula.

5. Income Formula. The income formula basically takes the store’s profit and increases it with the appropriate capitalization rate. The trick here is the definition of “profit”. When determining “earnings”, a prospective buyer can use any combination of the following:

(a) current earnings

(b) average earnings – add the last five years together and divide by 5

(c) weighted average gain – generally multiplied by the inverse weight of the current year five, last year four, a year ago three, four years ago two, five years ago, then combined and divided by 15

(d) cash flow – net income and depreciation, LIFO, personal expenses, excess bonuses and similar agreed additional reserves

(e) projected profit – future projected profit that is reduced to its present value.

6. Fair Value. NADA also refers to a third value, along with “Market Value” and “Investment Value”, which it calls “Fair Value”. NADA describes “Fair Value” as “… mainly used to assess the liquidation losses of a minority shareholder when it objects to a company’s proposed sale.” and defines it as follows: “The value of a minority interest immediately before the transaction which the opposition objects to, with the exception of any increase or depreciation on the eve of the transaction, or without reference to the minority or non-market discount.”

NADA management says: It is not common for vendors to pass this special valuation standard. It’s the author never I have never seen this value used and used in connection with the pricing of car dealers.

As can be seen in this report, this author excludes what NADA describes as “Fair Value” when discussing assessments.

7. The theory of great stupidity. The publication of the National Automobile Dealers Association (A Salesman’s Guide to Assessing a Car Dealership, NADA, June 1995), bemuses, in part: “A rule of thumb is more accurately called a ‘more stupid theory.’ (NADA threw out the phrase “stupid” in his book “Price for a Car Sales: Update 2004” and simply said the theory was “… rarely based on sound economic or valuation theory,” but told sellers to “go for it” and maybe someone would pay. will be stupid enough for you [it]. “

The considerations for evaluating new car dealers are more complex than those used to evaluate most businesses. Dynamics, such as the specific requirements of car manufacturers and distributors, can limit the amount of money that can be paid for a dealer, regardless of what buyers can offer pay the store money.

Therefore, the value of a new car dealer varies according to the needs and abilities of the buyer, and therefore the same dealer may have two different values ​​for two different buyers, and both values ​​are correct.

Thus, our assessment of the subject seller should be taken into account in the context and constraints of the sales dates and dates of new car dealers, as shown here.

What is ICO in cryptocurrency?

ICO is short for Initial Coin Offer. When introducing a new cryptocurrency or crypto-token, developers offer investors a limited number of units instead of other major cryptocurrencies such as Bitcoin or Ethereum.

ICOs are an incredible tool for rapidly raining down on development funds to support new cryptocurrencies. The tokens offered during the ICO can be traded on cryptocurrency exchanges, assuming there is enough demand.

Ethereum ICO is one of the most notable successes, and the popularity of the first coin offers is growing as we talk.

A brief history of ICOs

Ripple is probably the first cryptocurrency to be distributed by ICO. In early 2013, Ripple Labs began developing the Ripple payment system and generated about 100 billion XRP tokens. These were sold through an ICO to finance Ripple’s platform development.

Mastercoin is another cryptocurrency that sold several million tokens for Bitcoin during an ICO in 2013. Mastercoin aims to mark Bitcoin transactions and execute smart contracts by creating a new layer on top of the existing Bitcoin code.

Of course, there are other cryptocurrencies that have been successfully funded by ICOs. In 2016, Lisk raised about $ 5 million during the First Coin Offers.

However, Ethereum’s ICO, which took place in 2014, is the most notable to date. During the ICO, the Ethereum Foundation earned about $ 20 million by selling 0.0005 Bitcoin each. Ethereum, using the power of smart contracts, paved the way for the next generation First Coin Offers.

Ethereum’s ICO, a recipe for success

Ethereum’s smart contracting system has implemented the ERC20 protocol standard, which sets out the basic rules for creating other compatible tokens that can be processed in Ethereum’s blockchain. This allowed others to create their own tokens in accordance with the ERC20 standard, which can be sold with ETH directly on the Ethereum network.

DAO is a notable example of the successful use of Ethereum’s smart contracts. The investment company raised $ 100 million in ETH and received DAO tokens that allowed investors to participate in platform management. Unfortunately, the DAO failed after being attacked.

Ethereum’s ICO and their ERC20 protocol included projects based on the latest generation of mass funding blockchain with the first coin offerings.

It also made it easier to invest in other ERC20 tokens. You simply transfer the ETH, paste the contract into your wallet, and new tokens will appear in your account so you can use them as you wish.

Obviously, not all cryptocurrencies have ERC20 tokens living on the Ethereum network, but any new blockchain-based project can offer an Initial Coin Offer.

Legal status of ICOs

When it comes to the legality of ICOs, there is a bit of a jungle. Theoretically, tokens are sold as digital goods, not as financial assets. Most jurisdictions have not yet regulated ICOs, so if we consider that there is an experienced lawyer in the founding teams, the whole process should be undocumented.

However, some jurisdictions have become aware of ICOs and are already working to regulate them in a similar way to the sale of stocks and securities.

In December 2017, the US Securities and Exchange Commission (SEC) classified ICO tokens as securities. In other words, the SEC was preparing to stop ICOs that they thought were misleading investors.

There are some cases where the sign is just a help sign. This means that the owner can only use it to access a particular network or protocol, in which case it cannot be defined as financial security. However, the capital verses that aim to assess value are very close to the concept of security. In fact, most miracles are performed specifically for commercial purposes.

Despite the efforts of regulators, ICOs still remain in a gray legal area, and until a more precise regulation is implemented, entrepreneurs will try to take advantage of the First Coin Offers.

As a rule, when it comes to the final form of regulation, appropriate cost and effort can make ICOs less attractive compared to traditional financing options.

The last words

For now, ICOs remain an incredible way to fund new crypto-related projects, and there are more successful projects in the future.

However, keep in mind that everyone is starting ICOs these days, and many of these projects are fraudulent or lack the solid foundation they need to thrive and will be worth the investment. For this reason, you should definitely do a thorough research and research the group and background of any crypto project you want to invest in. There are many websites out there that list ICOs, just do a search on Google and you will find some options. .