Archive for the ‘Crypto ICOs’ Category

The craze for ICOs (Initial Coin Offerings) seems to be going on and instead of things starting to calm down things are actually getting more and more intense, regardless of the news that some countries may be banning them or regulating them. Nowadays all we pretty much see in our sidebar with ads, provided mostly by Google, is pretty much all about ICOs and nothing more. We are also being contacted on a daily basis by a lot of people that are willing to advertise their upcoming or already running ICO or just do a coverage. We are not big fans of Initial Coin Offerings ourselves and writing about them or even directly advertising kind of means that we either approve or endorse them or at least this is what most people will think even if that is not our intention. We have been covering some ICOs in the past, just a few actually, as giving investment advice for ICOs especially has never been the idea or goal of this website. If we see a good idea and want to help promote the project and actually use the service or product that will or is being made directly as a result of an ICO we are going to share that information anyway. In such cases we are even investing something in that particular ICO ourselves, this is how much we believe in the idea. Even then however you should not threat that as an investment advice, you should still do your own research as we may not always be right on the spot…

With all of the above said our team does not track any or all ICOs that are currently appearing, starting or ending, they are quite a lot actually and if you do not specialize on that topic alone it will be hard to cover it all. We are not investors or traders and we do not give investment or trading advice, even if we do both of these as well from time to time. We are not against ICOs as a concept, in fact we have recently taken a part of such a project ourselves – Cryptum, a project that is developing a crypto mining board game among other things, though our interest was caught by that particular side of the project. It is not an ICO that promises great things such as decentralizing the board game business or putting board games on a blockchain, it has much more reasonable goals and a business plan that actually seems quite reasonable. Taking a part in that particular project has allowed us to get a pretty good insight on how things work inside an ICO and how many people try to make profit from such projects, not caring at all about the actual product or service (the ugly side of the business).

You are still welcome to contact us if you are running an ICO, planning to start one, or have even finished such a project. We would gladly check it out if we find it interesting and may even do a coverage here, but don’t just say you want to promote an ICO and you are contacting us for advertisement rates. If you are not able to explain what your project is about in just a few sentences in an understandable way, then don’t even bother writing to us. If you cannot do at least that, then maybe you should not be running an ICO at all… just repeating a couple of keywords such as decentralizing and putting whatever it is on the blockchain all the time probably would work for some people, but not for us. If you cannot explain your idea quickly and easily, then don’t even bother trying to!

Last month we have shared some information about an interesting new crypto crowdfunding campaign coming soon with the ultimate goal to fund the The First Crypto Mining Board Game. Today the Cryptum ICO has officially started and will take place in the next 30 days (Stage 1) distributing up to 1 Million CRTM tokens to users that decide to support the project with ETH or BTC. Any remaining tokens that are not distributed during the first stage plus an extra 100 thousands will be available for distribution in the second stage of the funding and you will be able to participate with multiple different altcoins. More details about the parameters of the Cryptum ICO are available here, but do note that the first 24 hours of the crowdsale there is a 16% bonus available, then the next 4 days it is down to 8% and the last two days of the first week you get 4% bonus. After the first week the next three weeks the tokens will be available for the regular rate of 50 CRTM per 1 ETH, and if you are using BTC then the rate is fixed at 0.0135 BTC per 10 CRTM.

The main goal of the project is to create and release a whole line of board games, starting with Blockchain: The Cryptocurrency Board Game, or essentially the first board game about crypto currencies and mining and that is precisely what got our interest initially, though there are a number of other projects associated as the business model of Cryptum is more complex and rewarding that just that. You might want to take a look at the Cryptum Whitepaper for some more details on what your participation in the project can bring you back and it is more than just a free board game when it is ready. You don’t even have to spend an of your Cryptum (CRTM) tokens to get the board game that you will help bring to life, holding the tokens might be much more rewarding in the long term than just selling them on an exchange when they get listed. As already mentioned we are not only supporting the project, but our team actually got involved in the project development as we see very good potential in it. Of course we also want to help make the first crypto mining board game a reality and a fun and enjoyable game to be player by people both into crypto currencies and ones that may not yet be. So go take a look at what it is all about and if you like the idea you are welcome to help in any way, even if it is to just spread the idea.

For more information about the start of the Cryptum ICO visit the official website…

It seems that there is an interesting new cryptocurrency called JSEcoin that is targeted at offering webmasters a different way to monetizing their website traffic. Essentially allowing visitors to the website to mine the cryptocurrency with the help of small piece of javascript code embedded on the blog or website. The algorithm is not very heavy or demanding and the mining process itself does not seem to be taking too much CPU resources (it is CPU only), so the computer remains responsive and working just fine as if it is not calculating anything. This is making it pretty interesting for owners of big websites with more visitors, especially visitors that stay longer, but also makes it easy for regular users that are not yet into cryptocurrencies to actually get into mining this new cryptocoin as it only requires you to open a website and not do a lot of complicated stuff.

At the moment website mining is working and the platform is looking for website publishers that are interested in embedding the mining code to try it out (we are currently testing it here already). Investors are also welcomed with various options available for purchase of JSEcoins at a rate of $1 USD per JSE. Unfortunately there is currently no way to cash out your JSE coins, this should be possible after a planned ICO for around Q2 2018, you will then be able to transfer JSEcoin to exchanges and swap for Bitcoin/USD etc. according to the authors of the project. The platform is currently being integrated with Metamask – a Chrome based wallet which facilitates Ethereum ERC20 transactions and can export private keys for offline storage. This should be released by the beginning of November 2017 and thus provide a wallet available to store coins outside of the JSE platform.

So what is the total amount of possible earnings per day? 1440 coins are currently being distributed to publishers and 720 coins for self-miners on the platform, so a total of 2160 new JSE coins per day are being generated with a bit over half a million coins in circulation already according to the developers of the project (from early September). Out of those tokens 100,000 have been retained by the company and another 400,000 are for the co-founders of the project, so the actual number of coins in circulation in the hands of users is really just a few tens of thousands. According to the whitepaper the Minimum Final Distribution is going to be 10,000,000 and the Maximum Final Distribution: 100,000,000.

The answer to the question is it risky is yes, it is, but then again early adopters do have the chance if things pick up to get a much higher reward for being there right from the start. Our recommendation is just to give it a go and see for yourself, mining locally or through your own website or blog. We are not giving you investment advice here, this is for you to decide, but as far as mining goes you should go and give it a try for sure.

For more information about the project JSEcoin and to give it a try yourself…


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