Archive for the ‘Crypto ICOs’ Category

If you have been following us for a while already you have probably noticed that we are not big fans of ICOs and we aren’t covering much of these, even though lately there is a boom of Initial Coin Offerings and it seems that pretty much everyone is releasing tokens for something. There are however some that we do mention and take part into, mostly in serious ICOs that are being pushed by entities that already have some good product or service available and have some background and not just promises that might as well turn out to be empty. Once in a while there are some that are really worth talking about and that goes not because they have generated a lot of noise or have managed to secure insane amount of funding, but because they are really something worthwhile, different, disruptive and so on. A recent such example is Brave’s Basic Attention Token (BAT) that we have covered as we’ve been following the development of the Brave browser for a while already.

Another interesting ICO that we think is worth talking about and taking a part in is the Giga Watt (WTT) Token that is currently ongoing and will continue until July 31st or until all of the 30 Million tokens are sold. The Giga Watt WTT token are being issued on the Ethereum blockchain like many others that we have seen recently, but what is different here than most other ICOs is the fact that the launch of the ICO is together with a whole platform to support the token (as well as other future tokens). One of the issues with Ethereum ERC20 tokens we are seeing is that normally they are not very easy for people that are not more into Ethereum to take part into… the process is just really not that easy for not so technical or “into crypto” type of people.

The WTT tokens are being distributed via the new Cryptonomos platform for token sales as well as management. The Giga Watt (WTT) Token is essentially the first token launched together with the platform for easy purchase and management of the available tokens by the user. This eliminates the need for the user to look for compatible Ethereum wallets and to do complex things in order to take part into an ICO based in a crowdsale essentially significantly lowering the requirements and removing many of the obstacles. Thanks to the Cryptonomos platform you can easily transfer Bitcoin (BTC), Ethereum (ETH) or cash via a wire transfer and use them to purchase WTT tokens, and probably other tokens in the future as well. You should be also able to transfer tokens in and out of the platform when they are abvailable just like you would do if using a compatible Ethereum wallet for interacting with smart contracts. Of course there is the other point of view regarding the use of a dedicated platform – you are not in full control of your tokens like you can with an Ethereum wallet for example where you hold the private keys for the wallet.

Let us get back to Giga Watt (the former MegaBigPower), a USA-based company offering crypto mining hardware as well as hosting for it and of course enough electricity to power it and keep it cool. The company offers also users to host their own existing miners and even an add-on paid option of emergency equipment repairs in case of an issue in order to minimize downtime. The release of the WTT token allows the token holders to gain access to Giga Watt’s facility at a lower hosting rate, which in turn significantly increases the mining rewards. Each Giga Watt Project Token (WTT) represents the right to use the Giga Watt processing center’s capacity, rent-free for 50 years, to accommodate 1 Watt’s worth of mining equipment power consumption. Token owners can use the capacity they purchase to accommodate their own miners or if they don’t own or plan to purchase any miners to takr advantage of the hosting offer to just rent it out to other users. The idea that Giga Watt has is to use the token sale to be able to expand their capacity and to reward token holders that help them achieve that, so a win-win for both sides. For all the details about the Giga Watt (WTT) token and the plans of the company issuing it you should take a look at the detailed WTT token whitepaper (PDF) where everything is explained in much more details and all your questions should be answered.

For more details about the Cryptonomos platform and the Giga Watt (WTT) Token sale…

We have already covered the new Brave browser and the ideas that the people behind the project have about integrating Bitcoin payments. The Brave Browser’s Brave Payments allow users to replace website ads with a kind of regular donations supporting their favorite websites, but the project wants to take things even further with their upcoming token sale. Brave’s BAT or Basic Attention Token the sale of which is about to start tomorrow is going to extend things a bit further in the new way that online ads will function.

The idea of the Basic Attention Token is to radically improve the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers and users. The token will be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement and it will all happens on the Ethereum blockchain at the BAT is an ERC20 token built on top of Ethereum.

The goals of the whole Brave ecosystem including the BAT are to not compromise on privacy, but at the same time help advertisers get better results and users to bothered by ads if they don’t want to, but if they do their attention for actually seeing the ads will be rewarded with BAT tokens as well. So in theory every one will win – the advertiser, the publisher and the user. The idea is really good and will hopefully help in providing a real alternative for the users of the Brave browser as well as for publishers and advertisers that really want better results and alternatives besides the big players in the online advertising game that control most of the market.

We are really interested in the Basic Attention Token as well as the whole Brave project and have been keeping track on how things develop, even if we are not big fans on token sales in general, there are still some projects that we like so much and want to support and this is one of those. Our advice to you is to check out the Brave browser if you still haven’t tried it, it is not only available for computers, but for mobile devices and also keep an eye out on the BAT sale starting tomorrow.

To get more details about Brave’s Basic Attention Token (BAT) and the token sale…

In the world of crypto currencies ICOs (Initial Coin Offerings) are a way for many new startup projects to get funding, the problem however is that there have been quite a few of these in the past that did not end up well. There are still some ICOs that are looking suspicious or are screaming Scam all over the place, so you need to be extra careful should you decide to invest into such a project. Here comes ICOindex, a simple and easy to use platform that enables you to find all ongoing and upcoming ICOs, so you can do your research and decide if you find something interesting or not. The website also tracks suspicious ICOs that you should treat with extra caution as well as ones that are looking like scams and you should avoid wasting your money on.

We are not that big fans of ICOs in the crypto world, though we have taken part in some ourselves and will probably continue doing so in the future as well. Doing a proper research and avoiding projects that raise suspicion and have not produced anything yet, but only give you big promises is usually a wise idea. Investing in an initial coin offering may give you satisfaction from being a part of the success of a good project and can also make you some nice profit, but it is also risky form of investment, so be careful not to invest more than you can afford to loose. So a resource such as the ICOindex website might be useful starting point in giving you up do date information and some pointers, but you should still do your own analysis as well.

For more information about the upcoming and currently ongoing crypto ICOs on ICOindex…


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