Posts Tagged ‘ICO

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…

The Cryptum ICO looks different than most crowdsales of tokens we’ve seen lately and if you are following us closely you know that we are not big fans of ICOs. It is not a single project, but a network of projects funding board games publishing with an interesting concept of providing supporters with returns of investment. More importantly the first game being released is called Blockchain: The Cryptocurrency Board Game. In it the players will compete for obtaining most Bitcoins and Ethereums by mining 85+ coins using 25 different crypto algorithms (with crypto coins taken from the real world). The Cryptum tokens issues by the project will be used for free access to all board games Cryptum is publishing (not only the Blockchain game) and there are already plans for 4 games and 5 expansions.

Cryptum will use the funding acquired from the crowdsale of tokens for three main projects – board game development, crypto mining and the release of a new cryptocurrency, plus maybe some small extra crypto currency related projects like an ICO listing website:
– Board games with 20% to 40% “shared profit” paid after each of the games Kickstarter campaigns, including the Blockchain: The Cryptocurrency Board Game.
– Mining project starting with 50% shared profit and lowered gradually to 30% by the end of a 2 year period after which the mining profit will be used only to fund further development of board games.
– Cryptumcoin should be launched later this year and will be used in some of the services, like for paying for advertisement in icodbase.com, and all token owners can receive some initial amount depending on how many tokens they own. Or they can mine it, as the developers promise good value and ASIC-proof algorithm.

Cryptum will pay back between 20% and 50% of the profits through optional claims (to avoid regulation and listing prohibitions in some exchanges and regions). Еvery feature is accessible by optional claim and if you don’t want to claim your profits based on current token ownership then they will be distributed to other token holders. The number of tokens issued will be limited and they will also be available for trading on crypto exchanges, though actually holding them might end up being more profitable on the long run.

When we initially heard about the idea for the Cryptum project we were quite interested and wanted to take part in it, especially the part about the Blockchain: The Cryptocurrency Board Game. As a result we are not only supporting the project, but our team actually got involved in the project development.

For more information about the upcoming Cryptum ICO visit the official website…


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