Archive for the ‘Crypto ICOs’ Category

Crypto Token ICOs (Initial Coin Offerings) are not slowing down and if you need to be able to get a better understanding on the ones that are more interesting and seem more promising, then you need a resource to help you get a better understanding and have a handy calendar when and what is launching and how long it will be available. One such service that we find useful is TokenMarket as it provides information for tokens and crypto currencies launching ICOs, they also have a calendar to help you keep track what to expect and when. Of course you still need to do a proper research in any ICO that you might be interested in, read the Whitepaper, check the Roadmap, see if there is actually something already available to as a products or service (even a prototype or alpha version) and so on. Just like with crypto currencies the advice to not invest more than you can afford to loose in ICO tokens is even more on the spot.

To check out the TokenMarket website and what information it provides…

A new and interesting service for the occasional or more serious crypto traders – Crypto Ping Telegarm Bot that tracks crypto prices and gives you trading signals. Do note that the service is not a trading bot that gives you advice on crypto trading, the goal is to provide you only with early warnings about increasing demand on the crypto markets. One more tool to help people with monitoring and analyzing the crypto market to predict price movements and give you a good timing to get in or get out of a crypto currency trading position. Currently the service is in beta mode and free to try, so we do recommend that you give it a go and see if it works for you or not…

Currently the Telegram bot supports monitoring for the following exchanges: Poloniex, Bittrex, Cryptopia and Yobit and gives you signals for the coins traded on them hinting at profitable trades before any pumps actually start. Although the Crypto Ping service is free to try at the moemnt it is also in the process of running an ICO to secure some funds in order to continue the development of the bot and add new features to it. After the ICO is over the tokens that will be distributed will be traded on exchanges and will also be a means to be used for the subscription fee that will be introduced for users willing to continue using the full functionality of the bot.

There aren’t a lot of such services available to the average crypto user that may not be too good at trading or may actually be too afraid to even try doing some trades on crypto exchanges. Should you decide to use a service like that one that gives you trading signals based on market analysis you should still be careful and not go all out You can just check the reliability of the signals by just doing some virtual trades and monitoring the outcome without actually doing some real trades. There is always risk involved, so some signals may not end up that good while others may be really profitable. Again, give the service a try while it is still in beta and free to use and see if it works for you or not.

For more information and to check out the Crypto Ping Telegram Bot yourself…

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 take 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…


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