Tag: Gem
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Latest in Crypto Hiring: FTX Adds Gaming Partnerships Lead
A former Citi executive becomes COO of crypto custodian Copper.co
The post Latest in Crypto Hiring: FTX Adds Gaming Partnerships Lead appeared first on Blockworks.
What Are Initial Coin Offering (ICO)?
A type of fundraiser in which a company sells a new cryptocurrency is known as an initial coin offering (ICO). In exchange for their financial contributions, investors receive cryptocurrency. In many ways, an ICO is the cryptocurrency equivalent of a stock exchange initial public offering (IPO) While ICOs have the potential to make a lot of money, their lack of regulation makes them extremely dangerous. ICOs are a quick and efficient way for start-ups to raise capital. If you can figure out which cryptocurrency is a good investment, you can make a lot of money. What if you had an idea for a new cryptocurrency system that you could fundraise for without giving up any ownership in your business? Let’s call it DenCoin for the time being. The only issue is that you need people’s money to create the currency. Then there comes the initial coin offering. Here’s how it works. You create a document outlining exactly how the system would function (typically referred to as a white paper), design a nice website, and explain why it’s a great idea that could be very useful. Then you ask people to send you money (usually Bitcoin or Ether, but you can also accept fiat) in exchange for DenCoin – they hope that DenCoin will be widely used and in high circulation, increasing the currency’s value. How do initial coin offerings (ICOs) work? When a company decides to hold an ICO, the date, rules, and purchasing procedure are announced ahead of time. Typically, the purchasing process entails sending funds to a specific cryptocurrency wallet address. To receive the cryptocurrency that they have purchased, investors must provide their own recipient address. The majority of ICOs require investors to pay with another cryptocurrency, the most popular of which are Bitcoin and Ether. Sometimes projects announce themselves on the Bitcoin talk forum under the altcoins section. From there on, they dissipate the information regarding the ICO and lure the attention of early investors. The number of tokens sold and the token price during an ICO can be fixed or variable. Here are a few examples of how this can be accomplished: A fixed number of tokens and a fixed price: Both of these are determined in advance by the company, for example, by offering one million tokens at a price of $1 per token. There are a limited number of tokens available at a variable price: Based on the amount of money received, the company sells a fixed number of tokens at a fixed price. More funding results in a higher token price. If one million tokens are sold and $2 million is raised, each token will cost $2. A fixed price and a variable number of tokens: The company establishes a fixed price but does not limit the number of tokens sold. Assume a company sells tokens at $0.50 each until the ICO is over. Anyone can launch an initial coin offering (ICO). Because of the low barrier to entry, this process is used to launch a large number of new types of cryptocurrency. The History and Evolution of Initial Coin Offerings MaterCoin was the first initial coin offering (ICO) in the cryptocurrency space, held in August 2013. They ended up collecting $600,000 USD in bitcoins after announcing themselves on the Bitcoin form. Ether became the second ICO in this space in June 2014. At the time, it received 31.5K BTC (bitcoins) in exchange for Ether (ETH). How to start your own ICO? There is a lot more that goes into the ICO process in order to successfully raise funds. The most important aspect is to have a cryptocurrency project that people want to support. You should also consider how the cryptocurrency you launch will fit into the larger scheme of things. A whitepaper outlining your project, roadmap, and short- and long-term objectives. Conduct market research on other ICOs on a website before launching a social media marketing campaign to establish a social media presence. Challenges of ICOs Some ICOs are done solely for the purpose of luring money from investors, which is then dumped into major coins like BTC/ETH to make profits for themselves. Many ICOs operate in very shady or non-transparent ways. If you can keep yourself updated and assess an ICO properly, you can certainly get a piece of such gem pies. Which is better: IPO or ICO? The primary distinction between ICOs and initial public offerings (IPOs) is that IPOs involve the sale of securities and are subject to much stricter regulations. To conduct an IPO, a company must file a registration statement with the Securities and Exchange Commission and obtain its approval. A prospectus containing financial statements and potential risk factors should be included with the registration statement. An initial coin offering (ICO) is the sale of a cryptocurrency rather … Continued
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Successful Transfer Listing of IWS Group from GEM to Main Board of The Stock Exchange of Hong Kong
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About IWS Group Holdings Limited
IWS Group Holdings Limited is the largest security services provider in the public sector in Hong Kong(1) and an established facility services provider specialising in the provision of security services and facility management services across public and private sectors in Hong Kong. The Group has over 10 years of experience in providing security services at railway stations and facilities, sea, land and railway immigration control points and public amenities as well as crowd coordination and management services at various large-scale events and emergency and critical incidents in Hong Kong.
(1) Frost & Sullivan, in terms of revenue in 2020
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comIWS Group Holdings Limited ("IWS Group" or the "Group"), the largest security services provider in the public sector in Hong Kong and an established facility services provider, has successfully transferred from GEM to Main Board of The Stock Exchange of Hong Kong Limited (the "HKEX") today.
Zignaly Secures $50 Million Funding to Fuel Global Expansion
Zignaly social investment platform provides a variety of products and services that aim to make cryptocurrency investment accessible to retail investors. (Read More)
SARMASWAP Token poised for widespread adoption, Aims to Become the Fastest Community in DeFi
The token is the first phase in the Sarmaswap decentralized exchange with its blockchain. The DeFi protocol framework will host multiple features built to benefit the average trader.
The trading platform will also integrate an autonomous yield and liquidity protocol that will include a web 3.0 platform. Using the network, traders can trade digital coins, NFTs, and other derivatives. The world-class security protocol aims to offer users seamless DeFi transactions with the fastest execution and the cheapest one-time exchange fees. Since every transaction on the Sarmaswap blockchain is peer to peer, token swaps can be executed at near-zero gas fees.
SARMASWAP's developers strive to create the most transparent and authentic DeFi exchange that accommodates as many mainstream traders as possible. They have adopted a non-custodial, escrow-free architecture with no deposits to guarantee investors that the price they see is the price they get.
The SARMASWAP Presale is Live!
DeFi traders have the chance to hold SARMASWAP tokens and earn lucrative rewards. The developers burned 50% of the total coin supply upon launch to help SARMASWAP achieve its hyper-deflationary status.
Participants in the ongoing presales will grab a BSC gem with X1000 growth potential that rewards holders with 5% per transaction. What's more, the protocol burns 2% of tokens during each transaction, constantly adding value for coin holders. You can follow the presale here.
SARMASWAP will have a lot of utility in the Sarmaswap ecosystem, allowing holders to get a 5% reward each time someone makes a transaction. What's more, holders will be able to generate passive income streams by staking their tokens to earn the highest APY.
Sarmaswap is on a mission to grow the fastest community in the DeFi space with the team estimating that the community will reach 3 million holders by Q1 of 2023.
About Sarmaswap DeFi Protocol
Sarmaswap provides a transparent platform that facilitates DeFi transactions with the quickest execution, the cheapest one-time transaction charge, and near-zero gas fees to foster widespread DeFi adoption.
The protocol offers its native token (SARMASWAP) that rewards risk-takers who buy and HODL. Coin holders are rewarded with 5% each time someone makes a transaction. Meanwhile, regular token burns help increase the value of holders' assets.
The project's excellent tokenomics create a sustainable project with the fastest growing community in the DeFi world. The protocol has locked 40% of the token supply to protect investors from a rug pull.
Get ready to join the SARMASWAP rocket as it goes all the way to the moon! To connect with the community and stay updated on the ongoing presales and other developments on Sarmaswap, check out the links below:
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