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Crypto Currency

Initial Coin Offering(ICO) and making informed decisions through ICOUP

Published

6 years ago

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falconx funding

Crypto Currency has garnered the attention of almost everyone who can access the internet! Another buzzword in the recent times is “ICO“. ICO is the abbreviation of Initial Coin Offering. It is an alternative fundraising mechanism in which blockchain startups issue their own crypto tokens and sell them in exchange for BTC and ETH. Users, in their turn, can either spend digital tokens on the platform or sell them later on exchanges at say, 3 times to 100 times the price. Tokens are basically like vouchers that you can exchange for goods or services on a certain platform.

In this article we will understand how the entire ICO process works and also, how platforms like ICOUP will help the developer and the investor community.

STEPS BEHIND AN ICO

Announcement : ICO typically begins with the announcement of making the project by the developers. It helps in generating hype and interest in the project.

White Paper : Developers then create a white paper. A white paper is typically a document issued by the developers which highlight their project and the specific features of that project so that it attracts the attention of the potential investors. Whitepapers are generally written in an academic manner and the specific purpose is to entice the investors by showing its potential and features.

Run the white paper in the community : The developers will then run the white paper through prominent members in the blockchain community to get their backing.

Tokens : Developers will create the tokens which they are going to exchange for Bitcoin or ETH in the token sale. Developers  decide the limit to the number of tokens and the amount that they want to charge for each token. Also, Setting a cap on the number of tokens is necessary.

Timing: Developers also need to decide a time at which they want to hold their ICO. Selecting the time, and the amount of time it runs for is very important.

Last but not the least, the developers choose a platform where they can advertise their ICO. Soon to be launched,  ICOUP is one such platform where developers can advertise their ICOs and investors can make an informed decision and choose from the best.

There are a ton of ICOs out there, with every single one of them promising huge returns and useful perks for potential investors. But before you get carried away and start sending your hard earned money to every single project out there, remember that many, if not most of those projects will inevitably fail or will turn out to be a scam.

ICO investment can be really tricky for many. ICOUP will try to solve the problems of an investor by listing hand curated ICOs on the ICOUP platform after doing thorough technical, financial and social analysis. Moreover, the platform will also have the option of taking user votes into consideration for each ICOs. In order to provide quality analysis to the users, ICOUP will provide a score for the listing.

Moreover, every ICO accepted by ICOUP can be analyzed by potential investors based on various parameters.

For Developers, many a times, promoting your own cryptocurrency can be very difficult. Moreover, the cost of promotion can be prohibitive. ICOUP will provide crypto currency enthusiasts launch their ICO and get noticed immediately. They can also promote themselves on the platform through banners, posts and mentions on the newsletters after paying a nominal charge.  And obviously, they can use crypto currency to make their payment.

ICOUP connects all the information related to blockchain projects and allows the members to rate any project. ICOUP gives the power to the investors to make the most informed and smart investment decision.

It is important to note that unlike an Initial Public Offering , investing in an ICO won’t result in you having an ownership stake of the company. You’re basically gambling that the currency you pay for now will increase in worth later and ultimately make you money.

From an investor’s point of view, it is important to be cautious before making an investment. They should make sure that the developers are not anonymous. If they are, that is as red of a flag. They should also know about the development team and the advisory board. ICOUP will, in a bid to protect investors from fake ICOs will ensure that the the projects listed on the website are thoroughly checked.

At an individual level too, one can focus on relevant cryptocurrency experiences of the developers, previous ICOs they took part in and the impact they had on the project.

ICOs  over the last few years have attracted many investors. Undoubtedly, currently, ICO is the rockstar of the investment world. The concept is extremely seductive and has garnered the attention of investors, big or small. The idea that anyone anywhere can get the financial backing they need in an unregulated manner is a welcome idea for all. However, for both the investor and developer community it is important to remain alert as it is an evolving field and platforms like ICOUP will try to help both these communities through the various safety mechanisms they will offer.

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Crypto Currency

Best Cryptocurrencies to Watch in 2023

Published

1 year ago

on

April 11, 2023

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Best Cryptocurrencies to Watch in 2023

When thinking about buying crypto assets, most people mention Bitcoin and Ethereum for they are the most prevailing digital assets in the market. Bitcoin has the largest capitalization – over $436 billion. It is the first crypto asset whose emergence inspired the development of the whole crypto industry. You can find Bitcoin on any cryptocurrency exchange platform, and it is probably the best cryptocurrency to buy for the long term. What about other digital assets presented in the market rankings? Are they worth buying?

Which Crypto to Buy?

Altcoins is the name for digital assets that emerged after Bitcoin. Many of them strived to repeat Bitcoin’s features and were based on its code, with the addition of some improvements. So we may say that all crypto assets that are not Bitcoins are altcoins (alternative coins). 

If we leave the market leaders and pay attention to middle and small-cap assets, we can say they deserve attention. Small and mid-cap coins are sensitive to market volatility, so they can easily skyrocket when the market’s bull trend. So it makes sense to buy altcoins with smaller capitalization in small portions and diversify your investment portfolio in such a way that even if some coins lose value, others will boost and bring you high investment returns. 

What crypto to buy now? Here are some worthy examples:

  • Polygon
  • Polkadot
  • Solana
  • Cardano
  • Litecoin
  • Tron
  • Chainlink.

Check out these digital projects, their communities, and social networks. And to find out more information about up-and-coming crypto projects, visit the WhiteBIT blog. It regularly posts interesting articles and the latest industry news. 

On the WhiteBIT exchange, you can buy and trade digital coins at low fees and a high safety level. In addition, you may try passive income options – crypto lending, allowing you to profit from holding your coins on the exchange and allowing it to use them for lending.

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Crypto Currency

Bitpanda Technology Solutions now available to financial institutions via Visa's Fintech Partner Connect programme

Published

1 year ago

on

March 23, 2023

By

Bitpanda Technology Solutions now available to financial institutions via Visa's Fintech Partner Connect programme
  • Austrian fintech unicorn Bitpanda has partnered with Visa, a world leader in digital payments, to empower crypto trading and custody services for banks and FinTechs.
  • Bitpanda Technology Solutions, Bitpanda’s Software-as-a-Service solution,  empowers banks, brokers, fintechs and online platforms to rapidly offer trading and investment services for asset classes such as Crypto, Stocks/ETFs, Precious metals & Commodities to their end customers.
  • Beyond this partnership Bitpanda Technology Solutions will now start their expansion outside Europe.

VIENNA, March 23, 2023 — In partnership with Austrian fintech unicorn Bitpanda, Visa’s partners will gain the opportunity to access Bitpanda’s comprehensive investment infrastructure solutions. This enables financial institutions, banks and fintechs to rapidly offer trading and investment services for asset classes such as Crypto, Stocks/ETFs, Precious metals & Commodities to their end customers. Next to this partnership Bitpanda Technology Solutions will begin expanding their investment infrastructure outside of Europe.

Due to increasing user demand many banks & FinTechs from around the globe have started to work on their crypto use-cases, which range from offering investing to retail customers, private banking High Net Worth individuals even to corporates for their treasury activities. This rise in focus can be seen in the string of collaborations recently launched by Bitpanda, which include the largest challenger bank in Continental Europe, N26. Driven by market competition, Bitpanda expects adoption to continue to grow exponentially in the years forward as, in parallel, regulatory bodies are providing clearer frameworks for banks to safely engage with the industry.

LUKAS ENZERSDORFER-KONRAD, CEO of Bitpanda Technology Solutions, says:

“As the demand for cryptocurrencies continues to rise, banks must take proactive steps to meet the changing needs of their customers. Bitpanda Technology’s SaaS solution provides financial institutions around the world with the infrastructure they need to deploy the most scalable and secure way to build all relevant crypto use cases. We are thrilled to partner with Visa and to be able to offer our solution to their outstanding networks of financial institutions around the world.”

Ute König-Stemmler, Central Europe Head of Business Development  Visa, comments: “We are excited to welcome Bitpanda to Visa´s Fintech Partner Connect Program. The partnership will assist banks to integrate an asset trading platform for crypto and other assets within their banking app.”

How Bitpanda Technology Solutions is bringing crypto to the financial service industry

Bitpanda, already well known for providing digital trading services to several European banks including European Neobank N26, announced the expansion of its B2B offer with the launch of Bitpanda Technology Solutions earlier this year. By being part of Visa’s Fintech Partner Connect program their clients can connect with digital-first, next-generation solutions and open up new possibilities. The unicorn already provides over 20 million European customers access to crypto trading via its infrastructure, Partners can build their own user experiences on an ISO 27001 certified and battle-proofed infrastructure.

Additionally, Bitpanda’s infrastructure is set up as a modular system to enable our partners to pick and choose from our features such as savings plans, asset-to-asset swaps, crypto staking, fractionalised Stocks, full blockchain service, and many more via one simple API integration. Custody for cryptocurrencies is provided by Bitpanda Custody, an institutional grade custody provider regulated by the FCA.

Bitpanda is offering its services on a global level, enabling Banks and FinTechs from around the world to build a crypto trading offering in less than three months. This, combined with Bitpanda’s more than 8 years in the investing and crypto industry, makes it a unique product that can educate and empower financial institutions to offer tailor-made crypto trading and investment experiences.

Current partners include German digital bank N26, French money app Lydia, UK fintech Plum and Italian open banking provider Fabrick, among others.

ABOUT BITPANDA

Bitpanda simplifies wealth creation. Founded in 2014 in Vienna, Austria by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda exists to help people trust themselves enough to build financial freedom for their future. The user-friendly, trade-everything platform empowers both first-time investors and seasoned experts to invest in the cryptocurrencies, crypto indices, stocks, precious metals and commodities they want — 24/7. With more than 700 team members and steadily approaching 4 million customers, the company is one of Europe’s most successful fintechs.

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Crypto Currency

Bitget Invests $30M in BitKeep Broadening Its Ce-DeFi Ecosystem

Published

1 year ago

on

March 23, 2023

By

Bitget Invests $30M in BitKeep Broadening Its Ce-DeFi Ecosystem

Bitget has announced a $30 million investment in BitKeep the decentralized multi-chain wallet, becoming its biggest stakeholder. The investment will allow the exchange to extend its range of centralized crypto services into a decentralized ecosystem. The sister companies will leverage their respective offerings and collaborate on linking CeFi and DeFi. The investment involves the merger of BitKeep Wallet with Bitget’s business domain, significantly bolstering its existing user base and product offering.

Founded in 2018, BitKeep has been providing uninterrupted and reliable non-custodial wallet, swap and NFT marketplace services to its user base of more than 8 million across 168 countries. The wallet supports 90 mainnet networks such as Bitcoin, Ethereum, BNB Chain, Polygon, and Solana, and over 250,000 types of assets across more than 20,000 dApps.

“This move is a win-win choice for Bitget and BitKeep and facilitates collaborative efforts in the decentralized space and beyond. We are not only delighted to provide the team at BitKeep with the necessary support to reinforce the security and stability of its offering services, but also excited to have such an established industry player as part of our growing ecosystem,” said Gracy Chen, Managing Director at Bitget.

As part of the deal, Bitget has invested $30 million in BitKeep, increasing its shareholding and becoming the primary stakeholder of the company valued at $300 million as per its previous funding round. The partnership with Bitget will give the wallet access to the exchange’s proven technology and security capabilities in the exchange domain, thus helping it improve the stability and security of its services.

By integrating BitKeep’s established 8 million user base, Bitget will receive access to an entirely new audience of potential clients. This is one of Bitget’s crucial moves towards Web3 which foresees linking CeFi and DeFi, transforming the platform from a leading contract exchange to a comprehensive and holistic exchange with its own ecosystem.

“The investment deal implies not only financial but also technical support, which will be provided to us by a professional team along with the experience necessary for product growth and market expansion. We are excited about this partnership and the potential it has to provide our users with even more comprehensive digital asset management services. We believe that working closely with Bitget will not only drive the growth of our business but also provide us with valuable experience exchange that will benefit our users,” said Moka Han, Chief Operating Officer at BitKeep

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.

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