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ICOs – A Remarkable Figure Despite Challenges, but how?

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successful ICOs

2018 has been a very dramatic period for blockchain and cryptocurrencies from the start. The crypto world has seen a nonstop slump in the price of Bitcoin and other altcoins, as most of the tokens traded below their ICO price, still there’s been no relent in the amount of money that was raised during this time.

Even with the institutional and political struggles that the cryptocurrency ecosystem faced, specifically paying attention to ICOs (Initial Coin Offerings), this steady rising trend raises curiosity.

Quality of ICOs As A Whole

LKI Consulting is a PR firm that has conducted few ICOs especially, in the last couple of months. The founder of LKI Consulting, Laura Kornelija Inamedinova believes that this ICO trend is linked to the upsurge in the quality of ICOs as a whole. Furthermore, Inamedinova explained how time has shown that these features are essential in order to have a successful ICO.

Even though the ICO market has rocketed and noted remarkable facts, still there is a number of projects that haven’t accomplished in attaining there “set out” goal, that makes them unsuccessful.

Why ICOs attract investors from outside the industry?

Founder of Cashaa, Kumar Gaurav believes that the industry must look ahead of the crowdfunding exercise which has been carried out by many projects at this time in terms of ICO. Gaurav’s company dismissed around $14 million of the $33 million that was raised in an ICO due to acquiescence reasons.

Gaurav identified a problem that ICOs attract investors from outside the industry who only take interest in their own profit and not in the technology. Similarly, there are plenty of beginners who are really interested; however, they just started to learn and might be frightened of the market’s volatility.

Gaurav identified another trend, that is the salvaging of investments inside the ecosystem which appears to expand the industry beyond its actual capability. He noted that most of the investors just try to sell older tokens and buy new ones.

Complicated System

Apparently, most of the ICO investors are just speculators for the short-term and this is something that makes it a little bit difficult for project developers and builders in executing their objectives, efficiently. It’s quite common these days to categorize an ICO as successful, depending just on the amount it raised through the crowdfunding process. To avoid being seen as a failure, companies began to set lower goals deliberately. Gaurav further explained that to find out what successful ICO is, we may also need to have a look at what will happen to the company after a year.

 

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All you need to know about Bitcoin Faucets

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A question that is asked by everybody is “Where can I get free bitcoins from?” The answer is free bitcoin faucet. It obviously won’t make you rich overnight, but it’ still free!

All you need to know about Bitcoin Faucets

 

As the name suggests, Bitcoin faucets are like taps with dripping bitcoins, instead of water. Just like a drop of water takes time to accumulate before dripping from the faucet, users have to wait a certain time limit before they could collect their coins.

What are Bitcoin faucets?

Bitcoin faucets are reward systems that are programmed to distribute small fractions of bitcoins for visitors to claim. There is a time interval that a visitor must wait between every batch of bitcoins released.

Purpose of Bitcoin faucets 

  • To introduce users to bitcoin: Faucets are a great way to introduce new people to the bitcoin network. Most faucets provide information to users and giving them a practical experience on how they can earn bitcoins is a beneficial way to promote digital currency and attract new users.
  • To achieve maximum traffic: It is not that difficult to get traffic on websites that give out free money, faucets are usually high traffic websites.
  • To make money: Adding additional content to the website, or including some unique attraction for users is the only way to generate an income for a Bitcoin faucet. There are many of these sites around nowadays so it’s a very competitive market.

Why Bitcoin Faucets?

There are rewards placed to attract visitors to the faucet’s webpage. These sites usually contain advertisements and advertisers pay these faucet owners to display their ads on the websites. Advertising costs are calculated on Cost per Thousand Impression (CPM) basis. Which means if the site gets more visitors and they spend a long time on the site, then the owner gets more money from the ads.

Faucets also play an important role in the bitcoin ecosystem. It encourages more people to understand and adopt bitcoin.

How to use bitcoin faucets?

Once you’re on the faucet webpage, you just need to enter your wallet address or the email address linked with your Xapo wallet.

A timer will start to measure the time you spend on the site. Each ad is viewable after a certain period of time. The interval is usually of 30 minutes.

All you need to know about Bitcoin Faucets

In order to claim your reward, you’d have to solve a mathematical question or prove that you’re a human by filling in a Captcha, and that’s it!

Typically, faucets have a minimum time interval between claims by each visitor in order to prevent one from claiming all the available bitcoins from faucet’s wallet.

This duration varies from 5 minutes to 24 hours, depending upon the faucet.

Here are a few best Bitcoin faucets for you to explore from:

  • Moon Bitcoin
  • Freebitco.in
  • Bitcoin Aliens
  • Bitcoinker

You can visit and explore these sites. It might be worth your while to study and recognize the techniques they use in order to make money from their faucets.

You will find hundreds of bitcoin faucets to choose from, go ahead, explore and earn a few satoshis while you’re at it. (1 Satoshi = 0.00000001 BTC)

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Checking your current balance using any Bitcoin wallet address

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Bitcoin Wallet

A bitcoin wallet is basically a vault for your private keys. After installation, a bitcoin address will be generated, which you can disclose to your friends in order to carry out a transaction. A Bitcoin address is generated at random and is just a sequence of numbers and letters. You can generate a new bitcoin address for each transaction. All of the confirmed transactions are added to the blockchain.

The private key is used to sign the transactions in order to prove that it has come from its rightful wallet owner. Just like a Bitcoin address, it is also a combination of alphanumerics, but this cannot be disclosed to anyone. To know more about Bitcoin wallets, go here.

 

To ensure that your bitcoin address has received the funds or just to view the previous transaction history, you can use the Blockchain explorer.

A Bitcoin Blockchain Explorer is a web tool that lets you view information about blocks, different addresses and details on when transactions have taken place.

All you need to do is paste your address into the search box, and the website will display all the transactions taken place linked with that bitcoin address.

You can even search multiple addresses at once. This will display the transaction history of each of those addresses, as well as the overall balance of bitcoins. You can separately view each transaction’s details- date and time, input, output and miner fee.

bitcoin wallet address

 

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The Beginner’s Guide About Bitcoin Wallet

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Guide About Bitcoin Wallet

A Bitcoin wallet address is equivalent to a bank account for tangible cash. In bank accounts the money is deposited, withdrawn and transferred to other users. Same is the case with bitcoin wallets. These wallets are used to store/withdraw bitcoins and transfer them to other users. There are three major types of bitcoin wallets: web wallets, software wallets, and mobile wallets.

Web Wallets:

Also known as “eWallets” or “browser-based wallets”; web wallets are the easiest to protect and give you complete freedom to use/obtain bitcoins.

Some of the examples of web wallets are:

  • BitGo
  • BlockChain
  • Green Address
  • Hive

Software Wallets:

Software wallets are installed on your PC. The users have complete control over Software Wallets and are responsible for bitcoins’ protection and backups.

Some Examples of Software Wallets:

  • Armory
  • Bitcoin Core
  • Electrum
  • Green Address

Mobile Wallets:

The users with Mobile Wallets have the freedom to store bitcoins on mobile devices. Mobile Wallets are simple and easy to use while transferring coins. All a user has to do is to scan the QR code using “tap to pay”.

How Do Wallets Work?

Each Bitcoin wallet comes with a private key. The key allows a user to spend the coins. It’s usually the owner only who knows about the key. However, if you are not careful enough with protecting the key, there is a huge chance that someone else will be able to figure it out and spend your coins.

What Are Some of The Tips to Keep My Bitcoin Wallet Secure?

As mentioned above, the key-protection should be your top priority while using online Bitcoin wallets. Otherwise, someone else could easily hack into your account to steal your coins. To make sure your wallet is well protected, follow the tips given below.

Strong Password:

Weak passwords are easy to crack. There are several programs that run different patterns, names, and combinations to crack these passwords. To make sure your password is resilient to these attacks, do not use commonly used patterns or names. Instead, go with the strings of random letters, numbers, and symbols.

Multifactor Authentication:

Multifactor Authentication is an additional security authentication to your password. This could be something like a favorite quote, secret question or a captcha.

Private Key Encryption:

Encrypt your private keys. A private key in plain text is easy to guess and easy to access. So, make sure your key is encrypted.

If Possible – Use Open Source Software:

Use open source software where possible as it gives you the freedom to review the source code and ensure it does what it says.Moreover, an open source software is quick to fix the security laps than closed source software. A good example of open source software is Linux which is used by most of the world’s financial system.

Lastly – Keep Backup of Everything:

Keep backup of your private keys and every single information in your wallet. Having a backup is of great significance. If your data is only stored in one hard-drive, and the drive dies, the information will be lost for good.

Learn how to backup your Bitcoin wallet.

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Requirements Get Tough for Crypto Financial Derivatives

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Before discussing the main issue, let’s discuss about the crypto financial derivatives and their role in digital payments. Crypto financial derivatives also known as bitcoin derivatives, are in fact security arrangements with a price that is dependent upon or derived from an underlying contract whereby differences in settlement are made in the form of digital cryptocurrencies.

Due to the insecurity involved in this whole process, the European Securities and Markets Authority (ESMA) has toughened its requirements for CFDs in terms of cryptocurrencies. If you are investing in cryptocurrency, this update may affect your future investment plans.

bitcoin investment

Role of ESMA in Financial Decision

In fact ESMA is an independent authority which makes sure to improve investor protection and promote more stable financial markets. ESMA’s board of supervisors is solely responsible for all the policy decisions. The decisions and policies of ESMA have a direct impact upon the following areas and stakeholders:

  • Financial service providers
  • The financial services industry
  • Retail and institutional investors and consumers
  • Users of financial markets
  • The economy of general public
  • Regulators of securities markets

What are CFDs?

To be precise and to the point, CFDs are in fact arrangements made in the form of a futures contract, according to which differences arising in the settlement are compensated in the form of cash payments, rather than physical goods.

CFDs are usually assumed to be an easier way of settlement as compared to other contemporary methods. It is also preferred by majority of users because as all gains and losses are paid in cash form. The most interesting case in terms of CFDs is that without actually owning one, it gives its investors all the risks and benefits of a security.

Expected change in leverage limit

It is being expected that the leverage limit of CFDs will be changed to 2:1 at its opening by the EU regulator. According to this leverage limit, the investor must have enough funds to cover at least half of the contract value upon its opening. Previously, the leverage limit was 5:1, it allowed the investor deposit only 20 percent of the CFD’s at the time of deal.

The reason behind this sanction is only that ESMA recently highlighted in one of its statements that cryptocurrencies required a deeper monitoring due to the risks it posed in case of undergoing investment deals. ESMA is not alone to show concern in case of cryptocurrencies, even the the Austrian Finance Minister proposed to strictly regulate the cryptocurrency derivatives in order to prevent money laundering with it.

Due to its lack of protection EU regulators have also warned investors about the ultimate risks associated with cryptocurrencies.

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