Author Archive David Adamson

ByDavid Adamson

Day Trading Cryptocurrency Strategy and Tips

In this article, we will discuss day trading cryptocurrency strategy and tips for intraday trading in these digital currencies.

One of the reasons most people choose to invest in cryptocurrencies is because they can be traded for profits.

There are separate exchange platforms for the trading of crypto coins.

While it may seem like a simple process, similar to traditional stock trading, crypto trading is somewhat complex and may even result in a loss if you are not careful enough.

What is a Cryptocurrency?

A cryptocurrency is a form of digital assets that does not have any physical existence.

These currencies are created through a programming code and are designed such that the generation of new tokens and verification of funds transfer is regulated by high-level encryption technology.

At this time, Most of the cryptocurrencies are based on the blockchain technology, which provides the platform for the development, management and storing of these tokens and their transaction records.

Crypto Trading simply refers to the process of buying and selling cryptocurrencies.

What is Daily Trading or Day Trading?

Day trading, or intraday trading, is a specific kind of stock trading in which stocks are bought and sold within the same day, usually with a profit.



Nowadays, many cryptocurrency exchanges are also allowing their traders to buy and sell currencies within the same day during the official trading hours.

Day trading is a very calculated activity that should be done with extreme care. Professional day traders study trends, charts and the news very carefully, with a close eye on even the slightest price movements, in order to make the buy/sell decisions for the maximum profit on the day. They take calculated risks while capitalizing on even the minimal changes in the price of a currency within in a day.

Day trading is even more popular in the crypto industry because of the high fluctuations within minutes and hours in the prices of top currencies like Bitcoin and Ether.

If you are planning to intraday trade your cryptocurrencies, here are a few tips to help you earn more.

Strategy and Tips for Cryptocurrency Day Trading

Before you get started in the field of crypto trading, make sure that you know a good deal about the blockchain technology.

All cryptocurrencies out there are based on this technology, so it is important to know about blockchain in order to get familiar with the working mechanism of cryptocurrencies, which is crucial for determining the growth and fall trends of a particular currency. You can read about this on the internet.

Learn About the Tokens and Coins Before Trading

Once you get yourself familiar with the blockchain, the next thing to learn about is cryptocurrency itself.

As I said before, you cannot expect to do well in crypto trading if you know nothing about the token/coin you want to trade.

Find out things like how the particular cryptocurrency works, what the market price is, what the trends are. The more demand there is for the coin, the higher the chances of its price fluctuation.

Do You Know About the Risks involved in Cryptocurrency?

Crypto trading is a risky business, with intraday trading being even riskier. If you are starting in this field, make sure that you know all the risks involved.

First of all, know and follow the golden investment rule strictly: “Never invest what you cannot live without.” Invest only what you can afford to lose.

Also, cryptocurrencies are more prone to risks since they are free from any regulation.

The price fluctuation of cryptocurrencies depends on the demand and reaction for them in the market and various industries.

When You Should Invest and When To Stop Investing?

Like any other investment, you should know when to invest and when to stop investing in cryptocurrencies.

There is no golden rule. Yet the standard rule says that you should invest when the price is low and stop (sell out) when the price is high.

This is even more crucial in the case of intraday trading of cryptocurrencies since the price changes very frequently.

Keep Updated Yourself With The Crypto News

The market knows before you do. If the price of a particular cryptocurrency is about to go down, there might be some hints by experts and crypto news channels.

Therefore, it is wise to keep yourself updated with the news and blogs of the crypto trading industry to be able to make the right investment decision at the right time.

Purchase Cryptocurrency Thru An Exchange

This is the most significant point of this entire article.

The cryptocurrency you choose for trading will decide the fate of your trading activities.

In order to participate in an intraday trade, you first have to purchase a cryptocurrency through an exchange.

It is recommended not to invest all your money in one currency, but formulate a mix of risky and safe cryptocurrencies so that you do not lose a lot at once.

Make sure to pick currencies that have an actual demand in the market and are probably already being used in some practical applications.

Against, choosing a trustworthy exchange platform for your crypto trading is as important as investing in the right coin, if not more.

Set a Target

The investment world can be quite intimidating very quickly, especially for newcomers.

If you are just starting in intraday trading, be sure to add a security level by setting target profit and stop-loss.

A stop-loss is the lowest price limit that you set for your funds to be automatically (or manually) withdrawn, with a profit, when the price of the currency drops to a certain limit.

Similarly, a target profit determines the maximum profit/gain limit at which you will stop trading.

Be wise in your investments. Intraday trading is definitely more fulfilling but also riskier.

If you are not careful, you might lose your investment in just a blink. By following these simple tips, you can get the desired profits out of your cryptocurrency trading investment.

ByDavid Adamson

StableCoins: A Hot Property In The Cryptocurrency Market

Trading in bitcoins is not for the faint-hearted. It can give you highs and lows reminiscent of an alter-state.

Narratives are paramount in the public sphere. Like any aspect of social life, they set an image precedent difficult to shrug off. Part of the current public opinion on cryptocurrencies can be attributed to it.

However a major contributor towards this was the instant growth-depreciation price curve of cryptocurrencies. The Volatility Factor forced cryptocurrencies to become mere fantasy talks rather than investment options for the common public.

With no standard rulebook on investing in cryptocurrencies, Stablecoins come as a welcome alternative for those seeking a more stable decentralized investment alternative.

In this blog, we look at some of the core features that make stablecoins the new hot property in the cryptocurrency market and also understand how stablecoins will help the ‘Cryptocurrency Vision’ finally find its true voice amidst the masses.

What are StableCoins?

Stablecoins are cryptocurrencies backed by real-world assets both physical and financial. These assets are normally stored in vaults or in escrow accounts for transparency. Unlike early stage cryptocurrencies, Stable Coins gain value from these real assets.

While die-hard crypto enthusiasts would beg to differ but StableCoins absorbs within its fabric the stability of the old FIAT system and transparency of the new decentralized system.

The Promise: Freedom And Safety

Some experts have termed StableCoins as price stable cryptocurrencies. StableCoins promise price stability. Vitalik Buterin, co-founder of Ethereum, had envisaged the dream of a stable cryptocurrency in one of his blog posts four years ago.

In the post, Buterin stressed on the need for an alternate form of cryptocurrency that was backed by real-world assets. This would help everyday people become familiar with the crypto economy.

Another promise that stable coins claim to keep is to ensure transparency in industries crippled with tedious norms and inefficiency. Say for example the Real Estate. Blockchain promises to render transparency to the otherwise vague industry norms.

A large-scale adoption of cryptocurrency will require an asset-backed cushion to check volatility. No-doubt the decentralized nature of cryptocurrencies have attracted one and all, it is the risk factor of investing in an unregulated crypto economy that has kept the common man at bay.

StableCoins promise freedom and safety for coin owners. As more stablecoins make their entry into the crypto economy, the freedom of choice and safety of assets could ensure the much-awaited paradigm shift that the crypto enthusiasts have been waiting for all along.

ByDavid Adamson

7 Successlife ICO Review To Evaluate New ICO Project

Once you’ve decided to make an investment in an ICO, the next thing is to find out the best ICO project that actually has a demand in the market and a chance to grow in the future.

To help our users, we have decided to list the top ICO projects ideal for investment in 2019 according to the data by some of the most reputed investors and investment companies in the world.

An ICO or Initial Coin Offering is the public sale of the tokens of a new cryptocurrency project/company. The main purpose of an ICO is usually to raise funds from potential investors.

While ICO may seem like a nice option for both investors and crypto startups, the increasing popularity of it is also attracting many scammers.

Make sure to go through successlife ico review given below to be able to find the right ICO for your investment this year.

Elysian – E-commerce smart contracts

Elysian is a new yet very innovative cryptocurrency company that provides a blockchain based decentralized platform for e-commerce websites.

The platform makes use of smart contracts to provide a secure way for developers (and even non-developers) to create awesome, feature-rich e-commerce websites in no time.

Other features of the platform include secure data storage, robust code, increased efficiency, faster delivery, theft protection and more.

The objective of the project is to create an innovative e-commerce system that consumers can actually trust.

Cypherium – Bringing Blockchain Mainstream

Cypherium is one of the most unique ICO projects of the year 2018. The project is backed by some of the professional developers from companies like Amazon, Google, and Microsoft.

The purpose of the project is to make the use and access of blockchain common to everyone. The developers of the project are working on a system to rectify the shortcomings of present blockchain infrastructures.

As of now, the commercial and public use of blockchain is limited by things like decentralization and the lack of sufficient infrastructure.

The object is to design an intuitive interface for general users to access and use all the functionalities of comprehensive blockchain technology.

NAFEN – Empowering industries with nano superpower

The Nafen project has been designed to help industries across the world. The company has created a nano-material that can be used by industrial organizations to increase the capacity and quality of their production.

The said nanofibers can dramatically change the various chemical and mechanical properties of industry materials infusing them with superpowers.

The Nafen project will be of use in a range of industries such as automobile, metallurgy, chemistry, oil, fuel, planes and new materials.

Neon-exchange (NEX) – An innovative way to trade tokens

The NEX project has been designed to overcome the limitations of DEX (Decentralized Exchanges) and provide a highly secure exchange platform for crypto investors to invest and trade their coins.

NEX platform enables users to participate in complex decentralized crypto trading and transactions.

NEX makes use of an off-chain verification system to enable a more secure and faster system for complex trades across different blockchains.

SHIPIT – NextGen Crowd Express Delivery Platform

Shipit is another innovative technology service for travelers and shipment senders.

It enables travelers and senders to connect through a common platform and help each other. Shipit will be available in a mobile app format which senders can use to find the right traveler to ship their packages to their destination at a low cost than normal courier rates.

This gives travelers an opportunity to earn income while traveling.

Trade.io – A blockchain based brokerage platform

Trade.io has been designed to revolutionize the way brokerage services are provided and used.

The platform provides a convenient tool for brokers and agents to provide their services and make money efficiently. It is a decentralized platform that can be used by brokers to ensure smooth service transactions.

As of now, the system is already being used by many people in traditional trading markets as well as in crypto markets.

GlobaliPay – A Global Digital Payment Gateway

GlobaliPay has been regarded as one of the most sophisticated and realistic ICOs of 2019.

Why? For one, it is based on the concept of digital payments, which is something that’s never going to get out of demand.

Then, it takes the concept one step further by implementing a blockchain based payment system that can be accessed globally and can be used for making low-cost financial transactions with features like payment confirmation, fail-safe, high transaction security, transparency, and low transaction cost.

Now that you know about the successlife ico projects review where you can or should invest in 2019, go ahead and conduct your own research to find out more about these specific projects. Choose wisely and invest accordingly.

ByDavid Adamson

How To Launch A Successful ICO or STO As A Startup?

In this blog, we are going to share with you how to launch a successful ICO or STO as a startup in 2023.

Let’s get started!

An ICO can be a nice way for a startup to raise funds quickly for their new project.

However, the core requirement for the launch of an ICO is that the project should be based on the blockchain.

This is a good thing for projects that are already based on the blockchain technology or upcoming projects that use this technology for their core functionality.

Initially, we are going to discuss the procedure for planning and launching an STO or ICO.

procedure for planning and launching an STO or ICO

Before you get started with the ICO, make sure that you are not doing it just to raise money, but your project is actually based on the blockchain and has a real use for this technology.

Also, be ready to launch your own cryptocurrency that you will sell to your investors in exchange for their money.

What is an ICO?

An Initial Coin Offering (ICO) is a fundraising process for blockchain projects.

A cryptocurrency startup that is working on a blockchain application/project conducts an ICO sale in order to raise funds for that project from interested investors.

ICO is somewhat similar to an IPO (Initial Public Offering), but the crypto company does not provide any real asset or shares to their investors who invest money during the ICO. Instead, the investors are given crypto tokens or coins in exchange for their contribution to the sale.

How Does ICO Sale Work?

A token may have real-world applications and/or can be used for trading on crypto exchanges, depending on the particular project.

An Initial Coin Offering (ICO) is a fundraising process

Here’s how an ICO sale works:

ICO Website :

The crypto company creates a website/platform for the ICO where it tells users about the upcoming ICO sales, schedule, tokens on sale, price, procedure, etc.

Whitepaper

The white paper is an important document for the ICO.

The project whitepaper contains details about the token, the ICO, the underlying technology and various other things that a potential investor should know about the project.

Roadmap

As per the schedule, the sale of tokens is started on the company website or a third-party website.

An ICO may be held in one or multiple phases, including a pre-ICO (private sale) and the main ICO (public sale).

Wallet

The user buys tokens in exchange for dollars/ETH/BTC or any other currency by registering on the company website.

Bonus/Bounty

Some crypto companies may also offer a discount or bounty offer to the early investors with the aim to make more users buy in the sale.

Now that you know how an ICO works, let’s get started with setting one up.

Things You Will Need:

  •  A new crypto token to exchange for the investment of the user
  • Define a value for the token
  • Define the maximum limit of tokens and the ICO hardcap
  • A project website
  • Ethereum or any other crypto wallet
  • A perfect white paper that contains a proper roadmap of the project
  •  An escrow account
  • Secure the ICO

How To Setup And Launch Your Own ICO?

First, you need to create a website for your crypto project. I am assuming here that you already have started working on the project itself and have a working model ready.


Do not expect anyone to invest in your project unless you have something worth their time and money.

Mention everything about the project, including why people should invest in it, on your website. Provide a detailed project roadmap along with the current progress of the project.

It should be clear as to how and when the project will be finished. Provide proper contact information on your website. Create a separate platform for ICO registration and investment.

Create and upload a project whitepaper on the website homepage. The white paper is what a potential investor will read in order to find out more about your project.

Make sure that you clearly and precisely mention the purpose and objectives of your blockchain project in the whitepaper.

Also, provide details of the team and its members so that users can contact and find more information about them if needed.

The whitepaper should contain everything there is to tell about your project and how you can convince users to invest in it. Try to make it appealing.

Without ICO Marketing You Achieve Your Goal

Once your website is ready and live, the next thing is the ICO marketing.

With so many ICOs going around, you cannot expect users to come straight to your website and invest in the project, without much efforts on your part.

You need to tell (convince) the user why they should invest in your project and not in several other blockchain projects out there.

You can use social media sites, blockchain communities, email, messaging and several other resources to get the word out there.

Conclusion

A powerful blockchain concept accompanied by a real-world application is the most important thing and will do a lot of work itself. All you need to do is tell people about your project and bring them to your ICO. If the project has the potential, it will sell itself.

ByDavid Adamson

A Glimpse of What Lies Ahead of Blockchain in Healthcare Market

The correspondent suggests of authorization to access electronic health information and separate other requirements.

 However, the current healthcare technologies do not working fully address these requirements, because they face limitations related to security, users privacy and ecosystem access.

Blockchain in healthcare can supportable to the entire lifecycle of a patient’s electronic medical record (EMR).  Is can be used capabilities in the key manufacturing phase to ensure pharmaceuticals are authentic.

 Segment by application blockchain in healthcare: Financial Services and Non-Financial Sector.

Blockchain technology is one of the most secretive technologies in the world and multiple industries are adopting blockchain technologies in various sectors. The healthcare sectors are adopting new technology every day and new innovation and invention technology are inching every day.

As per the Orian Research researcher survey Healthcare industries are adopting blockchain very fast. Blockchain technology has a possibility to transform in healthcare and medical sectors increasing the privacy and provide security to healthcare data. The technology provides a new model to healthcare information exchange and transfers.

If healthcare industries are want to secure healthcare network infrastructure this technology plays a vital role in verifiable identity and authentication of all participants.

The (IOT) internet of things point of view patient-generated healthcare and medical device data has massive promise, especially if interconnected with health records accessed by providers and patients. Personal identities will remain secure healthcare data when added to the blockchain.

There are many interested investors and investees in blockchain in healthcare technologies that are helping growth factors of healthcare blockchain industries whereas the knowledge of the benefits and power of the blockchain are being understood by various businessmen. 

The healthcare industry will change humongous data of medical records, images, documents, transaction information, and lab reports data which require a significant amount of storage space, for which organization every member included in the chain, must regularly invest for the exceeding storage capacity.

The blockchain is a shared record of peer-to-peer transactions built from linked transaction blocks and stored in a digital ledger. The economically and shares it securely among disparate applications and systems.

However, less than 10% of the healthcare industry regularly shares medical information with providers outside of their organization. Some key participant is analyzed using blockchain technology in healthcare: Hashed Health, iSolve, Patiently, FarmaTrust, SimplyVital Health, IBM, Change Healthcare, Microsoft, Optum.

The United States, Europe, China, Japan, Southeast Asia, India, Central & South America region hosts the dominant blockchain in the healthcare industry by market share, growth, trends, regional scope and technological advancements made with upgraded IT infrastructure in this region. Some product segment in heal care Public Blockchain, Private Blockchain and Permissioned Blockchain.

ByDavid Adamson

10 Facts About Bitcoin That Will Blow Your Mind

The first Cryptocurrency Bitcoin is now most popular these days due to her market price, every investor and business tycoon are interested to invest in Bitcoin.

Nowadays Maybe you hear the many things about the Bitcoin, but there is still also some point which is not heard by anyone,

Here I am Share the Top 10 Unbelievable Facts about the Bitcoin, Read it carefully.

  1. Bitcoin was launched on the January 3rd, 2009 and was founded by Satoshi Nakamoto, but this is a Mystery many people think that the Bitcoin was launched by Satoshi Nakamoto and his team, while some other say that bitcoin is launched by these peoples Nick Szabo, Dorian Nakamoto, Hal Finney, Craig Steven Wright, and others.
  2. It was a myth that There is an infinite number of Bitcoins, Yes it is a true Bitcoins are not available in the infinite number they are present in the limited numbers that’s why Bitcoin has more value because it’s a fact a thing which is unique and available in limited quantity in this universe has precious value.
  3. The First Bitcoin transaction was made in 2009,  At that time 10000 Bitcoins were paid for two Papa Johns pizzas. I think this is the most expensive pizza deal ever.
  4. According to IRS, there are only 807 people exist who have declared Bitcoin for tax purposes.
  5. Genesis Mining is a Bitcoin cloud mining company has sent the bitcoin in space in 2016. This process is done with the help of 3D bitcoin model and a bitcoin paper wallet.
  6. James Howell is the most unlucky man because he’s lost her 7500 bitcoins because he was throwing his hard drive which has his bitcoin wallet. That clearly indicates that once’s you lost bitcoins you will never get them back.
  7. A technology called blockchain is the only way to see your all bitcoin transactions, all bitcoin transaction is transparent.
  8. University of Nicosia, Cyprus is the first university which accepts the bitcoins as a student’s academic fees.
  9. There is a formula to calculate the bitcoin value and it is measured in the Satoshi/byte. 1 Satoshi = 0.00000001 Bitcoin.
  10. Microsoft, Dell, and Expedia are the top companies who accept the bitcoins as a payment.
ByDavid Adamson

Cryptocurrency: Defination, History, Process, Advantages

What is Cryptocurrency?

Over the last couple of years, the Digital world is rapidly increasing and almost covers all sectors, Digital money or Cryptocurrency is one of them. It is a digital currency which is created and managed by different encryption techniques known as cryptography.

Cryptography’ is a term used to code and decode some message with the help of some technique.

A Cryptocurrency is a form of digital money which is linked to the internet and 10 times secure to the current form of money. This type of money is secured by the cryptography process.

Evolution And History Of Cryptocurrency

Cryptocurrency is the amazing and unbelievable example of current technology and changes the view of business persons towards the money.

A technology named as Block Chain technology has played an important and beneficial role to raise digital money. The first Cryptocurrency is Bitcoin which is a peer to peer Electronic Cash System founded on January 3rd, 2009 by Satoshi Nakamoto.

There are many types of digital money currently running in the world. Bitcoin is very popular among them. Here I am sharing names of some Cryptocurrency.

  • Bitcoin
  • Dash
  • Ripple
  • Dogecoin
  • Litecoin
  • Peercoin
  • Ethercoin

The Cryptocurrency market is now worth more than $100 billion and almost every country now used the digital currency for their private investment.

How Cryptocurrency Works:

It composes of a Blockchain which consists of a computer file and documents which are distributed over the Internet and shared by its holders. The record of each and every transaction is kept secured in that Blockchain. And this chain is run by miners who kept a record of transactions and also cross verify them. Their work is to maintain the confidentiality and authentication of information and also to update the transactions. Value of Cryptocurrency is depended on demand and supply. And there is no interface like bank between seller and consumer; hence they share peer to peer transaction. And their identity is not revealed.

Advantages of Cryptocurrency

  1. Cryptocurrency is in the Digital form it can neither be transferred nor received. Hence, there is no possibility of fraud and user can safely use his money.
  2. The data is encrypted so there is the least possibility of being hacked or attacked by intruders.
  3. No charge for fees to do online transaction.
  4. Money can be easily accessed and exchanged according to market rates.

So this is all about the Cryptocurrency now you can easily decide Digital currency changes our future and why people love to replace it with visible or non-digital money.

ByDavid Adamson

What is Tokenomics? Everything You Need To Know

Tokenomics is the economics of tokens (cryptocurrencies). It is the study of token behaviour to read and analyse the token value over time as well as the factors that affect the token price.

What is Tokenomics?

Tokenomics usually include things like the total number of tokens, token distribution, token holding, token listing, trading, etc. The overall purpose is to incentivize positive growth of the respective token.

Until now, money or currencies were only issued by central banks under the guidance of governments. But cryptocurrencies have changed that. These are decentralized currencies which can be issued by just anyone, even individuals seeking to create their own micro-economies around the blockchain network.

So, basically, tokenomics is all about tokens: how they are created, sold, traded and increase/decrease in value.

How Does It Works?

So, how does it all work? Let’s see. The economics of tokens is governed by factors like token distribution, price, governance, adaption, etc. Let’s discuss each in details.

Token Distribution is how coins/tokens are circulated in the market in order to increase their applications as well as value. This is achieved in many ways. For instance, cryptocurrency mining is an activity where miners are rewarded with new coins. ICO (initial coin offering) is another method that companies utilize to distribute their tokens in the market.

Importance of Tokenomics

Another thing of importance in tokenomics is the price stability of tokens. Cryptocurrencies are volatile in nature, as their value change very frequently owing to demand and supply. Networks need to take care of this by maintaining sync between the supply and demand of their tokens in order to create a stable price.

Since cryptocurrencies are not controlled by any centralized entity such as banks or the government, the team behind a project is itself responsible to devise the rules for the creation (mining), distribution and trading of its tokens. While some projects choose to release all their tokens at once, some others prefer to hold a few tokens in reserve to be released later. The ‘burning’ of tokens is another popular method followed by some networks to help control the volatility of their tokens.

Governance of tokens also involves devising the rules for incentivising people who purchase, hold or use the said tokens. For instance, some networks reward their users for holding the tokens rather than selling them back.

Future Adaptation Of A Token

Moreover, tokenomics also details the future adaptation of a token and defines how the token will change over time. The team or developers behind a crypto project do not know whether their product will work in the future, this is why they need to make provisions to alter the way tokens are operated in the future, if need be. This is crucial in order to maintain a constant interest in the token.

For example, the supply (release, sell and trading) of Bitica coins is completely governed by the underlying rules devised by the team. A total of 18 million coins will be released, not more than that. The rules for the distribution of tokens are also mentioned in the project whitepaper and on the website.

ByDavid Adamson

Everything You Need To Know About X20 Mining Algorithm

The X20 is a new cryptocurrency mining/hashing algorithm which was founded by the Pieta.Network on the concept of the X11 and its successor hashing algorithm.

The fundamental working is the same, which is to increase the hashing of the mining process to make the overall process (and transactions) more efficient and secure. However, the X20 algorithm was created with another major purpose of reducing energy consumption in the crypto mining process.

How does the X20 Algorithm work?

The X20 algorithm is a proof-of-work mining/hashing function which provides a cost-effective alternative to high-end mining hardware such as Application-Specific Integrated Circuits, or ASICs.

The X20 algo works by enabling 20 round of hash functions, instead of just 1 or 2) for each mining transaction, therefore, encrypting each new value with 20 separate hash functions, thus increasing the security and efficiency of blockchain transactions.

Now, the X20 algorithm also speeds up the block creation process to less than 20 seconds by reducing the block size to 2 MB, in the Pieta project. The increased efficiency not only improves the mining speed but also makes it more energy efficient by keeping the mining hardware cool, as more blocks are now produced in less time and with less effort.

As the mining algorithm becomes more powerful, less power is required to produce each new block.

How can the X20 algorithm benefit us?

The biggest advantage of the implementation of the X20 algorithm in the mining process is the increased productivity and profitability for the miners.

But that’s not all, it also makes the overall process more energy efficient.

Benefit for the Environment

As the X20 algorithm limits energy consumption in the mining process by keeping the hardware cool, the emission of harmful gases and carbon is also limited by a great extent, thus making the bitcoin mining process more friendly to the environment. It also helps limit the cost of energy in mining.

Benefit for the Miners

The main benefit of X20 is for the miners who are troubled by the high cost of mining hardware and energy. The use of this algorithm is expected to reduce energy consumption in mining by as much as half, thus effectively reducing the cost of mining and increasing profitability. Low energy consumption means that the overall profits of miners will increase.

Pieta, in addition to the new X20 algorithm, also focuses on the use of green solar energy in the cryptocurrency mining activity, thus limiting the adverse impacts of mining on our ecosystem.

ByDavid Adamson

An Informative Guide For ICO Investing

What Is ICO Cryptocurrency?

ICO (Initial Coin Offering) is a common choice of fundraising for cryptocurrency startups. This involves the company putting a part of its future crypto tokens on sale in exchange for initial funds. This is beneficial both for the company and for the token buyers.

The ICO gives a startup a perfect and affordable way to raise money to carry their project requirements, while at the same time, strategic investors get an opportunity to invest in a market where a high return on investment is almost guaranteed. Or is it?

In the past few years, crypto startups have managed to raise funds in billions of dollars and presently, it is being considered the most effective way to raise money for a new company.

However, not all ICOs are alike and not all ICOs can guarantee you an assured return on your investment. Therefore, it is important to choose and invest in a good ICO.

Here are a few tips for Investing In ICOs. You will also find here some reasons why you should consider investing in an ICO?

Things To Consider Before Investing In ICOs

The Idea

Know that you are not actually investing in a cryptocurrency, since the currency has probably not been launched yet, but in the idea behind that currency. So, the first thing you need to do is try to figure out whether the idea is worth your money.

Does the company/idea provide a Blockchain based solution to a problem which cannot be solved otherwise? If not, then the public would probably not be eager to adopt it.

Does a similar solution already exist? If yes, then why would someone be looking for the same product unless it has something unique to offer?

The website quality and appearance

You can tell a lot about a company or business just by looking at its website. The level of professionalism on the website, including the availability of proper and right information, is crucial. Look for the following things on the website of the ICO in which you are considering to invest.

The White Paper – a white paper detailing the layout of the project including all the information, proposal, idea, target market, etc.

The roadmap – If they are serious about the project, they must definitely have a project roadmap (timeline).

The team – a reliable company will always show the team behind the project to increase the user trust.

Website appearance – A company that desires to raise money from investors must be ready to invest in its own website. If they don’t, they are probably not serious about the project.

Business Experience

It is also important to check whether the company has any experience in the particular industry as well in general business market. Make sure that the team members are experienced and qualified in their specific areas. Whether the company has previously managed any multi million dollar business or any projects of the same measure. Who are the advisers, legal team members and investors of the company and so on.

Following are some other points to consider while investing in an ICO:

  • How many coins the company plans to hold and how many it puts on sale.
  • Whether the company has proper social pages and the level and quality of activity on these brand pages will also tell you a lot about the company’s reliability.
  • Search the project/company name in Google for scam alerts and to read the reviews from other users/investors who are associated with the name.
  • Also, look out for the past projects of the company. Ask for the same if not mentioned on the website.
  • Check out the individual profile of each of the company employees, team members, investors and partners for legitimacy.

You cannot be too cautious when it comes to finding the right ICO to invest in. Cryptocurrency may be one of the fastest rising markets on the internet, but it is also very much vulnerable to fraud. Be alert and take better decisions to find the perfect place for your investments.