An initial coin offering (ICO) or initial currency offering is a type of crowdfunding using cryptocurrencies. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. The tokens sold are promoted as future functional units of currency if or when the ICO’s funding goal is met and the project launches.
An ICO can be a source of capital for startup companies. ICOs allow startups to avoid regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges. ICOs may fall outside existing regulations, depending on the nature of the project, or be banned altogether in some jurisdictions, such as China and South Korea.
ICOs have been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering, while almost half of ICOs sold in 2017 failed by February 2018. Despite their record of failure and the falling prices of cryptocurrencies, a record $7 billion was raised via ICO from January-June 2081
The first token sale (also known as an ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising 3,700 BTC in its first 12 hours, equal to approximately $2.3 million at the time. An ICO was held by Karmacoin in April 2014 for its Karmashares project.
ICOs and token sales became popular in 2017. There were at least 18 websites tracking ICOs before mid-year. In May, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds. Messaging app developer Kik’s September 2017 ICO raised nearly $100 million. At the start of October 2017, ICO coin sales worth $2.3 billion had been conducted during the year, more than ten times as much as in all of 2016. As of November 2017, there were around 50 offerings a month, with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).
Kik had previously issued $50 million in tokens called “Kin” to institutional investors, and sought to raise an additional $125 million from the public. In connection with this ICO, an unidentified third party executed a phishing scam by circulating a fake URL for the offering through social media.
By the end of 2017, ICOs had raised almost 40 times as much capital as they had raised in 2016, although still amounting to less than two percent of the capital raised by IPOs. According to industry newsletter Cointelegraph, companies raised around $6 billion via ICOs in 2017; 37% of that amount was made by only 20 ICOs. Already by February, 2018, an estimated 46% of the 2017 ICOs had failed.
ICOs are sometimes called “token sales”. Amy Wan, a crowdfunding and syndication lawyer, described the coin in an ICO as “a symbol of ownership interest in an enterprise—a digital stock certificate” stating that they are likely subject to regulation as securities in the U.S. under the Howey test.
Ethereum is (as of February 2018) the leading blockchain platform for ICOs with more than 80% market share. Tokens are generally based on the Ethereum ERC-20 standard. According to Cointelegraph the Ethereum network ICOs have resulted in considerable phishing, Ponzi schemes, and other scams, accounting for about 10% of ICOs.
On January 30, 2018, Facebook banned advertisements for ICOs as well as for cryptocurrencies and binary options. By April 9, 2018, ICO advertising has been banned not only by Facebook, but by Twitter, Google, and MailChimp.
According to the main purpose or fixed design of this article , I will be presenting you a particular undisputed project called: “RIPAEX”
WHAT IS RIPAEX?
RIPAEX.IO is a hybrid-decentralized exchange with a strong focus on lowering the entry level of opening new exchanges and giving crypto traders safe and secure trading partners to operate on a daily basis.
The Ripa Exchange Trading Console is a fully responsive trading UI built with responsive design to save you time and money, while enabling your clients to conveniently access your content on any device.
Ripa Exchange specializes in designing beautiful interfaces for content while balancing your application to be consistent as viewport increases.
Ripaex.io now at the beginning of the year a crypto company with certain characteristics, with the many and high current trading crypto-markets that dominate the market. partnership Ripaex.io Become one of the big companies that will be very successful in the future. Trading in the world of cryptocurrency never escaped the rise and fall of the currency-dollar fluctuations and the exchange of coins, this is a natural thing that is felt by crypto-trading companies. Moreover, the company has no creative idea that the system can keep out of investments, of course this is a disaster that can be fatal with the destruction of the company. Decentralized investment funds on the blockchain platform for investors around the world are an effective philosophy offered by this platform. With the vision and mission of the concept of mutual benefit between the project owner and the token owner. With so many markets in the world of cryptocurrency this year that competitors of many companies who act or trade should have more unique functions and creativity, this could be one of the success points that the crypto-trading community can achieve.
Ripa Exchange will be free of charge for exchange managers: you will have only to pay for server, network security operations, call center operators and other resources needed to run an exchange and give platinum support to your clients.
MORE DETAILS ABOUT RIPAEX.IO
The team of RIPAEX.IO believes that, despite the recent developments in the world of cryptocurrencies, it is still expensive to open, manage and build trust on a newly created exchange not only for the resources need to run a reliable exchange platform but also for the build of the platform itself and to find the liquidity necessary to run a profitable business in the first 5 years gap.
Action is needed and action is needed now. Users are frustrated with unreliable exchanges that run away with their funds, got hacked or does not sustain the load of a growing industry of today. Despite the effort of exchanges managers to offer efficient, reliable, and easy to use platforms to trade entry prices for building such platforms is in the rage of 250-300 thousand euro and that does not include personnel cost to give platinum customer support, platform infrastructure and daily expenses for the business. All of that for then having an decent exchange platform for which you will need to pay an external software company to make changes as you request.
It is the aim of this project to give you an Open Source, efficient, reliable exchange platformand to give the needed liquidity1 to your newly created exchange from day one so you can focus on finding your customers, give platinum support and comply with all the heterogeneous laws in the industry. As we want that the customer experience will be the sleekest possible, while making it safer to trade.
Our mission is to build the world best open source crypto asset marketplace with a high performance trading engine and safety which can be trusted and enjoyed by users. Additionally we want to move the crypto currency exchange technology forward by providing support and add new features. We are helping people to build easy their own exchange around the world.
- Open Source – Peatio is a customizable cryptocurrency exchange solution architecture enables easy connection to KYC/AML, authentication, ETL/reporting, and other services.
- KYC Verification – Peatio KYC efficiently submits and exchanges KYC information to meet the banking supervisory standards and comply with Customer Due Diligence (CDD) requirements.
- Transparent & Configurable – Peatio is a true open source technology making it secure, transparent, flexible and highly configurable.
- Internationalization – Peatio supports a wide array of common languages, while improving usability for users all over the world.
- Proof of Solvency – Peatio Proof of Solvency (PoS) allows users to verify the solvency of the Peatio based cryptocurrency exchange without compromising user privacy.
- Multi-Accounts – Peatio allows to create multiple accounts and trading in multiple currencies. Peatio makes it is easy to trade different currencies.
- Enterprise Exchange – Peatio enterprise exchange features include a high-performance matching engine, scalable distributed worker threads, and SMS 2-factor authentication.
- Functional & Intuitive – Clean, user friendly registration and login interface. Personalized deposit and withdraw procedure and a built-in proof-of-solvency audi.
ICO AND TOKEN REVIEW
ICO TIME: 2018-07-02 – 2018-12-16
- Token Symbol <<>> XPX
- Price <<>> 1 XPX = 0.1 EUR
- Platform <<>> DPOS
- Accepting <<>> BTC, ETH, ARK, LISK
- Country <<>> Italy
- Whitelist/KYC <<>> KYC
MY OPINION CONCERNING THIS PROJECT
In my own perspective, I can seeRIPAEX as an innovative, incomparable and undisputed project with a great vision and unique ambition to be the most smartest and respective projects in the nearest future all over the globe.
Nowadays a lot of projects are being created in different countries, But not much of them with solid standard and good qualities as RIPAEX does.
For more or further details, please! Kindly follow the links below:
••BITCOINTALK USERNAME: Dprince2281
••BITCOINTALK PROFILE LINK:https://bitcointalk.org/index.php?action=profile;u=1907552;sa=summary