What is ICO?

If you are not an investor, your friends will tell you something about this thing. If you are not interested in economy updates — you`ll be followed by an internet advertisements. If not — you’ll definitely hear strangers discussing this on the street. Anyway there is a little chance that you`ve never heard about the thing called ICO. However, what stands behind this acronym and how can it attract interest you? The Coin Shark will tell you what’s what.  

Belgian, Dutch and English businessmen traded stocks on the exchanges already in the 16th century. Today we have a complex stock market system and its total capitalization reaches as much as $65.6 trillion that is 18 times bigger than 2017 US budget total revenue. However, are stock market mechanisms really that reasonable for modern economy actors as the economy is shifting to the digital space deeper and deeper? Strict regulations of stock issue and trade, stock company establishment, stock exchanges operation — is this a vital playing field or just artificial barriers to make world economy even a more complicated thing? Anyway, if the internet digital space does not depend on borders and jurisdictions that much, why don’t we use the opportunities it provides and attract investments to make our idea come true? The possible answer to these and also many other questions appeared to be ICO (initial coin offering) — a sale of digital “shares” free of state regulations. Any company or an individual can issue these coins, usually based on blockchain—platforms, such as Ethereum.

ICO is a brand—new investment tool. It has a lot in common with initial public stock offering (IPO) because in both cases an issuer wants to collect investments by a public sale of project—related rights to implement the project. Usually it is a right to get dividends, that is ensured by a stock on an account or in the pocket (IPO) and by a token on a digital wallet (ICO). A token is an internal currency of the project. Investor can purchase it for fiat money (US dollars, euros, russian rubles, yuan, etc.) or for cryptocurrency. The token can be both a kind of “stock” and a form of “money”. Depending on a project, token holders can use them to pay for services and goods, to get dividends or trade tokens on cryptocurrency exchanges.

ICO—campaign usually includes several stages. The first one is a so—called pre—ICO when a limited number of tokens is sold at a reduced price. Then the main stages come. There can be several main stages held within days, weeks or even months one after another.

The first ICO ever was a cryptocurrency project Mastercoin that collected $5 million in 2013. Today there are thousands of ICO projects offering to invest in the creation of payment platforms, blockchain—banks, cloud services, transport systems, artworks monetization platforms and many other things.Unfortunately, though blockchain technology is rather reliable, ICOs happen to be scum quite often. This investment method is very attractive but indeed has its risks. While some gain millions out of ICO and implement promising projects, others accuse this investment tool of being too unreliable, risky and of having uncertain legal status. One thing is obvious — the world is observing the development of cryptocurrency market (that also includes ICO). Probably Mastercoin made as important step in 2013 as The Dutch East India Company made in the 16th century when it issued first tradable stocks on Amsterdam stock exchange. Will the ICO and cryptocurrency market be a basis of new, truly free economy, or will it take its place in history as the greatest “bubble” ever —  the time will show. What’s left is to make a decision whether to risk or not.

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Skynavpro™: Safety In the Air Traffic

Have you ever thought how many air flights are conducted in the sky everyday? More than 100,000 per day. With the scientific development and aviation itself, there has appeared a new type of flights – unmanned, using  UAV (Unmanned Aerial Vehicle, commonly known as drones). As you may have deduced, controlling all of them is a tremendously hard work; airports have no margin for error, thouthands of people’s lives are at stake. Thus, it is essential to advance navigation system, which Skynavpro™ is prone to do.

What is it itself?

Skynavpro™ is a navigation software integrated in a specially developed hardware for communication, collision avoidance and live tracking for general aviation. Its shape is a single portable box, where all the information is being saved.

The goal of the project is to create a cockpit architecture based upon portable devices. Moreover, the Team has also decided to develop blockchain-operated flight-planning and tracking platform to secure all the information on blocks inside the box.

What does the project offer?

Skynavpro™ provide all relevant flight information in one box. All you need is just buy the necessary hardware, install them and enjoy the following services :

  • free planning and navigation;
  • flying weather data;
  • 2-way text communication;
  • worldwide tracking;
  • a traffic monitor for collision avoidance;
  • SOS emergency calls.

The services are provided depending on the account: free or premium. The hardware that you may need divides into types. The first, the basic one, is BlueLine, it gives the possibility of communication for tracking and weather data. The other one is RedLine, which completes the former  through the integration of collision avoidance systems, like ADS-B (Automatic Dependant Surveillance – Broadcast) and FLARM.

ICO details

The token of the project is SNP, the total amount of which is 400 000 000, but only 240 000 000 goes for sale. Pre-ICO has already started, it will last till December 31. During the pre-ICO, the distributed amount of tokens is 60 000 000, and the price of SNP equals $0.035 + (50% Bonus). Though, during the ICO itself, the distributed tokens will increase to 100 000 000 and the price of SNP will become $0.070. The hard cap is $9 million, the soft cap is not required. The accepted currency is ETH, as the token is based on Ethereum protocol.

If you are interested in the project, please follow the link to find more information.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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The True Form of Bitcoin and Forecast for the Future

Now it is hard to find a person who has never heard of Bitcoin’s existence. But the vast majority of people do not fully understand what it is and how it really looks like. In this article we will discuss the true appearance of Bitcoin, and also find out whether BTC can have physical form.

1. What does Bitcoin look like?

We briefly remind that Bitcoin is the very first cryptocurrency in the world, it was launched in January 2009. This is the first decentralized payment system in the world, in which interaction takes place exclusively between users, and does not require regulation by intermediaries. It works with the help of blockchain technology, which guarantees security of transactions.

The Bitcoin network is a chain of blocks, which store information about every coin transfer in the entire history. Each block has timestamps as well as encrypted information about the previous block. This data is stored on every miner`s computer all at the same time, thus it is impossible to change anything in the registry. So, basically, Bitcoin is just a record in blockchain.

2. Is there a Bitcoin in physical form

It is very difficult for the vast majority of people to imagine something that does not exist in the real world. Some enthusiasts have begun issuing physical Bitcoins for this reason. What is it? The actual Bitcoin coins appear in the form of physical wallets. They are intended for safe storage of coins, as well as for offline payments. There is a wallet`s address that can be found on a coin, which is publicly available, as well as a private key, which is hidden by special hologram.

Source: https://www.coindesk.com/

The first physical coins were issued in 2011, produced by Mike Caldwell. The circulation was 3500 pieces, it is worth saying that the author mined those digital assets by himself. These coins were sold out very quickly, so in 2013, Caldwell released the next generation of physical bitcoins, which had new design.

3. What are the prospects for Bitcoin?

The first digital coin in history keeps leading position for almost 10 years and remains a powerhouse for the entire industry. The very first exchange rate of the coin was 1 dollar for 1.309.03 BTC. We remind that the coin’s rate in December last year was above $20,000, and then started falling down. Bitcoin costs about $3,300 now (according to CoinMarketCap).

No doubts, it is the biggest asset value increase in the history of mankind. Many cryptocurrency experts predict a great future for Bitcoin. Coin emission is limited, mining complexity increases every year, and users base is growing. All these factors will certainly have a positive effect on the cost of the asset in the future.

Bitcoin has one big problem that slows down its development – a small bandwidth. The network is able to perform only 7 operations per second. This It means that the more people will use the system, the longer it will take to wait for transactions confirmation takes to wait for. Sometimes it can take hours or even days.

4. Conclusion

Many people wonder: How does 1 Bitcoin looks like?” In general, BTC does not exist in physical form, it is just a set of data stored in the blockchain. But the enthusiasts created physical analogs of coins, mostly for collectors. They are physical wallets, made in the form of coins. Bitcoin`s future is not fully defined yet, but the majority of experts believe that the peak of its popularity is still ahead.

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Money Evolution: From Appearance to Cryptocurrency

The money is the most genius invention of mankind. During its long history, it has repeatedly changed its conceptual design. And each stage was accompanied by a qualitative leap in the development of human civilization. In this article we will talk in detail about money, its history and future prospects.

1. The main functions of money

The Money is fairly universal tool with the help of which you can perform many tasks.

  • Circulation tool. In turnover, money is a mediator. In order to effectively perform this function, money should be easy to deal with, and its transfer from one person to another should be fulfilled as soon as possible.
  • Payment tool. Each product has its own price, money allows to simplify the process of exchange of goods and services significantly.
  • Accumulation tool. Some of the unused funds can be accumulated for the future, but it is very important to diversify risks and not to keep money in one currency, because, in terms of inflation, its purchasing power in future may significantly decrease.

2. The origin of money and its evolution

The money origin is rooted to the times of primitive people. The development of money can be divided into several stages.

  • The first money. The money did not exist as such in human civilization at an early stage of its formation, at that time primitive people had barter. The first elementary monetary funds began to appear at the time of the division of labor. Different tribes used the various goods which were available to them  as the money. For example, cocoa beans in Mexico, animal skins in Siberia, pearls in South America were used as currency, etc. Salt was another valuable resource.
  • Metal money. With the development of civilization, money acquires a metallic form. In the VII century B.C. the first coinage appeared. This format of monetary funds becomes very popular all over the world. The primary materials of which were gold, silver, copper and bronze. This type of money significantly increased the sales turnover between people and brought human civilization to a fundamentally new level. During this period begins the accumulation of large capitals.
  • Paper money. In 910 A.D, in China, the first paper money appeared. The appearance of banks marked the beginning of a new era of market relations. Banks have become major custodians of values. People handed them their money, and received paper certificates in return. This format have become so popular that over the time these certificates began to be considered as money, which we can observe nowadays.
  • Electronic money. A year of 1991 becomes a critical point in history, this is the year when the Internet begins to function. Banks actively pick up this technology and begin to use it after a couple of years. Digital money is much faster and more secure than paper analogues. They are still the most common type of monetary funds.
  • Bank cards. The world’s first plastic card was issued back in 1950, it was  used in order to pay for dinner in certain restaurants. And only in two years after that, the first bank credit card was issued  in the USA.
  • Digital coins. The history of cryptocurrencies begins in the end of 2008, it was the first time when people heard the word Bitcoin. The main feature of cryptocurrency is the lack of a single center that controls emissions and acts as an intermediary in the course of transactions, digital coins also can be mined, i.e., engaged in mining.

3. Prospects of cryptocurrencies

Some experts predict a total collapse of cryptocurrencies, other experts predict the world recognition and almost the transfer of all the wealth of mankind into blockchain. What does really awaits the cryptocurrency industry in the future? In fact, there is not a single person who will be able to predict its further development by 100%. We can only assume certain scenarios based on certain facts.

  • It should be noted that a very technological and a universal technology such as  blockchain lies at the roots of cryptocurrencies. Potentially, it can be used in almost any field of activity.
  • Cryptocurrencies have altered the very essence of the money: no one controls them, they can not be banned or blocked.
  • Even against the background of the deep correction of 2018, large companies, funds and private investors are beginning to be interested in cryptocurrencies.
  • The governments of the largest countries are developing a legal framework for the market. This will allow to promote cryptocurrencies  massively.

Along with that, the mass media is overloaded by bad news which is one of the reasons for the protracted correction. If you look at the cryptocurrency chart in longer term, you can clearly see the liquidity of cryptocurrency assets (20x growth), even taking into account their rollback from peak values by 70-90%.

Source: CoinMarketCap

4. Conclusion

Money is the greatest invention of mankind, they became the catalyst of the progress of human civilization. We are witnessing the formation of a new type of money such as digital coins. Only time will tell whether cryptocurrencies will be able to take a palm of victory and push out paper and electronic money. But it is worth noting that in the long run they have all the chances to do that.

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Dragonglass: Mine Crypto Quicky, Easily and Profitably

Mining is currently the main and most frequently used method of getting hold of digital assets. Despite the high level of popularity, mining is still relatively new, which means that there is much to be improved. What are the main shortcomings these days? Firstly, it is a very difficult process which requires profound fintech knowledge. This limits the range of people who can use it to minimum. Secondly, mining equipment and electricity fees are extremely expensive, so not everybody can afford it. Other disadvantages include harm to the environment, duration etc. How to fix there problems?

What is Dragonglass?

Dragonglass is a unique solution that will turn boring mining into an enjoyable experience. The project developers have created a special Dragonglass app that will let you play a game and mine DGS tokens at the same time. Getting started is super simple: you send ETH to the TGE address of Dragonglass, then download the iOS or Android app, transfer the purchased DGS tokens there and start playing and mining. With each completed level of the game, the amount of tokens will increase proportionally. There are 10 levels in the game, that means that you can increase your profits by up to 10 times. Moreover, you can keep playing even after Level 10.

Why should you choose Dragonglass?

  • it has a game-like infrastructure
  • it does not use resources of your device
  • it is much more efficient than conventional mining
  • it is affordable
  • it is simple and user-friendly
  • it is safe for environment
  • it is fun!

TGE details

The token of the project that you mine in the app called DGS. Since the app is free itself, DSG is required for mining. Its price is 0.000027 ETH. The token is created according to the ERC20 standard on Ethereum blockchain. The project has a hard cap of 30 thousand ETH with a minimum investment amount of 0.05 ETH. Dragonglass is currently running the token offering.

If you need more details on Dragonglass or you are ready to dive into the world of fun mining, go ahead and visit the official website.

The project is going to hold a special Christmas airdrop. You can participate here.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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GShare Helps to Expand Adoption of MGO Tokens

MobileGo team claim their products are being developed to meet the needs of both gaming community and blockchain enthusiasts.

Starting today beta-testing of MobileGo brand-new product is available for everyone. What is it and why is it worth attention?

What is GShare?

GShare is a special tool for earning GShare Gold. To make a long story short, it converts your computer power into GShare Gold coins. From some point of view it is ‘mining’, with the only difference –  GShare Gold is not cryptocurrency. GShare Gold is a soft currency to bring new possibilities to gamers, expand existing and also open doors to the world of blockchain, by saying that we mean earning MGO tokens using Gshare Gold. GShare Gold is earned without any extra efforts, user just need to run the app, press the ‘Start’ button and that’s it. User is already in, earning GShare Gold while playing his favorite games, working or doing whatever he wants to. Later on this GShare gold coins can be used on esports platform to participate in tournaments and win MGO tokens. GShare is interesting news not only for gamers. GShare is believed to  write a new page in history of social impact as well. So not only gamers can benefit from using GShare platform by earning MGO tokens for victories, but, people who want to make difference in this world, would be able to participate in socially important activities using GShare Gold. But first things first.

How to use GShare Gold earned with GShare

GShare Gold can be used on esports (competitive) platform that is also available for public tests from now. You can use GShare Gold as a tournament entry fee and earn even more with just personal gaming skill, and not only GShare Gold but the MGO tokens as well. The platform beta-version is already live and ready to use. The platform has been developed specially in such a way that no matter of skill level everyone, even people new to esports can find a decent competitors  and spend some good time playing, be victorious and claim his prize in MobileGo tokens. MobileGo team claims that soon GShare gold would also gain adoption in many other spheres. It is being said that GShare Gold will be accepted on social activities platforms to unite non-indifferent people which desire to change the world and make it a better place, which sounds quite intriguing.

How is GShare useful for MobileGo?

The holders of MGO have another cause for excitement. MGO is being accepted as a payment method in both Xsolla Pay Station and esports platform, which makes its adoption even more massive. The key moment is that players who used GShare Gold to enter the tournaments on esports platform and showed their best play and won can claim their victory bounty in MGO, so MobileGo token has all chances to become desired by numerous gamers around the globe.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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“Don’t do it in Beijing”: Chinese Authorities Banned Security Token Offerings

According to Chinese news media outlet Caijing, Beijing government decided to do away with any types of token sales, namely they banned security token offering (STO) in “Northern Capital”.

The statement was announced at the ‘2018 Global Wealth Management Forum’ by Huo Xuewen, the chief of Beijing’s Municipal Bureau of Finance:

“Recently, ICOs have been abandoned, and a new concept called STO has been advertised. With today’s platform, I will make a risk warning to those who are propagating in Beijing and want to issue STO. Don’t do it in Beijing. If you do it in Beijing, you will be taken away from illegal financial activities. When we have the authority to approve you to do an STO, we will say.”

The STO is a friendly-regulated kind of an initial coin offering (ICO). The STOs are enable to possess securities or stakes in business, as well as get the profits from it. The tokens represent tangible assets.

We remind you that China banned all foreign ICOs inside the country back in April this year. The SEC also decided to introduce fines for celebrities who promote scam ICOs.

SEC Is Going to Fine Social Media Celebrities Who Promote Scam ICOs

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