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A type of fundraiser in which a company sells a new cryptocurrency is known as an initial coin offering (ICO). In exchange for their financial contributions, investors receive cryptocurrency. In many ways, an ICO is the cryptocurrency equivalent of a stock exchange initial public offering (IPO) While ICOs have the potential to make a lot of money, their lack of regulation makes them extremely dangerous. ICOs are a quick and efficient way for start-ups to raise capital. If you can figure out which cryptocurrency is a good investment, you can make a lot of money. What if you had an idea for a new cryptocurrency system that you could fundraise for without giving up any ownership in your business? Let’s call it DenCoin for the time being. The only issue is that you need people’s money to create the currency. Then there comes the initial coin offering. Here’s how it works. You create a document outlining exactly how the system would function (typically referred to as a white paper), design a nice website, and explain why it’s a great idea that could be very useful. Then you ask people to send you money (usually Bitcoin or Ether, but you can also accept fiat) in exchange for DenCoin – they hope that DenCoin will be widely used and in high circulation, increasing the currency’s value. How do initial coin offerings (ICOs) work? When a company decides to hold an ICO, the date, rules, and purchasing procedure are announced ahead of time. Typically, the purchasing process entails sending funds to a specific cryptocurrency wallet address. To receive the cryptocurrency that they have purchased, investors must provide their own recipient address. The majority of ICOs require investors to pay with another cryptocurrency, the most popular of which are Bitcoin and Ether. Sometimes projects announce themselves on the Bitcoin talk forum under the altcoins section. From there on, they dissipate the information regarding the ICO and lure the attention of early investors. The number of tokens sold and the token price during an ICO can be fixed or variable. Here are a few examples of how this can be accomplished: A fixed number of tokens and a fixed price: Both of these are determined in advance by the company, for example, by offering one million tokens at a price of $1 per token. There are a limited number of tokens available at a variable price: Based on the amount of money received, the company sells a fixed number of tokens at a fixed price. More funding results in a higher token price. If one million tokens are sold and $2 million is raised, each token will cost $2. A fixed price and a variable number of tokens: The company establishes a fixed price but does not limit the number of tokens sold. Assume a company sells tokens at $0.50 each until the ICO is over. Anyone can launch an initial coin offering (ICO). Because of the low barrier to entry, this process is used to launch a large number of new types of cryptocurrency. The History and Evolution of Initial Coin Offerings MaterCoin was the first initial coin offering (ICO) in the cryptocurrency space, held in August 2013. They ended up collecting $600,000 USD in bitcoins after announcing themselves on the Bitcoin form. Ether became the second ICO in this space in June 2014. At the time, it received 31.5K BTC (bitcoins) in exchange for Ether (ETH). How to start your own ICO? There is a lot more that goes into the ICO process in order to successfully raise funds. The most important aspect is to have a cryptocurrency project that people want to support. You should also consider how the cryptocurrency you launch will fit into the larger scheme of things. A whitepaper outlining your project, roadmap, and short- and long-term objectives. Conduct market research on other ICOs on a website before launching a social media marketing campaign to establish a social media presence. Challenges of ICOs Some ICOs are done solely for the purpose of luring money from investors, which is then dumped into major coins like BTC/ETH to make profits for themselves. Many ICOs operate in very shady or non-transparent ways. If you can keep yourself updated and assess an ICO properly, you can certainly get a piece of such gem pies. Which is better: IPO or ICO? The primary distinction between ICOs and initial public offerings (IPOs) is that IPOs involve the sale of securities and are subject to much stricter regulations. To conduct an IPO, a company must file a registration statement with the Securities and Exchange Commission and obtain its approval. A prospectus containing financial statements and potential risk factors should be included with the registration statement. An initial coin offering (ICO) is the sale of a cryptocurrency rather … Continued

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Last Thursday, on 3rd March 2022, Twitter Inc announced the expansion of its crowdsourced fact-checking and content moderation program “Birdwatch” in a blog post (1). It would make notes on potentially misleading tweets visible to more users on the platform. The micro-blogging platform launched the project named Birdwatch last year as an experiment that asked […]

Upgrades that are in the offing include key elements of the scaling plan like pipelining, new Plutus CIPs, UTXO on-disk storage, and Hydra. These combined with further parameter adjustments will increase throughput and optimize the blockchain.

The process was successfully handled by SolidProof, which operates as a blockchain security firm. 

Boosting Investors' Confidence

Sincere Doge conducted the first stage of running a KYC verification process on January 25, 2022. SolidProof then proceeded with another version of KYC verification on February 1, 2022. Through both processes, the project hopes to curb security concerns, a growing menace in the crypto world.

The process also provided developers with various recommendations to improve the code's operations. Smart contracts usually apply complex codes that only individuals with technological experiences can handle. 

By continuously performing tests on the code, the security experts and project developers identify errors that may compromise investors. Furthermore, the process makes it easier for regular users who don't have technical skills to carry out an audit.

On the other hand, SolidProof's KYC solution will safeguard Sincere Doge from financial crimes such as fraud and money laundering. The solution accomplishes these goals by examining money laundering threats or verifying an investor's identity.

SincereDoge Presale is Coming Soon

SincereDoge will host a presale event in February 2022 and attain a hard cap of 300BNB. The platform's native asset ($Sdoge) is already live on CoinMarketCap and CoinGecko. Listing prices go for 183T Sdoge tokens, equivalent to 1 BNB. Investors can acquire more than 203T Sdoge from the presale price rate using 1BNB. 

Investors are limited to spending a minimum of 0.8BNB during the fundraiser. Sincere Doge targets to allocate 60% of its tokens to the presale and dedicate the remaining 40% into liquidity. 

Transaction charges are also applicable on every buy/sell trade. Thus, investors attract an 8% transaction fee whereby 3% of the charges go to NFT development initiatives. The remaining 3% and 2% will cover marketing activities and rewarding $Sdoge holders. 

Future Developments

In Q4 2021, the project managed to accomplish various goals during its inception. Among the activities that Sincere Doge concluded include social media marketing and its white paper/website launch. 

Moving forward, the project targets to obtain more than 100,000 holders within 2022. It may further feature other crypto trading platforms such as PancakeSwap, Coinsbit, and Coinbase. An additional exchange known as the SincereDogeSwap is also set to launch in the future. 

To engage the community, Sdoge hopes to form charity teams and participate in several donation events. Such charity initiatives help rescue dogs in need and create a stronger bond with the public. The donations will then fund the construction of an animal sanctuary.

About Sincere Doge

 Sincere Doge is an innovative ecosystem that intends to launch a meme coin with advanced transaction speeds. Investors gain holder rewards from every transaction that takes place in the project. More importantly, Sincere Doge guarantees security and transparency to its investors using SolidProof's security measures. 

You can read more about Sincere Doge and follow up on new developments from their pages:

Website: https://www.sinceredoge.com/

Twitter: https://twitter.com/sincere_doge

Telegram: https://t.me/SincereDoge_Global

Nix said his new position will allow him to fully support the expansion of Axie Infinity in the Philippines.

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The iFX EXPO Dubai will take place at Za’abeel Hall 6, Dubai World Trade Centre from 22-24 February 2022. Organised by Ultimate Fintech, the event will be at the UAE’s leading event venue and one of the largest exhibition centres in the world. With just over a week to go until the event, we’re heading […]

The post What to Expect at the iFX EXPO Dubai 2022 appeared first on Fintech News.

The crypto marketing company employs unique skills to ensure cryptocurrency projects are well-exposed for the world to experience. Furthermore, it ensures a strong relationship built on trust with all its clients while establishing more fruitful partnerships. More than anything, it aims at providing a clean slate for projects to develop trust with their users.

What Projects Can Expect from Crypto Virally

Crypto Virally is combining the best strategies available to make marketing a fulfilling experience. The crypto marketing agency leverages its resources to expand crypto project functionality from press releases to curating the best website copies.

According to a review by Bitrue crypto exchange, Crypto Virally has convenient services and a formidable team behind it. Its team aims to be the favorite crypto marketing agency, providing a push further in progressing crypto projects. 

One of the advantages of utilizing its services is increasing traffic to crypto websites. Moreover, it hopes to boost the social media presence of the projects through social media marketing steps.

Other services include Ask me anything (AMA) sessions, web design functions, creating extensive project awareness, and coming up and airing project content. 

You can count on expert dedication to provide you with excellent information on progressing your project. Furthermore, you have access to specialist advice and presence to ensure your marketing journey runs smoothly. One can depend on its security as it assures transparency, data security, and confidentiality as it carries out your marketing campaigns.

Versatility is Vital to Its Services

Every crypto service offers something different to its users. The same extends to what these platforms need when it comes to marketing. Crypto Virally is the bridge between crypto services, their users, and broadcasting the future of what they wish to present.

The crypto market is a growing industry with the potential to revolutionize the financial sector. There are over 13,000 coins in the industry today, with more coming in every day. This factor indicates the necessity of a good agency, versatile in knowledge and marketing options. Otherwise, the crypto market volatility and the competition would shatter the expectations you wish to get from crypto marketing.

Besides the broad array of services Crypto Virally has, it provides different payment options for its clients to increase convenience. The platform's blog contains extensive educational material to create more insights into digital crypto marketing.

It also expresses the extra costs most crypto companies expand in in-house crypto marketing. However, its services are an assured pathway for efficient marketing, more influential audiences at low costs. 

You can derive the best results for your crypto projects through dependable communication systems while delivering your objectives to trusted experts. Book a free consultation with Crypto Virally experts today for answers to all your crypto marketing questions.

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