Different Reasons Why #ICOs Crashed and Why Tokenize-IT is the Future, @tokenize_it
December 3, 2018 (Investorideas.com Newswire) There are numerous reasons why the market is punishing crypto, and more specifically utility tokens. Let's have a look at the major factors which have led to the crash.
Price Volatility:
There are two problems with Bitcoin being as volatile as it is currently is.
- When prices begin to crash, merchants do not want to accept it. Some industries are super competitive with tight profit margins, they cannot afford the risk of accepting Bitcoin unless it's converted immediately to fiat.
- When the price escalates as it did in December 2017/January 2018 the opposite problem occurs.
Flawed Business Concepts:
The only project that promises to be an option in the market so far is Tokenize-IT, others are at the very least, awful business concepts.
For example, some projects advertise themselves as 'AirBNB on the blockchain'. Ask how they plan on marketing and they have no idea. They somehow expect the average consumer to want to purchase bitcoin with no plans on ROI except their hopes on the token's value to rise. A sloppy business with no actual business plans.
Hard Forks:
The theory is that forks are evolution, there's a disagreement between management, and both parties go their own way to then 'fork' the code. The best fork then wins.
It may prove to be valid yet it causes issues:
- Market Confusion - The average consumer considers purchasing bitcoin.
- Dilution of Brand - The more forks, the more the value will decrease.
- Magic Money - Every fork teaches the market that this maximum limit is arbitrary, this destroys the limited supply concept.
Digital securities cannot be forked, this ensures the integrity of the brand and removes market confusion. Obstacles can be skipped only by those smart enough. Take the aforementioned project that goes by the name Tokenize-IT. They are the very first fully compliant platform for creating, launching and investing in tokenized assets.
Companies can conduct a compliant security token offering for verified accredited investors with both fiat and digital currency contribution options. Investors will use platform for securely storing their security token investments and managing their portfolio in a single dashboard.
Through our bank-grade compliancy standards, we ensure full KYC/AML due diligence is completed before an investor participates on our platform and meets accredited investor status.
Through our bank-grade compliancy standards, we ensure full KYC/AML due diligence is completed before an investor participates on our platform and meets accredited investor status.
While volatility remains a part of the crypto industry, Tokenize-IT will give you banking, finance, customer service, assistance in launching and sustaining your own ICO venture.
This means that not only will your business be backed by a company that is committed to the success of others, it also says a lot when you'll be able to acquire a broker/dealer license, supported by the government of Costa Rica, where Tokenize-IT owns the majority of the commodities.
By operating under a free trade zone regimen in Costa Rica, token offerings are exempt from income tax, capital gains tax and sales tax or value added tax, for ten years. Your venture will take advantage of costs and a firm business plan, preventing radical changes to the protocol that makes previously invalid blocks/transactions valid (hard fork).
Domiciled in Costa Rica, Tokenize-IT would seem to be ready to service the next generation of technology businesses, and scrape off any kind of disadvantages crypto ventures might face. Here's the link:
Genesis Exchange and Wallet App
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.
The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.
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