looking for community direction  

  RSS
bleake
(@bleake)
Active Member

I'm looking for some great ways to research ICO's.  I'm new to investing by a few years, and certainly new to the crypto world.  I've definitely seen some good tutorials on Youtube but was hoping to have a little more of an interactive learning opportunity.   I'm hoping someone in the juntoverse can help guide me to and through some solid analytics.   My goal is the cultivation in our ability to effectively analyze ICO's to offer back to the juntocoin community.

Opportunity is missed by most people because it is dressed in overalls and looks like work - Thomas Edison

Quote
Posted : January 16, 2018 8:01 pm
admin
(@admin)
Member Admin

ICOs are such a new thing that there really are few experts.

I have not yet participated in an ICO, and not sure if I want to after seeing many perform poorly after the ICO is finished.

But getting down to something I do have a little experience, I might relate it to an IPO. Youy would likely do the following things:

Value the company, research the team, advisors, investors, any partnerships. Check out LinkedIn accounts, a deep dive into investors.

The next thing is you want to see what value the product has, what problem does it solve. And most importantly, you want to determine th emarket potential. This can be a difficult thing to assess if the market doesn't currently exists, but most ideas can be related to something that does exist.

You'll want to find out if there are other investors already, and what their expertise is, try to find their motivation for the investment.

What do they want to do with the money, what's the plan, the timeline....I could go on, and will a little later, getting late and I'm tired.

ReplyQuote
Posted : January 17, 2018 12:11 am
bleake
(@bleake)
Active Member

Thank you Ernie, again I appreciate your time and dedication to us through the beginning stages.  I have the ICO SelfKey in mind.  I had done some very basic research on them already, so it will be interesting to see how they pan out.   I will take your advice and start some of your recommended research there.  If anyone here in the juntoverse has an in-depth understanding of them already I would love to hear your perspective.

Opportunity is missed by most people because it is dressed in overalls and looks like work - Thomas Edison

ReplyQuote
Posted : January 17, 2018 10:54 am
bleake
(@bleake)
Active Member

I'd like to make a correction.  Its SelfKey, under the ticker (KEY)

Opportunity is missed by most people because it is dressed in overalls and looks like work - Thomas Edison

ReplyQuote
Posted : January 17, 2018 5:13 pm
admin
(@admin)
Member Admin
Posted by: bleake

Thank you Ernie, again I appreciate your time and dedication to us through the beginning stages.  I have the ICO SelfKey in mind.  I had done some very basic research on them already, so it will be interesting to see how they pan out.   I will take your advice and start some of your recommended research there.  If anyone here in the juntoverse has an in-depth understanding of them already I would love to hear your perspective.

It's probably going to take a couple weeks before the community here gets active, but the best way to ignite it is for people to take charge and produce content and research. If a new forum category needs to be created or a new group, then I'll do it. There's going to be a learning process for people to take full advantage of this tool.

ReplyQuote
Posted : January 17, 2018 6:47 pm
Sleake
(@samantha-ferber9gmail-com)
New Member

SelfKey is a blockchain based digital identity system that allows individuals and companies to truly own, control and manage their digital identity. Unlike many ICOs SelfKey was launched by a non-profit, SelfKey Foundation, whose charter and governance enshrines the principles of self-sovereign identity. Their team is comprised of four groups: Growth (15 team members), Design & Development (24 team members), Legal (12 team members), and Advisory (26 members). I still need to do more extensive research on these individual team members, especially the Founder (Edmund Lowell) and the blockchain developers.  Through my research I have found this ICO very exciting! They do solve a key issue facing people, companies, and financial institutions, however, this technology will only be successful at solving this problem if their blockchain coding is "bug free". It could actually be devastating if their blockchain was flawed in some way.  They have 37 partners including Passport.IO and other investment companies, Segasec, Polymath, and Varnas law firm.

The Problem:

  1. Identity systems are centrally planned and managed, and many have serious security issues. For example, the Equifax breach!
  2. KYC law and regulations are mandatory for relying parties such as banks, coin exchanges, real estate companies and agents, and precious metals dealers, and compliance is EXPENSIVE for these companies and institutions. The average annual, recurring cost of KYC compliance is 60 million USD for the average bank, but up to 500 million for others.

SELFKEY's Solution:

  • A technology stack with a free and open source identity wallet for the identity owner
  • A marketplace with real products and services available at launch
  • A JSON-LD (machine readable) protocol, connection to 3rd party micro services which comply with KYC laws and regulations
  • A native token called "KEY" which enable the SelfKey ecosystem to exchange value and information in an efficient, fully-digital, self-sovereign manner. This token is a ERC-20 Token called KEY ("Key to Encrypt Yourself"). It can be used to access products and services on the network. It will also be used to incentivize participation, good behavior and use. Certain actions on the network will also require an exchange of KEY and others will involve placing KEY in a locked contract (to access the network and prevent spam via an anti-Sybil mechanism).

After doing this research bleake and I discussed its potential for widespread adoption. He had some concerns, which he can reiterate here if he feels the need.  My initial standpoint is that this maybe a good long hold. It will most likely not get as much hype as something like Ripple, leading to parabolic gains, however, it provides a solution to REAL problems (identity theft and expensive KYC compliance). That, in my opinion, is way more solid than that of Ripples'.  Hence, my thought - "long hold". We don't use the phrase "HODL" in our household 😉  

ReplyQuote
Posted : January 17, 2018 7:19 pm
b.samson, Asaph Kim, Joseph Nagel and 3 people liked
admin
(@admin)
Member Admin

That's a good find, do they have current business or partnerships?

------

I think we'll need some sort of mechanism where we can accumulate coins and token symbols as things we are considering, so that they don't get lost in all the conversation. Another possibility is as the membership grows, we could designate groups and moderators to distribute the load of work that will be generated in organizing research.

ReplyQuote
Posted : January 17, 2018 10:09 pm
Stephen Berry
(@swb)
Eminent Member

@sleake & @bleake that is a promising one!

If we had forums organized like this:

  •  Research
  • --- subforum SelfKey
  • --- subforum Cardano
  • --- subforum OMG (and so on)

We could discuss the individual coins up for purchase. Maybe that would help?

You miss 100% of the shots you do not take.

ReplyQuote
Posted : January 18, 2018 7:56 am
bleake
(@bleake)
Active Member

Thank you @Sleake for your research, after yesterday I have a much better understanding of this ICO and am interested in it's progress.  I think we need to sit down and analyze the products implementation, and the coins financial mechanics for me to fully see and understand it's adoption potential. 

Stephen Berry, I think that would a great organizational construct for this topic. 

 

Opportunity is missed by most people because it is dressed in overalls and looks like work - Thomas Edison

ReplyQuote
Posted : January 18, 2018 11:24 am
bleake
(@bleake)
Active Member

Alright juntoverse, here is another ICO I think might be worth the research.  "PodOne" is the ICO and the ticker is (QBE). I'm not well versed in the call center world, but I certainly understand the desire to monetize employee lag time.  The idea seems adoptable from a business standpoint.  Without a linkedin account I haven't had a chance to look the team up.  From the small amount of personal info available I'm not capable of making a call positive or negative.  I'm attaching the Whitepaper and the website to this comment so anyone can retrieve them here.  @Sleake and I will do a more in-depth analysis if the juntoverse wills us too.

PodOne: https://podone.io/

end.

 

 

 

Opportunity is missed by most people because it is dressed in overalls and looks like work - Thomas Edison

ReplyQuote
Posted : January 18, 2018 2:37 pm
b.samson
(@bekele-samsongmail-com)
Active Member
Posted by: admin

ICOs are such a new thing that there really are few experts.

I have not yet participated in an ICO, and not sure if I want to after seeing many perform poorly after the ICO is finished.

But getting down to something I do have a little experience, I might relate it to an IPO. Youy would likely do the following things:

Value the company, research the team, advisors, investors, any partnerships. Check out LinkedIn accounts, a deep dive into investors.

The next thing is you want to see what value the product has, what problem does it solve. And most importantly, you want to determine th emarket potential. This can be a difficult thing to assess if the market doesn't currently exists, but most ideas can be related to something that does exist.

You'll want to find out if there are other investors already, and what their expertise is, try to find their motivation for the investment.

What do they want to do with the money, what's the plan, the timeline....I could go on, and will a little later, getting late and I'm tired.

They do say in ICO's you're betting on the jockey NOT the horse!!

 

would also like to add:

* Funding cap on ICO. Avoid large..less is better Ideal is  10-20million. Look at allocations

*  what % of tokens are being released and what % kept by creators.

* VC investors involved? Who, how much what's their share.

We can create a checklist.

ReplyQuote
Posted : January 21, 2018 6:46 pm
Share:
  
Working

Please Login or Register