Ignite Q&A 2020:
AS promised here are the answers to your questions over the last week.
Q: What are the projected timelines for different phases of the project?
Phase 1 is estimated to launch in March 2020.
Phase 2 will begin development when sufficient funds are available, this will be largely dependent on our capital raising efforts which are ongoing.
Q: A lot of IGNX holders wouldn’t care even if you sold lemons as long as there is token appreciation — when might this happen I.e IGNX on a decent exchange?
Discussions are currently ongoing with a very reputable exchange…
Ignite was initially launched with the vision to disrupt traditional credit ratings. We started with Crypto ratings as it was an easy market to target and certainly was needed at the time we launched our ICO. While crypto markets have suffered over the last year, traditional markets have continued to thrive and continue to offer many opportunities.
New regulations across Europe have increased the cost of capital raising, especially for SME businesses. A solution which lowers the time and cost involved can have massive implications for capital markets. …
As previously announced, Cornucopia is the first licensee of Ignite’s technology, which it intends to leverage for its first-of-a-kind pre-IPO ratings and investment intelligence platform. This partnership brings a number of benefits to existing IGNT token holders, while allowing Cornucopia’s platform to be live shortly after the conclusion of its own token generation event.
Cornucopias HORN token is an ERC20 utility token which will provide access to a platform that permits its users to rate and review pre-IPO assets, for exciting companies such as: WeWork, SpaceX, Airbnb and many others.
The Ignite “HIVE”, Ignite’s online ratings community, will be used to decide which projects are accepted into the Catalyst Incubator and, as IGNT token holders, will have exclusive access to early stage pre-ICO fundraising rounds of Catalyst-incubated projects.
Catalyst is currently working with three projects which it plans to bring to ICO over the next 9 months. More information on these projects will be made available to the HIVE following the close of the Ignite crowdsale.
In the traditional finance world, secondary offerings take place when a company sells shares which are not in circulation after an Initial Public Offering (“IPO”). The company might have a number of reasons to do this. For example, shareholders might want to exit shares for liquidity, or the company might need to raise more cash. There are two types of secondary offerings, a non-diluting secondary, and a diluting secondary.
Non-Diluting Secondary Offerings- are shares held by the company that are released into the market. This offer has no effect on share prices. …
I’m often surprised how many people ask me why asset ratings are important in crypto. The fact is that asset ratings make the financial World go round, and you probably would struggle to buy anything without a credit rating, how so? Well, think about the last time you asked your bank for some form of credit, no doubt they will want to know how they are getting paid back. Thus, to answer that question you are usually presented with a pile of paperwork to complete. The bank also wants to be updated on your financial position and future business prospects…
There have been a huge amount of inbound questions from everyone interested in contributing to the Ignite project. Our team at Ignite will be making a series of posts to address all of your questions, and today I will focus on a couple of our most popular questions: “is Ignite a fund?”, and “what is the income potential for IGNT token holders?”.
Is Ignite an Investment Fund?
The simple answer is no, it cannot be said that Ignite’s Initial Coin Offering (“ICO”) structure is an investment fund. It is first and foremost a fundraising structure to support the build and…
When I was first introduced to ICOs as a capital-raising tool, I was instantly fascinated. I noticed that the majority of ICOs produced an amazing return for early stage investors, but I struggled to find quality information to determine which were worth investing in.
In the traditional world of finance we have a huge amount of resources available to help us research an opportunity. For example, the IPO process is highly-regulated, regulators approve the offering, terms are clearly defined and backed by a legal structure. …