Consider This, before Stepping in an ICO Trap!
After the big Crypto-Boom in 2017, the amount of ICO and Token Sales has surged exponentially. According to icotracker.net, there are literally thousands of ICO’s and Tokens out there. Knowing which ICO or Token to invest in could potentially be a huge headache for many uninformed investors. Understanding which ICO’s would potentially grow into sustainable companies and which ICO’s would be worth investing is crucial to the investor’s return on investment (ROI).
Many ICO investors neglect to see an ICO as an IPO. An ICO “Initial Coin Offering” and an IPO, “Initial Public Offering”, is similar in many ways. When a company goes public with an IPO, before you invest, you would research the company. You would look at the stakeholders (Founders), the company’s assets, its market share, growth potential and much more. It seems like most people forget that when looking at ICO’s, they are blinded by the whole “Get Rich Quick” trend, and thus they ignorantly invest in ICO-Traps.
March 31st marks the advent of KachingCoins’ pre-ICO sale. Having years of experience in Stocks and Forex trading and investment, also Business Development, the founders of Kaching have done extensive research on how to build a Sustainable and Complete Trading and Investment Ecosystem for Kachingcoins to be utilized and flourish. We have analyzed hundreds of ICO projects, the good ones, the bad ones, and the downright ugly ones. Knowing what works and applying our expertise and skills in a market we are famous for, we are confident that we have built the best ecosystem out there.
In a recent interview with Vitalik Buterin done at the ETHWaterloo hackathon held in Canada, he stated that more than 80% of ICO’s or ERC20 tokens launched on the Ethereum Platform will most likely fail. One of the major reasons for this failure is the lack of a sustainable business model (Ecosystem and no way to really utilize the coin in the ecosystem. Having a solid understanding of what Buterin said, Kaching has managed to design and create the perfect ecosystem for Kachingcoins.
Consider fiat currency, the time of the gold standard has been long gone, and the only reason fiat currency has got value is believe it has value, supply demand, and of course, a marketplace where it can be utilized. For a token or ICO to be sustainable it needs a few key underlying uses to be valuable. It needs a strong Ecosystem, a marketplace where the coin can be utilized, not just strong, but also large. Kaching Ecosystem has built its foundation strongly in the Forex, Stocks, Trading and Investment Industry, a market size of over USD$5 Trillion. Secondly, there needs to be a scarcity of the coin in order to create a deeper and stronger demand for the coin, Kachingcoins will be non-minable with only 247 000 000 KAC being released. Finally, there has to be a definite potential for market space expansion. Kaching Ecosystem already consists of KachingGlobal (Social Trading Platform), KachingBroker, KachingExchange (Crypto Exchange), KachingAcademy (Trading and Financial Training Institutes), Kaching R&D Lab (Future Fintech Products and current EA’s and AI’s) and of course Kachingcoins (KAC) the center and source of power of the Kaching Ecosystem.
In the future we will expand into further places of investment and capital growth, to truly become the Most Sustainable and Most Complete Trading and Investment Ecosystem Powered by Blockchain, this to provide tremendous value for each and every participant of the Kaching ICO.
In this series of blog posts, we have compiled a list of basic questions, which an ICO investor needs to ask before considering investing in any ICO. We will be exploring each point in detail through further blog posts.
ICO Investors should consider the following:
- How capable is the team, who are they?
- What is the ICO about?
- How does the Ecosystem work?
- How will the coin be utilized?
- How would funds be distributed?
- How are the tokens being allocated?
- How in depth is the Roadmap?
- How does the Referral or Bounty Program work?
- How strong is the Community?
- How secure is the system? (Internet Security)
Of course, there are more to look for in an ICO before even considering investing, but exploring these 10 points will most definitely protect you from most scrap ICO’s out there.
Have a look at our Whitepaper at: https://drive.google.com/file/d/1VDImRBOHQVYeDVSvy3qkkcgrn9vaeF43/view
Join in the conversation and tell us what you think. Here at Kaching we enjoy healthy debate and always strive to create a healthier, sustainable and downright better product.
Our Pre-ICO sale will start on the 31st of March. Stay tuned!
