ICO is dead, long live TGE!
Blockchain has come under attack by ICO scammers.
On the one hand some people have made easy money on the ICO hype, on the other hand a lot of people have made a loss. But something good did come out of this — hundreds of experts and professionals from traditional economy have looked at blockchain and new funding modalities and have started catching the trending opportunities. The ICO hype wave is almost over and at the same time a door of new opportunities for experienced people has opened.
If 2017 was the year of the ICO, 2018 is the year of a great ICO hangover. Nowadays the ICO funding speed has slowed down. But still, the crypto space is littered with projects that promise x10 (less or more). Those endeavors are telling us success stories and tend to make us look at facts through rose-tinted glasses. There are cryptofunds and crypto-pools that still want to believe in ICOs reaping huge returns. Do you know a lot of businesses that are able to make a quick profit? I don’t.
“When’s Lambo?” — that is the question!
It seems people just want to make money and profit. They don’t really care about the tech, the innovation and the usage of the crypto. Blockchain scams aren’t much different from other types of investment fraud. Whether you dress it up as an ICO or a hedge fund, the grift generally works the same — convince audience that you can make them rich. This is absolutely not our way.
Pivotal moment
It seems to me, the biggest question in the world of crypto — what is the best real-world use case for cryptocurrencies? Is it digital money, new gold or a medium of exchange for the global market? Now, after the meteoric rise in ICOs, we can say for certain that speculation is almost over and the blockchain technology is gradually being introduced into traditional economy. And this is exactly what we are going to develop. It’s our way of combining the real world economy with blockchain technology and crypto possibilities.
No more ICOs
The projects declaring that they are developing ICO are in most cases either scammers or incompetent. And the marketing specialists advising to use the term ICO do more harm than good because there is no hype any more and there won’t be any traffic either. Let me explain.
ICO is dead, long live TGE
Up till now there has been no difference between ICO and TGE. At this pivotal moment I suggest to adopt Token Generation Event (TGE), a term comprising all funding methods implemented through a token (including security and utility). Typically, token can deliver multiple benefits and they are not offered, they are generated. The first question that a project’s core team has to answer is what type of token to generate? Depending on their function, crypto tokens might be classified as Utility tokens or Security tokens. Utility tokens are simply app or user tokens. They enable future access to the products or services offered by a company. Therefore, utility tokens are not created to be an investment. But that doesn’t mean that they don’t bring any profit. They have a certain use case inside the project and don’t represent company’s share. Nevertheless, Utility tokens may grow in price, if the demand for service or product increases. So buying the tokens of a project, that is constantly being developed and improved, may give a great profit in the future. On the other hand, Security tokens give their holders ownership rights of a company. Security token’s value is derived from a tradable asset; subsequently, it is liable to government laws controlling traditional securities. Security tokens can be utilised to replace company shares and voting rights during conventional IPOs. I’m sure you’ve noticed that we are talking about tokens, not coins now.
The Crypto BrainTrust Syndicate
Realizing this trend, at the beginning of 2018 I had an idea to organize a world group of professionals supplying startups and investors with comprehensive expertise and knowledge in blockchain and crypto. We set up a community dubbed the Crypto Braintrust Syndicate (CBTS). Working together we hope to be able to mobilize resources of expertise for meeting the needs of the market. Today CBTS consists of more than 100 professionals from diverse areas of economics. The CBTS serves as a private club uniting blockchain pros and is closing the gap between information and opportunity, it offers a wide range of services for connecting companies and individuals.
The benefits for the CBTS members
For their projects:
- economics audit and due diligence;
- legal support;
- recruitment of experts and specialists;
- reviews for media;
- fundraising.
For our specialists and experts:
- a meeting point and a marketplace where your services, expertise and knowledge will be put to good use for the specific needs of blockchain projects.
If you want to be updated not only from social media but also to know what’s going on from actual players join the Crypto BrainTrust Syndicate!
We are open for professionals and will be glad to consider your applications. For details please visit our website — cbtrust.co.
