About the Contest
This is my entry for the sponsored writing contest organized by @monajam. You can find the contest here.
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Introduction
The introduction of blockchain solution through Bitcoin in 2008 was quite a muted affair initially, until the world stood up and noticed its real potential. By 2015, a number of blockchain solutions were presented as a whitepaper, and 2017 had a record number of ICOs. It is estimated that this rush of new concept launches will continue for at least half a decade more before we see it tapering down. The reason for tapering would be because of country-specific regulations coming into effect checking the ICOs.
In addition, the last two years saw a spurt in the prices of crypto-currencies with Bitcoin and all other coins touching a record high. This spike in prices coupled with lack of regulation, further accentuated the spurt in ICOs. As of today, we are looking at nearly 1500 cryptocurrencies being traded over 200 exchanges and with an almost equal number in the pipeline. The scenario is quite inviting for investors, especially individual investors, who are easily swayed by the market upsides.
A closer look though, does not give such a rosy picture. Less than half of the ICOs of 2017 were successful which means the investors who invested in the others lost their money. To add to that the really successful ones were evaluated quite early by seasoned investors and invested such that they never became available for public sale. In such a scenario, a not so prudent investor was bound to find the less interesting ICOs.
Any credible source of information on the ICOs would be welcome but there are hardly any. Even those that give credible information would do so as a reaction to market sentiments, which means it is quite late for investors as the token is already listed on the exchange. As such, the individual investors will only get a play in the market after the token is listed.
Having understood these crypto-market realities, the obvious question is if we have a solution which can help investors early on to not only figure out the best ICO but also get the pre-listing investment wave.
Turns out there is such a solution.
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We are talking about Vertex
Vertex is expected to be an ecosystem where seasoned investors from the real investment world are applying their expertise to the crypto-world. The result? A platform which has ICO details backed by in-depth evaluation and the same is presented to interested investors.
In their white paper, Vertex is described as follows:
Vertex is the world’s first ICO aftermarket platform and ecosystem that has a goal to fill a gap that the ICO rush has created. Vertex is NOT another cryptocurrency exchange, but more like a market for tokens that have been selected because they are likely to appreciate and are part of projects that have a high chance of success.
The whole idea is to list those ICOs with higher chances of success and therefore help investors to make money on their investments.
The other advantage of Vertex is that it brings to the investors those really strong ICOs which, in a world devoid of Vertex, would have been sold out in the private sale and never reached public sale stage. Besides, Vertex allows investors to buy these tokens even after they have been sold out and that too at a discount, and hence, make the proposition better than the ICO sale itself.
Take a look at the video to get a sense of Vertex:
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So, whom does Vertex benefit?
Vertex benefits both the investors and ICOs themselves. It, in short, benefits the whole crypto-community. How? Let’s look at each of them to understand better.
For Investors
We already saw few points like the in-depth evaluation of the ICOs and the discounted rate at which the tokens are made available for investors. This enhances investors’ chances of success. Not only that but the very fact that multiple tokens are available to investors through just one KYC process makes life simpler. In the absence of Vertex, each investor would have had to do multiple KYCs for each token that they had wished to invest in. Vertex saves time, effort and improves the pace and quality of investment.
Also, investors get access to strong ICOs which normally would have been available only to 5% of the investor community.
For the ICOs
Now, the popular way of attracting interest in the ICO is through Social Media, Telegram Channel, and contests to get the ICO started. This then is expected to draw serious investors to take note and invest. But the problem with this kind of approach is that it is a hit or a miss. The proof of that being ICOs giving an extension to the private sale, the public sale, and so on and so forth.
With Vertex in the scene, the reality changes. ICOs get a ready and prudent investor base and that too KYC ready. Vertex’s own reputation acts as a reputation enhancer for those ICOs listed on the platform. What’s more is that the ICOs get diverse investor base which will allow it a long-term stability as against investors thinking short-term in the normal public sale. This, therefore, is a definite win - win proposal, both, for the investor and the ICO.
For the Crypto-community
The single largest advantage is that the ICOs presented on the Vertex platform form a credible source of investment avenue for institutional investors, who so far had stayed away from the crypto-world. The very fact that the vetting process of the Vertex team is similar to that of a P.E. fund in the real world should give confidence to such institutional investors.
Vertex brings to the world and to a majority of investors some really high potential ICOs and therefore, it should help change the perception of the crypto-market. Today the crypto-world is perceived as an avenue for bad-players launching an ICO, highly volatile due to short-term investors, and a place which lacks correlation between business dynamics and token rate. These perceptions are set to change. So, it augurs well for the community as a whole.
Lastly, the platform itself can allow hosting of tokens (ICOs) from other reputed institutions which would like to make the tokens available to Vertex’s investors. In short, the solution is a well-rounded one covering every stakeholder in the ICO world.
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The Vertex Ecosystem
So, how does the Vertex ecosystem look? Here it is:
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Vertex Platform
A look at the platform:
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And the team behind Vertex?
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The Investors and Advisors
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Tokenomics
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Airdrop Information
Vertex is offering an Airdrop and it is open to all but for a limited period. There’s not much time left, so rush and take benefit of it through the following link.
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It is also recommended that readers understand more about Vertex through any of the following informative resources.
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Image Courtesy: Pixabay and Vertex Resources
Source:
- Vertex Whitepaper
- Vertex Website