These ICO's are getting crazy, everyday a new one is opening.
Just recently someone brought up Blocktix in the telegram chat and it sounds great. Solving the issue of event managers. Lower cost compared to Stubhub and Ticketmaster’s crazy fees. I read the whitepaper and is intriguing. I went on slack to ask why they didn’t have a bounty campaign and the CEO replied quickly said they were fine without one, which I am fine with. I then asked the more serious question of if price of Blocktix token increases won’t this bring about the high cost of listing for events. I have not heard a reply.
This is my issue with ICO’s they are raising money without giving anything back to the community. Right now a lot of ICO’s are just ideas, nice website, and whitepaper. They are selling something that sounds good but very high risk of failure.
Another example is Betking
This was a very popular gambling website which decided to close their doors. The owner wanted to pursue other options. He is now back and doing an ICO?? Most gambling sites let you “invest” in the bankroll and you get from 70-80% and rest goes to administration. Now with the new ICO 10% of profit from each quarter will be used to buy back tokens. Not only is this lower profit sharing it also allows the owner to buy back ownership with your own money.
A constant question we have discussed is AMP Synereo in which I will discuss the pros and cons. They say they offer tools allowing content creators to easily monetize original works without having to turn their channels into advertisements and giving their followers the opportunity to be rewarded.
The market cap currently sites at $33 million with the current circulating supply of 82 million coins.
On their website it says
Do You Want To
- Empower independent journalists, artists and bloggers?
- Make a living from your passion and drive?
- Let your message be heard, loud and clear, by relevant audiences?
This pretty much sounds like Steem.
I really like how transparent they are https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo/edit#gid=1394495455
But there are currently 927 million tokens and with a 5% APR. There is no max in which 400 million is held for future fundings.
- Strong development team - YES
- Unique idea or improved idea - NO
- Great community - YES
- Hasn't had a huge pump and dump before – YES Since July 2016 price hasn’t moved
- Under $50M market cap – YES
- They buy back and burn their tokens or pay out dividends/distributions - NO
It hit 4 out of 6 on the list so this can be a medium term investment as long as the general market continues to do well.
Let me know if there are any questions.
My Portfolio update – I sold some positions as I had a non-crypto investment opportunity I could not say no to.
SHIFT 30367 ---> SHIFT 20000
TKS 19435
BLOCK 5027
UBQ 17960 ---> UBQ 10000
QRL 34187
APX 2648
BAY 423592
ARK 15492
DAR 16075
KMD 28529 ---> KMD 20000
MGO 10200
WAGERR 75000
SONM 32600
DCORP 4200
Happy Cryptoing!