In the recent cryptocurrency craze that has persisted for the past 5 months, blockchain ICO's, crowdfunds, and token sales have run rampant as the rush to turn ideas into businesses has exploded.
Recent (now outdated) numbers calculated that approximately 1.2 billion dollars were used to fund these blockchain concepts whereas current values are most likely nearing $2 billion.
Crowdfunding through the blockchain works, exceptionally well as this evidence suggests. It's most likely the easiest way for a development team to receive to funding the world has to offer.
But the questions have begun to surface...
How many of these ICO's are Scams?
Have you ever wondered if a projects is coming from some kid in his parents basement?
In the unregulated economy of the cryptocurrency markets... Anything is a possibility
Which makes it difficult for investors to gauge whether the development team is legitimate or essentially a scam...
One of the best ways to determine legitimacy is to see if the team has produced a product or have had success in previous start-ups.
Or something even better... An actual company!
DomRaider is Not the typical ICO -
It's an already well established internet company with employees that has been in operation since 2013. They have conducted successful real-world fundraising in the past where the company has grown in sales and profitability.
This Advertising video is a good way to quickly understand:
With the opportunity presenting itself within the Cryptocurrency realm, the company has decided to implement new concepts to the already successful business and move onto the blockchain markets.
DomRaider is taking the basics of there Domain Auctioning Platform and greatly expanding it to cover nearly all forms of online and offline auctioning services.
Although the core is to facilitate and register auctions and biding services, the network itself is aimed at becoming an auctioning ecosystem capable of providing solutions for all worldwide services
- Escrow and Lending agents
- Identity and Verification
- Ownership Verification
- Expert Appraisal
- Brokers
- Shipping and Logistics
As the network grows, online and offline auctioning services will become implemented requiring additional services to become involved and provide value back into the blockchain.
Whitepaper: https://s3-eu-west-1.amazonaws.com/domraider/domraider/DomRaider+ICO+Whitepaper+EN.pdf
DomRaider Token Specs:
Based on the Ethereum network, the DomRaider platform will run on the ERC20 DRT token
1 Billion Total DRT Tokens Created
- 35% sold in ICO
- 15% to Stakeholders
- 50% in Reserve
CrowdFund Information:
The ICO started on Sept. 12 and has already sold within 3 days. Since the crowdfund went so quick, the development team has added a portion of the reserve, equating to 210 Million tokens, which is also being sold during this ICO.
By selling a portion of the reserve tokens, the overall allocation of tokes to ICO stakeholders = 56% if the reserve is also sold out.
More information can be found through the following links:
DomRaider ICO website: https://www.domraider.io/en/
DomRaider Blog: https://blog.domraider.com/en/
BitcoinTalk [Ann]: https://bitcointalk.org/index.php?topic=2132588
Take a peak at this amazing company going blockchain
Don't miss out!
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a bitcoin fanatic and alt-coin enthusiast