Technology, idea and team are considered the main factors for the success of a blockchain project at the ICO stage and beyond. Yet, the community surrounding a blockchain platform appears to be a determining force when it comes to observe the prosperity of a blockchain project.
In this, the third part of the series on ICO scams, we will look at some of the subtler warning signs to look out for when considering investing in a token. Some ICOs are not outright scams, yet the fundamentals underpinning the token economy.
In the second post of this series we look at ICO scam white papers and code repositories.
nCent is building its own base layer protocol and not building on an existing blockchain such as Ethereum. The consensus mechanism used by nCent is the Federated Byzantine Agreement by way of the Stellar Consensus Protocol (SCP).
The cryptocurrency industry has been steadily growing for a few years now. Therefore, digital assets are being exchanged at impressive rates. The field, however, is in need of a platform that can ensure there is a smooth connection between the primary and secondary markets and all of the involved participants, including project financing, venture capital, […]
Newton’s objective is to enable a new e-commerce system based on decentralization.
In case Augur is successful in the weeks and months to come, the impact could go far beyond the prediction market platform. It would be the first decentralized application to reach mainstream adoption.
In this three-part series we will cover some of the things to look out for to make sure you aren’t being conned. In the first two parts we will look at the red flags that may signal an ICO is not what it claims to be. In the third part we will cover more subtle schemes including pyramid schemes dressed up as ICOs, and pump and dump schemes.