NEO/USD Trading forecasts and signals

Regulated Crypto Exchange of Tokenized Assets and Cryptocurrencies Currency.com expanded the list of tokens for trading. The listing of the crypto platform included 17 tokens of popular DeFi and ICO projects, as well as two stablecoins. Crypto exchange clients currency.com the following tokens are now available for purchase:Stablecoins USDC-USD CoinThe DAI stablecoin is a token of the MakerDAO decentralized autonomous organization.SUSHI-token of the decentralized crypto exchange SushiSwap OMG-token of the OMG Network financial service.BAT-token of the Brave decentralized browser.ZRX is a token of the 0x decentralized exchange service.KNC is a token of the Kyber Network decentralized service.MATIC is a token of the Matic Network platform.WBTC-tokenized bitcoin.AAVE is a token of the Aave decentralized lending protocol.Augur is a token of the Augur decentralized prediction protocol.SNX is a token of the decentralized protocol for creating and exchanging synthetic assets of Synthetix.YFI-token of the decentralized farming service Yearn. Finance.UMA is a token of a decentralized protocol for creating synthetic assets based on the Ethereum UMA blockchain.REN is a token of the Republic Protocol decentralized Dark Pool protocol.OCEAN is a token of the decentralized Ocean Protocol data protocol.BAND-token of the decentralized oracle service Band Protocol.BNT is a token of the Bancor decentralized network for converting ERC-20 tokens.ANT-token is an operating system for Aragon business management.Tokens are available for purchase in the "Bidding" mode with tokens USD.cx and USDT.  Tokens USDC, OMG, BAT, ZRX, and MATIC are available for trading with c tokens USD.cx and USDT.Tokens DAI, SUSHI, KNC, WBTC, Augur are available for trading with the USDT.Tokens AAVE, SNX, YFI, UMA, REN, OCEAN, BAND, BNT, ANT. About Currency.com On the crypto exchange Currency.com more than 2000 tokenized assets are available for trading, including tokenized ones: stocks, ETFs, stock indexes, currencies, bonds, commodities, as well as top cryptocurrencies. You can buy, store and sell tokenized assets and cryptocurrencies, as well as use the “Leverage Trading” mode, which, depending on the type of asset, varies from 2x to 100x. You can add tokens to your account (account) on the crypto exchange with the help of Belarusian and Russian rubles, euros, dollars and cryptocurrencies.Crypto Exchange Activity Currency.com It is regulated by the Decree of the President of the Republic of Belarus No. 8 "On the Development of the Digital Economy", the legislation of the Republic of Belarus and the acts of the Supervisory Board of the Hi-Tech Park of the Republic of Belarus.. Currency Com Limited has a DLT license from the financial regulator of Gibraltar, and is also registered with FinCEN (USA) and FINTRAC ...

Bloomberg news agency has learned that the United States has begun checking the largest cryptocurrency exchange Binance. It is carried out jointly by two regulators: the Ministry of Justice and the tax Administration of the country. Currently, the exchange has not yet received any specific charges and claims. Nevertheless, the very fact of the beginning of the verification had a negative impact on the mood of participants in the cryptocurrency market. After the corresponding message appeared, the Binance Coin token fell in price by almost 9%. A representative of Binance told the press that the exchange always cooperates with all regulatory organizations and takes issues related to compliance with legal requirements seriously. In March of this year, the work of the exchange was checked by another regulator – the CFTC (Commission for Futures Trading). Then she was interested in the issue related to the admission of residents of the United States to trade cryptocurrency derivatives in the absence of the necessary license for this.Read more: Binance: history, features, coins and ...

Nowadays, a lot of cryptocurrencies regularly appear, but there are few really promising ones for investment among them. We have conducted an analysis and selected for you the TOP 10 best Chinese cryptocurrencies that you should pay attention to.NEO (NEO)NEM (XEM)Ontology (ONT)Zilliqa (ZIL)Aelf (ELF)Nebulas (NAS)Elastos (ELA)Waltonchain (WTC)LoopRing (LRC)Wancoin (WAN)NEO (NEO)"Chinese regulated Ethereum" is the name of NEO, the largest Chinese cryptocurrency created by Da Hongfei and Erik Zhan back in 2014. At first, the coin was called AntShare, and only in 2017 it received its current name.Back in 2016, an ICO took place, which attracted $97.5 thousand and 8169 bitcoins (BTC). Since then, the project has continued to develop, and the company has been increasing its staff of developers. At the moment, it employs at least 10 teams.Read more: What is an ICO?Despite the bans imposed by China in the crypto industry and the noticeable mainstream on its strict regulation, NEO has ambitions to become the "No. 1 cryptocurrency" in the country. First of all, due to the fact that its platform is being developed from the very beginning taking into account the requirements of regulators. It is the centralized approach that distinguishes the coin from most Chinese cryptocurrencies.Another difference between the NEO blockchain is compliance with the regulatory requirements of "digital identification". Everyone who works on the platform-whether it is an individual or an organization-is confirmed by a unique digital identification that is verified at the conclusion of the transaction. Even network nodes are required to pass identification before they can conduct transactions or any actions. NEO also supports asset protection, i.e. assets are confirmed by digital identification and protected by law.The NEO founders plan to achieve inter-network interaction of various blockchains-public and private. In fact, the platform offers a middle way between a fully decentralized, unregulated and anonymous blockchain system, and a traditional, regulated system of bank accounts and credit cards.NEM (XEM)The NEM (XEM) cryptocurrency has earned attention for its solutions to some of the most classic problems of the cryptosphere. Despite the fact that the project suffered greatly in 2018 from the pressure of the bear market, it is considered one of the most successful in the industry. The beginning of the development of the platform dates back to 2014, and the release of the Chinese cryptocurrency NEM - the XEM token took place in 2015.Read more: Bulls and bears, as well as other animals on the stock exchangeIn essence, the NEM cryptocurrency is the basic platform for the development of public and private networks using already created modules. Through the open API, users can interact with the platform's network and perform such actions as, for example, concluding contracts for intellectual assets and configuring their properties. This reduces the barrier to entry to the platform and increases security.It is noteworthy that the entire blockchain code was developed independently, and experts note its strong technical innovation. One of such innovations is the POI algorithm (Proof Of Importance), on which, by the way, NEM functions. Currently, the lion's share of coders' attention is focused on the software of the Catapult platform engine. Although the progress of blockchain development is hindered by a small number of developers, but third-party specialists actively use the platform's capabilities to create a variety of dApps.XEM cryptocurrency is used to pay for transactions and services in the blockchain.Ontology (ONT)Another promising Chinese cryptocurrency is Ontology (ONT).  Interesting fact: the blockchain was developed by the team that created NEO. Like NEO, the platform is focused on integrating business into the crypto economy and has a fast and efficient bandwidth. In addition to excellent sharding, among the technical characteristics of Ontology, we should also highlight the Triones consensus system, which provides distributed blockchain matching through the VBFT matching algorithm. Triones nodes operate on five continents.The founders abandoned the idea of financing the ICO project, replacing it with the distribution of part of the ONT tokens to the most active users of the NEO network. It was a good move. But if at first the coins could only be obtained through Airdrop, since cryptocurrency mining was not provided, now the crypto asset is available on many exchanges and exchangers. OWallet and Neon Wallet wallets are provided for its safe storage.Also, thanks to the addition of ONT to the application Crypto.com Wallet & Card, users can purchase coins via credit card and bank transfer, without commissions. And the Visa MCO card allows you to convert cryptocurrencies into fiat money and spend them in more than 40 million services and retail outlets around the world.One of the latest important decisions of the company is the launch of the Paxos Standard (PAX) stablecoin version on its platform, which is designed to make it easier for retail and institutional partners to do business in the Ontology ecosystem. The new token (PAXO) is based on the OEP-4 Ontology token standard and provides an atomic permutation between the main Ontology blockchain and other blockchains.Read more: What are AltcoinsZilliqa (ZIL)Zilliqa (ZIL) is one of the fastest blockchains on the market: its speed increases exponentially with increasing network size. Sharding provides excellent network scaling, with its throughput of 1000 and even 2000 transactions per second.  The platform was launched in 2017. The idea of "sharding" is a key one in the project. It was implemented by dynamically dividing the nodes of the blockchain network into shards (subgroups), each fragment is processed independently and reaches consensus using the secure Proof-of-Work (PoW) protocol. Shards can process transactions in parallel, thereby significantly increasing throughput. In addition, the Zilliqa team is also working on creating a new smart contract language-Scilla, which will be able to work with a wide range of applications, such as automated auctions, collaborative economics and financial modeling.  ZIL is currently traded on various exchanges, including BITBOX, Binance, Huobi, Bithumb and OKEx. The most popular trading pairs with the coin include ETH, USDT and BTC.  Read more: Overview of the Huobi Global ExchangeAelf (ELF)Aelf (ELF) is a blockchain platform for cloud computing and is in the top hundred in the rating of cryptocurrencies on Coinmarketcap. The total stock of Aelf tokens is 1 billion ELF. The investors were Alphabet, Blockchain Ventures, ChainFunder, Draper Dragon and FGB Capital. Of the remaining tokens, 120 million ELF were allocated for mining and marketing.The company managed to create an OS specifically for the development of the blockchain ecosystem. The Aelf test network, which is considered the "next-generation Ethereum", was launched in August 2018. The launch of the main network was planned for the beginning of 2019, but it is still in beta testing.  However, the advantages of the platform are already quite tangible: it is not only fast — up to 15,000 transactions per second, but also uses the same mainchain/sidechain architecture that is implemented in projects such as the Lisk or ICON cryptocurrency. And although the main network uses DPoS consensus, each side chain can choose its own consensus protocol to determine how it interacts with the main chain. This is extremely important to ensure the possibility of interaction with both blockchains and outdated data.ELF is traded daily in pairs with BTC, ETH, USDT in the amount of more than $31 million. Among the crypto exchanges that accept ELF, Binance, Huobi, OKEx, Allbit, Upbit and Bithumb.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesNebulas (NAS)The new generation decentralized platform Nebulas (NAS) provides a search system for all blockchains and has its own token, which is quoted on the leading exchanges of the crypto market, such as Binance, OKEx, Huobi, Gate.io and others.The coin debuted with a price of $2, but then the prolonged crypto-winter made its own adjustments. The decline in the value of altcoin forced the company to lay off 60% of its employees last year. As a result, the solution of peripheral tasks outlined in its roadmap was suspended. Just 7 months before, the team managed to raise $60 million in ICO.The blockchain was created in 2017 on the basis of Ethereum, and the main NOVA 1.0 network started working only in early April 2019. Nebulas Rank (NR) is the main algorithm on the platform used for ranking addresses, smart contracts, decentralized applications (dApps) and other objects in the blockchain. In addition, the algorithm of "encouraging developers" (DIP) and the algorithm of "proof of loyalty" (PoD) are used. Nebulas also releases its own wallet software, available for download on the project's website.Elastos (ELA)Elastos (ELA) is one of the most ambitious and promising Chinese crypto currencies. Its goal is to create a new type of decentralized SmartWeb Internet based on blockchain technology. The platform also offers features such as identification, scalability and DApp construction, which, by the way, are protected by the Elastos Runtime. For example, the main blockchain is protected via PoW and uses the computing power of Bitcoin. In other words, by revealing a block in the Bitcoin blockchain, the miner simultaneously reveals a block in the Elastos blockchain.In 2018, Elastos held an ICO, but in February 2019, a group of investors accused it of fraud and filed a lawsuit in the New York Supreme Court for violating the procedure for the initial coin offering. No matter how well or poorly justified these accusations are: the prices of the Elastos token immediately fell by 20% and continued to decline sharply during this year.  Waltonchain (WTC)The Waltonchain token (WTC) is built on a blockchain that tracks radio frequency identification (RFID) data throughout the supply chain. The total volume of its offer is 100,000,000 WTC.Through a crowdsale held in September 2017, 25 million tokens worth about $10 million were sold. Another 30 million coins of this Chinese cryptocurrency are reserved for mining rewards. By the way, when mining WTC, a combination of three consensus algorithms is used: PoW and PoS in the main network; PoL. in exchange with the leading nodes. In fact, the Waltonchain network is a fork of Ethereum, so the WTC is based on ERC-20 and is compatible with Ethereum wallets.Now the native blockchain cryptocurrency is traded in pairs with ETH, BTC, XRP and USDT on various exchanges,such as Binance, Huobi, OKEx and CoinMex.LoopRing (LRC)Loopring (LRC) is a Chinese cryptocurrency that experts suggest has an exciting future. The protocol used by the blockchain is based on "ring matching". The transaction is not limited to an exchange between two parties. For example, a certain exchange transaction may be complex and consist of a series of exchanges. When matching rings, each of these multiple requests can be executed as the same order / transaction in the chain.Wancoin (WAN)Our review concludes with another Chinese cryptocurrency worthy of investors' attention - Wanchain (WAN). It is also a protocol focused on providing inter-network and intra-network transactions. In fact, the platform is designed to efficiently exchange value between any compatible blockchains, creating a super network of digital assets across the entire spectrum of protocols for this.The native token of the network is Wancoin (WAN). The coin is necessary for cross-and intra-network transactions. It is also used as a security deposit for cross-validation nodes. The Proof of Stake negotiation mechanism is used to exclude collusion between nodes. Since nodes must set up a WAN to participate in the network, the risk of losing access to these funds prevents malicious behavior.The Wanchain cryptocurrency uses three categories of verification nodes:Vouchers - nodes that verify transactions between the initiator and the designated blocked account on which the original asset is stored (to participate in the network service, vouchers must first make a deposit in the WAN);Storekeepers are nodes for managing blocked accounts that perform secure computing (SmPC) functions and are responsible for the key stores of blocked accounts;Validators are common verification nodes: they provide information about the status of blocked accounts and work to verify all transactions that occur on the network.Chinese cryptocurrencies can be one of the best options for long-term investments, since the projects for which they work offer solutions that are in demand by business, therefore they can bring large ...

The regulator believes that the crypto exchange traded securities in the United States without a corresponding licenseSEC fined the crypto exchange Poloniex for $10 millionThe Poloniex crypto exchange registered in the Seychelles received a fine of more than $10 million from the US Securities and Exchange Commission (SEC).The SEC issued a fine for the operation of an "unregistered online digital asset exchange" in the period from July 2017 to November 2019.According to the regulator, Poloniex traded digital assets that were securities. For these operations, the crypto exchange needed to obtain a special license, which it did not do, according to the SEC.The Commission clarifies that in 2017, the management of Poloniex decided to "aggressively" increase its market share by listing digital assets. Such assets are essentially investment contracts, which means that they are securities, the regulator explains.The SEC notes that Poloniex gradually got rid of such assets, but until November 2019, it continued to trade them in limited quantities. Such operations continued until the crypto exchange sold its trading platform.Poloniex agreed to pay a fine of $10.3 million, while not denying or admitting their guilt.Read more: Listing of securities on the stock ...

Decentralized applications (DApps) - more resistant to attacks and transparent applications that have become possible thanks to the blockchain. Thanks to such decentralized applications, Bitcoin and Ethereum actually appeared. Now dApps help to solve the most complex tasks within cryptocurrency projects, and without them it is already impossible to imagine an ecosystem of digital currencies. We will tell you what DApps are for and give examples of decentralized applications.ContentHow DApps workCommon features of decentralized applicationsClassification of DAppsAreas of application of DAppsAdvantages of DAppsPromising projects using DAppsHow to create DAppHow DApps workIn order to understand what DApp is, you need to refer to the definition of blockchain. This is a register of records that are stored in "blocks" that are linked by cryptographic verification. All actions are performed as a result of consensus.The register is not stored in a centralized location, it is not managed by a single organization. The block validation system leads to the irreversible addition of new transactions, and old records are saved forever and for everyone.The second important factor for understanding DApp is the difference between decentralization and distribution. A distributed system is a network consisting of autonomous computers. The components interact with each other to achieve a common goal. Decentralized computing is the allocation of resources for each individual workstation. This means that neither node informs the other what to do and how to do it. Therefore, decentralized applications — DApps are applications that run on a network of P2P computers.Read more: P2P: where peer-to-peer networks are usedCommon features of decentralized applicationsProduct decentralizationTokens are generated inside the productMaking a profit inside the systemThere are several common features of DApps. First, it is the decentralization of the product, when records are stored in an open, publicly available block chain-usually it is open source. This is followed by the cryptographic component: tokens are generated inside the product. Third, it is important to note the profit within the system, when tokens are awarded to miners or validators, as well as other community members.In addition, the application must generate tokens in accordance with a standard cryptographic algorithm that acts as proof that the nodes contribute to the application (for example, PoW or PoS).If we take the most universal definition, the first DApp is actually bitcoin itself. This is an implemented solution on the blockchain, a self-supporting public ledger that allows you to conduct effective transactions without intermediaries and centralized authorities.In turn, the most popular DApp - Ethereum, written in its own language, allows developers to create smart contracts on the Etinerum Virtual Machine (EVM). Now almost 1000 applications built on Ethereum are registered.The Ethereum platform allows everyone to write smart contracts and decentralized applications (DApps), where you can choose your own rules for the ownership of funds, the format of transactions and other functions, so applications can serve different spheres of life: from finance to healthcare. They allow you to build an interaction between two or more participants.Classification of DApps Depending on how decentralized applications (DApps) interact with the blockchain, they can be divided into three types.The main types of DApp applications:On its own blockchainBased on an existing blockchainThey have a mechanism for issuing tokensThe first type includes applications that run on their own blockchain, for example, the Ethereum platform.The second type includes applications that are developed and work on the basis of an existing blockchain. The most popular blockchain platforms for DApp of this type are Ethereum, Tron, EOS. An example of the second type of DApp is the MakerDAO protocol, which allows converting ETH cryptocurrency into DAI stablecoins. At the same time, MakerDAO is based on the Ethereum blockchain.The third type is applications that have a mechanism for issuing tokens. For example, the Augur application, which in April 2020 switched from using the Ethereum blockchain to using the MakerDAO protocol in order to reduce volatility.Let's say that your computer has an operating system — Windows, macOS or Linux. This is an analog of the first type of DApp . To access the Internet, you use a browser that is designed for a specific operating system — for example, Safari for macOS or Microsoft Edge for Windows. This is an analog of the second type of DApp . Your browser has extensions — for example, the Translate Safari translator, which is designed for a specific Safari browser. This is an analog of the third type of DApp .Read more: What are Stablecoins and how do they differ from other cryptocurrenciesAreas of application of DApps Many DApps are associated only with cryptocurrencies, but their scope of application is much wider. One of the most popular sites is the Auctionity auction. Thanks to smart contracts, online auctions become as transparent as possible, since the system automatically records the time and size of bids, excluding manipulation.In the field of online games, DApps offer users applications with built-in marketplaces, where players can already buy and sell their items using NFT technology.One of the first decentralized games was CryptoKitties, developed on the Ethereum blockchain. It caused such a stir that the number of transactions on the network reached a record, overloading the blockchain.Where DApps are used:Online auctionsOnline gamesDeFi appsDecentralized Financial Applications (DeFi) are another popular type of DApp . They simultaneously provide transparency and confidentiality of data. The distinctive features of DeFi include their accessibility: everyone who has an Internet connection can use the financial system. The most popular decentralized application from the world of DeFi is the Uniswap cryptocurrency exchange.Decentralized applications (DApps) began to appear in 2017, and the main period of growth occurred in 2019. The largest number of DApps is created on the basis of smart contracts in the Ethereum ecosystem.During the formation of the DApps' market, the question arose about the need to track, evaluate and simply search for various decentralized applications created in different blockchains.Read more: What is NFT and why are they worth millions?Advantages of DApps Stability of operationTransparencyLack of censorshipThe main advantage is the stability of the work. On the servers, regular applications may experience temporary problems or technical work. For example, you go to Instagram and see only the interface, and the images are temporarily not loaded. DApps servers are located on the devices of the users themselves, so they will work until the moment when there is at least one user on the network.The next plus of such applications, according to experts — is transparency. At any time, any user can view the open source code of the application.There are no functions hidden for the user in DApps. For example, a decentralized application cannot collect users' personal data in secret from the community. If it collects personal data, then the part of the code responsible for this will be publicly available.Another argument in favor of such applications is the lack of censorship by the state or the developer. Corporations cannot buy out a decentralized application and then change the terms of use, functionality, or close it altogether. Any changes must be confirmed by the community.If you use DApp, it will only change according to the preferences of the majority of users.Promising projects using dAppsThe VeChain project is focused on the introduction of blockchain technology into the work of corporate structures, as well as on the development of the Internet of Things (IoT). In turn, the NEO blockchain is positioned as an open network for the "smart economy". In total, 13 DApps are launched on it, of which the most popular are the gaming NEOLand and Switcheo. In September, there was a surge in activity — more than 2000 active digital wallets, but the average for the year was 250.The Waves blockchain has only recently been used to launch DApps, the number of which is 21 applications. These are mainly gaming DApps, of which the most notable are Dice Roller, Coin Flip and Ride on Waves. The maximum of active digital wallets was observed in October — more than 500 per day, and at the end of the year this figure was about 200.The WAX blockchain project was launched in December 2019 with a focus on decentralized gaming applications, and 26 DApps are already working on the network. The game application Prospects and the social network KARMA are also popular.How to create DAppPublish white papersConducting an ICO or IPOProduct developmentFirst, publish an official document on DApp with a "roadmap". As a rule, these are white papers that explain the concept, functions and technical characteristics of DApp. This step is important because it allows you to get feedback from the community.As part of the "white papers", highlight the opportunities and history of the best developers of your project in order to gain trust and reliability among the community.The second step is to conduct an ICO or IPO. ICOs are the starting point of modern startups or DApp. However, recently, the ICO is coming to naught, and an IPO is coming to replace it.It is very important to explain all aspects of your DApp here. In addition, it is worth telling interested community members whether your decentralized application will use tokens or mining. To strengthen the trust of the community, specify how much money will be spent on development, marketing and other necessary expenses.It is important to be open with the distribution of tokens, because most DApps projects have destroyed their reputation in the past due to lack of transparency. After preliminary preparation, as a rule, product development begins. At this stage of app creation, it is critical to share weekly or monthly updates on development progress in order to create an inclusive environment for community members.After the launch of the product, continue to support and change it as necessary in accordance with the roadmap, strategic vision and opinion of the community.Read more: What is an ...

Instructions for conducting an ICO for beginners: creating your own cryptocurrency from scratch.You've probably heard about Bitcoin and Ethereum, and maybe about less popular cryptocurrencies - Zcash or Ripple. In total, there are 1,384 different digital assets in the world at the moment. Most often, a new virtual currency is created by companies whose business is connected with blockchain technology - the so-called blockchain startups. To attract investment, these enterprises conduct an initial coin offering - ICO, that is, they offer users to buy tokens at a certain price. In fact, any person can create a cryptocurrency, the only question is its liquidity and value.The crypto industry is rapidly developing, business is beginning to pay attention to the digital sector of the economy.Before making a decision about creating a cryptocurrency, pay attention to the three main requirements for you as a project manager:Come up with a good idea. Creating a digital asset for the sake of a digital asset is a bad idea. A cryptocurrency should have a purpose that will add value to it.Gain the trust of your customers. The cost of cryptocurrency is determined by its users, so people's opinion about your project is very important.Learn the basics of coding and cybersecurity. You can hire specialists, however, you need to understand the essence of the functioning of the blockchain network and your future tokens.Creating our own cryptocurrency from scratchThere are two ways to create a cryptocurrency:Develop your own blockchain and coin.Use the NEO or Ethereum platform to create your own decentralized application and token.So, first of all, you need to decide what you will develop - "coin" or "token". Both coins and tokens are cryptocurrencies, the only difference is that the coins function in their own blockchain, and the tokens are in a "borrowed" one developed by another company. The two most popular networks for creating tokens are Ethereum and NEO.The Ethereum blockchain creates tokens of the ERC-20 standard, and NEO uses the NEP-5 standard. Both platforms have advantages and disadvantages:Ethereum is time-tested, but it supports only one programming language - Solidity, which many experts consider inconvenient.NEO, on the other hand, offers a choice of several programming languages, including C++ and Java, however, the NEO blockchain is relatively young - it is only a year old, so the reliability of the network has not yet been fully tested.Coin or token - which is better?Coin: It has its own blockchain.Creation requires large investments.Development takes a lot of time.Token:Created in an existing blockchain network.It does not require large time and financial costs.Only a highly qualified team of specialists can cope with the development of a coin, obviously, this implies large expenses. To create a token, you only need to develop a decentralized application based on the blockchain - it is much cheaper and easier. Moreover, not every project needs its own network, the so-called Mainnet.It is also important to remember that with the development of your startup, you will always be able to develop your own blockchain and move tokens to it. In our opinion, if a company is just starting work in the crypto industry, then it should start small - with the creation of a token, and in the future, if necessary, start designing its own blockchain platform.ICO cryptocurrencies - instructionsThe Initial coin offering (ICO) is a way to attract funding.In fact, an ICO is similar to an initial public offering (IPO), the only difference is that in the case of an ICO, investors receive tokens instead of sharesFor a successful ICO, the trust of potential customers is critical, so we have compiled a list of recommendations that will allow us to enlist the support of the community.Read more: What is an ICO?Criteria for a successful ICO First of all, you need a good idea for a future project. Determine the scope of your business and the advantages of your platform compared to competitors.Form a development team to create ERC-20 or NEP-5 standard tokens and smart contracts for your ICO. With the help of a smart contract, the user receives a certain amount of tokens after payment.Hire professionals to check the security system of tokens and smart contracts.Correctly draw up the ICO documentation, the so-called "white paper" (whitepaper), describe your goals, tasks, plans for the future development of the platform.Conduct a marketing campaign in social networks, forums, messengers.Let's look at all these points separately.Idea for the projectYour project should bring some benefit in the business sphere, for example, eliminate unnecessary intermediaries from the financial system or solve existing problems. If your startup does not have real value, then investors will not want to invest in it.Some of the most common applications of blockchain technology include: Data storagePublishing contentInsurancePeer-to-peer interactionFinancial servicesMedicineEnergyLogisticsIn all these industries, it is possible to improve workflows with the help of decentralized applications.The development teamA good idea requires competent implementation in practice. To do this, you will need a team of talented developers, specialists in cryptography, creating smart contracts and blockchain. If you do not have good friends of experts, then we advise you to attend events dedicated to the crypto industry. There you will be able to meet the right people and choose a staff for yourself.Smart contractA smart contract is a digital contract that functions on the blockchain network, is automatically executed and cannot be changed.Any smart contract has rules, for an ICO project, conditions for the purchase of tokens are usually specified, for example: "If a user sends 1 ETH to the address specified in the smart contract, then he receives 100 tokens"Since smart contracts are executed automatically and are not controlled by third parties, the client is sure that he will receive his tokens in the right amount and within the specified time frame. The rules in smart contracts are made by developers, you just need to choose the optimal conditions for yourself and investors.Checking the security systemTokens and smart contracts are computer code. Its security is extremely important, since your entire project depends on the correct operation of the code. In addition, it must be reliably protected from hacker attacks.You can determine the level of security only as a result of verification, so choose a company that performs testing of the blockchain startup system (for example, Practical Assurance)If your project successfully passes verification, it will not only increase confidence in its reliability, but also help in advertising ICO. People will learn that the platform meets security standards.White paperThe white paper should be drawn up taking into account the following points: PDF format. PDF is the optimal format for a document, since it is supported by any operating system and is easy to use.Two versions of white paper. Make a separate full version of the document and an abbreviated one (on 2-8 pages).Multilingualism. Translate the document into several languages, the most popular ones are English, Chinese, Spanish, Japanese and Korean.The white paper should contain information about: Your idea and its significance.The timing of the issue of tokens, their maximum number, cost and methods of use (as payment for goods or services, exchange for fiat currencies, and so on).A roadmap with a detailed indication of the time of completion of certain stages of project development. A team of specialists, their past experience and qualifications.Marketing campaignBefore conducting a marketing campaign, you need to create a project website. Optimal advertising platforms include: Social network. Instagram Facebook, Twitter, LinkedIn, and Facebook are recommended for use. Advertising in social networks will increase the popularity of your project and attract public attention. Mass media. In order for an ICO startup to receive the status of a reliable one, it is necessary to present it on well-known websites dedicated to cryptocurrencies and blockchain technology. In addition, you need to add your project to the ICO list on aggregator sites. Advertisements. Mark up your company's ads on Twitter or Fscebook. Create your own blog and publish important information about the project in it (the Medium or Steemit website is suitable for this). Promotions. Run a campaign with a free token distribution (Bounty) for advertising your project in social networks or Telegram and create a bonus program that assumes a discount on the purchase of tokens or an increase to the initial amount (for example, in the case of a purchase of 1000 tokens, the client receives +20%).Project budgetTo create your own cryptocurrency and conduct an ICO, you need to pay for the services of developers, create a website, check the security system, compile and translate documentation, conduct a marketing campaign. All this requires money and a lot of it. There are not so many specialists in the development of smart contracts and tokens, so their services are quite expensive-from $100 per hour, while it takes an average of 80 hours to create a digital asset and a smart contract, that is, the minimum cost of creating a cryptocurrency is $8000.Security check is also not a cheap service - prices range from $3000-$10000. The cost of conducting marketing campaigns directly depends on your tasks. You can limit yourself to social networks, messengers and blogs, in this case you only need to pay for the publication of messages.It is important to remember that the costs of creating a cryptocurrency can be recouped already at the ICO stage. If your project is of interest to society, solves some important problems or allows you to modernize some area of business, the probability of success is quite ...