A type of fundraiser in which a company sells a new cryptocurrency is known as an initial coin offering (ICO). In exchange for their financial contributions, investors receive cryptocurrency. In many ways, an ICO is the cryptocurrency equivalent of a stock exchange initial public offering (IPO) While ICOs have the potential to make a lot of money, their lack of regulation makes them extremely dangerous. ICOs are a quick and efficient way for start-ups to raise capital. If you can figure out which cryptocurrency is a good investment, you can make a lot of money. What if you had an idea for a new cryptocurrency system that you could fundraise for without giving up any ownership in your business? Let’s call it DenCoin for the time being. The only issue is that you need people’s money to create the currency. Then there comes the initial coin offering. Here’s how it works. You create a document outlining exactly how the system would function (typically referred to as a white paper), design a nice website, and explain why it’s a great idea that could be very useful. Then you ask people to send you money (usually Bitcoin or Ether, but you can also accept fiat) in exchange for DenCoin – they hope that DenCoin will be widely used and in high circulation, increasing the currency’s value. How do initial coin offerings (ICOs) work? When a company decides to hold an ICO, the date, rules, and purchasing procedure are announced ahead of time. Typically, the purchasing process entails sending funds to a specific cryptocurrency wallet address. To receive the cryptocurrency that they have purchased, investors must provide their own recipient address. The majority of ICOs require investors to pay with another cryptocurrency, the most popular of which are Bitcoin and Ether. Sometimes projects announce themselves on the Bitcoin talk forum under the altcoins section. From there on, they dissipate the information regarding the ICO and lure the attention of early investors. The number of tokens sold and the token price during an ICO can be fixed or variable. Here are a few examples of how this can be accomplished: A fixed number of tokens and a fixed price: Both of these are determined in advance by the company, for example, by offering one million tokens at a price of $1 per token. There are a limited number of tokens available at a variable price: Based on the amount of money received, the company sells a fixed number of tokens at a fixed price. More funding results in a higher token price. If one million tokens are sold and $2 million is raised, each token will cost $2. A fixed price and a variable number of tokens: The company establishes a fixed price but does not limit the number of tokens sold. Assume a company sells tokens at $0.50 each until the ICO is over. Anyone can launch an initial coin offering (ICO). Because of the low barrier to entry, this process is used to launch a large number of new types of cryptocurrency. The History and Evolution of Initial Coin Offerings MaterCoin was the first initial coin offering (ICO) in the cryptocurrency space, held in August 2013. They ended up collecting $600,000 USD in bitcoins after announcing themselves on the Bitcoin form. Ether became the second ICO in this space in June 2014. At the time, it received 31.5K BTC (bitcoins) in exchange for Ether (ETH). How to start your own ICO? There is a lot more that goes into the ICO process in order to successfully raise funds. The most important aspect is to have a cryptocurrency project that people want to support. You should also consider how the cryptocurrency you launch will fit into the larger scheme of things. A whitepaper outlining your project, roadmap, and short- and long-term objectives. Conduct market research on other ICOs on a website before launching a social media marketing campaign to establish a social media presence. Challenges of ICOs Some ICOs are done solely for the purpose of luring money from investors, which is then dumped into major coins like BTC/ETH to make profits for themselves. Many ICOs operate in very shady or non-transparent ways. If you can keep yourself updated and assess an ICO properly, you can certainly get a piece of such gem pies. Which is better: IPO or ICO? The primary distinction between ICOs and initial public offerings (IPOs) is that IPOs involve the sale of securities and are subject to much stricter regulations. To conduct an IPO, a company must file a registration statement with the Securities and Exchange Commission and obtain its approval. A prospectus containing financial statements and potential risk factors should be included with the registration statement. An initial coin offering (ICO) is the sale of a cryptocurrency rather … Continued

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Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform since the market’s inception in 2017. 1.2 Million Opensea Traders and $20 Billion in Sales Volume Metrics show that the NFT marketplace Opensea has surpassed $20 […]

162,000-Square-Foot Facility Will Ensure Continued Application of Advanced Technology to Support National Security Throughout the 21st Century

(PRWeb February 09, 2022)

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Step Finance, a Solana-based DeFi protocol, announced today that it’s launching a new kind of incentive mechanism for its users called Reward Options.

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Ever since the beginning of Q4 2021, the entire crypto space is swinging within a fixed price range. Despite the asset undergoing multiple sell-offs, it strongly maintained above $1 to showcase its tendency to reach higher levels. But in the upcoming days, one can expect a huge free-fall that could compel the price to hit …

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  Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer products in cannabis, today announced the completion of its previously announced acquisition of Bloom Dispensaries (“Bloom”), a vertically integrated, single state cannabis operator in Arizona (the “Transaction”). With the close of the Transaction, Curaleaf’s retail footprint has reached 13 dispensaries […]

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NFT platform and curated marketplace ArtGrails (https://www.artgrails.com/), today announced that Michael Cohen, Donald Trump's notorious “fixer” and author of the New York Times #1 bestseller “Disloyal: A Memoir”, will display and auction the first page of his memoir backed by a non-fungible token (NFT) containing a video of Cohen writing the page at Miami Art Week this week. The ArtGrails NFT exhibition will run from December 1 through December 12. 

The successful bidder will receive the original manuscript, which was handwritten by Cohen while serving the first days of his federal sentence in New York's Otisville Prison, as well as a never before seen NFT-backed video of Cohen working on the memoir's first pages from his holding cell. The video, recorded by an unnamed colleague, was filmed just before the former Trump attorney was sent back to his luxury Park Avenue apartment to serve the rest of his term.

Bidding will begin on December 1 at 5 PM Eastern Time and will go on till December 12, 5 PM Eastern Time; the auction is accessible via www.artgrails.com. In addition to the manuscript, ArtGrails is releasing a set of fixed price Cohen's prison badge in an NFT Edition release on December 12 at 4 PM Eastern Time, which will feature three different levels of rarity - Open, Gold and Grail. 

ArtGrails is a curated NFT experience, and as such, we are working with some of the highest caliber creators and artists in the market today.”  Says ArtGrails.com founder, Avery Andon. “When Michael [Cohen] came to me after deciding to release his manuscript and federal prison badge, I knew this had to be a project facilitated by our platform. Integrating an NFT into the release of these one of a kind physical items, not only validates them using blockchain technology, but it also gave us the ability to incorporate some creativity into the release.” 

In addition to the NFT-backed physical manuscript page, written on Cohen's personal letterhead, and his actual Prison Badge from Otisville Federal Prison, the team at ArtGrails is making available limited release NFT versions of Cohen's Otisville Federal Prison badge.  These NFTs will be released in three different levels of rarity, “open”, “gold”, and “grail”. 

ArtGrails will host a VIP party and Q&A media event in Miami's design district on Friday December 3rd; the event will feature a live video appearance by MIchael Cohen who will read from his manuscript and also take limited questions from event attendees and media. 

For more on ArtGrails and updates on Michael Cohen's NFT releases, visit: ArtGrails.com

About ArtGrails

ArtGrails is an NFT technology platform that aims to lead the market in high-end, exclusive, luxury collectibles sold as NFTs.  The high-touch, exclusive NFT platform has a hands-on approach to curating and selling contemporary art and believes in a future where every piece of art is tied to a unique NFT identifier, immutably tied to a blockchain.

Media Contact: artgrails@transformgroup.com

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