RealDEX ICO

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INTRODUCTION:

An initial coin offering (ICO) or initial currency offering is a type of crowdfunding using cryptocurrencies. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. The tokens sold are promoted as future functional units of currency if or when the ICO’s funding goal is met and the project launches.

An ICO can be a source of capital for startup companies. ICOs allow startups to avoid regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges. ICOs may fall outside existing regulations, depending on the nature of the project, or be banned altogether in some jurisdictions, such as China and South Korea.

ICOs have been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering, while almost half of ICOs sold in 2017 failed by February 2018. Despite their record of failure and the falling prices of cryptocurrencies, a record $7 billion was raised via ICO from January-June 2081

The first token sale (also known as an ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising 3,700 BTC in its first 12 hours, equal to approximately $2.3 million at the time. An ICO was held by Karmacoin in April 2014 for its Karmashares project.

ICOs and token sales became popular in 2017. There were at least 18 websites tracking ICOs before mid-year. In May, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds. Messaging app developer Kik’s September 2017 ICO raised nearly $100 million. At the start of October 2017, ICO coin sales worth $2.3 billion had been conducted during the year, more than ten times as much as in all of 2016. As of November 2017, there were around 50 offerings a month, with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).

Kik had previously issued $50 million in tokens called “Kin” to institutional investors, and sought to raise an additional $125 million from the public. In connection with this ICO, an unidentified third party executed a phishing scam by circulating a fake URL for the offering through social media.

By the end of 2017, ICOs had raised almost 40 times as much capital as they had raised in 2016, although still amounting to less than two percent of the capital raised by IPOs. According to industry newsletter Cointelegraph, companies raised around $6 billion via ICOs in 2017; 37% of that amount was made by only 20 ICOs. Already by February, 2018, an estimated 46% of the 2017 ICOs had failed.

ICOs are sometimes called “token sales”. Amy Wan, a crowdfunding and syndication lawyer, described the coin in an ICO as “a symbol of ownership interest in an enterprise — a digital stock certificate” stating that they are likely subject to regulation as securities in the U.S. under the Howey test.

Ethereum is (as of February 2018) the leading blockchain platform for ICOs with more than 80% market share. Tokens are generally based on the Ethereum ERC-20 standard. According to Cointelegraph the Ethereum network ICOs have resulted in considerable phishing, Ponzi schemes, and other scams, accounting for about 10% of ICOs.

On January 30, 2018, Facebook banned advertisements for ICOs as well as for cryptocurrencies and binary options. By April 9, 2018, ICO advertising has been banned not only by Facebook, but by Twitter, Google, and MailChimp.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called:RealDEX

What is RealDEX?

The realDEX token is based on the Ethereum technology ERC20. rDEX will be primarily used to pay fees for the trading platform as well as serving as collateral for running a Masternode on the network and getting paid by the network.

Furthermore, rDEX tokens will also be a method of payment for Affiliate Program, Advertising, Fees, Rewards and Commissions on the upcoming real platforms real-surf.net, real-local.net, real-auction.net, real-freelance.net and real-sociable.net.

As said earlier, realDEX is a Real Decentralized P2P Exchange Platform project running on Windows, Mac OSX or Linux program not relying on a Domain and/or IP for functionability. realDEX will need an Internet connection and will run on one TCP port number 9338. The realDEX Network only needs one port for full-duplex, bidirectional traffic. This port will be used for trading by all members of the network as well as communication with the Masternodes.

Real decentralization means that your Windows, Mac OSX or Linux program will generate a deposit address without any access to a wallet. The coins that you will be sending there will remain in cold storage until withdrawal is done via one of the Masternode on the network.

Buyers, Sellers, Devs and Masternode owners will never have access to private keys heavily encrypted and store on the realDEX blockchain database and yes, source code will be available on GitHub at https://github.com/realDEX

Masternode servers will be the only gateway for all withdrawals. Furthermore, Masternode wallets will carry a zero balance and will be encrypted by the masternode program itself.

realDex is analyzed into 4 categories:

realLOCAL

Decentralized person-to-person altcoin/fiat currency trading platform with an escrow service where one trade directly with another person and get your coins instantly.

realSOCIABLE

realdex is additionally agreeable where there is a Get Back Privacy where Associate and offer with friends and family will be on this Real slug check relational collaboration crypto submitted site.

realAUCTION

Digital currency Auction Marketplace stage. Purchase and Sell safely online with Bitcoin, Ethereum, rDEX and Sucre. Furthermore, in this Escrow benefit is discretionary. Lastly

realFREELANCE

Cryptographic money crowdsourcing commercial center site, which enables managers to post occupations that Freelancers, Digital Nomads would then be able to offer to finish.

realDEX is expecting to make a cryptographic money - supposed realDEX Token, for a demonstrated, sheltered, fluid and secure cash, that can possibly settle issues for in excess of 2 billion individuals around the world.

Token Distribution

Token distribution is not a public offering of equity or debt and consequently does not fall under the securities or any prospectus regulation. You can make a contribution to a smart contract system in Ether, Bitcoin and Sucre (acceptable Digital Assets) and receive realDEX Token in exchange. realDEX does not accept contributions in fiat currency and reserves the right to amend acceptable digital asset at any time, based on its sole discretion. All acquirement of realDEX Tokens shall be publicly accessible via the Ethereum blockchain browser.

ROADMAP

April 23 2018

Start Round 1 of rDEX Token Sale at 0.0001 BTC per rDEX

July 2018

July 04, Launching Marketing Platform realSURF - July 23, Start Round 2 of rDEX Token Sale at 0.0002 BTC per rDEX and july 26, Launching realLOCAL Exchange BETA

August 2018

Launching realSOCIABLE Social Platform

October 23 2018

Ending Token Sale and Launching Alpha version of realDEX (Not available to general public)

November 2018

Launching BETA version of realDEX Decentralized Exchange platform. Adding the rDEX Token to realDEX and realLOCAL Exchange as well as submitting rDEX Token to other centralized exchanges worldwide

February 2019

Launching BETA version of realFREELANCE Marketplace platform

April 2019

Launching BETA version of realAUCTION Freelancing platform

For more information, please visit:

Website: https://real-dex.net

Buy rDEX Tokens Cart: https://cart.real-dex.net

GitHub: https://github.com/realDEX

Facebook: https://www.facebook.com/realdexnet

Twitter: https://twitter.com/realdexnet

Google+: https://plus.google.com/b/114298820107512181985/

Instagram: https://www.instagram.com/realdexnet/

Steemit: https://steemit.com/@a-0-0-0-real-dex

Discord: https://discord.gg/qXZWnpS

Telegram: https://t.me/joinchat/I_e0YAk8BNg-N1rPfSEt1Q

Bitcointalk username:Samuel321

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101

DISCLAIMER:This post was brought to you by Opeyemi being my personal project on RealDex campaign project