Recently, people may have noticed that there are some "weird" User Issued Asset(UIA) that has extremely high trading volume in Bitshares DEX, and usually, most of the tradings happened within a few seconds, and then the activity becomes normal.
For example, the most recent example is OCT, though I don't even really get the idea of the so call oraclechain(OCT), they have raised about 14 million bitCNY and 1.5 million BTS, and their target is 30 million bitCNY, which is divided into three times(The day before yesterday, today, the today after tomorrow).
This is actually a new trend, ICO via Bitshares DEX, it has proves that the powerful trading engine of Bitshares is capable to process thousands of transactions per second.
The whole flow is:
1\Promoting your project, and announce that the ICO will be conducted in BTS DEX
2\ Finalize a time to do the crowdsale, and teach your potential investors to learn how to use BTS DEX.
3\ Buy wall will accumulate before the ICO starts.
4\ Click the sell button at the preset time and preset price。Done.
5\ All tokens will be liquid at the first time, so people can quit at any time.
Benefiting the advantages of Bitshares, the ICO on BTS DEX is fast, low cost, and secure.
Though most of the current ICOs are conducted via ETH, I believe ICOs on BTS DEX will be catching up. YOYOW was the first ICO in such a manner mentioned above on BTS DEX, and now OCT is the second. So far as I know, there will be at least two more soon. As more and more ICOs happen in BTS DEX, they must need more bitCNY or bitUSD, and most of the raised bitCNY/bitUSD will be stored via multi-signature of their dev team. Therefore, it will push the price of BTS higher and higher to create more bitCNY/bitUSD.
Can't wait for more ICO action on Bitshares DEX!
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Not a bad way to do it. The few ico offerings i have looked at must have a large overhead.
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wow ICOs seem to be unstoppable for now ^^
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ICO's seems pretty cool! Nice post, upvoted.
btw, made this blog post for the new investors; current BTC tips&tricks. @Styxer Thanks!
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I putchased Bitshares a few weeks ago, but know nothing about the Bitshares Dex. Is this just the Bitshares trading platform. This sounds like a good way to get a jump on the new ICO's... sorry bit of a newbie here and trying to learn.
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Interesting post. I was about to start a similair discussion. What if you give somebody a lot of money, they are less likely to work hard, smart and fight for their secure future. Starting a business is simply not easy. Companies have fight and go through the darkest times to get there. Starting of with a big bunch of money that most of this icos don't have simply doesn't help. I found this amazing platform: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. Check for example: https://www.coincheckup.com/coins/Bitshares#analysis To check Bitshares Report.
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