You may or may not have heard about this new ICO. I am writing about this one as it has been highly rated by ICObench giving the ICO a rating of 4.3. I have included the link for you to see what ICObench has to says about it.
https://icobench.com/ico/tokendesk
I have read about this ICO and I find it quite interesting on a number of levels. The first is the problem that they are trying to solve.
PROBLEM
The data below is taken verbatim from their whitepaper.
ICOs are a fascinating new trend within the startup world. Yet, there is currently no common agreement
about publishing certain types of information on an ICO platform. Consequently, it is problematic to
distinguish between appropriate information and scams.
Countless websites appear very similar to advertising pages rather than qualified investment platforms.
Likewise, there is no technological solution that offers the option to buy a company’s tokens directly. This
brings us to the following problem: investing in ICOs is still a complicated process where investors need to
absorb a multitude information and delve deeply into the details about diverse types of ICOs.
Besides this, investors are obliged to open numerous types of token wallets and to exchange
cryptocurrencies into the acceptable altcoins. Finally, investors need to go back to the ICO website, find the
altcoins wallet address and fill in a number of special forms.
This procedure is too difficult to be effective in the acquisition of tokens, especially if an investor wants to
participate in more than one ICO. An even more complicated procedure is involved in token sales.
SOLUTION
Again this is from their whitepaper.
BEFORE
- Find ICO publishing place
- Choose the ICO tokens
- Go to the ICO website
- Create an account
- Open the token wallet
- Exchange your currency
- Go back to the ICO website
- Make a payment
- Check your email confirmation
- Check your token wallet
- Wait for your tokens
AFTER the launch of TokenDesk
1 Choose the ICO token
2 Select the amount
3 Choose the payment method
4 Confirm your payment
This seems like a much easier to buy cryptocurrencies which for the average user can be daunting, any ICO looking to become very successful needs to pull in those who are intimidated by its ability to obtain.
Below is another major plus for this ICO
ALL PAYMENT METHODS
Tokens are purchased only in several specified currencies (BTC and ETH, or BTC and Waves, etc.).
Unfortunately, an investor needs to exchange the currency every time in order to purchase a specified token in a specified currency. That’s why the TokenDesk team has decided to find a technical solution to make these payments easier, faster and safer.
TokenDesk platform will accept the biggest range of payment methods: more than 10 different altcoins may be used straight after the platform’s release; while the beta version will provide for as many as 30 different altcoins. In addition, will accept all the most popular Fiat payment methods like PayPal, MasterCard and Visa, Wire transfers, etc.
Aside from the ease of obtaining ICO's, they also make it much easier, and accept many other forms of cryptocurrency to buy them as well.
Below is another very unique part of this ICO which gives it's investors a say in what types of ICO's go onto the platform. It is called their Ratings Process.
RATINGS PROCESS
TokenDesk will create a ranking system that will benefit token holders in the process of deciding which ICO is worth their investment. Furthermore, the token holders who participate in the voting can earn additional income. The process will be easy enough to rank the ICOs in just a few minutes.
First, the ICO will allocate a specified amount of ETH for the investors who will be participating in the voting.
Secondly, the token holders will be asked to start ranking various subjects according to the information that is published. The ICO’s team, product, white paper, business strategy, and development plans are ranked by choosing the answer “Yes” or “No” for every subject.
The average vote will be determined.
Finally, the token holders who have given the final rank that is the same as the average rate will share 90% of the remuneration, while the others will share 10% of the ICO’s remuneration.
This creates a unique sort of passive income and is an incentive to hold the coins, which does help in increasing the value.
CASHBACK PROGRAM
TokenDesk will return up to 4.5% of your spending in our platform. The cashback program is a way to reward our community for supporting our platform. If you are a TDS holder, we will return up 4.5% of your spending in our platform every month. Your cashback rate will depend on the amount of TDS that you own on the day of issuing the cashback reward.
CASHBACK PROGRAM RATE
Cashback program rate depends on the amount of TDS tokens owned:
1% < 499 TDS TOKENS
2% 500-999 TDS TOKENS
3.5% 1000-1999 TDS TOKENS
4.5% 2000 TDS TOKENS
TOKEN REPURCHASE PROGRAM
Token repurchase program is a way of rewarding TDS community. TokenDesk aims spend 12% of our NET profit quarterly for buy back TDS Tokens. It increase TDS Tokens value and liquidity gradually. Tokens, that are bought, will be burned by a smart contract.
RIGHTS OF TOKENDESK'S TDS TOKEN HOLDERS
- TDS right to vote.
Each token will grant its holder one vote, which may be used at the token holder’s discretion to vote for the published ICO projects in the platform. The more tokens one has the more votes one can cast.
Only the whole TDS token will grant a vote - if a token holder owns a fraction of a TDS token, such a fractional ICO token does not grant them any voting rights. A token holder may award all of his votes to one project or may spread them among several projects.
- Owners’ right to exchange the TDS for new ICO project tokens.
When a new project is launched, the TDS tokens owners may exchange their TDS tokens for the tokens of the new ICO project.
The special exchange rate will be set only for token owners. The more ICO tokens their holders exchange the fewer TDS tokens and votes they will retain.
- Owners’ right to exchange TDS for other tokens or altcoins.
After TokenDesk’s ICO procedure and the issuing of TDS tokens has ended, the TDS token holders will have the right to exchange the tokens with another token or altcoin.
All owners will be informed about which exchange platform the TDS token will be published on by email in advance.
There are also a few more things I could go over on this ICO but I suggest that you take a look at the whitepaper which is where I got all of the information for my research on this ICO. The link is below.
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