(Crypto Academy / S4W6) Homework Post for @fredquantum

Hello everyone, and welcome to another exciting moment in the crypto world (Steem crypto academy). It's my pleasure to participate in the homework given by our professor @fredquantum. Thanks for staying tuned

Question 2

Talk extensively about the following. Also, highlight the benefits and risks associated with eachn

i. Private Sale in Cryptocurrency.
ii. Presale in Cryptocurrency.
iii. Public Sale in Cryptocurrency.

Private Sale in Cryptocurrency

The private sale in cryptocurrency is tagged as the initial sales. This is mostly done when the project is just coming up and the certification is doubted, but many crypto enthusiasts have the orientation that a new project would bring them more profit and they keep pumping into it. Sometimes, the result can be huge, and on the other side, they might leak the air. Only the issuer of the token would make merry as they've gotten the fund to do one or two things

Presale in Cryptocurrency

The presale is done to facilitate more investors to buy and hold the token. Most presales are done after the first offering and this is to gather more investors, that's why they give a discount on the price. Note that the asset is given out lower than the price designated for the final offering. This makes the investors key in and invest more in other to make a profit when the project is finally in the market for exchange

Public Sale in Cryptocurrency

This happens to be the final phase of the offerings. At this point, the investors are invited to support, but there's less profit with a high level of success at this phase because if a project can pass through the first two phases successfully, there's a likely hood of getting light at the end of the tunnel. However, it's still not 100% certified

Question 3

What are the mediums used for Public/Pre/Public Sales in Cryptocurrency?

Most issuers use their website to publicize their sale. Like seriously, any project without a website in the crypto industry will never be trusted so the first thing any issuer does is get a website that would analyze and get the public to understand their project. Also, social medial channels like Twitter, Instagram, Facebook, and so on are also mediums for the to publicize their platform. There are still some fundraising platforms used for this purpose. Recently, some crypto organizations came together to support new projects springing up. XRP also pumped millions of dollars this year to fundraise some projects. All these are the means used for public/pre-sales in cryptocurrency

Question 4

Research about any recent (2021) successful ICO or IEO and give detailed information about the project. (Note: BETA token is excluded)

Larix is a project built on the solona blockchain. Solona blockchain is known and identifies as the most scalable blockchain ever. The scalability rate of the solona blockchain cannot be compared to any other blockchain. Their transaction rate is far lower and the speed is awesome. Imagine the processing of more than 50,000 transactions per secs. Damn! That's fucking ceiling-breaking

When you talk about a lending platform on the solona blockchain, Larix is one to mention because they are just new and they aim to cut across almost every angles (Not only cryptocurrency)

Larix is the ultimate lending portal of the Solana public chain. It uses a dynamic interest rate model to create an efficient risk management fund pool, which is fully used under the premise of ensuring the safety of assets. In addition to the basic borrowing of the Solana ecosystem, Larix will support the mortgage and lending of new synthetic assets such as indexes, gold, US stocks, and NFTs.

Some of the info can be gotten from the coin market cap. see below a screenshot.

Screenshot (64).png

Larix token did their IEO between September 15 2021 and sep 16, 2021, and that was 30 days ago. The token for sale was 6,666,666 LARIX, and on the coin market cap, you can check their info all through. As of when this post was created, the coin was $0.6

The coin is listed on various platforms like gate.io, bitmart, and so on and they are the first lending protocol on the solona blockchain.

Question 5

Create an imaginary token. Write about the project including its use case. Develop an ICO which includes Private sales (3 stages) and Public sales (1). Note that: You are expected to explain what the funds are intended to be used for, your Private sale should have 3 stages, and specify the initial supply available, and the price you are issuing the token in each stage. Also, specify the price you are issuing the token at the Public sale phase (including the supply)***

Earn while typing(EWT TOKEN)

Most of us know about Mavis Beacon. What do they do? They help users to improve their typing speed. So this concept is also the same, but the difference is that you get rewarded as you type. This is the sole use case of this token. But to participate, you need to have some token in your wallet to be able to mine the EWT token. But there's a free version that enables users to type and check their WPM

EWT used a set of nodes to create sustainable means of interaction with the steem network. Using proof of stake concepts, I derive a system called typingShare. TypingShare is key to ensure the growth of the Earnwhiletyping ecosystem is well tracked, managed and sustainable. Also, it determines the governing power of users in the ecosystem. Users' typing share is primarily determined by the controlled power of 10,000,000,000, circulating supply of the EWT token, and user’s stake

User’s EWT = Uewt
Con-pow = 10,000,000,000
supply = 900,001,000

(Uewt * Con-pow / supply = typingShare)

How to determine the typing share of users

If John have 12,000 EWT, his typing share would be calculated thus using the typing share formula

12,000 x 10 billion / 900 million = 133,333.333
So it means john’s typing share from the 12,000 EWT he’s holding in his wallet is 133,333.333.
Every user’s typing share is calculated the same way with respect to their holdings.

Typing credit recharge rate

For every user, it takes approximately 432,000 seconds for typing credit to recharge if exhausted, just as we have RC on steem. However, the user's stake determines the regeneration speed. The higher the stake the higher the account would generate in a minute

Typing Credit consumption

In other to have a well-managed and sustainable system in case of congestion, there is a set of nodes that manages users' transactions and activities, and they are all created by @ckole. However, activities on Earn while typing consume a fixed amount of the user typing credit. The consumption is explained below

Typing takes 5%
competing with others takes 2%
Likes/Dislikes 1 %

All these makes the platform more functioning and alive

Allocation & Supply

The EWT token has a total supply of 1,000,000,000 tokens, out of which 10,000,000 EWT are fixed for public sales. The rest are fixed for miners as they type and carry out other activities. There are ways that the EWT could be mined, but most access is put in the typing activities. However, one of the key EWT use in regulating the mining of the token is the inflation rate. The inflation rate reduces mining in every percentage just to make the token scarce and boost its price in the market

1st private sale

Date: 30th january 2021
Token Price: $0.50
Token Available: 2,000,000 EWT
Amount generated: $1,000,000

2nd private sale

Date: 5th March 2021
Token Price: $0.65
Token Available: 3,000,000 EWT
Amount generated: $1,950,000

3rd private sale

Date: 25th June 2021
Token Price: $0.75
Token Available: 3,500,000 EWT
Amount generated: $2,625,000

From the three private sale, $5,575,000 was generated.

public sale

Date: 15th september 2021
Token Price: $1
Token Available: 1,500,000 EWT
Amount generated: $1,500,000

System upgrades and changes will constantly happen on the EWT platform when they are deemed valuable for the ecosystem. In system upgrades/changes, there will be a means for agreement between the 50 top EWT token holders within the ecosystem before any changes will be made on the nodes and the system in general. The top 50 holders are known as the EWT power members

This will make users of the EWT platform try to be among the first 50 holders of the token

This project is solely designed by @ckole (An upcoming developer (front and back end. I'm good at HTML, CSS, bootstrap, React native (not completely perfect), javascript (halfway), and NodeJS ))

Question 6

What are the criteria required for listing a token on CoinMarketCap. Is there a criteria for listing an asset on a Centralized Exchange? If Yes, use an exchange for your explanation in response to the question

Screenshot (66).png

There are criteria really. Every field must be filled in the form designed by coinmarketcap for listing of coin.

You must sign with your email
The full name of your project is required
You must accept all their terms and conditions
Discuss your relationship with the project in full for them to know who you are
It's also important that you give the full description of the project and the platform on which it's built
Your team members must be included. The country where the project is located must also be included

All the information about the person listing the coin and the information about the project would be collected. If any of this info is not complete, there's a possibility of a request being turned down.

listing of centralized excahnge

Screenshot (67).png

Every platform has its policies and ways of listing. I would be using Houbi as a case study. On the Huobi platform, you can see the 'apply to list' in the footer of their website. Clicking on it would take you to a new page where you would have to fill in all the information about yourself, the team, the project and accept all their terms and conditions

Screenshot (68).png

Also, the company must be registered because you will have to upload several documents to proof that you are not trying to fake their system. There are other steps too. [You can get them through their application center and authentication](https://www.huobi.com/en-us/application-center/authentication/)

Thanks for reading.

This is ckole the laughing gas

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