Question : 1 - What can you say about Crypto Investment and how to properly utilize the investment tools available to make the right decisions?
We are living in digital world where from buying and selling of services, goods technology are taking place through digital currency. Crypto Inverstment can be define as the buying or selling of product with the resource in order to generate profit. Every crypto investor keep goals in his mind, whether short term or long term. Short Term Goal can be define as buying buying on low cost and wait for your desired cost to sell that product. While on other hand long term goals holder use HODL technique to and hold the asset untill it reaches to his satisfaction level. The blockchain technology attracting people, peoples are now taking interest in crypto investment because of it's decentralized system where data security is guaranteed and no third person is required to speed up or pass your transaction. Crypto investment is not only able for the one who have resources but artist with their digital art are now making great effort in the development of crypto investment or blockchain development. As I learned in previous week lecture of Professor Pelon that NFT Market is motivating peoples and increasing their interest in digital art which result in the development of Crypto Curreny. Crypto Investment can be a source of great earning the one who analyze the market with all his skills and do effort in getting knowledge about current world and next moves of Gaint Associations like NBA, Etherum, Bitcoin can make accurate investment with 100% chance of profit.
Investment Tools
Crypto Blockchains are spreading all over the world. One who is beginner can be confused in this world because it is not that easy to pick who is scam and who is honest. Crypto Investment is not easy for newbie because now more than 4,000 blockchains are in operation. But there are some guides available for beginner which can help them in early days, you can call them investment tool because it helps us in investing our amount.
Proper Investigation : Without proper analyze you can not put your resource in any coin or crypto market because you are not aware of scam. The first step is to double check the market place whether it is legit or not. After you done research about the market must research about it's founder and his achievement and his aim. This will help you to predict the long term goal of market.
Stay Tuned : Crypto market is one minute up and next minute down, You can not do anything if you are not in touch of the market. Experts always analyze the market before putting in resources.
Exploration : Try to explore more and more about crytpo market. This will help you to polish your skills and you will be able to recognize the scam user on your own.
Data Chart : You must learn to data chart for better understanding of ups and down of market and coin.
These are somethings that you must do before jumping in Crypto Investment.
Question : 2 - Talk extensively about the following. Also, highlight the benefits and risks associated with each.
Professor guide this really skillfully and this is the best part of this lecture.
- Private Sale in Cryptocurrency : Private Sale could be define as the exchanging of tokens with another token/crypto blockchain which is published only for a specific group or specific peoples. These coins are non-generalized, which are not available for everyone. These type of special issuer of coin want to see their coin in great place and their goal is to hit decided target.It is the first phrase of initial coin.
Benefits :
- These type of issuer is looking or taking care of specific group and provide discount on the purchase.
- Due to discount investors increase the blockchain development which increase the chance of profit.
Risks :
- These issuer are not easy to trust and can do scam with you.
- These type of issuer mostly publish unrecognized tokens.
- Presale in Cryptocurrency : It is the second phrase of initial coin. It is publicly announced and does not like private sale. These tokens are also available in discount at the time of issuance which result in win-win situation. Investors are allowed to exchange their asset with the tokens it increase the profit chance of investor and Investors are able to sell them publicly.
Benefits :
- It is fundraising method and beneficial for new ICO's.
- It is a source to generate more profit because professor teach us that it is allowed to sell publicly.
Risks :
- Investors start dumping token when they does not get profit.
- Pre-Selling also has a huge risk ratio of project failure.
- Public Sale in Cryptocurrency : It is the last phrase of initial coin. In this phrase public demands the investor to put in resources in the fundraising. This phrase does not deal in big discount like Private & Pre Sale tokens. This tokens are allowed to sell publicly with less risk of loss. Centralized and Decentralized method take place in this sale.
Benefits :
- Theses tokens are allowed to purchased or sold by general public.
- More fundraising than Pre and Private sale.
Risks :
- Change in price are not predictable, one minute up next minute down.
- Does not have high discount.
Question : 3 - What are the mediums used for Public/Pre/Public Sales in Cryptocurrency?
Mediums used for Private/Pre/Public Sales
Token issuer always want to see his success and try to use different unique techniques for it. Blockchain fall in different different medium to make their successful in Crypto market.
Following are some types of medium used for Private/Pre//Public sales.
- Issuer's website : Token Issuers use an organized and related website to show case what they deal in. and for the publicity of their token. It invites peoples for buying purchasing of token. Here you can make transaction easily. from one currency to another currency. Making transaction is not a single purpose but giving information about token and attracting beginner is also take place in this medium.
(Assume I have 5 USD and I want to make transaction from USD-BB Token with a exchange rate of 1USD = BB Token Steem, I will receive 110 BB Tokens)
- Crypto Launchpad : Crypto launchpad is an essential medium for the progress of initial tokens. Crypto launchpad can be define as the platform where issuer list projects for fundraising. This medium let investors to know about projects and it's statuses. Following are the list of top 5 launchpad til September 2021.
- The Qube Launchpad (Decentralized)
- The Red Kite Launchpad
- TrustSwap Launchpad
- Polkastarter Launchpad (Decentralized)
- Unicrypt Launchpad
Question : 4 - Research about any recent (2021) successful ICO or IEO and give detailed information about the project.
From the above Interface I picked Recent Successful ICO 2021. which is Revenue Coin.
You can see the Logo of this ICO at the Top of Left Corner of screen. You can also see the other options like Blog, Issuer Website as discussed in Question 3 and white paper. By clicking on which you can receive information related RVC. RVC is a revenue capital ecosystem based on ERC-20 Tokens. In RVC investors hold tokens to receive certain percentage of amount of total revenue.
This is the link to direct visit Token/Issuer website RVC along with the main interface.
Detailed Information
From above screenshot general information of this ICO could be seen easily.Like starting date and end date etc.
ICO Start : 15.10.2021
ICO End : 30.11.2021
Token : RVC
Price Per Token : $ 0.012
Soft Cap : 2.500.000
Hard Cap : -
Platform : ERC-20 Ethereum
Buy With :ETH, BTC, USDT, BNB
RESTRICTED COUNTRIES : USA and Canada
Profile link
He is the Co-Founder of RVC.
Profile Link
He is tha managing partner of RVC.
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.
For this question I would love to imagine the MCC (Music Culture Coin).
I developed this coin for everyone who is believing in the Digital Music. NFT world is getting popular and Music is an essential part of it. This coin will be in operation against exchange or buying and selling. Now peoples are taking interest in Music World to run away from stress and enjoying life so this Coin will surely gonna hit the world.
This blockchain support both centralized and decentralized method and work on Ethereum Structure. The transaction fees will be very low because people does not prefer to day high fees for transaction. After calculation of expenses and white paper. We start fundraising for the development of our by going through 3 phrases.
Rate of coin for three phrases :
Private : 0.20 $
Pre : 0.30 $
Public : 0.40 $
Phase 1 Private Sale ICO :
ICO Start : 11.10.2021
Token : MCC
Price Per Token : $ 0.20
Platform : Personal Web
Token Supply = 540,000
Fund raised = $ 108,000
Buy With :ETH, BTC, USDT, BNB
RESTRICTED COUNTRIES : Germany
This Fund will be use to improve management and effectiveness.
Phase 2 Private Sale ICO :
ICO Start : 20.10.2021
Token : MCC
Price Per Token : $ 0.30
Platform : Personal Web
Token Supply = 540,000
Fund raised = $ 162,000
Buy With :ETH, BTC, USDT, BNB
RESTRICTED COUNTRIES : Germany
This Fund will be use in publishing more music.
Phase 3 Private Sale ICO :
ICO Start : 28.10.2021
Token : MCC
Price Per Token : $ 0.40
Platform : Personal Web
Token Supply = 480,000
Fund raised = $ 192,000
Buy With :ETH, BTC, USDT, BNB
RESTRICTED COUNTRIES : Germany
As per Professor @fredquantum givem Home work I need to specify 1 Public Sale too.
ICO Start : 04.11.2021
Token : MCC
Price Per Token : $ 0.85
Platform : Personal Web
Token Supply = 761,000
Fund raised = $ 646850
Buy With :ETH, BTC, USDT, BNB
RESTRICTED COUNTRIES : Germany
These sale really helped me worked in my favor to gather this great amount.
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.
For getting listed in CoinMarketCap You must ensure that you have fulfilled all the requirements From Coin Market Cap. Following are some main requirements ;
You must submit application form of your coin and wait for the approval from Coin Market Cap.
You are not supposed to change information after approval like Coin name, structure and other General Information. After approval your coin will be listed for free.
Must follow the agreement/contract sign between you and Coin Market Cap.
Your coin must have it's own Identity different from other.
Must introduce transaction system and native identity.
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 :
For answering this part I must refer to Binance, I learned/receive the information that no coin will be listed in centralized app until it has not earned support from Binance and which does not make transnational interaction with BNB Native coin of Binance. It must need to stay in with Binance on daily basis.
That is all for this assignment. Thanks for reading my post.
Thank you once again Professor @fredquantum for this important assignment, I learned alot from this.
Regards : @dabeerahmed
This assignment is really informative and increase my exploring skills. I learned many thing from Professor and explore many things from internet. I wish this will become beneficial for me. I would like to mention some best websites which help increasing my knowledge and helped me in exploring the assignment tasks.