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Why the Whales Couldn’t Care Less

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What’s wrong with crypto investing?
If you ask traditional investors, you’ll probably get responses like:

  • Most projects have zero transparency.
  • There are too many impractical solutions being developed.
  • Few project leaders have the business experience needed to successfully launch their platform.

While three distinctly different issues, they can all be traced back to one major problem: Most projects don’t consider the needs of the traditional investor, which can be a crucial mistake when going after, excuse the pun, the big fish. This is because too many blockchain startups focus on attracting whales rather than the functional, conservative crypto investor.

This causes a number of long-term problems which can negatively affect the integrity of a project. For starters, whales aren’t necessarily interested in the long-term success of the project. They’re looking to invest in a startup when the price is low, then sell as soon as they’re able to maximize their profits.

Whales Aren’t Concerned with the Project

Naturally, there will be whales looking for investment opportunities everywhere, not just in the crypto space. However, the problem with blockchain projects is that they become so whale-oriented that companies start to lose the scope of their initial goals and objectives and wind up catering to whales rather than the blockchain community and their long-term investors.

What’s more, many whales end up manipulating the value of tokens to further increase their earning. If you’ve ever watched the price of a token soar after it was being overhyped on social media, or watched a token crash after negative, speculative news about a project went viral, then you’ve witnessed whales manipulating the market firsthand.

The Industry Needs a Workable Alternative

As it stands right now, the blockchain industry is overrun with whales looking to become the next Tim Draper and scammers looking to make a quick buck. Before we can truly legitimize blockchain technology and onboard serious, longterm, value-based investors, there needs to be a change in how startups raise funds.

Going forward, blockchain projects should:

  • Have safeguards to protect supporters against scammers.
  • Be aligned with the interests of the serious investor.
  • Be able to sustain themselves without the assistance of pump-and-dump whales.
  • Be free of speculation and unnecessary hype.

Guess what? We’re closer to this reality than you think.

The Solution Is The Distributed ICO

Distributed ICOs are a new, more efficient way for blockchain projects to raise money. They do this by bringing the security of smart contracts and traditional project management to the blockchain arena.

Instead of generating hype and appealing to the deep pockets of whale investors, distributed ICOs target the serious blockchain enthusiast by ensuring supported blockchain projects are practical and capable of addressing real-world issues.
Here’s how the Distributed ICO works:

  • Funding is based on the actual needs of the project. Startups are only able to raise the money they need to ensure their platform succeeds, effectively reducing the need for whales.
  • Funds are distributed over an extended period of time rather than at once. Like years and quarters, the project is divided into periods and rounds. At the end of each round, a specific number of tokens are allocated to the investors.
  • At the end of each round, investors are able to vote on the future of the project. This ensures that the platform is always aligned with its investors. If the investors vote not to continue the project, their funds are automatically returned and the ICO is terminated.

Moreover, the distributed ICO model rewards early investors by offering tokens at a discounted rate in the early periods of the ICO.

Sound interesting? Visit ICOSuccess today to learn more about Distributed ICOs and how you can use them to take your blockchain project to the next level.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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