DropDeck ICO: royalty and debt financing for business, research and tools for investors

DropDeck is a business funding platform focused on fast growing companies and operating on a global scale. It will offer both royalty financing, in which investors have the opportunity to contribute to a business in return for a share in the profits from its success, and also debt financing, in which investors may lend capital to the company and earn interest with the repayments.

Businesses seeking funding are exhaustively scored and ranked, with information and research presented in a streamlined three level interface. This whole process makes use of a token-incentivized mechanism for evaluation and funding, and a smart contract based blockchain foundation.

On November 21^st 2017 DropDeck will launch an ICO token sale to raise funds for the development and marketing of this business funding platform.

The DropDeck evaluation process

To help investors find the best high growth startups and SMEs, and to minimize risks to their capital, DropDeck will use a combination of artificial intelligence, crowdsourced evaluations, and the personal trust circles of participants to screen, rank and score investment opportunities. It will be the first platform to combine AI applications with blockchain features and the crowdsourced wisdom which that enables in order to improve the quality and integrity of ranking and scoring companies seeking funding.

Smart contracts connect hunters (who find and introduce companies seeking funding), evaluators (who contribute to ranking and scores), investors and companies in a transparent manner with automated allocation of funds. Each campaign is scored on trust level and potential for profit, and interested investors can also pay to view the research behind a company’s score in detail.

To make using the platform as easy as possible for investors, and to minimize wasted time, this information is presented in a three layer funnel design, featuring home, deck and claim pages.

The DropDeck ICO

The whole DropDeck system is powered by its native ‘DDD’ token. This token is used by funders to make investments, and to reward hunters and evaluators. Because of its use within the platform it is not classified as a security (like a company share), but yet usage of the platform increases demand for the token and therefore increases its value.

Half of the total supply of DDD tokens will be made available for sale, with the ICO crowdsale beginning on 21^st November 2017. The other half will be split between founders, advisors, early backers, crowdsale bounties / rewards and a reserve fund for the company itself.

For more information about DropDeck and to participate in the ICO and share in its success take a look at the following links:

Website: https://dropdeck.io

Whitepaper: https://drive.google.com

You may also like to take a look at the following short video:

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United Traders ICO: Full suite of crypto and mainstream investment products with innovative liquidity solution

United Traders (UT) is a proprietary trading company established in 2009. Employing traders from forty-two countries around the world, it has won multiple awards for its success in the world of traditional finance. With one of the firm’s products already integrating cryptocurrency, and several new blockchain products in the pipeline, United Traders is launching an ICO to raise funds from interested investors.

United Traders today

The company first gained mainstream recognition in 2011 when it won the ‘Best Private Investor’ competition run by the Moscow Stock Exchange, with returns of over 10% per annum. The UT hedge fund was further recognized in the Russian Hedge fund industry awards in 2014 and again in 2015.

At the heart of UT’s future plans is the Aurora multimarket trading platform for Windows users. This platform is already in operation and being used by clients, and facilitates trades across a range of traditional financial and cryptocurrency exchanges, including NYSE, NASDAQ, BATS, ARCA, CME, CBOE, CBOT, EUREX, MOEX, SPBEX AND Kraken.

New Products in the pipeline

Building on this success the UT team are building their own cryptocurrency exchange called UTEX, which they believe has a great chance to become one of the top global exchanges purely based on use by current clients of the Aurora trading platform. Of course they also aim to attract new clients in addition to this.

Even more interestingly, the company believes it has hit on a technical solution to the problem of liquidity that hampers many larger investors wishing to enter into trades on cryptocurrency markets, which often have lower volume than they are used to. This is called the ‘Smart Route System’ and is based around the ability to break up large orders and execute the parts simultaneously across a spectrum of different exchanges.

For investors lacking the in-depth technical knowledge required to successfully profit from the blockchain revolution UT also has a solution, in the form of an investment platform where anybody can build up a portfolio based on investment ideas crafted by experts. Currently these investment ideas come from UT themselves, such as the Kvadrat Black algorithmic hedge fund. But in the future, any successful investor will be able to prove themselves, with their performance recorded transparently on the blockchain, and then make their strategies available for other investors.

In addition to these services, the company is also building a crypto investment knowledge base called the ‘Mega Dictionary’. Generating income from advertising, this investing dictionary will crowdsource a comprehensive guide to every topic UT clients may be interested in, rewarding contributors for their efforts.

The ICO

All of United Traders’ products will make use of the in-house UTT crypto token as their internal currency. In total 100 million UTT tokens will be creating, with 65 million going on sale to the public.

The initial distribution of these tokens is taking place now in the form of a ‘pre-ICO’ sale, in which early investors who are able to meet the minimum purchase requirement can buy tokens with a discount of up to 30%.

Following this, a full public ICO sale will begin on 30th November 2017.

For more general information about United Traders and to register for participation in the ICO visit: https://uttoken.io/

Or for more detailed information about the products they are developing you can also take a look at the whitepaper here.

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Rapid Increase in Tether Supply Raises Concerns of Manipulation, Creative Accounting

Tether has always been a controversial token – claimed to be redeemable for fiat currencies but shunned by the fiat banking system. However, the rapid expansion in Tether supply has raised concerns about whether this could be one of the reasons for the overall cryptocurrency boom.

What is Tether?

According to the Company’s website, Tether is a cryptocurrency whose value is anchored or ‘tethered’ to the value of national currencies like the US dollar. Tether.to claims to have combined the best of both worlds – a stable currency value and benefits of Blockchain technology. Each tether in circulation is supposed to be backed by a dollar held by the Company in reserve.

Supply: +10,000% in one year, +43% in November

The overall supply of tether has rapidly increased in 2017. Since the price of each tether is pegged to fiat (dollar or euro), the overall market capitalization reflects the underlying supply of tethers. The total market cap of tether has shot up from $6.9 mln in November 2016 to $645 mln currently. That is 100x increase in supply in the last year.

A significant portion of the increase has occurred in the 15 days of November 2017 – the supply / market cap has increased by $200 mln in that time. Since each tether is supposed to be backed by a reserve of fiat currency, questions are being raised about how Tether (the company) has managed to expand its balance sheet so much in the last year.

Transparency page not so transparent

Tether.to has a transparency page which it claims represents the balance sheet of the Company in near real time. It also claims that the Company’s reserves are subject to regular audits. After lots of criticism, Tether.to published a memo from Friedman LLP, who were hired as consultants to make limited findings (not audit) of the cash held by the Company as of 15-Sep-17. However, since the supply of tethers has increased substantially post Sep-17, concerns have again been raised on the assets held by Tether.to.

Willy and Markus bots redux?

Using non-existent money to trade can result in the price skyrocketing. It is alleged that the rapid bull run in 2013 was caused by 2 bots – Willy and Markus who bought Bitcoins at regular intervals, without spending real money. The resultant collapse of Mt. Gox and crash in Bitcoin’s price took years to overcome. Helicopter money has a documented effect of fuelling inflation.

The value of increase in Tether’s supply ($200 mln) in the last month pales in comparison to Bitcoin’s trading volume ($5 bln), but any fear about the currency pegs of tether would affect the entire cryptocurrency ecosystem. It could lead to people trying to redeem their tethers or dump them on exchanges. Social media is abuzz with doubts about the stability of Tether, with one user going so far as to offer a bounty if somebody could prove that Tether held sufficient cash in its bank accounts.

Required – transparency and audits

What Tether.to needs to do is reassure the cryptocurrency community about the soundness of their balance sheet. This can be established through a full audit done by a reputed agency. They also need to be transparent about their assets – where exactly are their cash balances held and who are their bankers. Lastly, the Company’s legal terms and conditions must not disown all responsibility for redeeming tethers

There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money.

People believe that one tether can be redeemed for one dollar, and that is what gives it value. The Company would do well to affirm that, especially if its customers are able to demonstrate compliance with all know your customer / anti money laundering regulations.

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We’re Looking ‘Very Carefully’ at Bitcoin: U.S. Treasury Sec. Mnuchin