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Tokens: What are they, and what is the enabling technology? An ICO, otherwise called a “token sale” or “token launch,” is where a company is creating a new product with an associated utility, and wants to build an ecosystem of stakeholders upfront who will benefit from purchasing the product early.
This token sale enables the company to further develop their product with an established user base, and the company can use some of the proceeds to build the product. However, it’s important to distinguish between coins and tokens, as the two terms are often interchanged in media coverage. Best Bitcoin Gold BTG Mining Computer. A coin is a unit of value native to a blockchain. It is a means of exchange within the blockchain to incentivize the network of participants to use the blockchain. Cryptocurrencies Bitcoin, Ether, Ripple, and Litecoin are all examples of native coins. The sole purpose of a coin is to exchange value, and it has limited functionality beyond that. 1 The Ethereum protocol’s currency, Ether, functions as a coin for that blockchain.
This project was added to ico directory and not listed among reviewed ICOs. DigiByte (DGB) Follow Project Visit. Upcoming ICOs. ICO Directory.
However, the Ethereum protocol has been widely lauded for its additional smart contract functionality. This functionality allows logic to be coded into the blockchain, creating the ability to replicate, for example, business processes that execute automatically. Smart contracts additionally allow the developer to create a token on top of the protocol. The token can have a functionality beyond an exchange of value—it can represent any asset or functionality desired by the developer.
2 When one creates a token in Ethereum, it is created as a smart contract, with each token being governed by a single, unique governing contract. Risks & considerations It’s an exciting time for startups to launch and grow using this new business paradigm supported by blockchain technology. It allows them to simultaneously build an ecosystem of users and stakeholders based on an integrated token that provides utility to the users and payment to the service provider. However, there are some risks and challenges observed as the market matures. One key challenge is the strain created on the Ethereum network as the volume of token sales increases. The sheer volume of token sales, coupled with some improperly designed token sale models, have created congestion in the number of transactions on the Ethereum network.
4 This has led to a number of issues which includes delayed distribution of tokens, extreme Ether price volatility, halted or slowed functionality of Ethereum-based Dapps, and exceedingly high gas (the embedded transaction fee) prices 5 that inflate the token value. Combined, these issues could have many consequences for future token sales. If a large amount of resources is required to participate, the pool of potential token buyers will be further limited to a handful of well-funded individuals or groups. Moreover, token distribution and Dapp service issues have invariably affected buyer confidence in the token sale market and perhaps tarnished the reputation of otherwise well-designed products. Liquidity and transparency are core values cherished by the blockchain community, and this issue must be addressed over time in order for token sales to remain attractive to buyers. Bottom Line Like any new technology, market, or process, it has taken some sifting through the rubble for the gems to emerge. What Is A Verge XVG Miner. A prospective buyer should carefully study the company, its product, and conduct sufficient due diligence themselves before purchasing tokens.
With the rapid growth of token sales in the market, it’s easy to feel that we are in the midst of a bubble. Regulatory changes will determine whether token sales continue to flourish in the long run.
However, a look beyond the headlines shows that token sales provide a viable mechanism for companies to build product ecosystems efficiently and sustainably. By creating a token that has inherent product utility, a company can secure a network of suppliers and buyers that is difficult to attain so rapidly by any other mechanism. This unique capability is an exciting new opportunity and value proposition for companies that is unmatched by any existing technology today. 1 Zach LeBeau, “What’s the Difference Between an ‘ICO’ and a ‘Token Launch’?,” May 2017., June 2017.
2 Amy Castor, “Ethereum ‘Tokens’ Are All the Rage. But What Are They Anyway?,” June 2017,, June 2017. 3 Richard Kastelein, “What Initial Coin Offerings Are, and Why VC Firms Care, March 2017,, March 2017. 4 Stan Higgins, “Startups See Service Outages Amid Ethereum Blockchain Backlog,” June 2017,, July 2017.
5 Stan Higgins, “Miners Boost Ethereum’s Transaction Capacity With Gas Limit Increase,” June 2017,, July 2017. See for more information. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ('DTTL'), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as 'Deloitte Global') does not provide services to clients.
In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the 'Deloitte' name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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I want to start off by acknowledging the sheer number of coins that are now available in the crypto world. Looking at, there are currently over 1000 coins, granted lots of those include the low volume section, but the point is you can search for coins all day long. Oh, and I forgot the include all of the ICOs and new coins that are currently under development. Things are definitely looking bright for the cryptocurrency world.
Now, why we're all here, Espers. Maybe the title attracted you because you too want digibyte gains, well let’s get into the analysis.
Tech Specs Espers made their first post on the on April 12, 2016. • Abbreviation:ESP (2.0) • Algorithm:HMQ1725 • Max Coins:50 Billion [ESP] • Type:PoW/PoS • Reverse-ICO:20% (They gave away 20% of the coins through social media bounties) • Reserved for Development:5% • Block Time:Initially 15 Seconds Now 3.5-5 Minutes • Port:>RPC - 22442, P2P - 22448 • Auto Updater:Windows only • Auto-Generated Config:Yes • In-wallet Miner:CPU/GPU (Under Development) • Date Founded:April 12, 2016 • Current Developer:CryptoCoderz Why Espers?
What excites me about this project is what is to come soon and the current positioning of the coin, given the price. Heading over to espers.io you are greeted by what looks like a clean looking website and it feels relatively user friendly. The Android mobile client is set to launch very soon along with the whitepaper for the project. I remember looking at verge at below 10 Satoshi, I do believe after they released their 'blackpaper' as they called it, it did have a big run up in price. Another similarity can be seen in the circulating supply of coins.
Espers has about 20.4 billion, digibyte is at 8.7 billion, and verge is at 13.4 billion. I was lucky enough to be able to buy Digibyte a few times below 50 satoshi and 100 satoshi (I did end up selling it for 'only' a few x) I believe the big run of digibyte allowed for coins with huge circulating supplies to be seen in a better light. Shoutout ripple(XRP) and NEM(XEM) for also showing this.
I'm not here to promote all these huge circulating supply coins, but only to interpret the market sentiment of these coins. Back to Espers.
The most promising feature for me is sites on the blockchain. Imagine being able to navigate websites like the one you're on right now in a decentralized fashion. No web hosts, no censorship, and more control given to the user. Isn't that what crypto is all about? I think that websites on the blockchain is the game changing feature for this coin. A coin that is doing this for stictly ecommerce is Particl(PART).
Their current mcap is 53mm / Digibyte current mcap: 161mm / Verge current mcap: 45mm / Espers current mcap: 5 million Another feature that will most likely impact the price due to the news is the release of masternodes. The current amount of espers needed for a masternode is 25 million, but a fixed amount is not yet determined. It may end up becoming 15-25 million is what I have been hearing. Where have I been hearing this you might ask?
Well that's my next point. Community Ah I remember it like it was yesterday, reading the digibyte telegram chat. It was small, but there were always a few enthusiastic individuals there that had believed in the coin. Every time I'd check it was usually always the same people talking about digibyte and what it could offer. (shouts to Mozzy) What this did is that it motivated other people to talk, and I believe that this plays a big factor to pushing a coin over the hump.
Any coin is worthless until the market deems it to be worth of said value. People would spread FUD ( fear, uncertainty and doubt) in that telegram chat all the time. Side note: I think FUD could be a perfect buying opportunity as long as you make sure the claims are false. We all know what digibyte did. It went from 50 satoshi to 2500 satoshi in what was like a blink of an eye.
Of course it fell heavily, because of it's fake news pump. But that's not when you want to be buying these coins anyway. You do not want to buy these coins when everyone is screaming for $1 DGB or $1 XVG or $1 ESP. You want to slowly buy these coins when no one is talking about it and the information is scarce. Of course you take a risk on these coins like anything else, but what is the next best option?
(Getting pumped, would not buy at this moment) Nothing beats buying coins that have a lot of room to run in my opinion. Oh did I mention the devs actually talk to you? They do a Q & A every wednesday. I was impressed by the transparency and communication.
Developers that communicate will help to strengthen and grow the community. I think everyone can agree. The espers community feels similar to what digibyte felt like back them, you can see for yourself Price (TARGET) A few things to considered: I do think that a short term target for espers is 40 sats or where it's previous all time high was. Next in my book would be around 100 sats, I do think this is possible without a bittrex addition(Espers is only currently traded on NovaExchange and CoinExchange.
DO NOT BUY ON YOBIT! It is the old chain!) There is a lot of great news coming that I think will make the price move in the upward direction. Whitepaper, masternodes, mobile wallets, websites on the blockchain, an upgrade/fix to proof of stake, encrypted messaging, etc. These things alone should in my opinion push the price above 100 satoshi.
Add in the bittrex exchange to this equation and it could really pop similar to what XVG did which was over 200 satoshi. This screenshot should prove that I was at least aware of digibyte early on. At the time 1 million DGB was under just $2,000. Today that would be over $18,000. Selling at DGB all time high would be over $51,000.
Solid article. Interesting to see I'm not the only one that is thinking about this. What if you give somebody a lot of money, they are less likely to work hard, smart and fight for their secure future.
Starting a business is simply not easy. Companies have fight and go through the darkest times to get there. Starting of with a big bunch of money that most of this icos don't have simply doesn't help. Does anyone know about: Complete Coin analysis about the team, product, communication transparency, advisors and investment statistics.