After the big Crypto-Boom in 2017, the amount of ICO and Token Sales has surged exponentially. According to icotracker.net, there are literally thousands of ICO’s and Tokens out there. Knowing which ICO or Token to invest in could potentially be a huge headache for many uninformed investors. Understanding which ICO’s would potentially grow into sustainable companies and which ICO’s would be worth investing is crucial to the investor’s return on investment (ROI).
Many ICO investors neglect to see an ICO as an IPO. An ICO “Initial Coin Offering” and an IPO, “Initial Public Offering”, is similar in many ways. When a company goes public with an IPO, before you invest, you would research the company. You would look at the stakeholders (Founders), the company’s assets, its market share, growth potential and much more. It seems like most people forget that when looking at ICO’s, they are blinded by the whole “Get Rich Quick” trend, and thus they ignorantly invest in ICO-Traps.
ICO Investors should consider the following:
How capable is the team, who are they?
What is the ICO about?
How does the Ecosystem work?
How will the coin be utilized?
How would funds be distributed?
How are the tokens being allocated?
How in depth is the Roadmap?
How does the Referral or Bounty Program work?
How strong is the Community?
How secure is the system? (Internet Security)
Of course, there are more to look for in an ICO before even considering investing, but exploring these 10 points will most definitely protect you from most scrap ICO’s out there.
THE SPRINTX ECOSYSTEM
For you to have a full understanding of how the ecosystem works, you need to consider its three basic components. These are; SprintX, SwitchX and Fundación NOVA. Each of these components interact to benefit startups, companies and investors.
Let’s explore how each of these components addresses specific issues in the current Startup and Financial industry.
SprintX
According to the description provided in the whitepaper, SprintX is the ICO maker and smart contract generator. Its function is summarized below;
• To evaluate and analyze each application to know if the Startup can move to the next phase and be developed with the NOVA Foundation.
• To launch ICO for Startup after Incubation Process is completed.
• To provide Smart Contract, Advisory, Digital Strategy, and ICO Services for Startups
• To receive incoming applications from Startups
We’ll further discuss the SprintX platform later..
SwitchX
This is a crypto and fiat exchange which allows users convert their cryptocurrencies into fiat and vice versa. Not only is this available to the public, it can be quite useful to startups. SwitchX enables the automatic integration of new tokens to the exchange for trading. Furthermore, profits made from the exchange activities will be shared among investors and token owners.
TOKEN ALLOCATION
The total amount of token available is 2,600,000,000 SPTX. The largest percentage of the SPTX tokens, 33 percent, will be used for public sale. Next, 494,000,000 SPTX, which is 19 percent of the token will be reserved for M&A. Another 18 percent will be allocated for business development, while 15 percent goes to management.
Finally, the remaining 13 percent is divided among advisors, developers and bounty. A total of 260,000,000 SPTX goes to the advisers, 26,000,000 SPTX reserved for bounty and 52,000,000 SPTX for developers.
TOKEN SALE
The public sale of SprintX will be divided into two; the pre ICO and ICO. The Pre ICO, which started on March 19th and ends on April 10th 2018 will have a total of 186,550,000 SPTX for sale. The pre ICO sale comes with a 30 percent bonus.
However, at the ICO, 723,450,000 SPTX will be available for sale at the regular price. And this event begins on the 23rd of April till 23rd of June.
There are reward programs in place to make the ICO more attractive to investors. Apart from the 30 percent bonus that comes with the pre ICO, the SPTX token (being a security token), makes them entitled to a quarterly dividend from the exchange’s profit.
That means, every quarter, profit earned due to transactions made on SwitchX will be distributed to all token holders. But, the percentage due will depend on the amount of token held by the investors.
In addition to this, SPTX token holders will enjoy reward from the ten percent of the Tokens generated by the ICO that will be managed by the company. It is expected that this token will generate a greater volume within the exchange.
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