If you have been looking for a comprehensive StopTheFakes ICO Review, you have come to the right place!
In this article, I will explain everything you need to know on their ICO. I will also analyze whether or not this would be a good investment opportunity for you and me. If you have any questions/thoughts/comments, feel free to let me know below and I will be more than happy to answer you personally.
Name:Â StopTheFakes (STF)
Website:Â www.StopTheFakes.io
Type:Â Cryptocurrency Token.
Short Review:Â StopTheFakes has a unique idea on how to stop the counterfeits. This project is certainly trying to make the world a better place and I want to support that. STF also has a strong team and I believe they are going to deliver great results. I am going to invest in the StopTheFakes ICO myself also because they provide bonuses for early investors.
StopTheFakes is a decentralized service to securing your intellectual property. It will find counterfeits and infringement and stop them effectively. At the moment, numerous industries are suffering from counterfeits and entrepreneurs/producers are losing billions of dollars.
Let me just name a few industries that would benefit from StopTheFakes that fights against counterfeits:
Have you ever confronted fake or counterfeit products?
Counterfeits may seem innocent because they are usually cheaper than original products but they set a significant challenge for these industries. Entrepreneurs and companies are using millions of dollars for marketing their own brand. Then if somebody steals their brand, the company loses tons of money.
Some companies may even stop their operations because of the counterfeit. Therefore, StopTheFakes comes to solve a real need. Other great and extremely interesting ICOs that I have recently been following are LanceChain, Friendz and Bankera.
StopTheFakes works as an application that works with a mobile device and also with PC.
The application will works in the following way (I simplified the process so you will understand it more easily by reading my article):
You can already try on their website right away how the StopTheFakes application works.
Users of the StopTheFakes application will earn a pre-determined amount of STF tokens for submitting tasks. After reviewing more than 400 make money online opportunities, I have realized that millions of people worldwide are willing to accomplish this kind of tasks to earn little money.
StopTheFakes finished their pre-ICO successfully in January/February of 2018 and the ICO will be held in March. You can see the details in the picture below:
Early investors will still have a chance for 5-15% token bonuses. They may not sound like huge but let’s consider twice. Let’s say that you invest $2,000 in this ICO. 10% bonus would immediately make you $200 “free money”.
Many people don’t earn $200 even in a day or some people don’t earn it in a week and now they can get such bonuses just by investing early.
STF is a utility token. As I explained above, tokens will be used as a payment form in the platform.
One interesting to notice is that the hard cap of the StopTheFakes ICO is only $8,5 million. It means that there’s a great potential for growth when the token hits the exchanges.
StopTheFakes has an ambitious and a great roadmap on their website. Every single month new developments and steps to forward will come. It seems much better than many other cryptocurrency projects that have been pretty stagnant because of a “lazy” team.
Here are the coming steps of the project:
At the moment (March 2018), there are 21 members in the team (12 members + 9 advisors). Most of the team members are from Russia and Czech Republic but they have also advisors from Spain and the United States.
In my opinion, they have enough breadth for delivering the product and results that they are promising.
It’s always good to take a look at what other people are saying about specific cryptocurrency projects before you put lots of money in. That will save you lots of money. And not only save but it’ll also help you to earn more money when you know the trends.
Many people would have saved last year thousands of dollars just by checking out my review of BitConnect where I warned people from falling into that scam.
Now let me show some numbers of the StopTheFakes reviews that I have found:
The numbers look quite great, huh?
That’s a positive thing of course. I rather want to see this kind of numbers than 2-3 stars out of 5. There are also way too many scams in the ICO world but gladly StopTheFakes is not one of them.
On the other hand, when you are reading the reviews, you always need to take them with a little bit of a grain of salt. Many people who give those reviews have often invested in the specific cryptocurrency themselves. Of course, they give positive reviews because they want that the price will go up.
The other thing that you need to keep in mind that some reviews may be sponsored or the creators earn money from their affiliate links. For example, ICOBench earns money from anyone who visits their sites and participates any ICO through their link. So, they certainly have a financial incentive to promote all ICOs.
That being said, StopTheFakes reviews are better than other ones on average and people really believe in this project.
I am going to participate in the StopTheFakes ICO. I hope that I would have found this project earlier so I could have invested during their pre-ICO stage. However, even though I missed that change I can still participate in their real ICO and get bonuses up to 15%.
The hard cap is so small compared to a moderately high demand that I believe that the price will significantly rise when STF hits the exchanges. A great thing is also that the team doesn’t raise more funds than they really need. In my opinion, it’s a positive sign from the team.
Like as always, I want to remind that investing in StopTheFakes and any other cryptocurrency involves risks. You may make lots of money within a short period of time but that’s not guaranteed. I have seen many people who have also lost money with cryptocurrencies.
That’s why I always recommend you to be careful and not investing money that you would need in your everyday life. If you prefer more secure and guaranteed ways to make money online, I advise having a look at my #1 recommendation.
What do you think about StopTheFakes?
Will it be a game-changer?
Are you going to invest in their ICO?
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
If you are looking for a comprehensive LanceChain ICO review, you have come to the right place.
In this article, I am going to explain you the most important facts about the LanceChain project. This is not a sponsored review and I have just gathered the information because of my own interest towards the project.
Name:Â LanceChain (LANC)
Website:Â www.LanceChain.com
Launched:Â 2018
Type:Â Cryptocurrency Token. Freelance Work Platform.
Short Review:Â LanceChain is a freelance platform with 0% commissions. It takes advantage of the blockchain and the smart contract technology. Token holders will be able to use tokens on the platform (or sell them further with profits). I have participated in the LanceChain ICO for several reasons that I will explain in this review.
Before you go through my detailed and a comprehensive LanceChain ICO review, I want to give you an opportunity to take a look at my LanceChain video review on my YouTube channel.
LanceChain is building a freelance platform for project owners and freelancers with a 0% commission fee. This is one of the first blockchain-powered freelance platforms in the human history. If/when the project succeeds, the early investors will make huge profits here.
In this article, I am going through 7 points about this ICO:
If you have been following the freelance market recently, you have probably noticed it has been growing extremely fast. Services like Fiverr, HireWriters, Upwork and hundreds of other services have been growing their popularity year by year. More and more people are working remotely as freelancers.
The “digital nomad” movement has also been rising partly because of the rise of the freelancing and remote working. Thousands of people are traveling all over the world because they are able to make their living online. Project owners love to hire freelancers online for several reasons:
I am always looking for growing industries to invest because it doesn’t really make sense to go for the ones that would be slowly dying. Therefore, LanceChain is great because freelancing is becoming all the time more and more popular.
Here are some statistics of the freelancer industry (taken from the LanceChain whitepaper):
Currently one of the biggest freelance providers are Upwork and Fiverr. However, both of them charge big fees for being a middleman between a project owner and a freelancer.
Upwork takes 20% commissions. which is a pretty big amount in the long run. Take a look at the following example that LanceChain explains on their website.
Let me also show you the illustration of how the LanceChain platform will work:
If you have invested in other ICOs, you probably know that companies tend to provide bonuses and more tokens for early investors. This is wonderful for early investors because they earn “free money” and it’s also good for a company because they can show that many people have already contributed.
In the other words, it’s a win-win situation.
The following picture explains the bonuses that LanceChain ICO provides for early investors:
Those who invest during the kick-off week get a 42% bonus, in the pre-sale you can get a 36% bonus and during the first ICO round 18% bonus. In the Round 2 of ICO, there isn’t a bonus anymore.
Let’s say, for example, that you invest in LanceChain ICO during the round 1 and you get an 18% bonus. You invest for $1,000 and get $1,180 worth tokens. Then after a while, LanceChain hits exchanges with the same price that they were selling at the ICOs and you immediately have an 18% profit.
Normally earning 18% profit takes 2 years in the stock market on average. That explains how great ICO bonuses can be. ICOs don’t only provide great bonuses for early investors but can also provide huge capital gains. There are several cryptocurrencies that have made even 1,000x gains since their ICO.
Even though I don’t believe that the LanceChain would immediately make 1,000x gains, I believe it’ll still rise significantly from the initial price if the team just keeps on working diligently.
The following chart will explain the LanceChain token allocation.
As you can see in the cart, 40% of the collected funds (the biggest part) goes to the software development. 50% of the tokens are sold during the ICO for the public.
Only 10% is distributed to the founders, team members, and early contributors. In addition, they don’t get the tokens immediately. The team will get the tokens with a two years schedule. This means that the team is highly incentivized to raise the value of the LANC token.
Based on the LanceChain website, their team consists of 13 people who have a strong experience in the freelancing industry and a vast technical knowledge.
Most of the team members seem to be from Bulgaria. Based on my knowledge the freelancing industry is booming in Bulgaria and in the other countries of Eastern Europe (Ukraine, Romania, etc.).
Therefore, the location of this team is great when we are talking about the freelance industry.
13 persons in a team is already a good number and I believe it will keep on growing when the project moves forward.
LanceChain has already created a big community around the project. They have mostly put effort on building the Facebook page where they have at the moment around 28k followers when I’m writing this review.
The company also regularly updates the information for their email list, Telegram channel, and Twitter page. I have joined their Telegram discussion that has at the moment, 2,430 members. As you can see in the picture below, many new members are coming to the group.
When I joined a group a few days ago, there were only ~2k members and now it has grown almost 20% within a very short period of time. The awareness of LanceChain is clearly growing.
Even though LanceChain provides a great idea and their quality of work has been great so far, they haven’t built a platform yet. In the picture below, you can have a look at their roadmap:
LanceChain ICO is held in March 2018. The token is planned to list on exchanges in June. The LanceChain platform will happen within the fourth quarter of 2018.
The mobile app will be launched at the beginning of 2019. After that, 8the development will continue even further.
Q4 2018 will be certainly interesting for LanceChain token holders because the platform is launched. Usually, cryptocurrencies experience significant price changes when the product is finally launched.
I have invested in the LanceChain ICO because I believe it will provide good profits for early investors. I also received the bonus because I was investing early which is another great thing.
I have worked as a freelancer and I have hired freelancers. The industry is booming fast and I see that there is a great need for services like LanceChain. Their interesting model of 0% commission fees with a subscription-based membership feels great.
There is a great and growing need for platforms like LanceChain.
Personally, I have invested some money in the LanceChain ICO and I will follow this project with a great excitement. I believe it has a great possibility to provide big returns for early investors. In addition, I am always hiring freelancers so I would like to try their platform when it’ll be launched.
That being said, I always want to remind that investing in cryptocurrencies involves risks and you can also lose money. If you prefer guaranteed ways to make money online, I recommend taking a look at my #1 recommendation.
What do you think about LanceChain?
Is it worth buying or not?
How Much will the value be in the future?
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is IOStoken? Is IOStoken a Good Investment? How Much Should I Invest in IOStoken?
If you have any question about IOStoken, you have come to the right place. In this article, I will discuss all facts about IOStoken. I am sure you’ll find this article helpful and valuable. Enjoy!
Name: IOStoken
Launched: 2018
Type: Cryptocurrency
Short Review: IOS stands for Internet of Services. The Internet of Things (IoT) refers to a sizeable digital market made of physical appliances that have been connected to digital values like apps, data or contracts in an accessible form. The IOStoken is a blockchain with a target of enhancing scalability and high transaction throughput in a bid to improve the blockchain. IOStoken is promoting the Internet of Services, which is the future of IoT.
IOStoken provided huge returns for the early investors but some people have also lost tens of thousands of dollars with this cryptocurrency. Therefore, we advise you to be careful and only invest money that you are comfortable to lose.
If you prefer more guaranteed ways to make money online, go through our #1 recommendation.
IOS will be capable of supporting about 100,000 transactions for every second, which might make it overtake Ethereum and Bitcoin which are the leading implementations of the blockchain technology. The goal of IOStoken is to promote the Internet of Things market to make business and economy a lot easier by promoting secure and straightforward orders, transactions, data exchange, processing and so on.
The goal of IOStoken is to build a digital ecosystem based on the internet of services. The Ethereum blockchain will host the ecosystem in some decentralized platform developed for the purpose of trading digital goods and services. This way, people will be in a position to use IOStoken (IOST) for the purchase of services that they need. The purchasing will be done based on smart contracts that run on Ethereum blockchain.
By use of a particular amount of tokens that fit the price, the buyers in the community will be able to gain access to certain services within the time specified in the contract. The IOS platform will provide the users with a decentralized way of exchanging digital goods and online services, and allow developers to deploy large-scale dApps (Decentralized Applications) capable of supporting a high number of users.
The IOStoken project makes use of Efficient Distributed Sharding technology in order to improve the scalability of the network. It dynamically partitions the IOS network into subspaces via a stochastic and unbiased process. Such a business model allows for a high transaction throughput. In IOStoken, the consensus mechanism is based on Proof-of-Believability approach which does not need mining.
The believability of the network nodes of computed depending on their contributions as well as their previous behavior. When this aspect is combined with algorithmic randomness, the network participants shouldn’t have any issues whatsoever. The platform also features a transform feedback system, which will provide users with a way to rate the completed services.
Bitcoin relies on proof of work (PoW) algorithm for verification of transactions. This algorithm involves consumption of high amounts of electricity. Blockchains such as Ethereum are working on developing and implementing the proof of stake consensus algorithm that is faster and involves less consumption of electricity.
However, the proof of Believability consensus algorithm used in IOStoken takes this further in a bid to create a more intelligent blockchain. IOStoken can be seen to be an enterprise blockchain. It is geared towards supporting service-oriented goods and services that have a large customer base.
Despite the many advantages associated with IOStoken, it also has a number of challenges. IOStoken is a new project whose mainnet may go live in 2019. This has made it record a low liquidity outside the Chinese exchanges. However, this is expected to change once the mainnet goes live.
It is early to tell how liquid the token will be. Currently, there is no clear roadmap for the project, which makes us get worried. However, the benefits associated with the project outweigh the challenges. It has attracted investment interest from entities such as equoia, Nirvana Capital, and DFund.
Other than the three co-founders of IOStoken, the project has 12 employees and 4 advisors. The project was co-founded by the following three members:
Most of the team members have advanced degrees from world-leading universities such as University of Wisconsin, Princeton, John Hopkins University, the University of California-Berkley, Harvard, and Cornell.
The IOStoken team comprises members who are well-educated, competent and capable of executing a technically complex project roadmap. The IOStoken project has also attracted partners, mostly from the crypto-oriented companies. So far, IOStoken has partnered with sixteen companies including the following:
The IOS foundation is also looking for partnership in the area of IoT, sharing economy and smart devices. These connections will expand the IOS node ecosystem and this blockchain will keep on proliferating.
The IOStoken has established a strong community of cryptocurrency lovers. It is very active on Twitter and Telegram. However, IOStoken has a very small community on Reddit when you compare it to the other cryptocurrencies.
You can find IOStoken on the following social media platforms on which you can engage them:
No information had been released about IOStoken prior to its launch. The reason is that pre-sale of the token was made private and only the elite were given chance to purchase it. Despite this, investors from China, United States, and South Korea were not allowed to purchase it. The sale of the coin was made public on 16th January 2018, during which the coin was worth $0.02.
Within 8 days, the coin had shown a steady bullish trend which is an indication of the potential of the coin. The coin’s price rose to $0.096104 USD on January 25th, representing a price increase of 380% increase in one week. However, the price of the coin has gone down by a small percentage.
The question is, “Is the Coin Worth Buying?” I think Yes. Every investor is keen when investing his or her money in a business that is expected to bring profits. I think IOST is a coin that can bring you profits. After observing the current trend of the coin, it is very clear that the coin has much potential.
The coin recorded a 380% increase in price at a time when the prices of other coins were going down. In fact, IOST is the only coin that showed a bullish trend in January 2018, with the other cryptocurrencies showing a bearish trend after the hike in prices in December 2017. Considering that the coin has gained value during such a hard time, its value will increase further in 2018.
There is a total supply of 21 billion IOST with a market cap of $788,952,426. The Internet of Things technology is also gaining popularity on a daily basis. The price of IOST is not expected to fall in the short-term.
IOST has a value of 0.0332 USD per token at 2018-03-04. If you afford to buy IOST for 100 dollars today, you will get 3010.876 IOST. Based on my forecast, a long-term increase in the value of IOST is expected, may be up to 0.817 US Dollars by 2023-02-25.
For a 5-year investment, its revenue will be around +2358.7%. Your $100 investment may become $2458.7 in 2022.
Is this realistic prediction? Yes. Is this guaranteed? Not at all!
Anything can happen in the cryptocurrency market and I always recommend that you learn the essential skills before putting any money into cryptocurrencies.
I think So! The idea behind IOStoken is very great. The IOStoken is geared towards enhancing the internet of services, which marks the future of IoT. The IOStoken will benefit from the increasing popularity of IoT, and the value of its coin will increase. Although the price of IOST may decrease soon after the recent hike, it will gain momentum and go up again.
IOStoken has also introduced a new consensus algorithm, that is, proof of believability. Most cryptocurrencies rely on the proof of work consensus algorithm in which the network participants must go through mining, during which a lot of electricity is consumed. A high computing power is also needed for mining.
With the proof of believability, no mining is needed and the consumption of electricity will be reduced greatly. This is what cryptocurrency lovers have been waiting for, hence IOStoken is attracting a greater interest from all corners of the world. Don’t forget the great team behind the IOStoken project.
As always, we want to wrap up the article by reminding that investing in cryptocurrencies always involves risks. You can make big money but you can also lose lots of money. If you want to learn a PROVEN way to learn money online, we advise you to check out this step-by-step training. You can also get started by clicking the picture below.
What Do You Think About the Future of IOStoken?
Will its Price Go Up or Down?
Will you Invest in IOStoken?
I Will Be Happy To Hear Your Genuine Opinion About This Cryptocurrency!
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is Zclassic? Is Zclassic a Good Investment? What is the Best Time to Invest in Zclassic?
For above and any other question about Zclassic, you have come to the right place. In this article, I will help you understand Zclassic in depth so that you may know whether it is a good investment or not. Let’s start!
Name: Zclassic
Launched: 2016
Type: Cryptocurrency
Short Review: Zclassic is a cryptocurrency forked from Zcash to provide a higher degree of privacy. Zcash charges a 20% on all miner rewards, which is directly sent to Zcash developer fund. This has left cryptocurrency enthusiasts with a lot of questions about Zcash. Zclassic has removed this fee and miners earn their full reward for their contribution.
The value of Zclassic has recently crashed and investing it has proved to be extremely risky. If you prefer more secure and proven ways to make money online, I advise you to follow this step-by-step training.
Zclassic is a cryptocurrency that has removed the unfair mining reward cut and it is not intended for creating an artificial scarcity like Zcash. Zcash was designed and developed to solve some of the privacy issues associated with Bitcoin, but there are a number of issues associated with this cryptocurrency. Another famous privacy coin is called Monero.
One of these issues is that Zcash founders take 20% of the miners’ rewards, meaning that they have a direct control over 10% of the entire monetary supply. Also, Zcash has a slow system built into it, which makes it difficult and slow to mine the first 20,000 blocks. This has also led to a potentially inflated market price. Zclassic has removed all of these features.
Zclassic is a fork of Zcash, the privacy coin but with no “founder’s tax”. The founder tax was implemented as a way for the Zcash creators to make money from the Zcash transaction fees- not interesting! Zclassic is an open source cryptocurrency coin. After the introduction of Zcash, it was a bit hard for long-term investors to enter Zcash market at any time.
This led to hyperinflation and the prices were artificially raised to ridiculous heights. In the first trading day, there was a limit of about 11 Zcash coins for all miners, exchanges, and investors. This led to a disaster as some individuals had to pay over 300 BTC for a single Zcash coin. Today, a single Zcash coin trades at 0.075 BTC.
Zclassic has removed this uncertainty of hyperinflation by beginning at full 12.5 block rewards. In Zcalssic, there is also no need of creating artifificial scarcity as is the case with Zcash. This has led to the shaping of an appropriate economic model to create a realistic market. Investors have also gained confidence to participate in the market.
Zclassic employs a number of principles in a bid to provide anonymity and privacy to its users. The user has to take his secret key then destroy it to ensure the system is secure. Just like Bitcoin, Zclassic transactions are recorded then published on the blockchain. However, no information about the sender, receive or the amount is visible at any time.
This makes Zclassic one of the most secure cryptocurrencies in the world. This is achieved by use of the Snark cryptographic technique which other cryptocurrency developers have expressed a lot of interest in. Most people today are in need of financial privacy and anonymity. Since Zclassic provides its users with these, it is one of the most promising cryptocurrencies.
It is expected that a total of 21 million ZCL will be brought into circulation in the next few years, which clearly shows that the Zclassic development team is following a similar issuance model as Bitcoin. So far, about 3.246 million ZCL coins have been mines, meaning that both the Zclassic development team and the miners have a lot of work to do. The coin is doing very well in the market, but its value is still lower than that of Zcash itself.
The introduction of Zclassic provided the community with an equal chance of investing in the project. Zclassic provides a decentralized coin with no company or top-investors behind it. The coin has no slow start providing an equal opportunity to all investors. However, despite the benefits associated with the project, it faces a number of risks just like any other project.
There is news that Zclassic will be rebranding itself to Bitcoin private (BTCP). However, a lot is expected to be done other than simply changing the name. The underlying Zclassic protocol will have to be changed, meaning that Zclassic will go through a hard fork. However, the Zclassic tea had not foreseen the problems associated with this.
One of these problems is about the cryptopia exchange since they are suffering from withdrawal issues of Zclassic. Cryptopia is normally viewed as the last resort exchange in which coin developers can have their coins listed. This is why the Zclassic community wanted the issue sorted out.
Based on some sources: Currently, there is no development team working on Zclassic since the old team is focusing on BTCP. No team or developer has come forward to state that they are planning to keep Zclassic up to date.
Before BTCP was announced, the price of the ZCL coin was $2 or even less. It is believed that the price went up simply because people wanted to get BTCP and they had to buy ZCL in order to get the BTCP. This means that there are high that individuals who invested in ZCL only wanted the BTCP rather than ZCL. There is a risk in that the price of ZCL may only rise if the individuals announce another fork such as BTCP.
Zclassic has a team of active participants coding the source code behind Zclassic. However, the team has no marketing or sales staff which could have played a great role in spearheading the growth of the coin. Zclassic does not publish social profiles or bios of their team members, and this makes it harder to know the individuals behind the project.
Zclassic does not also update their blog on a regular basis, which has made it hard to tell their progress on the project.
You can find Zclassic on the following social media platforms.
In 2017, Zclassic attracted an average price of $1.7. By the end of 2017, when Bitcoin had surged up to $20,000, ZCL had reached as high as $93. By 7th January 2018, ZCL had reached $248 with a market cap of over $400 million. Thereafter, the price fluctuated to touch a low of $61 on February 6th when the rest of coins had plunged in price.
The coin has since then regained its strength. Currently, the coin is trading at about $173 with a market cap of about $375 million when we started writing this article.
However, when we finished this article, the price of Zclassic had dropped to less than $10. In the other words, the price of Zclassic completely crashed! Take a look at the chart below:
It is a bit hard to predict whether Zclassic is headed to the moon or whether it is about to crash even more. It has recently gone all the way from +$200 to less than $10 so we can safely say that Zclassic has a huge volatility and something strange is happening with this cryptocurrency.
I don’t think so! Given the market volatility of this coin, it is not safe to invest in it. I will urge you not to buy or trade Zclassic as an investment but purely speculation. However, it is possible for you to profit from an increase in the price of ZCL, and shorting the coin may make you profit from a market crash.
However, there is so much uncertainty in the market, and you can only make an educated guess about the direction of the price or the market mood. If you are not aware of the fundamentals, then you will almost be gambling.
We advise you to learn more about making money with cryptocurrencies here so you will avoid big losses.
If you want to maximize your online revenue (with or without) cryptocurrencies, we advise you to take a look at this step-by-step training. It has taken the founder of this website (Roope Kiuttu) from a complete newbie into a full-time online entrepreneur.
Let’s discuss in the comments below!
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is Reddcoin? Is it a Good Investment? What is the Best Time to Invest in Reddcoin?
If you have any question about Reddcoin, this is the best platform for you to get an accurate answer. In this article, I will give you insights on what you should consider before investing in Reddcoin. Enjoy!
Name: Reddcoin
Launch: 2014
Type: Cryptocurrency
Short Review: Reddcoin is a decentralized cryptocurrency developed solely to be used on social media platforms like Twitter, Facebook, YouTube, and Twitch. It was geared towards making sending and receiving money on social media platforms fast, easy and efficient. Suppose you are on Facebook and you enjoy reading a post, you can send some Reddcoin to the lucky user at no fee! This will encourage users to create good quality content on social media.
Like always, we remind you that investing in Reddcoin or any other cryptocurrency involves risks. If you want to learn a more secure and a proven way to make money, we advise you to follow this step-by-step training. Actually, it has helped me (Roope) also to make more money with cryptocurrencies so I can honestly recommend it.
Reddcoin was created from the need to create a cryptocurrency to be used on social networks. The technical details underlying Reddcoin are not complex as it relies on scrypt hashing algorithm which is still used in Litecoin. Reddocin also had a block time of 60 seconds which is similar to the other cryptocurrencies.
Reddcoin also has a high cap coin, with the total finally being 27.5 billion RDD. However, Reddcoin has released a new and updated algorithm known as POSV, that is totally unique and it is progressing well towards bringing in new features.
Reddcoin is a social currency that enriches people’s lives and makes it easy for people to use digital currency. It has achieved this by integrating a platform for digital currency with nearly all the major social media platforms in order to make the process of sending and receiving money easy, fun and rewarding to every participant.
Reddocin has the Proof of Stake Velocity (POSV) algorithm that encourages both activity (velocity) and ownership (Stake). The POSV algorithm helps in solving the problems users experience when using the PoW (Proof of Work) and POS (Proof of Stake) algorithms. It also eliminates the wasting of electricity in mining process.
The Reddcoin decentralized Tip platform provides the users with a way of sending and receiving digital currency on social networks to anyone despite their location in the world and support creators of content via micro-donations. Reddcoin Redd-ID refers to a unique service provided by the blockchain for a user to associate a username with some rich information such as public keys and social network identities.
Reddcoin broadcast gives businesses crowd-sourced and powerful marketing tools and reliable Reddcoin income to people based on how influential they are on social media. Reddcoin ReddWallet is a modern wallet providing a number of social features as a way of increasing the engagement amongst users. These features are also good for improving the security of the decentralized network.
In Reddcoin, you earn rewards from staking rather than from mining. At stake, you are expected to keep the wallet unlocked and have some RDD in the wallet. The wallet participates in validation of the network transactions, and this is how you earn rewards. The more the amount of RDD you have in your wallet, the more often that you stake. The integration of cryptocurrency with social media is expected to drive the awareness of cryptocurrencies across the world.
Most cryptocurrency lovers have been shocked by the low price of Reddcoin. Some individuals have taken advantage of this to buy and hold the amount of Reddcoin that they need. People have raised complaints about this low price of Reddcoin on the subreddit and the community. The popularity of Reddcoin has been rising without an increase in the market cap.
Semi-day traders or a few day traders have spotted traders with a huge amount of funds on Cryptsy and this is manipulation the price of Reddcoin. This has been caused by the low price of Reddcoin. By the use of a well-planned strategy, a smart trader may gain the control of a large portion of the Reddcoin market. This is risky to the other Reddcoin owners.
Most new members of the Reddcoin community are not investing their funds in Reddcoin. They just found themselves in the Reddcoin community after they were tipped, and their interest is only to tip or be tipped. These users will add value to Reddcoin, but not immediately. Their role is to only make the market attractive to those who need to invest in Reddcoin.
However, they don’t have an impact on the price of Reddcoin today, and they may lower the price of Reddcoin in case they sell the Reddcoin they were tipped.
Reddcoin has attracted some followers on social media platforms like Twitter etc. I think these are just random users who need to see Reddcoin grow. The number of subscribers on subreddit is always lower than that of other currencies. The rate at which the number of users increase is linear. This is uncommon as most cryptocurrencies have seen a spurt in terms of community growth.
The Reddcoin team is made up of many members of the community that are working together towards developing the coin. The current team consists of members from more than 6 time zones Europe, Asia, Australia, and North America.
Below is a list of Reddcoin team members:
Reddcoin is active on a number of social media platforms. You can visit their pages and contact them if you have any query. You can also participate and contribute to their forums. Reddcoin is available on the following social media platforms:
As you can see, Reddcoin is active on a number of social media platforms. This shows that the team is serious about the project. To show how committed they are in the project, they have a social media manager responsible for growing the social media community.
Personally, I have been observing Reddcoin for a long time and I have noticed that its price does not fluctuate much. It seems a bit hard to predict how Reddcoin will do in the market. However, the idea and technology behind Reddcoin is very great. However, for the value of Reddcoin to rise, we have to see a wide adoption of the cryptocurrency.
I think this will happen. Some social media platforms have tried to develop a cryptocurrency for tipping but they have failed. A good example is Facebook. However, Reddcoin has a number of features that may make it survive the market. It is not targeted to only one social media platform, but to a number of social media platforms.
Also, Reddcoin uses the Proof of Stake (PoS) algorithm. With this algorithm, no mining is needed, hence the consumption of electricity is low, and no power computing power is needed. This can lead to a widespread adoption of this coin.
More so, everyone is on a social media platform. Most individuals are not active on only one social media platform, but on a number of them. I think will orchestrate a widespread adoption of this coin.
From my own analysis, I think Reddcoin is the coin to watch and it is Worth Buying!
The price of Reddcoin exploded recently. It rose from 0.002$ to above 0.20$ in one week, showing an 800% gain. The coin now trade at about 0.010$ after correction of the price. It is very easy for the price of this coin to explode again, recording a huge gain in value. However, this price will go down again after the explosion.
In long-term, I think the price of Reddcoin will increase to reach 0.25$ or even higher, but it will maintain that level for a long time. After that, the price will be fluctuating within a small range.
There are several options where you can buy Reddcoin. You can find a full list of exchanges on CoinMarketCap but our recommended exchanges for buying Reddcoin are Bittrex and Cryptopia.
Reddcoin isn’t yet available in the biggest exchanges like Binance or Coinbase.
Personally, I think Reddcoin is a good investment. The value of the coin is expected to rise. After this, the price will fluctuate within a small rage. If you place a trade, it will be possible for you to earn profits on a regular basis. It is hard to get a cryptocurrency from which you can earn profits regularly, making Reddcoin a good investment.
It is expected that there will be a widespread adoption of Reddcoin. This would increase the price of Reddcoin further.
But as always, we advise you to learn the skills before investing lots of money into cryptocurrencies. Many people have lost tons of money because they didn’t educate themselves before investing. Basically, they are just throwing money away to more skillful investors.
Even though you would have learned the skills, any investing includes risks. You can lose money by investing in cryptocurrencies, the stock market, real estate or anywhere. If you are looking for guaranteed ways to earn money online, we recommend taking a look at the step-by-step training below.
What Are Your Thoughts About Reddcoin?
Do You Think It’s a Good Investment?
What Can You Say About Its Future Price?
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is OmiseGo? How Does It Work? Is OmiseGo a Good Investment?
If you have any question about OmiseGo, you have come to the right platform. In this article, I will be discussing OmiseGo in details. I will also give my insights about its future. You will know whether it is wise to invest in OmiseGo or not. Enjoy!
Name: OmiseGo
Launched: 2017
Type: Cryptocurrency
Short Review: OmiseGo is a payment platform built on Ethereum platform with the vision of becoming the number one peer-to-peer platform for an exchange of cryptocurrencies. It is more than an altcoin as it is designed to be a financial platform to disrupt the current financial institutions and methodologies. The goal of OmiseGo is to provide cryptocurrency users with an alternative to online exchanges.
Even though the market cap of OmiseGo is already measured in billions, there are always risks when investing in cryptocurrencies. You need to learn to manage risks to make more money in the long run. Another option is to build multiple income streams online so you are not only relying on cryptocurrencies.
OmiseGo is a company based in southeast-Asia working to come up with an e-wallet (electronic wallet) that will allow its users to transfer both cryptocurrencies and digital assets. The company is using Ethereum-based financial technology to develop a peer-to-peer value exchange platform that will enable the mainstream use of digital assets across organizations and past border jurisdictions.
With OmiseGo, you will be able to exchange between Bitcoin, or fiat currency, or your airline voucher or shopping and use them for making day to day purchases like groceries and other daily appliances. This will be of great importance to individuals who make cross-border payments paying huge fees and having to use uncoordinated payment systems.
The current exchanges have a problem in that for one to buy a cryptocurrency such as Bitcoin, they must begin with a fiat currency such as US dollar. The current exchanges also provide users with very few features, especially when one needs to convert from one cryptocurrency to another. OmiseGo is geared towards changing this.
OmiseGo will change the way cryptocurrencies are bought and sold on exchanges. It connects the currently existing cryptocurrency wallets to the central OmiseGo blockchain, over which the users will be in a position to exchange cryptocurrencies much easily and quickly. The exchanges of today provide centralized operations.
The databases in which all transactions are done on the exchange are kept on a server owned by the exchange. This also includes data about the users which include an identification such as driving license or passport. OmiseGo offers the same features but it has decentralized operations and kept them on the blockchain. OmiseGo coins are abbreviated as OMG.
With this kind of storage, data is made secure since there is no single point that a hacker can access and tamper with such as the available funds for an individual. For a hacker to succeed, he must convince each and every user on the blockchain, making it hard for any hacking activity on the network to succeed. Most exchanges nowadays permit users to change from cryptocurrency to fiat currency and vice versa.
However, for such an exchange to be done, a number of restrictions are involved which makes the users spend a lot of money. For one to convert from Bitcoin to Ether, they must first find an exchange that trades both Bitcoin and Ether. Next, he or she should send the bitcoins from their wallet to the exchange. The bitcoins should then be converted to a fiat currency such as USD, then the USD is converted into ETH.
This way, the user will pay a huge amount of fees. A fee is encountered when selling bitcoins and when buying ETH. OmiseGo is currency agnostic hence it circumvents this. It does not matter whether you need to convert ETH to USD, or ETH to BTC. Both the process and the fee remains the same whereby the conversion in only one direction at a tiny fee.
OmiseGo is working to provide those in Asia, mostly Southeast Asia with a more efficient digital payments offering and a greater financial inclusion. 73% of Asian population does not have access to traditional banking. However, Ethereum will provide a mobile wallet to its users. Banks are few and located far apart, but nearly everybody a phone.
There are various services that users can use to load money to their e-wallet. The only problem with this is that for the user to be able to spend the money in their e-wallet, the merchant should be able of supporting the e-wallet. This may not be ideal for businesses or consumers.
Transacting across different payment service providers may be cumbersome, example, sending money from WeChat to Alipay. A number of entities are ready and willing to provide the e-wallet services, and this requires coordination between a number of participants. This may bring in some bureaucracy.
OmiseGo will require its users to have an e-wallet, that is, an electronic wallet. This is not as secure as a hardware wallet. There are a number of threats that face e-wallets especially hackers. For security purposes, users will only have to keep a few coins in their e-wallets.
OmiseGo is facing similar challenges that other digital wallet providers provide. Most people in the world still prefer cash more than cryptocurrencies. It is much easy to acquire and use cash, making it hard and an inconvenience to introduce a new practice.
However, with time, cryptocurrencies are expected to become more prevalent and OmiseGo would be able to unleash its full potential.
The OmiseGo team is led by Jun Hasegawa as the director. He formerly worked with Donnie Harinsut as the chief operating officer. Joseph Poon is the main creator of OmiseGo.
The consulting team of OmiseGo includes Vitalik Buterin, who is the founder of Ethereum. In fact, he has stated that OmiseGo is a project with much potential, which makes many people love the idea behind it. The following are the members of the OmiseGo team:
The OmiseGo Team also features advisors with a good background in the cryptocurrency industry. However, the following are the 3 most notable OmiseGo advisers:
When you read the list of their advisors, you see that there are really huge names. Vitalik Buterin and Roger Ver are without a doubt among the most influential persons in the whole cryptocurrency world. Their backing for OmiseGo brings of course lots of more trust to this project.
OmiseGo has tried to maintain their presence on a number of social media platforms. They are active on the following social media platforms:
If you want to engage them or contribute to some of the discussions about OmiseGo, feel free to join their blog or you can also chat directly with them. In the other words, there are numerous ways to connect with OmiseGo founders and community.
If you are looking for a cryptocurrency to invest in, I think OmiseGo is a good choice for you. The OmiseGo network will generate a huge number of transactions per unit time. All of these transactions will generate some fees which will distribute to all OMG holders.
The more OMG coins that you hold, the more of these that you will get. This is a good way of getting a passive income. OmiseGo has also partnered with a lot of banks. The OmiseGo SDK (software development kit) can also be used by any company for generation of a financial application.
These applications will generate a lot of costs when running on the OmiseGo network. However, before buying the coin, note that cryptocurrencies are very volatile in terms of price, hence it is possible for you to lose. Currently, OMG is worth about 20 USD with a market cap of $ 2.9 billion. This is expected to change positively.
You can buy OmiseGO easily on Binance. Read my tutorials here or watch my video below:
When OmiseGo was first launched in 2017, it was worth $0.52. Now in 2018, its price has been even over $20 USD. This is a huge increase in price. By the end of 2018, the price of OMG may reach even $100. This means if you invest $1,000 in OMG today and this prediction becomes true, your investment will become $10,000 within that short duration.
But you
I think so! OmiseGo has shown a great increase in price in less than a year, and this is expected to increase. The idea behind OmiseGo as well as the technology underlying it are great. It has also received support from serious and experienced individuals in the cryptocurrency industry like Vitalik Buterin.
OmiseGo is certainly one of the interesting cryptocurrency projects to follow. But before investing, I highly recommend that you do your own research (go to their website, whitepaper, community chats, ask questions from the team, etc.). This will make you more money with cryptocurrency investing over the time course.
We also recommend that you don’t put all of your eggs in one basket. The price of OmiseGo has dropped from $24 to $12 within a short period of time so anything can happen. If you invested $10,000 while the price was up, you would have now only $5,000. That’s why we prefer long-term investing strategy because short-term investing is riskier.
If you want to learn to make more money online, I recommend taking this step-by-step training (you can also get started by clicking the picture below). It has helped me (Roope) to make more money with and even without cryptocurrencies. I would be happy to help you as well.
What Do You Think About OmiseGo?
Do You Think The Price of OMG will Increase Further?
Will You Invest In OmiseGo?
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is Ethereum Classic? How Does It Work? Is Ethereum Classic a Good Investment?
If you have any question about Ethereum Classic, you have come to the right place! In this article, I will be discussing Ethereum Classic in detail. I will explore the potential of Ethereum Classic as well as the risks it faces.
Name: Ethereum Classic (ETC)
Launched: 2017
Type: Cryptocurrency
Short Review: Ethereum Classic is a decentralized platform that allows users to run smart contracts. Smart contracts are applications that run as programmed by users without the possibility of a fraud, downtime, censorship or third-party interference. The platform is fueled by a token known as classic ether which can be transferred between participants and stored in a cryptocurrency wallet.
Investing in Ethereum Classic or any other cryptocurrency involves risks that you need to learn to manage. If you prefer more secure and guaranteed ways of making money online, I recommend taking a look at our #1 recommendation.
Ethereum Classic is not a new cryptocurrency but simply a split from an existing cryptocurrency, Ethereum. Ethereum Classic was split from Ethereum after the occurrence of a hard-fork. The Ethereum Classic still provides its users with Ethereum features, including creation and deployment of smart contracts and decentralized applications, and it has similar specifications like average block time, size, and reward.
The Ethereum platform works based on the concept of smart contracts, which are automated contracts enforcing and facilitating the terms of the contract itself. The DAO (Decentralized Autonomous Organization) was a complex smart contract that was geared towards revolutionizing the Ethereum platform forever.
It was a decentralized venture capital fund that was to fund all the future DAPPS (Decentralized Applications) made in the ecosystem. For you to have a say on the direction that DAPPS would get funded, you had to buy DAO token for a particular amount of ether. Possession of DAO token was an indication that you officially belong to the DAO system. 28 days after the formation of DAO, it accumulated ether worth over $150 in a crowdsale.
There was a condition in the contract, once you split off from the DAO, you had to hold your ether for 28 days before being allowed to spend them. However, most people saw this as a loophole that could be exploited by hackers.
The DAO team failed to take action to close this loophole which was later exploited by hackers that led to the loss of about $50 million dollars on 17th June 2016. This attack orchestrated the split of Ethereum into 1.Ethereum and 2.Ethereum Classic.
The Ethereum supporters argued that the Ethereum code should be modified and the stolen coins refunded, while the Ethereum Classic supporters argued that “code is law” and whatever happened has happened. The Ethereum Classic (ETC) maintained the original Ethereum code while the Ethereum (ETH) forked the code so as to create a new Ethereum.
This led to the presence of two competing cryptocurrencies but with different exchange rates. Today, the price of ETH is a bit higher and has been made much available to the cryptocurrency community, making it more accessible.
The Ethereum Classic stays true to the immutability philosophy of blockchain. You can write smart contracts on the platform on your own and no one will be able to change them. The code for the smart contract can be made available across the Ethereum Classic blockchain network.
Ethereum Classic provides its users with a “Turing Complete” virtual machine distributed on the blockchain network, and it comes with an in-built programming language capability. The developers are provided with a platform on which they can write code or develop applications that can solve any computational problem through mining process.
There is a need to promote the efficient allocation of the available resources to the nodes and ensure that the network is safe from spammers. Ethereum classic achieves this by use of an internal pricing mechanism known as Gas. The Gas system is responsible for rewarding all the mining activities done by miners on the network.
Ethereum Classic acts like a supercomputer on the blockchain, enabling the distribution of processing power required for running smart contracts and applications on the network. The developers and other participants on the network are paid for the effort in developing and launching of the smart contracts as well as other computational activities.
The miners on the Ethereum Classic network are paid in classic ether token (ETC). The ETC can be traded on the major cryptocurrency exchanges. The ETC can be stored on cryptocurrency wallets, and it can be transferred from one holder to another, and it is used for paying members for the computation work they offer on the platform.
The major problem facing Ethereum Classic is that it faces a direct competition from Ethereum. The ETC lacks backward compatibility with ETH. All Ethereum community heavyweights have moved to the new chain, that is, Ethereum, meaning that anybody who is part of ETC will not be in a position to access any updates done by ETH.
ETH is moving from POW (Proof of Work) algorithm to POS (Proof of Stake) algorithm. ETC will not enjoy this benefit since its software doesn’t allow any updates. According to most cryptocurrency lovers, ETC is seen as an attack on Ethereum itself. This is because, after the split of Ethereum into ETH and ETC, those against ETH supported ETC in an effort to disrupt the Ethereum community.
After the DAO attack, some people stepped up to support Ethereum Classic but none of them has become famous. With time, the ETC Development team has grown to feature a team of engineers and professionals in software development who are committed full-time to the success of this project. The ETC team is led by the following members:
The ETC team also comprises a handful of advisors who include the following:
The ETC team is expected to grow further. It already has a breadth it will help them to move forward.
Ethereum classic is an open source platform and it is active on a number of social media platforms on which you can participate and contribute. Ethereum Classic discussions are done on Slack, Reddit, Facebook, Twitter, and Telegram. Here is some information on social media platforms that they are using:
There are two major holders of ETC who would push the price of the token down in case they release their tokens into the market. The Ethereum Foundation is still holding 10 percent of the ETC they received after the hard fork happened on the Ethereum blockchain. The DAO hacker is also holding about 3.36 million Ethereum classic, and this amounts to about 3.65 percent of the total ETC in circulation.
If any of the above parties sell their tokens, the price of ETC will be pushed down further. Also, the ETC blockchain is not used for development of serious applications. It is also not used for creating smart contract solutions that can be used in commercial industries.
However, should ETC developers choose to develop industry-relevant smart contracts and applications, then ETC will become a good investment option. If this happens, I will also invest in it. However, I think it is a very promising cryptocurrency that may take ETH in the future.
The Ethereum Classic Was started in July 2017 with a low price of $2.2 USD. Â Since then, the price has to show a positive growth. Currently, the price of ETC fluctuates while marinating a limited range of between $28 USD and $35 USD. This has made it grab the attention of investors.
In October 2017, the ETC blockchain experienced a problem, which contributed to a drop in its price. However, after solving this problem, ETC is giving a tough competition to Lisk and ICON.
Some people expect that the price of ETC might go up to reach 100 USD by the end of 2018. However, the value of ETC will be determined by its relative price compared to that of other cryptocurrencies such as ETH.
Personally, I think NO! I chose to invest in ETH rather than in ETC. I think for ETC to become a good investment opportunity for cryptocurrency enthusiasts, its development team must spearhead the development of industry-relevant smart contracts and applications.
Note by Roope:
I agree with Nicholas. I have also invested in ETH rather than Ethereum Classic. I believe that the price of Ethereum will keep on moving up in the future. So many new cryptocurrency tokens are built on the Ethereum platform that it has already a huge value and it just keeps on growing.
That being said, this is not a financial advice and you need to know that you can win or lose money with cryptocurrency investments.
For those of you who prefer guaranteed ways to make money online, I recommend starting the following step-by-step training that has taken me from a complete beginner into a full-time online entrepreneur:
What Do You Think about ETC?
Is It a Good Investment?
Will you Invest in ETC?
(Disclaimer: This article is not a financial advice. It only represents my personal opinions and thoughts on Ethereum Classic.)
Is BitClub Network a Scam? Is BitClub Network a Ponzi Scheme? How does BitClub Network work?
Recently, thousands of people have been asking these questions online. Therefore, I decided to write this comprehensive BitClub Network review to answer your questions and warn you about this “opportunity”.
I also created you a video to answer all your questions in a comprehensive manner.
Name:Â BitClub Network (BCN)
Founded:Â 2014
Price to Get Started:Â $99/Month + Other Fees Up to $1,000’s
Short Review:Â BitClub Network seems to be a Ponzi scheme. There are too many red flags that I predict it will fall at some point. I highly recommend avoiding this kind of suspicious system.
If you are looking for a proven and an honest way to make money online, I recommend taking a look at this step-by-step training.
BitClub Network is an “opportunity” that promises you earnings by investing in their crypto mining farm. They say that you can make money by investing in their equipment in a cloud mining style.
As I explained in my article, “Is Cryptocurrency mining still profitable in 2018?” there are several cloud mining pools where you can earn money. Cloud mining means that you earn money by investing in a huge mining company. They raise money from investors so they can buy more equipment.
However, BitClub Network doesn’t work like a typical cloud mining company. They have a high monthly membership fee and other fees. You can make the biggest money in the system by inviting other people to your downline.
The definition of a pyramid scheme is:
A dishonest business scheme in people pay to join, and profit from payments made by subsequent recruits.
Usually, pyramid schemes disguise themselves by having some product that in reality doesn’t play a huge role in the system. The main way to make more money in pyramid schemes is by recruiting more and more people to your downline.
Payments for old members are paid by the fees that are collected from new members. In the other words, when you move higher in the pyramid, you earn more because of people in your downline pay money to you. In an honest business the product itself pays a bigger role but with pyramid schemes recruiting is the main way to earn money.
Many pyramid schemes call themselves “investment clubs” promising high returns on your investments. Old members and those who joined early will actually make big money but eventually, the system collapses when new investors stop coming to the scheme.
Now that you know more or less what is a pyramid scheme, I would like you to evaluate BitClub Network
One typical characteristic of Ponzi schemes is that the founders don’t like to show their faces, names or the identity. Do you remember, for example, a famous Ponzi scheme from the cryptocurrency world called BitConnect?
Nobody in the public really knows who were behind that Ponzi scheme because they were hiding. The same thing happens with the BitClub Network. At least, the founders don’t show themselves but further in the text, I’ll reveal you what the research has shown about the founders.
Ponzi scheme founders and leaders don’t want to show their faces because they want to hide. They don’t want to go to jail again and they don’t want to ruin their reputation because of what they are doing.
Before buying something online, I often recommend reading a few reviews on what other people are saying about it. Especially, if you are buying for a “get-rich-quick” money-making opportunity.
One of the most common signs of a scam is that there are tons of negative reviews from reliable online entrepreneurs. For example, pretty much every reliable online entrepreneur with a good reputation was saying that BitConnect was a Ponzi scheme.
Only people who had a shady background were promoting it. And now the same is happening with BitClub Network.
Chiara is a somewhat popular Internet marketer and she’s especially famous for promoting Ponzi schemes and scams. 90% of her YouTube videos have been scam promotions so far. Recently, I created a YouTube video exposing Chiara Francica and her “businesses”. Take a look at it below:
She has been involved with programs like MOBE, Digital Altitude, and BitConnect. As you probably know, BitConnect was the biggest Ponzi scheme in the cryptocurrency world that felt down at the beginning of 2018.
Digital Altitude was a pyramid scheme disguised as a digital marketing training. FTC (Federal Trade Commissions) claimed that DA has made consumer injury more than $14,000,000.
MOBE is still running but it’s running exactly similar “business model” like Digital Altitude so I think it’s only a question of a time when it will fall down.
There’s one thing that I’ve learned so far. Wherever Chiara Francica is involved, it’s usually a scam, Ponzi or a pyramid scheme.
Chiara also says about the BitClub Network, “I have made most of my earnings come from referral commissions in BitClub Network.” It means that she doesn’t earn much money for referral commissions but mostly earns money by inviting more people to her downline.
That’s a typical pyramid scheme works. There’s usually something that looks like a product (in this case cryptocurrency mining) but it’s really just a bait to invite people into a pyramid scheme.
BitClub Network is completely different from a classical cloud mining. They have “ranking systems” based on your earnings and other factors. You will go up in the ladder based on your results in the system. These are their levels:
This is again another classical characteristic of a pyramid scheme. You try to climb up on the ladder and get as many people as possible to your downline.
One person who tried BitClub Network for a while made a research about the founders and he shared his results publicly.
He said that one of the main leaders of the system is a man called Russ Medlin who is a known sex-offender. Actually, the whole team of leaders was an international gang of criminals based on his research
Russ Medlin states that, “Everyone is under my downline in BitClub network.”
The writer on Steemit listed a few other reasons why he strongly believes that Russ Medlin would be a founder of BitClub Network. If Medlin really is a founder of BCN, would you like to part of a company that’s run by a well-known rapist/criminal?
Let’s try a duck test here.
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
If it looks like a Ponzi scheme, works like a Ponzi scheme… Then it probably is a Ponzi scheme.
Usually, it’s not possible to say with 100% sureness whether a system is a Ponzi scheme before it collapses. However, I have always been right when spotting Ponzi schemes. Recently, for example, BitConnect and Digital Altitude collapse a few months after I was warning people from not joining them.
I recommend joining away from BitClub Network or anything that looks very suspicious. There are many legitimate and honest ways to make money online so you don’t need to waste your valuable time with systems like BitClub Network.
In addition, the law in many countries says that even promoters of a pyramid scheme can be held liable for their actions. If you start promoting BitClub Network and it collapses at some point, you may be in a great trouble.
If you want to learn a proven way to earn money online, I recommend taking a look at this step-by-step training. You can also get started by clicking the picture below. More than 1,300,000 people worldwide have taken that training and many of them have become financially independent.
It’s not a get-rich-quick scheme like BitClub Network but it’s a real training that helps you to make a sustainable income online.
What do you think about BitClub Network?
Do you think BitClub Network is a Ponzi scheme or a legitimate opportunity? Why?
If you have any questions about making with cryptocurrencies or about making money online in general, don’t hesitate to ask me below and I’ll be more than happy to help you out.
Lisk is one of the blockchain projects I believe will provide an excellent investment vehicle for cryptocurrency enthusiasts. It was first released on May 24, 2016 and made available for trading on the major exchanges. Lisk immediately became the second most traded cryptocurrency after Bitcoin.
Do you want to venture into Lisk investment? In this article, I will answer some of the following questions, “What is Lisk and How Does It Work? Is Lisk worth Buying? Is Lisk a Good Investment? If you have any other question about Lisk, feel free to post it in the comments section below and we will get back to you with an accurate answer.
Check out Roope’s video review of Lisk below:
Name: Lisk
Launched: 2016
Type:Â Cryptocurrency
Short Review:Â Lisk is expected to be the first modular cryptocurrency. I have personally invested in Lisk and I have earned good profits. Blockchain developers have always found it hard to speed up development of decentralized applications and understand codebases underlying the applications. Lisk has turned this around. Some people say that it is now easier for you to build a decentralized application (Dapp) than ever before.
That being said, investing in Lisk (or any other cryptocurrency) involves risk. If you prefer proven and guaranteed ways to make money online, I recommend taking a look at here.
Ethereum is written in Solidity while Bitcoin in C++. This has left developers confused about the kind of language to focus on. Lisk developers, Max Kordek and Oliver Beddows went through these challenges and decided to make the blockchain more accessible. The web itself and popular apps such as Uber run on JavaScript. Lisk was developed in JavaScript, opening the platform to the many experienced JavaScript programmers across the world.
Lisk provides its users with a platform for development and distribution of JavaScript based blockchain applications. The users are provided with an easy to use interface and a fully featured ecosystem.
With Lisk, developers are able to build, distribute, publish and monetize their apps on a system powered by cryptocurrency and allowing for use of customized smart contracts, blockchains and loud storage.
For any cryptocurrency to survive in the competitive market, it must introduce something new, and Lisk, a cryptocurrency developed in JavaScript is not different. JavaScript can be found everywhere on the web and it is accessible to many developers. It is the most popular coding language worldwide that was written in just 10 days.
By using JavaScript, the Lisk team has made the blockchain accessible. More use translates to more developers, and more developers translates to more value.
Ethereum uses Solidity and developers are required to learn a new coding language whose focus is on smart contracts. In Lisk, there are sidechains, a complete SDK (Software Development Kit) and an independent blockchain system in one system and these are all used by developers for development of polished Dapps. The sidechains are connected to the mainchain without affecting its performance in any way.
Cryptocurrencies such as Ethereum and Bitcoin face the problem of scalability. Since Lisk has a sidechain for each application developed on it, it provides scalability with less bloat. Since the applications are developed on the sidechains, in case something goes wrong in the blockchain of another application, the Lisk blockchain won’t be affected hence a hardfork will not occur. Sidechains also bring in improved security and a faster development of applications.
Lisk is also an open source platform. Currently, the project has 29 contributors in active participation, and actual developers have ranked it as the one of the best and most promising cryptocurrencies of the world. Imagine creating a decentralized application from scratch with JavaScript, a simple and easy-to-learn coding language that you are familiar with.
In Lisk, you can customize the sidechains and even implement a different security algorithm, something other cryptocurrencies do not provide. This provides you with a way of implementing an additional security layer to your application in addition to what is provided by the Lisk mainchain.
Lisk has partnered with Microsoft Azure, meaning that developers from all over the world will be able to develop, deploy and test Lisk applications via the Microsoft’s Azure platform. However, it is feared that more blockchains offering similar functionalities are to be developed and the price of Lisk will drop slightly.
Ethereum provides its developers with a feature known as smart contracts unlike Lisk, and this is gaining demand in the finance industry. This is why Ethereum is offering a direct competition to Lisk, inhibiting its adoption to a degree. For you to venture into Lisk investment, you should have a background in programming, which is preventing investors from investing into this cryptocurrency.
Lisk performance in developer participation is good, but it has a poor liquidity, with a low trading volume on exchanges, meaning there is a need for it to build a large community base around itself and generate more discussion on social media just like other popular cryptocurrencies such as Bitcoin and Ether.
The main advantage with Lisk is that each application runs on its own blockchain, that is, the sidechains, which improves it scalability over Ethereum. Lisk is expected to be the next investment in the long run when majority of start-ups adopt it for building new apps.
Lisk started in 2014 after Max Kordek and Oliver Beddows forked Crypti, which is an open-source blockchain application platform. It immediately became successful at community level, but it still needed more firepower for it to reach the visions of the developer. It was forked into Lisk in May 2016.
The Lisk technology has impacted the community worldwide. Their presence in Asia is now growing, and they have developed strong local communities in Korean, Chinese, Japanese and Indian markets. Jan is the community manager for Lisk and he plays a great role in setting the community goals for Lisk. The LiskHQ Twitter has also increased its following considerably and they are looking for you to join the community if you are talented.
Do you want to become a Lisk ambassador in your country? Become one to spread Lisk awareness in your country and you will be paid 2500 LSK per month. This is a good way of earning this cryptocurrency. Lisk has now build a strong community and expanded their team, together with their marketing efforts.
The future of Lisk in terms of performance will be determined by success of the Lisk network as well as the adoption of the technology by programmers, developers and start-ups. You cannot use Lisk to buy goods and services. This means that there are no merchants who are expected to accept Lisk as a means of payment unlike what we have in cryptocurrencies like Bitcoin. Investor interest and adoption will drive the success of Lisk.
If you don’t like venturing into speculative and risk investments and you are you are familiar with cryptocurrency markets, investing a small amount of money in Lisk could turn out to be profitable.
Lisk uses JavaScript, a programming language popular with tech giants like Google and Microsoft, and there are high chances of its developer base increasing as many people adopt it for development of decentralized applications.
There is a great potential that you will reap after investing in Lisk. Lisk is a promising platform as more and more cryptocurrency lovers are expected to join the network for development of decentralized applications. The Lisk team is also spreading news about their product to all parts of the world through product ambassadors. Due to this, the Lisk network is expected to grow, making Lisk a good investment opportunity that you don’t have to miss.
You can buy Lisk easily on the Binance crypto exchange. It’s the biggest and probably the most trusted cryptocurrency exchange in the world.
Here is my comprehensive Binance review where I also show step-by-step instructions on buying cryptocurrencies like Lisk there.
Lisk is one of the examples of how the price of a cryptocurrency can evolve quickly. The market has witnessed the price of Lisk rise from US$2.5 to within a span of three months. Lisk now has a high demand compared to the other major altcoins.
In the near future, the price of Lisk is expected to drop, but note that cryptocurrency is not a rational market and unexpected things have happened.
There are a number of exchanges selling Lisk, but Binance is the best and the biggest exchange for buying Lisk. They will also provide you with the best exchange rate compared to the other exchanges.
If you need an instant cryptocurrency, go to Shapeshift and buy Lisk from there. They require you to create a wallet once you have bought Bitcoins or Ether.
Yes, in my opinion, Lisk is a good investment opportunity. If you buy Lisk when the price drops, hold and sell it when the price goes up, you may earn good profits with this one. Many start-ups are expected to adopt Lisk for development of new apps. This will expand the Lisk community and you may benefit from this.
Note by Roope:
On the other hand, investing in Lisk involves risks. As we saw in the chart above, the price dropped more than 35% while we were writing this article. If you would have invested $10,000, you would have lost more than $3,500. On the short term anything can happen so that’s why I like investing in coins for the long term.
I highly recommend that you take my step-by-step cryptocurrency course if you want to maximize your profits and minimize your risks.
If you don’t like risks, I just highly recommend that you take a look at my #1 recommendation for making money online by clicking the picture below:
What is your opinion about the future of Lisk?
Is it worth buying or not?
How much will its value be in the future?
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)