Best ICOs to invest

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Frederik Nielsen - page 15

Frederik Nielsen has 212 articles published.

Frederik Nielsen
I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

The future of cryptocurrency

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It is never wise to make predictions about the future, particularly not in finance. And when it comes to crypto-finance, it is especially hard to predict what will happen in the future — let alone today. This is not stopping anyone from making predictions, however. Quite a few writers have speculated on what the future of cryptocurrency will look like. Whilst it is impossible to pinpoint exact changes, some trends are more or less certain to continue. More investors will begin to buy into cryptocurrency, security and regulation will improve, and the market will probably remain volatile for the foreseeable future.

More funding from traditional investment sources

As cryptocurrency becomes more mainstream and governments are implementing proper regulations, investors who have been apprehensive will begin to fund blockchain projects. When the space becomes regulated, there will be less anxiety and fear about bad investment decisions. This will open up the doors for the more cautious investors. Because cryptocurrencies like Bitcoin and Ethereum have been in circulation for quite a while now, more people are beginning to view it as a serious financial investment. Although Bitcoin has taken a huge hit in terms of value since the crash last year, experts are predicting that it will actually rise higher than the all-time high of $20,000. Some have even speculated that the value of a Bitcoin will reach a quarter million dollars by 2022. There is still a long way to go before everyone is onboard the crypto-train, however.

Security and regulation will improve

One of the biggest concerns cited by apprehensive investors is the lack of security in the cryptocurrency space. A recent survey revealed that almost half of the respondents saw security in cryptocurrency as a big concern. Part of the problem is the lack of regulation of the market. Although more and more countries are slowly implementing proper regulations, the market as a whole remains largely unregulated. Compared to trading with fiat money, the cryptocurrency space is considered to be the Wild West. Hackers and scammers thrive when there is little to no regulation, which is also off-putting for investors. Fortunately, many countries are in talks of rolling out global regulations, which should remedy these concerns. The recent G20 meeting in Argentina saw proposals for cryptocurrency regulations being laid out for the future.

Volatility will continue

One of the main factors that worry investors is the volatility of the cryptocurrency market. Although this can mainly be put down to the temperament of the current traders, security is also a concern.

The recent hacking of Coinrail, and subsequent dip in the value of Bitcoin and Ethereum, is a good example of how a lack of security can impact the market as a whole. But trader temperament and security concerns are far from the only factors that make the market so volatile. The lack of intrinsic value of cryptocurrency is another major reason why the value can rise and fall so much and so fast. Although Stablecoins have physical goods like gold to back them up, these tokens are the exception rather than the rule. This indicates that, unless something changes, cryptocurrencies will continue to be volatile in the near future.

Germany Government States Cryptocurrency Don’t Pose Danger to Financial Industry

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According to an article published on CCN, Fidelity Investment Firms has temporarily halted its intentions to launch cryptocurrency fund after key members and investors decided to leave the company. The Fund was launched in 2017 and its main objective is to come up with a cryptocurrency that will benefit the investors and the firm at large.

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It is reported that the firm used the extra funds it had in account to invest in high-risk high return assets and this did not go down well with some of the members. Notably, the decision to invest in the assets was done after an extensive analysis of the financial stability of the firm.

However, a report that was made public in June 9th, 108 has revealed that the small fund set aside for cryptocurrency investment is not operational at the moment after some of the main staff members who were tasked with steering the department left the firm. As a result, plans for Fidelity to launch its own exchange platforms hangs on the balance as there is no clear information on whether the firm still plans to establish the exchange.

Fidelity Lost Cryptocurrency Experts

Interestingly, two former staff members who were part of the management team Nic Carter who worked as a financial analyst and Matt Walsh the ex-Vice President went ahead to establish an independent cryptocurrency fund after leaving Fidelity Investment Firm. The fund is called Castle Island Ventures but it is still not clear if it is operational.
Nonetheless, it is too early to conclude that the firm will not set up the exchange platform owing to the fact that it is ranked among the largest financial service provider of retirement products here in the United States. Launching the exchange platform and making sure it is fully functional would significantly promote its growth and expand its clientele base. Hordes of investors who are currently on the sidelines would take that opportunity to invest in the project thereby increasing its chances of being successful.
Other crypto-talents who left the firm include digital marketing manager Ben Pousty who joined Circle and Kinjal Shah who used to work as a consulting analyst. Shah ditched Fidelity to join Blockchain Capital. At the moment, the firm is desperately looking for a competent fund manager who will oversee the operations at the cryptocurrency department.

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Other Financial Service Providers Venturing into Cryptocurrency

Fidelity Investment Firm is not the only company in this niche that is seriously considering venturing into the cryptocurrency industry. Other financial service providers who have shown interest in the industry include New York Stock Exchange and Intercontinental Exchange.
Goldman Sachs have also confirmed that they have completed setting up a bitcoin trading desk for its clients and will be fully operation later this year. Notably, a significant number of financial institutions are still reluctant to invest in digital currencies due to the various risks such as price volatility and lack of proper regulations in most parts of the country.

Coinrail is hacked, Bitcoin value plummets

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The ever-volatile market for cryptocurrency has taken another hit after a prominent South Korean cryptocurrency exchange got hacked. Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS are among the many cryptocurrencies that have dropped 10% or more in value as a result of the hack. According to the Wall Street Journal, the person behind the hack got away with cryptocurrency worth $40 million.

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As a result of the hack Coinrail has been taken offline. According to Coinrail’s website, the team running the exchange managed to secure 70% of all the cryptocurrency tokens that were stored there. They managed to secure them by using a cold wallet, which is a hard drive not connected to the Internet. In the digital world, hackers are far from uncommon. The remaining 30% of the cryptocurrency tokens have been leaked.

Why is this interesting?

The interesting this about this case is the massive impact it had on the value of cryptocurrencies that were not even affected by the hack. Bitcoin, for example, was not affected by it, and yet the value dropped by a tenth. The only reason why the value of the otherwise unaffected cryptocurrencies has dropped is because investors decided to sell their tokens after hearing about the hack.

The reason why investors have decided to back off of cryptocurrency after the hack remains unclear. Had one of the major cryptocurrency exchanges been hacked, their decision would perhaps have been more obvious. However, Coinrail is not one of the major exchanges. According to the Wall Street Journal, they come in as number 100 on the list of the world’s largest cryptocurrency exchanges.

Why did the investors back off?

Some have speculated that the reason could be the unpredictable environment in the cryptocurrency space. Because many find the technology is difficult to understand and the governments have yet to solidify their regulations, cryptocurrency traders are looking at any other warning signs to guide their investment decisions.

Many media outlets have attempted to do the calculations on exactly how much this hack has cost the cryptocurrency market. Bloomberg, among others, have come to the conclusion that up to $42 million has been lost as a result of the hack. This is more than what was lost during the hack itself. What this indicates is that investor temperament can be just as, if not more, damaging than a cyber attack.

Maybe it has nothing to do with the hack

Experts, however, are of a different opinion., Some point to the fact that, according to CoinDesk, Bitcoin was already on its way down prior to the hack. After the all-time high of December 2017, Bitcoin has had a hard time recovering its value in 2018. As a matter of fact, the first quarter of 2018 has been the worst yet for Bitcoin.

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The same can be said for the other cryptocurrencies that were apparently affected by the hack of Coinrail. Looking at Ethereum and Ripple shows a similar pattern. Ethereum lost almost half of its value by dropping 47.7%, and Ripple lost the majority of its value when it lost 77% of it. This could indicate that the hack was actually not the reason for the drop in cryptocurrency value. Rather, 2018 has just not been a great year for the big cryptocurrencies.

Dennis Rodman, PotCoin, and North Korea peace talks

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The world has been on edge since Donald Trump and Kim Jong Un started to throw barbs at each other. What was first an early indicator of an impending nuclear war has now been dialed down to peace talks between the United States and North Korea.

The situation is no longer as tense as it was before, and there could be more than one reason for that. Rather than relying on Donald Trump’s diplomatic skills, former basketball star Dennis Rodman decided to join in on the peace talks to provide some much-needed moral support. Dennis Rodman and Kim Jong Un are old buddies, as they watched a game between their countries back in 2013.

But what does all this have to do with cryptocurrency?

PotCoin publicity stunt?

What caught the eye of the mass media was not so much the return of Dennis Rodman to the Far East. Rather, it was his outfit that got people talking. The t-shirt he wore had a peaceful slogan emblazoned on it, which said ‘peace starts in Singapore’. Nothing controversial here.

What was controversial, however, was the fact that it also had the logo for PotCoin on it. The cryptocurrency, which has sponsored Dennis Rodman’s trip to Singapore, was given a shoutout on his Twitter prior to his departure from the United States.

This is not the first time PotCoin has sponsored Dennis Rodman’s travels. Last year, the cryptocurrency team paid for his trip to North Korea. Here, Rodman and his colleagues were also seen wearing PotCoin merchandise, including t-shirts and baseball caps.

Why is this controversial?

It is not uncommon for a company to sponsor a celebrity traveling somewhere. It is an old marketing trick to have a well-known person wear your company’s clothing in order to create brand awareness. What makes the PotCoin sponsorship of Dennis Rodman’s trips to Singapore and North Korea controversial is that marijuana is illegal in both countries.

The situation is a bit more serious in these two countries than it is in Europe and the United States, for example. In North Korea, marijuana is listed as a controlled substance on par with much stronger drugs like heroin and cocaine. In Singapore, being in possession of marijuana is an even graver offense. The maximum penalty for being caught with marijuana is death.

Dennis Rodman seems enthusiastic about PotCoin, so it would under any other circumstances probably be a good match for a publicity campaign. Why PotCoin would choose to sponsor his trips to two countries where the substance is subject to such severe penalties, however, is uncertain. It definitely got the media talking about them, so if that was the aim then mission accomplished.

What is PotCoin exactly?

PotCoin calls itself a ‘network and banking solution’ for the legal cannabis industry around the world. As with other cryptocurrency platforms, PotCoin allows for cheaper, faster, and safer financial transactions for people trading in cannabis and cannabis-related products.

It is by no means a high-value cryptocurrency token, with one PotCoin being worth around $0.07. Their market cap is $17 million, compared to Bitcoin’s market cap of $115 billion. It is not the only one of its kind, however. In addition to PotCoin, there is also CannabisCoin, DopeCoin, and MarijuanaCoin. None of these cryptocurrencies have a significant market cap, however.

Whether or not PotCoin’s sponsorship of Dennis Rodman will aid his contribution to the peace talks between the United States and North Korea remains to be seen. The cryptocurrency team, however, are optimistic about the endeavor: “We at PotCoin definitely believe that Dennis Rodman deserves the Nobel Peace Prize.”

Fidelity Discreetly Creating its Own Crypto Exchange Platform

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One of the largest financial investment firms in the world, Fidelity Investments, is reported to be quietly positioning itself to take advantage of the lucrative cryptocurrency industry by creating its own exchange platform. As noted by CCN, the company is in first stages of launching the platform as an internal job positing circular leaked online this week.

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This MA based firm is rumored to be scouting for a DevOps System Engineer who will work for the company full time. His/her main role will be to come up with a digital asset exchange for both public and private cloud. Once the exchange is ready, the engineer will oversee the deployment process to ensure that it is done properly.

Another anonymous source that has been actively posting online about this company’s intention to start a cryptocurrency exchange platform has stated that the investment firm is valuated to be worth more than 2.4 trillion in assets that it manages. The source has also revealed that the firm has been debating on whether to launch the exchange platform for more than year now. The leaked recruitment circular is enough proof that the management board has finally agreed to set up the exchange.

Fidelity is also looking for professional staff who have the skills and experience required to help it provide stellar first class custodian services for various digital currencies such as Bitcoin and Ethereum. Experts who will be hired for this position will be deployed in the Fidelity Digital Asset Service department whose main role will be to directly deal and monitor the provision of all services related to cryptocurrencies.

At the time of writing this article, the investment firm clients can link their existing Coinbase accounts with the Fidelity accounts to view all their digital assets on the Fidelity beta platform. The assets are listed alongside all the other investments that a client has accrued in the company over the years. One of the benefits of this collaboration is that it gives Fidelity the ability to hold cryptocurrencies first-hand or directly.

It is also not clear if the exchange platform will be an independent entity but under the company’s umbrella or if will be hosted on the primary Fidelity platform. Only time will tell if the platform will be separate or part of the company.

It will be remembered that it is during the tenure of Abigail Johnson as the CEO that the firm started to take a positive attitude towards cryptocurrencies. In the just concluded cryptocurrency industry conference, Abigail openly stated that he is proud to be one of the experts from the renowned financial institutions who have not yet given up of cryptocurrencies.

fidelity

Fidelity Investment Firm is also reported to have invested in several companies that are directly dealing with cryptocurrencies as well as set up a medium cryptocurrency mining facility. Johnson is on record stating that even though the primary objective of setting up the mining facility was to research, the facility is actually making profits for the firm.

Finally, ones the exchange platform is launched and fully functional, the company’s charity department will be able to get contributions from donors in form of bitcoin and other digital currencies.

Crypto Comics

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You know a phenomenon has become truly embedded in our society when it makes an appearance in pop culture. The first comic book series dealing with cryptocurrency has now been launched, so fans of both manga comic books and cryptocurrency can rejoice. Shonen Crypto, which is the title of the comic book series, has just released its first issue, and aims to both entertain readers, as well as educate them about the wonders of cryptocurrency.

crypto comics

The first comic book to focus exclusively on cryptocurrency

In an interview with the editor-in-chief Taro says he has never heard or been told of another comic book series that deals exclusively with cryptocurrency. The comic is currently only available online in a digital format, but there are plans to expand the reach by a lot. Taro wants to publish physical copies of the comic, as well as produce music and accompanying videos to complement the comic book format.

Taro’s team has already grown from a modest group of ten employees to twice the size. The people working for him fill various roles. Naturally, there are artists and writers to create the actual comic series itself. But he has now also enlisted musicians to compose the music, and researchers to discover new cryptocurrency tokens they can work with.

Education and entertainment

One of the rationales behind the comic book series is to educate the masses about the world of cryptocurrency. Taro mentions the numerous scam artists in the cryptocurrency world as a reason for the educational aspect of the comic book series. He understands that many people are sceptical about investing their own time and money in cryptocurrency. The comic book series will try to clear up some of the misconceptions people might have about cryptocurrency.

Taro is of the opinion that whilst there are a lot of articles on cryptocurrency being written on a daily basis, a comic book series might reach a different audience. According to the creator, many people simply find the language being used to explain cryptocurrency too complex, and a comic book might be able to explain the concepts better than technical jargon.

What can you expect from Shonen Crypto?

The first volume in the Shonen Crypto series is divided into six separate parts. Part one, called “Crypto Heroes”, sees the main character of Bitcoin Senpai leading the others characters into a stand-off with the evil fiat money. The villains Bitcoin Senpai and his team has to fight off are the US Dollar, the Japanese Yen, and the European Euro.

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The second part is a bit more educational than the first one, and introduces the reader to Crypto-kun. Crypto-kun explains what is currently going on i the world of Bitcoin, and educates the reader about various scam artists and technical glitches. The third part of the comic book goes into investment advice and explains how nodes work in relation to the blockchain.

Parts four, five and six further elaborate on the intricacies of the cryptocurrency universe, and does so in very captivating manner. Be sure to check it out online!

Cryptocurrency Could Be The Next Step In Evolution

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The International Monetary Fund (IMF) has made some more interesting observations about the phenomenon that is cryptocurrency. Earlier this year, the Managing Director of IMF talked about how the introduction of cryptocurrency could very well be the catalyst for the complete overhaul of the world economy. Although we are yet quite far away from the abolition of government-issued fiat money, all the signs of a revolution within the financial space are there. Now the man behind IMF’s Strategy, Policy, and Review Department has written an article putting the emergency of digital currency into an evolutionary perspective.

Blockchain as a general-purpose technology

Martin Mühleisen from IMF writes that digital platforms, such as those underpinned by blockchain technology, are classified as a general-purpose technology. According to him, only three other kinds of technology in human history have the same capabilities, and these are the steam engine, the electricity generator, and the printing press. What makes general-purpose technology so important is that it continually transforms itself and affects all industry sectors — often creating completely new ones.

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The only issue with these kind of transformative technologies is that human culture is often very slow to catch up. Mühleisen notes that it is not only important to adopt a new technology, but also for society to adapt to it. Without adapting to new technology, we cannot fully benefit from it. As an example, Mühleisen shows how James Watt invented a functional steam engine in 1774, but no actual steam locomotive ran until 1812. That is many years worth of wasted potential.

Cryptocurrency will change the financial industry

While Mühleisen notes the dangers associated with cryptocurrency, such as the ability for criminals to use them for money-laundering and drug trade, he also acknowledges the potential benefits of the blockchain technology. Among these are faster, cheaper, and more secure financial transactions. Mühleisen also mentions how government regulations are a bit behind the evolution of the technology, and are only now being put into motion. This is another example of adopting a new technology, but not necessarily adapting to it fast enough.

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Mühleisen also mentions some of the new technologies on the horizon. Quantum computing will allow for calculations at a speed and on a scale that is unprecedented. As quantum computing becomes more mainstream, it will completely change industries relying on processing power. One of these industries will be cryptocurrency mining, and the blockchain space will undoubtedly see lots of changes as a result of the introduction of quantum computing.

Disruptions are on the horizon

While technological advancement is generally seen as a good thing for humanity in the long term, there are short term issues that need to be dealt with in the present. New technology like blockchain is very disruptive, and can create a lot of chaos and confusion. Mühleisen warns that jobs will disappear, and it is a good idea to start thinking about which new jobs will be created, and what qualifications will be needed. Therefore, he advises both public and private institutions alike to start considering which policies they will put in place to prepare for the digital revolution.

PAYERA – New Era of the Crypto World

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Payera Review

Whilst blockchain technology has a multitude of purposes (one only has to shoot a quick glance at the many diverse ICOs out there), the main one is still money and financial transactions. It is easy to understand why this is the case given the many intermediaries involved in financial transactions between companies. Every middleman adds to the financial costs associated with transactions, and cryptocurrencies are a great way to circumvent that problem. Payera is an an ICO that seeks to challenge the status quo by eliminating the need for any intermediaries, and thus reduce the costs associated with transactions.

payera ico

What is Payera?

The team behind Payera brands the platform as the first cryptocurrency payment platform with a multifunction solution that is secure and easy to use. These multiple function come in three forms: Payera, Shopera, and Cardera. Payera itself is a payment platform, and comes complete with both buyer and seller protections. There will also be an in-built exchange that user can utilise, instead of having to use third party exchanges. The platform is also operate on a ratings system, which buyers and sellers can use to assess each other, similar to platforms like eBay. The assessment made by the buyer of the seller, however, has an important effect on the seller’s capabilities on the platform. If the seller has a good rating, they will be able to receive direct payments and have lower transactional fees associated with the sale. Both buyers and sellers will have a digital wallet assigned to them to use on the platform. This wallet will be protected either with a PIN code, a fingerprint, or face recognition, depending on the user’s smartphone capabilities. In addition to the platform being decentralised, Payera will not have access to any user accounts.

What is Shopera?

Shopera is the online store component of the Payera ecosystem. Here, retail and individual merchants alike can list their goods, whether it is new or used. Depending on how much an item costs, a merchant will pay between $0.05-$0.50. As with eBay, the Shopera platform is easy on the small fish: if you sell less than ten items every month, you do not pay the seller’s fee. Buyers can use the platform for free, regardless of how much they purchase.

What is Cardera?

Cardera is the cryptocurrency payment cards that will come with a Payera account. I can be used for online transactions, as well as in regular ATMs to withdraw funds. Payera will issue the Cardera payment card for a flat rate of $20.

Key features of Payera

The design of the Payera platform is very intuitive and easy to use, and comes complete with all the features you would expect from a cryptocurrency platform. As it makes used of Ethereum’s network, it is a completely decentralised platform that secures all use data. The transactions themselves are faster than current methods of transferring money, and the tokens can be used in external online stores partnering with Payera. As a buyer, Shopera is free to use, and as a seller, it is a lot cheaper than similar platforms.

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Other Information:
– Payera TWITTER
– Payera TELEGRAM
– bitcointalk ANN
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– bitcointalk Username: Ico Friends

BGX – Mobile Gaming Payment Processing

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BGX Review

In the world of cryptocurrency, it is, obviously, all about the money. In the world of mobile gaming, money is definitely a deciding factor as well. As a matter of fact, the industry reached a total revenue of $30 billion last year alone. The projections for this year are even bigger, and experts suggest that we will see a 15% growth from last year. It is not an easy industry to break into, however. If you are a developer, you will quickly discover that the companies behind the mobile platforms you are developing games for will charge you quite a lot to use their platforms. There is always a silver lining behind every cloud, however, and this predicament has opened the doors for the blockchain industry to make its entrance. BGX is an ICO that promises to bring something new to the table in terms of financial transactions within mobile gaming. Not only that: they have already proven themselves by impressing a string of industry partners. The fact that BGX has already been tried and tested sets it apart from the majority of ICOs, most of which are projects in the making. BGX brands themselves as the ‘fastest, low-cost, and most secure decentralized method of payment processing.’ The gaming industry will benefit greatly from this innovative approach to financial transactions, so whether you are a gamer or a game developer – read on!

What is BGX?

Using blockchain technology, the team behind BGX is developing a decentralized platform that has multiple functions. The main aim of the platform is to process payment made in mobile games. Another aim is to allow developers of mobile games an easy way into the world of cryptocurrency. Not only will the developers be able to make money off of their creations in the form of cryptocurrency tokens, they will also have access to a market of mobile game players and grow their audience. Considering that they only pay 10% commission, this is a pretty good deal – traditional app markets charge around 30% commission. The other part of the mobile gaming industry, the players, will also be able to benefit from BGX. Rather than having to contend with ads and sponsored content, they will be provided with a digital wallet and can earn money every time they watch an ad.

What are the key features of BGX?

The developers behind BGX are promising a myriad of functions when it comes to their platform. Among these will be a distribution system for mobile games made for iOS and Android devices. There will of course also be an independent processing mechanism, for cryptocurrency and fiat money alike. Players will have access to digital wallets where they can store their cryptocurrency. Developers will have a subsystem designed for token emission. Many of the common monetization models will also be supported by BGX. Finally, the transactions carried out will be supported by a powerful AI that uses sophisticated algorithms. This AI will not only be able to monitor the financial transactions, but also prevent fraudulent behaviour, create tournament games for players, monitor the overdraft functions, allow users to customise and cluster the mobile applications, help create a compliance model, monitor the applications to ensure that they are complying with the law, and finally control the exchange rate of the various cryptocurrencies being used. Talk about versatility!

What about the tokens?

Another way in which BGX sets itself apart from other ICOs is that is used not one, but two types of tokens. These are called BGX (naturally) and BGT. The BGX token is based on the Ethereum network and uses the ERC-20 standard.

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NEXTPAKK – Crowdsourced Parcel Delivery

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NextPakk Review

NextPakk is the next generation of parcel delivery services. Too often, customers who order products online miss their deliveries, because the parcel delivery services are unable to deliver at a time that is convenient for the customer. Most people have a nine to five job, and are only able to receive deliveries during the evenings and weekends. The drivers, however, are also working nine to five, and so there is an obvious challenge to overcome. NextPakk creates an online marketplace where local businesses, drivers, and customers can connect to solve this issue. The businesses utilise their extra space to store the parcels, the drivers utilise their extra time and vehicles to deliver them, and the customers receive their parcel at a time that is convenient for them.

NEXTPAKK

What is NextPakk?

NextPakk is a blockchain startup company based in Minneapolis, USA. The vision of the company is to integrate blockchain technology and last-mile logistics with the modern supply chain. From the point where a product is created to the point where it is delivered to the address of the buyer, it goes through a long supply chain. The last-mile logistics is where it tends to go wrong, as many deliveries are made to customers during the day when they are at work. This results in a lot of failed deliveries, and ultimately requires the buyer to pick up the delivery themselves at a delivery office. According to research carried out by NextPakk, over one billion failed deliver attempts of this kind happens every year. Needless to say, this results in a lot of wasted time, work hours, and fuel, on the part of the delivery company, and a bad customer experience for the buyer. NextPakk aims to remedy this problem with their delivery system. Instead of having their purchases delivered with a regular company, who might not be able to accommodate night-time deliveries, buyers can have their purchases shipped to NextPakk. NextPakk will then store the client’s parcel in a secure warehouse, which will have 24 hour surveillance. Once delivered to their warehouse, the buyer can then request the parcel to be delivered to them at a time that is convenient for them. Since NextPakk works from 6pm-midnight seven days a week, this offers customers with a nine to five work schedule very good flexibility. As soon as the parcel has been safely received by NextPakk, the customer will be notified. From here, they simply enter their address, phone number, and the date and time for the desired delivery. Customers can choose to pay for a single delivery, or they can sign up for a subscription service in case they receive a lot of deliveries on a regular basis. All the drivers working for NextPakk are background-checked. NextPakk’s guarantee is that the parcel will be delivered successfully the first time, thus taking the hassle out of receiving parcels.

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How does NextPakk work?

NextPakk has designed a scalable sharing economy by combining blockchain technology with sharing prosperity. As opposed to most other ICOs, NextPakk does not use the Ethereum network. The Pakka blockchain is instead built on the Stellar fork, which is meant to make the system more scalable and provide a higher output. The Pakka token itself will be the native currency with which buyers pay for their delivery services, and drivers get paid. The drivers themselves can utilise their personal vehicles and spare time to deliver parcels to the buyers. Local businesses can also utilise their extra space to store the parcels and get paid in Pakka tokens. All drivers are background-checked and all parcels are tracked online. As an extra layer of security, NextPakk will also have an escrow system implemented in order to cover for any unexpected damages to the parcels.

What are the key features of NextPakk?

By utilising local businesses and warehouses as their delivery points, NextPakk will have many more places than the average post office or delivery service. This means that deliveries can be carried out much faster, as the parcels will be stores local to the buyer. Because of this close proximity, the distance the driver has to travel to deliver the parcel will also be reduced, thus cutting costs for time and fuel. The delivery points will typically be less than five miles from the address the parcels are to be delivered to. In addition to cutting the distance, the system will also allow for minimising traffic jams. Finally, both the package delivery points and the drivers will be monetarily incentivised to let the buyers control the time of delivery so that there are no failed attempts or chance for the parcel to be stolen because it it left unattended.

What are the benefit of Nextpakk’s ecosystem?

The checks and balances of the NextPakk ecosystem is perhaps the best part of this ICO. The retailers sending the parcels will see an increase in profits, as the number of returned, failed, or stolen deliveries go down. The local businesses who utilise their extra space to store parcels will benefit from an extra income stream. The drivers will also earn an extra income by using their extra time and their own vehicles. Finally, the customers will have a much better experience, as they are in control of the delivery and do not risk their parcel being stolen or returned to the retailer.

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What is the Roadmap for NextPakk?

According to NextPakk’s website, the roadmap for their project is as follows:

  • Q1 2016 Seed planted for NextPakk
  • Q3 2016 V1 of NextPakk as a physical solution
  • Q1 2017 Collected feedback from users on V1 and revisited the solution
  • Q2 2017 V2 of NextPakk solution based on shared ecosystem MVP Conducted over 700 customer interviews
  • Q3 2017 Ran a pilot program involving 10+ apartment complexes
  • Q4 2017 Started work on building the platform based on blockchain
  • Q1 2018 Web app launch
  • Q2 2018 Private Tokensale
  • Q3 2018 ICO and token distribution
  • Q4 2018 Market reach in 3 US major cities
  • Q2 2019 Pakka Dapps launch UK/AU/DE markets
  • Q4 2019 Expansion into 10 US major cities R&D using AI in Logistics
  • Q4 2020 Expansion into sub-Saharan countries
  • Q4 2021 Continued worldwide integration with the globas supply chain

How will the Pakka tokens be distributed?

The total supply of Pakka tokens will be 1,000,000,000. Of this supply, 8% will be sold during a private pre-sale, 12% will be sold during the pre-ICO, and a further 30% will be sold during the actual ICO. The team behind NextPakk will have 10% of the tokens made available to them, and their advisors will have 8% to look forward to. 8% of the tokens will be reserved for user rewards and airdrop, and 3% will be earmarked for bounty. The drivers delivering the parcels will have 8% of the tokens in store as rewards for going the extra mile (so to speak), and the local businesses functioning as the package delivery points will have 5% of the tokens assigned to them as rewards. Finally, there will be another 8% of the tokens kept as a company reserve.

Other Information:
– NextPakk TWITTER
– NextPakk TELEGRAM
– bitcointalk USERNAME: Ico Friends

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