Decentralized Evaluation of Innovation Projects

Historically, a key advantage of successful people has been their insight. As a rule, such a skill is a gift received at birth and is developed throughout their life. For centuries using the opinions of astute people has been a common business practice – in modern times this relationship usually takes the form of hiring professional evaluators; contractors, real estate appraisers and so on.

Innovation projects have always been difficult to evaluate. In the last century, when making decisions regarding technology investments, we had access only to the opinions of local experts. But with the advent of the Information Age, evaluation periods for start-ups and scientific projects have been shortened and the quality of those evaluations have improved dramatically. As a consequence of these improvements, it became possible for the start-ups themselves to become more complex, and their numbers to grow geometrically. This unstoppable growth of innovation projects was fired by the global economy and the accessibility of resources, thanks to global networks.

The successful rise of crowdfunding platforms contributed to the birth of the ICO, which of course is a valuable instrument, despite the fact that 90% of them are doomed to failure, or are scams. In this regard I share the opinion of Andreas Antonopoulos in everything except the date of the revolution, which we hope to accelerate. Undoubtedly, given the abundance of innovation start-ups combined with the wish of the “crowd” to invest their savings into ventures, we need an instrument to conveniently analyze start-ups which are (as a rule) very complex and always unique. Personally, I often caught myself learning about other cryptocurrency projects just by skimming through them. It’s hard to estimate how many important details I may have missed among hundreds and thousands of phonies.

In my opinion, at the current state of development of internet society, we require * smart * organization of the increasing flow of information (something which Google, Facebook and others have been doing in their fields for a long time) and especially around business processes.

For the last two years, we have been working on the Scientificcoin project, which aims to change relationships in the financing of science. Since innovative IT start-ups are roughly comparable to applied science projects, I would like to touch upon the topic of assessing and rating ICOs, and describe the platforms that are available today. 😉

ICOBENCH, ICORATING and others (as far as I know there are at least 10 of them) are platforms for ICO rating. Most of them provide advertising services, which, by definition, contradict the tasks of their platforms. But unfortunately such services cannot exist on a non-commercial basis, and neither can media resources, nor can any service that creates the information background that surrounds us.

A few days ago I received an offer from a stranger through Telegram messenger offering to raise our rating on ICOBENCH to the maximum level for a fee of about $ 2000, all the details of the correspondence can be found here. But the Scientificcoin project is not an ICO, and this fact is described in most references to us. In addition, ironically, in several articles I have described the existing rating platforms as an evil  which would eventually be defeated by decentralization of the assessment process.

Every business is concerned with what comes up when Googling their own names. If you google “Scientificcoin”, then on the first page you will see two of our official sites and several rating sites. At the top of the list was ICObench, in which our project has a rating of 3.4 points out of 5 possible. Earlier, I did not pay attention to such assessments, since we are not looking for funding through crowdfunding and a low assessment cannot inconvenience us. This offer offended me with the notion that since there was a proposal, then there must be some demand for these services. Don’t their clients ask themselves on what basis and by whom was their project evaluated? Which investors will listen to this apparently unreliable evaluation?

As an experiment, I spent $ 400 (2 ETH) to raise our rating by 0.2 points.  My new friend did not deceive me, and I received laudatory comments from two experts and a rating of +0.2. Obviously, where there are tools for manipulation, there will be people who want to use them.

Both platform moderators and independent experts may succumb to such manipulative tactics, because there is no reliable algorithm for controlling them. The same problems exist on a larger scale in the assessment of state venture funds and grantors, where not only officials build corruption schemes, but also some scientists, knowing that their scientific work cannot be assessed or verified. Compared to the ICO rating, the scale of annual financial losses due to science fraud, especially at the state level, is simply enormous.

Returning to the problem of evaluating scientific projects, it is important to note that money is not always the cause of inefficiency in the existing model. Unfortunately, in the closed scientific community, the opinion of a famous scientist can put an end to the development of a new technology. Fearing to oppose a better-known scientist, the bosses and advisors of young talents may hack at the roots of his venture. People unfamiliar with the scientific community believe that most promising projects should have support and be implemented, but unfortunately science is performed by people subject to the same sins as the rest of us.

For example, the vanity of a famous scientist is often the cause of influence on the creations of young minds. Driven by the power of fame and recognition, many good people do not notice that their actions disallow young people to surpass their own works, and since scientific activities are difficult to assess and the number of experts is limited, there is simply no one to condemn their actions.

We use blockchain technology to create and ensure impartial conditions that will contribute to the development of scientific research. Due to the mathematical algorithm and decentralized expert evaluation, each scientific development will be provided with an unbiased, fair rating.

Capitalizing on the benefits of Internet culture, decentralized evaluation will significantly modify current relationships within the scientific community and their connections to venture businesses. These conditions will guarantee an honest rating to venture investors, on which they can rely when choosing a project for investment. The experts will be academics with academic degrees, some of which can work anonymously, as well as representatives of various professions whose expert opinion can be significant only in large numbers, creating the so-called “wisdom of the crowd”.

Using blockchain technology, we will create a database without the possibility of centralized moderation; each user’s comment will be recorded permanently. Not only popular but also appropriate comments will be ranked for users to view. Today, the largest forum about blockchain technology and its derivatives https://bitcointalk.org/ has collided with this crisis, where any commercial project announcement won’t last even 15 minutes on the first page of the forum without the services of expensive PUMPERS to keep it there.

Comments from active users with the status of an expert in a certain scientific area will be displayed in a separate block in order to separate the opinions of professionals from ordinary users. Going to that user’s profile will allow you to read all their comments and view the history of their ratings.

While the user of the platform is reading comments, their typical actions and projects viewed will be recorded by the AI, which in the future will allow the user to receive relevant and interesting topics for him first and foremost. It’s no secret that such technologies are already being used by Google and others, and will continue to be developed, but certainly the decentralization implanted in our algorithms will introduce an element of trust.

The work of improving the algorithm will be endless, and for this we have provided a *blockchain vote* where every holder of Scientificcoin will be able to vote and check the results; it’s a pity that such a system will not soon be available to citizens when choosing their own government!

(c) CEO Scientificcoin Maxim Dvedenidov

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Two European Finance Regulators Urge the EU To Adopt Crypto and ICO Rules

Cryptocurrency and ICO regulations have been an open topic in Europe for quite a long period of time. Some finance regulators claim that it is high time the European Commission determined the place of crypto and ICO in European economy.

The European Banking Authority (EBA) stated that the current crypto asset-related activities did not comply with the EU financial laws, so that The EBA urged the EU to look into the crypto rules and identify what actions may be required at the EU level.

The representative of the EBA said:

“The EBA’s warnings to consumers and institutions on virtual currencies remain valid. The EBA calls on the European Commission to assess whether regulatory action is needed to achieve a common EU approach to crypto-assets. The EBA continues to monitor market developments from a prudential and consumer perspective.”

Moreover, the EBA advised to use the FATF’s recommendations. The Financial Action Task Force (FATF) is to issue a set of recommendations for crypto-related action in June 2019.

Another finance regulator, which supports the EBA, is the European Securities and Markets Authority (ESMA). It released a report which helps the authorities of the EU to make decisions on rules applied to crypto and ICO.

The spokesman of the ESMA said:

“Our survey of NCAs highlighted that some crypto-assets may qualify as MiFID financial instruments, in which case the full set of EU financial rules would apply. However, because the existing rules were not designed with these instruments in mind, NCAs face challenges in interpreting the existing requirements and certain requirements are not adapted to the specific characteristics of crypto-assets.”

We remind you

Seven EU Member States United To Adopt Blockchain In Their Countries

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What is STO and Why Is It Going to Replace ICO in a Near Future

During the last couple years the crowdfunding market began to develop rapidly. ICO or initial coin offering – is not only a very convenient way of raising capital for further project’s development, but also a very profitable investment tool. But there are many troubles on this market, which need a solution. In this article we will talk about a new type of crowdfunding on the cryptocurrency market (STO), find out how it differs from the ICO and what is its future.

1. The main problems of ICO

So as it was mentioned before, the ICO reputation suffered during 2017 – 2018 years. The sad statistics indicates that the vast majority of cryptocurrency startups that conducted public ICO, failed. There are many scammers on this market, whose activities are aimed only at personal enrichment. In 2018 general investments in ICO amounted to more than 18 billion dollars, and by the end of the year all projects brought only losses and frustration to their investors. Because of this, the regulators began to actively monitor start-ups that raise their capital through crowdfunding.

Users can purchase two types of digital assets in a process of participation during initial coin offering:

  • Payment Tokens. They can be used to pay for different goods and services, offered by a company- issuer.
  • Utility Tokens (or useful tokens). They allow using some specific services, offered by an issuing company.

It is very important to understand, that possession of the above mentioned types of assets does not provide an investor neither with influence on the destiny of the company (for example to participate in the voting of shareholders), nor with protection of his rights. The fact is that payment and utility tokens are not equal to securities or stocks.

2. What is STO?

It worth noting, that there is one more type of tokens – Security Token. This variant of assets is very similar to traditional stocks, to which everyone has already managed to get used on stock markets. The main feature of this type is that their owners, in fact, have the right of ownership of a certain share of a company. Such kind of investment is fully protected by regulators. It means that company’s failure to fulfill financial obligations to its investors will entail legal proceedings.

Many experts note, that STO will replace ICO on the crowdfunding market. The matter is the best features of ICO and IPO were united in this investment tool. STO got that level of security, which IPO has, and also the relative simplicity and accessibility that is inherent to ICO.

3. Who can work with STO

SEC has developed rules for investors who wish to participate in STO.

  • An investor must have net worth of $1 million. It is worth noting that this amount does not include the market value of the investor`s real estate in which he lives.
  • The investor should have net income of 200 thousand dollars a year. If we are talking about a married couple, their total annual income must be at least 300 thousand dollars a year.
  • If we talk about an organization, its net assets must be at least $5 million in order to participate in STO. Also, all members of the company must be accredited investors.

It worth noticing, that an investor does not have to comply with all the above mentioned points, one is enough.

4. Forecast for the future

It is early to talk about the future that expects for STO yet. The main indicator of success, which is worth paying attention to is the number of companies that do not work on the blockchain technology market, who wants to conduct an STO in the near future. This type of attracting investment should interest middle class companies, for which to conduct a classic IPO is too expensive. If this scenario becomes a reality, then it will be possible to assert with confidence that STO has a great future. It worth noticing, that this is not a fast process. It will take at least 1-2 years to set all the mechanisms and launch STO for a wide audience. It is quite possible with the right approach of investors and regulators. Now there is another obstacle on the way to massive implementation of STO – the general decline of the cryptocurrency market. The matter is that people`s interest to investments in blockchain is decreased at the moment. But the fall cannot last forever, that is why many experts still have optimism and believe in better future of both STO and the cryptocurrency industry.

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WHISKY TOKEN Or WHY Should People Invest Into Crypto?

Regrettably, crypto market has recently experienced a great downfall of its value. Many cryptocurrencies have lost their former prices and now are climbing up to their stable marks. Market volatility has been an issue to all investors, even for skilled ones. What if we tell you that one Team has created a wonderful method to stabilize the market and to calm down investors’ nerves? Sounds fantastic, doesn’t it? We offer you to look into Whiskey Token – first whiskey-based crypto token.

What is WHY?

WHISKY TOKEN, or just WHY, is a creation of new values. Do you remember, in 1971, the US government decided that the dollar would be backed to the oil, not to the gold as it had been before? The same goes here, the WHISKEY TOKEN will be backed to the  real whisky value. It is based on Ethereum, this helps to combine growth potential and security of the token.

The Biggest Advantages

  • Minimum risk of loss for WHY holders. Whiskey portfolio protects them from total course breakdowns.
  • Participation is affordable for everyone. The fee is €30.
  • No commission for management, just a little for blockchain technology assistance and distinction to traditional investment funds.

WHY’s mission

The project aims to let WHISKY TOKEN (WHY) owners take part in crypto market, no matter what financial circumstances might be. Due to a high-end whisky portfolio, the holders will be able to make fortunes from returns of the crypto market with a limited downside risk. WHY combines crypto technology with real asset values. The Team is sure that expectation of every holder will come true.

ICO details

The ICO has already started, it will last till February 28, 2019. The total number of WHY created is 28,100,000. The ICO is divided into three parts, the price of token depends on the phases, starting from 1 WHY = 0.8 EUR to 1 WHY = 1,2 EUR. The soft cap is 2000000 EUR, the hard cap is 25000000 EUR. Accepted currencies are Bitcoin, Ethereum and fiat money. The bounty program is available, about €50,000 is allocated for this purpose.

If you are interested in whiskey, as well as WHISKEY TOKEN, please, follow the link to find more information about the project.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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MobileGO ICO Price Overview

MGO token allows you to significantly expand the functionality of smart contracts (similar to the Ethereum and Waves cryptocurrencies). With its help you can:

  • Acquire / sell virtual goods, as well as game content;
  • Participate in decentralized eSports events.

MobileGO ICO price is not only advantage. It has a number of useful functions:

  • Opportunity to participate in decentralized competitions;
  • Payment token in decentralized markets and stores;
  • Can be exchanged for any whitelisted crypto on exchange services.

MGO tokens are adopted by over 500 mln users all over the world. Gamers, developers, investors, publishers and creators are choosing MGO tokens massively, just like Bitcoin 2 years ago. This achievement is simple to explain — MGO is based on the transparent business utility achieved thanks to the partnerships with Xsolla, Microsoft and many other companies. Reputation, respect and revolution describe MGO in the best way!

On the chart you will be able to track the level of prices for the MGO token The transfer of it is carried out in dollars, rubles, ETH and BTC. With the help of the appropriate switch you can examine in detail the trend of the MobileGO token. You can choose a certain period for consideration — it can be 1 day, a week, a month or a year, as well as a full story.

Why to join MobileGO revolution right now?

MobileGO plans an airdrop giveaway! Everyone can join and get free MGO token! Please pay attention to the fact that airdrop of MGO tokens will be limited! It will start in November.

Follow the official social media channels and set the alert about notifications from us — don’t miss the airdrop’s launch on https://airdrop.mobilego.io!

Rules for application are very simple. Follow MGO social media and fill in the forms with required details. That’s all you have to do! They will reward you with free MGO tokens which will be sent to your Ethereum wallet as soon as you fill in the form.

Follow the updates about this and other events on the official website — https://www.mobilego.io/!

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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Christmas Top Promising ICO Startups of the Outgoing 2018

Christmas is just around the corner 🎄 And we want to recall what bright startups have remained in our minds this year. The Coin Shark has already presented you TOP 10 Blockchain Startups 2018 and the TOP 10 ICO Projects That Became the Most Useful Ideas of 2018. Today we’ll talk about projects that we believe are among the most promising.

1. Joys

Joys is a project based on a creative idea of building a bridge between crypto holders and retailers willing to accept cryptocurrencies as a means of payment. It is an ecosystem where people will be able to find goods and services they like out of the wide selection of choices available at Joys and pay for them in Bitcoin, altcoins or tokens. A very important and useful feature of the platform is that it can be used even in the countries where crypto is officially banned with no violation of any regulations.

They design Joys as a tool of convergence between conventional monetary system and the new blockchain-based system to boost economy effectiveness. They expand application of cryptocurrency of any blockchain project at retail stores and service companies; this way, they involve classical retail into blockchain community and add value to both cryptocurrencies in general and currencies of projects connected to Joys independently.

About the project: https://joys.digital/en/

Whitepaper: http://download.joys.digital/docs/JOYS_White_Paper-EN.pdf

2.  Whisky Token

The entire whisky market has experienced strong global growth in recent years. The global trend is towards higher-quality and more expensive products. Total volumes have also risen significantly in recent years, with literal figures declining slightly in 2017 as well as in a few markets. In Germany alone, sales rose from EUR 735 million in 2010 to a forecast EUR 886 million in 2018, with the price per litre increasing in particular.

WHISKY TOKEN (WHY) stands for a disruptive new possibility in the crypto currency market due to the combination of High-End Whisky and Blockchain technology. Their mission is to combine the unlimited growth potential of a cryptocurrency with the security of real whisky value.

About the project: https://www.whisky-token.com/

Whitepaper:

https://www.whisky-token.com/whitepaper/whisky-token-whitepaper_en.pdf

3. Dragonglass

Dragonglass is a unique solution that will turn boring mining into an enjoyable experience. The project developers have created a special Dragonglass app that will let you play a game and mine DGS tokens at the same time.

Dragonglass is the world’s first gamified crypto-mining experience. Mining Dragonglass cryptocurrency is as easy and fun as playing a mobile game. It provides user-friendly and affordable cryptocurrency mining solution to everyone. Dragonglass is also powerful: by using a unique mining technology, it is thousands of times more efficient than traditional cryptocurrency mining.

About the project: https://dragonglass.com/

Whitepaper: https://dragonglass.com/dragonglass-whitepaper.pdf

4. Fidelium

Fidelium offers the very first cross-exchange trading platform for cryptocurrency. Fidelium’s trading system, named “Fortress,” enables users to trade at multiple exchanges around the world at once, within a single trading platform. It seamlessly connects numerous exchanges and allows users to freely choose which exchange to buy or sell their cryptocurrencies. Furthermore, Fortress will be integrated with the Fidelium mobile app, which features a multi cryptocurrency wallet, and a debit card payment system interface.

With “Fortress,” you can trade any cryptocurrency at any supported exchange you want, without any hassle, or time delay, enabling you to make the most out of your cryptocurrency trading.

About the project: https://fidelium.io

Whitepaper: https://fidelium.io/whitepaper_20180108.pdf

5. Skynavpro™

Skynavpro™ is a navigation software integrated in a specially developed hardware for communication, collision avoidance and live tracking for general aviation. Its shape is a single portable box, where all the information is being saved.

Throughout central Europe skynavpro™ is an already well-established brand and hardware prototypes are already developed. Due to its system level integration concept it can easily fit in any manned and unmanned aircraft (e.g. drones, UAV’s).

About the project: https://skynavpro.io/

Whitepaper: https://skynavpro.io/wp-content/uploads/ICO_skynavpro_Whitepaper.pdf

Joys: Rejoice and Pay in Crypto Everywhere

Cryptocurrency is such a unique and cool method of paying for goods and services. It is quick, safe and easy. Nevertheless, there are still relatively few opportunities for crypto holders to spend their assets on particular products. This is due to a range of issues: in some countries cryptocurrency is completely banned, some countries do not have any legislature on it whatsoever, but in most cases retailers and businesses are just reluctant to accept something new and unexplored and stick to the conventional methods, no matter how time-consuming and outdated they are. Crypto owners need to have the ability to spend their digital assets on what they want and where they want.

What is Joys?

Joys is a project based on a creative idea of building a bridge between crypto holders and retailers willing to accept cryptocurrencies as a means of payment. It is an ecosystem where people will be able to find goods and services they like out of the wide selection of choices available at Joys and pay for them in Bitcoin, altcoins or tokens. A very important and useful feature of the platform is that it can be used even in the countries where crypto is officially banned with no violation of any regulations. This can be achieved either using one of four possible payment mechanisms: bonus points, prepaid cards, digital coupons, or information and technical interaction. The platform is also available for various types of blockchain projects that are willing for their tokens to be used in store. Each and every new project on Joys is reviewed and treated individually, with the help of multiple apps and widgets. Thus, Joys brings a fresh breath of cryptocurrency and the blockchain technology into the sphere of conventional commerce.

How to get started, when Joys launches:

  1. Download and install Joys Wallet app (these will be available for installation in the second part of January 2019).
  2. Open settlement wallets.
  3. Deposit the amount of crypto necessary for your future purchases.

Token details

The project token Joys has already been listed at the crypto exchange. Trading pairs with Bitcoin (BTC) and Tether (USDT) are available for the customers.

🎄The Joys team would like to congratulate all the community with the upcoming holidays and wish everybody good exchange rates and investments in good projects!

More details on this revolutionary project can be found here.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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