How to Conduct a Successful ICO

successful ico

The world literally explodes from new and steep ideas. All thanks to the blockchain technology, which crypto projects are based on. Funds for such projects are attracted through ICO. Of course, the future of the project depends on the quality of the ICO.

What influences the success and what can guarantee the hard cap? Today we will analyze the most successful cases of ICO and advice of influential people of crypto sphere.

Contents:
(please, click the topic to scroll down to it)

  1. What is ICO?
  2. How to increase the value of the token?
  3. What do you need to know about ICO?
  4. Features of ICO in contrast to crowdfunding
  5. Examples of successful ICOs
  6. Step-by-step instruction for creating ICO
  7. How much does an ICO cost?
  8. Tips for holding ICO from The Coin Shark
  9. Tips for conducting ICO from famous personalities
  10. Conclusion

1. What is ICO?

Initial Coin Offering, or, as everyone knows, ICO is a possibility in the field of cryptocurrency, which provides a great opportunity for start-ups to take a deep breath, at the expense of the initial offering of coins to investors. Within the framework of the ICO, funds are collected for developing and promoting the idea, as well as for increasing the brand awareness.

2. How to increase the value of the token?

The cost of the token directly depends on the idea of ​​the project. If it is of value to a person, can solve global problems or simplify lives, that is, it will be in demand, then the ICO project’s token will grow in price.

3. What do you need to know about ICO?

ICO is the best way to raise funds for blockchain projects. Only since the beginning of this year during the ICO about 2 billion dollars for 130 cryptocurrency projects was collected.

However, a piece of pie is interesting not only to people with good and honest intentions. ICO attracts scammers, speculators and hackers who use the fact that the law does not keep pace with the progress of technologies and cannot regulate it.

Some countries are already trying to regulate cryptocurrency and ICO at the law level. But, the attempts have not been crowned with success yet. Therefore, to this day the hands of crypto figures have been free.

4. Features of ICO in contrast to crowdfunding

ICO projects collect investments by selling tokens. Due to this, the investor automatically becomes a participant of the project. Investing in crowdfunding, a person makes a kind of regular purchase in the future time. That is, he pays for the purchase of goods or services in advance.

With the help of ICO, it is possible to attract financing to projects that are only at the stage of “packing” the idea, that is, at the initial stage. Crowdfunding, in turn, implies the acquisition of finished goods and services on special sites. That is, financing to zero product is impossible.

Most often, ICO and IPO are compared because of a similar process of attracting finance. As for crowdfunding, it is quite difficult to call it “a form of investment.” It is rather a kind of trading activity.

Financing by a crowdfunding method can be received by projects which already have a certain capital. Investments through the ICO tools can be collected even without the MVP of the product.

5. Examples of successful ICOs

The best example of a “successful ICO” is Ethereum. It is also the first ever project with cool ICO.

In 2018, the crypto industry was blown up by the news about the ICO of Telegram messenger, owned by Pavel Durov. During the ICO, more than 200 investors were attracted; they invested $1.7 billion. Before the launch of Telegram’s ICO, the absolute leader in terms of collected funds was EOS, which attracted $4 billion.

6. Step-by-step instruction for creating ICO

Step #1: Formation of the concept and announcement

If you have a real idea, then take the time to study its relevance in accordance with the realities of the current and future market conditions. The relevance of the project influences the success of the promotion and ICO. If it is unable to solve global and/or private tasks, then it will not be of interest to society.

Step #2: Team and registration of the project

On average, from 20 to 30 people participated in the creation of successful IСOs. The organization of ICO should be carried out by a team of programmers, marketers, copywriters, PR specialists, designers, analysts and other narrowly specialized experts. The main thing is that they should be extremely competent in carrying out ICO.

After the formation of staff, it is necessary to register the company. This will increase investors’ confidence. After all, today we already know of a lot of cases when investors were deceived, and their funds filled the pockets of scammers. By registering a company and working out a mechanism for protecting investment capital, the level of trust automatically increases.

Step #3: Development of Whitepaper

In order for the financiers to have full access to the project, White Paper is used. This marketing beast is a powerful tool that is able to convert just an interested reader into an interested project participant or investor. The main thing is to properly submit information and explain everything in the simplest language.

Step #4: Creation and launching of the site

The site is designed to perform informative, advertising and selling functions. For ICO, one-page sites (landings) are created. Platforms conducting ICO should concern about the content, including the inclusion of White Paper in pdf format. In addition to the site, the effectiveness will be added by email.

Step #5: Advertising and promotion in social networks

The more noise is around the project, the more interested people will be attracted to it. The best place for hype is in social networks – Facebook, Reddit, Medium and other platforms. Also, do not forget about using all possible traffic channels. PR-campaign will help to form a wide and full-fledged audience.

Step #6: Bounty campaign

Help is not superfluous. Crypto volunteers (bountists) can be attracted to the project. True, they do not work for free, but for project tokens, which the company pays for simple tasks: reposting in social networks, writing reviews, reports, translating articles into other languages ​​and for others.

Step #7: Tokens’ emission

Today it is not beneficial to create tokens on your own. To do this, it is best to use such platforms as Ethereum, Waves, NEM, NXT/Ardor, Counterparty and BitShares. Investors trust the tokens created on Ethereum most of all, because the platform is the only one that has its own function of smart contracts.

Step #8: Sale of Tokens (ICO)

It is very important that investments begin to “swim” in the project on the first few hours of the ICO. This is more than realistic, provided that the preparatory steps listed above have been properly implemented.

7. How much does ICO cost?

It is quite difficult to predict the exact cost of ICO by the end of 2018. Experts attribute this to increased competition. They also state that prices will continue to grow. Now the cost of holding fluctuates between $100k and $500k.

The cost of ICO includes the development of an MVP product (if it is provided for in the project’s idea), White Paper, team building, PR coverage, and more. At the same time, everything depends on the complexity of the implementation.

8. Tips for holding ICO from The Coin Shark

Tip #1: Speak the language of the target audience

The project should be described in a simple and understandable language. The level of how much the reader will learn the information and his desire to join the development of the project depends on the level of readability of White Paper, articles, posts in social networks. Nobody wants to invest in something they do not understand

Tip #2: Answer the key questions

By means of ICO funds are attracted only by the projects based on blockchain technology. It is necessary to substantiate in detail the need for blockchain in the project. Also, open up what problems it is called upon to solve and its value.

Tip #3: Analytical reasons

Investors invest only in projects with good prospects. Therefore, include the analytics of the market and the segment to which the project belongs in White paper.

Tip #4: The value of the token

Describe the role of tokens within the project and the benefits that its holders will have. It is also important to justify on the basis of value, how quickly and how much the token is able to grow in price.

Tip #5: Attract professional marketing to ICO

First of all, you should not try to do the preparation and launch of ICO yourself. Yes, after watching videos on Youtube, everything seems very clear. But it’s not like that. After all, in an hour-long video, no one will talk about the pitfalls and how to remove them so as not to go to the bottom. In connection with this, The Coin Shark recommends entrusting the organization, conduct and maintenance of the ICO to a marketing agency that specializes in blockchain projects.

9. Tips for conducting ICO from famous personalities

Tip #1: “ICO is crowdfunding” – just agree

Experts recommend treating ICO as crowdfunding. To do this, meet the primary needs of investors and future users. Act as if financing is attracted in the traditional way. Such a move is credible.

Tip #2: Strong team

If the team has public figures, opinion leaders, advisors who have participated in well-known and successful ICOs – it’s worth telling about this.

Tip #3: Have patience

As practice shows, conducting of ICO often departs from the initial strategic plan. And this is normal! Do not immediately perceive barriers as a failure. Be patient and accept this as a chance to exceed your ultimate expectations.

Tip #4: Lead a transparent game

ICO investors have long pricked up their ears and at the slightest hint of a scam are winding rods. Transparency from the organizers of ICO and the creators of the project is important for them. For example, the address of charging tokens is published only by honest projects.

Tip #5: Platform for ICO

To receive funds during the ICO, you need a personal website for the project. But, this does not mean that it should be used only in such a way. On the platform, you should place the basic information about the project, White Paper, Road Map, the size of soft and hard cap, as well as display the amount of funds raised.

10. Conclusion

ICO in 2018 is of great importance for the digital currency. Because it opens wide horizons for start-ups and investors, especially beginners. Even if the project has nothing but an idea, it still has a chance to collect the necessary amount of funds for scaling and full implementation.

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How To Read Trading Charts

Cryptocurrency exchanges work on the same principle as traditional exchanges. Potentially, it is possible to earn very good money on these platforms, but for this, it is needed to be able to correctly read the cryptocurrency coin chart. Of course, in order to become a professional trader, it needs to learn and practice a lot, but if your goal is to understand the basics, this article will be an excellent starting point in the exciting world of trading for you.

There are a huge variety of different charts, but the most common is the “Candlestick chart”. The chart is a much more informative tool than digital or text analysis. Using graphics, it is possible to quickly navigate and understand the current mood of the crowd, as well as the balance of power between sellers and buyers of a particular asset. Based on the obtained data, it is possible to calculate the potential profitability or unprofitability of a particular deal.

1. The main types of stock charts

As it was mentioned above, there are a huge number of different types of charts, but the main ones are lines, bars, and candlesticks. All of these tools (with the exception of the line charts) can tell about:

  • price at the beginning of the selected period (1 minute, 5 minutes, 15 minutes, 1 hour, 1 day, 1 week, etc.);
  • price at the end of the selected period;
  • the minimum and maximum rate of the selected period.

By and large, the crypto chart clearly shows the history of the struggle between bulls and bears. In the process of this confrontation, a large number of deals are made. It should be understood that even a slight fluctuation of the price means that some have already earned on it, while others, on the contrary, have suffered losses.

2. “Candlestick chart”

Let’s take a closer look at the most common version of charts, namely “Candlestick chart”. It was invented almost 400 years ago by a rice seller from the country of the Rising Sun. The process of observing a line chart is not entirely convenient; for this reason, the construction of “Candlestick chart” is based on the principle of dividing the total time into specific periods. This principle helps to quickly navigate what is happening on the market and, accordingly, to give the Bitcoin trend prediction or any other financial asset forecast.

3. How to read the chart “Candlestick chart”?

One candle represents the range of prices for an asset for a certain period of time. The boundaries of the candle are the lowest and highest asset price in this period of time. If the candle`s color is green, this means that the asset has increased in value over a given period of time; if it is red, then, on the contrary, it has fallen.

Source: https://www.tradingview.com/

If you look closely at the above chart, you will notice:

  • the candle corresponds to the time interval – 60 minutes;
  • the minimum asset price was $3485,24;
  • the maximum asset price was $3733.58;
  • This hour began with a price of $3506,42 and ended with the price of $3687 (for this reason, the candle is green).

The main parameters that should be paid attention to when reading cryptocurrency charts are:

  • asset price;
  • time;
  • trading volume.

By and large, the entire analysis of charts is an ordinary calculation of the balance between supply and demand. It is possible to estimate the level of the strength of bulls or bears through the asset price (vertical axis) and the volume of transactions (horizontal axis). These skills allow experienced traders to take the right position in advance and earn money on any price movement.

4. Conclusion

In this article, we talked about how to read cryptocurrency charts. As it was mentioned above, there are a huge number of different types of charts, but the most popular and often used is the option “Candlestick chart”. The basic principle of this type of charts is to divide the time into certain periods. It is quite informative and easy to read. If you want to start trading, then you definitely need to get a deeper understanding of this topic.

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How to Choose Suitable ICO and Top ICO Trackers in 2019

Recently, the interest of potential investors to new ICOs projects has faded away a little.  It is explained by the fact that the cryptocurrency market has been in the downtrend for more than a year. But despite this, a huge number of new cryptocurrency projects constantly appear on the market. In order to have a convenient opportunity to look at the list of all current ICOs in one place, there have been created special aggregator sites, they are called ICO trackers. In this article, we will talk more about these services, learn about their advantages, disadvantages, and also provide you with a list of the most authoritative sites.

1. What are ICO trackers

So, as it was mentioned above, ICO trackers are specialized services that publish the necessary information about large ICO projects. It is possible to see lists of upcoming, existing or already completed projects on such resources. The main goal is to provide basic information to potential investors. On some of these sites, you can find not only the roadmap of a specific ICO but also its detailed analysis.

The staff of such services is doing a great job, which is aimed at studying the strengths and weaknesses of the blockchain ICO projects. As it is known, a huge number of scammers are concentrated in this area, for this reason, ICO trackers help potential investors navigate this dangerous market.

To understand the principles of such services, let’s take a closer look at the criteria by which projects are evaluated:

  • Risk. In order to compile an estimate for this parameter, the following data is studied: publicity of the development team, White Paper, availability of a test work product, the reputation of consultants and partners, etc.
  • HYPE. This criterion is counted by calculating the number of subscribers on the project pages in social networks, the frequency of its mentioning in the media, search results, etc.
  • Basic report. To evaluate this criterion, the following aspects are closely studied: the innovativeness of used technologies, the presence of its own blockchain, advantages and disadvantages, prospects and possible development options.
  • Investment Rating. According to the analysis, an expert forecast of the future of the project is provided.

All these factors help investors to get comprehensive information about a particular ICO and decide whether to invest their money in it or not.

2. Strengths and weaknesses of ICO trackers

ICO trackers are not perfect and they also have their own advantages and disadvantages.

Advantages

  • Providing basic information about the latest ICO.
  • Compilation and provision of project analysis, which significantly saves time for potential investors.
  • Listing scam projects.

Disadvantages

  • Not all services consist complete information about a specific project.
  • The information provided on the ICO tracker cannot be trusted 100% since such services cooperate with many projects as advertisements. This may mean that published information about a specific ICO may not be objective. For this reason, before starting the ICO funding, it is better to study it yourself.

3. Who needs ICO trackers?

Such services are actively used by investors, people who themselves conduct crowd sales, as well as all other users who are simply interested in this industry. A huge number of fraudsters are concentrated at this market. But despite this, there are really worthwhile projects that can give real profit to their investors, even in such a market. For a non-professional investor, it is quite a difficult task to find such an ICO. Therefore, investors use similar services to obtain key information about recent ICOs.

It should be noted that startups themselves are very willing to use ICO trackers because, such services are an excellent marketing tool for them.

4. List of popular ICO trackers in 2019

Recently, a sufficient number of ICO-trackers have appeared on the market. Each service has its own approach and its own criteria for evaluating new ICO coins. It is possible to find detailed information about ICO projects on larger sites, and some services simply publish WP with a link to the official project resource.

Here is a short list of popular and current ICO trackers in 2019 (according to the rating for 2018).

5. Conclusion

There are many scammers on the ICO market, lists of which can be found on specialized services – ICO trackers. Such sites allow investors to obtain key information about ICO projects.

These are certainly very useful services, but it is important to remember that ICO trackers are not the last resort, so before investing money in a certain project, it is better to search for information about it on the network.

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Soft Fork and Hard Fork in Simple Words

Many people do not want to understand the subject of cryptocurrency, because they think it is very difficult, and to understand how everything works, it is necessary to spend a lot of time. Indeed, for an unprepared person, some terms may seem very complicated: blockchain, hard fork, soft fork, etc. Of course, if you want to learn how to code, create algorithms or new cryptocurrencies, then you need to get a profile education, which will take more than one year. But if your goal is a trivial desire to understand the basics, then you will need to read just a couple dozen guides, which, by the way, you can find on our website.

In this material, we will tell you in simple words how hard fork differs from soft fork, and also recall the main Bitcoin hard forks.

1. What is soft fork?

Soft fork is the process of software updating or changing the code of a particular cryptocurrency. When conducting softfork, there is no need for a total replacement of computer software that ensures the operability of the coin network. All innovations that are made during the soft fork have full compatibility with older versions of the network. This means that if the coin creators want to cancel this update, they can do it without any problems.

To make it clear for an ordinary person who does not understand the nuances of the blockchain’s work, let us draw an analogy with the denomination of the ruble of the Russian Federation. In 1998, the Central Bank of the Russian Federation artificially raised the rate of the national currency in 1000 times. But after that, old-style banknotes were still in use for some time. If the Central Bank specialists considered this experiment unsuccessful, they could have easily canceled it and returned the previous exchange rate of the ruble.

Basically, soft fork is conducted because of the need to improve the network, as well as the liquidation of detected errors. During these updates, there is no change in the basic principles of the network.

2. What is hard fork?

Cryptocurrency hard fork is a cardinal change of the blockchain network code, which implies the lack of compatibility with older software. Roughly speaking, in the process of carrying out hard fork, a completely new cryptocurrency is being created, which cannot work with the old version within the same network. After hard fork, an alternative blockchain is created and it works on a completely different principle.

To simplify the process of understanding the above information, let’s also give an analogy from real life. Most people know that the euro currency has now been entered as legal tender in the European Union. Its introduction began in 1999. In the process of development, the euro has stopped to depend on the franc or dychmark and has become an absolutely independent currency.

The main reasons why developers spend cryptocurrency hard fork:

  • implementation of improvements that require major changes;
  • elimination of major bugs;
  • a desire to create a new cryptocurrency based on an already working product.

The main hard fork meaning is to create a separate blockchain, which will have its own miners.

3. The main hard forks of the first cryptocurrency Bitcoin

Hard forks in Bitcoin happen much more often than in any other cryptocurrency. Now let’s talk about the main forks what happened in Bitcoin network lately.

Bitcoin TX. This project is noticeable by only the fact it was the first hard fork in the Bitcoins network. The development team led by Mike Hearn held this hard fork in August 2015. The principal difference between the new project and the original Bitcoin was an increased block size (up to 8Mb). This solution would increase the capacity of the blockchain to 24 transactions per second. For the further development of Bitcoin XT, it had to be supported by ¾ of all the miners of the original Bitcoin network. But in fact, the first hardfork got support of only 12% miners. For this reason, the project was forgotten over time, and its network became incapable.

Bitcoin Classic. The developers of this project took into account the Bitcoin XT errors and decided to smoothly increase the block size: initially increase it to 2 MB, and only after 24 months – double it to 4 MB. It occurred in January 2016. But, unfortunately, this hard fork also failed. The reason was all the same low support from the miners. Officially, the project was closed in November 2017.

Bitcoin Cash. As of today, it is the most successful and popular Bitcoin hard fork. It is the only BTC fork, which not only got, but also stayed for a long time in the list of TOP-10 cryptocurrency projects. It was initiated in August 2017. The main advantages of this project over the original BTC are: increased capacity, low commissions. Subsequently, Bitcoin Cash had its own hard fork (November 15, 2018), which slightly weakened its position, but the project is not forgotten and continues to develop.

4. Conclusion

Briefly and in simple words, hard fork definition is a large-scale update of an existing cryptocurrency, in the process of which a new coin appears. Soft fork can be compared with a planned software update, which does not imply the emergence of a new cryptocurrency.

If to look at the history of Bitcoin hard forks, it appears, that no project has even managed to come close to BTC, so far. At the moment, the only more or less successful project is Bitcoin Cash, but developers need to put much efforts to help their brainchild to compete to its older brother.

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What is Fintech?

Fintech is the new financial industry that improves the current financial system and our everyday life with innovative technologies.

New technologies in the financial sphere

The field of financial technology is developing rapidly. Every year, there are more sites and applications that simplify the payment for goods and services, the receipt and repayment of loans, as well as the usual process of money transfer.

Payment services are the most popular in fintech today, which significantly save the time for making payments. With their help instant transfers within a country and fast international ones are made. Payments using a QR code also relate to financial technologies.

What financial technology allows to increase

Financial technology is designed to speed up the process of carrying out any banking procedures.

Conceptual approach to the development of the fintech ecosystem

Forming the financial ecosystem will help financial and credit organizations in the competition for customers and increase business income. However, a conceptual approach to the development of such ecosystem requires the development of IT systems in order to collect, store and process huge amounts of data both online and offline.

Innovative financial technology

The development of financial technology began in 2009 after the crisis. Banks used robots to reduce costs, began offering credit to their customers online, and moved financial payments to the Internet. Much greater impact to the development of financial technology made the mobile Internet. As a result, several major financial technologies and capabilities emerged:

  • delivery of services via the smartphone;
  • delivery of services via social networks;
  • alternative payments;
  • marketplaces;
  • innovative business models;
  • artificial intelligence;
  • digital identification and biometrics;
  • open API.

Investing in fintech

For the period from 2010 to 2015 only, the volume of investments in fintech increased to almost 20 billion, which is 10 times more in terms of investments before 2009.

According to KPMG auditing company, the volume of investments in the first half of 2018 amounted to $ 57.9 billion, which outweighed the volume for 2017.

The Fintech boom

Today, many startups do not meet the expectations of investors, although in 2014 the situation was completely reversed. The revolutionary Boom of financial technology fell exactly on that year, in which no name players at that time stood out, and today they are world famous giants of the financial industry such as Square and Stripe payment services, which had raised $ 150 million, Renrenda startup, that had collected $ 130 million, and p2p lending platform.

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What is Artificial Intelligence?

You may not even realize it, but you daily encounter or interact closely with artificial intelligence (AI), or at least take part in its training. All modern technologies of the latest generation use AI: smartphones, smart watches, social networks and even messengers, not to mention more serious developments, such as high-intelligence machines.

Artificial intelligence is a science and technology of creating intelligent machines, programs, and systems capable of solving creative tasks that, as is commonly believed, only a human can handle.

This definition hardly made it clear, so in this article The Coin Shark will answer the most frequently asked questions and tell you everything you need to know about artificial intelligence.

What can be related to artificial intelligence technologies?

Today, artificial intelligence technologies include the latest models of smartphones and other mobile devices, as well as Siri and Alice voice assistants, Google and Yandex search engines, even GPS navigation devices. AI is actively used in the sphere of defense and military affairs, medicine, education, business, and other areas.

What does artificial intelligence do?

Studies and develops. Let’s have a look at the example of the latest flagships, in which artificial intelligence is integrated into Alice or Siri voice assistants, depending on the operating system of the smartphone. The helpers adapt to the needs and even the character of the user to help with everyday tasks. It is assumed that the assistants can not only find information, but also independently call a taxi, book hotel rooms, etc.

In other words, AI will adapt to a person’s  way of thinking in order to solve logical and creative tasks.

What does artificial intelligence include?

If we do not go into detail of a complex process of building and learning AI, then artificial intelligence includes neural networks with a huge number of large databases that are replenished every second.

Application of artificial intelligence in economic

In the economic sphere, artificial intelligence is applicable in banks, logistics, trade, markets and even brewing. Based on AI technologies, which are used in economic, completely replaced a human at some positions as a work unit.

Benefits of artificial intelligence

AI greatly facilitates everyday life, not to mention the global challenges. It can solve issues that require a logical approach with such speed that is beyond the power of man. Its another peculiarity is that it can make decisions accurately and precisely with the slightest error. For example, in the field of medicine, AI will soon be able to make diagnoses and even execute complex operations that the medical workers are not able to carry out today.

Artificial Intelligence and Robotics

AI and robotics used to be two completely different areas,  but now they are in close contact. They quickly found use in many practical implementations that showed a good result. The symbiosis of AI and robotics is actively used not only in research centers, but also in small and medium-sized businesses. The speed of development is amazing: while humanity have become used to mobile devices, the developers have already begun releasing the first AI robots. At the moment, the international community is demanding smart robotics regulation.

Tasks of artificial intelligence

AI is designed to solve and perform tasks that are beyond the power of man. For example, in diagnostics it will be able to determine a pathology in the early stages, which will make an insane step in medicine and prolong people’s lives. Also, AI can effectively use resources, for example, in production. In transport logistics, smart cars will work out the most optimal route to save fuel and reduce vehicle wear. There is a huge amount of tasks that AI can solve, but they all should be led to simplification, economy and accuracy.

Development of artificial intelligence

It is difficult to predict the development of AI since the direction is developing rapidly. For just a few years humanity has witnessed how machines can reproduce human speech and logically answer questions. So far it is known that the potential of artificial intelligence is not even half used.

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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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