A lot has been said about Bitcoin. A lot has been said about Bitcoin. This blockchain-based cryptocurrency is the first but, as you’ll see from Bitcoinfy’s infographic below, not the only one of its kind. It has changed the way we do ordinary and business transactions. Although many investors virtually made a fortune when Bitcoin reached its peak by the end of 2017, its volatile price has been the main reason why new investors shy away from the currency. However, most of them would still agree that it is the best cryptocurrency at the moment, despite thousands of other crypto alternatives.
What are Bitcoin and Blockchain?
Bitcoin was launched in 2009 by an unidentified person under the alias of Satoshi Nakamoto. The platform which Bitcoin and similar cryptocurrencies utilize is known as blockchain. This is a P2P-based digital, decentralized, and distributed ledger that stores data in blocks. The entire system is arranged in such a way that hacking or deleting these blocks is extremely difficult, if not impossible. Only authorized parties are able to make legitimate changes to the system.
Concepts Related to Cryptocurrencies
The invention of Bitcoin brought us a lot of new concepts. One of them is the so-called Bitcoin mining. You might have heard about mining cryptocurrencies. Simply put, mining is a process on the blockchain network by which network nodes verify transactions. After the verification, transactions are added to a new block of data. As a reward for their computing power, miners (owners of the nodes) are given a specific amount of the mined cryptocurrency (for example, 12.5 bitcoins).
Crypto wallet is another popular term in the cryptocurrency world. As the name suggests, it is a digital wallet used to store cryptocurrencies. It is not possible to own a digital currency without owning one of the countless wallets out there. They are quite easy to open and handle. Many have only the basic functions, such as “send” and “receive” funds, so you need to have basic computer and smartphone skills to operate them. However, you should always go for the one that offers a high level of security. Note that if you ever lose access to your account, it is not possible to retrieve it and your coins are gone forever.
Perhaps you are aware of another popular cryptocurrency item – initial coin offerings (ICOs). Before a crypto startup launches its product and crypto coin, they might run an ICO to collect funds for further development. It goes like this. You believe that startup X has a promising future. You can buy its tokens on presale during its ICO for Bitcoin or Ether (another popular cryptocurrency). If everything goes according to the startup’s business plan, the tokens you purchased will significantly increase in value (sometimes more than 1,000%) in the future, and then you can sell them, getting yourself a nice return on investment.
What Is Next for Bitcoin?
Bitcoin has made a name for itself over the years, but there seems to be a general declining of its value. However, this trend might be only temporary, and we could see it reaching a new all-time high level pretty soon. Unfortunately, it is not possible to predict future developments. All we can say at this moment is that Bitcoin and blockchain adoptions are growing at an unprecedented rate. This is good news, and we should hope for the best.
Lots of people are fans of ICOs simply because they’ve brought a lot of fresh ideas into life over the last few years. A couple of successful ICOs went down in history as having sold out in minutes after launch, raising millions of dollars in startup funds.
We know you’re already aware of the fact that a lot of hard work goes into making an ICO successful. Thousands of startups seek funding from different communities each day, so it is no longer enough to simply have a brilliant idea. You’ll need to do more than simply floating your idea to investors and waiting for that “magical” moment when millions start trickling in your bank account. If that is how you planned to launch your ICO, it will be dead on arrival.
In this post, we will take you through three time-tested ingredients of successful ICOs. Of course, they’re not a guarantee of success on their own, but they sure will raise the chances of you getting every dime you require to launch your business.
Let’s talk about all these in detail.
As cliché as this may sound, you actually need to have a product that solves a problem. This is the perfect criteria for gauging whether or not your ICO is going to be helpful to the community. Additionally, you need to have a valid reason why you think tokenizing your product is the way to go. Not all products are required to be blockchain-based. If you don’t have a valid reason for it, then it might not be a good idea to go ahead with the ICO. You should know that cryptocurrency investors are a bunch of smart individuals. They can easily smell a pump and dump token miles away.
They say two heads are better than one. This is especially true in any business venture. You need to assemble a team of qualified individuals that have unquestionable characters. If there’s one thing that investors have it is time – time to evaluate your character until they’re sure you are worth their trust. Tagging that unpopular family member or friend in your ICO team simply to massage their ego might be the one thing standing between you and your dreams. And you can’t blame the community for this. ICOs have been one of the worst hit areas by scams in recent times.
Marketing and advertising are the final stages of your ICO process. At this point, you have a chance to put your best foot forward to be able to attract as many investors as possible. There are several ways of marketing your ICO. Below are just but a few:
Create a whitepaper to gain the trust of investors;
Set up a website and promote it using useful content;
Go for influencer marketing and social media communities;
Make use of email marketing.
There you have it!
As you’ve seen, some of the key ingredients for successful ICOs are not far from what we know; we just need to apply them in a structured manner. Successful ICOs never did things out of the ordinary, they did ordinary things in extraordinary ways. If you’re thinking of launching an ICO, consider putting in place a solid plan that incorporates the three ingredients above. And with that in place, you should be able to make it to the list of successful ICOs.
Initial coin offerings (ICO) have been transacting Ethereum (ETH) at breakneck speed, with over 400,000 ETH moving out of wallets in the past 30 days alone, according to data from crypto assets data and software development firm Santiment published Dec. 17.
Ethereum moved out of ICO teams’ wallets Nov. 18 – Dec. 17 2018. Source: Santiment
Santiment’s data sample notably does not track the ETH “all the way to exchanges,” with the metric therefore not a hard and fast confirmation that the ETH has necessarily subsequently been sold: Santiment thus qualifies the data as a “suggestion” of “possible selling activity.”
Santiment’s three-month chart for ETH leaving ICO team wallets reveals a significant uptick in outgoings over the preceding 30 days, as compared with data from mid-September to mid-October, and from mid-October to mid-December:
Ethereum moved out of ICO teams’ wallets Sept. 18 – Dec. 17 2018. Source: Santiment
Santiment gives a breakdown of the specific wallets in its sample, ranking the ICO teams according to the amount of ETH “spent” over the thirty-day period. According to its rankings, SingularDTV — a blockchain platform for the entertainment industry — came top out of a total of 39 projects, “spending” 60,370 ETH since mid November: the team wallet still holds around 165, 000 ETH, having reportedly raised an initial 585,430.62 ETH in its token sale.
Other major ICO ETH “sellers” this past month are Aragon (50,000 ETH), Kyber Network (47,290 ETH), Friendz (40,870 ETH) and Status (40,000 ETH).
The two ICO projects with the highest ETH holdings in Santiment’s sample — DigixDAO and Golem — have 395,430 ETH and 369,020 ETH respectively: neither have sold any ETH over the past thirty days.
According to a study from ICO analysis firm ICORating in mid-November, not only are ETH outflows seemingly on the rise, but the sector overall saw a decline in initial funds raised in the third quarter of this year. ICORating’s data indicated that Q3 2018 saw 597 ICOs raise over $1.8 billion, a notably lower value than the over $8.3 billion reportedly raised in the previous quarter.
In the United States context, analysts of the recent trends have pointed to the crackdown on the fundraising model by the U.S. Securities and Exchange Commission (SEC) putting “hundreds” of projects at risk, and lingering regulatory ambiguity.
As of press time, ETH is trading at $91, up around 4.4 percent on the day, but close to 50 percent down on the month, according to Cointelegraph’s Ethereum Price Index.
One of Israel’s leading entrepreneurs in the cryptocurrency field, Moshe Hogeg, is facing accusations of embezzling funds raised from two Initial Coin Offerings consequently rendering the company for which the funds were raised for insolvent.
As a result, 17 individuals who claim to be shareholders of IDC Investdotcom Holdings, the company associated with Hogeg and which is more popularly known as Invest.com, have filed a petition seeking to liquidate the firm. A temporary liquidator has subsequently been appointed by a court in Tel Aviv, according to The Times of Israel.
With the 17 individuals all being ex-shareholders of AnyOption, a binary options firm which is now defunct, the petition has highlighted the close ties that exist between Israel’s thriving cryptocurrency sector and the binary options industry which was recently outlawed in the Middle Eastern country.
Registered in Cyprus, Operates from Israel
Though IDC Investdotcom Holdings is registered in Cyprus, the petitioners have alleged that it was largely run from Israel. After tens of millions of dollars were raised during two successful ICOs, the petitioners allege that Hogeg failed to share the proceeds but instead put the money to his own use.
This year Hogeg has been in the news for various multi-million dollar purchases and donations including a parcel of land he bought in Tel Aviv at US$19 million and the Israeli top soccer club Beitar Jerusalem which he acquired at a price of US$7.2 million. Hogeg also recently donated US$1.9 million to Tel Aviv University to put up a blockchain research facility named in his honor.
The blockchain entrepreneur’s ownership of Invest.com is through his venture capital firm Singulariteam. Other firms in the portfolio of Singulariteam include Sirin Labs which is known for the US$1,000 blockchain smartphone known as ‘Finney’.
Per the petition, AnyOption and Invest.com merged last year in June after it emerged that the former could no longer continue in the binary options business as Israel was planning to ban the sector. Terms of the merger agreement were however changed this year in February with shareholders of AnyOption now entitled to receive US$3.5 million from Invest.com and shares of Stox, a cryptocurrency firm that had been launched.
One of the ICOs which the petitioners claim became the victim of embezzlement was conducted last year in August when Stox held a crowd fundraising event where ETH worth US$34 million was raised though the value later rose to US$60 million. Stox also did another ICO in February this year for a project known as Zodiac where US$33 million was reportedly raised according to the petition.
The petitioners now claim that this amount never benefitted Invest.com but was instead embezzled by Hogeg leading to the current insolvency. Invest.com has, however, denied allegations that it is insolvent.
The securities commissioner of North Dakota has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order.
According to Karen Tyler, North Dakota’s securities commissioner, Union Bank Payment Coin promoted unregistered securities that were potentially fraudulent via an Initial Coin Offering (ICO). This came on the back of investigations done by North Dakota Securities Department’s ICO Task Force which is tasked with the responsibility of identifying ICOs and other crypto-related investments that pose a risk to investors in the Peace Garden State.
Per the North Dakotan securities commissioner, the Union Bank Payment Coin is attempting to pass off as an initiative of Liechtenstein’s Union Bank AG which earlier this year announced plans to issue its own security tokens and a stablecoin pegged to the Swiss Franc.
Not the Real Deal
However, the two entities are vastly different as Union Bank AG is regulated and fully licensed by Liechtenstein’s financial regulator, the Financial Market Authority (FMA). Union Bank Payment Coin, on the other hand, appears to be a Russian entity as the internet protocol address of its website is based in Russia. Its website is also registered to an individual based in the same country.
On its website, Union Bank AG has warned of the possibility of investors being ripped off by opportunists saying that no wallet addresses exist either publicly or privately to which cryptocurrencies or traditional currencies can be sent to. Additionally, the bank warns that it hasn’t set up websites for registration purposes or for contributions and that interested investors must deal directly with the bank:
“Fraudulent websites warning: Please be aware of potential scammers. The only way to participate in Union Bank AG’s coin offerings is via a direct contact with the bank.”
Apparently, the scammer had set up a website, www.unionbankag-invest.com, which had the feel and appearance of being the legitimate bank’s website in order to recruit investors. The legitimate website of Union Bank AG is www.unionbankag.com.
This is the second time in a little over a month that the North Dakota Securities Department has issued a Cease and Desist Order against ICO promoters. Mid last month as CCN reported, Advertiza Holdings, Crystal Token and Life Cross Coin were prohibited from selling unregistered securities to North Dakotans.
According to the securities department, the three ICOs were targeted for among other things promising unrealistic returns to investors. Crystal Token was, for instance, promising investors a daily return on investment of 2% while failing to offer adequate information regarding the identities of its directors and/or senior executives.
If you own a startup, you probably already know that getting funding is not an easy task. Even though your business plan is perfectly crafted and executed and there is a demand for your services, you might be still struggling to take your business to the next level.
The reason is obvious – the market is pretty much saturated and you have a lot of competition. So, what options do you have? You could continue with your efforts and hope for the best. Or you could try new and, in a sense, unconventional methods of getting funds.
What if we told you that cryptocurrencies are of great benefit to startups? You have probably heard about them, but you think they are primarily used for trading through obscure crypto exchanges.
That would be a wrong opinion. Some of them are actually aiming to help startups, rather than just serving as a means of trading. By using digital tokens, startups could much more easily sell their services and goods worldwide.
Let us briefly explain this point. Say that you’re into the Internet of Things (IoT) industry, selling smart home appliances. Your goal is to get more funds to level up your business, but you find it hard because you are restricted to your particular country’s market, for example. Customers from other countries might be interested in buying your appliances, but they find it troublesome to pay you because of international regulations.
Now you can easily bypass these things. All you have to do is start using VeChain or IOTA crypto networks for example, because these are focused on the IoT niche. You could be using these digital tokens to sell your services to people worldwide, as this way of transacting is not limited by international regulations, fees, conversions, etc. In fact, there are zero middlemen between you and your customers.
If this sounds confusing to you, we suggest taking a look at the infographic below. You will find information about the top 26 cryptocurrencies and what they were built for, after which you can easily locate yourself on the map and know what crypto project is related to your business.
It shows that nearly every industry in the world will benefit from the digital means of payments, and your startup should definitely join the bandwagon.
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Patron and Nasdacoin. Although it is the worst of all today, Nasdacoin has recovered by 17.33% since 6 pm. Today, the stable performance had Factom. Generally, the tokens and coins ended the day deep into red, including Bitcoin and Ethereum. 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto assets by market cap ended down 1.50%. Bitcoin closed the day down 1.38% and Ethereum even 3.00%
Factom is the first distributed blockchain technology to improve the strength of real-world business concerns by presenting a stable record-keeping system. By placing a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology guarantees a large number of real-time reports in the blockchain with a single mixture applying cryptographic separation.
Top movers of the day at 18:10 are Rock and Patron but both of them stayed at the same level as they were at 1 pm. The biggest move made Peerplays: since 1 pm it has surged by 15.41%. In the afternoon the tokens and coins were mixed but there were no big changes. Since 1 pm 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto assets by market cap has decreased by 0.11%. Bitcoin rose slightly while Ethereum fell by 0.43.
The Rock Token is an ERC-20 compliant token to be issued on the Ethereum blockchain and used and accepted throughout the GBX, GSX, and the GBX Ecosystem.
Top movers of the day at 13:10 are Rock and AMO Coin which has surged 13.01% since midnight. Generally, market breadth is growing 75 percent tokens and coins have a higher price then they had 24 hours ago. Digital Assets have rebounded last two days, so 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto assets by market cap has increased by 2.07% in the last 24 hours but has decreased 0.33% since 8 am. Bitcoin and Ether have growth by 1.97% and by 1.89% in the last 24 hours.
Nasdacoin is an encrypted and decentralized virtual, open source, peer-to-peer currency, developed with the scrypt algorithm in the POW/POS Hybrid format, allowing people with entrepreneurial and passionate financial and technological market profile to store and invest their wealth in a safe currency not controlled by any government and even earn a substantial amount of interest on the investment.
Top movers of the day at 8:10 are Primecoin and Cosmochain which has surged 31.60% since midnight. Generally, 57 percent tokens and coins were green in the last 24 hours. Digital Assets have rebounded last two days, so 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto assets by market cap has increased by 0.53% in the last 24 hours. In the same time, Bitcoin has decreased by 0.35%, and Ether has increased by 0.62%. On the chart, we can see the situation two days after the plunge.
Cosmo Coin (COSM)
Cosmochain is a complementary Company-to-Consumer platform that connects cosmetics product users and content creators to cosmetics product suppliers, including cosmetics companies, OEM/ODM manufacturers, R&D centers, and distributors.
The Dero Project has written a unique new blockchain technology that is based on the CryptoNote protocol. Dero’s goal is to create a unique state of the art blockchain technology with enhanced reliability, privacy, security, usability, and portability by bringing together some of the best-proven technologies like the CryptoNote protocol and smart contracts, thereby allowing for the creation of truly private smart contracts.
On 31st of October Bitcoin became 10 years old and the currency has much to show in this decade. In 2008 Satoshi Nakamoto, »the father of bitcoin«, authored the Bitcoin white paper, simply called ‘Bitcoin: A Peer-to-Peer Electronic Cash System.’ The publication was then sent to selected cryptographic experts, who were among the first to get to know and develop the digital currency as we know today.
There are many mysteries surrounding mr. Nakamoto and his true identity, which to this date, still isn’t known. There were some theories, that the name Satoshi is combined from companies like Samsung (SA), Toshiba (TOS) and Hitachi (HI), but there is no official proof that this may be true. However, Satoshi Nakamoto, the mysterious creator of bitcoin »dissappeared« in 2011 with a simple message: ‘I have moved on to other things’.
Looking back to the beginning, a short amount of people actually knew about Bitcoin, most of them probably didn’t even know it could change the financial system we knew, forever. Very first transactions were made to test the network, soon after, in March 2010 the first Bitcoin exchange emerged, simply called BitcoinMarkets.
One of the most famous Bitcoin transactions also happened in 2010, with a guy named Laszlo Hanyecz, who started a thread on a bitcoin forum in which he offered 10.000 bitcoins to someone willing to offer a couple of large pizzas. Back then, he would get 41 U.S. Dollars if he’d traded his Bitcoins on an exchange. For comparison – these 10.000 BTC are now worth more than 63.5 million dollars.
More infamous transactions were done on back-then-popular Silk Road, webpage with illegal things they were selling their users, which were paying with BTC. An astounding sum of $1 billion worth of cryptocurrencies were transferred through that website. At that time, Bitcoin »jumped« from 100 U.S. Dollars to $1.200, with the most noteable bull runs in history. The trend ended with two events that shocked the crypto community; in 2013, the People’s Bank of China (PboC) banned Chinese banks from using Bitcoin, and even more, when Mt Gox was hacked. Then the largest bitcoin exchange in the world, had lost 740.000 bitcoins (6% of all bitcoins in circulation). Mt Gox never recovered and the money (at least the most of it) was never been found.
Also in 2013, another milestone in cryptocurrency world emerged. A company by the name Mastercoin (now Omnilayer) became one of the first projects to build on top of Bitcoin Blockchain. First ever ICO (Initial Coin Offerings) project, raised around 5.000 BTC, what was then worth 500.000 U.S. Dollars and was a very successful ICO at the time. By 2014, Mastercoin reached 100 multiples of it’s ICO price. The ICO model burst with growth from $62.6 million raised in 2016, to $2.2 billion in the next year.
Following years, 2014, 2015 and 2016 were significant for Bitcoin and all cryptocurrencies. Few major companies started to involve, with Overstock.com, becoming first online retailer to accept Bitcoin payments. Famous rapper 50 cent sold his albums for bitcoin though collaboration with BitPay, encouraging others and impacting on understanding and acceptance of cryptocurrencies. Many retailers followed Overstock through those years, with most noteable mentions is Dell, who became highest valued retailer (revenue of $57 billion) and is still accepting Bitcoin payments for their products. Third major company to enable BTC payments was Microsoft, allowing users to use Bitcoin to buy Xbox games. In 2016, Steam, a gaming platform also started accepting Bitcoin payments.
The impressive growth exploded in 2017, with Bitcoin price boost from $1.000 in start of the year and ended being traded close to 20.000 U.S. Dollars on the end of 2017. In 2018, history was made in 4th biggest city in Slovenia – unveiling the world’s first public Bitcoin monument. A Bitcoin roundabout was financed by Bitstamp, cryptocurrency exchange that used to be based in Slovenia.
While the market was growing extremely fast, it crashed in 2018. Numerous countries have implemented bans and regulations, ICOs started to fade and some currencies dropped for astonishing 90% of their price. Crypto currencies were, and are still being criticized in the course to these years, but the community is expecting a price recovery in the coming months. Looking back, Bitcoin achieved a lot in this decade as there are thousands of virtual currencies in the market and being used by multiple companies across the globe.
Wavebase from Peoplewave is looking to bring HR out of the dark ages and revolutionise recruitment, background checks, onboarding, performance reviews and people management by utilising blockchain technology.
Two things that blockchains are really good at are transparency and immutability, something sorely lacking in the world of human resources. According to international research 56% to 85% of people lie on their resume. Some of these are small lies to perk up an otherwise boring CV, while others are outright made up job positions and performance claims.
HR departments spend a lot of time doing background checks and verifying claims job applicants make on their CVs and this is a great example where Peoplewave offer an attractive alternative with their blockchain based Wavebase platform.
Wavebase will allow Peoplewave to dramatically transform the HR industry by establishing a distributed database of accurate and verified performance and employment information on the blockchain.
As a result, employers will possess an unprecedented ability to evaluate a potential candidate based on actual, verified credentials and past performance, or even utilise the information right from the start for targeted searches of suitable candidates. In addition, for the first time, employees will get to own and take control of their performance data, even after they leave the company.
Currently the HR industry is worth around US$550 billion globally and is ruled by industry dinosaurs such as SAP, Oracle and Workday. Wavebase will allow Peoplewave to completely disrupt this outdated industry across the entire spectrum from pre-employment screening, background checks to recruitment and talent acquisition.
The company is based in Singapore and has been operating since January 2017. They have an impressive team of senior leaders with deep industry experience and impressive business accomplishments.
Something that we like to see from any ICO is a minimum viable product and a successful track record. Peoplewave delivers on both counts as they already have existing commercial products – the “First 100 Days”: a new hire onboarding tool and “Performance Wave”: continuous 360-degree performance appraisals, which you can download and test for free over at peoplewave.co. Peoplewave also boasts a robust customer base of over 450 businesses, that’s growing every day.
Currently Peoplewave has 19 team members in 4 countries with experience in technology, development, marketing, product management and user experience.
Damien has over 25 years’ experience. He is a digital thought leader, speaker & award-winning marketer. He was formerly a Global Head of Digital at Standard Chartered, CMO at Philips, Regional Marketing Director at Samsung and has a Masters in Digital Management from Hyper Island.
Phil Aldridge – Co-Founder & Chief Technology Officer
Phil has over 20 years’ experience in technology. He is the Founder & COO of FunctionEight (IT services). He has served as SME & Start-up mentor, Committee Chair at British Chamber of Commerce (HK) and has a Bachelor of Science in Applied Computing from The Open University of Hong Kong.
Eugene Lim – Chief Investment Officer
Eugene has over 20 years’ experience in digital, e-commerce and start-ups. He has ran his own ICOs and leads a fund that invested in some of the well-known cryptocurrency brands. He also conducts blockchain labs for leading Fortune 500 companies and has an MBA from the University of Leicester and is an Economics graduate from Murdoch University.
Other team members are listed on their ICO page and everyone has their Linkedin profile listed.
The Peoplewave (PWV) token will fuel the Wavebase ecosystem and form the backbone of the utility program. The ICO is currently live and offers a 75% bonus till 6 June, 17:00 (UTC +8). Unfortunately you are already late for the first stage of the ICO, which offered a 95% bonus and was snapped up in no time.
It’s great to see that the company is very active and engaging on their Telegram, Twitter and Medium accounts, so if you want to stay up to date with the project or if you have any questions, be sure to subscribe to them.
We will be doing an interview with Peoplewave in the near future, so be sure to follow us on our social media (links are at the bottom of this page) if you want to be notified of when it’s published.
As always, for more details and to contribute, please head on over to Peoplewave’s ICO page. The ICO is already live.
Former investment banker turned blockchain entrepreneur is launching a crypto platform for buying eternal life.
Whatever people think about Bitcoin, there’s no argument that blockchain is the technology of the future and if Eternal Trusts’ CEO Kirill Silvestrov has his way, it will soon be possible to purchase eternal life on the blockchain as well.
The idea behind the project is that there are over 16 million millionaires in the world today, and at least 10% of them would pay a significant amount of money to radically prolong their lifespan and improve their standard of living.
The problem that even money can’t fix yet is called aging, to which eventually even the richest people in the world succumb to. Currently it is a complicated legal and regulatory process to freeze your body or stem cells in the hope of eventually being resurrected when the technology allows for it.
Eternal Trusts company plans to bring together the necessary legal, financial and medical expertise and utilize blockchain technology’s smart contracts to simplify this process. You will be able to set up a smart contract that will place your wealth in a secure trust after you pass and ensure that once the technology is available the smart contract will automatically execute and you will be brought back to life or cured of some currently incurable disease without any third party interference.
Eternal Trusts will essentially enable high net worth individuals to buy access to future medical technology via a smart contract. How’s that for an innovative idea?
This will be no easy project to deliver from a technological and legal point of view, so the success will heavily depend on a very strong team of experts. Thankfully the Eternal Trusts team has no shortage of experts.
CEO – KIRILL SILVESTROV, MBA
Investment banker with more than 15 years of experience on C-level positions. Portfolio investor in biotech companies. MBA from INSEAD business school.
Head of Legal, establishment and administration of trusts – MARK LEA
Mark is an ex-adviser to the Government of Singapore on the establishment of trust legislation and the Trustees Act of Singapore. Under his leadership, changes and additions were made to the Hong Kong Trust Law. He is an adviser to the Malaysian government on the development of the Labuan legislation, including the Trust Law, the Associations Act, the Foundations Act. He is an international adviser to the Government of Samoa and is the creator of the new law on trusts Foundations Law & Trustee Companies Bill.
Chief Investment Officer, asset Management – BENOIT VULIC, CFA
More than 10 years of asset management experience in leading global investment companies. Experience in managing “funds of funds” and active portfolio management. Developer of the Eternal Trusts investment strategy .
CFO – ARTEM ANANYAN
Economic analysis and financial modelling professional with 15 years experience. Majors in capital markets for over 10 years now. Has extensive skills in tailoring investment projects and deals in fields of stock market, mutual investments and securitisations.
CTO – ALEXANDER GORSHENEV
Full stack developer with 10 years of experience, founder of VistaComputers, Loborato, Reflexit. Specializes in automation software, web solutions, ERPs, CRMs. More than 2 years of experience developing blockchain applications and smart contracts for ICO projects (1440.world). Leading a team of 44 developers since 2008.
Roadmap – the Minimum viable product (MVP) is already finished!
The ICO is currently in the presale phase and offers attractive bonuses.
Distrubution of funds and tokens
Eternal Trusts (PreICO) currently has a rating of 4.9 on ICOBench from 14 experts with universally positive comments.
Eternal Trusts looks like a very interesting project and with huge potential. For more information please visit eternaltrusts.io.
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