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  • Facebook Libra announces its 21 members, down from 28 [Forum Post] Facebook announced their 21 members after losing 7 in a short span, most of them being payment type companies. More below: https://www.cnbc.com/2019/10/14/facebook-forms-its-cryptocurrency-council-after-key-backers-drop-out.html
    36 views 0 comments Most recent by karl Blockchain Tech
  • chainBLX Digital Ledger and Token Creator Available for ICO/ITO and Startups [Forum Post] Press release: https://www.newswire.com/news/chainblx-digital-ledger-and-token-creator-available-for-ico-ito-and-21015847
    142 views 1 comment Most recent by karl Others
  • chainBLX: LA Blockchain week cocktail party [Forum Post] We cordially invite you to join us for our party during LA's Blockchain week on October 16, 2019. Register in the link below to join us at our networking cocktail party. https://www.eventbrite.com/e/blockchain-mixer-hosted-by-digitaldavos2020-chainblx-tickets-76178444779
    168 views 1 comment Most recent by karl Others
  • Submitting Claims [Forum Post] Hello everyone! Just wanted to make a forum post to address the claims process. First, only Bounty Hunters can submit claims on a whitepaper. If you registered as anything other than a Bounty Hunter then you are not able to submit claims. That being said, you must be a Bounty Hunter with over 50 likes to be able to submit claims on a whitepaper. Please watch the instructional video at the following link to see how to submit a claim on a whitepaper https://chainblx.io/index.php?p=/discussion/57/ Once a whitepaper has received accreditation, you can no longer submit claims on it. You can still post comments on the whitepaper but claims will no longer be accepted. Claims entered on a whitepaper page as a comment will not be considered a claim. Thank you
    92 views 3 comments Most recent by PierreAlexandreH News
  • IEO: What do you think about IEO's? [Forum Post] Copy and pasted article from Medium: https://medium.com/@henryfudge/ieo-a-no-go-710fb268497d IEO- A no go. Henry Fudge Apr 10 Recently we have seen a massive increase in the popularity of IEO Projects with the Binance Launchpad. Some have Exalted this as the revolution of the market, thinking that it will excel us beyond the 2017 ICO Hype, When we were all talking about where security coins would benefit the market, IEOs were born, while Security token hype seems to fallen off somewhat. With MultiVAC raising over 3.44m in 7 Seconds, its hard to deny what the market is pointing towards, However, I feel as if IEOs still do not address the core concerns of the blockchain market. While it is somewhat an improvement on the ICO in terms of due diligence, with the exchanges staking their reputation on the issuance backing the project, and that there is liquidity at an earlier date, there are still a number of failures here. 1 Centralized There has never been an IEO from a Decentralized exchange, all funds are received by a centralized institution, all transfers are conducted by the exchange not blockchain, the exchange manages all of the wallets, in fact, you technically do not even own the tokens. While there has been a constant increase in the professionalism and regulation of exchanges, I still have a jaded memory of the days of the exchange leaks and hacks, its not a matter of not liking exchanges in general, simply that having a single point of failure is hardly ideal, and for the Blockchain purists, they simply hate it as it is entirely centralized. The problem here would be that because so far we have seen only ETH IEOs, we have a potential Gas War coming when we get this on to Decentralized exchanges to conduct the IEOs, 2 Investor Behavior Because of the nature of the pre-sales and incentives for early stage investors, without significant lock ups, the initial investors simply dump the tokens off for an immediate profit leaving the tokens trading below issue prices. MTV price activity from ICO…Thats a big OOOOF my guy. Just look at Multivac, its down 65% from IEO…Ouch. With this kind of investor behavior, without prior announced lock ups, why the hell would you ever buy in at the start of the IEO? The structure of discounts and pre-sales incentives investors to delay buying in until far beyond the IEO once the ‘dump’ is priced into the market, meaning that over time we will naturally see a greater failure rate amongst IEOs than even ICOs. 3 Its still not a security The coins are used for a native platform, they have no underlying asset, they guarantee you nothing and the firm has no obligation to maintain the price of the assets. Regardless of a green-light from Binance Launchpad etc, the tokens mean nothing unless the platform is successful, and even if the platform is successful, the token can still be worthless it is utter speculation. 4 Do they really check it that much? While there is a reputation risk of the exchanges in hosting an IEO, it is rather minimal, in the case of a scammer slipping through the net, its simply a blame game, they will pass on the blame and ask for forgiveness from their clientele, who have rather significant loyalty, particularly in the case of Binance and KuCoin, in short, the cost for them for a shitcoin slipping though the net is essentially minimal in the unregulated world of tokens. While they might, have a brief look over it, what are the incentives for the exchanges? Exclusive access to hyped projects and new clients. If you have an incredibly hyped project that could bring the exchange thousands of new users, do you think they will let you run to the competition because they think one part of your plan isn’t as robust as it should be? God no, they will compete over the hype projects. They are still getting paid their exchange listing fee by the project, which is sheerly extortionate. there is a set of incentives in the market of IEOs that inherently destabilize the market and its quality, it is a never ending spiral of hyped trash hitting the market. While I have no disagreements with KuCoin and Binance, they seriously need to publish and abide by strict guidelines on the acceptance of these IEOs or else there is a doomed market coming again. These are the core reasons why when I wrote about my TISTO mechanism. (Trade Initial Security Token Offering, check out my article below) TISTO: How to make Security tokens work for investors “It would be wonderful if we could avoid the common setbacks with timely exits.” — Peter Lynch medium.com It is a regulated security tied to an asset, its not just a gamble on the supply and demand dynamic of a token for a platform that isn’t even operational yet. It is conducted by regulated entities, such as SIX exchange, CBOE or ICE. It isn’t some jump start exchange with a history of leaky bank accounts and hackers backdoors. If you did want it conducted by a fully digital exchange, they would still require regulation, by the red tape it is a safer option. They have guidelines, you have FINMA, FCA, SEC so on so forth signing off before its issued. It is an adherence to quality and a move away from the negative incentives to pump shitty projects. During this crypto Winter, we were Buidl-ing, working on promoting quality, getting mainstream adoption, then the IEO arrived in the Hype cycle to destroy all the good progress, it isn’t an innovation, it isn't a revolution, it isn’t a step forward, watching this market hype IEOs is like being in a crypto Groundhog day reliving the doomed hype of ICO’s. Its an Exchange based Coup D’etat, with the titan exchanges taking exclusive centralized power over a market who’s entire purpose was decentralization, a Crypto night of the long knives just happened and no one seemed to notice, killing Decentralization as a driving force in the market in the Crib. In Summary, IEOs are absolutely daft, investing in them will more than likely lose you money, and the incentives in the market make sure that a slew of worse projects will come to the market through them. Get back to the Drawing board, Buidl something actually innovative.
    70 views 6 comments Most recent by MX10178 Others
  • General points concerning Whitepapers and Business plans [Forum Post] We were asked last week from multiple people to give some general advice. Here it is: All of these points can be included, you could choose to only use some if you like. It depends on your business plan or whitepaper. This is just a summary of possible items you can include within your document in no specific order. In General, be careful with statements which are based on limited research on your part. For example, “we are the first company to do this.” This statement is dangerous, it is not possible for you to conduct such a diligent search to know that there is another company which is doing something similar or the same ( e.g. probably some company in another country does the same and you did not catch it as the information is provided in a foreign language). If some statement like this would be found, it could lead to full release of the bounty. Only say you guarantee something if it is true. If so, please provide examples or evidence with the guarantee. An example of a situation like this is that you make a guarantee that 10 million will be given, backed by insurance, to investors if the CEO dies. Also it is given that forward looking statements are based on assumptions. It is much safer to write “we aim” or “our goal is to reach 10%” instead of an absolute statement like “we will”. It is good practice in business plan to not rely on your own research but as well on 3rd party research. You must mention where you got this research. It will increase credibility and show that you can provide references. All in all, please be honest. You want trust, trust is built by being transparent. When people find out a secret or wrongdoing, trust is dramatically reduced. If a pattern of this behavior is found, claims can be filed. Description of ownership or contractual relationships necessary for different parts of the business models • Proof of ownership for all assets involved • Proof of licensing, right use if third party assets are involved (exclusive, non-exclusive use duration) Legal requirements and proof of compliance. • Type of enterprise (LLC, INC, etc.) • Exemption filing for capital raise or other necessary documents • Necessary certification (if not obtained proof of filing to obtain such certification or any other proof that shows that the certifications are currently in pursuit Competitive analysis • What sets your business apart • What is the market size/s (proof with links) • Who are the competitors Firms operational structure • Who is doing what and prove that they are able to-do so • Prove that those people mentioned are on board Use of funds • For what the money is used in detail • What is the deadline for funding • What happens if some money is not obtained in a timely manner • Provable milestones to release more money. How do you intend to prove that the milestone was met Disclosure of all risks and how you try to mitigate the risk Marketing plan • How is your brand setting itself apart? • How is the distribution chain controlled to the end user? • What are the steps to market and foster business relationships? o Method of approach, direct sale, conferences (including schedule and cost ) o Website and social marketing (legal regulations in marketing product) How your firm is using technology to gain competitive advantage ? Management Team • Track record (past successes) • Command structure and ownership • References Finances • Hard cash invested provable if necessary through bank statements. We don’t expect you to publish your bank statements. • Past revenue numbers provable through bank statements or tax returns • Compensation of executives and major employees • Financial forecast (detailed description of the methodology used ( stated what is an assumption what is backed up through public available data ) • How and when will the investor get paid • Rights of the investor (to control compensation of other owners and rules against future dilution of the investors property) This list is only indication of what a business plan would be beneficial to include but there is also other information which would be good to include. These are just tips, you could include more or other points. It is up to discussion if you think there are other items that should be mentioned in business plans, please reply with those items.
    128 views 4 comments Most recent by Weedlover Blockchain Tech
  • Welcome to the ChainBLX forum! [Forum Post] On our forum you can discuss anything pertaining to ChainBLX. We recommend you read our Rules and our Business plan to better prepare yourself for our site. Rules are especially important since there we state everything you need to know about being a user on our site. On the forum, you will be able to post questions and get answers from the community. Feel free to post your comment or start a discussion. If your discussion/comment is similar to another post, we could point you in that direction or even move your comment into the discussion we recommend. You will be able to discern Forum posts from other entries on the site by the following: [Forum Post] Entries marked with this are forum posts and are not whitepapers/news articles which seek accreditation.
    78 views 5 comments Most recent by seedbountyhunter12 Blockchain Tech