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What is an ICO?

ICO stands for Initial Coin Offering, which is a fundraising mechanism for new projects. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.  Through the process of selling their underlying crypto tokens, via a “presale” in exchange for bitcoin and ether, a company can raise funds for the development of a new application.

 

Legally, ICOs have existed in a gray area, however the Security Exchange Commission has declared: “federal securities laws apply to those who offer and sell securities in the United States, regardless whether the issuing entity is a traditional company or a decentralized autonomous organization, regardless whether those securities are purchased using U.S. dollars or virtual currencies, and regardless whether they are distributed in certificated form or through distributed ledger technology.”

The most important criteria to consider is whether or not the token passes the Howey test. If it does, it must be treated as a security and is subject to certain restrictions imposed by the SEC. In some cases, the token is simply a utility token, meaning it gives the owner access to a specific protocol or network; thus it may not be classified as a financial security. On the other hand, if the token is an equity token, meaning that it’s only purpose is to appreciate in value, then it looks a lot more like a security.

So what do I do with this information?

There are many companies that have created ICOs and more are being created everyday. If you were to find a company and a project that resonates with you and your vision for the future, you could invest in them by participating in their token presale.  This would not only help fund their project, but it would also get you a large amount of their tokens at a very low price.

When a project launches their tokens on the exchange, and it is a success, the price of the tokens rise exponentially. For example, say you participated in a presale for an ICO that gave you 10,000 tokens for $.10, then the token becomes popular and other people start to invest, making the price of each token rise to $1… You would profit from you investment.

The key is in the ICO you choose. There are many people out there promoting their ICO picks based off of knowledge gained through experience in the market, I suggest doing your own research made up of different ICO “pickers” and companies offering ICO presales. There are some ICOs that United States citizens can not purchase, make sure you read the white papers and any information the company has posted.

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Cryptocurrency Divine I Am Existence Most Popular

BACKUP your Wallet!

There was an issue in my close circle that I need addressed IMMEDIATELY here…
when using any type of wallet to hold your cryptocurrencies you must save your wallets private key, password, and 12 word phrase.

Full node desktop wallets will prompt you immediately to save your 12 word phrase, and will even ask you to re-type it before moving on…. when using an extension wallet you must go and find your phrase and back up your wallet yourself. They will tell you once, make sure you back up your wallet, but they will not show you without you taking the proper steps to find it.

This is the most important thing to realize when we use third party services like Jaxx, Coinbase, Etherdelta and so on…they are still in control of our funds… I realized this week when I moved my BTC from Jaxx, they wouldn’t allow me to take out all of my BTC… they said I needed to keep about $3 in there in order to have gas for transactions.

This has me realizing that by using these 3rd party services…I am allowing them to be the custodian of my $, and I am taking the beneficiary role.

We need to put ourselves into a situation where our finances are SELF-DIRECTED.

Doing so means to download full node desktop wallets like Electrum BTC, Electrum LTC, Ethereum Desktop wallet, or a hardware wallet such as a Trezor, or Ledger. While keeping your information backed up in multiple locations and in multiple ways.

We are learning as we go… we learn from our own mistakes and the mistakes of those around us. That’s what this community is for… we trust each other and are here for each other through it all, learning and growing together.

Do not let the fear hold you back…
We’ve all lost money before, we’ve all made mistakes, we’ve all given our power away… but now is the time for us to get through these trials and learn how to be in total control of ourselves.

 

If you haven’t backed up your wallets and
written down your private key, password and secret phrase…
do so now

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Cryptocurrency Divine I Am Existence Revealing Treasures in your Own Backyard Southern York Video

Creating an Ether Wallet… step by step video

Ethereum plays a huge part in the current and upcoming digital world.

The vision is that ethereum would enable this same functionality to people anywhere around the world, enabling them to compete to offer services on top of this infrastructure.

Scrolling through a typical app store, for example, you’ll see a variety of colorful squares representing everything from banking to fitness to messaging apps. These apps rely on the company (or another third-party service) to store your credit card information, purchasing history and other personal data – somewhere, generally in servers controlled by third-parties.

Your choice of apps is of course also governed by third parties, as Apple and Google maintain and curate (or in some cases, censor) the specific apps you’re able to download.

 

The idea is that one entity will no longer have control over your notes and that no one could suddenly ban the app itself, temporarily taking all of your notebooks offline. Only the user can make changes, not any other entity.

Coindesk

Ether can be used to underpin any sort of computer application you can imagine. The use cases for the ethereum network are only limited by the imaginations of application developers. For example, people are developing apps for energy distributiondigital advertising, and a digital marketplace for unused computing power.

The main selling point of decentralized applications, or dapps, on the ethereum network is that they can be run without a central authority facilitating the transactions.

Dapps, because they’re based on smart contracts, also allow for a relatively easy model of collective ownership and even governance using what are known as “tokens” or ICOs.

The key to the Ethereum blockchain is that communities can create ecosystems that support one another through collective ownership.  Entrepreneurs can create tokens to exchange their goods and services with one another through these ecosystems. This is real self sovereignty.

With that being said, creating an ether wallet is your first step.

I recently uploaded my first video on YouTube that walks you through creating an ether wallet, check it out below.

Migwetch <3

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Will Power

Will power… the power to act upon your will.

I will to create
I will to paint
I will to teach
I will to facilitate
I will to share
I will to love
unconditionally

What is your will?

Donate ETH: 0x869C02bAF1cE395f434FEE34f5650e5bB62a42Ab
Donate BTC: 1GyAhFLq531occEzEkfSrxsuFrva1UqSMp

 

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Cryptocurrencies

For the past few months I have been intensely learning all I can about cryptocurrencies. If you have no idea what I’m talking about, you might have heard of Bitcoin sometime in the past few years and a lot more recently.

Most people hear the word Bitcoin and automatically have an anxious feeling, or have no idea what it is. When I share what I’ve learned with some close friends I get questions like… What is Bitcoin? Is digital currency safe? Whats the point?

So I decided to share my experiences and what I’ve learned so far. Through a number of blog posts I will be discussing what cryptocurrencies are, how they are used and what it means for each of us.

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
“decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation”
Basically… what makes bitcoin so revolutionary is the technology itself… not so much the coin. Though the coin is valuable as well, to me its the block-chain and smart contract technology that make it so.
Block Geeks explain Blockchain technology really well…
blockchain
I urge you to look into block-chain and cryptocurrencies.  Our financial future will not look the same in 10 years, what better time to get started then now.
In order to purchase some cryptocurrencies you will want to create an account with an exchange depending on where you live…
For example, in Europe, you can use:
  • Bitcoin.de
  • Kraken

USA

Asia

  • OKCoin
  • BTCChina
  • BitFlyer
You can use this link to set up a Coinbase account. Begin investing with a top performing currency like Bitcoin or Ethereum first… and then just breathe… it can feel a little overwhelming and scary at first, however you got this. You have the ability to stand in your full power as a self sovereign individual.
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