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This project is aiming to disrupt Multi-Trillion-Dollar industry

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Multi-Trillion-Dollar crypto market

Going public is almost as difficult as making it big in Hollywood or Multi-Trillion-Dollar Industry. Many a talent just ends up waiting tables and fizzles out without ever shining – all because they did not have the right connections. In an acting career – this lack of connections only hurts the person’s aspirations.

However, in a business world – privileged access to capital affects business, lost employment opportunities and customers who never know what they missed.

That’s just one aspect of the status quo of the current stock/capital market, there are many other problems:

  • The biggest problem is the lack of access to capital to Micro, Small and Medium Enterprises
  • A great many hurdles and complications to go public
  • Investing opportunity access is limited to venture capitalists and accredited investors, that means, a common man will never be able to get on the ground floor of projects with potential
  • Huge commissions, as much as 7% of total capital raised
  • Even after raising money via IPO, the sheer amount of wait time from IPO to trading on the stock market is just ridiculous (estimated 2 years)
  • Traditional financing options like banking finance, private equity, recent crowdfunding is really not optimal and carry many red tapes and high fees

We know there are problems. Many problems.

The business world has come to accept these unacceptable-redundant-costly-restrictive ways of raising capital. While ICOs have solved this problem for some part – it is not a panacea to the problems associated with raising capital.


Biggest problem with ICOs is answering the question of what if the company’s business model does not require a token?   If a company raises money knowing that it doesn’t need tokens – it is certifying that it is raising money using securities but without following the rules and protocols. 

That is a one-way ticket to SEC slamville.

And we know with certainty that most ICOs either do not have a blockchain use case or any utility for their tokens.  The ICO fever is fizzling out but the blockchain use cases are just getting discovered.

What is the answer to this multi-trillion-dollar problem?

WeOwn (CHX), our pick today, aims to disrupt and challenge the status quo of traditional ways of raising capital. They are building a platform to make raising capital as simple as ordering a pizza. Think of it as Uber for business capital. Of course, we are exaggerating to make a point.

Cryptotapas contacted Own’s team for their comment in describing their platform, and in their own words, We see ourselves as a servicer and not just an issuance platform. Whilst we do offer and manage primary issuance of financial asset backed tokens, we provide many other services after the issuance event: we manage investor and shareholder data (on our Decentralised Share Register), we manage the dividend disbursements, we create and generate tax and financial reports for both issuers and investors, and we support and manage corporate actions and other events.

Own team is bringing the complicated process of raising fund for companies of all sizes onto an app that records transactions on a Blockchain.

Here is how the existing process (simplified) looks like when raising capital by issuing shares.

Own cuts down the intermediaries and makes this process much simpler and easy to access to retail investors.

Source: Own whitepaper

Share register

One of the key administrative issues that Own solves, beyond helping raise capital, is to help maintain share register once company raises money.  Right now, companies use all sorts of spreadsheets, databases, third-party vendors, to keep track of the share register (record of ownership status including changes in ownership).  This is a painful task but companies have to comply with the mandatory rules that span across many countries around the world.

How will you communicate with your shareholders if you do not know who holds your shares?  That’s the purpose Share register accomplishes.

Then there is an issue of paying dividends, communicating with shareholders, collecting votes, most of which is currently handled in inefficient traditional ways.

Own’s platform can automate all of these tasks and in the fraction of the time and cost.  Remember, Own is a single platform that connects both the investors and the company.


Team

Own was founded by a core team that has worked together in the share registry and financial services industry for more than fifteen years.”

Sascha Ragtschaa, the CEO, has an impressive profile.  He has direct experience in dealing with the share registry. He says Own is aiming to be “beautiful app with real purpose”.

Their COO, Florian Batliner-Staber also comes with an impressive profile.

We are impressed with the team that has come together to work on Own.  <Click on the profiles to learn more about the team’s background.>

Tokenomics

Users of the platform are required to lock up a reserve of CHX tokens for the life of equity issue cycle.  CHX is also used as fees for those users who decline to share their data.   CHX is also used to acquire user analytics.

Investor communication on the platform will incur fees in CHX tokens.

While there are many ways to create organic demand for CHX tokens – it heavily depends on the adoption of the platform.  While that is the true definition of a utility token – Crypto community has come to expect more (PoS models, for instance).

In the grand scheme of things, the total supply of 168 Million is not a lot when you start onboarding clients that are looking to raise capital of all sizes.

One of the only projects to take data security seriously

In the realms of cryptosphere, everyone seems to be focusing on either speed to land or ‘making a quick buck and speed to flee’. Most projects never address the issue of security of data.  We are glad to see that Own team has thought through the security aspect and have a separate technical whitepaper addressing just that.  They are also planning to undertake independent audits by accredited parties.

Why not Polymath?

Multi-Trillion-Dollar

Our readers know that we have picked Polymath before. Why then are we now picking Own that seems to be operating in the same space?

The answer to that question is two-fold:

  • Market size: the traditional stock/capital market is ripe for disruption and has space to accommodate 100s of players without breaking a sweat
  • Team and vision: we like the team and vision behind Own as much as we liked the hustling nature of Polymath
  • End to end lifecycle: Own’s team commented, “Issuance platforms focus on a one-time event, we manage the full end to end lifecycle from creation and management of a shareholder and investor base. In addition, we support a number of secondary marketplaces, and we are also going to create our own (exchange).”

Addressing the business risks

Own’s whitepaper addresses the business risks associated with investing in the tokens.  We recommend that you read all of them.  We are glad to see risks being addressed within the whitepaper.  This shows that the project is not run by some wannabees or business amateurs.

Regulatory lag

We are not there yet from a regulatory standpoint.  We still have a lot of hoops to jump and it may not be another good 2-5 years before Own’s vision becomes a business reality.  Since they have MVP available for people to use right away – it could be sooner, if regulatory authorities respond on time and provide clarity.

We wish Own very best in disrupting the traditional market to make capital more accessible to Micro, Small and Medium Enterprises while reducing costs of raising capital for big enterprises.

Thank you for reading this article.

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Multi-Trillion-Dollar

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IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind.  This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

About the author

RK Reddy holds two Masters degrees, one in Accounting and another in Business Administration with over 15 years of experience in the financial services industry.

RK Reddy is an ardent fan of Blockchain and Cryptocurrencies. You can see the excitement about this new technology in every article on Cryptotapas.com.  Sometimes this excitement leads to an overly optimistic view. Guilty as charged. RK Reddy says what may seem like an ‘overly optimistic expectation’ today may become an everyday norm in 5-10 years; look at the history of cars or airplanes, Blockchain and Cryptocurrencies belong to a similar frame of reference.”  Of course, that is just his opinion.


CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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CryptoSpace

Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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