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Ethereum's blockchain technology based on the Proof-of-Work (PoW) algorithm and now it is planning to switch to Proof of Stake (PoS). That's why we create Contractium, which is based on Ethereum with the Proof-of-Contract (PoC) algorithm.
We believe in the next generation of smart contracts and we are building an ethereum-based smart-contract technology to secure commercial deal between contracter and contractee on internet with Proof-of-Contract protocol.
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dmist the crypto fever, Initial Coin Offering (ICO) has emerged to startups as an “unregulated means by which funds are raised for a new cryptocurrency venture” (Investopedia). Throughout the ICO sessions, tokens issued by the firms will be offered to enthusiasts and supporters in exchange for legal tenders, and/or other high cap cryptocurrencies like ETH or BTC, for later investment activities. As such, ICO is very similar to the mechanism of crowd-funding, mobilizing capitals from the public that encompasses a high level of trust from investors.
A successful ICO meets the targeted amount of money to undertake the venture, which means the core team should know how to boost the demand of investors as much as possible. Hence the utmost mission for a victorious ICO is to win the trust of investor at the get-go to prove that the firm is bona fide.
Whitepaper tips
A professional whitepaper should kick-start the project to provide investors an official document providing persuasive, clear and comprehensive information of the project to enhance the firm’s credibility. Obviously, investors must aware that the team is holding their money without regulated contracts. It is crucial for buyers to also acknowledge the characteristics and functionality of the coin they are investing, the potential risks, and the benefits of the network.
Therefore, according to Principal 1 of the A Securities Law Framework for Blockchain Tokens (SLFBT), the whitepaper should be a detailed plan that
