Why 2020 is the time for MEGA-ICOs?
The money raised through an ICO has been on a roller coaster ride for most of the time so far. With huge deals that came in the first half of 2018 where the average initial coin offering (ICO) raised USD 25.5 million. But this number fell to USD 2 million in 2019 and most ICOs in 2020 are raising anywhere between USD 500k — 1M. It is as if the ICO/crypto market has come to a halt.
This article will explain to you why now is the best time for ICO to be back in the game!
What is happening right now?
We are living in an unprecedented global health crisis caused by COVID-19, and no country in the world is an exception. During this pandemic, it is vital to stop the spread of the virus by limiting travel and gatherings which represent an obvious risk of spread. While many countries, like France, are in confinement for an indefinite period, but what about the aftermath?
The Impacts
- The first, that are going to be impacted are unfortunately humans than the economies. This is seen during the elections in France, that many people did not vote due to the fears of the virus spreading, thereby limiting the potential of democracy.
- This current situation is unprecedented and many companies are not at all structured for working from home and to even make it more complicated, the internet and telephone communication networks are saturated than ever before.
- The constraints necessary to prevent the spread of Coronavirus come through measures limiting physical contact between humans. Exchanges and remote transactions (purchases, teleworking, conferences, etc.) were first advised and are now imposed. Several million employees are now working from home. Many more consumers are turning to online shopping orders. There is a huge security risk for individuals and sometimes countries if everything is dependent on the internet.
What have we learned from previous recessions?
We are now in a recession, and if you are like most investors you want to find some of the best investments that are recession-proof. This recession caused by COVID-19 is expected to be worse than the ww2 recession. But during the recession, what we have learned is that it is always the latest innovative technologies that bring people back.
For example, after the,
- 2000–01 recession: Google, Amazon, Adobe, eBay, …
- 2008–09 recession: Uber, Airbnb, Slack, Pinterest, WhatsApp, Square, Venmo, …
- After the COVID-19 recession, companies in the blockchain space are going to bring people back to a better, robust economy.
Along with this, countries like the US, Europe, India, announced gigantic relief packages worth trillion that are going to devalue the currencies and in fact create huge inflation. Do not be surprised if a developed country becomes like Venezuela due to hyperinflation. (Especially, if COVID-19 stays for a year and countries keep on printing money…).
Blockchain is the solution for the Pandemic!
The most effective is the use of blockchain to manage exchanges and transactions remotely in real-time with transparency, security, and reliability.
However, this blockchain must be able to manage all transactions from a country or even from the entire planet in a few seconds, and that the identity of users must be proven to be unfalsifiable without exposing it to the risk of fraud, or diversions.
Today, many things can be performed online, but all the transactions made are based on 3rd party trust. If you send money you trust the bank, if you buy groceries from Amazon you trust Amazon… But the times have changed where any secure network can be compromised in a matter of seconds and any other person can do transactions on behalf of you. Hence, there needs to be a certainty that it is you and no one else does transactions on your behalf.
Blockchain can definitely ensure all these without the risk of identity theft, provided it is paired with a tamper proof biometric technology and has internet access.
Archethic Blockchain and Biometrics are the best!!!
For 5 years, Archethic has been aware that the future of our planet will depend on better management of network flows in order to better control our carbon footprint and improve our daily lives by allowing everyone to spend less time in commuting to the office, thereby spending the time saved with family, friends, hobbies or causes that we think are right and hence ensure an overall increase in the quality of life in general.
The Archethic blockchain was designed in this sense by being able to manage more than 1 million transactions per second and consuming 3.6 billion times less energy than a Bitcoin so that everyone can use this technology with confidence. has also developed a technology that protects both the identity of users in an inviolable manner and without any key/data storage while ensuring maximum interoperability (FIDO2 / W3C) through the Uniris Biometric device.
The two solutions, Archethic Public Blockchain and Uniris biometric authentication have been validated to allow forgery-proof authentication without privacy disclosure.
The validation is led by the Strategic Committee of the Security Industries Sector (CSF) part of the French National Council of Industry which selected Uniris to contribute to the security of major events such as the Olympic Games Paris 2024.
What is an ICO? Why invest in Uniris ICO?
ICO is the process of issuing a public coin or token. It is very similar to companies entering an IPO by listing in a stock exchange, such as NYSE, BYSE … Coins or tokens are similarly issued on the blockchain. But unlike shares, which reflects the ownership of the company, tokens represent the utility that is valuable within a particular network created by the company issuing it. Tokens do not represent ownership, they constitute value created by the network.
This is even shown by Metcalfe’s law, where the value of a network is proportional to the square of the number of connected users of the system (n2). i.e. more users = better network.
Hence,
Token Price = value of the network / total number of tokens
This also implies that the success of the project increases the utility of the token, causing its value to rise. Thereby also increasing the number of users.
Why Uniris ICO is in demand?
For example, considering an event such as the Paris Olympics 2024, which alone brings together 8 million people. By 2024, 75% of UCO will be available out of a total supply of 10 Billion UCO.
Value of a network => (no of users)² (approx (8 + 2 million)^1.5 )
Value of Archethic network => (10 million)^1.5 => € 31.6 billion
Value of 1UCO => €31.6 billion / 7,5 billion UCO => € 4.2/UCO.
700X increase in the value of UCO (Now UCO is sold at €0.006/UCO)
That is why we believe that Uniris ICO will be a MEGA-ICO.
If you would like to know more or participate in Uniris ICO, send a message ico@uniris.io
Archethic Public Blockchain
Archethic is a Layer 1 aiming to create a new Decentralized Internet.
Its blockchain infrastructure is the most scalable, secure & energy-efficient solution on the market thanks to the implementation of a new consensus: "ARCH".
Archethic smart contracts expand developers' boundaries by introducing internal oracle, time-triggers, editable content & interpreted language.
Through native integration for DeFi, NFTs & decentralized identity; Archethic offers an inclusive and interoperable ecosystem for all blockchains.
In order to achieve the long-term vision of an autonomous network in the hands of the world population, we developed a biometric device respecting personal data privacy (GDPR compliant).
Making the blockchain world accessible with the tip of a finger. Be the only key! https://www.archethic.net/
Archethic Foundation Non-profit in order to manage decentralized governance of the public blockchain
Do you want to learn more?
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