ICO project based on Ethereum

1. Ethereum is a new and open blockchain platform, which allows anyone to build and use decentralized applications running through blockchain technology in the platform
just like bitcoin, Ethereum is neither controlled nor owned by anyone - it is an open source project created by many people around the world. Different from bitcoin protocol, Ethereum's design is very flexible and adaptable. It is very easy to create new applications on the Ethereum platform. With the release of homestead, anyone can use the applications on this platform safely
Ethereum is a programmable blockchain. It does not give users a series of preset operations, but allows users to create complex operations according to their own wishes. In this way, it can be used as a platform for many types of decentralized blockchain applications
in a narrow sense, Ethereum refers to a series of protocols that define a decentralized application platform. The core of Ethereum is Ethereum virtual machine (EVM), which can encode any complex algorithm. In computer science terminology, Ethereum is "Turing complete.". Developers can use the existing JavaScript and python as the model of other friendly programming languages to create applications running on the Ethereum simulator.

2. ICO generally refers to the erc20 token of the smart contract based on Ethereum, which is exchanged for the token of the project party through the contract to eth

3. What was the situation of Ethereum ICO at that time - bitcoin Forum

4. In short, the current ICO is based on the currency issued by Ethereum, as long as a smart contract is established on it, and financing needs to publicize your contract address, so that others can automatically exchange your currency when they call eth. Finally, it is said that domestic ICO is prohibited

5. No, it depends on what kind of money you are digging. There are video card machines and chip machines,

6. Although the current ICO market is very chaotic and wild, the positive side is that some excellent methods for creating and evaluating ICO are emerging
however, in the coin circle, it is important to use bitcoin ICO, and then the platform will send some tokens to users. However, the price fluctuation of these tokens is very large. Now the profit possibility of this model is relatively small. Another is the European crowdfunding model. Crowdfunding projects issue tokens, which exist as asset certificates and have a fixed dividend mechanism.

7.

ICO is the full name of initial coin offering, short for the first public offering of digital token, which imitates the IPO of the stock market. That is to say, the project sponsor can obtain financing by issuing initial token through blockchain technology, but the initial token cannot be purchased in legal currency (RMB, US dollar, etc.), because it violates the laws and regulations of various countries on financing, and needs to be purchased with digital assets with good liquidity such as bitcoin and Ethereum

At present, the supervision of ICO needs to be improved, which requires us to be careful in screening I

"in fact, there are only a few criteria for evaluating projects. Is it a real blockchain? Is it necessary to use blockchain? Has the team really been engaged in the development of blockchain Technology (many people have fake resumes, blockchain technology is still difficult, and there are not many mature technicians)? Is there any entity registration (to prevent runaway) Lu Lihua, head of the world wide chain market, said

at the same time, a full and accurate white paper is very important. Generally, there will be a brief introction in the white paper, which will tell you what problems to solve, what is the principle behind, what is special, what is the value, how to divide the financing token, how to use the token, what are the ICO rules, what is the background of the team, and whether it is a project that can be implemented. Interestingly, there was an ICO project white paper before that, in which Satoshi Nakamoto's name was written as Zhong bencong, the degree of deception was astonishing

of course, even if the above elements are complete, ICO projects still have risks. After all, future technologies will take a long time to test

8. We need to set up entities in countries that allow ICO, then find law firms to give opinions, and then write white papers, which is quite troublesome. It is suggested to outsource to Siyi unicorn, who is very good at this aspect