An Overview of Initial Coin Offering (ICO)

ICO is a means of raising funds in unregulated means for different cryptocurrency ventures. It is something that startups use so as to bypass the regulated and rigorous capital raising process that banks and venture capitalists require. In such a campaign, a given percentage of the cryptocurrency is sold to the project backers very early for other cryptocurrencies or legal tender.

How it is done

When a firm wants to raise money using the initial coin offering, there needs to be a plan on white paper stating the details of the project. It should outline what the project is about, what the project needs, what it aims at fulfilling completion. It should also state the money that will be needed so as to undertake the whole venture and how much pioneers will get to keep.

The plan also has to mention the kind of currency accepted and how long it intends to run the campaign. During such a campaign, the supporters and enthusiasts of the initiative will buy the cryptocoins using virtual currency or fiat. The coins are called tokens and are very similar to company shares that are sold to investors during IPOs. If the minimum funds required are not reached, then the money is refunded and the whole ICO is then considered not successful. When requirements are met within a set timeframe, the cash can be used to initiate the scheme or even complete it if it was still progressing.

The investors who take part in the project early are mainly motivated to buy crypto coins hoping that the plan will be successful and after launching they will get more value from it. There have been very successful projects of this kind in different economies and that is one main thing that motivates investors.

Similarities

ICOs can be compared to crowdfunding and IPOs. Just like the IPOs, a stake has to be sold by a startup company so as to come up with funds that will aid the operations of such a company. The only difference is the fact that IPOs deal with investors while ICOs work closely with supporters who are very keen about new projects just like the crowdfunding event.

However, ICOs are different from the crowdfund in the sense that the backers of ICOs are usually motivated by the fact that they may get a great return on the investment. The funds raised through crowdfunding are basically donations. It is for this reason that ICOS are referred to as crowd sales.

There have been many successful transactions so far. The ICOs are an innovative tool within our digital era. However, it is important for investors to take precaution since there are some campaigns that can turn fraudulent. This is due to the fact that they are highly unregulated. Financial authorities do not take part in this and if you lose funds through such initiatives, it is hard to follow up so as to get compensation.

To this effect, there are some regions that do not allow the use of ICOs at all. It is important to only buy such currency from trusted sources so as to be safe.

Based on how ICOs have expanded over the past year, it shows that there is great potential. ICO marketing agency can get you involved in some of the most successful campaigns so as to get the best returns on investment.

Finding Free Online Games Is Simple

Game developers are finding new ways to get their ideas into the hands of the public. Any search engine can steer you in the direction of stick games, adventure games, or even murder mystery suites. This is a great way to get computer game entertainment without spending any money. Many times, the games are Flash based, which allows users to play the complete game without downloading anything. When you can sit at your desk or on your laptop and play free games, you learn which development companies are on the cutting edge of the industry and can reap all of the benefits of free entertainment. In today’s economic climate, isn’t free fantastic?

Search Engines Can Help

When you utilize a search engine to find free games, you are not tapping into just the specific game title. In fact, you can search various genres or designers, and in many cases, you will learn about companies that you never knew existed. The larger gaming companies that charge upwards of $50 for titles have an army of developers at their disposal, which explains the high cost of the game-play. Smaller development companies often have unique takes on classic gaming styles, offering up simple yet entertaining modules that are playable 24 hours a day. Stick games, for example, have become very popular, and though the animation is simple, stick figures can be hilarious when they are performing different actions or acting out storylines.

Ingenuity Always Reigns Supreme

Consider the amount of time that is put into the graphics that many gaming companies release. The expense is passed onto you, which we explained before, but they are also sacrificing gameplay or story development to bring you incredible visuals. This isn’t where you will find new takes on gaming styles. Instead, these online game providers are taking chances with various gaming techniques and are not relying on the graphics. Instead, the gameplay is the focus. Nothing can spark a gaming revolution like experimentation in gaming styles. Many titles that are popular for PlayStation or Xbox have developed various gaming techniques by getting feedback from online gaming platforms. In essence, in playing, you are helping to shape the future of gaming.

Setting the Bar With Stick Games

From classic hangman to fully executed adventures, stick games have become one of the preferred methods of flash or online gaming modules. You can create an incredibly interactive and exciting game, but that does not take the fun out of the classics. And, because so many developers moonlight as online creators, you are getting quality time with some of the industry’s most brilliant minds. When playing, be sure to let the designers or creators know what you think. It will help them create games that users enjoy and ultimately improve your overall experience.

The online gaming movement has gained momentum largely in part because many graphic artists and programmers look to get “out of the box” when they aren’t working on corporate projects. You can enjoy the fruits of their labors by simply searching for free online games and choosing the genre that appeals to you the most. Stick games are a shining example of how graphics do not always equate to a great gaming experience, so do not be deterred by the “stick figure” style. Many actually find these graphics to be fun, and because the simplicity is intentional, you will likely realize the brilliance of the entire concept.

Getting some great entertainment without spending money is a venture that many only dream of, but some of the best game creators in the world are offering up their skills for your enjoyment. So, fire up your internet browser and get ready to have some fun!

Online Gambling in Atlantic City

For better or for worse, online gambling is coming to New Jersey.

In late February, Chris Christie officially signed into law a bill that legalized internet gambling in Atlantic City.

Initially the bill was vetoed by the Governor because of issues surrounding transparency and taxes. Lawmakers adjusted the text and the amended bill passed by an overwhelming majority in the legislature and earned Christie’s seal of approval.

Here are the basics of the bill:

- Casinos located in Atlantic City will be able to apply for a license to offer online gambling. Only the twelve official Atlantic City casinos will be eligible for the license. No other organizations can offer internet gambling, and face stiff fines if they do. All facilities used for the operation of internet gambling must be located within city limits; only bets that are received by a server in Atlantic City will be legal.

- Players must be “physically present” in New Jersey to place wagers. In the future, New Jersey may develop agreements with other states where internet gambling is legal to permit out-of-state gambling. The casino’s equipment must verify players’ locations before accepting wagers.

- Any games available to play in the casinos can be played online. (For comparison, Nevada only allows poker.) As of now, sports betting will not be protected by this bill, although the state of New Jersey is trying to fight the federal statute barring the legalization of sports betting.

- The bill has all kinds of provisions to keep gambling addiction at bay, such as requiring the prominent display of the 1-800-GAMBLER hotline number, a way to set maximum bets and losses over a certain period of time, and tracking player losses to identify and limit users who may demonstrate addictive gambling behavior.

- Revenue from online gambling will carry a 15% tax. The Christie administration states that about $180 million in revenue for the state will be generated from this tax, but some analysts think this number is seriously overestimated.

The official regulations, which the bill required the Division of Gaming Enforcement to produce, were released on June 3, and are subject to a “public comment period” until August 2 before being finalized. These rules include details such as how a casino acquires the appropriate licenses and procedures for maintaining network security on gambling sites.

So, will online gambling actually benefit the state?

The Good

Revenues from Atlantic City casinos have been on the decline for the past seven years, and online gambling could be what saves the failing casinos. Since 2006, casino revenue has dropped from $5.2 billion to around $3 billion. Online gambling could be a $500 million to $1 billion industry in New Jersey, which may be enough to keep struggling casinos afloat and save jobs in Atlantic City. Further, even though estimates of tax revenue are all over the map, there is potential for online gambling to be a considerably valuable source of money for the state. The casinos will also have to pay a tax to the Casino Reinvestment Development Authority, which will provide further assistance to struggling casinos in Atlantic City.

For the player, low overhead costs mean better prizes and more opportunities to play. Casinos can incent players with free “chips” that have minimal costs for them but give players more opportunities to play and win. The convenience of gambling online allows players to play more with less travel.

BAD:

One of the goals of the bill is supposedly to attract more people to visit the brick-and-mortar casinos, but it is hard to say if online gambling will actually lead to this outcome. One could speculate it could even cause people to go to the casinos less (However, this seems unlikely; the social element and the free drinks are lost in online gambling. Also, research indicates that, at least with poker, internet gaming does not reduce casino gaming.) Advertising for the host casino will be allowed on the online gambling sites, which could possibly encourage people to visit the casino but could also be annoying for players.

Online gambling could be seriously devastating for people who have gambling addictions, or even cause people to develop them, raising financial and moral concerns. Even with all the preventative steps the bill requires, it will definitely be much harder to cut off compulsive gamblers if they can place bets anywhere with an internet connection.

Regardless, it is going to be a while before the casinos can actually kick off their online gambling offerings. The regulations need to be finalized and casinos need to apply for licensure and develop their gambling websites. This means the casinos will not be enjoying this new source of revenue during the 2013 summer season, which could be Atlantic City’s toughest season ever following recovery from Hurricane Sandy.