The GamLab pilot – a large-scale pilot currently being run in two schools in Salerno, Italy – is now being… Read more GamLab Launches in Romania!
Buccino, Salerno – ITALY, May 19th, 2018 During the “National Festival of Museums” event, the National Archaeological Museum “M. Missed rounds, incorrect statuses, unworkable links or any other bugs found. Your request has been sent. We will contact you asap. Are Angelina Ballerina and Barney & Friends about to get run over by the bitcoin bulls? The company, 18moons, plans to raise as much as $10 million in February amid the mania surrounding cryptocurrencies like bitcoin. 18moons will issue electronic tokens called Planet Kids Coins that will work like credits or vouchers with its viewers and vendors. So-called initial coin offerings have largely relied on the enthusiasm of speculators looking for the next moonshot investment after the staggering run-up in bitcoin prices over the last several months. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news, delivered weekdays. “Even though we need them, it’s not going to happen,” said company president Eduardo Mace. Perhaps it’s for the best, Mace added.
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The tokens, after all, are designed to be used for 18moons programming, and not as investments, he said.
But like many companies raising money through ICOs, 18moons is engaged in a dance between utility and speculation. It is trying to show that cryptocurrencies have a genuine business purpose promoting uses of blockchain technology and are not just an investment fad. The blockchain records every transaction, so there should be no disputes about viewing and billing. Though 18moons would appreciate having crypto-speculators help build the project, the tokens have to be used for their intended purpose: buying and selling children’s programming. “If its doesn’t circulate, then we’re as good as dead,” Mace said of his digital currency. An analysis by the Token Report in October found just 19 of 226 offerings that it studied were used as tools or payments for the issuers’ services. In many cases, the funded projects had not been launched yet. Such findings fuel suspicions that companies are selling digital currencies for projects that are a poor use of blockchain technology, but can’t get money from conventional sources. Regardless, buying into any early stage project involves some element of speculation, said Christian Catalini, an MIT professor who studies the economics of cryptocurrencies. Even customers using tokens for real business transactions risk losing money if the company fails. And because cryptocurrencies are mostly unregulated, speculators and buyers alike can find themselves at the mercy of unproven entrepreneurs and scam artists.
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“When you invest in these things, you need to be careful, because it’s very speculative, and it’s kind of like gambling,” Catalini said.
Duane Mayo, chief financial officer for 18moons, said his company already has a big built-in audience for its products, with 1.5 million monthly active users, largely in Latin America. “A lot of ICOs, you get the money and then you create the business,” said Mayo. Only later will it consider a public sale. Users will pay for the service in tokens, which he likens to a product activation code that comes with new software. May said blockchain technology will become a key feature of recording the use and growth of chatbots as they proliferate across the business world. The SEC has halted one ICO, for instance, and censured the organization behind a second. It sued the backers of another offering in December, arguing the entire project was a scam. Massachusetts Secretary of State William F. Galvin, whose office regulates securities, has harshly criticized ICOs that are being presented as investment opportunities. He said his office will closely review any tokens issued in Massachusetts. Internationally, the rules are just as confusing. Some countries, including China, have banned ICOs altogether.
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Others, such as the Cayman Islands, are plainly allowing them.
These informal documents are generally much less detailed than the exhaustive prospectuses prepared by companies making public offerings of stock. And the currencies they cover are not backed by anything other than a company’s word. And for some companies who hold onto a reserve of coins or plan to sell more, the increasing value can be a financial windfall. The company plans to issue 100 million tokens, but keep 25 million in reserve, releasing them to either reward regular customers of its programmer platform, or to stabilize the price. Parents can also buy programming using US dollars, and the company will convert those purchases into tokens. But it expects many content creators to buy Planet Kids Coins during the ICO. Tokens they receive in payment for their programming can be redeemed on the exchanges that trade Planet Kids coins, at prevailing prices. “We’re not going to be held ransom by the coins,” Mace said. Hey guys, A few guys in our community (https://coincrunch.io) found this project a few days ago. I don’t have much info on it yet as there is no released whitepaper but I think it could be interesting. Founder of Elastos involved as are a lot of big Chinese E-com companies.
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Thanks for the support Decentralized infrastructure of protocol-based economy. TBA PRE-SALE: Team: 15 persons ICO Min/max personal cap: 0.00 / 0.00 ICO Token Price: 0.00 USD, 0.00 ETH, 0.00 NEO CONTACTS [email protected] [email protected] © 2018 Ingello Please read the disclaimer and risk warning. This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. You’ll be kept up-to-date with our progress regarding ICO’s site updates and lots of other goodies.
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