New Era for Companies: Grain ICO
Another up and coming ICO is one that goes by the name Grain. Now this is a very interesting project and it basically wants to facilitate work agreements for companies using blockchain technology. I think on the psychological level the idea isn’t smart. People like to buy into ideas that just sound cool or edgy and I don’t really think Grain has that but on a fundamental level I think it has many things going for it. I think the token economics are quite average though and more deserving of an average score. They do have a lot of tokens and as we have seen in the past, ICOs like Deep Brain have done quite well for themselves regardless of their scrutiny surrounding their token supply.
Moreover, I thought the team were very capable. They got two former employees from Microsoft. The CEO has a lot of business experience and they also have two blockchain developers. So I do think the grain has a lot of potential. However, there is one fundamental flaw in their business model and that is taxation. You know companies like ING Direct or Coca Cola that have to account for their finances. They can’t really partake in the cryptocurrency scene without actually auditing what is going in on what is going out of the company and cryptocurrency frankly makes it all very obscure to work out.
Grain as a company are basically still in the very early stages and I think they could turn out to be a very promising project. The idea actually solves a real-world problem and they would leave the world very surprised if they can actually pull this off so this is definitely something to watch.
The ICO investment is very speculative. It is speculative market so we can really understand this by looking at Owen Schrodinger and he actually proposed a thought experiment to better understand the Copenhagen interpretation of quantum mechanics. So in 1935 he proposed an experiment whereby a cat is put in the box with a sealed vial that would randomly be released. Now no one knows when the poison is released so the cat can be thought of as both alive and dead. Just like Schrodingers cat your ICO investment right now can be thought of as both good and bad. It is only by only by opening the box that you will find out which it is. This means you can actually invest in an ICO with a great team and great token economics and with a good amount of height only for it to do terribly on the markets. It also means you can invest in iCO that is tantamount to a scam with terrible token economics and he can actually make you a lot of money. You really have to understand economics and technology if you want to succeed in ICO investing and cryptocurrency day trading. Now someone might be quick to point out that Schrodinger actually used the thought experiment to highlight the absurdity of actually having a condition in two states at the same time and that is what I am doing here. I am trying to highlight to you the absurdity of ICO investing. The idea that I can actually take a thousand dollars and turn it into three or four thousand dollars overnight should not happen. It goes against the laws of supply and demand and it should not be economically possible so this really is something that you should be aware of. This along with the many bubbles such as the dot com bubble of the 2000s.
It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.
Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyse and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.