Vice ICO

Bringing pornography to the blockchain.

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Vice ICO

An ICO one should keep their eyes on that recently finished its tokensell is Vice. Vice is an interesting concept. It basically wants to create a cryptocurrency for the adult industry. It wants to create a token for watching pornography and it uses a steam media protocol. So it is essentially paying users to watch adult content. Not only that but its business model is very disruptive. It is basically creating a paradigm shift for an industry that has been set in its ways for decades. What really goes against this project is its reputation because it is tied to a negative industry and this can really hamper their future growth. If we have a look at the market it has been quite bullish on it, which gives it a five out of ten when it comes to token economies. Overall the token economics are quite good as they are offering five cents per token and their token supply is four billion which is very high. There is also a lot of awareness in the market for this project so one should actually give them a high score of about sixty percent. Their team is also very capable with necessary skill sets to pull this venture off and they are all industry leaders in their own field. They are not an all-star team just because they have industry experience and the team is a bit small, but overall it is a good project.

One should be aware of the fact that they are offering a 30 percent bonus. It is definitely a high-risk project and it is not something to go all in on. One needs to factor the risks in mind if it is something they are going to be investing in.

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, analyze 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.