«Thats whats happening to todays ICOs. They are raising an eye-watering amount of funds (over 1 billion in 2018 alone), but once the funds are in their wallet, its incredibly hard to use them in a practical way.
Here are the two critical issues: liquidity and volatility. The former breaks down like this, I raise $1 million in ETH but I cant use it to pay my rent. The latter, I raise $1 million in ETH but its value could drop drastically in the same afternoon. Now Im asking myself
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Read full post: https://medium.com/@globcoin_io/what-can-icos-learn-from-the-electrification-of-cars-326ee5a63139Hmm.. Pretty interesting project you have there, really caught my eye. It would be pretty nice to be this sure with all your crypto funds. The thing is, by having this assurance, you sacrifice the chance to get higher profits just because you wanna be safer. Not that I am saying that it is wrong but it would clearly take away the though of earning more due to the volatility of this industry. But still, this project can be used into greater advantage by traders if it's fees will be minimal. I think this project is worth a shot, I will be keeping an eye.
You're probably right in everything you said. Globcoin CEO has said in a presentation that they're "not looking for short-term winners" and their Whitepaper also says something like "they do not recommend to buy their tokens with speculative purposes". It's clearly not one of those projects that will feed from the market hype and I even dare saying that it's targeted to investors whose gains do not come from volatility (and are rather trying to be protected from it)