SprintX: Exchange, ICO Platform, & Incubator all in one!

sunnysideupfang (55)in #bitcoin • 6 years ago (edited)

I agree with the wisdom of diversifying your investment portfolio. However, I have realized that this can be a bit challenging when investing in cryptocurrencies. Investing in crypto involves dealing with too many different exchanges as the conversion to and from fiat involves intermediate exchanges.

Also, buying cryptocurrencies already on the exchange isn't the only way to invest in crypto. I participate in ICOs on a regular basis and there are challenges there too. ICOs decentralize the capital raising process and that means the authorities that verify the authenticity of a company raising funds do not run the audits on ICOs. A lot of due diligence goes into investing in an ICO and sometimes I don't have that kind of time. I know I am not alone when I say that there were promising ICOs I skipped over simply because I did not get the time to perform a thorough due diligence.

To fix these problems, SprintX is building an exchange, ICO platform, and a blockchain start-up.

Breaking Down the Offering

First off, SprintX itself will counter the problem of investors not being confident enough to invest in some ICOs. SprintX is a platform which will verify the authenticity of a company or team. The audits will bring expose the fakes and will help the legitimate companies stand out. This is great! Less people get scammed because scams are exposed and real projects raise more money as people have confidence in them.

Next, SprintX will also develop SwitchX. This will be an exchange where the sale of crypto for fiat will be easy since fiat will be easy to transfer to a bank account. This is good for investors, traders, and start-ups. Investors and trader will now have an easy way to liquidate their cryptocurrencies whenever they want. Start-ups that held ICOs will get a huge benefit since they will be able to liquidate the coins raised during the ICO and will able to deposit them in a checking account, allowing immediate usage of the funds.

The last part of SprintX's goals is the development of NOVA Foundation. This will be an incubator for blockchain start-ups and I think this gives a more complex value to SprintX. I can see SprintX's own product benefiting from other start-ups joining an ecosystem it develops.