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RE: 🔑THEKEY(TKY): Digital identity better than Civic 🎫 The first ICO that I may participate in ever (NEO based ICO) 👍
I haven't heard about this one. Minimum 1 BTC in the pre-sale? That is a lot. Also quite some private rounds already. Well, at least with some lock-up periods.
I do like projects like Civic and this one, just not sure whether the timing is right. Might still be too early for these projects? Adoption requires trust and track record, especially in this area. What do you think?
That's for the pre-sale though!
The actual ICO is listed at having a 0.0001 BTC minimum contribution.. which is actually super low! See here for details
Thanks for pointing this out, will update the article.. it is confusing in my list now, will change it
And adoption seems well on it's way with this one: 130 million users!
That is indeed a low minimum for an ICO :-)
What does 130 million users mean? Accounts? Are they using it? Is it the total of inhabitants of the cities that are now implementing it and therefore more like potentially connected users? I mean, it sounds nice, but it is tricky to call use the term 'users'. Sounds good for marketing purposes though.
Adoption on the user side is actually not even the biggest challenge. Adoption on the institutions and companies part is what is difficult to scale without trackrecord I think.
Anyways, I haven't done a lot of research on this one. Just some first thoughts ;-)
Well, two cities are running pilots and using the system as we speak, and it is being deployed in another 41 cities, covering more than 130 million people total. That they all start using the THEKEY service and completely foregoing past methods is unlikely of course, but I do think the government and many parties (like the huge multinationals) are going to push for it's usage.
The adoption on the instutions and company side is well on their way. They have some of the biggest companies on board, not just the biggest of China but in some regards in the world. ANT Financial alone is huge (biggest fintech in the world), and they've got major insurers onboard (among which the biggest insurer of the world), etc. Not to mention of course the government itself, which is helping deploy this system across all these cities.
Adoption and instutional backing is one of my prime reasons for wanting to invest in this.
Hmm, it starts to sound more solid than it appears :-) Has more to offer from the start compared to most ICOs then.
Hope this will turn out to be an insanely good call by you for 2018!
There's definitely more to this one, yes!
The only thing that's keeping me back, and has kept me back from Civic also, is that even though I'm certain there will be many 'transactions' in the form of ID verification... I think these will be tiny microtransactions worth very little money, or else the system would not work.
As the transactions are small, the miner fee likely is too. Since usage of the token in part explains the value proposition, if you need less tokens to transact, then the token probably has a low value. I wouldn't be able to make a clear case why it would make sense to want to own a lot of Civic or TKY tokens, beyond speculative reasons. Other projects have a more clear value proposition.
So this one will fall somewhere in between my play money investment, and my 'serious investments' in terms of value.
I like the fact that you dig down to the business model and fundamentals. This is key for the long term :-)
When I look at practically all tokens that have some form of utility (because they don't want to be classified as a security), none will generate substantial revenues from fees combined with a high price per token unless half of the world will use it/half of their respective target industry uses it. Based on the fundamentals you wouldn't buy any of the tokens right now (yet, we all do). But luckily we're in a speculative phase, so even though I always look at fundamentals, it does not seem to matter that much. Only in the very long run, which in crypto is probably something like 12-18 months, those have a better chance of survival :-P
Thanks! Yes, I think the fundamentals are key for the long term.. when the hype dies out and the bubble bursts.
Of course it's all speculation in one way or another.. even if the whitepaper says X or the website lists Y partner, who knows where it will lead us?
But using a certain guesstimate sounds a lot better of a foundation to invest money in than just blind gambling.. and since I'm not that rich in RL, I need to make sure that every dollar I invest counts and doesn't go to waste!
As for long term survival.. even that is speculative. Look at Dogecoin. It has never been anything but a shitcoin, even since it's inception, yet it is bigger than ever! It has never been a good idea to invest in Dogecoin, yet it could have made one a millionaire several times over.. not just the recent rises, it has had rises before.
Sometimes it seems like you don't even need fundamentals; just patience..