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RE: How ICOs Are Replacing IPOs - The uKit Example And Their Unusual ICO
I agree on 2 points:
This is not appropriate, they are just looking for extra money.
We are at the very beginning, decentralized tech will become more accessible and then everything will be tokenized. This is not harmful persay, as most of these tokens will rather take advantage of the immutable accounting system that is the blockchain, and won't be used for financial value.
This is reminiscent of the sudden adoption rate, that happened when the internet became accessible through a browser and not just a geeky CLI.
Nick, let me disagree.
Money is blood for business, that's right, and there're plenty of options how to get them. Previously our company had experience of venture capital with DST fund, and this was a good experience, but today when you have a mass solution, and especially if you want to build more effective and modern infrastructure - tokenazing looks to be the smartest way.
How it will be done in uKit AI? We're building an ecosystem where every website owner can share depersonalized data about traffic behavior to help faster learn AI he and everybody else are using. If he gives, he gets a part of token from reserve fund and can exchange it for additional % of AI system capabilities.
Such thing should be transparent, so that's how we came to blockchain. You can get detailed tech info on our special page, and if interested - take part in battle of comments about it in our Bitcointalk topic.
There're also minior blockchain-backed features - like voting for what's comming next in websitebuilder, but the main reason is mining. Guess in past few month you've already seen both startups and existing SaaS businesses adding blockchain to manage crowd data properly. Would love to hear what're you thinking about them all)
Holy cow, you are actually from uKit.
You have to agree that with this rapid expansion of ICO space the dilution is very real. There are absolutely valid projects that are buried between piles of scams. At first glance, my impression was that the tokens are a gimmick, not a valid contribution to the blockchain ecosystem.
This does seem similar to what BAT is doing. Why are you not working with them or using their Token? Do you need to create a new token?
Thank you for giving us some more information to back it up. To make any further judgements I would have to read your whitepaper.
Nick, feedback's always appreciated - so here's our WP
Guess, BAT is a bit different. It's about advertising. We're about marketing. We have only one party - site owners: they contribute to a database that uKit AI connects to, and then use uKit AI to create multiple data-oriented designs of pages for their visitors.
Agree and I really remember those times :)
What a time to be alive, what a time to be in the crypto space. It feels like living on the fast lane, waiting for the whole world to catch on. I have a dream, and I dream that Steemit will eat Facebook's marketcap :D