Category Archives: Crypto ICOs
Hyundai “goes crypto”: President Dae-Sun Chung announces plans for the company’s first token generation event
Zug, Switzerland, November, 2017— HyundaiPay in cooperation with Hdac Technology AG, the multinational corporation based in Switzerland, announces today its plans to hold a TGE (Token Generation Event), aiming to bring blockchain technology to IoT payment platforms and secure transactions amongst connected devices. Hdac Technology and Hyundai, specifically HyundaiPay are always looking for new and innovative technology to incorporate into their products, and the joint TGE will protect IoT devices and their users from hacks, privacy invasion, and external threats, especially for payments and transactions. Hdac technology and Hyundai Pay will hold a TGE for the HDAC token on November 27th. The TGE will run on the Hdac blockchain, a separate entity apart from Bitcoin and Ethereum, which is maintained by the Hdac Technology group.
The Internet-of-Things (IoT) is making a visible and immediate impact on the tech industry these days, and will be worth $270 billion by 2020. Connected devices, homes, and vehicles can already be found in advanced countries, and as anyone with experience in the industry knows, the complexity of ensuring safe financial transactions, is close to impossible. Consider the security challenges involved in safely making an online payment on your phone in a public place. The vulnerability of security breaches is very high between connected devices. There is high-security risk for office buildings, large convention centers, or even a connection home that is transferring data constantly throughout the day.
A network of economies and payment platforms in the IoT have to integrate blockchain into their system in order to offer integrity and confidentially to their users, and to revoke the mystery behind this futuristic solution for security failures. Integration of blockchain technology will solve various issues in terms of security in IoT:
Interconnected security risks: IoT devices are all connected, if one node on this network becomes compromised, this puts the whole fabric at risk.
Different security protocols and requirements of each device: These differences make integration slow and difficult at times.
Many points of failure exist, which makes monitoring a wide network of IoT devices at best difficult, at worst impossible.
Developments in blockchain technology enable greater transparency and trust, especially regarding payments, and can help secure all those self-driving cars, smart home devices, and even your FitBit that have flooded the industry in recent years.
The goal of Hyundai BS&C and Hdac Technology’s TGE is to support the continuing development of the Hdac blockchain, as blockchain technology has the ability to greatly enhance the security of the IoT. Hdac, which runs separately from the Ethereum and Bitcoin protocols, is based on hybrid blockchain technology, which offers a wider range of capabilities to ensure reliable connection and secured processing between devices. Hyundai will work to apply this pioneering platform to hardware payments applications and to enhance both their security and reliability.
Blockchain technology is the only way to achieve the level of security that Hdac technology and HyundaiPay aim to achieve. The Hdac blockchain addresses security issues by providing immutable information on top of smart contracts. It makes the automated security and transparency principles application over the platform, in a possible way that was previously impossible to guarantee.
“We are thrilled to hold a TGE in order to bring security and transparency to IoT devices,” said Dae-Sun Chung, Founder of Hdac Technology AG, “With more IoT devices hitting the market daily, our lives become more connected. Although there are many benefits to this, we open ourselves to great security risks. Blockchain technology, and special the Hdac blockchain, is the best way to leverage trust, transparency, and security on IoT.”
AMSTERDAM, November, 2017— ICO HeadStart, announces today its ICO for the MOAT token on December 8. ICO HeadStart is a fundraising platform, which curates the most promising ICOs, which have been thoroughly screened, selected and certified with the ICO HeadStart Seal of Approval. Basically instead of you having to do your due diligence, the platform does it for you! ICO HeadStart’s unparalleled ecosystem allows them to provide their community with 100% profit sharing. ICOs are surging right now and it’s tough to figure out which ones to trust and which are a complete scam. ICO HeadStart has figured out a way to solve the dilemma by thoroughly pre-screening the projects that they list, so they community knows that their money is well invested.
The platform operates with the help of compliance officers who have dedicated themselves to selecting, screening and certifying ICO projects, before they are allowed to join the platform. Through this intense course of action, ICO HeadStart offers its community access to only the best ICO proposals, while also providing the highest level of risk management in the ecosystem. The ICO HeadStart Seal of Approval is the key standard, essentially symbolizing the best and most promising ICOs on the market. The platform subjects themselves to the strictest requirements and screening procedures.
ICO Headstart’s unique profit sharing model contributes to a massive value increase of the MOAT token, therefore maximizing profits of the entire community. In total, 80% of the profits made on the exchange and through contracts with the project creators on the ICO HeadStart platform, will be used to buy back MOAT from token holders. By doing so, the company contributes to a massive increase of the value of MOAT and thus returns their profits to the community. ICO Headstart plans to use the remaining 20% of MOAT tokens for newly listed projects on the platform, therefore giving them a head start in the funding process.
ICO HeadStart not only has a unique profit sharing model, but also a distinct process for deciding which projects become funded. The combined knowledge, insights and wisdom of the platform’s large community of backers vote together to determine which ICO projects will be successfully funded. A crowd of this magnitude always knows better than single individuals. ICO HeadStart creates the capital and the execution structure, and then democratizes that access to everyone in the community.
Once the community has determined that a specific project warrants funding, the funds gathered will be held in escrow. Based on the amount of funding needed, the project campaign roadmap and most importantly, the ICO Head Start Scorecard Analysis, ICO HeadStart will work to draw up an escrow contract for each individually listed ICO on the platform. ICO HeadStart plans to use smart contracts, in order to create the safest and most transparent mechanism on the market. These smart contracts are a perfect match for the decentralization of the ICO HeadStart platform.
“We are thrilled to officially announce the ICO of the MOAT Token,” said Nawid Habib, Founder of ICO HeadStart, “ICO HeadStart works to streamline and add much needed transparency to the ICO process. We aim to develop the first platform of its kind which successfully screens ICO proposals, certifying them with the ICO HeadStart Seal of Approval and then listing them on our platform. We strongly believe that the ICO HeadStart platform will empower the blockchain community.”
ICO HeadStart is the first fundraising platform where backers and project creators pay 0% fee without any additional costs. The platform lists only the best and most promising ICOs which are thoroughly screened, selected and certified with the ICO HeadStart Seal of Approval. ICO HeadStart’s unparalleled ecosystem allows us to provide our community with 100% profit sharing.