Topic: [ANN] [IPSO] KOLIN [Kolin] [ANN] [NEW EXCHANGE] [UPDATED 03/09/2018] - page 7. (Read 16939 times)

I think this project is revolutionary, since it will not have competition

Without a doubt, this really good idea. I think that Kolin platform have good chances to be succeed.

I think a project like Kolin is needed because a lot of people could enter crypto if they got over the linguistic barrier.

Your project is really unique! Overcoming the language barrier can positively affect the global economy. I am sure that you will succeed!

A decentralized platform for translation and information exchange is a very good idea. I don't see many good projects in the Education field. And a project for languages is a really new idea.

Kolin was created for becoming a bridge between different cultures, languages and also to ease the access to education. I like it

I think that KOLIN is a very promising project. That's why I believe that this platform will get a good response among investors. I believe in the rapid development of KOLIN. Their community is growing every day, and this is really a sign of good prospects for the KOLIN project in the future.

I think Kolin has a strong future because the overall package matches the team and a vision.

dear all
i can be your community manager in the Arab countries because we have more than 450 million people speaks Arabic language many of them are crypto lovers

Dear,

This is our GitHub repository https://github.com/Kolinplatform/, we will be updating it constantly

Regards

Hello everyone,

We are pleased to announce that our website is now fully functional and you can find it at https://kolinplatform.com

Our website was initially published in two languages, English and Spanish but as Kolin looks to be an inclusive and multilingual project, we will soon announce a community translation bounty to reach more languages.

Meanwhile, we are looking for enthusiastic community managers, the only requirement is to speak at least two languages (English + another language). The reward to obtain as a community manager is 1M Kolin. This open call is for 1 admin for the Spanish, 1 for the Hindi and 2 for the Chinese channel. Because transparency is important within the project, please read the information currently present in our website and write on our Bitcointalk thread (https://bitcointalksearch.org/topic/m.42430908) why you should be considered as our new community manager.

Current community admins/managers:

English channel: @CryptoSatochi (although all other admins are also present)

Spanish channel: @Admon1

Chinese channel: @Nomu

Hindi channel: @Deathrider2786

Social networks

Join us on Telegram:  

@kolin_announcements (https://t.me/kolin_announcements)  
@Kolin_official (https://t.me/Kolin_official)

Telegram in other languages:

Chinese   @Kolin_ch (https://t.me/Kolin_ch)
Spanish   @Kolin_es (https://t.me/Kolin_es)
Hindi       @Kolin_hi  (https://t.me/Kolin_hi)

Follow us on Twitter: @KolinPlatform

Contact us: [email protected]

Thanks in advance for the help in diffusion.

Regards

Kolin team

Initial coin offerings (ICO) are an efficient and cost-effective means of accessing mass capital for start-up enterprises or technology entrepreneurs, which might not otherwise have access to capital markets due to strong regulations and/or lack of initial funds. However, ICOs can be also used for fraud and the US Securities and Exchange Commission (SEC) has warned investors to beware of scammers using ICOs to execute "Ponzi", "pyramid", or "pump and dump" schemes, wherein the last one the scammer use fake news to lure more investors  in to an ICO in order to generate interest and increase the value of the coins, to only quickly "dump" the currencies on to naive buyers.

The mechanisms generally used for initial public distribution of tokens are broken and the trust of early investors lost. For instance, ICOs companies commonly use their own website to offer a limited number of coins at a constantly increasing price. Then interested investors send their money (cryptocurrencies) into the enterprise wallet, which promises to exchange them for an specific number of tokens. This practice although common is a terrible mistake done within ICOs. Investors send their money privately to an unknown address without any warranty to receive coins in exchange.  Furthermore, in this digital age, everyone should be aware that by entering a private website and accepting the cookies you are immediately acknowledging to share your browser information with the site owner, information such as IP address (city/country), language, operative system,  dispositive used, screen resolution, among others. Users are not just sending their money but all of their information, a perfect situation for scammers. On the other hand, ICO's websites show how many coins have been sold so far, but there is no actual traceable record that would support that statement, and buyers are not able to withdraw their just bought tokens until the sale had finished, what could means days, weeks, months or never as happen with many scamcoins. Transparency and accountability is strongly needed for improving the confidence of new and old investors within the cryptocurrency market.

Here is proposed a new approach that could help to strongly put back in track the initial cryptocurrency offering process. An example of this is how private companies or corporations raise investment capital by offering its stock to the public for the first time. These enter on the market by listing their stock (or shares) on a public stock exchange, such as the New York Stock exchange (NYSE), the National Association of Securities Dealers Automated Quotations exchange (NASDAQ) or the London Stock exchange (LSE), in a process commonly known as initial public offering (IPO). Thus, an IPO is also commonly known as “going public”. Blockchain technology has strong potential for being used in an IPO format, what could not only save the initial cryptocurrency coin offering process but incentivize well-known companies to enter into this developing market.

As mentioned above, blockhain technology is a strong weapon to be used in an IPO format. For example, instead of making ICO offerings private, which grant no security for the buyers, sales can be performed on a completely Public format where everyone could track the procedure of this one. Public decentralised cryptocurrency exchanges (DEX) can be used for offering tokens at different previously established prices, during the IPO campaign, enthusiasts and supporters of the enterprise/token/currency initiative will buy some of the distributed cryptocoins with fiat or virtual currency.  As tokens are available immediately after purchase and they are property of their respective holders, these can be traded within the same exchange or held further by the buyers. Due to blockchain transactions can be tracked within decentralized exchanges and a whitelist (list of largest holders) is constantly generated, this makes the process totally public, transparent and traceable.

We also suggest another two ethical terms to be acquired on this Initial Public Sale Offering (From now on IPSO). Firstly, for avoiding large token accumulation from white-collars and to keep the bonus system currently used within ICO, the bonus must be restricted by a static Maximum Airdrop Per Wallet (M.A.P.W). The use of MAPW will help to benefit as many people as possible with the initial low prices offered, promoting at the same time the coin holding and buys until the next stage due to the bonus stacking process.

As a MAPW example:

1st stage: 10M Token at 2 satoshis ; owners will receive + 50% bonus (m.a.p.w 50K)
2nd stage: 10M Token at 4 satoshis; owners will receive + 25% bonus (m.a.p.w 50K)
3rd stage: 10M Token at 6 satoshis; owners will receive + 10% bonus (m.a.p.w 50K)
4th stage: 10M Token at 8 satoshis; owners will receive + 5% bonus (m.a.p.w 50K)
*m.a.p.w. = maximum airdrop to be received per wallet

In this example, an investor will need to buy a maximum of 100K Token on the first stage to receive the maximum reward of 50K. However, if that same person wants to receive more rewards, it must hold the tokens until the next stage, and the wallet would need to possess 200K Token for receiving the maximum reward.

Secondly, in order to prevent pump and dump schemes, we strongly recommend integrating the concept of Company Ethical Support (CES). This will consist on a reinvestment of the 50% of the total raised money during the sale, in order to keep a support buy order for the total coins/tokens sold, at a price a 50% lower than the price of the current stage.

For example,

If a coin initial sale was at 2 satoshis and 30K coins have been sold, a buy order for 30K coins should be kept at a price 50% lower than the current price (for this example 1 sat), protecting the enterprise and investors from big coin dumps.

This proposed IPO system will be used for first time on the Kolin sale IPSO, reinforcing the need for a public sale standard within the cryptocurrency market.  This document is also an open call to all ICOs to incorporate the public IPSO format and the two ethical principles explained, in order to empower the cryptocurrency community, take back the transparency and accountability that blockchain technology implies and to fight back against cryptocurrency scammers.



Article published at https://steemit.com/cryptocurrency/@criptok/novel-suggested-terms-and-principles-for-cryptocurrency-initial-offering

The concept of KOLIN to somehow connecting many culture through some kind of universal language will have a good effect in the future.
This way will makes the works with one and another culture to be easier and it will makes a good relationship.

Absolutely !! Just to give a little sneak, one can have a look at the IPO details and the way it is planned. It has been well thought off and others like the website, whitepaper is in progress and will be released gicing more visibility. Each step has its execution date defined and for now we are on track

If the project is so cool, why so little information. I would like to see the happy honest persons of the team of this project, look at the white paper, the road map.

For everyone that is asking for more information, please be patient that more exciting news are coming. if you have any query please do not hesitate in asking on this thread or in any of our social networks, and we will include the information in our FAQ section. 

Have a little look in what we are working on:

Very nice for pre announcement here. Looks good project. Hope will be full detailed to come.

a very interesting project and I think everyone should be in it for further development. I'll be looking forward to it.

This project is very good because the project was created to be a bridge between various cultures, languages, and also to facilitate access to education. wow this is very interesting. I'm sure this project will be a great success.

Colleagues, Good translation services are not enough. For example, Google does not always translate correctly, especially technical information. I hope that your project will achieve linguistic perfection.