Top Initial Coin Offerings
Cryptoauxiliary has worked on and contributed to a number of ICOs, but today the most successful ICOs will be examined in detail in order to determine and understand which projects have piqued Cryptoauxiliary's interest, as well as what solutions Cryptoauxiliary has provided and deployed for the ICOs.
CrowdWiz is a cryptocurrency investment platform.
The objective of the founding team was to democratise and simplify trading and investment procedures by eliminating intermediaries and putting power and authority back in the hands of investors.
Investing in ethereum solidity erc20 as a group
CrowdWiz is an Ethereum-based open-source platform for crowd-sourced investment solutions. This includes crypto-asset investment products like funds, loans, and real estate, as well as everything else the crypto ecosystem has to offer in the future.
The WIZ digital token is one of CrowdWiz's primary perks for investors. This is because WIZ is the originator of the majority of activities. The principal form of ownership and collateral in this ecosystem is WIZ, which is the name of the major currency. WIZ's success is linked to a constantly developing market and ecology, which means that consumers' interest grows as well.
The ecosystem begins with the investment fund, which WIZ token holders will manage by making investment proposals and voting on them. CrowdWiz also provides the following services to provide investors with a complete experience:
Wiz vote is a voting system. The voting procedure is described in detail.
WizTrader is a trading engine that is linked to the largest cryptocurrency exchanges and is used to obtain the highest possible price for the fund.
CrowdWiz launched the WizFund Platform in the second stage, allowing investors with specific investing goals to construct their own fund and acquire funds for it.
The final phase entails integrating all newly created crypto assets into the system.
CrowdWiz was created in close collaboration with incumbent providers in the stock trading, options trading, and currency trading industries who aim to participate in the Wiz ecosystem as providers. Because incumbents are expected to introduce WIZ to their existing customer base, incumbents are likely to be the primary conduit for attracting mainstream consumers.
Krypton software/TRADOLOGIC is a CrowdWiz launch partner with a user base of over 5 million registered users. WIZ will be one of the most popular cryptocurrencies among general consumers since it will automatically open a cryptocurrency wallet for them at launch.
Market Obstacles
Economic stability is tough to achieve nowadays. However, things are different when it comes to blockchain technology. The bitcoin markets' decentralised system is advantageous. When it comes to investing in or trading cryptocurrencies, people face a variety of obstacles. The most significant obstacles are related to regulatory or governance tasks. Prediction markets will eventually be classified as financial activity. Prediction markets will be regarded as financial instruments, and all financial predictions will be supervised by authorities. CrowdWiz will undoubtedly triumph in all mandatory rules. Because the software is decentralised, there will be online gambling restrictions, it will not be easy to predict certain political and economic occurrences.
There is such a thing called liquidity, and it can lead to a lot of problems due to faulty projections. As a result, all challenges will be regulated by blockchain technology. People will be more confident in the system's stability and security as a result of its decentralisation, allowing them to be closer to the market.
The Ecosystem of CrowdWiz
The CrowdWiz Ecosystem aims to create a global, decentralised financial services network in which users may discover and participate in investments made by other token holders (deal providers). The ecosystem creates a long-term cooperative operating model in which suppliers benefit from the freedom to develop and compete for recompense, while users benefit from the range of experiences and the chance to earn from a variety of deals.
Operators and Providers
CrowdWiz provides a platform for providers to create agreements.
A provider's responsibilities include:
Allow users to connect to the network by requiring a minimum number of WIZ tokens.
By offering discounts to CrowdWiz's consumers, you can drive traffic to the CrowdWiz network.
provide users deals that they might be interested in
Invest a minimum of WIZ tokens in the projects that he/she promotes.
Providers are rewarded with WIZ tokens based on the success of the deals they prove and in which users have invested.
Existing businesses and entrepreneurs are encouraged to join the CrowdWiz network as providers and users under this paradigm. Similar financial instrument hubs, such as investment platforms, short-term trading platforms, and Forex, can use CrowdWiz to introduce their existing consumer base to financial services.
Token of CrowdWiz
CrowdWiz is the official body behind the CrowdWiz coin (WIZ), model, and technology. CrowdWiz is focused on providing open-source cryptographic technologies that allow the CrowdWiz network to operate decentralised.
CrowdWiz's responsibilities include:
Create the CrowdWiz coin (WIZ) and use it to fund the network's development and operation.
design the methodology for delivering financial services in a secure, fair, and decentralised manner through the CrowdWiz network
generate incentives for providers, financial-services providers, and entrepreneurs to join the CrowdWiz network, embrace WIZ, and promote their consumer base to CrowdWiz's financial services
design the network's technology, such as Ethereum smart contracts, which manage financial services based on the collective wisdom of the public
offer a user-friendly version of the CrowdWiz software that allows users to participate in, present, and vote on events in the CrowdWiz network.
To kickstart activity, promote the CrowdWiz network by developing partnerships and marketing.
cope with the ecosystem's regulatory aspects
CrowdWiz Ltd. earns money by providing advisory services to firms that use the CrowdWiz platform and by selling its assets. CrowdWiz Ltd. does not run deals, but it may curate them in the apps it distributes and/or provide services to test the system, and it reserves the right to amend its policy at any time.
Growth Instruments
Providers can share information about their clients with other providers in order to obtain bonuses. At this time, we require a provider's app that allows providers and operators to display their event selection. This is valuable to its users since suppliers deliver relevant and useful information.
This technique is beneficial to consumers because it provides a large number of categories from which to pick.
The WizFund Platform
A platform that allows token holders to create their own fund or invest in new funds in minutes using an easy-to-use fund setup wizard, which includes a chatbot personal assistant, by defining fund type, portfolio type (public or private), description, fund name, voting mechanisms, fund size, NFTS (new-fund token sale), parameters (size, cap, time limit), and more.
A fully automated new-fund token sale is launched, in which a specialised fund token is created and automatically published on the Funds Exchange platform in the ecosystem, with no delays or extra steps. The token can also be exchanged on third-party exchanges. There will be a site where all current, upcoming, and previous NTFS will be displayed. Registered users will be able to subscribe to signals and invest in the token sale using major cryptocurrencies and fiat currencies straight from the platform. The transaction history, performance of all funds formed and invested in, analytics and history for all NFTSs, and more will be available to fund founders and investors. Small groups (families, business partners) and communities (buildings, streets, neighbourhoods, and entire cities, countries, or continents) will be able to act as one against the market in a simple, fair, and fun manner.
WizFunds
The first crowd wisdom fund in the world. A novel and revolutionary method of investing in crypto assets in which investors who have purchased and invested their OPX in the crowdfund can vote on which assets the fund will invest in. The fund makes a regular trade based on a crowd vote of the top 5 assets in two categories: exchange-listed assets and initial coin offerings (ICOs). Depending on the money-management policy setting the trading amount, based on a percentage of the overall portfolio, investors can vote buy, sell, or hold (no action). Token holders can also request assets and ICOs to be added or removed from the trading list, which is made up of the top 5 assets in each category. There will also be communication facilities (chats, bulletin boards, and more) as well as access to market analysis, news, and signals to help with decision-making.
WizVote
On the blockchain, the patented voting process is completely visible. There are several voting choices available:
equal opportunity to vote
voting by weighted average
valid votes as a percentage of total
This contains methods to prevent multiple addresses from being used to vote maliciously. To prevent market speculation by financial participants, voting results will not be published until after the trade has been conducted. There will be a status bar that displays the number of votes cast as a percentage of the total, a vote history, voting data, the time of the vote, the time till the next vote, and so on.
Although other voting systems are planned for the CrowdWiz platform, the majority of them will use the quantity of tokens held to calculate vote weight.
Polling/voting systems based on blockchain technology guarantee transparency, ensuring that each voter's vote is recorded only once and that there is no possibility of fraud. On the other hand, cryptographic techniques provide voting privacy regardless of the location.
Invest in Mutual Funds
Wiz Investment is an umbrella term for our crowd-wisdom-managed products, which improve investments by making them more intelligent and secure. CrowdWiz Fund and CrowdWiz Exchange have already been established, and they will be followed by CrowdWiz Crypto Lending and CrowdWiz Insurance.
Establishment of Funds
CrowdWiz Fund pioneered our range of investment products by enabling participants to present, appraise, and act on investment possibilities collectively against the market, leveraging their collective wisdom and insight. All capital decisions are subject to a voting process conducted using smart contracts on the Ethereum blockchain network, ensuring an unequalled level of fairness and openness in the investing process, allowing the community to select the best course of action.
WizTrader
WizTrader, a highly technical trading platform, optimises performance and provides liquidity solutions by integrating with all major, recognised exchanges. Fully automated transaction execution provides the lowest market prices possible, all while processing at an unmatched rate. When trading volumes increase significantly, huge trades are broken into smaller ones and conducted over numerous public addresses, while all trading history, data, analyses, and profitability are displayed on an appealing, user-friendly dashboard.
WizExchange
The one-stop shop for assessing fund performance and trading existing crowd-wisdom funds' tokens.
WizExchange is a crowd-managed, self-directing exchange platform in which token owners vote on which tokens are listed or withdrawn for exchange. Additionally, the platform enables users to destroy assets if they suspect fraudulent conduct or criminal behaviour. Token holders are entitled to a part of the exchange's revenue from listing fees, annual fees, and spread fees.
WizStore
WizStore is open to software developers who wish to create various tools and add-ons and distribute them via the app store in order to help the ecosystem grow — just as all participants are invited to contribute new voting and trading mechanisms, analysis tools, and signals. Additionally, the publisher determines the pricing model for third-party applications.
Overview of Biddable (Codex)
Biddable is a decentralised title registry with an integrated deposit escrow and a crowdsourced valuation mechanism. In the case of art and collectibles, this valuation also serves as an authentication.
To begin, art and collectibles are the first markets where a decentralised title system is likely to become the de facto standard. Since the inception of blockchain technology, a decentralised property-title register has been advocated as a user-friendly application. To date, all attempts to accomplish this have been made in the realm of real estate. Regrettably, adoption has been limited. This is because the majority of governments already have a functioning system of property titles and see no reason to acknowledge blockchain-based titles as a valid alternative. However, there is no existing title register in the art and collectibles sector. This significantly increases the likelihood of adoption and provides a unique chance to demonstrate the effectiveness of a decentralised title registry in a major market to the general public.
Additionally, Biddable is backed by a coalition of online marketplaces comprising 5,000 auction houses with annual sales of several billion dollars who have pledged to adopt the standard and solely take cryptocurrency through it. This increases the likelihood that Biddable will serve as a demonstration of blockchain's capabilities to the general public.
Second, art and collectibles should be a tremendously attractive asset class for the new generation of crypto-wealth. The wealthy have traditionally viewed art as a relatively stable, uncorrelated, and discrete store of value. Cryptocurrency investors face comparable challenges. While it appears as though crypto assets are seeking returns and diversification in the form of altcoins, these coins are heavily connected with Bitcoin and hence offer no diversification. Diversification into art and collectibles is the solution.
Regrettably, acquiring art and collectibles using cryptocurrency is really difficult and definitely not private today. This is because auction houses require assurances that they can enforce a bidder's commitment to pay for items won at auction, and thus disqualify bidders who cannot be fully vetted. Biddable eliminates trust from the transaction by utilising deposit escrow, allowing auction houses to trust and hence accept purchases from crypto-bidders.
Finally, Biddable has an unmistakable requirement for a native token. A deposit-escrow smart contract would not be trustless if it required the seller to do an off-chain operation. As a result, the seller must escrow the title in the smart contract itself. As a result, its title must have real-world significance. That title is valuable in Biddable for two reasons: (1) the market has agreed on a standard; and (2) it has the best evidence of authenticity. In the case of (1), we require a token to distribute to consortium members in order to provide them with a stake in the standard's success. In the case of (2), we'll need a token to compensate experts for evaluating the value and legitimacy of a title, which will be immutably stored on the title itself. To give the title genuine value, Biddable requires rewards, which means it requires a native token.
Abstract
Biddable is a decentralised title registry that features a tightly integrated deposit-escrow mechanism, a rewards scheme for value estimate, and a native coin called BidCoin. Its initial application is in the Arts & Collectibles (A&C) auction market, which encompasses fine art, fine wine, collectible automobiles, antiques, decorative arts, coins, watches, and jewellery, among other items. Today, approximately $65 billion in A&C is acquired yearly, with over half of that amount coming via live auctions.
However, purchasing at auction is challenging for three primary reasons, all of which Biddable addresses:
Approval: The majority of auction houses ask bidders to submit financial disclosures before to the auction to verify they can pay for the items they won. Apart from the obvious inconvenience, this deters buyers who respect their privacy and are concerned that dishonest auctioneers would exploit their information to facilitate fraudulent "shill bidding," which artificially inflates prices. As a result, an impasse occurs, resulting in decreased auction participation. In many circumstances, potential participants, notably Asian bids in Western auctions, are simply excluded, and vice versa. Biddable addresses this issue by utilising smart contracts with deposit-escrow functionality to dissuade fraudulent bids while safeguarding the buyer's privacy.
Settlement: Purchasing A&C frequently entails lengthy processing times, credit-card constraints on large-value purchases, counterparty risk, one-time escrows, and other complications. Currently, just a few A&C sellers accept bitcoins. Biddable addresses this issue by accepting major cryptocurrencies such as Ether and Bitcoin as payment for its deposit-escrow contracts.
Valuation & Authenticity: Estimating the value of a one-of-a-kind item prior to auction is challenging. Buyers, in particular, fear purchasing defective things and realising afterwards that they are worthless, leaving them with little recourse. In the case of A&C, the most frequently expressed fear is that of obtaining a fake from an unscrupulous vendor. Biddable addresses this issue by combining a decentralised title registry for tracking ownership with a rewards system that incentivizes crowdsourcing appraisal and verification by a community of informed experts.
Biddable includes a native token that is necessary for the protocol to function. It is critical to offer free token payouts in order to incentivise the expert community to validate titles. Biddable is a protocol that enables transactions, not a consumer destination. While Biddable will initially produce a Dapp to aid in initial adoption, any business can design a similar application and interface with Biddable's assistance.
A title registry and transaction protocol are only effective if they are established as industry standards. To that goal, a collaboration of internet marketplaces, software suppliers, auction houses, and prominent collectors has formed to support and embrace Biddable. BidCoin holders will be able to purchase over $6 billion in registered A&C and bid in auctions conducted by over 5,000 auctioneers upon launch. Due to its widespread acceptance, it will quickly become the de facto norm for both auctions and private sales. As a result, a future in which acquiring A&C is secure, private, and simple will emerge.
Apart from A&C, comparable issues exist in other marketplaces for unique objects that mainly rely on live auctions to determine prices. Biddable's long-term goal is to adapt the protocol to address these issues across the auction industry, including residential, commercial, and agricultural real estate ($139 billion), cattle ($86 billion), used vehicles ($409 billion), and industrial and agricultural equipment ($91 billion). In all, 2% of world GDP, or $1 trillion, is sold at auction.
Utilization of Bidcoin
To use the Biddable protocol, Bidcoins are necessary. Our objectives in requiring Bidcoins are as follows:
To begin, by forcing ecosystem players to possess tokens, we can instil a sense of ownership in the protocol's success.
Second, to establish a link between usage and price appreciation, which generates network effects and encourages greater adoption.
Thirdly, to generate recurring money for expert incentives and protocol development in the future.
Finally, and most importantly, to avoid system abuse.
Fees for Transactions:
To acquire an SP, buyers must pay a transaction fee, which will initially be set at 1% of the ultimate sale price.
A portion of the money will be used to replenish the Community Reward Pool, which was initially scheduled to be two-thirds full. A portion of the charge will be split between the Biddable running firm and the Treasury to fund ongoing operations.
Rewards:
Experts will be compensated with Bidcoin in exchange for their contributions to the valuation system. Distributions will be made in accordance with the procedure for determining Proof of Provenance incentives. The Community Rewards Pool or owner bounties will provide the rewards.
Sellers will be compensated in proportion to the number of bonds they have placed for offering products for sale.
Sellers will be compensated for marketing Biddable to their clients in proportion to the cumulative holdings of wallets that have previously purchased an item from the seller, which will be incorporated over time to incentivize holding. The goal is to generate network effects between merchants and their existing clients. We anticipate auction houses encouraging clients to use Bidcoin and promoting holding through events with artists that are exclusively accessible to clients who have a sufficient number of tokens.
Staking
To receive deposits, sellers must hold Bidcoin ("post bond"). Initially, the bond requirement shall be equal to 100 percent of the deposit requirement for the duration of an SP's acceptance of deposits. For instance, a seller may request a $1,000 deposit on an item valued at $10,000 in an auction and wishes to accept deposits during the promotion period beginning two months before the sale date. Additionally, the vendor must deposit a $1,000 bond for two months. Each bidder makes a $1,000 deposit, which has no effect on the bond. The bond's objective is to incentivise sellers to request appropriate deposits and to prohibit abusive activity such as market testing without the intent to sell. We anticipate providing sufficient tokens to early sellers to secure their sales (subject to a lockup). Following that, sellers must either retain or purchase tokens or convince third parties to stake on their behalf.
Bidcoin holders can post bonds on behalf of sellers in the case the seller lacks sufficient cash. In exchange, the seller distributes the seller's earnings to the holders.
To participate in the vetting process and earn compensation ("post bond"), experts must have Bidcoin. This will initially be set at a value of $25 in Bidcoin. The goal is to deter abusive behaviour, which will result in the Bond being burned. To recognise abusive behaviour, an algorithm will be built.
Other:
Other fees may be introduced to prevent abuse, such as Sybil attacks, and to cover the cost of Ethereum gas. These are not intended to generate revenue or to replenish the Community Rewards Pool.
Codex Request
Cryptoauxiliary used a variety of technologies to facilitate the sessions, during which developers identified and discussed how the Codex business case may appear in a blockchain-based environment.
Later, Cryptoauxiliary developed a proof of concept on blockchain for validating when a user submits a small payment to Escrow. Users will be permitted to engage in the online option once their deposit is received by the Escrow system.
After implementing the Proof of Concept, the border director for the Codex protocol was convinced to bring the project forward.
Ethereum Token Design Project by Cryptonaut
The customer requested an ICO smart contract with two-step KYC and whitelisting processes.
The tokens become visible and transferable (in normal wallets) only once both accreditation procedures (whitelisting and verification) are completed and the second switch is flipped (permission for token transfer for all users). Admin must deactivate the switch at some point following the conclusion of the token sale (ICO period).