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Blockchain and cryptocurrecies are evolving at a steller pace. The ever-chnging industry has taken the world by surprise when more and more projects started to finance their ventures using an Initial Coin Offering – the famous ICO.
In addition to “ICO”, multiple other names have been given to the creation of a new coin eventually sold to investors, such as token generation event, security token offering (STO), and initial token offering (ITO). The names vary depending on local legislation and terms the blockchain professionals have adopted. In sum, regardless of their name, they enable projects to crowdfund by targeting public investors, especially retail.
The Era of ICOs
Designed sometimes in 2009, Bitcoin kickstarted the age of cryptocurrency. It raised no money at first, but people could let the Bitcoin network use their computers to maintain and confirm transactions for the Bitcoin network. The people who provided the computing power got rewarded in Bitcoins.
Problem of the Crypto market
The crypto market is still young and so, plagued by a number of sticking issues. The market had in 2017 reached a value of 800 billion USD before it began to nose dive for the better part of 2018. The problem has been that of over capitalization and it made investors to lose a lot of money.
Concretely, the problems of the market are outlined below:
Liquidity – the non-existence of avenues to enter the market with funds that are more than what the market offers at present is a serious hindrance to increased cash movement in the market.
Provision – owing to the lack of maturity of the market and the makeup of the traders, the vast majority unprofessionally trading in this market, companies that issue crypto assets have attracted large sums of money in cryptocurrencies, promising a future increase in the price of issued tokens without the presence of real products.
Secondary market – because of the non implementation of a lot of blockchain concepts, and most a times to the complete non existence of a real business model, the tokens of these start-ups follow the well known trajectory of infinite price decreasing and even to a level of complete depreciation.
Other issues that need to be tackled head long include reliability, security, and risk control.
Saturn intends to garner popular support for services
The brains behind the project, in their development of the platform’s atomic exchange services are counting on the support of the community depicted by the millions of crypto stakeholders globally.
So, the listing or quoting of crypto assets will be determined by the requirements of the community in the markets and the platform’s team will organize constant voting, beginning with the first stage of Token sale as it will help in understanding the capacity of the markets and the need to grow the secondary market.
Apart from that thee local services for the over-the-counter transactions and an auction will make holders with big amounts of assets to have their assets through the platform – Saturn.
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Saturn has an edge over similar projects in the areas such as:
Reduced risks when considered side by side with traditional exchanges, it also has a software that allows the blockchains of the assets exchanged and the internet connection. Another area that Saturn maintains advantage is in its reward system. It makes provision for the maker and the referral program of the platform is the best.
Saturn has an aim which is to make real direct contact between the seller and the buyer, and guarantee the security of the transaction in automatic mode and at the same time maintain the anonymity of the parties involved.
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https://saturn.black/
https://bitcointalk.org/index.php?topic=5075635.0
https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
https://web.telegram.org/#/im?p=@saturn_ENGchat
https://bitcointalk.org/index.php?action=profile;u=2084674
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