TokenGo Platform, could this be a competitor to Steemit?

in #steemit7 years ago

Hi all. As you all know I'm a big ICO fan, definetly in times like these with unstable markets, I tend to invest in several different projects, hoping that the market is steady when the ICO's end and hit exchanges. In my quest for highly promising ICO's, I've found TokenGo platform:

"A FAIR REWARDING, BLOCKCHAIN BASED, BUSINESS TOKENIZATION PLATFORM"

What does TokenGo Platform offer?

TokenGo offers a variety of services, and makes integrating new services easy with their API. Let's take a look at a few of their services:

Initial Coin Offering

Originators of ICO companies can create their own tokens, allowing investors to considerably reduce the time of achieving liquidity and profitability, in contrast to the capabilities of present-day shares.

Creation of a crypto currency

The TokenGo platform enables you to create your own cryptocurrency without any sophisticated programming. You will be able to set all the necessary parameters for coin emission and specify whether a commission fee is to be charged for transactions.

Financial Payments

Companies with financial services can utilize the TokenGo platform for instant payments and transfers worldwide.

Voting Widgets

Any platform participant and GoPower token holder will be able to install a special voting widget on their websites to attract visitors and earn extra income.

Certificate Issuance

How can you demonstrate that the services you offer are reliable and secure? The TokenGo platform can be used to create professional certificates for accountants, healthcare providers, brokers, insurance agents, etc.

TokenGo aims to deliver a lot more services. Including complete ICO startup kits, including a smart contract builder, a cryptocurrency builder & a ICO landing page builder. All easy to use and they do not require any programming skills at all. If you are interested in all of their features, please read it on their website.

That's nice.. But how is TokenGo going to compete with Steemit?

Well, obviously not with the features listed above. But TokenGo is aiming to build a community in which people are encouraged to write highly engaging and top quality content in order to be rewarded with their in-house cryptocurrency called GoCoins and thus earning an income trough content creation.

But that's not all. They also reward content curators, people that spark interesting discussions trough insightful comments, and voters. Is it starting to ring any bells yet?

They are stimulating content creation, just like Steemit.
They are rewarding authors with an income, just like Steemit.
They are awarding curators with an income, just like Steemit.

But here is where it starts to get interesting. In their whitepaper they clearly state that they have been watching other projects roll out their services and have been learning from their shortcomings, to launch a product that's better, faster, safer and more fair rewarding than it's competitors. And they seem to be doing just that. With all their services being coded from scratch, they have built sustainable applications that are as up-to-date as they could be. They've looked into (I can only assume) Steemit's flaws and tried to improve on those points. For example their fair rewarding program, that has a very detailed and transparant calculation of how rewards are distributed. And that's what's important in todays market. Transparancy. I'd suggest you read up on their whitepaper for a highly detailed explanation.

So tell me, Cryptomunt, why are you investing in this project?

First of all. THIS IS NOT INVESTMENT ADVICE, NEITHER DO I ENCOURAGE YOU TO BUY THESE TOKENS. It is merely my point of view on interesting projects, and I write these posts to inform people of the promising projects that are out there, you just have to dig a little.

But, to answer the question I've just asked myself in this header (hehe). For several reasons.

  • I love community driven platforms that reward people for their time and effort
    I think it's heavily underrated in todays economy. A lot of people work dull 9-to-5 jobs which makes them unhappy, while they have a very particular set of skills or just a very big passion for writing/blogging/sharing/communicating. Platforms like Steemit enable these people to earn an income by doing what they love most and I expect platforms like these & TokenGo will see a huge influx of users.

  • The price is really good
    They are currently in a 25% bonus phase (35% if you use this referral link). Pricing at approximately 0.28$ per token (which is nothing compared to Steemit). And although Steemit already has an amazing community, TokenGo has so many additional features built in their platform that I expect it to make up for a lack of a community in it's early days.

  • Holding GoPower (GPT), automatically rewards you with GoCoins (GOC)
    By investing in TokenGo you get GoPower tokens. Holding these tokens automatically grants you a portion of the mined GoCoins, day after day. GoCoins are used as rewards for authors/curators, and are mined daily. In the first months of the project, 90% of the mined coins will be distributed between the GoPower holders, and 10% will go to content creators and curators. As time progresses the creators/curators get a higher percentage and the GoPower holders get less.

TokenGo.jpg

Token Sale Information

ICO start 27.02.2018 00:00 UTC
ICO finish 30.04.2018 23:59 UTC
Soft Cap 10000 ETH
Hard Cap 250000 ETH
Exchange rate 1 GPT = 0.00059714 ETH
We accept ETH, BTC, BCH, LTC, DASH

Token Sale Structure

Total issued 700 000 000
Available for purchase 600 000 000
Strategic partners and early investors 50 000 000
Development team 30 000 000
Bounty Campaign 20 000 000
Regulation: All unsold tokens will be destroyed
Increasing the cost of GPT 0,5% per a day starting from the first day of ICO.

Conclusion?

I am not going to give one. I think this one's up to you to decide. I'm pretty interested to read your conclusion on this project. Do you think it will be able to compete with Steemit? Do you think it is a promising project or do you believe they are trying to do too much? Please, do let me know!

Find additional information about TokenGo here:
Website: https://tokengoplatform.com/
Bounty program: https://tokengoplatform.com/bounty
Whitepaper: https://tokengoplatform.com/pdf/tokengo_whitepaper_EN.pdf

Are you a real ICO-enthusiast like me? Then join me on Telegram and stay up-to-date of all upcoming and promising projects: https://t.me/ICOAnalysisAndNews