PARTICIPATE IN A SECURE PROOF OF STAKE TOKEN
The structure of current ICOs leave participants susceptible to headaches and woes. Autoria tries to be different.
Solving the ICO Dump Crisis. By Stuart Farmer posted July 4, 2017
We’ve seen quite a slump in the last few days in the Ethereum market and Ethereum investors are blaming it solely on the ICO fever. There is an accusation that some of the major ICOs such as Tezos and Eos are dumping their Ether on the market to liquidate it into usable funds for their business costs. This makes sense, but it also hurts the overall market. Similarly, you are seeing the whales who have gotten into the ICO early dumping their shares completely onto the marketplaces to make a quick buck, thereby destroying the value of the new asset.
With Autoria, we are combatting this behavior by limiting the amount of tokens our participants have immediate access to over the course of a year. Instead of purchasing the coins directly, participants purchase a stake that is distributed based on our proof of stake algorithm. We are also limiting initial participation to 100ETH to prevent whale buyers from controlling the entire asset. This allows the stakes to be distributed and fair.
Over the course of the year following our ICO, we will be releasing applications that will solidify Autoria’s standing in the market for the long term so that once all the tokens are dispersed, there is an ecosystem of value already created for the digital economy to function. In the beginning, these applications will be the simple gaming applications that bring in high volumes of activity. However, that will then transform into our mobile application, which will feature a peer-to-peer exchange, binary options, etc. as well as merchant services to provide a pipeline from Autorium currency into USD Tether into fiat and back so that merchants can take advantage of the benefits of crypto without the technical hassle.
It’s a trying time in the crypto market, but part of the beauty of cryptocurrency is that the community can develop new innovations to solve the growing pains we are experiencing. A decentralized community of developers can achieve more than the traditional centralist approach that is the current status quo.
We hope to see you soon as an early Autoria user so we can pave the path together in this exciting new field.
- Automatic selfmining technology which allows for a completely transparent and fair token distribution model and effortlessly produces liquidity - Autorium will take approximately 1 year to mine until completion. At mining completion, the number of tokens available will be a function of mining wells sold during the 3 week crowdsale - Novel proof of stake token distribution method which prevents token dumping, rewards investors, and prevents hoarding of token generating assets
1. Initial Distribution
3. Decentralized Applications
4. Deliver Core Services
5. Sustained Growth
Attention. There is a risk that unverified members are not actually members of the team
$10 000 000
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.