The blockchain and cryptocurrency market has been evolving a lot lately. Many start-ups companies with novel ideas are appearing and disrupting many old markets with great ideas and excellent technology. This is the age of great investments but if you want to participate in this profitable scheme, you have to make an effort to learn the best ways to invest using your cryptocurrency.
Fortunately, our blog is at your disposal to help you when you need to find the best investments and you have no idea on where to begin. We review many of the most interesting investments of the cryptocurrency market for our readers. Today, our subject is a new company called ALMBank AALM.
What is ALMBank?
ALMBank AALM was created to be a marketplace platform which will be able to improve charitable culture and create new jobs. The biggest idea that drives this company is to employ people by finding meaningful jobs that they can make to help other people.
The company states that it wants to help freelancers to find jobs and to demonstrate their skills and create a portfolio and help in the building of Initial Coin Offerings (ICOs) creating functional teams. The idea of the company is to break the division between profit and non-profit work and pay people to do charity. Does this sound weird and somewhat sketchy? Yes, it does, but it is not as bad as it sounds.
The idea is definitely novel, but also somewhat tricky: give people charitable jobs but also pay them for that. ALMBank intends to use its cryptocurrency to fund these charitable jobs and create job opportunities at the same time that the company helps the world.
How Does ALMBank Work?
The company, which describes itself as a fusion of GoFundMe and Craigslist, intends to create a job marketplace like Upwork (but with fewer fees for its clients). The jobs will be paid with cryptocurrency.
People will be able to be hired fast, as cryptocurrency payments are generally quick and start to work in the cryptocurrency industry (which is the industry that this company is aimed at). This part of the company will the be the standard one and it will fund the charitable part. The funds acquired through the fees will be used to fund charitable projects.
How will these charitable projects be chosen? The company will vote for them and decide which ones can be the best. This will ensure that the projects funded by the company will be really charitable because they will be chosen by the community of token-holders.
Even big projects can be funded via this model, as the ALMBank intends to fund at least one long-term project per year, again chosen by its community.
How to Invest in ALMBank?
To invest in this company, you will have to acquire ALM tokens, which are the cryptocurrency that it is going to be used in this company. You will be able to get your ALM tokens by participating in the Initial Coin Offering (ICO).
The ICO will have two distinct phases: the pre-sale and the main sale. The pre-sale will be made by email. If you want, you can contact ALMBank right now to make a transaction. The main sale will begin on January 28 and will last about a month.
During the pre-sale you will be able to use 1 ETH to acquire 4695 ALM tokens, but you will pay more for them later, so if you really are sure that you want to invest in this company, you should invest before the beginning of the main sale and you will be able to pay less for the ALM tokens that you are going to acquire.
Also, you will receive bonuses if you invest more. The bonuses are as follows:
- 1-3 ETH: 5% bonus;
- 3-10 ETH: 10% bonus;
- 10 or more ETH: 15% bonus.
You will only be able to buy tokens using ETH, this means that you will have to exchange your tokens if you do not use this cryptocurrency normally. It is important to notice that this company will only tokens from the following wallets: MyEtherWallet, ShapeShift and EthereumWallet.
The ALMBank AALM ICO Verdict
Is this company a great investment for you? Maybe. The company does not show any red flags for scams of any sort, which is always great news and does seem to know what it is doing. This is always a great sign.
On the other hand, the company does not seem to be wanting to profit very much, too. It is, after all, a charitable company which wants to use its profit to fund interesting projects. Because of this, unless you are into charity, maybe choosing this company is not necessarily the best idea ever for you and you can find many other companies which will give you a greater return on investment.
If you are interested in ALMBank and you want to help this company to achieve its goal, go for it. The money will certainly be used for charity and you might still get a return on investment because the ALM tokens will very probably be worth more money in the future than they are right now, so ALMBank is far away from being necessarily a bad investment. You can trust this company after all.