Mikado

Yesterday, Anton Rosenberg, who previously held the position of Direct of Special Projects at Telegram announced that he will be revealing a new cryptocurrency platform that aims to help blockchain startups maintain token prices after their ICOs.

According to the claims made, Mikado, a crypto derivatives trading platform, will be part of this effort, as it will be bringing solutions to firms looking to raise funds through ICOs. Unlike traditional financial markets that have several methods and individuals that help with the overall construction of the IPOs, ICO starters literally start from scratch. This prevents them from overseeing possible price drops, which is also results from the lack of understanding.

Rosenberg particularly told CoinDesk that,

“many companies who are doing ICOs are trying to get investors’ attention by big bonuses and discounts without an understanding how it will affect the price after the ICO”.

To break things down, this is how Mikado plans to stabilize token values. First, a derivative will be issued for every locked-up token (i.e. bonuses for early investors and team members). Next, the locked tokens will be shifted into a security account for which investors will receive Mikado tokens (MKT) in return.

The previously mentioned steps will take place during the ICO, however, once companies reach the end of an ICO, the locked-up tokens will be destroyed, and investors will be given their rightful tokens that match their investments.

Rosenberg seems to be pleased with the way Mikado helps startups stabilize their token prices. He even suggested that it is a “promising tool to create a “stable commodity-based economy” on the crypto market.”

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Coin Market Cap Price Change 24 Hour Volume
BTC $163.31B $9,192.8958 0.99% $6.58B
ETH $28.68B $269.2024 0.88% $1.93B
XRP $18.83B $0.4430 4.20% $1.06B
LTC $8.18B $131.2900 -1.77% $732.07M
BCH $7.52B $421.3231 -0.99% $225.32M
EOS $6.45B $7.0169 -0.03% $701.78M
BNB $4.88B $34.5576 7.52% $377.62M
BSV $3.91B $219.3091 3.90% $195.61M
USDT $3.53B $1.0029 0.06% $5.93B
XLM $2.48B $0.1276 -0.05% $84.59M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.