NCFA Blockchain Fintech CONFIDENTIAL (Vol 1, Issue 1)
The National Crowdfunding & Fintech Association of Canada (NCFA) and exclusive Title Partner of the 4th VanFUNDING conference held in downtown Vancouver Nov 29-30, 2018, TODA Network, are proud to present select content in an inaugural pop-up digital magazine format. This year’s theme, CONVERGE, immerses participants and builds bridges across the most disruptive emerging technologies, capital market innovations and key stakeholders that are powering new global markets, new decentralized models, new forms of computer intelligence, new IP, new infrastructure and new alternative investment opportunities toward the vision of a Web 3.0. The world is undergoing unprecedented change that is already affecting our daily lives — how we interact with financial services, generate digital wealth, invest, evaluate, consume, vote, store, transfer, and purchase anything of value. Blockchain’s momentum is not slowing down anytime soon and its capabilities for revolutionizing the financial industry go beyond merely eliminating the “middleman” to harnessing the power to improve fraud detection, transparency and trust, and enhance financial management, change the nature of money and encourage financial inclusivity. The potential is limitless. While blockchain technology has shown immense potential to push us closer towards a utopian financial world, the global penetration of [this technology] is less than 0.2 per cent. While individuals should remain cautious about fraudulent businesses that have arisen from people looking to cash in on the hype, the next wave of blockchain adoption and utilization will be like a tsunami, [where] you can partake in what's yet to be the most disruptive technology in human history or ignore it and get disrupted. We’d like to thank all the partners, speakers, attendees, volunteers and the entire organizing team for coming together to make VF2018 an incredible experience. Congratulations to Symend, Very Good Butchers and MOCA Estimator and for winning the pitching competition. We wish you all great success! The commercialization of emerging technologies is a journey, not a sprint. With this in mind, we encourage you to converge with us in volume 1, issue 1 of ‘Blockchain Fintech CONFIDENTIAL’ and step inside the future of blockchain, fintech, AI and alternative investing.
The National Crowdfunding & Fintech Association of Canada (NCFA) and exclusive Title Partner of the 4th VanFUNDING conference held in downtown Vancouver Nov 29-30, 2018, TODA Network, are proud to present select content in an inaugural pop-up digital magazine format.
This year’s theme, CONVERGE, immerses participants and builds bridges across the most disruptive emerging technologies, capital market innovations and key stakeholders that are powering new global markets, new decentralized models, new forms of computer intelligence, new IP, new infrastructure and new alternative investment opportunities toward the vision of a Web 3.0.
The world is undergoing unprecedented change that is already affecting our daily lives — how we interact with financial services, generate digital wealth, invest, evaluate, consume, vote, store, transfer, and purchase anything of value.
Blockchain’s momentum is not slowing down anytime soon and its capabilities for revolutionizing the financial industry go beyond merely eliminating the “middleman” to harnessing the power to improve fraud detection, transparency and trust, and enhance financial management, change the nature of money and encourage financial inclusivity. The potential is limitless.
While blockchain technology has shown immense potential to push us closer towards a utopian financial world, the global penetration of [this technology] is less than 0.2 per cent. While individuals should remain cautious about fraudulent businesses that have arisen from people looking to cash in on the hype, the next wave of blockchain adoption and utilization will be like a tsunami, [where] you can partake in what's yet to be the most disruptive technology in human history or ignore it and get disrupted.
We’d like to thank all the partners, speakers, attendees, volunteers and the entire organizing team for coming together to make VF2018 an incredible experience. Congratulations to Symend, Very Good Butchers and MOCA Estimator and for winning the pitching competition. We wish you all great success!
The commercialization of emerging technologies is a journey, not a sprint. With this in mind, we encourage you to converge with us in volume 1, issue 1 of ‘Blockchain Fintech CONFIDENTIAL’ and step inside the future of blockchain, fintech, AI and alternative investing.
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White Paper Examples:<br />
— Monetha<br />
— Filecoin<br />
— Aeternity<br />
References:<br />
How to structure an ICO white paper<br />
How to write a cryptocurrency white paper<br />
How to Develop White Paper for ICO: Do’s<br />
and Don’ts<br />
DESIGN THE TOKEN<br />
Determine the following:<br />
— Purpose of the token<br />
— Functionality or utility of the token<br />
— Distribution and allocation of the token<br />
— Budget forecast for five (5) years<br />
— Spend distribution: Development<br />
& operations, legal & compliance,<br />
marketing and community outreach<br />
— Lockup period for company and insiders<br />
— Cap, if any<br />
— Pre-registration, if any<br />
— Time period<br />
— Geo-fencing, if any<br />
— Types of investors (individual or<br />
institutional investors)<br />
Would your token pass the CrapCoin<br />
Checklist?<br />
References:<br />
The ICO Handbook<br />
The Pre-ICO Checklist, with William<br />
Mougayar and Ty Danco<br />
10 keys for evaluating Initial Coin Offering<br />
(ICO) investments<br />
SMART CONTRACT CREATION AND<br />
TECHNOLOGY<br />
The following is a list of smart contract and<br />
token issuance platforms. The most popular<br />
platform is Ethereum ERC20 Tokens.<br />
— Ethereum ERC20 Tokens<br />
— Ethereum Classic ERC20 Tokens<br />
— Counterparty<br />
— OpenZeppelin<br />
— NEO<br />
— Waves<br />
— Stellar<br />
— COMSA platform for Token Sale &<br />
Exchange Listing<br />
References:<br />
ICO smart contracts Documentation<br />
Analyzing Token Sale Models<br />
How To Create Token and Initial Coin Offering<br />
Contracts Using Truffle + OpenZeppelin<br />
Your Guide To Running An Initial Coin<br />
Offering, For Better Or Worse<br />
Using Stellar for ICOs<br />
SMART CONTRACT SECURITY<br />
Here are a few known attacks:<br />
— Attacker execute malicious code within a<br />
transaction<br />
— Order of transactions is manipulated<br />
— Timestamp of a block is manipulated<br />
— Gas limit in a block occurs because you<br />
are paying out to everyone at once<br />
Here are a few things you could do:<br />
— Upgrade broken contracts<br />
— Pause the functionality of a contract<br />
— Delay an action of a contract<br />
References:<br />
Ethereum Smart Contract Security Best<br />
Practices<br />
Known Attacks<br />
Security Tools<br />
Software Engineering Techniques<br />
MARKETING<br />
If you are issuing an utility token, promote the<br />
token based on its functionality. Consider the<br />
following:<br />
— Your main token buyers may be<br />
underwriters, investors, traders and<br />
organic users and consumers of your<br />
product<br />
— Translate your content in different<br />
languages<br />
— Attend and speak at Conferences for 4–6<br />
months in North America, Asia and Europe<br />
— Build community<br />
— Make ICO website<br />
— Draft an explainer video<br />
— Update Github repository<br />
— Place your event on Exchange Listing<br />
Assistance<br />
— Consider bounty campaigns<br />
— Set up social media including Twitter,<br />
LinkedIn and YouTube<br />
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