2 companies: BOMBED the ICO, but still CRASHED & burned!

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    2 companies: BOMBED the ICO, but still CRASHED & burned!

    Hi lelakikelasmenengah@gmail.com


    Just picked up this really cool 

    graphic from social media, to share with you...


    and then we'll talk about the 2 companies 


    LOL!! This says a lot, doesn't it? 


    Look, news.bitcoin.com published a report in February this year, 

    saying that 46% of the ICOs in 2017 have already failed...


    (failed in February itself, LOL!) 


    during an ICO, there's too much hype...


    ...and now that the dust is clear, there's BIG crypto graveyard, 

    Abandoned Twitter accounts, empty Telegram groups, websites 

    no longer hosted, and communities no longer tended are par 

    for the course


    lets discuss the 2 companies which BOMBED the ICO,

    but still crashed & burned!



    Bee Token


    The Bee Token crowdsale was a huge success story right 

    up until the moment it started. 


    Dubbed as a decentralized Airbnb, Bee became one of the 

    most oversubscribed ICOs of the year. 


    Having built an engaged and passionate community, conducted 

    KYC for the whitelist, and set a low contribution limit of 

    0.2 ETH, everything seemed to be in place for a successful 

    ICO offering.


    although the ICO hit its hard cap, there was one incident, 

    which damaged Bee Token, to an extent that they haven't 

    been able to recover from...


    hackers somehow snatched the Bee Token whitelist and 

    sent out phishing emails on day one of the ICO.


    This showed the community how unsafe were the security 

    procedures at Bee Token. 


    Today the total value of the Bee Token colony has collapsed 

    to just 0.06x its initial ICO valuation.




    Narrative Network


    initially, they faced massive problems with the tech. 


    A content-creating site with crypto payments, Narrative Network 

    was dubbed as 'the next Steem' before it failed to gain any. 


    their biggest mistake, was to shift ICO from Ethereum blockchain 

    to Neo. Not a lot of ICOs used to happen on Neo, and there was

    risk involved...


    ...it actually turned out to be a mistake, because the launch with 

    NEO led to something known as 'node processing discrepancy' 


    anyway, despite this, they were able to raise $14.4MN. 


    Which is quite good. 


    post that, there were accusations that the company got greedy, 

    because they decided to retain 50% of the tokens to themselves. 


    result, NRVE tokens are now worth 0.06x their initial dollar value.


    Listen, one of the reasons why our community is excited, 

    is because Altexch is a crypto exchange...


    ...hence, based on a proven business model, with even 

    better features. 


    even common sense & practicality dictate that Altexch 

    is going to BE A HIT!


    You can still grab the tokens in public sale while it is at discount


    - Team Altexch 


    PS: our Telegram group is buzzing with activity, 

    => click here to check it out!


    Also, Click Here to read the yellow paper


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    From The Desk of Altexch News


    Discussion on Crypto policies in the next G20 summit

    According to a report from bitcoin.com, the G20 

    countries are now preparing on establishing crypto 

    policies at the upcoming G20 summit held on June 

    28 and 29 in Osaka Japan. According to Wikipedia 


    No place for crypto but blockchain in RBI's regulatory sandbox

    RBI, the central bank of India launched its framework 

    for Indian regulatory sandbox where the financial 

    regulator embraced blockchain and smart contracts, 

    however, on the other hand 


    Forbes released a list of 50 companies in billion-dollar club implementing blockchain

    Forbes, a business and finance based news outlet 

    released a list of companies in billion-dollar club 

    implementing blockchain technology. The list was 

    published on 16th April that shows 50 companies


    Japanese FSA tightens Crypto Regulations

    According to reports from AtoZmarkets.com, The 

    Japanese Financial Services Agency (FSA) is working 

    on establishing new regulations with respect to cold 

    wallets, which are used for the purpose 


    The Aragon Project

    The Aragon project, launched in 2016 is envisioned as 

    a way to offer users the tools needed to build a decentralized 

    organization. These organizations would be secured 

    cryptographically and run 


    China Turning the National Currency into Cryptocurrency

    Donald Tapscott, executive chairman of the Blockchain 

    Research Institute, recently stated that the official Chinese 

    currency, the renminbi (RMB), will be becoming a cryptocurrency. 



    Alt Exchange LLP Suite No. 1094, 16 Albert Hoy Avenue, Belama Phase , Belize, London, United Kingdom 897678


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