Zeon, a community-driven project that works to solve the main problems of the encryption industry, seems to have the answer to this burning question.
We can all admit that we were once newcomers to cryptoeconomics, which, from time to time, received a message like this or quite similar. The experienced can affirm without remorse of conscience that the encryption market is complicated and constantly changing, so the only answer is experience. Let us share ours with you.
The startups offer their future customers the tokens to represent the functionality of their products at an attractive price. While the success of any startup depends on the development of a successful blockchain utility, the value of the token can also increase. It looks good in theory. Everyone can become a small risk investor and multiply their capital. However, the opposite is also very possible, since tokens can lose value. This raises the question: who is responsible for the money invested? Unfortunately, the only answer is: nobody.
When we transfer our money to any wallet, all the chips become the property of the owner of the wallet. Nobody can reimburse the investment, and this is the main problem that can be faced when investing in ICO.
Blockchain solutions for Blockchain problems or how to recover control of your money
Some ICOs have a custody service to guarantee the financing of the investors. Governments discuss the regulation of ICO, but the downside of this is how they can be represented within the blockchain ecosystem. This about putting wooden wheels on the horse carriage in a new sports car will simply not work. To address this, we must look for a blockchain solution that can handle specific blockchain problems that can be implemented within the ecosystem, not outside it.
Some encryption projects made attempts but they were moments of situation. ZEON proposed a global decision: a project driven by the community with Smart Blockchain, which has presented a concept called ATLAS. ATLAS makes the UCIs safer by involving investors during the initial process of project development. It provides a level of responsibility to developers that give tokens holders additional guarantees that their investment is safe. With the Atlas concept, ZEON can guarantee its card holders a viable minimum product or recover their money.
How does it work?
The ZEON platform assigns each developer an individual wallet address at no cost to collect investments. All funds are blocked in a wallet accessible to both taxpayers and developers, and the latter can only withdraw at a rate agreed upon by both parties through an intelligent contract.
In general, there are two types of interaction with the ICO / crypto project:
- ZNC tokenholders issue secured purchases: this will be more popular in the early stages as the ICO / crypto project teams become familiar with the ZEON network.
- The ICO / crypto project issues secure purchases.
Once ZNC is purchased during a particular ICO, the user receives the tokens in ZEON Multi Wallet (including ETH sub-tokens, altcoins or other assets). This allows project funds to be monitored and allows both parties to vote to reduce or increase the daily financing of the equipment (DAO principle). With this, each user can be sure that their purchase is reliably protected by ZEON.
Secured investments are possible thanks to ZEON’s main block chain, intelligent contracts, smart block chains (sharding) and the Hyperion oracle.
The Hyperion system continuously receives exchange data and intelligent contracts. Once a start coin is issued in an exchange, the start rate is stored through the Hyperion protocol for further analysis. The protocol analyzes the profile and determines an “average arithmetic value of the current value of the ICO tab” using a patented formula.
All this being said, it should be borne in mind that the presence of a striking and beautiful project site, or even known cryptography advisors, does not guarantee that the funds invested can be returned or have any effect on the growth of a currency or token. In many cases, only the divergence of vision between the founders or the main developers leads to failure or scandal: accidents occur. That is why we believe that the cryptography industry needs projects like ZEON and similar to bring to the surface the strengths of an open and efficient community, and to alleviate those who are entangled in contradictions by anxiety.