The digital assets lending field seems to be heating up with Blockchain.com starting to offer lending directly to retail consumers globally. Borrowed USD stablecoins can be used by crypto traders to fund their next trades and thus increase the leverage of their holdings.
Popular Wallet to Offer Crypto Lending for Global Retail Users
Blockchain.com, the provider of cryptocurrency services with over 46 million wallets created to date, has launched Borrow, a product offering retail users to borrow USD-pegged stablecoins against crypto assets held in their wallets. The new lending service is now available to users in more than 180 countries.
This launch follows the launch by Blockchain.com of an institutional lending desk in August 2019, which was handling $120 million a month by November. And the company said it will be offering retail users access to the same liquidity pool as institutional investors.
The company explained that as soon as the collateral is posted, users receive their loan and are free to use the stablecoins however they see fit. This means that retail traders can also use it to fund new trades without cashing out their previous investments and thus increase their leverage.
“Institutional and retail investors have the same financial goals – grow wealth and manage risks – but the tools at their disposal are vastly different,” commented Peter Smith, CEO of Blockchain.com. “Now, with our suite of trading products and Borrow, retail users can trade like the big guys without selling the crypto they’ve stockpiled or leaving their wallet.”
Digital Asset Lending Field Is Getting Crowded
On Thursday, March 5, custody service provider Bitgo announced that it is now offering institutional digital asset lending services after a few months of private beta. The lending service was said to be built by a Wall Street team that understands institutional investors’ needs.
“Our goal was to build a lending business that is similar to lending businesses in the traditional financial markets,” said Nick Carmi, Head of Financial Services, Bitgo. “We are not interested in a high-volume, low-margin business; we are building deep relationships with our clients to drive value for them and to create a long term, sustainable business.”
Babel Finance, a Chinese crypto lending company, also released its 2019 annual report on March 5. In its outlook on 2020 the report noted that “The lending market is increasingly crowded because of the horizontal development strategy adopted by various crypto finance players.” Still, the company’s outstanding loan balance broke a new record high this year, reaching $380 million on February 18, 2020.
Ever since the game CryptoKitties was released in November 2017, the concept of nonfungible token has been ingrained in the minds of developers and investors in the crypto community. However, 2019 has been the year that NFTs have gained mainstream attention. And it should come as no surprise that even huge, multinational companies are currently developing NFT projects.
Recently, Mirosoft’s blockchain-based cloud platform, Azure, released its own nonfungible tokens program called “Azure Heroes” with the aim of rewarding its developer community.
Through Azure Heroes, Microsoft is on a mission to empower technical practitioners of all backgrounds. With that as the objective, it has created a tool to inspire the community to learn, coach and build on Azure while promoting healthy and inclusive behavior.
Issuance and transactions of “Badger” collectibles will be carried out on the Ethereum network, allowing winners to hold them as NFTs. The tokens were created in partnership with Enjin, a platfor that specifically caters to the video game industry.
In order to earn one of these Badgers, Azure developers must first be nominated — either by themselves or by the community. Then, the community moderators will select the best nominees, based on their performance, to be awarded a Badger. Winners will then be provided with a QR code that can be used to redeem their Badgers via their Enjin wallet, where it can then be transferred to any other NFT-compatible Ethereum address.
The rise of NFTs
Fungibility refers to an item that is interchangeable with another, identical item. A dollar bill or a grain of rice is fungible — i.e., mutually interchangeable with other dollar bills or grains of rice. On the other hand, a house or a piece of art constitutes a nonfungible item — i.e., not mutually interchangeable with other houses or other works of art. Keeping this distinction in mind, an NFT is a unique digital asset with a traceable history that differentiates it from other assets that appear similar.
One of the most interesting things about NFTs is their ability to fundamentally change digital ownership. Until now, people never truly had ownership of anything that they purchased virtually. Purchasing in-game items and treating them as real-world assets is one thing, but the reality is that they don’t belong to the players who made the purchase; they belong to the game’s publishers.
However, 2019 was the tipping point for the adoption of NFTs, and there are a few reasons for this — at least in the gaming community. First of all, games like Gods Unchained were game changers upon their release.
Developed by Australia-based blockchain gaming startup Immutable, Gods Unchained is a turn-based digital trading card game that operates on the Ethereum blockchain. There are other collectible games — such as Decentraland, Etherbots, Spells of Genesis and Rare Pepe — whose popularity rose in 2019. However, outside of the gaming industry, companies utilizing NFTs, such as SuperRare, Zcrafty and Terra0, have also gained prominence.
Marketplaces like OpenSea, RareBits and OpenBazaar have also started to trade NFTs as crypto collectibles. The infrastructure around NFTs is also improving. 0xcert offers developer tools for issuing and managing NFTs. In addition, Codex Protocol has developed a decentralized registry for unique assets like art, fine wine, antiques and more.
Moreover, there are other factors for why NFTs are becoming more popular, one of them being an interest of multinational corporations in blockchain gaming. In September 2018, one of the biggest names in gaming, Ubisoft, sponsored the Blockchain Game Summit in Lyon, France. The following month saw Ubisoft become an inaugural member of Blockchain Game Alliance. When asked about the current use of NFTs in popular products and services, Ethan Pierse, the director at the CryptoAssets Institute, told Cointelegraph:
“Indiegogo and GoFundMe have also shown that people are willing to spend plenty of money supporting causes and products that they believe in. On Indiegogo, the product you get is called a Perk, and on Kickstarter, it is a reward, and people have contributed billions to those crowdfunded projects.”
Pierse went on to add that brand loyalty and self-identification are likely to intensify further, as supporters are also able to show off digital collectibles, concluding that:
“If those tokenized collectibles also have value as an asset to encourage hodling and trading, then we are looking at a digital version of the same craziness seen with Beanie Babies or Magic: The Gathering cards. A $90000 Magic card was just tokenized for 124 investors on collectible assets platform Mythic Markets.”
Diversification of use cases of NFTs
There is a noticeable drive for the development of NFT use cases beyond entertainment. Specifically with the case multi-layer blockchains, the foundational layer — which is the home of assets such as Bitcoin — is increasingly shifting toward being a store of value, presenting a segment of the market in which high-value NFTs can develop.
NFTs can signify ownership of high-value or sensitive physical, illiquid assets such as artwork or real estate. The latter is especially an area that can profit from the use of NFTs. Additionally, there is a drive to use tokenization and fractional ownership to make these investments liquid. For instance, NFTs can represent individual units in a property owned by multiple families.
Even though many look at NFTs as a way of building new financial assets and democratizing access to capital, regulation is likely to act as a hindrance. For example, the NFT platform Codex Protocol aspires to use NFTs as a medium to fractionalize ownership of a piece of art. While this is interesting in theory, there is a risk that doing so would turn these tokenized assets into securities, which would then need to be regulated as such.
Jonathan Brandt, the principal information technology consultant at the Willow Group who designed a course on blockchain at Minnesota State University, told Cointelegraph:
“I believe a major obstacle to the adoption of NFTs for more serious purposes, say, the provenance of antiquities or the tracking of a medical supply chain, is the lack of intuitive or obvious methods for redress and recovery. Ironically, many of the centralized institutions which blockchain stands to dismantle are really good at this. Microsoft, like it or not, has achieved tremendous mass-adoption of Internet Explorer, Windows, and the Office suite. It has the reach and the gravitas to nurture acceptance of NFTs.”
How NFTs can create value for an enterprise
Essentially, the evolution of NFTs is heavily dependent on the underlying blockchain infrastructure. Optimizing for scalability and transaction speeds, for example, is anticipated to have a huge impact on the rate of development for the space. Besides this, the absence of accessibility when it comes to NFTs is a real problem that has yet to be solved, and the entry of big players like Microsoft can go a long way to help.
Enterprises can use NFTs for inventory management, where certain tokens can be combined with other tokens to represent an assembled product with multiple component parts. Another area where NFTs can find application in enterprises such as Microsoft is in licensing software.
Such licenses have been traditionally represented by keys, but NFTs stored in wallets can now be used to grant permissions. Real estate is another example of a unique asset that can potentially be represented as NFTs. Additionally, identity management — both in social media and in enterprises — can leverage nontransferable NFTs.
Microsoft and blockchain
Through Azure, Microsoft has made many pioneering efforts toward blockchain adoption. Over the course of 2018, it has launched a blockchain development kit and the Azure Blockchain Workbench.
In May 2019, the company also unveiled the Azure Blockchain Services, which is a fully managed service that allows for the formation, management and governance of consortium blockchain networks.
Along with these products, the company has launched an extension to Visual Studio Code to help developers create and compile smart contracts based on Ethereum, and then deploy them on the public chain or on a consortium network in the Azure Blockchain Service. Regarding this, Pierse, the CryptoAssets Institute’s director, said:
“Azure is locked in a battle to differentiate itself with AWS, Oracle, and Heroku among others. If nothing else, this creates visibility and further engages Azure’s existing communities. I’m not sure that CTOs that have committed to other development platforms are going to make strategic decisions based on which ‘badger’ they can get, but I do think this could further showcase the engagement of Azure’s developer community.”
Soon after the announcement of Azure Heroes, Microsoft also unveiled new tokenization and blockchain data management services, highlighting the increased adoption of blockchain in enterprises.
Bitcoin wallet and blockchain explorer provider Blockchain announced a partnership with the largest bitcoin processor, BitPay.
According to a blog post published today, Blockchain will integrate BitPay’s payment architecture into its wallet service. This partnership will allow Blockchain wallet users to pay merchants online or on mobile.
BitPay processes approximately $1 billion in bitcoin alone every year for businesses and individual clients and over $2.8 billion in other cryptos for institutional clients since 2011. The firm has built an ecosystem of merchants that accept their payments – including Amazon, Delta, and Hotels.com – because, as a payment processor, it offers the option to settle in fiat currencies and provides invoices.
Likewise, Blockchain is often regarded as one of the world’s largest wallet providers with approximately 38 million users, of which more than half are located outside the United States. Further, the firm’s wallet users account for roughly a quarter of all on-chain bitcoin transactions.
“We’re excited to see this new addition connect our Wallet users to the world of merchants that accept Bitcoin (and soon other cryptos) as a payment method — one of the key ways to interact with and grow the digital asset ecosystem,” Blockchain writes in a statement.
Blockchain’s wallet service is non-custodial and offers an optional know-your-customer (KYC) verification for users who want in-wallet trading capabilities. Whereas, BitPay requires its users to undergo KYC requirements.
In July, Blockchain unveiled its crypto exchange platform the PIT, with optionality to connect the firms wallets for nearly instant transfers.
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.
In last week’s column — my third on Libra — I referred to a core dilemma confronting the cryptocurrency project’s financial inclusion goals: the impossibility of being both pro-privacy and pro-KYC.
I promise a break this week from Libra and its controversial founder, Facebook. But I want to dive deeper into that dilemma because the problem is hardly unique to that project. As “know-your-customer” rules have steadily encroached into their world, all cryptocurrency startups trying to expand financial access for the poor are hamstrung by requirements to identify and track the people they seek to serve.
This contradiction stems from tough policies contained under Anti-Money Laundering and Combating the Financing of Terrorism rules (AML-CFT), which were tightened worldwide after the September 11 attacks in 2001 and then again after the financial crisis. Since virtually every bank needs access to dollars, KYC rules everywhere tend to follow models laid down in the U.S. Bank Secrecy Act and in guidelines of the U.S. Financial Crimes Enforcement Network, or FinCEN. Further internationalizing pressure comes from the inter-governmental Financial Action Task Force, or FATF, which sets the regulatory standards by which countries pressure each other to comply.
This network of rules, which empower enforcement agencies to impose stiff fines, hold the Sword of Damocles over bankers’ heads, driving them into risk-averse positions. Bank compliance officers need only mention HSBC (fined $1.9 billion for enabling Mexican drug money laundering) or Standard Chartered (hit with a $1.1 billion fine for similar lapses with Iran) to convince their bosses of a rigorous approach to identifying and profiling customers.
Criminals still have a host of mechanisms to move money around and avoid sanctions. Yes, some use bitcoin – which is why the FATF this year introduced tougher rules for what it calls “virtual asset service providers” – but cryptocurrency’s role is far smaller than that played by fiat currency banknotes. And as revealed in the Panama Papers in 2015, all sorts of shady entities continue to help crooked politicians and their financiers hide identities and obscure money movements.
What we do know is that these rules hinder financial inclusion.
Caribbean governments, for example, complain that their economies have increasingly suffered “de-risking,” as tougher compliance has stanched investment flows to the islands.
The consequences are even more severe for poorer countries, where state-led IDs are either non-existent or easily forged. The heavy scrutiny that foreign banks apply to their counterparties in FATF-labeled “high-risk jurisdictions” means the bar for businesses and individuals in those countries to obtain local banking services is very high. It’s a key reason why 2 billion people worldwide are considered “unbanked.”
This, of course, has a negative impact on poverty, which in turn feeds crime and terrorism – the very problems AML-CFT is intended to fight.
Consider Somalia, a failed state whose institutions are often blacklisted by the world’s biggest banks. It’s difficult and costly for Somalian expats to send money home to family members who rely on such remittances. This perpetuates poverty, drives people into informal payment systems and fosters the disenfranchising economic conditions in which terrorist organizations such as the Somali-based Al Shabaab thrive.
Talk about a perverse effect.
Is cryptocurrency the answer?
The Cypherpunk answer is to say, screw governments. People should use bitcoin, since it enables peer-to-peer digital payments without the intermediation of a regulated entity.
The problem lies at the crypto on- and off-ramps, where government surveillance has become ever more intense. The FATF’s new “travel rule” says cryptocurrency exchanges should be required to obtain information, not only about their customers but also on their customers’ customers, forcing cross-exchange information-sharing. This suggests the only environment where cryptocurrency transactions will be free from KYC exists solely between self-custody wallets. The minute a transaction touches the custodial structure that underpins most exchanges, cryptocurrency will be subject to KYC reporting.
Decentralized exchanges, or DEXes, which provide price and matching services but take no custody of clients’ coins, might be a way around this problem. Recent FinCEN guidance excluded them from the definition of regulated money service businesses in the U.S.
Also, with Helsinki-based LocalBitcoins announcing new KYC rules this year due to a new Finnish anti-money laundering law, it has become much harder for people to find each other in person and agree on a price for exchanging cryptocurrency for fiat without being officially surveilled.
In any case, it’s simply impractical for people in the developing world to use bitcoin as their main unit of account and medium of exchange. Perhaps Libra, with its basket-based stability mechanism, could evolve into a day-to-day payment vehicle, but as we saw from David Marcus’s testimony to Congress, that corporate-backed project will require KYC.
Bottom line: the poor need an easy-access fiat on-ramp.
Monitoring tech advances
We’re back to square one: financial inclusion goals suffer at the expense of governments’ crime-fighting objectives.
One could argue governments should decriminalize money – combat the actual crimes of drug trafficking, arms dealing, and so forth, but treat the right to exchange value as a human right. Let’s be realistic, though: that isn’t going to happen.
So, how to escape this vicious cycle? The answer may lie in blockchain technology’s own capacity to track transfers between pseudonymous accounts – though not as currently applied.
For some time, transaction-trackers such as Elliptic and Chainalysis have helped law enforcement agencies trace cryptocurrency payments to and from bad guys and provided rigorous AML monitoring audit services to companies.
Now, newcomers such as the Coral Protocol and CipherTrace are using high-tech network analyses and cryptographic protections to help businesses share cryptocurrency metadata to flag suspicious behavior without revealing their customers’ personal identifying information, or PII. These could make it easier for companies to comply with the FATF travel rule and generally create a more sophisticated, systemic analysis of risk.
Quite apart from KYC rules, there’s real value here for a cryptocurrency economy increasingly dominated by “bots.”
Still, there’s no way around the law. At the on- and off-ramps, customers must be ID’ed. And, under order from a law enforcement agency armed with these sophisticated tracking tools, a firm must crack open the black box and release the PII to the authorities.
A new mindset
What if, though, governments concede that it’s both impossible and unnecessary to formally identify poor people at the on and off-ramps? What if they accepted an AML model that treats the endpoints as unidentified nodes and, drawing on these new analytic tools, actively managed access to networks based on behavior not identity?
Here, ongoing research in machine learning and high-performance computing by the MIT-IBM Watson AI Lab in collaboration with Elliptic could be a catalyst. As described by lab researcher Mark Weber, the team uses an approach known as “graph convolutional networks” to create enhanced money flow forensics to address the challenges posed by the “complex layering and obfuscation schemes utilized by sophisticated criminal networks.”
Mapping a massive pool of bitcoin transactions, the researchers have isolated patterns that distinguish between illicit and licit behavior. In a forthcoming paper, they posit their work as a contribution to financial inclusion goals.
One day businesses might use such tools to control access points to cryptocurrency networks without applying traditional KYC, ensuring that good guys get financial services but bad guys don’t, even if neither is furnishing an official ID.
Would regulators go for it? Not, it would seem, under the current mindset. Compliance is used to identify and catch criminals, not as way to control access per se. If anything, the regulatory trend has been toward a greater dependence on state ID and ever more conservative treatment of “high-risk” poor people by financial institutions.
Cryptocurrency compliance expert Juan Llanos complains that regulators “are not open to innovation.” He adds, “As long as government ID is the standard, we are going to have this problem. Anything anonymous is controversial and not allowed. It’s very unfortunate.”
Still, the FATF’s latest round of deliberations did contain one olive branch to innovators: a willingness to explore the potential for “digital identity provided by governments or by the private sector.”
Combine that “private sector” line with a brief reference in Libra’s white paper to “portable digital identity” as a financial inclusion solution, and one can at least imagine financial and tech companies such as those the Libra Association’s members hashing out an onboarding solution for the poor that no longer depends on the outdated notion of state IDs.
This approach won’t satisfy hardline privacy advocates, who rightly view exchange as a human right.
But as a pragmatic solution, it’s perhaps the best hope that the world’s 2 billion unbanked have.
The price of ethereum’s native cryptocurrency ether (ETH) surpassed $300 today to hit ten-month highs.
The world’s second largest cryptocurrency by market capitalization climbed above the psychological hurdle at 01:10 UTC and extended gains further to $306 – a level last seen on August 19, 2018.
As of writing, ETH is changing hands at $304, representing 9.7 percent gains on a 24-hour basis and 129 percent gains on a year-to-date basis, according to data source CoinMarketCap.
Ether has more than doubled this year with the price currently reporting more than 260 percent gains on the low of $82.00 seen in December. The price, however, is still down 78 percent from the record high of $1,431 registered in January 2018.
Further, the cryptocurrency has retraced meager 16 percent of the sell-off from $1,431 to $82. On the other hand, BTC has retraced more than 40 percent of the bear market slide and is currently trading at a 15-month high of $10,800.
Looking forward, ether looks set to extend the ongoing rally, as technical charts are biased bullish.
The 50- and 100-candle price averages on the three-day chart have produced a bullish crossover for the first time since in two years. It is worth noting that prices had rallied by more than 900 percent in three months following the confirmation of the bull cross in May 2017.
So, if history is a guide, then the cryptocurrency looks set to challenge the April 2018 low of $364 in the next couple of months. A break higher would expose resistance at $401 – 23.6 percent Fibonacci retracement of the bear market drop.
Supporting the bullish case is the solid rise in ether’s non-price or on-chain metrics in the last few months. For instance, ETH volumes on decentralized applications (DApps) registered record highs in April, according to crypto analytics firm Diar.
Meanwhile, network activity, as represented by daily gas usage, rose to lifetime highs in May. Gas is the fuel of the ethereum blockchain. The token is required to conduct a transaction on etherum’s network.
Disclosure: The author holds no cryptocurrency at the time of writing
Making money from trading is why we are all here. But being online and trading for hours on either your PC or mobile app can also be time consuming. Traders spending hours online and trying not to miss any market opportunity that can help them earn money can sometimes be an overwhelming situation … Not to mention the amount of financial market knowledge you need to have to place the right trades at the right time that will eventually earn your money…
What if I were to tell you that trading online doesn’t necessarily have to be a confusing and overwhelming experience? That you can say goodbye to endless financial analyses and can enjoy trading using a safe and easy-to-use automatic statistical method? How about feeling like your own personal Broker as you will be in total control of your own trading experience?
Auto-trading system gives you the ability, to place trades automatically on any financial assets and in the trading volumes you choose, when you are not next to your PC or mobile phone. Not only that, the BATS offers you full risk management with the “Take Profit” and “Stop Loss” features. These features let you set your desired daily profit and loss, and once the BATS reaches that amount, it will pause itself for the rest of that day and resume the day after.
A known fact is that 95% of successful deals in the financial markets globally are made by Auto-trading systems/trading algorithms.
What is the success rate of the Auto-trading system?
Ah, that is the million-dollar question, isn’t it? Can this Auto-trading system make me money?
First, there is NO such thing as a “magic robot” that earns money consistently, as there are no free gifts in life. If there were, everybody would be using it already. Any company or salesman that promises you that their “robot” will earn big money consistently is basically lying to you.
Now that we have established that, we can move on. Success rate changes on a daily basis and based on market conditions.
How can I get a high success rate on my BATS?
The combination of the trading strategy that you choose and your attention to the volatility of the asset you are trading on. Volatility means the frequency of the movement in the price of the asset.
“The trend is your friend” . This is the rule of law for many traders. Following the trend is one way traders attempt to predict the future direction of an asset’s price. The Auto-trading system is using the trend as a signal indicator.
“Trend” strategy goes better with less volatile assets.
Less volatile assets go well with a “Trend” strategy because it exploits the MILD movements in the asset’s price. If the asset is less volatile, it means that statistically there is a higher chance that the price of the asset will continue in the same trend. The “Trend” strategy will automatically buy the asset if it reaches a new high point.
“Reversal” strategy goes better with more volatile assets.
More volatile assets go well with a “Reversal” strategy because it exploits the SHARP movements in the asset’s price. If the asset is more volatile, statistically there is a higher chance that the price of the asset will reverse its trend. The “Reversal” strategy will automatically buy when the asset reaches a new high point.
Let’s take an example of a two-week period to understand.
In the first week the Bitcoin is more volatile, so the “Reversal” strategy is more successful than the trend (above 80%), because the Bitcoin is volatile and the “Reversal” strategy is able to exploit it. The following week the Bitcoin is much less volatile, so the “Trend” strategy is much more profitable (above 85%!). But one needs to understand that it doesn’t say that this is a guarantee, and although it is an Auto-trading system (NOT A “MAGIC ROBOT”) you need to be alert to market conditions and asset volatility and react to it. if you follow these guidelines you can significantly increase your chance of earning money.
The beauty about the BATS is that it’s 100% automated treading system and you don’t need to have previews knowledge in trading.
If you’re reading this, you probably already know what’s Blockchain. The term, that became one of the most popular ones in recent years, beholds a whole new world of options and opportunities. Alongside all the good things, it holds a big misconception — Not all Blockchains are the same, and there are many different technologies based on the idea. The same applies to Crypto, where we can assume that all the various digital coins share the same security system, but by going deeper, we can see not only that the situation is totally different, but there’s also two major groups with a vast difference: Private and Public Blockchains. So, what’s all the fuss about?
Public Blockchains are pretty much straightforward: They are using one of the strongest encryptions today, but not in an exclusive way. A lot of Cryptocurrencies use Ethereum’s Blockchain system, which has proven to be a solid and secure way to deal with digital currencies. The pros are obvious: You can save quite a lot of time in using a “template” instead of investing more time and money in creating your own Blockchain technology, thus allowing you to focus on other elements.
But when it comes to private Blockchains, we get a different picture. Why? Because the effort that was given in, created extra advantages, for example:
Faster Transactions: The shared foundation between all cryptocurrencies that use the same Blockchain can be overloaded sometimes. The more coins used, and actions done, the more traffic it needs to host successfully. A private network will only need to monitor its exclusive content, thus ensuring faster rates.
Safer Process: Sure, Blockchain is safe, but if you manage to somehow hack through a private network, chances are all of the cryptocurrencies hosted on it are in grave danger. When there’s a private system, you need to analyze a whole different set if you want to hack it. A similar factor is that open-code systems are usually safer than closed one, due to the various alterations that can be done on it.
Full Customization: Let’s face it, no public system can fully interact with the individual concerns, will and demand. A private Blockchain allows you to fully integrate your ideas and goals with every aspect, thus fulfilling your full potential.
Not losing edge: When there are many players in the field, there needs to be some sort of consolation between all of them. When they’ll demand changes in the masses, you may be one of those who need them, or maybe be the one to lose from them instead. With a private Blockchain, you’re the boss — And you do whatever you need to keep YOUR product at the best state possible. Democracy is nice, but in this case — Being a single ruler is way better.
As we can see, the two groups might seem almost identical at first, but in the end — It’s apples and oranges, hardcore mode. Know your differences before you dive in, not only as an ICO entrepreneur, but as an investor or even someone who just checks the surface. Either public or private — Go for the right cause!