PBoC Advisor: Strengthen the moderate regulation for ICO

In the past year, the number of Blockchain projects are increased in a rapid speed which are based on Ethereum contract, and issuing their own unique tokens in a distributed and transparent way. These tokens that issued by Blockchain projects are compatible with Ethereum tokens so that their value can be guaranteed by the matured underlying technology.

Why ICO become so popular?

No Intermediary

For the early traditional investment firm, there is impossible to exist in such case without the active users and a stable source of income. However, ICO allows independent investors to participate in the early financing of project. Anyone can provide unique token by  Ethereum to participate in the ICO project. Anyway, this distributed model can make great interest for investors, further to a larger market.

At the same time, it also causes concern from the investors.

Although most ICO projects have raised a large amount of money, valued over hundreds of millions of dollars, the problems about the lacking of a clear vision, user base and income source, or even a usable product still exist nowadays.

Let’s take Gnosis as an example.

Gnosis

Based on Ethereum — The next generation blockchain network. 
Speculate on anything with an easy-to-use prediction market. It has the following superiorities.

l  Awesome team: Leading by the market forecasting experts called Martin Koppelmann and Stefan George, as well as the consult team, including Vitalik Buterin of Ethereum and Joe Lubin of ConsenSys.

l  Outstanding product: The Augur application which is the first crowdfunding product based on Ethereum, raising $5 million in 2015, and it has the market value of 110 million dollars, ranked 9th.

l  Heavy support: It has been strongly support by the relevant people at home and abroad, because it was developed by Ethereum team.

l  Mainstream trading market: It has announced on K net, and also got the support from the domestic well-known trading market.

In China, the government and the PBoC are appointed to strengthen the moderate regulation. An advisor to PBoC argued that :

Therefore the prospective investors should be cautious of ICOs – through which cryptographic tokens are sold and distributed via a blockchain.

Shuqin Tech is a Blockchain company in China, and also pays attention to the regulation of ICO. In the first half of 2017, some suggestions are provided for the purpose of improving the supervision of Bitcoin in China by Shuqin Tech. The solution comes from the aspects about funds mandate,  transparent trading process, market education and so on. It also provides various Blockchain solutions for different industries, for more solutions:

https://www.baoquan.com/en/

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·     Be a part of a Blockchain team committed to the advancing technology

·     Build reusable, modular code liaries for use across Blockchains product line.

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·     Familiar with IBM Hyerledger, Ethereum, siacoin or bitcoin.

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