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In exchange IEO (Initial Exchange Offering) heat slowly reduce the time, ILO (Initial Lock-up Offering ) This new token distribution model, has become the latest outlet industry, attracting a lot of money. Boca is now the hottest eco smart contract first parallel chain Edgeware, has attracted 660 000 Ethernet Square , worth more than $ 150 million.
ILO project is so fun, in a user's own currency Lock, such as ETH , after a certain period of time Lock, users not only get back once locked coins, you can also get token ILO project.
Can be seen, count the traditional IPO, together with the regulated ICO, and a burst of fire before the IEO, the purpose of these IXO the only one, it is financing. ICO is ETH and BTC to invest in projects issued token, IEO is a platform for the exchange to invest in projects issued token. But the essence of ILO is not financing, but Lock drop, simple to understand, is guaranteed wealth management.
This trend is likely to become the new currency of the project made it?
Not the same airdrop
airdrop this approach appeared very early, the project parties in order to allow more users to understand their own projects, will hold a certain amount of currency at a time by the user to customize the proportion of own token airdrop. The first airdrop take the form of a white list (whitelist) registered a large number of registered user accounts to go and gather wool, lead to get the tokens again depreciate the value of the model was soon abandoned industry.
Later, the project parties think requires the user to hold a certain number of tokens valuable way to carry out airdrops, EOS the DAC because it requires the user to hold EOSGet dropped and became the popular items, many exchanges are also forced to receive a purse tokens distributed to users to trade. In the EOS when the hottest, users often every few days you will find some inexplicable purse token appearance, which are by EOS holds a number of airdrops come.
These wide net airdrop can indeed gain some users, but more are forced to look ignorant user, token do not know what to use, but also will not care. There is not a normal airdrop airdrop target users, this is a hit or miss marketing purposes.
ILO (Initial Lock-up Offering) is dropped on the basis of adding the Lock this concept.
Lock is not a new concept. The company in the IPO, when shares of the company's executives usually have a lock-up period. Because a large amount of equity executives fear a big wave stock direct cash Zapan, investors did not dare to invest.
In essence, IPO stocks Lock or a passive requirements, executives must have to perform. But the ILO's Lock, is the need for active user behavior. The user can take the initiative Lock, automatically divide became the token of the user. Ordinary circumstances airdrop not find the target user, it will not appear on the ILO.
From an investment point of view, the previous comparison IXO, investors no matter what currency to buy currency project, is risky, unpredictable movements behind the project. But the ILO on investment can be regarded as risk-free, money through intelligent user Lock's contract were locked Lock, users can also call Lock currency contracts will get it back, Lock of that time can be a side project issued token . As long as intelligent contracts and block chain network problem does not occur, this will not occur in any Lock financial security issues.
Regardless of ILO projects token price is up is down, investors will not lose capital. According to currency-based point of view, this is actually a guaranteed wealth management.
The ILO is currently active participation from investors point of view, they are very optimistic about earnings this financial capital preservation, because the ILO project is too famous.
ILO star project
Edgeware and ChainX two and Boca Polkadot related projects, belong to the most current fire ILO.
Edgeware
as Boka Qin given first parallel chains, Edgeware appeared received a great deal of attention. Boca parallel chain limited position, need to auction, but Edgeware with Bitcoin, Ethernet Square the same position, direct access to the location parallel chains of Boca, Boca visible Edgeware's expectations.
As established in the agreement on Substrate project, Edgeware EDG tokens issued by ILO have 90% of the way to the user, the Ethernet Square sent to a smart contract can get EDG, there are four ways to choose:
the user if the Ethernet Square Lock 3 months to get the number of EDG is normal, if a normal Ethernet Square can be exchanged for 10 EDG *, then the user to an Ethernet Square Lock 3 months, the result is 10 EDG *; if the lock 6 months, win 30%, i.e. 1.3 times the equivalent of 13 EDG *; lock 12 months, then, you can get 22 EDG *. If the user does not want to select Lock Signal, you can also get the EDG, but a very small proportion, can only get 20% of the EDG *, are all ways to get involved in the fewest number one. (* EDG ultimately need to wait for the official announcement)
Edgeware contract from the point of view, the line on ILO 10 days, has attracted 660 000 Ethernet Square , worth more than $ 150 million. Of which 160 000 Ethernet Square with Lock way to participate, that is to say, this 160,000 Ethernet Square, there are at least three months will not move. Among them, there is a single 40000 Ethernet Square, the large participation, the enthusiasm increasing community involvement.
Chainx
ChainX May 25 main-line line, is a technology-based Boca cross chain asset management platform. PCX token acquisition is also a way of ILO play.
Users to other assets, prepaid to sign more than one address, in accordance with the user's prepaid currency as a force operators to dig PCX. For example, a user to recharge the Bitcoin was a Bitcoin can be replaced with 100 PCX, then the user count of mining force is 100 PCX.
The reason why this model is also a ChainX ILO, because the user to recharge signed a multi-assets addresses or unable to move, the equivalent of Lock. During mining, prepaid users do not lose assets, but also can get PCX of mining reward. If you do not want to dig a proposed assets from the address on it. This is similar to the ILO concept.
Multi sign from the point of view of hot and cold purse address, ChainX when most attracted more than 2000 bits coins, worth over 108 million yuan. Of more concern is the rate of return ChainX, now a Bitcoin can be dug 2.04 PCX day, equivalent 42.8USDT. In other words, the annualized rate of return ILO project, temporarily has exceeded 190%.
ILO invested reliable?
As guaranteed wealth management, ILO token value obtained to estimate how do?
Block rhythm BlockBeats think, the most conservative of the algorithm, is the opportunity cost. We use this project Edgeware For example, suppose my hands have 10 Ethernet Square , if you do not participate in the Lock EDG, I can lend 10 on lending platform Ethernet Square , according to the current lending platform in the basic interest rate is 11% about.
Lending Ethernet Square in exchange for interest is active investment behavior of investors, Lock Ethernet Square to replace the currency exchange issue is also active investment behavior of investors. On this basis, the lowest value EDG token, it should be Lock Ethernet Square, 11% of the interest generated, that is, the value should be the EDG Lock Ethernet Square value of 11%. This is where you should probably be able to understand why there are so many people involved in Lock, because this is a profitable thing.
Moreover, the user selects the time of participation, but also contrast. Lock with no way to participate, only 0.2 weight, of which 75% have to wait a year before you can hand, and Lock 12 months is 2.2 weight. In so doing, with an Ethernet Square to Lock 12 months, and with 66 Ethernet Square, the results are not Lock participation, it is the same.
For the ILO this new outlet, the block rhythm BlockBeats that, while looking from the investment point of view, ILO is guaranteed wealth management, but from a technical aspect, ILO is still risky.
Not a smart contract is absolutely safe, this is the biggest risk ILO. Smart is not the contract have not had a problem, Ethernet SquareBy far the most serious event lost money because DAO events caused by intelligent contract. Invest it, it is always risky.
From the discussion found in a variety of community, ILO's approach has attracted a lot of side projects. Star project Nucypher have made money with ILO way, many domestic project began with the idea of Lock. With this momentum, ILO project is likely to become a new trend in hair currency. (Block rhythm)
