Are you a crypto lover who is actively following the latest developments in the cryptocurrency market? Then, you might have heard about the regulations imposed by the SEC over the ICO public sales. Already, the SEC had issued warnings to several ICOs which doesn’t comply with the regulations set by the authorities. This kind of restrictions is imposed to reduce the number of ICO scams and to protect the investor’s assets. Because 80% of the ICOs are failing miserably as they are not able to meet the investor’s expectations. And, to make things worse, some of them just vanish with the money once the ICO token sale gets over.
So, How will a beginner or newbie investor can find the legit ICOs? It is really a challenging task not only for them but also for the experienced investors. In addition to investing in the right ICOs, the investors should also make sure that their digital assets or tokens are stored in a secure wallet to prevent token thefts. Because the hackers will always try new methods to steal, the investors need to add an extra layer of security to keep their assets safe.
Interestingly, Bitdepositary provides a solution to address both the challenges listed above. How? Bitdepositary is a new generation community platform which helps the investors to find sustainable ICO projects. Also, it provides the users a flexible option for investing in their desired ICOs by using its integrated payment solution. And, the payment system accepts not only cryptocurrencies but also fiat currencies (including credit cards).
How do Bitdepositary works? In simple terms, Bitdepositary can be considered as a council which gives the verdict for an ICO after evaluating its various aspects. The council is comprised of tax consultants, lawyers, investment specialists, and users. An ICO project will get accepted to the platform only if gets more than 55% points from the council in the voting procedure. Otherwise, the project will be rejected and the funds will be returned back to the investors.
Bitdepositary is also developing an integrated cryptocurrency exchange so that the users of the community can trade various cryptocurrencies. Plus, it offers a multiasset wallet to secure their digital tokens. Currently, the wallet supports all the top cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash, Zcash etc. More altcoins and tokens will be added in the near feature. Besides cryptocurrencies, the Bitdepositary platform also allows the users to handle their bank related transactions in USD/EUR.
Simply, Bitdepositary will act as a mediator between the investors and the ICOs to improve the transparency and the reliability of the ICO investments. To learn more information about the technology behind the Bitdepositary platform, please visit Whitepater. To get access to the Bitdepositary platform, one needs to hold the BDT tokens which will be sold during the token sale event. BDT tokens are Ethereum based ERC20 tokens. For more information about the pricing, availability, and sale of BDT tokens, kindly visit https://bitdepositary.io/