Rewind back a few weeks ago, on July 9, 2017, I wrote a Steemit blog about an interesting ICO called Bitquence (BQX) that I was tracking from an enthusiast perspective and that I thought my readers/followers outside of the U.S should check out. Or tell a friend that can take advantage of the ICO.
Although I do not give investment advice, if you followed that suggestion to research it further and ended up buying into the ICO, you would have 14-15X your money today.
I'm not saying that I have a magic ball that shows me which ICO would be a huge winner but I can tell you that I do know how to pick well put together concepts, platforms and teams.
That's how I knew that BQX was a no-brainer clear winner from the start. And today, I am writing with the same level of enthusiasm towards a new Already Built blockchain based social media dashboard ICO called...
onG.social or onGcoin.
In their own words:
onG.social is a block chain based social dashboard that provides ease of control for both central-decentralized social media networks and that also supports community building and social interaction with cryptocurrency rewards.
I recently recorded a video that ended up being shared by onGcoin Founder, Christopher Kramer. And I want to share the video with you guys because it goes into more details on some of my favorite reasons for getting involved with this platform and why I think others should take a look at it for potential financial benefits and definitely for social benefits in fighting fake news and being able to take control of the ownership of your content or intellectual archive by "mirroring" it on onG.
Before getting into the video, I want to re-share with you what I think is the most important thing in deciding if you're going to invest in an ICO or not. And it simply comes down to this question:
Does the project have good bones?
I'm sure you've heard stories about people losing money in ICOs via what is called a pump and dump scheme usually engineered by the inner circle of the founding team of the coin. This is mainly caused by the fact that a huge majority of ICOs are literally fundraising events for an idea for a technological product or service that has yet to come to life.
So to steer clear of pump and dump cryptocurrency schemes or scams when participating in an ICO, make sure you do your homework to see if there is some back bone asset or technology or relevant real-world need for the concept with a strong team behind that coin offering.
Although I don't talk about this much in the video, it is noteworthy to mention that onG coin already has a thriving community of over 200 thousand active members participating on the onG.social platform. And this alone makes this ICO stand out from so many others and brings immediate value to the coin backing the platform on the blockchain.
These are some of the key points I wanted to write about and the video below goes more into detail on some of my favorite aspects of onG.social (including keeping up to 80% of the ad revenue earned on your profile) and the need for us to proactively fight fake news.
Especially with what's going on in our society today!
As you watch the video, I hope you can relate to some of the points mentioned, even if you end up not participating in the ICO. It's through innovative ideas and community-oriented platforms like Steemit and onG.social that we'll start to have the open conversations and take mutual actions to transform and uphold the kind of world we know that we deserve for now and for our children.
Thanks as always for reading my blog and if you want to know more about the onG ICO, head over to their official offering site (not an affiliate link).
Here's The Video: