Regulatory framework for ICO in Lithuania

Regulatory framework in Lithuania for ICOs

“Lithuania doesn’t have a track record of world-famous tech startups, and we didn’t have access to large VC funds. ICOs and crypto communities remove boundaries so that no matter where you are located, only the team, technology and idea matters.” – Vladas Jurkevičius, CEO of Lithuanian digital identity startup Safein.

One of the greatest things about cryptocurrency is that it gives nations a chance to compete on an even keel. It doesn’t matter what your GDP is, or how many nukes are locked in your bunker: on the internet, everyone’s equal. This has given countries that have traditionally lagged industrially and economically a chance to make amends. From tiny islands to humble nation states, a series of global outposts have made it known that they’re open for crypto business. This makes cryptocurrency a Great Leveler.

Lithuania has seized this opportunity by creating a favourable regulatory eco-system around crypto currencies along with a solid infrastructure of fast internet. Lithuania is excelling in issuing new digital currencies, or “Initial Coin Offerings” (ICOs) – over the past year, they have raised half a billion euros from ICOs and blockchain-based businesses. The influx of real cash for digital units has helped Lithuania’s economy to grow by 3.1% this year compared to the average 2.3% for the rest of the EU.

Introducing Long Term ETH Loans

First Fiat to Cryptocurrency Exchange in Singapore

The bulls are roaring again. A regulated ETF might be on its way. Sensible ICOs are hitting the market and with more regulation and awareness the community is weeding out scams. As you hop on to this bull cycle, there is one important tool that you have been missing which can help grow your assets by providing additional liquidity. Introducing Long Term ETH loans.

Using Nuo Lend, users and institutional investors including crypto funds can raise debt in ETH against other ERC20 tokens without selling them and get additional liquidity for 6 months or even an year in a completely decentralised way. This would give you enough time to make other investments, wait for investment tokens to list on an exchange and book your profits.

1. To get started, you would need to create a loan request by choosing a collateral token. This collateral will be with the smart contract till you repay your ETH loan. You can then choose a premium (2.5% for every 30 days is recommended) and the duration of the loan (90, 180 or 360 days recommended for long term). You can choose to repay back the loan in 1 instalment or upto 10 instalments.

2. Once you have fill this loan request form, you would need to pay gas (Ethereum Network fees) for creating a smart contract for this request. Once a smart contract is created successfully you would need to authorise and transfer the collateral token to the smart contract. We have over 50 tokens supported for transferring the collateral.

3. Once the loan request is created successfully it would be visible to all the lenders on the platform and will get funded soon. Since the entire Nuo Lend product is completely decentralised and runs on smart contracts you can keep a track of your collateral in the smart contract and ensure that you don’t default at any time. 3 days before the end of the loan tenure, you would get a notification for repayment and you would have to transfer the loan amount along with the interest rate you had promised failing which you would lose the collateral in the smart contract.

Oh and currently the gas price is quite low and your loan request would cost around $3-5 worth gas (network fees) and to compensate for that we are giving you $10 as a crypto cash-back in your account which will make you profitable from Day 1.

Now never miss an opportunity to invest in an ICO because of lack of liquidity. Happy Investing.

Borrower Tutorial: Asking for a Loan on Nuo Lend

Lender Tutorial: Earning Interest On Crypto by Lending

July 24, 2018

ICO returns are declining; best strategy sell the tokens within six months

Research conducted by Boston College Study says – About 56 percent of crypto start-ups that raise money through token sales die within four months of their initial coin offerings. The researchers who examined 2,390 ICOs that were completed before May, stat that only 44.2 percent of start-ups survive after 120 days from the end of their ICOs. The study also highlighted that The strongest return is actually in the first month and once you go beyond three months, at most six months, they don’t outperform other cryptocurrencies.

Some of the reason we see a decline in the returns is start-ups have become savvier about pricing coin offerings and more have people jumped into ICO investing. Read more at Bloomberg Continue reading “ICO returns are declining; best strategy sell the tokens within six months” →

July 10, 2018