Cryptobonds is just another fairytale for the gullible investors who don't mind jumping headfirst into an endeavor, organized by a startup that has little to no guarantees of liquidity, thus no foreseeable prospects. It's not the time to invest in questionable financial products based on digital currencies because they pose a prime target for governments, especially the Asian ones. So, Twogap is just another crypto startup on my "read-and-disregarded" list.
However powerful the marketing campaign or vividly described the project's perks, I won't be getting anywhere near some crypto financial products, except for the cryptocurrencies themselves. I might miss out on some opportunities, but I tend to stick to my motto of "better safe than sorry." The governments are getting much tougher on cryptocurrencies and the associated products, especially the ones of the US and China. I can't risk having my money in crypto bonds, offered by TwoGap since it opens up too much space for the regulators to maneuver.
I like the solution presented by TwoGap, which involves the issuance of cryptobonds on the basis of Ethereum smart contracts. It has all the mechanics that are inherent to the traditional bonds, such as the creation of coupons with the subsequent payment of interest in ETH. But the thing is that it's all good only in theory. The reality of crypto bonds, on the other hand, is most likely to get shattered by the regulators, just look at how tedious was the process of Bakkt approval.
Here is the rule of thumb which I resort to whenever I see a crypto project that offers financial products and services, other than the usual crypto trading. So, the first thing I always do is going straight to the legal compliance section. Once there, I take time to read what the project has to offer in that regard. I found this section in the Twogap whitepaper to have been written really inexplicitly. Basically, they disclaim all responsibility and liability for any issues that the users may face upon purchasing/trading the crypto bonds issued by Twogap. Also, I could find any information about Twogap's compliance in the corresponding laws of Singapore.
To tell you the truth, I have ambivalent feelings about Twogap. On one hand, they have a decent team, with a very strong advisory board, but, on the other hand, their concept is too ambitious to be considered as attainable in the nearest future. Judging from the list of their sponsors and partners, Twogap plans to concentrate their operations in Asia, which is not very suitable for the European investors, including me. Besides, I didn’t get a clear explanation in the whitepaper, or anywhere else, regarding the origin of bonds and cryptoassets. So, I remain doubtful about Twogap.
Since the tokens will be sold in August 2018, the main reason for this token is to equip the end-user with keys that allow functions to be performed in the Twogap system. This makes it easier to initialize the Twogap beta program in 2018. The secondary goal of TGT token retail is to promote Twogap's knowledge through promotion, thereby attracting additional users. There is absolutely no tertiary target for selling tokens.
We list the most relevant upcoming crypto market ICOs
Ledder presents a technology stack that may take may break the deadlock in the development of outdoor advertising. This technology company out of Hong Kong has invented the way to make billboard ads substantially more efficient in terms of electricity consumption.
409 days left
The emerging blockchain technology is slowly but surely infiltrating almost every industry there is. With innovative and improved solutions for all kinds of problems, this technology interests even those who are highly skeptical of cryptocurrencies.
12 days left
Pbet offers a fully-fledged blockchain solution for the gambling industry that serves the purpose of connecting brick-and-mortar establishments with the project’s proprietary online products.
27 days left
The need for a functional regulatory framework that would properly address digital currencies has been stronger than ever in countries around the world. While many governments and their...
The United States' securities regulator, the US SEC, has just released its annual report for the fiscal year 2019. According to the report, the regulator received...
Anyone who buys a lottery ticket dreams of hitting a massive jackpot, but very few have an actual plan of what they are going to do should the money land in the bank account. Nearly all of them...
In 2019, cryptocurrencies can be called the most popular financial instrument. High volatility of tokens creates a good potential for obtaining...
XRP, formerly known as Ripple, is the third-largest cryptocurrency by market cap, with a m.cap of $11.8 billion and a daily trading volume of $1.3 billion. Obviously, that makes XRP...
V Systems (VSYS) belongs to a cohort of freshly surfaced altcoins that holds great potential but is often overlooked by most experts and analysts. The coin currently resides...
Twogap is intended to create an innovative blockchain platform to intensly design the liquidity, assist the realignment and landing of common financial products such as bonds, stocks, commodities in terms of cryptomarket. Twogap is ready to go further after blockchain-based bonds issuance. Twog...
|1||Ledder||Aug 01||Dec 31|
|2||BitWings||Jun 03||Nov 30|
|3||Pbet||Jun 18||Dec 15|
|4||UCBI Banking||Oct 18||Jan 18|
|5||Cinemadrom||Feb 03||Apr 30|
|6||Yachtco||Aug 04||Feb 04|
|7||GOVEARN||Jun 23||Dec 31|
|8||BrandProtect||Apr 27||May 31|
|9||PointPay||Jul 22||Jul 22|
|10||WINBIX||Jul 01||Sep 28|