Due to growing number of ICO scams in the past few months, there has been a lot of negative sentiment among investors which has resulted into the huge drop in the retail as well as institutional investor participation.
QUOINE – a global fintech company – is making some sincere attempt to restore the credibility of ICOs and has announced the launch of its new “ICO Mission Control” platform which will work as an all-in-one ICO execution service providing a safe heaven for token issuers and participants, alike.
QUOINE Co-founder and CEO Mike Kayamori said: “Launching an ICO in the current climate requires a lot of caution on the part of token issuers. In the last 12 months, there have been a number of serious problems with ICOs, including leaks of email addresses and customer data, website hacks, phishing attempts, fake deposit addresses, and much more.”
He further added: “This has left token participants shaken and wary about participating in ICOs, while token issuers now have to go to great lengths in order to ensure their communities do not fall victim to scams. QUOINE’s ICO Mission Control removes these pain points so token issuers can focus on more productive aspects of their work, such as product development or marketing. With the launch of ICO Mission Control, we aim to bring global standards of security and technology to provide a safe, secure ICO launch for all token issuers and participants in the new crypto economy.”
At the initial stage, the new ICO platform will be integrated to the company’s own QRYPTOS exchange and will be gradually shifted to the larger LIQUID platform. In the, QUOINE said that the ICO Mission Control will be an end-to-end solution that will allow several blockchain startups to conduct in a transparent, flexible, secure and scalable manner. More importantly, the Mission Control will adhere to and abide by the best practices for Anti-Money Laundering (AML) and Know-Your-Customer (KYC) procedures.
The new QUOINE platform will let startups to initiate token projects in just a matter of few minutes as the market participants will be able to purchase tokens with an instant settlement. However, as said earlier, the participation for the startups will only be possible once they have signed up and verified their KYC on the QRYPTOS platform. Once done, each issuer will be given a dedicated ICO Landing Page to direct their potential participants.
Seth Melamed – QUOINE’s Senior Vice President and Head of Operations is leading this new project for ICO Mission Control. Seth said: “ICO Mission Control was really born from our experience of running our own QASH ICO in November 2017. We learned first-hand the challenges of running a large scale ICO, including client onboarding, analytics, volatile cryptocurrency prices, understanding how to most effectively reach participants. From our own ICO experience, we decided to build a platform that solves the problems we faced and provide a tool for blockchain projects around the globe.”
The first ICO to be hosted on QUOINE’s Mission Control platform is. VUULR is a global digital marketplace to buy and sell TV shows and films using the blockchain technology. Ian McKee, CEO of VUULR said: “We are excited to be the first token issuer to launch an ICO on QUOINE’s ICO Mission Control. VUULR gets access to a huge base of crypto enthusiasts who can make full use of QUOINE’s secure and efficient platform.”
He further added: “VUULR’s ICO launch will allow the public to monetise their movie knowledge. Fans will be rewarded with VUU tokens when they contribute their knowledge about films and TV content to the VUULR platform.”