No matter how hard we try to prepare ourselves and take the time to advance in the objectives, there was something that just now at the end of 2017 began to clarify, the WhitePaper, that tool so named and little appreciated, apparently as each of the more respectable projects that I had seen, each one gave less value to that tool, there are those who do not read it, they see it as a requirement to fulfill only, afterwards I found out why, it happens that many pages where you can get information about ICOs is based in what appears in these documents, although many of them are at least poorly written, because there are some who do not even express the real intention of the venture, it is strange, I found many that seemed to be a copy and paste of another document, recurring words and apparently all based or argued their existence with words like "the first ..." "the only ..." things that for me, that I have been in the area of marketing, they only sound like commercial tricks to hunt unsuspecting, in fact they are the preferred phrases of the pyramidal systems.

The document had already taken shape, we had a route and a defined objective, now it would be valid to validate it with ordinary people involved with financial markets and Retail in general. The contacts generated a series of comments, recommendations and corrections, especially, because like these lines, everything is expressed in terms of personal experience and that is usually very regional, I had to write and correct everything to be neutral , so that another basic requirement happened, the document had to be translated into English since the native language was not valid, we had to convert to the more generalized language. That is the dilemma, I needed a translation of the document made by professionals, that sounds easy, any translation service could be used, one would think, but it happens that it is not, what is rarely taken into account is that if the translators do not have idea about cryptos, only make a translation and not an interpretation of the idea to express, so we should not only discard the Google Translator but we should choose the translation service that managed to interpret the very essence of the project. As usual nothing is impossible, just that it costs a little more, and in that sense the translation process cost more than estimated, and my book of expense annotation already had more in the part of expenses than in the objectives achieved.

In any case, it was approaching the end of the year and we already had what we needed, I already had a document, a work plan and many validations, we were in the process of testing many open source or generic use services for handling the solution, I do not know because all those who make an approach in this area believe that the focus is on making a new portfolio a new data manager, etc. Not everything is there, perhaps everything is to make better use of existing, not all WEB solutions require a new browser, the browser is already there, just use it more effectively and take advantage of the improvements that those dedicated to that specific business do, that is what happens with the portfolios of cryptos, for each project one is created, and if that effort was used to improve existing ones, success would be assured.

To my surprise in the process of validating the project, talking to a group that makes corporate image for many transnational companies, I was recommended to speak with a character who was very involved with cryptocurrencies, this character was an active part of forums and events where he represented the "Consensus" of many cryptocurrencies, I thought it was excellent, as well as knocking on the door of a great businessman, the problem was that he was advising at this time a government of an island in the Caribbean for the issuance of a currency that would be backed by an emission of public debt and encourage their use, developing new sustainable technology for the generation of electricity for mining cryptocurrencies, beyond the traditional solar and wind sources. My budget, although I do not believe it, was very badly beaten as to invest in a trip with stopovers in the Caribbean to interview with this character, although there would be no economic benefit, obviously if there would be at least one important learning. Which is why I discarded this visit and concentrated on finding out a little about what was going on around me.

The biggest surprise did not come from the fact that there were at least five medium-large projects in Venezuela, the most impressive was to see that they had been done at best, under the theory: Why do cats lick their crotches? Simply because they can. So basic were all the projects, they had been done because they could do them, there was no short-term goal or specific reason they wanted to expand. At the end of the day, to my regret, they were all scam projects, their goal was to raise money and their offer was that people would make money with it that they could turn into profits and capitalize it in FIAT currency immediately, big money launderers. Immediately obviously obviate any possibility of association, feel related to these people or characters was not beneficial to me, or for the project. I started to turn inadvertently into a phase that we all spent in some way involved in cryptocurrencies and I assumed my role as a preacher, trying to contribute what I could most in all the communities with which I was interacting, one of the conditions that affected me. self-imposed was, that I would never charge to teach anyone, while that person had the attitude to learn, discuss and at least leave me some of his business knowledge and so I have done so far.
Many of the people I met on the way, are convinced to have found the holy grail of wealth, nothing could be further from the truth, I have met people who once approached me to understand the business, or to know how to mine, which now give classes and classes on cryptocurrencies, although I always repeat that in terms of the value of cryptocurrencies, every hour there are 180 possible movements, and that no one unless it is a real humpback whale within the economic world of that currency, you'll never know what can happen.

This was a stage of disappointment, I saw how they cheated with the coins, sold with over-priced mining equipment, with a 200% profit at least and apparently buyers rather than investors were unwary paying for something that would never recover its initial value. I saw others charging for opening a free wallet to third parties, I saw how "experts" taught trading, when they did not have a portfolio of more than $ 300 invested, but they charged up to $ 500 to teach. I'm not saying that this does not happen, of course it happens and even worse, although this seems to be one of the most classic things in the stock market, where an employee who arrives in the subway, teaches financiers who arrive by helicopter, as invest your money, I'm still surprised that someone wants a witch to tell them what number of the lottery to play, and they pay for it. I will not go into explaining what is the Law of Large Numbers or Bernoulli's theorem. Just clarify that the general rule of the speculative markets for my concept are based more on the fallacy of the player than anything else.

If all of the above moderately could cause depression and anguish in those involved in the world of cryptocurrencies, for more, came the end of 2017, the Boom of cryptocurrencies, an endless number of uncontrollable circumstances that passed, since the end of the year in China, the sale of futures and the formal entry of Bitcoin into the world market, only paraphrasing some without order. If there were vultures and scavengers in the market that multiplied by 10 or 100 but in any case I was still in the middle of the tide of people trying to enter the market standing in the middle with my "whitepaper" in my hand, and my Limited budget to continue and a large investment made. The time had come to accelerate the pace and press a result.


To be continue…

I love Mexico's businesses, they have that magical part of Latinos, but they have the pragmatism of first world countries, and as such, direct and frank was my meeting in that majestic meeting room of a brokerage house in Mexico, everything happened quickly, my friend and a couple of partners released all the artillery they had in less than 10 minutes, they asked me and they asked me, even in a thesis defense in the university I felt so depressed, but something must have gone well , they were comfortable with what we talked about, they looked at their faces and they said it openly, they knew where the market was moving and they knew that they had in their particular case, that moving faster than the big financial companies, they should Take advantage of the fact that it is more difficult to move a 50-story tower than an office with a few floors. In short I received the blessing and they invited me to lunch, which in Mexico is quite a show, but we are not in a gastronomic guide and as usual there was no more business talk. I was ready to go to Caracas.

I had already validated the most relevant thing that was for me at that time, the commercial, technical and financial, should continue reading how much information I got on the networks to keep me alert of any new developments in the field of cryptocurrencies, a great help was at that time the BITCOINTALK forum, I still did not decide to register, I did not feel ready or moderately ready to face criticism, and I was sorry to ask stupid questions, I never liked and I had noticed that the forum was at least intolerant to certain types of questions and questions. So I decided to continue as an observer and reader, this situation would not change at least in the next year, it would be my bedside book, but secretly.

When I arrived in Caracas, I finally had to sit down and calculate not only what had been spent so far, but what I had lost from the company along the way and, above all, calculate how to proceed and how much that would cost. Logically, I still had to negotiate the price with the designers and needed a plant economist, as well as a technician for network administrator, post and services, without forgetting that we were in the XXI century, needed someone to manage social networks . On the same table I had what would be the draft initial chart and a statement of my bank, I had to reconcile those accounts, keeping in mind that I had to keep my family safe from any risk, and the news about cryptocurrencies in Venezuela had started to run.

They had already left at least a couple of coins with the accent that they were completely Venezuelan, I do not know why the effort to categorize things, it sounds more than wanting to penetrate a segment, they want to deceive only some of them, I started to shyly approach these projects, always in the shadows, what a disappointment, they were all a scam, they were the most popular model in Venezuela, to seek to do money laundering for great people who have benefited from the oil country. For those who do not know, in Venezuela speaking of a 5% profit is not viable, people want to earn at least 30% and all that in 30 days or less. What makes that to meet these requirements everything sounds like a scam, pyramid or at least cheating. At that time entering any of the new exchanges was relatively easier, so these currencies were even being placed in said Exchanges, unfortunately with the only idea, to convert local currency into foreign currency. They did not have, nor do they have to date, this utility and the creators do not have and can not sell clear for what they were created. They are something like the theory of, because the cat licks itself? Because he can.

Obviously after this analysis, I realized that I would not find a local partner with my same intentions, I was not proposing a high profit business in a short time, I was proposing a long-standing company, I definitely could not be born as a business or company Private capital, we had to resort to an ICO, it was the first time I thought about it, although without much enthusiasm. This logic put at risk all my capital, a strong bet, but I still did not know how much the members of the missing group would charge me, so to be able to estimate the whole, as they say in the town of my popes, the evil happened to hurry .

Quick and without any delay, I met with the designers who had recommended me, I told them that the project was going and what I was trying to achieve, I still remember their faces, they did not understand half, and the other half I think they still think about it. , I summarized it in a corporate image and something creative that I had in my head, after explanations and clarifications of rigor, we went directly to the verb, How much do you want? And why so much? The answer was clear, cash, constant and sound, typical of Venezuela, after a talk, get down the costs a little, in exchange for effective participation in the project once it manages to capitalize something. They accepted although I still think they do not know what exactly they accepted. The meeting with the economist was not very different, with the exception that she understood a little more about the topic because of the similarity to the topic of international finance. The result was also an amount in cash and a stake in the company, so I only had to specify with the common friend of the technical director and me, to direct at least the communications, since I knew that I would have to be actively involved in all this. , I cite it with the social network administrator I had chosen, which would start immediately, that negotiation was direct for an amount without participation in the company, otherwise with the director of internal communications, who would work for the pure participation in the company And so, we started the adventure.

So far the result, was that I had lost at least 3 parts of the company, spent a few thousand dollars, was far from my family and even the trip had not started, but we had to get down to work immediately.

Cite everyone involved to a first meeting, where I would show them the work plan I was working on, and thus be able to open channels of communication among all, my partner, who was not the object of any of this yet, wanted him present as a witness everything, a little so that he was aware, and also as a lawyer, if something happened, he was aware. The simplest part had begun, I explained my vision of the business to the designers so that they could give a first approach to a corporate image and I sat down with the Engineer to explain that he wanted me to make the coin and evaluate the possible Blockchain. Both things happened relatively fast, the commitment was to see first advances in a week or less. Thing that obviously did not happen, we took a lot more and this was added, that was coming year end, and in 2017 was just around the corner.

I decided to make a meeting more progress, assign tasks and start a period of rest for new year, to resume activities in January, it was a break of more than a month, but I needed that moment of reflection with my family, I was beginning to see that was coming, what was to invest was not little, much less for a single pocket, had been reviewing international legislation and it happens that half of what was coming in the Bitcoin Forum was illegal, could not do or did not understand because they did it, if mathematically or financially they put the value of the project at risk. Additionally, the evaluations and comments in the ICOs were the most biased I had seen, all were evaluated in terms of achievements and technical advances, the most radical ones evaluated them based on their speculative benefit, I felt a coldness in my body that ran through me. the head to my wallet, it was clear from the beginning that the offer in our case was not based on anything of the above, is to facilitate the use and its overcrowding, coupled with that for some romantic reason I added the education as an additional. I still remember that feeling of fear in presenting a proposal to a group of people perhaps better prepared than me, obviously I could not go back to university at this point, I had my current degrees, where titles specializations and masters seemed not to have much weight, The only thing that really counted was my experience and what I had saved so far, there was no specific legislation or literature, but I was not going to give up, I thought there was something good there and the fear was an unequivocal symptom that something good was about to happen , the only problem is that times sometimes give us better lessons.

To be continue…

The arrival in Caracas was anything but calm, I do not want to expand at this point, but when a giant poster with the face of Chávez receives you, nothing good is expected. And I was not wrong, the airport seemed like a desert, nothing in stores, people with a suspicious face and at least waiting to see how you got some money, but well, that is for other publications if someday I cheer up.

In short, I came home to rest for a while, because the next day I would see my friend, there was no time for anything else.

The next day, like everything else in Venezuela, not too early or too late, we saw each other for coffee around 10:00 AM, and by 11:00 AM I had told her my plan in broad strokes and what I needed of him, that beyond that only be associated with me, it happened because he gave me a second opinion on the legal aspects, for some reason, although I still need a year to graduate as a second career lawyer, and although I stopped studying law a long time ago , I have spent a lot of time writing and reviewing commercial contracts, but if I have learned something, the second opinion in these aspects can sometimes be very important. Long story short, my friend thought for a while and said: "You know that I'm going to help you in whatever you want, but as you know, I do not understand this much and I really do not know if I can understand it, but if I What you need is a partner in the roles of your trust, in that if I can help you, but do not think I'm going to put a penny, because I'm in other things and I'm still not clear about what you're talking about. " We laughed and enjoyed the coffee, what we agreed was that, he would be my partner in the company, but above all, he would be the guardian and custodian of that portion of the company, where everyone would be involved, because he knew that in the road was going to have to pawn part of the company many times and he had to take care of that part. So we stayed and three days later I would hand over the documentation to send it to Spain and receive back the documents to sign.

Deep down I felt that I had just sold the soul to the devil, I do not know if by the circumstances, but I did not have very good experience with partners, that little wise of what would happen next, in the ICO there is a different moral, a model of business very, very far from reality, this issue of the actions of the company, were just to start.

I already had a partner, what I had not defined was even the name of the coin to create, so I started to investigate the first coins of the story, it was there when the day before sending the documents to the lawyers, I was crossed a coin of the Hellenic Empire, which had inscribed a letter, I called my attention and took the 4 letters as a base and I assumed them as a name. The project already had a name, unpronounceable, but it had already taken a step.

So far all very manageable, expensive, but manageable, nothing that was not different to what years in the commercial part of technology and tourism companies have not left me as an experience. It was time to enter into the development part, while I would continue working on the definition of the commercial part and evaluating relationships that would allow me to advance in the project. I had to choose where and with whom to develop the project technically. Up to this point I did not know yet, that this choice was crucial, since the ICOs are evaluated by the technical people involved in the project, it is understood that those who evaluate it are usually people from the technical area. Without knowing it, I did not have much problem in this, having been project leader and commercial manager of companies allied with Microsoft and Oracle, I had had very well prepared work teams, some instructors of these companies at the moment, so I started by calling a Friend in Bogotá, to guide me about what profile I was looking for, he asked me a few days to understand what this person should do specifically. Five days later I had an abstract profile, without name or face of the person I was looking for as a project leader, I had to roll the ball between the technicians to see who appeared, I wrote to everyone I could about the search I was doing.

Take advantage of my stay in Caracas, to see me with a great friend, with whom we made projects in Asterisk over there in 2005. Coffee and anecdotes again, but this time, when I talked about why I was in Caracas, I realized that I did not have what to look for, I spoke with one of the best systems engineers I knew, graduated summa cumlaude, and with an arsenal of projects I knew I had done and even patents to his name I had, when I realized I was not late in inviting him to the project. But the answer at least was strange.

To be continue…

It is always difficult to give advice in this sense, but in general, rather than recommending an ICO, I can tell you how you can evaluate it so that you can feel at least a little more confident in what you do or at least try to go so much more secure in the subject.

The first thing you should keep in mind is that you want or not the evaluation is always done from the point of knowledge, many people in this medium, to be immersed in technology start there, evaluating the technological innovation and perhaps what is published in Github, but you should always keep in mind that a single thing does not make a successful ICO, no matter how innovative the project is, if it has no real utility or if its objective is speculative or has been done only to raise capital for an interesting project , but that does not necessarily need the Blockchain technology, I'm sorry to say, but it is destined to fail.

Regardless of your area of ​​expertise, ask opinion of people from other areas, but above all, contact directly with those involved, if there is empathy it is probably more likely to be good, you will also be part of your projects, that is profit.

Hola, se han cumplido a la fecha 45 dias desde el termino de lo que hemos llamado la primera etapa de nuestro ICO, hemos querido esperar este tiempo para evaluar los resultados en la profundidad que ameritaba.

De lo que podemos resumir como resultados, hemos logrado interesantes alianzas para la venta al detal dentro de Latinoamérica, Norteamérica, Europa y Eurasia principalmente. Esto nos permitirá en los meses por venir posicionar la marca en el segmento de ventas a particulares.

En otro orden de ideas hemos firmado importantes alianzas con el sector financiero, en razón de servir como herramienta para el comercio internacional, como garante en operaciones que a simple vista podrían ser simples, pero es en esa simpleza que se resuelven los dilemas propios del comercio internacional y así lo han visto nuestros aliados, una herramienta que agrega valor en las relaciones de intercambio internacional.

La aceptación en más de 5 Exchange donde nuestra moneda se transa sin dificultad alguna, donde en promedio en cada una de estas plataformas se mueven al menos 5 millones de dólares al día, nos genera una expectativa de estar presentes en un mercado valuado en al menos unos 30 millones de dólares diarios. La revaluación por uso de la moneda, pudo contener con efectividad la devaluación por estrés financiero y especulación, por lo que hemos podido conservar con bastante holgura el valor planteado durante la ICO.

La razón de reunir esta información y plasmarla en este breve resumen gerencial, requiere de nuestra mayor atención en estos momentos, ya que nuestros representantes mantienen reuniones en América y Europa para la firma de importantes acuerdo e integraciones para el posicionamiento de la marca dentro de múltiples mercados, por lo que esta evaluación fue de total relevancia para la toma de decisiones por parte de estos grandes inversionistas que están hoy en día, finiquitando detalles para la firma de acuerdo multilaterales. Las especulaciones sobre la venta de la moneda y la salida del equipo de creación, son totalmente infundadas, en todo caso, implica todos estos movimientos una ampliación en el grupo de trabajo, un crecimiento en la disponibilidad de capital de inversión y un respaldo cierto a las operaciones.

Seguiremos trabajando en afinar detalles sobre lo que estamos haciendo y enfocando nuestros esfuerzos en la masificación no solo del uso si no del consumo de la solución.

This has become a great Gossip, but they still do not solve the underlying problem, see news in the following link:

https://news.bitcoin.com/binance-denies-400-btc-listing-quote-accuser-responds-you-are-a-fking-liar/

Starting from the fact, that may be true or not, that is not the important thing, the important thing is to clarify, that they should NOT be any in particular, those that define what project is good or bad, but I also understand that the responsibility is ours when empowering an Exchange, therefore, I support the theory of empowering decentralized exchanges.

Hello, more than possible, it is a fact, the question that they always ask us is: How is it possible, since this is a speculative market?

The answer is simple, there are years of experience in negotiations, buying and selling behind the project, and that made us understand, that there are many projects, AIRDROPS, BOUNTYS, and struggle to be in non-decentralized EXCHANGES, it has a cost inside very high market, that's why we have remained as the Cinderella, ensuring the value of our currency and avoiding overexposure, that has cost us not to have as many investors as we would like, but investors who are for speculative gain, are not our objective, our goal is the users.

Keeping that in mind, it is that you can regulate and keep the price as close as possible to profitable values, so that traders feel comfortable accepting it.

Of course, there are many calculations of balances, prices, games with discounts, mass purchases and implied puclicity, what we try to reduce those costs of the merchants, creating a safe environment for a currency of low speculation.