The venture capital space hasn't evolved much over the last 30 years, assuming you know the right VC's and have a decent business plan, you're giving up at least 50% of your company, for little more than some cash and hopefully a few introductions.
ICO's are changing the funding landscape by unlocking new forms of liquidity and value creation through the use of crypto-currency. We believe that traditional forms of value creation such as equity-centric funding and fiat based currencies will not be the primary mechanism of future economic growth. ICO's, in particular, offer an attractive alternative to VC and a more secure and liquid option for crowd-centric funding.
Based in Toronto, Canada, the two founders are Reuven Cohen and Randy Clemens.
A successful entrepreneur, in 2003 he founded Enomaly, one of the first infrastructures as a service (IaaS) platforms. In 2012, Enomaly merged with Virtustream and ultimately sold to EMC for $1.2 Billion.
A serial entrepreneur with 20 years experience in the technology services industry. Founded and built Redwood Global into a leading consulting firm with over 200 employees and $30M in annual revenues. He successfully sold the business in 2014.
CoinLaunch provides a free and easy to use Coin Creator that enables anyone with little to no experience in cryptocurrencies the ability to create there own Ethereum based ICO (ERC20 tokens). Combined with an ICO campaign creator that allows users to create an entire ICO campaign as well as accept ethereum based funding from backers.
Our funding system allows for backers to easily fund various campaigns using a built-in crypto payment gateway. The best part is because it uses Crypto-currency there are no transaction fees. A campaign backer just needs to send ether to the ICO contract address. We track and manage the rest.
The platform includes an integrated compliance system that allows for any vetted ICO's to comply with various local regulations including KYC and AML. We are also working on integrating SEC based crowd-funding compliance, specifically Job Act Title III and Regulation A.
CoinLaunch provides PRE-ICO capabilities that enable campaigns to include various contract and legal documentation such as SAFE and SAFT (Simple Agreement for Future Tokens) agreements including a built-in e-signature capability tied directly to a blockchain.
A crypto-currency based affiliate and referral system that tracks and manages all aspects of the promotion of ICO campaigns. The platform facilitates the payment of referrals using a CoinLaunch token, which then can be used to purchase ICO's offered on the platform or redeems for other crypto-currencies.
Also known as: ICO,IPCO
Crowdfunding and kickstarting a digital asset
Analogous to Initial Public Offering, which represents the moment when a private company is offered to the public for the first time. Unlike with IPO where stocks are issued, crypto tokens are created and divided among the crowdfunding participants.
CoinLaunch takes a commission any funds raised paid in Ethereum (ETH).
ETH 1-500 10%
ETH 500-1000 8%
ETH 1000-10000 6%
ETH 10000+ 4%
Each cryptocurrency token embodies a tradable good. This can be for example coins, points, certificates, in-game items etc. This means that crypto tokens can be used to represent a share in a company or can be used as central committee voting rights.
They are often used to raise funds in a crowd sale. That is why many people refer to them as cryptocurrency assets or crypto assets and crypto equity.
Affiliate marketing is a type of performance-based marketing, in which a vendor rewards an affiliate (marketer) commission for each visitor that purchases a product from their website as a result of the affiliate’s marketing efforts.
- You get 5% of any funds raised by successful campaigns paid in CoinLaunch tokens.
- COINLAUNCH Tokens (ÇLT) pay 3.09% a month OR 44% APR
- You can use CoinLaunch tokens to buy any assets offered on the platform.
- 1 ETH is worth 1000 CLT
- Every new account signup pays ÇLT 25.0000
- Each visitor referral pays ÇLT 0.1000
A CoinLaunch Token is a virtual currency used to purchase ICOs on the CoinLaunch platform or is paid for referrals. ETH 1 is equal to CLT 1,000.
Most ICOs today are marketed as ‘software presale tokens’ akin to giving early access to an online game to early supporters. In order to try to avoid legal requirements that come with any form of a security sale, many ICOs today use language such as ‘crowdsale’ or ‘donation’ instead of ICOs. They also use legal disclaimers and language to the participants that this isn’t a securities sale. It is unclear whether this is sufficient for global jurisdictions to treat it differently from a securities sale. To date, the matter hasn’t been litigated in a court of law.
PURCHASE AT YOUR OWN RISK.
As with any boom, there are bad actors to be found in the land of ICOs. Given bitcoin and the larger cryptocurrency world’s deep tradition of enduring bad behavior, it is not a surprise that ICOs are attracting humans of base intent. The purpose of CoinLaunch is help solve this problem. But regardless, be careful.
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
“decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"
When designing CoinLaunch we wanted it to be as simple as possible to pay for things. Most of the hard work is done by us, but there are a couple of things we need users to do when they’re paying, so here’s a quick guide on the what’s what and the who’s who.
Don’t Use Coinbase!
Some wallets, like Coinbase, don’t actually allow you to add transaction data when sending from their service. For us, this is a no-go; we need transaction data to determine which payment is for what on your website. Unfortunately, Coinbase makes this a little confusing, see this screenshot:
The “Note” field here doesn’t actually send any data to the blockchain, so we can’t use it ????
Use MetaMask or MyEtherWallet!
So what’s the solution? Using a service like MetaMask or MyEtherWallet. Both of these services allow you to add data to your transaction, it’s as simple as you’d expect. MetaMask is especially cool since it allows you to interact with all kinds of Ethereum websites. In fact, if you use MetaMask on a website using PayWithEther, you’ll get this shiny lovely button which does all the hard work for you!
If you choose to go with MyEtherWallet, you’ll see a data field when you start to create a transaction, like this:
But do note, you’ll have to click the little “+ Advanced, Add Data” link before the field shows up.
Hopefully, that makes things a lot easier, and you can be paying with Ether like a pro in no time!
Crypto Tokens are created over an Initial Coin Offering (ICO). Even though the wording of “coin” is false, that is what is currently used. Those created cryptocurrency tokens don’t have their own blockchain.
As of writing this article, most ICOs use the Ethereum blockchain, which enables a storage in an Ethereum wallet.
Difference between Coin, Token and Cryptocurrency
A coin has its own blockchain. There is no difference between a coin and a cryptocurrency. Examples are Bitcoin, Ethereum Coin.
A Token is hosted on another currency’s blockchain. Example: FirstBlood Token.
“Currency is a generally accepted form of money, including coins and paper notes , which is issued by a government and circulated within an economy.”
What is more, the currency must have value in the market.
Basically, cryptocurrency is not that different from tokens. Once tokens are issued by some enthusiastic developers group and someone bought it (or received for some job) and can trade them, it becomes cryptocurrency.
However, tokens can be much more than cryptocurrency. They can be used for various cases in the smart contracts ecosystem which accepts that token. For example, Basic Attention Tokens () will be used as token to use its advertising service. This means, that BAT tokens value will potentially increase as all people will have to buy it to use the service.
So to conclude, crypto currencies just help transfer value in accepted way (as physical money), as tokens can be used for various use cases in blockchain.
MetaMask is more than just an Ether wallet. It's an Ethereum Browser, like Mist! It allows you all the same functions, features and ease of access from regular Ethereum Wallets, and it allows you to interact with Dapps and Smart Contracts, and all without the need to download the blockchain or install any software, you can just install it as a Google Chrome Extension! Plus, it has a cool fox logo that follows your mouse around, which made us smile. So, let's get started with MetaMask!
Part 1 – Installing MetaMask
Step 1: Click here to go to the Chrome Webstore and get the MetaMask plugin
Step 2: Click “Add to Chrome" to Install MetaMask as Google Chrome extension.
Step 3: Click “Add Extension" to confirm and MetaMask will be added
You can see that MetaMask is added by the little fox logo that shows up on the top right corner
Part 2 – Creating a new wallet
Step 1: Click the MetaMask logo
Step 2: Read and agree to the MetaMask terms and Conditions
Step 3: Click “Create a new vault“
Step 4: Enter a strong password and click “OK“
Step 5: Metamask will now show you your seed. It is very important that you copy and store those 12 worlds, without them you cannot restore your wallet.
Your account is now created! It's possible that 1 Ether shows up on your balance. That's because you're on the testnet
Part 3 – Changing to the Mainnet & Funding your account
Step 1: Click “Modern Testnet“
Step 2: Choose “Main Ethereum Network"
Step 3: MetaMask will now ask you for the password. Type it in and click “Unlock“
You'll notice that your Ether balanced has disappeared, which is a bummer, but now you're ready to fund your account for real.
Step 4: Click the copy logo to get your wallet address. Then all you have to do send Ether to it from your favorite exchange or wallet.
Part 5 – Sending Ether
Now that your MetaMask account is funded you can easily send Ether
Step 1: Click “Send“
Step 2: Enter the wallet address to where you want to send Ether to (1), Enter the amount of Ether you want to send (2) and click “Send" (3)
Step 3: Confim the transaction data and click “Accept“
And that's it! You can now send and recieve Ether on your MetaMask wallet. Furthermore, you'll also be able to visit Ethereum Dapps thanks to this awesome extension.
We reserve the right to reject affiliate applications for any reason. We also reserve the right to choose whether we provide an explanation or reasoning for affiliate application rejection. Below are just a few reasons why an application may be rejected (this is not an exhaustive list):
Affiliate applications for websites that sell, advertise or engage in pornography, phishing scams, spamming, illegal business practices or that include any material infringing on National or International Copyright will be rejected.
Affiliate applications for websites that we do not believe are aligned with our industry or business may be rejected.
If you apply to become an affiliate and you have not purchased an extension license, your application may be rejected.
If you apply to become an affiliate and it has been less than 30 days since you purchased an extension license, your application may be rejected.
Affiliate applicants with websites that re-sell any of our products will be rejected.
Websites considered inappropriate by CoinLaunch will be rejected.
The following types of sites are not permitted to become an affiliate: adult sites, sites that display adult material or banners, sites that promote violence, hatred or bigotry, sites that promote or engage in illegal activity, including (but not limited to), hacking, cracking, nulled, and warez sites. Affiliate applications for inappropriate websites will be rejected, and we reserve the right to choose whether or not to provide a rejection reason.
Prohibited and super uncool promotional methods
We love and back our product 100%, and we are very careful with how it’s promoted, so we want affiliates who are 100% behind us too! The prohibited promotional methods listed below aren’t meant to scare you off – they’re here to protect you, and us, and our customers from any freaky or fraudulent activity, which is something we take pretty seriously. We know you’ll understand. But here they are in writing just in case you’re not totally sure what is and what isn’t allowed.
- CoinLaunch may not be promoted on coupon sites. Customers who are searching for a coupon are already in the market for CoinLaunch, so this method adds no value to CoinLaunch.
- Any type of spam is prohibited. Links, ads, emails, comments… any type of spam. Please respect the posting rules of any 3rd-party websites you use to promote CoinLaunch. P.S. This is not an exhaustive list of spam methods; if we decide that your activity is spam, it’s spam.
- Any illegal activity or activity deemed offensive by us is prohibited. This may result in referrals being rejected and/or your affiliate account being deactivated. See above for super cool promotional methods!
- We’re flattered, but please don’t pretend to be professionally associated with CoinLaunch. Affiliates aren’t employees of CoinLaunch, and have no employee rights.
- Pretending to actually be CoinLaunch is 1000% prohibited. Cloning our site, copying our site, using our copyrighted site assets, and pretending that a site created by you is an official CoinLaunch site is unethical and prohibited (this includes using services that automatically clone websites, or place them into iframes).
- Again, false promotion to customers that you are endorsed or operated by CoinLaunch is prohibited (and super uncool).
If you’re unsure or concerned that some activity you’re about to proceed with may be considered prohibited, please ask us.
(And yeah, we know 1000% isn’t an actual number. You get what we mean!)
Consequences of not-cool promotional methods
If your promotional methods step outside of these terms, your referrals may be rejected and we may disable your affiliate account. We reserve the right to do this and may or may not notify you in the instance that this occurs. Please use allowed promotional methods, and help us to help you succeed as an affiliate!
Both founders have previously had large exits and are self-funding the platform with the goal of performing several customer ICO's before our own ICO, scheduled for early 2018.
Once you’ve deployed your contract to the Ethereum mainnet, send us a copy of the TX record on etherscan and we can provide you the source code.