Crowdfunding Site IndieGoGo Now Hosts ICOs
- IndieGoGo's vetting process of ICOs hosted on its platform will be "rigorous".

This Tuesday, Indiegogo expanded its repertoire of crowdfunding services when it began to serve as a platform for Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Read this Term and investing in ICOs. The decision to take the plunge into the multi-billion dollar ICO industry is a big step for the company.
A startup with the rather straightforward name “The Fan-Controlled Football League” is the first company to use Indiegogo as the host for its ICO. With the $5 million that it hopes to raise through its ICO, the company will form its own league of American football teams that use crowd-sourced wisdom to choose players.
Interesting Timing
It may be that Indiegogo has come a bit late to the party. According to reports from cryptofinance research firm Smith + Crown, only 69 of the 169 ICOs that took place in the month of October were able to reach their fundraising goals in time. The rest were forced to postpone, extend, or even cancel their sales.
In addition to market saturation, there has been a massive amount of skepticism surrounding ICOs in the wake of a continuing stream of ICO-related scams or mishandling of funds raised. The Confido ICO was recently dubbed an ‘exit scam’ after all online traces of the company vanished. Tezos' dramatic saga of accusations and infighting between founders has attracted three class-action lawsuits seeking to retrieve funds that investors contributed to the ICO.
Earlier this week, the SEC issued a statement warning institutional and individual investors of the risks associated with ICO participation, although it did not condemn the practice outright. The SEC has also been cracking down on companies who misrepresent the status of the tokens that are sold during ICOs as securities (or not). On December 11, the SEC forced the Munchee ICO to halt after it was decided that Munchee’s tokens were indeed securities, and not utilities, as it had claimed.
Indiegogo Could Contribute to a Healthier ICO Culture
On the other hand, the inclusion of ICOs on such a mainstream platform may be a good thing for the practice as well as Indiegogo. In a NYTimes report, Indiegogo co-founder Slava Rubin said: “We want to bring a brand of trust to the entire industry, which we think will bring ICOs to the mainstream.”
Indeed, Smith + Crown said while some of the “cooling off” of the ICO scene could be attributed to market saturation, it could also be “a clear sign of a rational market where investors are not motivated exclusively by greed or fear of missing out.” In other words, the ICO market may be maturing; its investors are becoming more discerning.
If Indiegogo is able to successfully vet the ICOs that it chooses to host so that their corresponding companies consistently run above-board operations that bring solid revenue to investors, the whole ICO ecosystem could benefit. According to Indiegogo, the vetting process will be “rigorous”, with “Expert Whitepaper review by Indiegogo, MicroVentures, leading securities & cryptocurrency law firms.”
So far this year, the ICOs have brought in over $3 billion to their investors. According to the CoinDesk ICO tracker, $743 million of that was raised in November alone. In September, Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Read this Term founder Vitalik Buterin said: “In the long run, the [ICO] market will need to find a way to judge which projects make sense and what their appropriate worth is.” Indiegogo’s new platform could just be one of those ways.
This Tuesday, Indiegogo expanded its repertoire of crowdfunding services when it began to serve as a platform for Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Read this Term and investing in ICOs. The decision to take the plunge into the multi-billion dollar ICO industry is a big step for the company.
A startup with the rather straightforward name “The Fan-Controlled Football League” is the first company to use Indiegogo as the host for its ICO. With the $5 million that it hopes to raise through its ICO, the company will form its own league of American football teams that use crowd-sourced wisdom to choose players.
Interesting Timing
It may be that Indiegogo has come a bit late to the party. According to reports from cryptofinance research firm Smith + Crown, only 69 of the 169 ICOs that took place in the month of October were able to reach their fundraising goals in time. The rest were forced to postpone, extend, or even cancel their sales.
In addition to market saturation, there has been a massive amount of skepticism surrounding ICOs in the wake of a continuing stream of ICO-related scams or mishandling of funds raised. The Confido ICO was recently dubbed an ‘exit scam’ after all online traces of the company vanished. Tezos' dramatic saga of accusations and infighting between founders has attracted three class-action lawsuits seeking to retrieve funds that investors contributed to the ICO.
Earlier this week, the SEC issued a statement warning institutional and individual investors of the risks associated with ICO participation, although it did not condemn the practice outright. The SEC has also been cracking down on companies who misrepresent the status of the tokens that are sold during ICOs as securities (or not). On December 11, the SEC forced the Munchee ICO to halt after it was decided that Munchee’s tokens were indeed securities, and not utilities, as it had claimed.
Indiegogo Could Contribute to a Healthier ICO Culture
On the other hand, the inclusion of ICOs on such a mainstream platform may be a good thing for the practice as well as Indiegogo. In a NYTimes report, Indiegogo co-founder Slava Rubin said: “We want to bring a brand of trust to the entire industry, which we think will bring ICOs to the mainstream.”
Indeed, Smith + Crown said while some of the “cooling off” of the ICO scene could be attributed to market saturation, it could also be “a clear sign of a rational market where investors are not motivated exclusively by greed or fear of missing out.” In other words, the ICO market may be maturing; its investors are becoming more discerning.
If Indiegogo is able to successfully vet the ICOs that it chooses to host so that their corresponding companies consistently run above-board operations that bring solid revenue to investors, the whole ICO ecosystem could benefit. According to Indiegogo, the vetting process will be “rigorous”, with “Expert Whitepaper review by Indiegogo, MicroVentures, leading securities & cryptocurrency law firms.”
So far this year, the ICOs have brought in over $3 billion to their investors. According to the CoinDesk ICO tracker, $743 million of that was raised in November alone. In September, Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Read this Term founder Vitalik Buterin said: “In the long run, the [ICO] market will need to find a way to judge which projects make sense and what their appropriate worth is.” Indiegogo’s new platform could just be one of those ways.