ConcourseQ Offers Communal Due Diligence on ICOs
References: producthunt
Cryptocurrencies have been around for years, but thanks to the recent boom, more and more developers are looking to release their own coins; ConcourseQ is a new community resource that helps investors to separate the wheat from the chaff. The community platform provides due diligence on the wealth of cryptocurrencies being introduced every day.
Most people are aware of the biggest cryptocurrencies -- Bitcoin, for example -- but they might not realize that there are always new coins being released through initial coin offerings (ICOs), which are the equivalent of IPOs in the crypto world. ICOs present investors with an opportunity to get in early, but it's impossible to conduct due diligence on the coin's architecture alone. ConcourseQ crowdsources that process, improving the health of the industry as a whole.
Most people are aware of the biggest cryptocurrencies -- Bitcoin, for example -- but they might not realize that there are always new coins being released through initial coin offerings (ICOs), which are the equivalent of IPOs in the crypto world. ICOs present investors with an opportunity to get in early, but it's impossible to conduct due diligence on the coin's architecture alone. ConcourseQ crowdsources that process, improving the health of the industry as a whole.
Trend Themes
1. Community Due Diligence - ConcourseQ offers a communal space for investors to conduct due diligence on new cryptocurrencies, improving the accuracy of investment decisions.
2. Initial Coin Offerings (icos) - The rise of ICOs presents an opportunity for investors to get in early on new cryptocurrencies, but the lack of due diligence calls for platforms like ConcourseQ to ensure investor confidence.
3. Cryptocurrency Innovation - The continuous release of new coins highlights the ongoing innovation and development in the cryptocurrency industry, prompting the need for platforms like ConcourseQ to navigate and evaluate these advancements.
Industry Implications
1. Cryptocurrency - The growing number of cryptocurrencies being released through ICOs requires platforms like ConcourseQ to provide due diligence, reinforcing trust within the industry and creating opportunities for disruptive innovations.
2. Investment - The influx of ICOs introduces new investment possibilities, but the need for comprehensive due diligence solutions, like ConcourseQ, emerges as an industry requirement, driving potential disruptive innovations in the investment sector.
3. Crowdsourcing - ConcourseQ's community-driven due diligence approach highlights the potential for disruptive innovation in crowdsourcing platforms within the cryptocurrency space.
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