Our managing director Morgan Hill was invited to speak at ICO conference in New York on September 22nd. It was an excellent event with number of great speakers and sessions through out the day. ICOnference was a fantastic event to meet enthusiastic crypto investors and company founders from across the globe.
What has shown great traction is how AxionV maintains the investment approach of focusing only on proven business models or established blockchains that have shown value through broad user adoption.
In addition, new ICO based startups are focusing on novel blockchain concepts and synergy with existing business models, such as streaming data and application services. This is much better than the current Alt-Coin model on Ethereum where you just take a core business, say lending loans, web domain registration, or Moon-pie cakes, and make a coin for it. The blockchain is certainly the next frontier and many investors, developers and major companies are taking it seriously. There are many opportunities in it, and we are just on the tip innovation and opportunity.
At the conference, we observed a number of novel concepts, like the creation of an IoT (Internet of Things) hardware tag that would uniquely be matched to a blockchain address which would accept direct payment. The investment potential here is amazing and could be its own 10x class multiple if executed well. This has many revolutionary ideas, such as the ability to pay the “meter” directly for service such as electricity or water. It reminded us of Vitalik Buterin’s quote about the smart contract being the equivalent of a vending machine for products.
AxionV will only invest into companies where there’s a virtual guarantee that funding and capital are secure.
While looking at how to do your own private institutional level ICO, our development team has already been gathering investment data across the cryptocurrency industry, and this information can be compiled into an ICO investment database. As mentioned in the presentation, it’s remarkable how ICO’s are facilitating “Crowdfunding 2.0”.
In the near future our machine learning based AI should have enough data to start making direct investment recommendations into ICOs in addition to crypto currencies. Morgan stated that the AxionV objective is to provide the best returns for investors and it is well on its way in that regard. You can participate in AxionV Pre-Ico here and see for yourself how AI crypto trading can minimize risk and maximize returns.