Transcript: “TOP 5 CRYPTOCURRENCY ICO'S RIGHT NOW!”

Published on Aug 15, 2017 by Suppoman Udemy on YouTube

Welcome to another episode of savage cash here with me Suppoman, your superhero cryptocurrency expert. In today's episode we are going to be looking at ICOs. “ICOs” you say, “not again.” Yes! Now ICOs had a massive wave about a month, two months ago okay. There was an ICO pretty much every day and people in my mastermind group are saying “what do you think this one” and “what do you think of that one”?

There are loads, there are tons of them but I only spotted about 3 that were really good okay. There were 3 that were really good; one was Civic, the other was EOS, and the third is what you would find out if you invested in my Cryptocurrency Investment Opportunity 2017. Because at the time at which I spotted this ICO, it was ICO stage. This cryptocurrency I thought and had a massive belief that this would be a game changer in cryptocurrency okay. But there are only a few at the time, which were actually you know, worth looking at, worth investing in. But there have been a few more recently, very recently that have appeared and I wanted to discuss those with you.

So in today's episode we are going to be looking at the top 5 ICOs that exist right now. So in at Number 5 we have got a Agrello. Now Agrello looks to be quite a promising ICO actually so basically Agrello is about making it easier to have legal contracts okay. So for instance, you know, if you've got somebody staying at your premises and they pay you rent, then you can have an easier contract with them and anything kind of legal, contract-based that you want to have between you and someone else, this process will make it much easier to have that, okay, have that kind of agreement set in stone. It is digitally signed by both parties.

Now the Agrello ICO is only available I think for a few more days. It is currently available for you. It’s $0.52 per token alright. So you know it looks, it's certainly different okay. Something that I noticed with a lot of ICOs is they pretty much tend to do the same thing okay or it's not altogether clear on what they do okay. So it's always good to see something coming along that’s a bit different from everything else that exists. If you look through a lot of the cryptocurrencies, a lot of them are trying to do the same thing; try and make transactions faster, but a lot of them can't, you know, kind of overtake Bitcoin. Then they probably never will even though some of them have better technology, better working technology, more efficient, it won't surpass Bitcoin. And therefore a lot of them kind of go by the wayside.

Number 4 we have Red Pulse. Now Red Pulse is basically a Neo-based cryptocurrency okay so you need to have some Neo to be able to invest in Red Pulse. Now it's basically going to be available for $0.04 a token based on the current Neo value and how many tokens you get for 1 Neo alright. But this is going to be starting on September 11th and basically it is to enable research, particularly research in the China market okay. So a lot like you know Neo, Neo is the China based Etherium okay so it's basically always been marketed to eastern audiences mainly in China. This is China's Etherium and this is a progression to being the next Etherium.

Obviously, you know, to have purchased some of the ICOs in the past, you needed to have some Etherium to be able to purchase the ICO for instance, Civic okay. So you know, Neo is now taking that step into being the next Etherium but for China where they are now using Neo to actually pay for the tokens in the ICO okay. But this is basically a research coin so as you can see here [Red Pulse ICO website] this is the token page of Red Pulse, alright, and it's basically sharing economy for research. So it's basically a platform that presents research okay. So Red Pulse solves these issues basically because in China, you know, they've got all this wealth of, you know, knowledge, all this purchasing power, and all of that, but none of it is really known.

So the whole point of Red Pulse is to order all the information, the research, intimate information, and to incentivize it. So like it says here; “Red Pulse creates a groundbreaking research content platform that simplifies, incentivizes and directly compensates research producers for their valuable,” insights okay. So it's basically a method of monetizing research and basically research in China. So this is something which is going to possibly be pretty amazing. Because you know, China, there's probably a whole heap of information that needs to be ordered, presented and you know kind of [be made] available to people and it gives an incentive to the people that provide research to get that information. So, this is something that could easily have a lot of value particularly for China, alright.

And given that Neo is lending its name you know, you need to purchase, you need to have a Neo wallet to be able to actually purchase Red Pulse, this is going to be, I imagine, something that China wants to get behind to. Therefore, it gives the indication that this has some long-term value okay.

Now, I've had a look at the team; the team seems to have quite an impressive, I suppose, a quite an impressive background. There are quite a lot of people behind the team if you look at their LinkedIn profiles, quite a lot of them are working for big companies okay, so it's very likely that this is a team that can implement the vision okay.

One of the things about when you're investing in an ICO is you've got to look into the white paper. See what the cryptocurrency or the platform behind the cryptocurrency is looking to solve and then does the team have the expertise, the knowledge, experience to be able to implement that vision. It's all fine having a vision, but if you don't have a skilled team to be able to implement that vision then it kind of, that is what can make the ICO or essentially the cryptocurrency in the future fail or succeed.

At Number 3 we have got a really interesting one, Substratum okay, Substratum. Now, somebody actually offered me money to promote this. I'm not taking any money for any of these cryptocurrencies. When I've been looking around, doing research, what I have found is, there are so many people that are on these bounty schemes, trying to get other people you know to sign up for whatever cryptocurrency they're touting and get a certain percentage of the profits or get a certain amount back in rewards and I just don't believe in that.

So there are people, I mean, there have been some people that you know, behind an ICO or really good opportunity or even a cryptocurrency that's just been recently launched, come up to me and they say, “Suppoman would you do a sponsored video for us or some kind of promotion for us?” and I always say no. I always say no because as far as I'm concerned, I want to kind of be seen legitimately within the cryptocurrency sphere. I don't want to be telling you something is great because I've been paid to tell you it's great. I want to tell you it's great because it actually is great and I want to tell you it sucks because it does suck. If something sucks and I tell you it's great it undermines my credibility, it diminishes your trust in me, so I don't take payments for anything. So anything that you see me talking about on this channel will never ever be something I've been paid to do or encouraged to promote by somebody through some means of reward. Anyway sorry I got off the subject temporarily.

So Substratum okay now, this is a really good opportunity. This was probably a really good opportunity you know about a week ago or maybe even two weeks ago when you could get more for your money right. But right now, Substratum is available for $0.10 a token okay. It's happening right now and it's a tiered system. So basically if you don't get involved in the ICO this week then the amount per token will increase the longer time goes on towards its end date okay. But Substratum is a very interesting one okay.

Essentially what it's looking to do is it’s looking to decentralize the Internet okay. So the Internet, it's controlled you know, you may not think so, but it has got elements of control. And something that we've, certainly something that I found with ICOs recently is that if you're an American investor you can't actually invest in some of these ICOs and this has stopped a massive cryptocurrency investment population from being able to actually benefit from some of the ICOs recently because it's not been, they've not been allowed. They've had to go via some kind of virtual, VPN or whatever it's called. I don't pretend to be technical but they've had to go via VPN to be able to purchase these cryptocurrencies on the sly. And that is something that is managed, is something that's controlled because the internet doesn't allow them to do it.

So, what Substratum aims that aims to do is basically be a decentralized internet okay, free of control, enabling more people to do whatever they want and basically having regular people as hosts okay, note holders to host the internet so it's very interesting actually.

Now this is something that somebody in my Cryptocurrency Mastermind Group, they told me about the other day. They said you know, substratum “I think this is better than whatever cryptocurrency people were recommending on my cryptocurrency masterminds,” and I asked, “why, why is that?” I kind of done some reading about it because somebody asked me to promote this but I said to them, I said you know, “tell me why it's good” and he couldn't explain to me why Substratum was something that I should invest in. He was like “oh you know transaction’s fast.” It's like so what you know, transactions being fast is something that virtually every ICO is trying to enable these days so as far as I was concerned, it wasn't a good explanation. But when I did some really good in-depth research on Substratum I’ve looked at myself and thought this is highly ambitious okay, this is highly ambitious but again you know this is something that you've got to do your research behind.

You've got to kind of look into and see is the team able to implement this, is the team going to be likely to make this happen. Because let's face it, the internet's a large place you know. We really want to be in the position ultimately of cryptocurrency and real life intersecting. When that happens, that is when cryptocurrency values will go right up. Most if not you know, 90% of cryptocurrencies have no real value right now.

Etherium has a lot of value with a smart contract, Bitcoin has a lot of value because of the fact that is accepted by some merchants as a method of payment. But most cryptocurrencies are not, therefore you know, somebody asked me [about] Siacoin, you know “why you recommended Siacoin” in previous videos. Well because I recognized the value, the future value of a cryptocurrency because I'm a long-term investor okay. So as a long-term investor I look at the future I don't look at the now, I don't look for the quick buck. That's what a lot of people do you know, a lot of people say to me you know, “Suppoman you know how quickly do you expect this cryptocurrency to blast off, how quickly do you expect this to be times 10 or times 50 or times 100 or tons a thousand gain?” you know, “when's it going to happen?”

The fact of the matter is that with a lot of these cryptocurrencies they've got a roadmap to be implemented across certain milestones okay. Now with this one, this is quite an ambitious project okay. This is a case of real life, intersecting with cryptocurrency. This is looking to make a big difference in the whole internet world aright. So can the team implement this, have a look at it, and if you have a belief that they could then this is something worth investing in. Certainly because of the ambitious plans because of the roadmap ahead, this is something that I imagine you can get a good return on.

When I invest in ICOs, I tend to invest in ICOs that have a low entry point okay. And the reason why is because it gives a lot of room for your investment to grow. But at the worst-case scenario, if your investment starts tanking, let's say, this goes down, because a lot of ICOs in June and July, they went right down, they plummeted like Polybius -was $10 at ICO stage and have plummeted down to $2.88. It since gone up slightly but what can happen is your investment can actually be halved, it could be completely diminished when it goes on the exchange. Therefore, I go for cryptocurrencies of low value because if this does go to 1 cent you know, then okay it wipes out ten times of my investment but at the same time $0.10 is nothing you know, $0.10!

There's a lot of room for growth with such an ambitious plan like this. This could easily be worth dollars in the future all right. So you know this is something that you need to do your research on. Is this something that you believe in, believe the team can implement? Is this a vision that you share? A lot of people really like the idea of Substratum on my Cryptocurrency Mastermind Group which you can join again if you go to that Cryptocurrency Long Term Investment Opportunity.

Basically speaking, with every cryptocurrency look at the white paper, look at the team okay. There's another big thing which is community. However with a lot of these ICOs, they would be no community. There's probably isn't going to be a subreddit or anything so what you've got to look at is what is the future potential of a community.

Now with something like Substratum this is something that's kind of, it's about causes and when it comes to causes, when people are trying to change the world and try and take control away from this big power that governs the internet -people get behind that, particularly anti-establishment people, people who don't believe in control, basically people that kind of exist in cryptocurrency, that's why cryptocurrency is so huge because it's decentralized. So this has got amazing potential for community, that’s something that you've got to apply for any ICO.

Number 2 is Monetha, whatever it is however it's kind of pronounced. Now Monetha is something that is quite exciting okay. So essentially it's looking to revolutionize payments, the payment system; mobile payments, how you pay merchants, it's something to completely revolutionize that how you pay in retail as well. So essentially when you pay for something is about 16 steps involved when you actually make the payment to the merchants getting the payment, right there's about 16 steps involved.

And what Monetha’s are trying to do is they're trying to use this smart contract technology to be able to quicken the process and take out the transaction fees that are involved in payments okay. So merchants, they have to pay a certain percentage of a transaction. Monetha is looking to take that transaction fee right down okay so it is taking it down to half of the lowest fee the merchant has to pay. Half of the lowest, so this is going to be the best and cheapest and most efficient payment process once this roadmap has been you know kind of implemented over time. This is going to see a series of years to actually be at a stage where this is really truly valuable. This is a potential long-term. Now, as a person that invests in long-term cryptocurrencies, this is one of them okay. This is a potential cryptocurrency that has the opportunity to be big if implemented okay. This is one of those kind of big idea thinking things right now.

You will see a lot of cryptocurrencies trying to make transactions faster, make fees a lot lower, but this one seems like it actually has some gravitas about it. So this is Monetha [Monetha website being shown], this is their website this is kind of meant to be a video in the background that shows kind of how the thing works and how it can be used but essentially speaking, it is mobile payments.

Now let's have a look at the team. Now the team have will from what I have had a look at the team have quite a strong, a strong background in payments okay. So this guy here for instance is a former executive at PayPal okay. “Eric was the general manager of mobile at PayPal” okay, so this guy is one of the superstars of the team okay. So when you're looking at a team you want to look at somebody who has real true expertise in the niche that the cryptocurrency is operating in. And the payments lead, this is ultimately a payments [gibberish] ultimately it's a whole payment solution so you need to have somebody who's a big deal in payments. Now this is looking to kind of revolutionized PayPal but I think Monetha have kind of called it the kind of payment PayPal means Trustpilot. So Trustpilot is about scoring and it's like a feedback system. It’s basically giving information to potential vendors, potential clients, as to the trustworthiness of the payment background of a client or a merchant okay. So having somebody from PayPal really helps.

And then we've got this guy here who's in charge of decentralized trust and reputation and this guy has, well he's got a quite established background you know, PhD in computer science from Trinity College. He's advised companies like Philips, Amazon, Talis, which is quite a big company, and Swiss quote. And he also has started to apply online reputation management to the FinTech world, the financial technology world as Chief Reputation Officer of globe coin or Globe Coin. So we've got two superstars here.

So basically we've got the payments and PayPal side satisfied by Eric and then we've got the Trustpilot, trust feedback side covered by Jean-Marc Seigneur, I think that's how it is [pronounced]. So this team looks pretty good and then if we go down a bit more we see the kind of founders behind it okay. They look, they're quite young entrepreneurial, they've got good backgrounds, you know so have a look at that. But this just gives you an indication of what you need to look for when you are doing your research.

Not only you're looking at a very good price but also looking at the tech and looking at the team that has to implement the tech. But certainly given what this is trying to achieve; so faster payments, more trustworthy payments, and actually having a rating system so that when you're paying somebody, you know if this person has got a good background in payments you know. Because basically when you are paying somebody that not only does the client but the merchant also has the ability, with the app, with the Monetha app to be able to rate their experience and rate the person they've done business with so this looks like a pretty good one.

I certainly know that everybody, well there's quite a big community within my mastermind group that like Monetha.

So what is the number 1 opportunity that exists at the moment at ICO stage? Number 1 opportunity is Enigma. Now I say this is the number 1 opportunity because I did a poll in my mastermind group earlier and nearly 50% of the entire vote of which there are about 800/900 votes probably a bit more, most of them were either getting behind Enigma or wanted to know more about Enigma okay. So this is the one that is seen as the big one okay. So Enigma it's not altogether clear when you look on the internet to try and find the token prices but we have it down about 60 cents and this is going to be available in six days. time alright.

Now this is essentially a cryptocurrency that is your own private crypto hedge fund okay, your own crypto hedge fund, so this is the white paper [white paper being shown] behind Catalyst, Enigma Catalyst okay. So basically what it's saying is “inspired by the rapid growth and proliferation of crypto assets we propose Catalyst, the first investment platform that enables developers to build test and execute micro crypto funds so through Catalyst, developers can access Enigma’s decentralized data marketplace protocol and consume valuable crypto data that can be used in their strategies.”

So basically with this whole hedge fund system, it enables people to have better investment strategies when they are investing in cryptocurrencies. They have better data, risk data to be able to go with and be able to basically implement investing strategies per coin okay. So they're going to have data to be able to drive what strategy they take per coin. So this is something that is quite grand in terms of what the grand vision in terms of what the cryptocurrency is looking to achieve okay. And this is certainly the big reason why this cryptocurrency is seen as the most popular and it's certainly the most popular amongst my community.

So this cryptocurrency does seem quite exciting especially because of the kind of algorithmic features of the platform okay. When you're talking about algorithms, that is when we are talking intellectually and you know, cleverly about investing okay. So algorithms is something that enables a platform to be able to work in an automatic way okay, so this is going, so it's an intelligent thing to have inbuilt into a platform okay. So for instance Google that has algorithms, YouTube that has algorithms, and essentially enables the best information to be ordered and plan from the right people.

So when we're talking about investing in cryptocurrencies we are in an early we’re at an early stage in cryptocurrency. So this is going to enable smarter decisions, better strategies with cryptocurrencies okay. So this is somewhat of a game changer if properly implemented for the cryptocurrency game okay. You’re going to have newbies that are more likely to get smarter information to be able to make investments okay. So as far as I can see it, Enigma is rightly so, one of the best ICO opportunities right now. What I will say about Enigma though is that it is $0.60 per token okay now that is the most expensive token amongst this selection here.

Alright now, this says that the cryptocurrency has value to me okay, so if you're going to buy a watch, you buy a Rolex watch, because a Rolex watch is arguably more expensive than Timex, Tissot so you know Tag Heuer or of that alright. So basically is priced higher because it gives this I suppose, perception of quality. And that the same principle can be applied here okay. So the fact that it's $0.60 it gives the appearance that this is valued high to start with okay, it's not Polybius high, but it is still high all right so this gives a good impression. So whereas something like Substratum, there's almost when you look at it relative to all the other values, here you look at it and you think, “is there a reason it's the second cheapest, is there a reason that you know they have valued themselves at that price while Enigma have valued themselves more? Is there something in the belief of the founders that is making them apply that price?” So it does get you kind of thinking from a psychological perspective that you're probably going to be investing in something higher quality with Enigma than with something like Substratum or Red Pulse. And Red Pulse is research at the end of day you know, it's something that's probably more appropriate for China because this is looking at research for China really because it's a China based-platform.

However what I will say though is that you should just do your own research when it comes to this okay because you will probably find that one ICO will appeal to you more than another okay. So if you'd like be internet let's say, you're a developer and you work with you know you do a developing or your programming or something or you are involved in web hosting or something to do with domains you may really like the internet-based ICO, Substratum.

If you are involved in cryptocurrency and you really want something that enables smart decisions enables you to have better information when it comes to investing and having better investment strategies and hedge funds then you may be way more interested in Enigma.

If you like something like payments okay so I know people from the payments field I used to work with people in the banking sector they’ll probably love this whole payments cryptocurrency. So at the end of the day is a case of doing all the due diligence right; white paper, team, vision, potential, community, entry price.

But then when it comes down to is personal taste as well. Now a cryptocurrency that I've got involved in is about personal taste. It's something that directly impacts me and a lot of the people that I know and a lot of people that I serve. So as far as I'm concerned it's something that I want to back, it’s something I want developed it’s something I want to help be out there, help fund it, help be behind it, be a member of the community for it. So when it comes to these ICOs it's not about me saying to you, “yeah go with Enigma or go with Substratum or Monetha.” It's not about that; what it's about is you, subjectively applying yourself to a cryptocurrency. You are more likely to be an active member of the community if it's something you relate to, something that you like okay.

If it's something that you're behind and you want to see brought out there, that is something you should go with. So although I've got the Top 5, although I've got it ordered, although these are you know meant to be done in order of what is the best opportunity, really what you've got to do is apply your own personal taste to this okay, what are you personally wanting to see succeed.

So now I've told you the Top 5, what I also want to tell you is ICOs are the highest risk cryptocurrency okay. You can look down this list right now, these are cryptocurrencies are currently on exchanges [showing altcoins from coinmarketcap.com], they're currently being traded, they're currently being appraised for value, and this is where you can see how much cryptocurrency is worth based on being on an exchange for a period of time okay. These have gone up and down in value but essentially speaking, you have got a bit of a track record that you can look at. With ICOs is early-stage, ICO stands for Initial Coin Offering meaning that this is being made available to you before it goes on the exchange. it's being made available to you as a pre-sale so therefore you know you've got to really apply all the criteria that I've just kind of told you about in order to see if the risk is high or low okay.

So there's always be an element of risk but you can manage that risk by looking what the vision is and the team behind it. If it's an ambitious vision but not a very good team then you kind of know what to do so that is basically how you need to apply yourself with ICOS because they are high risk and you need to make sure that you're doing your due diligence before just investing in it and certainly do not invest in it just because I say it's got good potential or it could be a game-changer, it could be this or it could be that.

Do your own research and make sure that this is a cryptocurrency you are willing to invest in. With ICOS what a lot of people do, I certainly know a lot of whales do this, I'm in contact with a lot of whales, a lot of whales in the game, they're my friends and what they do is some of them they invest in an ICO, when it goes on the exchange, they sell it. Because what happens is that it goes on the exchange it tends to go on at a relatively higher price to its ICO offering and then they sell it and then the coin dumps. That's basically what has been happening over the course of the last month or two with ICOs. A lot ICOS tend to go on the exchange, go high very initially and then boom right there okay. Now some of this has to do with Segwit with Bitcoin, but also it's also because a lot of the whales that I certainly know of, they want to cash out ASAP okay.

They get involved in something at very low entry point which you saw those cryptocurrencies are, you know. When you look at most of these cryptocurrencies except for Ripple, you know you will see that you are paying a lot less to invest in these cryptocurrencies than you are with these ones you know, with the established ones, the ones that have been on the exchange. So that presents an opportunity to make a really good gain when it goes on the exchange. But what you need to do is you need to kind of look therefore, at the team, at the vision, at the potential community, at the entry point and decide if this going to be short-term or is this going to be long-term.

Now when I get involved in an ICO, I'm going to be honest with you, I only get involved for the long term. I only get involved in an ICO where I see a really good vision. I go for it, I invest in it, and I stay with it okay.

Now, the ICO opportunity I got involved in has now gone on to the exchanges and has been doing really well and I know that based on the road map that has got to go down you know that I've got to invest in this for the long term. Now there quite a few different milestones a case not on a major exchange yet that is going to elevate the price okay. The platform hasn't been built yet not even really started. When that starts to be built that's going to elevate the price. Now there are quite a few elements to the platform that's going to be built with this cryptocurrency so you know there's going to be the actual product you know, the product that I'm personally really invested in that needs to be built as a matter of urgency.

Then you need the clever stuff, the algorithmic stuff, then you need a reward system, and then as far as I'm aware there is now going to be a social system. I got a social networking system attached to this cryptocurrency so knowing all of these milestones means I can just invest, put it in cold storage sit back, relax and just let it create money for me over the course of time okay.

So look at these ICOs and think, “do I want to just cash out or do I want to invest in the long-term?” Long-term is best because that is where you realize the true value. You know if I sold you know, let's say I've got Enigma when it comes on the exchange I doubt it's going to go really sky-high it's not going to be like $60 straight away. It’s probably going to be about you know probably about $0.90 cents, $1 dollar, $20 at most okay. So you do I want 2 times investment or do I want 100 times a hundred times, a thousand times.

So that is how to look at these ICOS and like I say with this cryptocurrency that I've invested there's a long way to go and it's still at a really low price, much lower than $1 which means it's a really good time to buy into it and accumulate it.

So I hope that this cryptocurrency ICO podcast has really helped you with what's out there at the moment and has given you some criteria, I suppose, to be able to apply to any ICO or cryptocurrency around other moment.

Thank you for being with me on today's episode of Savage Cash and I will see you in the next episode

[Music]

THE TOP 5 CRYPTOCURRENCY ICO'S!  (Monetha, Red Pulse, Enigma Catalyst, Substratum, Agrello) 💳
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