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      "body": "Congratulations @picolo! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@picolo/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@picolo) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=picolo)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "title": "Ripio (RCN) ICO Analysis - Picolo Research",
      "body": "**ICO Analysis of Ripio (RCN) — Creating a global P2P credit network**\n\n\nRipio (formerly BitPagos) is a Buenos Aires-based fintech startup which is seeking to implement a global P2P credit and lending network on the blockchain.\n\nRipio claims to already have over 100,000 users in Latin America which utilize its bitcoin exchange and credit products.\n\nIn brief, the Credit Network they are developing has a requirement of several parties to successfully execute the contract:\n\n1) Borrowers who seek to establish a line of credit\n2) ID Verifiers who perform KYC checks\n3) Scoring Agents that assist in determining credit risk\n4) Co-signers who underwrite the risk of the credit default\n5) Lenders that put up the capital being loaned\n\nThe company positions its value proposition as a lower cost, faster and more efficient alternative to traditional lending institutions (particularly for the ‘unbanked’ market).\n\n**Token Sale**\n\nThere will be a total of 1 billion tokens issued under the code RCN. As of October 11, Ripio has raised approximately $31m in its presale (~425m tokens). \nThere are approximately only ~85m RCN available for sale on the official ICO date at this time.\nBased on the above figures the market cap will be approximately ~$70m at completion of ICO depending on the ETH price.\nThe use of proceeds has been stipulated with the vast majority of funds being used for development, legal and marketing.\n\n**Tokens for Investors**\n\nTokens issued by Ripio (RCN) play a central role in the ecosystem for the following reasons:\n\n- RCN is used as the platform currency for the payment of ID Verifiers and Scoring Agents\n- RCN is used for various transactions between the wallet provider/agent as well as the Cosigner (in the form of premiums)\nRCN will be distributed at the close of the token sale.\n\n**Commercial Strategy**\n\nRipio already have an established track record in the market dating back to 2014. The commercialization from a high-level view is heavily focused on the following:\n\n**Product development:** Ongoing development of the Ripio credit network to complete the full streamlined credit approval cycle\n\n**Market penetration:** A significant amount of capital will be used for marketing the services, which are anticipated to be both domestic and international to Latin America\n\nMore specifically, the roadmap illustrates swift execution in the coming six months.\n\n1) October 2017 : TGE and Network Release + Crowdsale\n2) December 2017: Full Scale Completion\n3) March 2017: Network Development (marketing and biz dev)\n\n**Management**\n\nThe vast majority of the team have been together since BitPagos began. The CEO has been quite active in the startup community for a number of years. Ripio also includes a number of high profile investors/advisors that have backed the company previously in a venture capital capacity.\n\n**Strengths**\n\nRipio’s Credit Network offers a unique variation to general P2P lending systems with regards to the ‘Cosigner’ component which, theoretically, adds a further layer of security and legitimacy to the business model.\n\nThe geographical region they are deploying in provides a strong case for success. Some sources indicate that over 400 million people (or 70% of the population) are ‘unbanked’ in Latin America and the Caribbean, yet the number of cellphones in some regions is upwards of 1.2 per capita.\n\nRipio (formerly as Bitpagos) has an extensive history of seed/Series A venture funding from well-known participants such as Tim Draper, Pantera Capital and Funders Club.\n\nThe company has a track record of delivering on their development and commercial promises with an existing and growing active userbase.\n\nThe team made it to the finals of a pitch at the Techcrunch Disrupt Battlefield in 2016.\n\nThe use of proceeds detailed in the white paper appear to be justified considering the stage of business they are in.\n\nThe team are supported by an advisory board with extensive experience in fintech and lending.\n\n**Weaknesses**\n\nWhile the Credit Network process has been well thought out, it is quite complicated and requires several parties to be involved for a lending deal to be successfully executed. This process includes lenders, cosigners, ID verifiers etc. While the population of the geographic region they are targeting is significant, we can’t confidently say that there will be sufficient volume and liquidity of ‘people’ to take on these roles, nor that there will be a significant spread of lenders (initially) to take the other side of the deal.\n\nWith respect to the above, it is possible that the marketing allocation (19%) may be too low to successfully penetrate the initial market.\n\nThe white paper notes that in the event of default, the cosigner can seek to commence recovery via traditional channels. While we understand defaults are not anticipated to occur frequently due to the scoring system, we do see this as a potential risk to market adoption of both cosigners and possibly lenders. Furthermore, the white paper indicates a level of complexity for those seeking to take a ‘cosigner’ role, suggesting that reduction of credit risk will actually occur by diversifying further and guaranteeing several loans (at least 10) to reduce the probability of singular exposure default risk.\n\n**Conclusion**\n\nRipio presents a speculative buying opportunity for investors seeking exposure to an innovative product in a large emerging market.\n\nWe are attracted to the history of the team, the product development to date and the success they have had over the past three years.\n\nThe participation by well-known venture capitalists and private equity firms since 2015 also provides some confidence of an established business model as well as adding a thick layer of credibility to the teams past.\n\nPicolo Research are bullish on Ripio in the medium/long term as the roadmap indicates an extremely fast and agile development process, which suggests market deployment as early as Q1 2018.\n\nWhile we remain very positive with regards to the above aspects, we do wish to highlight some small concerns:\n\n1) The ecosystem of participants within the network is quite large and complex (at first sight). We believe that further education of this will be needed for successful market adoption. An increase in their allocation towards marketing may also help with this.\n\n2) When analyzing the case study in the white paper, it uses an example loan amount of ~US$2900. This is large in comparison to some of the other ‘micro-finance’ solutions being developed in the market (Everex). We believe that a focus on a larger ticket-size of loans may increase legal fees and possibly deter peer lender adoption due to an increase in risk.\n\n3) The role of the ‘cosigner’ is similar to the underwriters of the insurance and finance world. There is a level of risk here which is usually covered by an actuarial-backed finance institution. To counter this, we envisage the possibility of such ‘cosigning’ evolving into an institutionally packaged product should the margin prove to be sufficient.\n\nNotwithstanding the preceding risks and concerns, we maintain a positive outlook on Ripio in the medium and long-term based on their track record, funding and commercialization strategy.\n\nVisit Picolo to view the complete report: http://www.picoloresearch.com",
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      "body": "**Tip #1: Understand the problem**\n\nEvery business (blockchain or not) is either trying to solve a problem or make a part of your life easier by providing an enhanced offering. The details of these problems are generally covered in what is known as a white paper.\n\nThe issue is, white papers can get very complicated, very quickly, particularly when they resemble a highly technical thesis of a concept product that is barely imaginable to the average human being.\n\nIf you feel you have some good technical knowledge but still can’t decipher what the prospective token is going to do, consider this a red flag (at least for yourself). Ask others to help explain the concept, the issues and the advantages of the offering.\nUnderstanding the problem they are trying to solve is the first rule of analysis. \n\nWithout it, how can you be expected to understand the viability of the solution and make an informed decision about investment?\n\n\n**Tip #2. Compare the solution**\n\nOnce you understand the problem, the solution should (in most instances) be the product they are creating.\nNot all solutions are created equal.\n\nSome solutions are created to compete, some are created to innovate and some, quite simply, are solutions that just don’t make sense no matter which way you look at them.\n\nPut the proposed ‘solution’ into one of the above categories and start your research on the competition. Look at how the solution compares to others if they are building it for less, targeting a different market or anything unique.\nBefore you say ‘they have no competitors,’ look outside of the blockchain ecosystem. Not all innovation needs to be built from blockchain, and whether they like it or not, legacy non-blockchain systems are still competitors.\n\n\n**Tip #3. Avoid the ‘hype’ metric**\n\nThe dictionary defines hype as “a deception carried out for the sake of publicity”.\n\nYou will note that there are several ICO websites that analyze the amount of ‘hype’ associated with a particular token offering and will base their recommendations on the amount of ‘followers’ or ‘backlinks’ connected to the ICO in question.\nHype is not a metric. ‘Hype’ in most instances is an artificial representation of the conviction of the general market. It is a fake and enforced notion that has in most instances been paid for or artificially generated to create FOMO (fear of missing out) and herd mentality in the market.\n\nThere are traders that primarily rely on the hype metric to ‘flip’ ICOs in the short term for capital gain. This can work at times, however, it is not a true representation of fundamental investment, nor will it continue to be a viable strategy for a maturing marketplace that has already had a large number of over-capitalized token offerings that do not deliver.\n\n\n**Tip #4. Block out the ‘presale’ and ‘private sale’ FOMO**\n\nToken sales are getting smarter by the day in artificially creating a level of FOMO by reporting on the success of significantly oversubscribed ‘presales’ and ‘private sales.’\n\nIn many instances, successful funding of these stages is legitimate, but don’t let it affect your analysis of the overall company.\nIt is possible to create complex structuring of ‘early money’ to drive demand for later stages of the sale. We have recently heard of several token sales offering bonus tiers of +150% for such contributions.\nEnsure you don’t get caught up in the early contribution FOMO.\n\n\n**Tip #5. Would you use it?**\n\nPart of analysis is asking yourself a simple question.\n\nWould I use the product/service the token is offering?\n\nIf your answer is no, ask someone else the same question. Better yet, ask ten people the same question and gauge the response. Don’t say anything about the company, the amount raised, the advisors, etc. Keep it simple and collect some raw data from a sample market yourself.\n\nWhile this method shouldn’t necessarily determine the full outcome of the analysis, what it will do is highlight some of the problems the company may face, existing competition and barriers to market adoption.\n\n\n\n**This post was written by the team at Astronaut, a new token focused on asset management of ICOs, altcoins and cryptocurrency.**\n\n**Alternatively, if it’s all too much, join Astronaut to put your ICO investing on autopilot. http://www.astronaut.capital**",
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      "body": "I' invested in Astro as well - that's a very detailed post about them. Great work! Upvoted",
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      "body": "Astronaut will be releasing its Alpha version of the web platform to token holders in the coming weeks:\n\nhttp://www.astronaut.capital\n\n![Astronaut Web.png](https://steemitimages.com/DQmcujjCUQ7EsBbwEkuyPxjLSLL4YVLymGJpRYxiUkcW1UF/Astronaut%20Web.png)",
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      "permlink": "6lrlys-astronaut-token-sale-astro-put-your-ico-investing-on-autopilot",
      "title": "Astronaut Token Sale (ASTRO): Put your ICO investing on autopilot",
      "body": "# Today we present **Astronaut**  (ASTRO).\n\n****\n\nAstronaut is an innovative new ICO which seeks to close the inefficiencies of prospective investors filtering, researching and ultimately investing in ICOs.\n\nIn short, Astronaut allows you to invest in one token, which in turn gives you ownership to the best, verified, and researched backed ICOs every month.\n\n**Access our material here:**\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n![astronautpicolo.jpg](https://steemitimages.com/DQmZstPB53N7bgWCXcHSSgenmVYfBYoeyQbkUgooCub6gJP/astronautpicolo.jpg)\n\n\n### **Quick brief**\n\n****\n\nAstronaut’s tokens (ASTRO) provides two kinds of returns to its users:\n\n**1)** Token appreciation aligned with the Net Asset Value (NAV) of the fund; and\n\n**2)** Quarterly income distributions based on the investment and exit activity of Astronaut\n\nAstronaut will be the first to establish such a platform in the crypto community, offering efficiency and flexibility, whilst also giving investors the desired exposure to the crypto asset class without any of the ongoing transactional pain points.\n\n\n![Screenshot 2017-09-14 13.50.44.png](https://steemitimages.com/DQmbAsCfBciBHPoenFnF4vVf4PMxZa8bLxQnXNNo7uMjfVE/Screenshot%202017-09-14%2013.50.44.png)\n\n\n### **Where did Astronaut come from?**\n\n****\n\nAstronaut is a creation based on the needs and wants of our subscribers at Picolo Research [http://www.picoloresearch.com]()\n\nAstronaut owns and operates Picolo Research, a top tier research firm specialising in institutional grade research for new Initial Coin Offerings. Picolo is independent and does not receive remuneration for its recommendations.\n\nFollowing a series of interviews and feedback from our 10,000+ subscribers, we were confronted with the inefficiencies that every-day people experience when trying to gain exposure to the right ICOs at the right time.\n\n*It was at this moment that Astronaut was born.*\n\n![Screenshot 2017-09-14 13.52.04.png](https://steemitimages.com/DQmaYBKsyEJwRFRvGiHqoDCjYNnP8RyYou6LnVWQRQ51Cjz/Screenshot%202017-09-14%2013.52.04.png)\n\n\n### **What makes Astronaut a good token?**\n\n****\n\nUtilising our internal research team at Picolo Research, we have a track record of providing investors with real opportunities that are focused on growth and capital return.\n\nFeel free to browse our recommendations and track record by visiting http://www.picoloresearch.com\n\nOver 10,000 crypto investors currently rely on us to perform detailed due diligence and uncover the best opportunities for capital gain. \n\n![Screenshot 2017-09-14 13.27.35.png](https://steemitimages.com/DQmbPpFWQsi3jbTEzrW3Ev9gvDchP3j4C4pVFTcDKZubNGk/Screenshot%202017-09-14%2013.27.35.png)\n\n### \n\n### **What is our performance like?**\n\n****\n\nAstronaut focuses on growth opportunities that are prime for capital gain. Our mandate is geared towards investment that has a significant chance of a liquidity event (exit) within 1-6 months of capital injection.\n\nOver the last quarter, Astronaut has completed public due diligence reports on twelve new Initial Coin Offerings which have satisfied its filtering and market-scanning process. Out of the twelve ICO due diligence reports, four of them have been disregarded as ‘Avoid’ based on further analysis.\n\nOf the eight investments that we have deployed capital in over the last quarter, two of them have listed on major exchanges and are available for public trading. The remaining six are all scheduled to commence trading in the coming months, however they are also currently listed on secondary markets and available to trade over-the-counter (OTC).\n\n![Screenshot 2017-09-14 13.28.01.png](https://steemitimages.com/DQmQM43EqVYuowhVSh2sERmdvWDjwhvtQsLWXWAQQCc2uep/Screenshot%202017-09-14%2013.28.01.png)\n\n![Screenshot 2017-09-14 13.54.58.png](https://steemitimages.com/DQmZjgkxh9XUdaRrti5x1ghR8jRtiVRMSA6zJvZMnMibigp/Screenshot%202017-09-14%2013.54.58.png)\n\n![Screenshot 2017-09-14 13.55.04.png](https://steemitimages.com/DQmctysSXYMaHK6GWvMbErCR4sZUq4E9ZPpjq6ToZw91Nqp/Screenshot%202017-09-14%2013.55.04.png)\n\n### How does Astronaut choose what to invest in?\n\n****\n\nAstronaut takes a methodical approach to investment utilizing its experience within the private equity markets and small-cap (pink sheets) sectors.\n\nWith our experience in analysing concept stage and pre-revenue startups, the team bases their research analysis off several fundamental and technical factors such as:\n\n•  Management and team track record\n\n•  Structure of the token\n\n•  Capital spent to date\n\n•  Anticipated capital to be raised\n\n•  Use of proceeds raised\n\n•  Current intellectual property\n\n•  History of development\n\n•  History of commercialization\n\n•  Commercial viability of the project\n\n•  Professionalism and credibility of the organization\n\n•  Market demand and anticipated liquidity\n\n•  Company structures and incorporation\n\nOur analysts utilize a number of algorithms and API feeds to screen and shortlist all upcoming ICOs. From this point forward, our shortlist is examined, researched and calculated using a scoring system developed internally.\n\n![Screenshot 2017-09-14 13.56.16.png](https://steemitimages.com/DQmRhBSSCPn8FDpFA4VFA9X5gxaZupWwyb1zX39rjuxhNga/Screenshot%202017-09-14%2013.56.16.png)\n\n![Screenshot 2017-09-14 13.57.02.png](https://steemitimages.com/DQmPBun3y2jRM9guNpgeEB8CJT8m1GHqAExpk1ecmHJyvzr/Screenshot%202017-09-14%2013.57.02.png)\n\n\n### How does the Token Sale work of ASTRO?\n\n****\n\nAstronaut believes that the power of the tokens lies with their holders, which will continue to provide the demand, support and liquidity within the ecosystem. In light of this, all tokens, bar a small percentage, will be offered to the market, with the remainder used as an incentive for the Investment Committee (IC) who are actively researching and executing the opportunities.\n\nThere will be 30,000,000 tokens issued as a one-off. After this time, there will be no more tokens issued.\n\n![Screenshot 2017-09-14 13.57.59.png](https://steemitimages.com/DQmevCcDEzVvS3V8zahTbJ3xSnYueJ3YLpzD47HwRrGhdCL/Screenshot%202017-09-14%2013.57.59.png)\n\n\n\n\n\n\n**Leftover tokens will be burned**\n\nAny tokens that are not sold through the crowd sale or allocated as per above will be burned. In this instance, ICO investors will receive a lower entry price proportional to the amount of tokens remaining.\n\n\n\n**Operating costs and development of portfolio infrastructure**\n\n\n\nAs Astronaut is a close-ended fund structure, it will be subject to certain operating costs for the life of the token. In light of this, there will be a small allocation of funds to be used over time to pay for operating expenses, investment analysts and the completion of its Astronaut Portfolio Tracker apps and auditing tools.\n\n- **92%** of funds will be deployed strictly into investment to achieve token holder income and capital growth\n- **8%** of funds will be utilised for ongoing operating costs (auditing, legal, terminals) including the completion of our portfolio tools for token holders. This portion from the initial sale is budgeted to last for the life of the token.\n- *2%  additional management fee will apply per annum for the ongoing administration of the Astronaut platform (this will only come into effect after the initial 12 months to assist with any extra operating costs)\n\n\n\n### How do dividends work?\n\n****\n\nAs part of the Astronaut income strategy, holders of the token are entitled to receive quarterly dividends based on the performance of realised investments over that period. \n\nThe breakup of the distribution is as follows:\n\n- 50% of ‘realised’ profits via Astronaut investment activities will be credited back to the token holder in ETH on a quarterly basis\n\n\n- 40% of the profit will be reinvested into Astronaut, therefore expanding assets under management (AUM) and appreciating the token price of ASTRO\n\n\n- 10% of the profit each quarter will be used to fund the ongoing operation of Astronaut and its investment activities (legal, auditing, analysis)\n\n\n\n![Screenshot 2017-09-14 14.00.00.png](https://steemitimages.com/DQmVGNAkTN6mwjWzq1n3inbD65RMWKi2LBpu8cBiLjLpDHT/Screenshot%202017-09-14%2014.00.00.png)\n\n\n\n\n\n**Exchange tradable Astro Tokens**\n\nAstronaut will be issuing ASTRO Tokens (ASTRO) to its token holders after the initial coin offering. Our expectation is that ASTRO will be tradable on the exchange  within six weeks of issue. Investment will begin as soon as the ICO has completed in order to get ahead of the market.\n\nBased on performance of our previous investment efforts, recommendations, market comparisons and outlook in the short term, we anticipate significant growth and appreciation of ASTRO stating November 2017.\n\n\n![Screenshot 2017-09-14 14.00.08.png](https://steemitimages.com/DQmUfwXrzuUAgk7yfcdyBPndE65UbbePgSvU4N6T3ZmEwRm/Screenshot%202017-09-14%2014.00.08.png)\n\n\n\n\n### The Astronaut Portfolio Tracker\n\n****\n\nAstronaut is developing an intuitive and detailed portfolio tracking system, allowing investors to quickly gain transparency of the Assets Under Management (AUM), transactions and dividend periods at the push of a button.\n\nThe application will be the knowledge base for investors seeking to gain an understanding of potential investment decisions that Astronaut will be making.\n\n\n\n![Screenshot 2017-09-14 14.00.58.png](https://steemitimages.com/DQmRZVmuCD1ruZuA8Yi8rMm3TgecthV2DQ2uGWtB4axnQMo/Screenshot%202017-09-14%2014.00.58.png)\n\n\n\n\n\n**Upcoming dividend notifier**\n\nThe application alerts investors of the details regarding quarterly dividend distribution including the amount, yield, highest/lowest performers and the expected date of receipt.\n\n**Daily and weekly AUM balancing**\n\nWhile the Astro Tokens will be traded publicly, the Astronaut Portfolio Tracker will calculate AUM on a periodic basis to determine the true underlying value of each Astro token. While there may be a small pricing disparity due to outside factors (either higher or lower in the public market), this AUM calculation will give a true indication of token value.\n\n**Research and analysis**\n\nThe application allows investors to access the underlying research and investment methodology that was used in the process of each transaction. This research is conducted by our internal team at Picolo Research. Investors will be notified each time there is a new report, commentary or analysis uploaded on the application.\n\n**Transaction notifier**\n\nWhen Astronaut places a new transaction, alerts are sent to the investor through the Portfolio Tracker. This will also detail the exposure that is set as a (%) of the overall AUM.\n\n\n\n### Auditing & security\n\n****\n\nAstronaut is focused on providing our token holders with the right tools and platforms to evaluate transactions, portfolio performance, liquidity levels and dividends on demand. We believe trust can only come in the form of complete transparency in the decentralised ecosystem.\n\n**Exchange selection which satisfies Proof of Solvency**\n\nAstronaut is committed to only using exchanges that can satisfy the Proof of Solvency test (PoS) .\n\nThis ensures specific liquidity and reserve fund requirements that give piece of mind to investors and institutions dealing with exchange platforms. To date, there is a select number of exchanges on our approved list such as Kraken and Poloniex.\n\n**Open API for viewing and account auditing**\n\nAstronaut will establish viewer access APIs to provide the highest degree of transparency regarding fund allocation, holdings and current investments.\n\nHolders of the token will have access to a real-time view of every investment, in every exchange on demand.\n\n**Fiat account transparency**\n\nAs a certain portion of funds remain in fiat for liquidity reserves, Astronaut will be implementing a viewer access portal linked direct to the bank API for on-demand access to fiat balances and incoming/outgoing transactions.\n\n\n\n### Structure of the Token sale\n\n****\n\nThe token sale is as follows:\n\n**STAGE 1 PRE SALE (30%)**-  Pre sale subscribers to ASTRO will receive a 30% discount on tokens. A maximum of 3,000,000 tokens will be available for pre sale\n\n**STAGE 2 BONUS (20%)** - When the official token sale opens, subscribers will be entitled to a 20% discount for a maximum of 7,000,000 tokens\n\n**STAGE 3 BONUS (10%)** - At the commencement of stage 3 subscribers will be entitled to a 10% discount for a maximum of 10,000,000 tokens\n\n**STAGE 4 FINAL** - At stage 4, the remaining 6,400,000 tokens will be available for purchase at $1 per ASTRO. Following this, the token sale will close\n\n![Screenshot 2017-09-14 13.37.16.png](https://steemitimages.com/DQmXP4xtRJXfT4eKH7XLNq3QDfdzHSczmUe1ZeAHqmFiZvd/Screenshot%202017-09-14%2013.37.16.png)\n\n\n\n### The team\n\n****\n\nAstronaut consists of a specialized and hand picked team who have significant experience across a magnitude of different market sectors. Our management team and investment committee come from a unique blend of private equity management, venture capital, equities markets advisory and emerging market analysis.\n\n\n\nYou can view our full team and investment committee by [clicking here](https://astronaut.capital/team.html)\n\n****\n\n\n### We are expecting our pre-sale to occur on September 20 2017\n<br>\nDue to the possibility of oversubscription, Astronaut is employing a whitelist strategy.\n\nIf you wish to participate, please access our materials and join the list.\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n\nShould you have any questions, please don't hesitate to ask!\n\n****\n\nMatthew J Dibb\n\nCommander & Pilot\n\n**Astronaut Capital**",
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      "author": "picolo",
      "permlink": "3kzz5y-astronaut-token-sale-astro-put-your-ico-investing-on-autopilot",
      "title": "Astronaut Token Sale (ASTRO): Put your ICO investing on autopilot",
      "body": "# Today we present **Astronaut**  (ASTRO).\n\n****\n\nAstronaut is an innovative new ICO which seeks to close the inefficiencies of prospective investors filtering, researching and ultimately investing in ICOs.\n\nIn short, Astronaut allows you to invest in one token, which in turn gives you ownership to the best, verified, and researched backed ICOs every month.\n\n**Access our material here:**\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n![astronautpicolo.jpg](https://steemitimages.com/DQmZstPB53N7bgWCXcHSSgenmVYfBYoeyQbkUgooCub6gJP/astronautpicolo.jpg)\n\n\n### **Quick brief**\n\n****\n\nAstronaut’s tokens (ASTRO) provides two kinds of returns to its users:\n\n**1)** Token appreciation aligned with the Net Asset Value (NAV) of the fund; and\n\n**2)** Quarterly income distributions based on the investment and exit activity of Astronaut\n\nAstronaut will be the first to establish such a platform in the crypto community, offering efficiency and flexibility, whilst also giving investors the desired exposure to the crypto asset class without any of the ongoing transactional pain points.\n\n\n![Screenshot 2017-09-14 13.50.44.png](https://steemitimages.com/DQmbAsCfBciBHPoenFnF4vVf4PMxZa8bLxQnXNNo7uMjfVE/Screenshot%202017-09-14%2013.50.44.png)\n\n\n### **Where did Astronaut come from?**\n\n****\n\nAstronaut is a creation based on the needs and wants of our subscribers at Picolo Research [http://www.picoloresearch.com]()\n\nAstronaut owns and operates Picolo Research, a top tier research firm specialising in institutional grade research for new Initial Coin Offerings. Picolo is independent and does not receive remuneration for its recommendations.\n\nFollowing a series of interviews and feedback from our 10,000+ subscribers, we were confronted with the inefficiencies that every-day people experience when trying to gain exposure to the right ICOs at the right time.\n\n*It was at this moment that Astronaut was born.*\n\n![Screenshot 2017-09-14 13.52.04.png](https://steemitimages.com/DQmaYBKsyEJwRFRvGiHqoDCjYNnP8RyYou6LnVWQRQ51Cjz/Screenshot%202017-09-14%2013.52.04.png)\n\n\n### **What makes Astronaut a good token?**\n\n****\n\nUtilising our internal research team at Picolo Research, we have a track record of providing investors with real opportunities that are focused on growth and capital return.\n\nFeel free to browse our recommendations and track record by visiting http://www.picoloresearch.com\n\nOver 10,000 crypto investors currently rely on us to perform detailed due diligence and uncover the best opportunities for capital gain. \n\n![Screenshot 2017-09-14 13.27.35.png](https://steemitimages.com/DQmbPpFWQsi3jbTEzrW3Ev9gvDchP3j4C4pVFTcDKZubNGk/Screenshot%202017-09-14%2013.27.35.png)\n\n### \n\n### **What is our performance like?**\n\n****\n\nAstronaut focuses on growth opportunities that are prime for capital gain. Our mandate is geared towards investment that has a significant chance of a liquidity event (exit) within 1-6 months of capital injection.\n\nOver the last quarter, Astronaut has completed public due diligence reports on twelve new Initial Coin Offerings which have satisfied its filtering and market-scanning process. Out of the twelve ICO due diligence reports, four of them have been disregarded as ‘Avoid’ based on further analysis.\n\nOf the eight investments that we have deployed capital in over the last quarter, two of them have listed on major exchanges and are available for public trading. The remaining six are all scheduled to commence trading in the coming months, however they are also currently listed on secondary markets and available to trade over-the-counter (OTC).\n\n![Screenshot 2017-09-14 13.28.01.png](https://steemitimages.com/DQmQM43EqVYuowhVSh2sERmdvWDjwhvtQsLWXWAQQCc2uep/Screenshot%202017-09-14%2013.28.01.png)\n\n![Screenshot 2017-09-14 13.54.58.png](https://steemitimages.com/DQmZjgkxh9XUdaRrti5x1ghR8jRtiVRMSA6zJvZMnMibigp/Screenshot%202017-09-14%2013.54.58.png)\n\n![Screenshot 2017-09-14 13.55.04.png](https://steemitimages.com/DQmctysSXYMaHK6GWvMbErCR4sZUq4E9ZPpjq6ToZw91Nqp/Screenshot%202017-09-14%2013.55.04.png)\n\n### How does Astronaut choose what to invest in?\n\n****\n\nAstronaut takes a methodical approach to investment utilizing its experience within the private equity markets and small-cap (pink sheets) sectors.\n\nWith our experience in analysing concept stage and pre-revenue startups, the team bases their research analysis off several fundamental and technical factors such as:\n\n•  Management and team track record\n\n•  Structure of the token\n\n•  Capital spent to date\n\n•  Anticipated capital to be raised\n\n•  Use of proceeds raised\n\n•  Current intellectual property\n\n•  History of development\n\n•  History of commercialization\n\n•  Commercial viability of the project\n\n•  Professionalism and credibility of the organization\n\n•  Market demand and anticipated liquidity\n\n•  Company structures and incorporation\n\nOur analysts utilize a number of algorithms and API feeds to screen and shortlist all upcoming ICOs. From this point forward, our shortlist is examined, researched and calculated using a scoring system developed internally.\n\n![Screenshot 2017-09-14 13.56.16.png](https://steemitimages.com/DQmRhBSSCPn8FDpFA4VFA9X5gxaZupWwyb1zX39rjuxhNga/Screenshot%202017-09-14%2013.56.16.png)\n\n![Screenshot 2017-09-14 13.57.02.png](https://steemitimages.com/DQmPBun3y2jRM9guNpgeEB8CJT8m1GHqAExpk1ecmHJyvzr/Screenshot%202017-09-14%2013.57.02.png)\n\n\n### How does the Token Sale work of ASTRO?\n\n****\n\nAstronaut believes that the power of the tokens lies with their holders, which will continue to provide the demand, support and liquidity within the ecosystem. In light of this, all tokens, bar a small percentage, will be offered to the market, with the remainder used as an incentive for the Investment Committee (IC) who are actively researching and executing the opportunities.\n\nThere will be 30,000,000 tokens issued as a one-off. After this time, there will be no more tokens issued.\n\n![Screenshot 2017-09-14 13.57.59.png](https://steemitimages.com/DQmevCcDEzVvS3V8zahTbJ3xSnYueJ3YLpzD47HwRrGhdCL/Screenshot%202017-09-14%2013.57.59.png)\n\n\n\n\n\n\n**Leftover tokens will be burned**\n\nAny tokens that are not sold through the crowd sale or allocated as per above will be burned. In this instance, ICO investors will receive a lower entry price proportional to the amount of tokens remaining.\n\n\n\n**Operating costs and development of portfolio infrastructure**\n\n\n\nAs Astronaut is a close-ended fund structure, it will be subject to certain operating costs for the life of the token. In light of this, there will be a small allocation of funds to be used over time to pay for operating expenses, investment analysts and the completion of its Astronaut Portfolio Tracker apps and auditing tools.\n\n- **92%** of funds will be deployed strictly into investment to achieve token holder income and capital growth\n- **8%** of funds will be utilised for ongoing operating costs (auditing, legal, terminals) including the completion of our portfolio tools for token holders. This portion from the initial sale is budgeted to last for the life of the token.\n- *2%  additional management fee will apply per annum for the ongoing administration of the Astronaut platform (this will only come into effect after the initial 12 months to assist with any extra operating costs)\n\n\n\n### How do dividends work?\n\n****\n\nAs part of the Astronaut income strategy, holders of the token are entitled to receive quarterly dividends based on the performance of realised investments over that period. \n\nThe breakup of the distribution is as follows:\n\n- 50% of ‘realised’ profits via Astronaut investment activities will be credited back to the token holder in ETH on a quarterly basis\n\n\n- 40% of the profit will be reinvested into Astronaut, therefore expanding assets under management (AUM) and appreciating the token price of ASTRO\n\n\n- 10% of the profit each quarter will be used to fund the ongoing operation of Astronaut and its investment activities (legal, auditing, analysis)\n\n\n\n![Screenshot 2017-09-14 14.00.00.png](https://steemitimages.com/DQmVGNAkTN6mwjWzq1n3inbD65RMWKi2LBpu8cBiLjLpDHT/Screenshot%202017-09-14%2014.00.00.png)\n\n\n\n\n\n**Exchange tradable Astro Tokens**\n\nAstronaut will be issuing ASTRO Tokens (ASTRO) to its token holders after the initial coin offering. Our expectation is that ASTRO will be tradable on the exchange  within six weeks of issue. Investment will begin as soon as the ICO has completed in order to get ahead of the market.\n\nBased on performance of our previous investment efforts, recommendations, market comparisons and outlook in the short term, we anticipate significant growth and appreciation of ASTRO stating November 2017.\n\n\n![Screenshot 2017-09-14 14.00.08.png](https://steemitimages.com/DQmUfwXrzuUAgk7yfcdyBPndE65UbbePgSvU4N6T3ZmEwRm/Screenshot%202017-09-14%2014.00.08.png)\n\n\n\n\n### The Astronaut Portfolio Tracker\n\n****\n\nAstronaut is developing an intuitive and detailed portfolio tracking system, allowing investors to quickly gain transparency of the Assets Under Management (AUM), transactions and dividend periods at the push of a button.\n\nThe application will be the knowledge base for investors seeking to gain an understanding of potential investment decisions that Astronaut will be making.\n\n\n\n![Screenshot 2017-09-14 14.00.58.png](https://steemitimages.com/DQmRZVmuCD1ruZuA8Yi8rMm3TgecthV2DQ2uGWtB4axnQMo/Screenshot%202017-09-14%2014.00.58.png)\n\n\n\n\n\n**Upcoming dividend notifier**\n\nThe application alerts investors of the details regarding quarterly dividend distribution including the amount, yield, highest/lowest performers and the expected date of receipt.\n\n**Daily and weekly AUM balancing**\n\nWhile the Astro Tokens will be traded publicly, the Astronaut Portfolio Tracker will calculate AUM on a periodic basis to determine the true underlying value of each Astro token. While there may be a small pricing disparity due to outside factors (either higher or lower in the public market), this AUM calculation will give a true indication of token value.\n\n**Research and analysis**\n\nThe application allows investors to access the underlying research and investment methodology that was used in the process of each transaction. This research is conducted by our internal team at Picolo Research. Investors will be notified each time there is a new report, commentary or analysis uploaded on the application.\n\n**Transaction notifier**\n\nWhen Astronaut places a new transaction, alerts are sent to the investor through the Portfolio Tracker. This will also detail the exposure that is set as a (%) of the overall AUM.\n\n\n\n### Auditing & security\n\n****\n\nAstronaut is focused on providing our token holders with the right tools and platforms to evaluate transactions, portfolio performance, liquidity levels and dividends on demand. We believe trust can only come in the form of complete transparency in the decentralised ecosystem.\n\n**Exchange selection which satisfies Proof of Solvency**\n\nAstronaut is committed to only using exchanges that can satisfy the Proof of Solvency test (PoS) .\n\nThis ensures specific liquidity and reserve fund requirements that give piece of mind to investors and institutions dealing with exchange platforms. To date, there is a select number of exchanges on our approved list such as Kraken and Poloniex.\n\n**Open API for viewing and account auditing**\n\nAstronaut will establish viewer access APIs to provide the highest degree of transparency regarding fund allocation, holdings and current investments.\n\nHolders of the token will have access to a real-time view of every investment, in every exchange on demand.\n\n**Fiat account transparency**\n\nAs a certain portion of funds remain in fiat for liquidity reserves, Astronaut will be implementing a viewer access portal linked direct to the bank API for on-demand access to fiat balances and incoming/outgoing transactions.\n\n\n\n### Structure of the Token sale\n\n****\n\nThe token sale is as follows:\n\n**STAGE 1 PRE SALE (30%)**-  Pre sale subscribers to ASTRO will receive a 30% discount on tokens. A maximum of 3,000,000 tokens will be available for pre sale\n\n**STAGE 2 BONUS (20%)** - When the official token sale opens, subscribers will be entitled to a 20% discount for a maximum of 7,000,000 tokens\n\n**STAGE 3 BONUS (10%)** - At the commencement of stage 3 subscribers will be entitled to a 10% discount for a maximum of 10,000,000 tokens\n\n**STAGE 4 FINAL** - At stage 4, the remaining 6,400,000 tokens will be available for purchase at $1 per ASTRO. Following this, the token sale will close\n\n![Screenshot 2017-09-14 13.37.16.png](https://steemitimages.com/DQmXP4xtRJXfT4eKH7XLNq3QDfdzHSczmUe1ZeAHqmFiZvd/Screenshot%202017-09-14%2013.37.16.png)\n\n\n\n### The team\n\n****\n\nAstronaut consists of a specialized and hand picked team who have significant experience across a magnitude of different market sectors. Our management team and investment committee come from a unique blend of private equity management, venture capital, equities markets advisory and emerging market analysis.\n\n\n\nYou can view our full team and investment committee by [clicking here](https://astronaut.capital/team.html)\n\n****\n\n\n### We are expecting our pre-sale to occur on September 20 2017\n<br>\nDue to the possibility of oversubscription, Astronaut is employing a whitelist strategy.\n\nIf you wish to participate, please access our materials and join the list.\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n\nShould you have any questions, please don't hesitate to ask!\n\n****\n\nMatthew J Dibb\n\nCommander & Pilot\n\n**Astronaut Capital**",
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      "author": "picolo",
      "permlink": "astronaut-token-sale-astro-put-your-ico-investing-on-autopilot",
      "title": "Astronaut Token Sale (ASTRO): Put your ICO investing on autopilot",
      "body": "# Today we present **Astronaut**  (ASTRO).\n\n****\n\nAstronaut is an innovative new ICO which seeks to close the inefficiencies of prospective investors filtering, researching and ultimately investing in ICOs.\n\nIn short, Astronaut allows you to invest in one token, which in turn gives you ownership to the best, verified, and researched backed ICOs every month.\n\n**Access our material here:**\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n![astronautpicolo.jpg](https://steemitimages.com/DQmZstPB53N7bgWCXcHSSgenmVYfBYoeyQbkUgooCub6gJP/astronautpicolo.jpg)\n\n\n### **Quick brief**\n\n****\n\nAstronaut’s tokens (ASTRO) provides two kinds of returns to its users:\n\n**1)** Token appreciation aligned with the Net Asset Value (NAV) of the fund; and\n\n**2)** Quarterly income distributions based on the investment and exit activity of Astronaut\n\nAstronaut will be the first to establish such a platform in the crypto community, offering efficiency and flexibility, whilst also giving investors the desired exposure to the crypto asset class without any of the ongoing transactional pain points.\n\n\n![Screenshot 2017-09-14 13.50.44.png](https://steemitimages.com/DQmbAsCfBciBHPoenFnF4vVf4PMxZa8bLxQnXNNo7uMjfVE/Screenshot%202017-09-14%2013.50.44.png)\n\n\n### **Where did Astronaut come from?**\n\n****\n\nAstronaut is a creation based on the needs and wants of our subscribers at Picolo Research [http://www.picoloresearch.com]()\n\nAstronaut owns and operates Picolo Research, a top tier research firm specialising in institutional grade research for new Initial Coin Offerings. Picolo is independent and does not receive remuneration for its recommendations.\n\nFollowing a series of interviews and feedback from our 10,000+ subscribers, we were confronted with the inefficiencies that every-day people experience when trying to gain exposure to the right ICOs at the right time.\n\n*It was at this moment that Astronaut was born.*\n\n![Screenshot 2017-09-14 13.52.04.png](https://steemitimages.com/DQmaYBKsyEJwRFRvGiHqoDCjYNnP8RyYou6LnVWQRQ51Cjz/Screenshot%202017-09-14%2013.52.04.png)\n\n\n### **What makes Astronaut a good token?**\n\n****\n\nUtilising our internal research team at Picolo Research, we have a track record of providing investors with real opportunities that are focused on growth and capital return.\n\nFeel free to browse our recommendations and track record by visiting http://www.picoloresearch.com\n\nOver 10,000 crypto investors currently rely on us to perform detailed due diligence and uncover the best opportunities for capital gain. \n\n![Screenshot 2017-09-14 13.27.35.png](https://steemitimages.com/DQmbPpFWQsi3jbTEzrW3Ev9gvDchP3j4C4pVFTcDKZubNGk/Screenshot%202017-09-14%2013.27.35.png)\n\n### \n\n### **What is our performance like?**\n\n****\n\nAstronaut focuses on growth opportunities that are prime for capital gain. Our mandate is geared towards investment that has a significant chance of a liquidity event (exit) within 1-6 months of capital injection.\n\nOver the last quarter, Astronaut has completed public due diligence reports on twelve new Initial Coin Offerings which have satisfied its filtering and market-scanning process. Out of the twelve ICO due diligence reports, four of them have been disregarded as ‘Avoid’ based on further analysis.\n\nOf the eight investments that we have deployed capital in over the last quarter, two of them have listed on major exchanges and are available for public trading. The remaining six are all scheduled to commence trading in the coming months, however they are also currently listed on secondary markets and available to trade over-the-counter (OTC).\n\n![Screenshot 2017-09-14 13.28.01.png](https://steemitimages.com/DQmQM43EqVYuowhVSh2sERmdvWDjwhvtQsLWXWAQQCc2uep/Screenshot%202017-09-14%2013.28.01.png)\n\n![Screenshot 2017-09-14 13.54.58.png](https://steemitimages.com/DQmZjgkxh9XUdaRrti5x1ghR8jRtiVRMSA6zJvZMnMibigp/Screenshot%202017-09-14%2013.54.58.png)\n\n![Screenshot 2017-09-14 13.55.04.png](https://steemitimages.com/DQmctysSXYMaHK6GWvMbErCR4sZUq4E9ZPpjq6ToZw91Nqp/Screenshot%202017-09-14%2013.55.04.png)\n\n### How does Astronaut choose what to invest in?\n\n****\n\nAstronaut takes a methodical approach to investment utilizing its experience within the private equity markets and small-cap (pink sheets) sectors.\n\nWith our experience in analysing concept stage and pre-revenue startups, the team bases their research analysis off several fundamental and technical factors such as:\n\n•  Management and team track record\n\n•  Structure of the token\n\n•  Capital spent to date\n\n•  Anticipated capital to be raised\n\n•  Use of proceeds raised\n\n•  Current intellectual property\n\n•  History of development\n\n•  History of commercialization\n\n•  Commercial viability of the project\n\n•  Professionalism and credibility of the organization\n\n•  Market demand and anticipated liquidity\n\n•  Company structures and incorporation\n\nOur analysts utilize a number of algorithms and API feeds to screen and shortlist all upcoming ICOs. From this point forward, our shortlist is examined, researched and calculated using a scoring system developed internally.\n\n![Screenshot 2017-09-14 13.56.16.png](https://steemitimages.com/DQmRhBSSCPn8FDpFA4VFA9X5gxaZupWwyb1zX39rjuxhNga/Screenshot%202017-09-14%2013.56.16.png)\n\n![Screenshot 2017-09-14 13.57.02.png](https://steemitimages.com/DQmPBun3y2jRM9guNpgeEB8CJT8m1GHqAExpk1ecmHJyvzr/Screenshot%202017-09-14%2013.57.02.png)\n\n\n### How does the Token Sale work of ASTRO?\n\n****\n\nAstronaut believes that the power of the tokens lies with their holders, which will continue to provide the demand, support and liquidity within the ecosystem. In light of this, all tokens, bar a small percentage, will be offered to the market, with the remainder used as an incentive for the Investment Committee (IC) who are actively researching and executing the opportunities.\n\nThere will be 30,000,000 tokens issued as a one-off. After this time, there will be no more tokens issued.\n\n![Screenshot 2017-09-14 13.57.59.png](https://steemitimages.com/DQmevCcDEzVvS3V8zahTbJ3xSnYueJ3YLpzD47HwRrGhdCL/Screenshot%202017-09-14%2013.57.59.png)\n\n\n\n\n\n\n**Leftover tokens will be burned**\n\nAny tokens that are not sold through the crowd sale or allocated as per above will be burned. In this instance, ICO investors will receive a lower entry price proportional to the amount of tokens remaining.\n\n\n\n**Operating costs and development of portfolio infrastructure**\n\n\n\nAs Astronaut is a close-ended fund structure, it will be subject to certain operating costs for the life of the token. In light of this, there will be a small allocation of funds to be used over time to pay for operating expenses, investment analysts and the completion of its Astronaut Portfolio Tracker apps and auditing tools.\n\n- **92%** of funds will be deployed strictly into investment to achieve token holder income and capital growth\n- **8%** of funds will be utilised for ongoing operating costs (auditing, legal, terminals) including the completion of our portfolio tools for token holders. This portion from the initial sale is budgeted to last for the life of the token.\n- *2%  additional management fee will apply per annum for the ongoing administration of the Astronaut platform (this will only come into effect after the initial 12 months to assist with any extra operating costs)\n\n\n\n### How do dividends work?\n\n****\n\nAs part of the Astronaut income strategy, holders of the token are entitled to receive quarterly dividends based on the performance of realised investments over that period. \n\nThe breakup of the distribution is as follows:\n\n- 50% of ‘realised’ profits via Astronaut investment activities will be credited back to the token holder in ETH on a quarterly basis\n\n\n- 40% of the profit will be reinvested into Astronaut, therefore expanding assets under management (AUM) and appreciating the token price of ASTRO\n\n\n- 10% of the profit each quarter will be used to fund the ongoing operation of Astronaut and its investment activities (legal, auditing, analysis)\n\n\n\n![Screenshot 2017-09-14 14.00.00.png](https://steemitimages.com/DQmVGNAkTN6mwjWzq1n3inbD65RMWKi2LBpu8cBiLjLpDHT/Screenshot%202017-09-14%2014.00.00.png)\n\n\n\n\n\n**Exchange tradable Astro Tokens**\n\nAstronaut will be issuing ASTRO Tokens (ASTRO) to its token holders after the initial coin offering. Our expectation is that ASTRO will be tradable on the exchange  within six weeks of issue. Investment will begin as soon as the ICO has completed in order to get ahead of the market.\n\nBased on performance of our previous investment efforts, recommendations, market comparisons and outlook in the short term, we anticipate significant growth and appreciation of ASTRO stating November 2017.\n\n\n![Screenshot 2017-09-14 14.00.08.png](https://steemitimages.com/DQmUfwXrzuUAgk7yfcdyBPndE65UbbePgSvU4N6T3ZmEwRm/Screenshot%202017-09-14%2014.00.08.png)\n\n\n\n\n### The Astronaut Portfolio Tracker\n\n****\n\nAstronaut is developing an intuitive and detailed portfolio tracking system, allowing investors to quickly gain transparency of the Assets Under Management (AUM), transactions and dividend periods at the push of a button.\n\nThe application will be the knowledge base for investors seeking to gain an understanding of potential investment decisions that Astronaut will be making.\n\n\n\n![Screenshot 2017-09-14 14.00.58.png](https://steemitimages.com/DQmRZVmuCD1ruZuA8Yi8rMm3TgecthV2DQ2uGWtB4axnQMo/Screenshot%202017-09-14%2014.00.58.png)\n\n\n\n\n\n**Upcoming dividend notifier**\n\nThe application alerts investors of the details regarding quarterly dividend distribution including the amount, yield, highest/lowest performers and the expected date of receipt.\n\n**Daily and weekly AUM balancing**\n\nWhile the Astro Tokens will be traded publicly, the Astronaut Portfolio Tracker will calculate AUM on a periodic basis to determine the true underlying value of each Astro token. While there may be a small pricing disparity due to outside factors (either higher or lower in the public market), this AUM calculation will give a true indication of token value.\n\n**Research and analysis**\n\nThe application allows investors to access the underlying research and investment methodology that was used in the process of each transaction. This research is conducted by our internal team at Picolo Research. Investors will be notified each time there is a new report, commentary or analysis uploaded on the application.\n\n**Transaction notifier**\n\nWhen Astronaut places a new transaction, alerts are sent to the investor through the Portfolio Tracker. This will also detail the exposure that is set as a (%) of the overall AUM.\n\n\n\n### Auditing & security\n\n****\n\nAstronaut is focused on providing our token holders with the right tools and platforms to evaluate transactions, portfolio performance, liquidity levels and dividends on demand. We believe trust can only come in the form of complete transparency in the decentralised ecosystem.\n\n**Exchange selection which satisfies Proof of Solvency**\n\nAstronaut is committed to only using exchanges that can satisfy the Proof of Solvency test (PoS) .\n\nThis ensures specific liquidity and reserve fund requirements that give piece of mind to investors and institutions dealing with exchange platforms. To date, there is a select number of exchanges on our approved list such as Kraken and Poloniex.\n\n**Open API for viewing and account auditing**\n\nAstronaut will establish viewer access APIs to provide the highest degree of transparency regarding fund allocation, holdings and current investments.\n\nHolders of the token will have access to a real-time view of every investment, in every exchange on demand.\n\n**Fiat account transparency**\n\nAs a certain portion of funds remain in fiat for liquidity reserves, Astronaut will be implementing a viewer access portal linked direct to the bank API for on-demand access to fiat balances and incoming/outgoing transactions.\n\n\n\n### Structure of the Token sale\n\n****\n\nThe token sale is as follows:\n\n**STAGE 1 PRE SALE (30%)**-  Pre sale subscribers to ASTRO will receive a 30% discount on tokens. A maximum of 3,000,000 tokens will be available for pre sale\n\n**STAGE 2 BONUS (20%)** - When the official token sale opens, subscribers will be entitled to a 20% discount for a maximum of 7,000,000 tokens\n\n**STAGE 3 BONUS (10%)** - At the commencement of stage 3 subscribers will be entitled to a 10% discount for a maximum of 10,000,000 tokens\n\n**STAGE 4 FINAL** - At stage 4, the remaining 6,400,000 tokens will be available for purchase at $1 per ASTRO. Following this, the token sale will close\n\n![Screenshot 2017-09-14 13.37.16.png](https://steemitimages.com/DQmXP4xtRJXfT4eKH7XLNq3QDfdzHSczmUe1ZeAHqmFiZvd/Screenshot%202017-09-14%2013.37.16.png)\n\n\n\n### The team\n\n****\n\nAstronaut consists of a specialized and hand picked team who have significant experience across a magnitude of different market sectors. Our management team and investment committee come from a unique blend of private equity management, venture capital, equities markets advisory and emerging market analysis.\n\n\n\nYou can view our full team and investment committee by [clicking here](https://astronaut.capital/team.html)\n\n****\n\n\n### We are expecting our pre-sale to occur on September 20 2017\n<br>\nDue to the possibility of oversubscription, Astronaut is employing a whitelist strategy.\n\nIf you wish to participate, please access our materials and join the list.\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n\nShould you have any questions, please don't hesitate to ask!\n\n****\n\nMatthew J Dibb\n\nCommander & Pilot\n\n**Astronaut Capital**",
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      "author": "picolo",
      "permlink": "astronaut-token-sale-astro-put-your-ico-investing-on-autopilot",
      "title": "Astronaut Token Sale (ASTRO): Put your ICO investing on autopilot",
      "body": "# Today we present **Astronaut**  (ASTRO).\n\n****\n\nAstronaut is an innovative new ICO which seeks to close the inefficiencies of prospective investors filtering, researching and ultimately investing in ICOs.\n\nIn short, Astronaut allows you to invest in one token, which in turn gives you ownership to the best, verified, and researched backed ICOs every month.\n\n**Access our material here:**\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n![astronautpicolo.jpg](https://steemitimages.com/DQmZstPB53N7bgWCXcHSSgenmVYfBYoeyQbkUgooCub6gJP/astronautpicolo.jpg)\n\n\n### **Quick brief**\n\n****\n\nAstronaut’s tokens (ASTRO) provides two kinds of returns to its users:\n\n**1)** Token appreciation aligned with the Net Asset Value (NAV) of the fund; and\n\n**2)** Quarterly income distributions based on the investment and exit activity of Astronaut\n\nAstronaut will be the first to establish such a platform in the crypto community, offering efficiency and flexibility, whilst also giving investors the desired exposure to the crypto asset class without any of the ongoing transactional pain points.\n\n\n![Screenshot 2017-09-14 13.50.44.png](https://steemitimages.com/DQmbAsCfBciBHPoenFnF4vVf4PMxZa8bLxQnXNNo7uMjfVE/Screenshot%202017-09-14%2013.50.44.png)\n\n\n### **Where did Astronaut come from?**\n\n****\n\nAstronaut is a creation based on the needs and wants of our subscribers at Picolo Research [http://www.picoloresearch.com]()\n\nAstronaut owns and operates Picolo Research, a top tier research firm specialising in institutional grade research for new Initial Coin Offerings. Picolo is independent and does not receive remuneration for its recommendations.\n\nFollowing a series of interviews and feedback from our 10,000+ subscribers, we were confronted with the inefficiencies that every-day people experience when trying to gain exposure to the right ICOs at the right time.\n\n*It was at this moment that Astronaut was born.*\n\n![Screenshot 2017-09-14 13.52.04.png](https://steemitimages.com/DQmaYBKsyEJwRFRvGiHqoDCjYNnP8RyYou6LnVWQRQ51Cjz/Screenshot%202017-09-14%2013.52.04.png)\n\n\n### **What makes Astronaut a good token?**\n\n****\n\nUtilising our internal research team at Picolo Research, we have a track record of providing investors with real opportunities that are focused on growth and capital return.\n\nFeel free to browse our recommendations and track record by visiting http://www.picoloresearch.com\n\nOver 10,000 crypto investors currently rely on us to perform detailed due diligence and uncover the best opportunities for capital gain. \n\n![Screenshot 2017-09-14 13.27.35.png](https://steemitimages.com/DQmbPpFWQsi3jbTEzrW3Ev9gvDchP3j4C4pVFTcDKZubNGk/Screenshot%202017-09-14%2013.27.35.png)\n\n### \n\n### **What is our performance like?**\n\n****\n\nAstronaut focuses on growth opportunities that are prime for capital gain. Our mandate is geared towards investment that has a significant chance of a liquidity event (exit) within 1-6 months of capital injection.\n\nOver the last quarter, Astronaut has completed public due diligence reports on twelve new Initial Coin Offerings which have satisfied its filtering and market-scanning process. Out of the twelve ICO due diligence reports, four of them have been disregarded as ‘Avoid’ based on further analysis.\n\nOf the eight investments that we have deployed capital in over the last quarter, two of them have listed on major exchanges and are available for public trading. The remaining six are all scheduled to commence trading in the coming months, however they are also currently listed on secondary markets and available to trade over-the-counter (OTC).\n\n![Screenshot 2017-09-14 13.28.01.png](https://steemitimages.com/DQmQM43EqVYuowhVSh2sERmdvWDjwhvtQsLWXWAQQCc2uep/Screenshot%202017-09-14%2013.28.01.png)\n\n![Screenshot 2017-09-14 13.54.58.png](https://steemitimages.com/DQmZjgkxh9XUdaRrti5x1ghR8jRtiVRMSA6zJvZMnMibigp/Screenshot%202017-09-14%2013.54.58.png)\n\n![Screenshot 2017-09-14 13.55.04.png](https://steemitimages.com/DQmctysSXYMaHK6GWvMbErCR4sZUq4E9ZPpjq6ToZw91Nqp/Screenshot%202017-09-14%2013.55.04.png)\n\n### How does Astronaut choose what to invest in?\n\n****\n\nAstronaut takes a methodical approach to investment utilizing its experience within the private equity markets and small-cap (pink sheets) sectors.\n\nWith our experience in analysing concept stage and pre-revenue startups, the team bases their research analysis off several fundamental and technical factors such as:\n\n•  Management and team track record\n\n•  Structure of the token\n\n•  Capital spent to date\n\n•  Anticipated capital to be raised\n\n•  Use of proceeds raised\n\n•  Current intellectual property\n\n•  History of development\n\n•  History of commercialization\n\n•  Commercial viability of the project\n\n•  Professionalism and credibility of the organization\n\n•  Market demand and anticipated liquidity\n\n•  Company structures and incorporation\n\nOur analysts utilize a number of algorithms and API feeds to screen and shortlist all upcoming ICOs. From this point forward, our shortlist is examined, researched and calculated using a scoring system developed internally.\n\n![Screenshot 2017-09-14 13.56.16.png](https://steemitimages.com/DQmRhBSSCPn8FDpFA4VFA9X5gxaZupWwyb1zX39rjuxhNga/Screenshot%202017-09-14%2013.56.16.png)\n\n![Screenshot 2017-09-14 13.57.02.png](https://steemitimages.com/DQmPBun3y2jRM9guNpgeEB8CJT8m1GHqAExpk1ecmHJyvzr/Screenshot%202017-09-14%2013.57.02.png)\n\n\n### How does the Token Sale work of ASTRO?\n\n****\n\nAstronaut believes that the power of the tokens lies with their holders, which will continue to provide the demand, support and liquidity within the ecosystem. In light of this, all tokens, bar a small percentage, will be offered to the market, with the remainder used as an incentive for the Investment Committee (IC) who are actively researching and executing the opportunities.\n\nThere will be 30,000,000 tokens issued as a one-off. After this time, there will be no more tokens issued.\n\n![Screenshot 2017-09-14 13.57.59.png](https://steemitimages.com/DQmevCcDEzVvS3V8zahTbJ3xSnYueJ3YLpzD47HwRrGhdCL/Screenshot%202017-09-14%2013.57.59.png)\n\n\n\n\n\n\n**Leftover tokens will be burned**\n\nAny tokens that are not sold through the crowd sale or allocated as per above will be burned. In this instance, ICO investors will receive a lower entry price proportional to the amount of tokens remaining.\n\n\n\n**Operating costs and development of portfolio infrastructure**\n\n\n\nAs Astronaut is a close-ended fund structure, it will be subject to certain operating costs for the life of the token. In light of this, there will be a small allocation of funds to be used over time to pay for operating expenses, investment analysts and the completion of its Astronaut Portfolio Tracker apps and auditing tools.\n\n- **92%** of funds will be deployed strictly into investment to achieve token holder income and capital growth\n- **8%** of funds will be utilised for ongoing operating costs (auditing, legal, terminals) including the completion of our portfolio tools for token holders. This portion from the initial sale is budgeted to last for the life of the token.\n- *2%  additional management fee will apply per annum for the ongoing administration of the Astronaut platform (this will only come into effect after the initial 12 months to assist with any extra operating costs)\n\n\n\n### How do dividends work?\n\n****\n\nAs part of the Astronaut income strategy, holders of the token are entitled to receive quarterly dividends based on the performance of realised investments over that period. \n\nThe breakup of the distribution is as follows:\n\n- 50% of ‘realised’ profits via Astronaut investment activities will be credited back to the token holder in ETH on a quarterly basis\n\n\n- 40% of the profit will be reinvested into Astronaut, therefore expanding assets under management (AUM) and appreciating the token price of ASTRO\n\n\n- 10% of the profit each quarter will be used to fund the ongoing operation of Astronaut and its investment activities (legal, auditing, analysis)\n\n\n\n![Screenshot 2017-09-14 14.00.00.png](https://steemitimages.com/DQmVGNAkTN6mwjWzq1n3inbD65RMWKi2LBpu8cBiLjLpDHT/Screenshot%202017-09-14%2014.00.00.png)\n\n\n\n\n\n**Exchange tradable Astro Tokens**\n\nAstronaut will be issuing ASTRO Tokens (ASTRO) to its token holders after the initial coin offering. Our expectation is that ASTRO will be tradable on the exchange  within six weeks of issue. Investment will begin as soon as the ICO has completed in order to get ahead of the market.\n\nBased on performance of our previous investment efforts, recommendations, market comparisons and outlook in the short term, we anticipate significant growth and appreciation of ASTRO stating November 2017.\n\n\n![Screenshot 2017-09-14 14.00.08.png](https://steemitimages.com/DQmUfwXrzuUAgk7yfcdyBPndE65UbbePgSvU4N6T3ZmEwRm/Screenshot%202017-09-14%2014.00.08.png)\n\n\n\n\n### The Astronaut Portfolio Tracker\n\n****\n\nAstronaut is developing an intuitive and detailed portfolio tracking system, allowing investors to quickly gain transparency of the Assets Under Management (AUM), transactions and dividend periods at the push of a button.\n\nThe application will be the knowledge base for investors seeking to gain an understanding of potential investment decisions that Astronaut will be making.\n\n\n\n![Screenshot 2017-09-14 14.00.58.png](https://steemitimages.com/DQmRZVmuCD1ruZuA8Yi8rMm3TgecthV2DQ2uGWtB4axnQMo/Screenshot%202017-09-14%2014.00.58.png)\n\n\n\n\n\n**Upcoming dividend notifier**\n\nThe application alerts investors of the details regarding quarterly dividend distribution including the amount, yield, highest/lowest performers and the expected date of receipt.\n\n**Daily and weekly AUM balancing**\n\nWhile the Astro Tokens will be traded publicly, the Astronaut Portfolio Tracker will calculate AUM on a periodic basis to determine the true underlying value of each Astro token. While there may be a small pricing disparity due to outside factors (either higher or lower in the public market), this AUM calculation will give a true indication of token value.\n\n**Research and analysis**\n\nThe application allows investors to access the underlying research and investment methodology that was used in the process of each transaction. This research is conducted by our internal team at Picolo Research. Investors will be notified each time there is a new report, commentary or analysis uploaded on the application.\n\n**Transaction notifier**\n\nWhen Astronaut places a new transaction, alerts are sent to the investor through the Portfolio Tracker. This will also detail the exposure that is set as a (%) of the overall AUM.\n\n\n\n### Auditing & security\n\n****\n\nAstronaut is focused on providing our token holders with the right tools and platforms to evaluate transactions, portfolio performance, liquidity levels and dividends on demand. We believe trust can only come in the form of complete transparency in the decentralised ecosystem.\n\n**Exchange selection which satisfies Proof of Solvency**\n\nAstronaut is committed to only using exchanges that can satisfy the Proof of Solvency test (PoS) .\n\nThis ensures specific liquidity and reserve fund requirements that give piece of mind to investors and institutions dealing with exchange platforms. To date, there is a select number of exchanges on our approved list such as Kraken and Poloniex.\n\n**Open API for viewing and account auditing**\n\nAstronaut will establish viewer access APIs to provide the highest degree of transparency regarding fund allocation, holdings and current investments.\n\nHolders of the token will have access to a real-time view of every investment, in every exchange on demand.\n\n**Fiat account transparency**\n\nAs a certain portion of funds remain in fiat for liquidity reserves, Astronaut will be implementing a viewer access portal linked direct to the bank API for on-demand access to fiat balances and incoming/outgoing transactions.\n\n\n\n### Structure of the Token sale\n\n****\n\nThe token sale is as follows:\n\n**STAGE 1 PRE SALE (30%)**-  Pre sale subscribers to ASTRO will receive a 30% discount on tokens. A maximum of 3,000,000 tokens will be available for pre sale\n\n**STAGE 2 BONUS (20%)** - When the official token sale opens, subscribers will be entitled to a 20% discount for a maximum of 7,000,000 tokens\n\n**STAGE 3 BONUS (10%)** - At the commencement of stage 3 subscribers will be entitled to a 10% discount for a maximum of 10,000,000 tokens\n\n**STAGE 4 FINAL** - At stage 4, the remaining 6,400,000 tokens will be available for purchase at $1 per ASTRO. Following this, the token sale will close\n\n![Screenshot 2017-09-14 13.37.16.png](https://steemitimages.com/DQmXP4xtRJXfT4eKH7XLNq3QDfdzHSczmUe1ZeAHqmFiZvd/Screenshot%202017-09-14%2013.37.16.png)\n\n\n\n### The team\n\n****\n\nAstronaut consists of a specialized and hand picked team who have significant experience across a magnitude of different market sectors. Our management team and investment committee come from a unique blend of private equity management, venture capital, equities markets advisory and emerging market analysis.\n\n\n\nYou can view our full team and investment committee by [clicking here](https://astronaut.capital/team.html)\n\n****\n\n\n### We are expecting our pre-sale to occur on September 20 2017\n<br>\nDue to the possibility of oversubscription, Astronaut is employing a whitelist strategy.\n\nIf you wish to participate, please access our materials and join the list.\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n\nShould you have any questions, please don't hesitate to ask!\n\n****\n\nMatthew J Dibb\n\nCommander & Pilot\n\n**Astronaut Capital**",
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{
  "trx_id": "ddcd6d97e3d857dc375a9d0c9c18a66cfeb264e2",
  "block": 15453231,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T07:30:39",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "ico",
      "author": "picolo",
      "permlink": "astronaut-token-sale-astro-put-your-ico-investing-on-autopilot",
      "title": "Astronaut Token Sale (ASTRO): Put your ICO investing on autopilot",
      "body": "# Today we present **Astronaut**  (ASTRO).\n\n****\n\nAstronaut is an innovative new ICO which seeks to close the inefficiencies of prospective investors filtering, researching and ultimately investing in ICOs.\n\nIn short, Astronaut allows you to invest in one token, which in turn gives you ownership to the best, verified, and researched backed ICOs every month.\n\n**Access our material here:**\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n![astronautpicolo.jpg](https://steemitimages.com/DQmZstPB53N7bgWCXcHSSgenmVYfBYoeyQbkUgooCub6gJP/astronautpicolo.jpg)\n\n\n### **Quick brief**\n\n****\n\nAstronaut’s tokens (ASTRO) provides two kinds of returns to its users:\n\n**1)** Token appreciation aligned with the Net Asset Value (NAV) of the fund; and\n\n**2)** Quarterly income distributions based on the investment and exit activity of Astronaut\n\nAstronaut will be the first to establish such a platform in the crypto community, offering efficiency and flexibility, whilst also giving investors the desired exposure to the crypto asset class without any of the ongoing transactional pain points.\n\n\n![Screenshot 2017-09-14 13.50.44.png](https://steemitimages.com/DQmbAsCfBciBHPoenFnF4vVf4PMxZa8bLxQnXNNo7uMjfVE/Screenshot%202017-09-14%2013.50.44.png)\n\n\n### **Where did Astronaut come from?**\n\n****\n\nAstronaut is a creation based on the needs and wants of our subscribers at Picolo Research [http://www.picoloresearch.com]()\n\nAstronaut owns and operates Picolo Research, a top tier research firm specialising in institutional grade research for new Initial Coin Offerings. Picolo is independent and does not receive remuneration for its recommendations.\n\nFollowing a series of interviews and feedback from our 10,000+ subscribers, we were confronted with the inefficiencies that every-day people experience when trying to gain exposure to the right ICOs at the right time.\n\n*It was at this moment that Astronaut was born.*\n\n![Screenshot 2017-09-14 13.52.04.png](https://steemitimages.com/DQmaYBKsyEJwRFRvGiHqoDCjYNnP8RyYou6LnVWQRQ51Cjz/Screenshot%202017-09-14%2013.52.04.png)\n\n\n### **What makes Astronaut a good token?**\n\n****\n\nUtilising our internal research team at Picolo Research, we have a track record of providing investors with real opportunities that are focused on growth and capital return.\n\nFeel free to browse our recommendations and track record by visiting http://www.picoloresearch.com\n\nOver 10,000 crypto investors currently rely on us to perform detailed due diligence and uncover the best opportunities for capital gain. \n\n![Screenshot 2017-09-14 13.27.35.png](https://steemitimages.com/DQmbPpFWQsi3jbTEzrW3Ev9gvDchP3j4C4pVFTcDKZubNGk/Screenshot%202017-09-14%2013.27.35.png)\n\n### \n\n### **What is our performance like?**\n\n****\n\nAstronaut focuses on growth opportunities that are prime for capital gain. Our mandate is geared towards investment that has a significant chance of a liquidity event (exit) within 1-6 months of capital injection.\n\nOver the last quarter, Astronaut has completed public due diligence reports on twelve new Initial Coin Offerings which have satisfied its filtering and market-scanning process. Out of the twelve ICO due diligence reports, four of them have been disregarded as ‘Avoid’ based on further analysis.\n\nOf the eight investments that we have deployed capital in over the last quarter, two of them have listed on major exchanges and are available for public trading. The remaining six are all scheduled to commence trading in the coming months, however they are also currently listed on secondary markets and available to trade over-the-counter (OTC).\n\n![Screenshot 2017-09-14 13.28.01.png](https://steemitimages.com/DQmQM43EqVYuowhVSh2sERmdvWDjwhvtQsLWXWAQQCc2uep/Screenshot%202017-09-14%2013.28.01.png)\n\n![Screenshot 2017-09-14 13.54.58.png](https://steemitimages.com/DQmZjgkxh9XUdaRrti5x1ghR8jRtiVRMSA6zJvZMnMibigp/Screenshot%202017-09-14%2013.54.58.png)\n\n![Screenshot 2017-09-14 13.55.04.png](https://steemitimages.com/DQmctysSXYMaHK6GWvMbErCR4sZUq4E9ZPpjq6ToZw91Nqp/Screenshot%202017-09-14%2013.55.04.png)\n\n### How does Astronaut choose what to invest in?\n\n****\n\nAstronaut takes a methodical approach to investment utilizing its experience within the private equity markets and small-cap (pink sheets) sectors.\n\nWith our experience in analysing concept stage and pre-revenue startups, the team bases their research analysis off several fundamental and technical factors such as:\n\n•  Management and team track record\n\n•  Structure of the token\n\n•  Capital spent to date\n\n•  Anticipated capital to be raised\n\n•  Use of proceeds raised\n\n•  Current intellectual property\n\n•  History of development\n\n•  History of commercialization\n\n•  Commercial viability of the project\n\n•  Professionalism and credibility of the organization\n\n•  Market demand and anticipated liquidity\n\n•  Company structures and incorporation\n\nOur analysts utilize a number of algorithms and API feeds to screen and shortlist all upcoming ICOs. From this point forward, our shortlist is examined, researched and calculated using a scoring system developed internally.\n\n![Screenshot 2017-09-14 13.56.16.png](https://steemitimages.com/DQmRhBSSCPn8FDpFA4VFA9X5gxaZupWwyb1zX39rjuxhNga/Screenshot%202017-09-14%2013.56.16.png)\n\n![Screenshot 2017-09-14 13.57.02.png](https://steemitimages.com/DQmPBun3y2jRM9guNpgeEB8CJT8m1GHqAExpk1ecmHJyvzr/Screenshot%202017-09-14%2013.57.02.png)\n\n\n### How does the Token Sale work of ASTRO?\n\n****\n\nAstronaut believes that the power of the tokens lies with their holders, which will continue to provide the demand, support and liquidity within the ecosystem. In light of this, all tokens, bar a small percentage, will be offered to the market, with the remainder used as an incentive for the Investment Committee (IC) who are actively researching and executing the opportunities.\n\nThere will be 30,000,000 tokens issued as a one-off. After this time, there will be no more tokens issued.\n\n![Screenshot 2017-09-14 13.57.59.png](https://steemitimages.com/DQmevCcDEzVvS3V8zahTbJ3xSnYueJ3YLpzD47HwRrGhdCL/Screenshot%202017-09-14%2013.57.59.png)\n\n\n\n\n\n\n**Leftover tokens will be burned**\n\nAny tokens that are not sold through the crowd sale or allocated as per above will be burned. In this instance, ICO investors will receive a lower entry price proportional to the amount of tokens remaining.\n\n\n\n**Operating costs and development of portfolio infrastructure**\n\n\n\nAs Astronaut is a close-ended fund structure, it will be subject to certain operating costs for the life of the token. In light of this, there will be a small allocation of funds to be used over time to pay for operating expenses, investment analysts and the completion of its Astronaut Portfolio Tracker apps and auditing tools.\n\n- **92%** of funds will be deployed strictly into investment to achieve token holder income and capital growth\n- **8%** of funds will be utilised for ongoing operating costs (auditing, legal, terminals) including the completion of our portfolio tools for token holders. This portion from the initial sale is budgeted to last for the life of the token.\n- *2%  additional management fee will apply per annum for the ongoing administration of the Astronaut platform (this will only come into effect after the initial 12 months to assist with any extra operating costs)\n\n\n\n### How do dividends work?\n\n****\n\nAs part of the Astronaut income strategy, holders of the token are entitled to receive quarterly dividends based on the performance of realised investments over that period. \n\nThe breakup of the distribution is as follows:\n\n- 50% of ‘realised’ profits via Astronaut investment activities will be credited back to the token holder in ETH on a quarterly basis\n\n\n- 40% of the profit will be reinvested into Astronaut, therefore expanding assets under management (AUM) and appreciating the token price of ASTRO\n\n\n- 10% of the profit each quarter will be used to fund the ongoing operation of Astronaut and its investment activities (legal, auditing, analysis)\n\n\n\n![Screenshot 2017-09-14 14.00.00.png](https://steemitimages.com/DQmVGNAkTN6mwjWzq1n3inbD65RMWKi2LBpu8cBiLjLpDHT/Screenshot%202017-09-14%2014.00.00.png)\n\n\n\n\n\n**Exchange tradable Astro Tokens**\n\nAstronaut will be issuing ASTRO Tokens (ASTRO) to its token holders after the initial coin offering. Our expectation is that ASTRO will be tradable on the exchange  within six weeks of issue. Investment will begin as soon as the ICO has completed in order to get ahead of the market.\n\nBased on performance of our previous investment efforts, recommendations, market comparisons and outlook in the short term, we anticipate significant growth and appreciation of ASTRO stating November 2017.\n\n\n![Screenshot 2017-09-14 14.00.08.png](https://steemitimages.com/DQmUfwXrzuUAgk7yfcdyBPndE65UbbePgSvU4N6T3ZmEwRm/Screenshot%202017-09-14%2014.00.08.png)\n\n\n\n\n### The Astronaut Portfolio Tracker\n\n****\n\nAstronaut is developing an intuitive and detailed portfolio tracking system, allowing investors to quickly gain transparency of the Assets Under Management (AUM), transactions and dividend periods at the push of a button.\n\nThe application will be the knowledge base for investors seeking to gain an understanding of potential investment decisions that Astronaut will be making.\n\n\n\n![Screenshot 2017-09-14 14.00.58.png](https://steemitimages.com/DQmRZVmuCD1ruZuA8Yi8rMm3TgecthV2DQ2uGWtB4axnQMo/Screenshot%202017-09-14%2014.00.58.png)\n\n\n\n\n\n**Upcoming dividend notifier**\n\nThe application alerts investors of the details regarding quarterly dividend distribution including the amount, yield, highest/lowest performers and the expected date of receipt.\n\n**Daily and weekly AUM balancing**\n\nWhile the Astro Tokens will be traded publicly, the Astronaut Portfolio Tracker will calculate AUM on a periodic basis to determine the true underlying value of each Astro token. While there may be a small pricing disparity due to outside factors (either higher or lower in the public market), this AUM calculation will give a true indication of token value.\n\n**Research and analysis**\n\nThe application allows investors to access the underlying research and investment methodology that was used in the process of each transaction. This research is conducted by our internal team at Picolo Research. Investors will be notified each time there is a new report, commentary or analysis uploaded on the application.\n\n**Transaction notifier**\n\nWhen Astronaut places a new transaction, alerts are sent to the investor through the Portfolio Tracker. This will also detail the exposure that is set as a (%) of the overall AUM.\n\n\n\n### Auditing & security\n\n****\n\nAstronaut is focused on providing our token holders with the right tools and platforms to evaluate transactions, portfolio performance, liquidity levels and dividends on demand. We believe trust can only come in the form of complete transparency in the decentralised ecosystem.\n\n**Exchange selection which satisfies Proof of Solvency**\n\nAstronaut is committed to only using exchanges that can satisfy the Proof of Solvency test (PoS) .\n\nThis ensures specific liquidity and reserve fund requirements that give piece of mind to investors and institutions dealing with exchange platforms. To date, there is a select number of exchanges on our approved list such as Kraken and Poloniex.\n\n**Open API for viewing and account auditing**\n\nAstronaut will establish viewer access APIs to provide the highest degree of transparency regarding fund allocation, holdings and current investments.\n\nHolders of the token will have access to a real-time view of every investment, in every exchange on demand.\n\n**Fiat account transparency**\n\nAs a certain portion of funds remain in fiat for liquidity reserves, Astronaut will be implementing a viewer access portal linked direct to the bank API for on-demand access to fiat balances and incoming/outgoing transactions.\n\n\n\n### Structure of the Token sale\n\n****\n\nThe token sale is as follows:\n\n**STAGE 1 PRE SALE (30%)**-  Pre sale subscribers to ASTRO will receive a 30% discount on tokens. A maximum of 3,000,000 tokens will be available for pre sale\n\n**STAGE 2 BONUS (20%)** - When the official token sale opens, subscribers will be entitled to a 20% discount for a maximum of 7,000,000 tokens\n\n**STAGE 3 BONUS (10%)** - At the commencement of stage 3 subscribers will be entitled to a 10% discount for a maximum of 10,000,000 tokens\n\n**STAGE 4 FINAL** - At stage 4, the remaining 6,400,000 tokens will be available for purchase at $1 per ASTRO. Following this, the token sale will close\n\n![Screenshot 2017-09-14 13.37.16.png](https://steemitimages.com/DQmXP4xtRJXfT4eKH7XLNq3QDfdzHSczmUe1ZeAHqmFiZvd/Screenshot%202017-09-14%2013.37.16.png)\n\n\n\n### The team\n\n****\n\nAstronaut consists of a specialized and hand picked team who have significant experience across a magnitude of different market sectors. Our management team and investment committee come from a unique blend of private equity management, venture capital, equities markets advisory and emerging market analysis.\n\n\n\nYou can view our full team and investment committee by [clicking here](https://astronaut.capital/team.html)\n\n****\n\n\n### We are expecting our pre-sale to occur on September 20 2017\n<br>\nDue to the possibility of oversubscription, Astronaut is employing a whitelist strategy.\n\nIf you wish to participate, please access our materials and join the list.\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n\nShould you have any questions, please don't hesitate to ask!\n\n****\n\nMatthew J Dibb\n\nCommander & Pilot\n\n**Astronaut Capital**",
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      "permlink": "astronaut-token-sale-astro-put-your-ico-investing-on-autopilot",
      "title": "Astronaut Token Sale (ASTRO): Put your ICO investing on autopilot",
      "body": "# Today we present **Astronaut**  (ASTRO).\n\n****\n\nAstronaut is an innovative new ICO which seeks to close the inefficiencies of prospective investors filtering, researching and ultimately investing in ICOs.\n\nIn short, Astronaut allows you to invest in one token, which in turn gives you ownership to the best, verified, and researched backed ICOs every month.\n\n**Access our material here:**\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n![astronautpicolo.jpg](https://steemitimages.com/DQmZstPB53N7bgWCXcHSSgenmVYfBYoeyQbkUgooCub6gJP/astronautpicolo.jpg)\n\n\n### **Quick brief**\n\n****\n\nAstronaut’s tokens (ASTRO) provides two kinds of returns to its users:\n\n**1)** Token appreciation aligned with the Net Asset Value (NAV) of the fund; and\n\n**2)** Quarterly income distributions based on the investment and exit activity of Astronaut\n\nAstronaut will be the first to establish such a platform in the crypto community, offering efficiency and flexibility, whilst also giving investors the desired exposure to the crypto asset class without any of the ongoing transactional pain points.\n\n\n![Screenshot 2017-09-14 13.50.44.png](https://steemitimages.com/DQmbAsCfBciBHPoenFnF4vVf4PMxZa8bLxQnXNNo7uMjfVE/Screenshot%202017-09-14%2013.50.44.png)\n\n\n### **Where did Astronaut come from?**\n\n****\n\nAstronaut is a creation based on the needs and wants of our subscribers at Picolo Research [http://www.picoloresearch.com]()\n\nAstronaut owns and operates Picolo Research, a top tier research firm specialising in institutional grade research for new Initial Coin Offerings. Picolo is independent and does not receive remuneration for its recommendations.\n\nFollowing a series of interviews and feedback from our 10,000+ subscribers, we were confronted with the inefficiencies that every-day people experience when trying to gain exposure to the right ICOs at the right time.\n\n*It was at this moment that Astronaut was born.*\n\n![Screenshot 2017-09-14 13.52.04.png](https://steemitimages.com/DQmaYBKsyEJwRFRvGiHqoDCjYNnP8RyYou6LnVWQRQ51Cjz/Screenshot%202017-09-14%2013.52.04.png)\n\n\n### **What makes Astronaut a good token?**\n\n****\n\nUtilising our internal research team at Picolo Research, we have a track record of providing investors with real opportunities that are focused on growth and capital return.\n\nFeel free to browse our recommendations and track record by visiting http://www.picoloresearch.com\n\nOver 10,000 crypto investors currently rely on us to perform detailed due diligence and uncover the best opportunities for capital gain. \n\n![Screenshot 2017-09-14 13.27.35.png](https://steemitimages.com/DQmbPpFWQsi3jbTEzrW3Ev9gvDchP3j4C4pVFTcDKZubNGk/Screenshot%202017-09-14%2013.27.35.png)\n\n### \n\n### **What is our performance like?**\n\n****\n\nAstronaut focuses on growth opportunities that are prime for capital gain. Our mandate is geared towards investment that has a significant chance of a liquidity event (exit) within 1-6 months of capital injection.\n\nOver the last quarter, Astronaut has completed public due diligence reports on twelve new Initial Coin Offerings which have satisfied its filtering and market-scanning process. Out of the twelve ICO due diligence reports, four of them have been disregarded as ‘Avoid’ based on further analysis.\n\nOf the eight investments that we have deployed capital in over the last quarter, two of them have listed on major exchanges and are available for public trading. The remaining six are all scheduled to commence trading in the coming months, however they are also currently listed on secondary markets and available to trade over-the-counter (OTC).\n\n![Screenshot 2017-09-14 13.28.01.png](https://steemitimages.com/DQmQM43EqVYuowhVSh2sERmdvWDjwhvtQsLWXWAQQCc2uep/Screenshot%202017-09-14%2013.28.01.png)\n\n![Screenshot 2017-09-14 13.54.58.png](https://steemitimages.com/DQmZjgkxh9XUdaRrti5x1ghR8jRtiVRMSA6zJvZMnMibigp/Screenshot%202017-09-14%2013.54.58.png)\n\n![Screenshot 2017-09-14 13.55.04.png](https://steemitimages.com/DQmctysSXYMaHK6GWvMbErCR4sZUq4E9ZPpjq6ToZw91Nqp/Screenshot%202017-09-14%2013.55.04.png)\n\n### How does Astronaut choose what to invest in?\n\n****\n\nAstronaut takes a methodical approach to investment utilizing its experience within the private equity markets and small-cap (pink sheets) sectors.\n\nWith our experience in analysing concept stage and pre-revenue startups, the team bases their research analysis off several fundamental and technical factors such as:\n\n•  Management and team track record\n\n•  Structure of the token\n\n•  Capital spent to date\n\n•  Anticipated capital to be raised\n\n•  Use of proceeds raised\n\n•  Current intellectual property\n\n•  History of development\n\n•  History of commercialization\n\n•  Commercial viability of the project\n\n•  Professionalism and credibility of the organization\n\n•  Market demand and anticipated liquidity\n\n•  Company structures and incorporation\n\nOur analysts utilize a number of algorithms and API feeds to screen and shortlist all upcoming ICOs. From this point forward, our shortlist is examined, researched and calculated using a scoring system developed internally.\n\n![Screenshot 2017-09-14 13.56.16.png](https://steemitimages.com/DQmRhBSSCPn8FDpFA4VFA9X5gxaZupWwyb1zX39rjuxhNga/Screenshot%202017-09-14%2013.56.16.png)\n\n![Screenshot 2017-09-14 13.57.02.png](https://steemitimages.com/DQmPBun3y2jRM9guNpgeEB8CJT8m1GHqAExpk1ecmHJyvzr/Screenshot%202017-09-14%2013.57.02.png)\n\n\n### How does the Token Sale work of ASTRO?\n\n****\n\nAstronaut believes that the power of the tokens lies with their holders, which will continue to provide the demand, support and liquidity within the ecosystem. In light of this, all tokens, bar a small percentage, will be offered to the market, with the remainder used as an incentive for the Investment Committee (IC) who are actively researching and executing the opportunities.\n\nThere will be 30,000,000 tokens issued as a one-off. After this time, there will be no more tokens issued.\n\n![Screenshot 2017-09-14 13.57.59.png](https://steemitimages.com/DQmevCcDEzVvS3V8zahTbJ3xSnYueJ3YLpzD47HwRrGhdCL/Screenshot%202017-09-14%2013.57.59.png)\n\n\n\n\n\n\n**Leftover tokens will be burned**\n\nAny tokens that are not sold through the crowd sale or allocated as per above will be burned. In this instance, ICO investors will receive a lower entry price proportional to the amount of tokens remaining.\n\n\n\n**Operating costs and development of portfolio infrastructure**\n\n\n\nAs Astronaut is a close-ended fund structure, it will be subject to certain operating costs for the life of the token. In light of this, there will be a small allocation of funds to be used over time to pay for operating expenses, investment analysts and the completion of its Astronaut Portfolio Tracker apps and auditing tools.\n\n- **92%** of funds will be deployed strictly into investment to achieve token holder income and capital growth\n- **8%** of funds will be utilised for ongoing operating costs (auditing, legal, terminals) including the completion of our portfolio tools for token holders. This portion from the initial sale is budgeted to last for the life of the token.\n- *2%  additional management fee will apply per annum for the ongoing administration of the Astronaut platform (this will only come into effect after the initial 12 months to assist with any extra operating costs)\n\n\n\n### How do dividends work?\n\n****\n\nAs part of the Astronaut income strategy, holders of the token are entitled to receive quarterly dividends based on the performance of realised investments over that period. \n\nThe breakup of the distribution is as follows:\n\n- 50% of ‘realised’ profits via Astronaut investment activities will be credited back to the token holder in ETH on a quarterly basis\n\n\n- 40% of the profit will be reinvested into Astronaut, therefore expanding assets under management (AUM) and appreciating the token price of ASTRO\n\n\n- 10% of the profit each quarter will be used to fund the ongoing operation of Astronaut and its investment activities (legal, auditing, analysis)\n\n\n\n![Screenshot 2017-09-14 14.00.00.png](https://steemitimages.com/DQmVGNAkTN6mwjWzq1n3inbD65RMWKi2LBpu8cBiLjLpDHT/Screenshot%202017-09-14%2014.00.00.png)\n\n\n\n\n\n**Exchange tradable Astro Tokens**\n\nAstronaut will be issuing ASTRO Tokens (ASTRO) to its token holders after the initial coin offering. Our expectation is that ASTRO will be tradable on the exchange  within six weeks of issue. Investment will begin as soon as the ICO has completed in order to get ahead of the market.\n\nBased on performance of our previous investment efforts, recommendations, market comparisons and outlook in the short term, we anticipate significant growth and appreciation of ASTRO stating November 2017.\n\n\n![Screenshot 2017-09-14 14.00.08.png](https://steemitimages.com/DQmUfwXrzuUAgk7yfcdyBPndE65UbbePgSvU4N6T3ZmEwRm/Screenshot%202017-09-14%2014.00.08.png)\n\n\n\n\n### The Astronaut Portfolio Tracker\n\n****\n\nAstronaut is developing an intuitive and detailed portfolio tracking system, allowing investors to quickly gain transparency of the Assets Under Management (AUM), transactions and dividend periods at the push of a button.\n\nThe application will be the knowledge base for investors seeking to gain an understanding of potential investment decisions that Astronaut will be making.\n\n\n\n![Screenshot 2017-09-14 14.00.58.png](https://steemitimages.com/DQmRZVmuCD1ruZuA8Yi8rMm3TgecthV2DQ2uGWtB4axnQMo/Screenshot%202017-09-14%2014.00.58.png)\n\n\n\n\n\n**Upcoming dividend notifier**\n\nThe application alerts investors of the details regarding quarterly dividend distribution including the amount, yield, highest/lowest performers and the expected date of receipt.\n\n**Daily and weekly AUM balancing**\n\nWhile the Astro Tokens will be traded publicly, the Astronaut Portfolio Tracker will calculate AUM on a periodic basis to determine the true underlying value of each Astro token. While there may be a small pricing disparity due to outside factors (either higher or lower in the public market), this AUM calculation will give a true indication of token value.\n\n**Research and analysis**\n\nThe application allows investors to access the underlying research and investment methodology that was used in the process of each transaction. This research is conducted by our internal team at Picolo Research. Investors will be notified each time there is a new report, commentary or analysis uploaded on the application.\n\n**Transaction notifier**\n\nWhen Astronaut places a new transaction, alerts are sent to the investor through the Portfolio Tracker. This will also detail the exposure that is set as a (%) of the overall AUM.\n\n\n\n### Auditing & security\n\n****\n\nAstronaut is focused on providing our token holders with the right tools and platforms to evaluate transactions, portfolio performance, liquidity levels and dividends on demand. We believe trust can only come in the form of complete transparency in the decentralised ecosystem.\n\n**Exchange selection which satisfies Proof of Solvency**\n\nAstronaut is committed to only using exchanges that can satisfy the Proof of Solvency test (PoS) .\n\nThis ensures specific liquidity and reserve fund requirements that give piece of mind to investors and institutions dealing with exchange platforms. To date, there is a select number of exchanges on our approved list such as Kraken and Poloniex.\n\n**Open API for viewing and account auditing**\n\nAstronaut will establish viewer access APIs to provide the highest degree of transparency regarding fund allocation, holdings and current investments.\n\nHolders of the token will have access to a real-time view of every investment, in every exchange on demand.\n\n**Fiat account transparency**\n\nAs a certain portion of funds remain in fiat for liquidity reserves, Astronaut will be implementing a viewer access portal linked direct to the bank API for on-demand access to fiat balances and incoming/outgoing transactions.\n\n\n\n### Structure of the Token sale\n\n****\n\nThe token sale is as follows:\n\n**STAGE 1 PRE SALE (30%)**-  Pre sale subscribers to ASTRO will receive a 30% discount on tokens. A maximum of 3,000,000 tokens will be available for pre sale\n\n**STAGE 2 BONUS (20%)** - When the official token sale opens, subscribers will be entitled to a 20% discount for a maximum of 7,000,000 tokens\n\n**STAGE 3 BONUS (10%)** - At the commencement of stage 3 subscribers will be entitled to a 10% discount for a maximum of 10,000,000 tokens\n\n**STAGE 4 FINAL** - At stage 4, the remaining 6,400,000 tokens will be available for purchase at $1 per ASTRO. Following this, the token sale will close\n\n![Screenshot 2017-09-14 13.37.16.png](https://steemitimages.com/DQmXP4xtRJXfT4eKH7XLNq3QDfdzHSczmUe1ZeAHqmFiZvd/Screenshot%202017-09-14%2013.37.16.png)\n\n\n\n### The team\n\n****\n\nAstronaut consists of a specialized and hand picked team who have significant experience across a magnitude of different market sectors. Our management team and investment committee come from a unique blend of private equity management, venture capital, equities markets advisory and emerging market analysis.\n\n\n\nYou can view our full team and investment committee by [clicking here](https://astronaut.capital/team.html)\n\n****\n\n\n### We are expecting our pre-sale to occur on September 20 2017\n<br>\nDue to the possibility of oversubscription, Astronaut is employing a whitelist strategy.\n\nIf you wish to participate, please access our materials and join the list.\n\n[Astronaut website](http://www.astronaut.capital) \n\n[Astronaut white paper](https://astronaut.docsend.com/view/p4iazfu)\n\n\n\nShould you have any questions, please don't hesitate to ask!\n\n****\n\nMatthew J Dibb\n\nCommander & Pilot\n\n**Astronaut Capital**",
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  "block": 15260291,
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  "op": [
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      "parent_permlink": "ethereum",
      "author": "picolo",
      "permlink": "why-you-should-avoid-the-paragon-pgn-ico",
      "title": "Why you should avoid the Paragon (PGN) ICO",
      "body": "Link to full research report here https://picoloresearch.com/26/paragon-pgn\n\n\nParagon is a predominantly US based startup seeking to bring transparency, verification, and stability to the marijuana market via an ERC20 blockchain system.\n\nThe aspirations of Paragon can be summarised as the following:\n1) creation of an immutable ledger for all industry related data\n2) to create a marketplace using ParagonCoin (PGN) for the payment of industry related services\n3) establishment of niche co-working spaces\n4) create standardization of supply, management, and verification within the marijuana industry\n\nParagon has invested a substantial amount of time into public relations and market awareness, promoting a strong stance of complete legalization of marijuana and the positive effects it can have to consumers and industry alike.\n\nToken Sale\n\nUnder the code PGN, Paragon is issuing 100m tokens (in its first round) with a further 100m to be issued at ‘stage 2.’ The deal structure in which Paragon employs appears to be quite complex. Over time, the number of tokens in circulation will decrease due to a transactional ‘burn,’ hence the issue of allotment (2).\nA detailed use of proceeds, budget and spend on specific infrastructure is omitted within the white paper. However, there is some mention of the token allotment at the various stages. Interestingly, 40% of tokens being issued in the first round is to ‘maintain price support of PGN.’\nThe token sale price is currently 100,000,000 PGN for $1 each.\n\nTokens for Investors\nThe tokens received by investors after the fundraising period (PGN) are intended to be used for transactional processes established within the model as well as an incentive to harness innovation within the entire Paragon ecosystem.\nTokens are also intended to be available for trading on the exchange.\n\nCommercial Strategy\n\nThe white paper presents a number of commercial models relating to the establishment of the verification and quality control system (ParagonChain), investment in co-working spaces (ParagonSpace), the growth of its community (ParagonOnline) and the launch of an accelerator (ParagonAccelerator).\nWhen analyzing the intricacies of just one phase of the business, ParagonChain, (refer to page 10 of the whitepaper), it is a significant goal that they have, effectively aspiring to tackle a complete ecosystem through one technology.\n\nThe commercial strategy then evolves into the establishment of co-working offices (real estate and operations) and other online community initiatives seeking to change current marijuana legislation.\n\n\nStrengths\n\n- The marijuana industry has been growing significantly in the USA as laws continue to relax regarding the private use of the drug in select states.\n\n- Quality control is known to be an issue, particularly regarding the source of the drug/strain. There has been a significant amount of emphasis placed on data management and verification within the marijuana industry.\n\n- The public relations aspect of the ICO has created a large amount market awareness which may lead to a successful sale.\n\nWeaknesses\n\n-The commercial strategy of Paragon is not clear. While they are promoting the initiative based on the blockchain contract (ParagonChain), an extensive portion of the commercial model is unlikely to be blockchain based.\n\n-The problem they are trying to tackle exists, however the execution in bringing a solution to market is not to be understated. The ecosystem Paragon would like to penetrate (in just one of its commercial steps) involves procurement, verification, distribution, management, delivery and payment. Generally speaking, most startups would seek to tackle only one of these problems at a time.\n\n-The launch of ParagonAccelerator and ParagonSpace appears to be initiatives that may actually make the company money, however, these aspects have little to do with blockchain (with the exception of the PGN tokens being used as ‘rewards’ or ‘currency.’) There is a substantial amount of content in the white paper about these two commercial models, and in some instances, quoting the success of WeWork.\n\n- The token allocation needs more explanation. The use of funds to ‘control market price’ seems like it is counterintuitive and not suited for the public market.\n\n- The management team appears to focus on public relations as its priority for raising funding. The CEO, while success in modeling, does not appear to have exited nor made a significant success out of her previous initiative AuBox, with the exception of a few press articles released in Vogue and other magazines.\n\n- There is no detailed use of proceeds listed. While there is some mention as to the stages, there is no specific data as to how the money will be spent.\n\n- There are no concrete deadlines listed in the white paper.\n\n- On a macro note, we see a threat of transactions being placed over the blockchain as currency, particularly when legalization of such drugs has occurred only because governments and regulators seek to benefit from the taxation component.\n\nConclusion\n\nParagon appears to be a significant risk to investors that are seeking long term exposure.\n\nWe acknowledge that the amount of public relations involved and overall market ‘hype’ will likely get this project funded. The company has gone as far as to hire ‘The Game,’ a renown hip-hop artist to assist in the marketing.\nWhile we are impressed with the team’s ability to promote the token sale, we see a substantial amount of risk associated with investment in the long term.\n\nFor the reasons listed below, we hold a negative view:\n\n- The token sale structure is extremely complicated\n- A significant amount of funds are used to ‘control the token price’\n- There is no detailed ‘use of proceeds’ or budget\n- The team have not communicated a clear commercial strategy as there are 5 completely different segments\n- We believe the use of blockchain within the ecosystem (in this venture) will be limited\n- There is a strong focus on the establishment of Accelerators and Co-working spaces as opposed to the blockchain initiative\n- The management team appear to be using the current market liquidity as a method of financing for something other than the actual concept\n- It is unknown as to what portion of the funds will be held by management, promoters, etc…\n\nFor the reasons listed above, we believe there is a significant risk associated with this token sale. If the same structure and offering were presented by a company that did not put such high profile names to it, we would be on the verge of labeling such a token sale as 0 stars.\n\nIn saying this, for those seeking short term speculation of a quick trade, the amount of hype associated with this ICO may provide a quick capital gain in the token price once it hits the exchange.\n\nFor those seeking a long term investment, we advise to avoid Paragon.\n\nThe preceding report has been produced by Picolo Research, the leading ICO and blockchain research house, in conjunction with Astronaut Capital, an upcoming coin offering focused on investment management.",
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  "block": 15050310,
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  "op": [
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    {
      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "picolo",
      "permlink": "speculative-rating-placed-on-kik-ico-kin-by-picolo-research",
      "title": "Speculative Rating placed on Kik ICO (KIN) by Picolo Research",
      "body": "Access the full report here: https://picoloresearch.com/24/kik-kin\n\nKIN is a social network currency (short for kinship) which is anticipated to launch on the social media platform Kik.\n\nKik has over 15 million monthly users and has raised previous rounds of finance ($110m) as an established company.\n\nThe purpose of KIN tokens can be summarised as the following:\n\n1) a network currency that is utilized by members of the platform to buy in-app upgrades and features (such as emojis, gifts, etc ..)\n2) a marketplace for people to buy and sell goods as well as P2P payments of Kin between users\n3) a reward token for developers to continue building out and improving the Kik eco-system as well as a currency utilized for marketing and advertising \n\nWhile Kik is an established platform with an increasing user base, its upcoming token (KIN) likely won’t be released on the platform until ‘this coming summer.’\n\nToken Sale\n\nUnder the token KIN, Kik will issue exactly 1 trillion tokens for sale out of a 10 trillion total of KIN in circulation (10%). \n\nApproximately 30% of the tokens on issue will be held by management at Kik. These tokens will be subject to a long term vesting schedule of 10% every quarter. \n\nThe remaining 60% will be used for distribution of rewards over the next three years. The white paper further details the likely distribution of these tokens in detail.\n\n\nTokens for Investors\n\nThe tokens received by investors can either a) be used on the platform (if you are an active user of Kik) or b) traded on the exchange once listed. \n\nKik notes in their white paper that token distribution will commence once the upgrade and integration have completed. Judging from the correspondence they have released, this could be early 2018.\n\n(note, we are unsure at this point what the intention/timeframe is for any exchange listing of KIN)\n\nAccess the full report here: https://picoloresearch.com/24/kik-kin",
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      "author": "picolo",
      "permlink": "high-conviction-buy-on-0x-project-ico-picolo-research",
      "title": "High Conviction 'Buy' on 0x Project ICO - Picolo Research",
      "body": "0x is a startup seeking to create and deploy a new, secure, ‘trustless' and ‘feeless’ exchange for Ethereum ERC20 contracts and tokens.\n\nCurrently, there are two types of exchanges in the market with differing problems:\n\n1) Centralized Exchanges such as Poloniex, Coinbase and GDAX which are susceptible to security flaws, traffic spikes, and significant fees; and\n\n2) Decentralized Exchanges such as EtherDelta or Maker Market which are slow due to everything being stored entirely on the blockchain\n\nThe 0x project aims to deploy a platform agnostic ‘hybrid’ of both exchange processes; using off chain order relay combined with on-chain settlement to create a new and efficient standard in the market.\n\nWant to view the full report?\n\nClick here: https://picoloresearch.com/22/0x-project-zrx",
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      "steem_payout": "0.000 STEEM",
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      "parent_permlink": "ico",
      "author": "picolo",
      "permlink": "why-we-put-an-avoid-on-the-rex-ico-rex",
      "title": "Why we put an 'avoid' on the Rex ICO (REX)",
      "body": "Rex is a US and Australian operated startup seeking to disrupt the real estate industry by utilizing ethereum smart contracts to streamline the listing and sales process of physical real estate.\n\nThe company has two main goals:\n\n1) to reward participants including brokers and agents for crowdsourcing and contributing relevant information relating to new properties\n2) create a platform and protocol to allow the purchase, sale and land ownership transfer to be held entirely on the blockchain\n\nRex has released several ‘Alpha-stage’ demos to convey the vision of future development.\n\n---------\nToken Sale\n\nUnder the code REX, Rex is raising a maximum of ~$30m (133k ETH) for development and commercialization of the platform. \n\nAs detailed in the company’s white paper, only 50% of the tokens are being sold in the crowd sale, while approximately 27% are kept and vested by founders, angels and advisors of the ICO.\n\nThe white paper does not detail a breakdown of future expenditure of operation costs or where the funds raised are going.\n\n--------\n\nWant to see the full report?\n\nhttps://picoloresearch.com/21/rex-mls-rex",
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      "parent_author": "picolo",
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      "author": "kaitlynmoore01",
      "permlink": "re-picolo-the-beginners-guide-to-investing-in-icos-20170802t201352847z",
      "title": "",
      "body": "Good article. Interesting to see I'm not the only one that is thinking about this. It's facinating how people invest 10's of millions of dollars in \"just an idea\".  Do you know this interesting site? https://www.coincheckup.com They researched and analyzed every tradable coin out there from a investment, team, product, transparency perspective. Really interesting.",
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      "parent_author": "picolo",
      "parent_permlink": "the-beginners-guide-to-investing-in-icos",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-picolo-20170802t072024000z",
      "title": "",
      "body": "Congratulations @picolo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcommented.png)](http://steemitboard.com/@picolo) You got a First Reply\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "author": "pgcrypto",
      "permlink": "re-picolo-the-beginners-guide-to-investing-in-icos-20170802t054935984z",
      "title": "",
      "body": "Hey there, I'm working with a group to launch a website at the end of the month featuring community-based ICO reviews. If you're interested in more exposure for your ICO analysis please reach out to me on steemit.chat",
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