

Miners are not the only ones who get a vote on decisions-æternity token holders can use their AE tokens to signify their vote through the Governance Aepp. Æternity Oracles enable the integration of real-world data into the blockchain-a feature that has an endless range of potential use cases for business, science, and all other industries across the globe. Unlike most blockchains, æternity’s core protocol was re-engineered specifically so it can accommodate state channels on a protocol level, making it easier to build applications for global-scale enterprise use cases. The Fast æternity Transaction Engine, or FATE VM, uses a higher level of abstraction and automatically minimizes error with type checking, delivering a simpler, easier, safer programming environment.
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FATE Virtual Machine: faster, simpler, safer code.Such a discount would not be available to retail investors, and as such, it may be beneficial for an investor to participate in an ICO pool if their sole goal is to maximise their tokens under ownership.Æternity smart contract programming is unique: Sophia is a typed functional programming language in the ML family that makes it easier to write correct programs. Potential ICO discounts – As mentioned before, due to the large sums of money an ICO pool can raise, some ICOs are incentivizing investment into their project by offering discounts. In addition, participants of the pool are able to deliberate amongst themselves as to the quality of an ICO, therefore improving the decision-making process. Pros & Cons of ICO poolsĪccess to pool resources – Depending on which ICO pool you join, investors are usually granted access to pool research in order to allow them to evaluate the merits of the pool’s target ICO for themselves. Therefore, it is likely that a retail investor may receive more tokens investing an ICO pool, as opposed to investing on their own. Therefore, by participating in an ICO pool, a retail investor can instantly increase their bargaining power by aggregating funds and investing along side other individuals.Īs ICO pools are simply an aggregation of investor funds, ICOs are starting to offer pre-sale discounts to any pool that may be interested in investing their project. As a result, many retails investors are finding that they are unable to invest in a project of their interest. Many ICOs are choosing to suspend their public sale, which occurs after the private presale, due to being able to raise the required investment in the presale stage.

individuals or institutions who can afford to invest a large sum of money. Private presales are closed to the public and are exclusively only open to Angel investors or venture capitalist firms, i.e. ICO pools are a response to a growing trend of ICOs deciding to raise their required investment in what are known as, private presales. It is the responsibility of the pool mangers to then redistribute the received tokens to the correct investors. Investors send funds to an Ethereum address specified by the pool mangers, who then have the responsibility of sending those funds to the ICO address. Non-Trustless Pools do not utilize smart contracts, but instead mandate that the collection of investor funds be done by pool managers.

Once the pooling process is complete, the Ether is sent directly to the ICO’s Ethereum address, with investors then receiving the ICO tokens in proportion to their initial investment. The smart contract is open-source, and thus investors can review its validity before sending any funds. Ether is sent to a smart contract address which displays the recipient ICO address, as well any other important piece of information. Trustless Pools use smart contracts to ensure that no party has direct control over investors' funds, which consequently, requires no trust to be placed in the individuals managing the ICO pool. ICO pools can take on two distinct forms: Upon the participation of an ICO pool, investors are typically then given access to the pool’s research, giving them the opportunity to assess the quality of any ICOs for themselves. Pools are typically overseen by a group of individuals who manage the contributions made by each investor. An ICO pool is a collection of investor funds, pooled together with the sole intention of investing in an ICO.
