TTEC601 Financial Technology and the Digital Economy

The HOQU

The HOQU provides you with the best and unmatched encrypted network & profits to your investment

Introduction of Solutions to Problem using Blockchain Project

The best and unmatched solutions to problems associated with purchasing other currencies is being introduced by this ICO starting June 2^nd 2021. Our organization called HOQU has begun a digital and novel cryptocurrency process whereby investors can effortlessly purchase the digital coin using such other cryptocurrencies as Bitcoin (Rosic, 2019). The fundamental problem investors encounter is their continuous dissatisfaction with the smaller profits accrued from the existing coins. However, our ICO gives them the lucrative opportunity to purchase any market commodity using our coins and thus, the digital coin values get appreciated and utilized for better profits.

Our organization remains affiliated with the network called ‘Bancor’ network. This network enables investors to convert respective cryptocurrency at increasingly low cost devoid of low liquidity fear. The unparalleled feature remains that by using Bancor network, one is capable of generating digital coins for reservation for later use for trade. Whereas other existing ICO providers remain lazy, HOQU is introducing this quick network for investors to purchase the coins in a fast manner and get their respective problems solved in real-time.  

This white paper intends to make investors conscious and provide them with desirable solutions to respective problems. Initial Coin Offering has characteristics that each kind of individual can purchase a token coin. It further highlights the product’s technical aspects and the underlying problems to be solved.

Our organization has the unmatched media for promoting our ICO while paying huge funds to guarantee awareness to allow more investors to invest and earn profits. Our organization has already built   a slack besides telegram app whereby potential investors wishing to purchase our coin will be able to communicate with this project owners or founders. We are having the best dedicated team capable of solving problems in real time.

Our organization already acquired advanced blockchain technology that provides solutions to any problem. This technology is capable of saving the details of each transaction and avail this data for everyone to see and check. It will further reports any fraud in coin token and our ICO gives back twice the money in question. Our blockchain technology comprises of a verified block to make a transaction and any change in transaction details will automatically trigger an alteration in millions of transaction readings.

Market and Problem Consideration

Investors are increasingly facing challenges in paying the tax amount when purchasing token coins from websites. However, our organization has a blockchain technology that has no cutting from a payment since an investor is capable of easily profiting. Homework and Fivver market are charging one dollar for every five dollar transaction, however, but we will offer free transaction via our blockchain. A fundamental problem faced by individuals who need certain book or content from website is the need to pay for it (Romanenko, 2018), yet our blockchain will allow them the right to unlock such books for free and can further transfer those articles.

Our ICO allows people the right to purchase token coins at extremely least cost and can then invest with even $5 to begin a business using our ICO. This ICO white paper is having each technology for buying shares, since the investment of a user automatically makes him part of our business. We have the unmatched criterion for making investor wealthier and quickly solve respective problems. Our ICO project is having a complete design and structure of ICO and showcases the audience their major targets and purpose. Individuals often face issues of trust as they make an investment, however, our organization is guaranteeing investors to make profit using least investment.

Our organization is offering facilities for a program whereby we give the investors the right to be paid 0.8% of total revenue for stability. Individuals face tax transaction problems, however, with our system, we offer free transactions and potential investors are capable of using our token coins to buy any market commodity.

Another salient problem investor’s face relates to the system security and fear of losing invested funds. However, we have an advanced technology in place for our ICO project which guarantees that investors’ transactions will be securely safeguarded and no third party will even imagine of hacking (BitcoinWiki, 2017).

Problem Solutions

Our ICO project offers a range of discount on diverse commodities including where one buys  burgers  from McDonald’s, he will be getting a 40%  discount  using visa card  granted by ICO system. Some of the mainstream solutions to problems are highlighted below:

• A huge discount when buying market commodity
• Allows individuals to earn profit using other coins as Bitcoins
• Discounts on travel cost including airplane ticket’s buying
• Easily convertible currency
• Enabling individuals to invest with least funds
• Equity treatment  for all by dedicated team
• Free transaction for transfers
• Fully encrypted blockchain  technology
• Hidden person identity
• One can easily send money devoid of undergoing through banks (Boreiko & Sahdev, 2018)
• Peer-to-peer network help share files devoid free of charge
• Peer-to-peer network under control of millions PCs  will process blockchain
• Protect Bancor network by blockchain hence no hacking money from investor’s accounts
• Providing 0.8% of total revenue for stability

Conclusion

Our ICO project intends to provide people opportunities for investing and investors can purchase cryptocurrency token coins that additionally are usable for diverse purposes. The entire project remains safeguarded by Bancor network that deters anybody from hacking the data. Every transaction linked to debit cards, visa cards, currency and money transfers attract no charges. The organization offers profits to individuals who invest even least funds and become part of the business via shares. The organization allows people to buy token coins at extremely low rate and sellable to earn enormous profits (Adhami, Giudici & Martinazzi, 2018).

Our project intends to offer individuals the best and unparalleled benefits through coins and currency exchange. The investors will be capable of buying market commodities using token coins and with increased in token value, investors will be able to sell their token coins hence earning huge profits. Investors can effortlessly purchase tokens and make additional shares’ investments (Fisch & Momtaz, 2020). The ICO Project network given by Bancor remains highly safeguarded and nobody (unauthorized) can make any alterations to any data. Our organizations is setting its token funding and distribution limits to investors based on the funding. The number of tokens to be picked by an investors will be increased by the more investment an investor makes and hence the more profit to be earned.

References

Adhami, S., Giudici, G., & Martinazzi, S. (2018). Why do businesses go crypto? An empirical analysis of initial coin offerings. Journal of Economics and Business, 100, 64-75. https://moodle.epfl.ch/pluginfile.php/2721162/mod_resource/content/1/1-s2.0-S0148619517302308-main.pdf 

BitcoinWiki. (2017, 11 16). White Paper. BitcoinWiki, 1-4. Retrieved 05 02, 2021, from https://en.bitcoinwiki.org/wiki/White_Paper 

Boreiko, D., & Sahdev, N. K. (2018). To ICO or not to ICO–empirical analysis of initial coin offerings and token sales. Available at SSRN 3209180. https://www.researchgate.net/ profile/Dmitri_Boreiko/publi cation/326756824_T o_ICO_or_not_to_ICO_- _Empirical_analysi s_of_Initial_ Coin_Off erings_ and _Token _Sales/links/5bb74433a6fdc c9552d44737/To-ICO-or-not-to-ICO-Empirical-analysis-of-Initial-Coin-Offerings-and-Token-Sales.pdf 

Fisch, C., & Momtaz, P. P. (2020). Institutional investors and post-ICO performance: an empirical analysis of investor returns in initial coin offerings (ICOs). Journal of Corporate Finance, 64, 101679. https://www.sciencedirect.com/science/article/pii/S0929119920301231 

Huang, W., Meoli, M., & Vismara, S. (2020). The geography of initial coin offerings. Small Business Economics, 55(1), 77-102. https://core.ac.uk/download/pdf/286712920.pdf 

Mason, B. (2017, 07 03). What is an ICO (Initial Coin Offering) and How Does it Work? FXEMPIRE. Retrieved 05 02, 2021, from https://www.fxempire.com/education/article/ico-initial-coin-offering-work-418446 

Melnychuk, V. (2018, 03 19). How to Write a Good White Paper for Your ICO in 10 Steps. Applicature, 1-5. Retrieved 05 02, 2021, from https://applicature.com/blog/token-offerings/write-good-white-paper-ico 

Romanenko, P. (2018, 12 11). 20 Blockchain Use Cases for 2018 You Should Know: Lessons learned from the Blockchain Circle’s workshop. Hackernoon, 1-5. Retrieved 05 02, 2021, from https://hackernoon.com/20-blockchain-use-cases-for-2018-you-should-know-f7d2919c191d 

Rosic, A. (2019, 08 15). What is Blockchain Technology? A Step-by-Step Guide For Beginners. Blockgeeks, 1-5. Retrieved 05 02, 2021, from https://blockgeeks.com/guides/what-is-blockchain-technology/ 

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