IP Gold Announces One Day Token Sale to Celebrate Migration to NEM
Ever since the crypto spell was cast over investors in 2017, some of the more popular blockchains have been experiencing continuous problems with network congestion. Of these blockchains, Ethereum and its infamous “Crypto Kitties” likely jump out at you as a prime example.
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2017 was undoubtedly a year of success for cryptocurrencies, but, on the flip side, it also put the scalability issues of blockchain tech on full display. Indeed, the scaling problem persists as developers scramble to find a feasible solution.
IP Gold Ditches Ethereum for NEM
The blockchain-based IP sharing platform, IP Gold, has recently announced that, because of network congestion issues, they would be leaving the Ethereum blockchain and moving to NEM.
As a result, they will be launching a 24 hour token sale to create awareness for the move among its community members. It will start July 3, 2018 and offers a 50% bonus as an incentive to participate in this surprise crowdsale.
The project’s team made the decision to move to NEM because they believe that its set up is more scalable in the long-term and that it ultimately offers a security boost as well.
David Grieshaber, CIO at IP Gold said just as much when commenting about the IP Gold’s move from Ethereum to NEM:
“The proven scalability, support, and security of the NEM blockchain offers the most future-proof platform for the IPG token and IP Gold community. NEM’s peer-to-peer architecture, proof of importance (POI) algorithm, encryption and multisig account support made it the obvious choice for IP Gold’s long-term goals.”
About IP Gold
IP.Gold leverages blockchain, artificial intelligence, and smart contracts in the employment of their platform. The platform itself gives people the ability to share IP addresses which are finite in supply and becoming increasingly scarce by the day.
In addition, IP.Gold operates a scalable, proven IP asset ecosystem that maximizes the monetization of digital assets through their lifecycle while providing asset growth, downside protection, and crypto volatility diversification.
Their automation of digital asset management significantly reduces overhead costs and enables an improved way to coordinate the process of acquiring digital assets in the first place.
According to the startup’s official press release, IP Gold deploys a proven set of value-added transactional services on its digital assets to maximize is revenue generating capabilities and attractiveness to customers.
Image via IP Gold
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