How TG Ecosystem Uses Cooperation to Solve Major Crypto-Market Problems
October 14 2021 - 12:46PM
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Several models for the development of nations for the next three to
five years were presented by the World Economic Forum, where
cooperation was emphasized as the foundation for successful and
speedy economic and social recovery. Speaking at the WEF, Børge
Brende, a Norwegian politician and member of the Conservative
Party, said that “the direction in which we need to head is towards
greater dialogue, coordination and collective action”. Even today
in the world of global business, we’re seeing hundreds of examples
of cooperation gone right, such as the UN Global Compact, C40
Cities, Sustainable Trade Initiative (IDH), World Resources
Institute, and many others. How are things in the crypto-world? The
problems that cooperation can solve Cooperation has been popular
around the world for many centuries as a form of getting people to
work together to achieve certain goals. Nowadays, cooperative
societies are designed to solve modern economic problems, namely:
eliminating intermediaries, thereby lowering the cost of goods and
services; speeding up the process of producing goods or certain
commodities; exchanging experience and information in order to make
adequate decisions in politics, education, healthcare, and any
other economic sectors; accumulating resources (money, time, labor)
for effectively implementing projects and achieving goals. Only up
until a few years ago, cooperation was predominantly characteristic
of industrial and manufacturing enterprises and companies as well
as businesses from the non-financial sector. Today, however, we’re
seeing more and more examples of cooperation in online environments
and among IT projects. Here are just a few of them. Blockchain
Investors Consortium. The Blockchain Investors Consortium has more
than 120 members with more than $6 billion in digital assets under
management in the group. The funds raised are used to support
global projects aimed at the development and popularization of
blockchain technology. IBM Food Trust. This is an association
of several blockchain technology companies at once. The IBM Food
Trust consortium includes producers of agricultural products,
carriers, as well as consumers such as Walmart and Nestle.
Furthermore, businesses can track food products from their
suppliers to consumers using their platform. Today, cooperation can
not only accelerate the launch of crypto and blockchain startups
but also significantly influence the popularization of blockchain
technology in the world. The true power lies in a number “Let’s
remember what happened on the stock market with Gamestop. Hundreds
of thousands of retail investors rushed to buy up the securities of
a little-known company, succumbing to the influence of FOMO, which
was skillfully created by crowd manipulators. Crowds, after all,
are easy to manipulate. As a result, investors lost money after all
the excitement had died down. A well-thought-out participant
self-organization system turns a crowd into a group, and a
decision-making system makes it possible to solve this issue in a
centralized way,” says Eugene Melnik, the CEO of TG Ecosystem. The
self-organization of groups and, later on, the cooperation between
them will be the solution to spontaneous investments lacking a
clear strategy for recovering funds. The TG DAO 3.0 Launchpad, part
of the TG Ecosystem, presented an effective solution to reduce the
risks associated with investing in cryptocurrency, based on
self-organization and cooperation. “We analyzed the main reasons
for the failure of the ICO boom in 2018 and developed our own
solution for the startup launch market. It lies in the cooperation
of experts, users, and the projects themselves. We achieve our
goals much faster when we act together rather than separately,”
said Eugene Melnik. The TG DAO 3.0 Launchpad includes several
instruments for effective crowdfunding. These include an
accelerator and a platform for IDO, as well as other services that
will be launched in 2022. The Launchpad team is also ready to
collaborate with not only blockchain startups, but also with
venture capital projects that offer innovative solutions for
various areas of business. “Even today, we’re receiving a large
number of applications to participate in the accelerator program
and conduct IDO. Four projects have been approved by our expert
council and will soon be eligible for discussion by community
launchpad members. By the end of the year, we plan to review
another ten projects and choose the most deserving of them,” Eugene
Melnik comments. Cooperation is crucial when choosing startups to
invest in, so the Launchpad team has arranged a voting system where
users will decide which startups are allowed to conduct a token
sale. This way, investors avoid the problem of recklessly investing
their money into sketchy projects. Cooperation introduces several
advantages that can be successfully used in projects. “First of
all, it’s the ability to bring groups of people together and create
the appropriate targeted programs for the purpose of investing or
conducting joint activities. Secondly, the simplicity of
participating within a cooperative, since a participant only needs
to submit an application and pay the minimum entrance and share
fees. Funds or other proprietary contributions to startups are
allocated as early as when the cooperators create the program in
question. Thirdly, the cooperative has the possibility to
distribute its income among project participants in proportion to
their participation in the cooperative’s business activities. In
this case, it is the cooperative members themselves who decide on
how the income is to be distributed,” says Natalia Khitruk, lawyer
at TG Ecosystem. In the very near future, TG DAO 3.0 will conduct a
Funding Round and a Public Sale of TGDAO tokens. More information
about the project can be found on the website.
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