How to Contribute to the Tezos Crowdfunding

Good day guys if you want to participate in the ongoing Tezos crowdfunding this step by step tutorial is for you. If you’ve been following my post on the tezos crypto project you will notice that I updated the previous article notifying you guys that the initial coin offering that was scheduled to hold June was now shifted to July 1 which is today should in case you still don’t know what tezos please kindly follow the link below read about it.

Recommended: All you need to know about Tezos: The Digital Commonwealth.

So let’s proceed to the main of how to contribute to the tezos crowd funding.

1. The first thing is to go to tezos fundraiser website Tezos.com scroll down and click on any of the contribution options you are willing to use. For the purpose of this tutorial, we will be using the tezos site. After clicking the tezos site  you will be taken to a welcome page where you will create your tezos wallet.

2. The HTML page is designed to work offline so it’s advisable to download and run it on a computer that is not connected to the Internet or at the very least you should access the page in incognito mode with your browser plugins disabled. Disconnect your internet connection and proceed to open the HTML file you’ve just downloaded

3. Let’s create your tezos wallet. Fill out your email and a strong password and click next.

4. Copy the password secret key and the public hash generated save it offline and click on save wallet to download the pdf document that contains your secret code, public hash and other important files.

5. The next thing is to verify your backup open the pdf file you downloaded, copy and paste your tezos wallet no into the first box followed by the password you used when creating the wallet, then click on verify and you will be taken to another page that, you will follow to make your contribution.

6. Now that we have successfully created the tezos wallet. You can now re-enable your internet connection and let proceed to make your contribution by clicking on the link to proceed.

6. At this stage, if you’re not yet ready to contribute, no worries’ you can close the tab and come back later as the generated link(for you only) or better still the bitcoin and ethereum deposit address that you will need to fund your newly created wallet is in contained in the pdf file you download earlier on.

7. Now let’s go online to fund the newly created wallet. To send your contribution the tezos foundation recommend an allocation rate of 5,000 XTZ/XBT (five thousand tezzies per bitcoin) as well as a time-based bonus. No worries if you don’t have 1 bitcoin you can still participate as the minimum of amount of tezos that can be exchanged for either bitcoin or ethereum is 500 XTZ which is 0.1 BTC and 0.918 ETH and the current bonus rate is 20% as at the time of writing this.

8.The next thing is to determine the contribution option and how many tezos you want to buy, there’s a currency converter calculator on the page to help you do that.

You can also pay with other altcoins like Monero, Ripple, Zcash, Litecoin, using the Altcoin via Shapeshift option type the amount of the tezos tokens you want to buy it will show you the equivalent in BTC or ETH depending on the one you are using and then choose your preferred payment option the BTC or Eth deposit address or the barcode will be displayed.

For safety purpose, please check if the deposit address is the same thing with the one in the pdf file you downloaded.

Proceed and make your payment and also to check your contributions, please visit https://check.tezos.com.

Finally after making your contribution be patient as transactions may take up to one hour to be available.

Hope this helps.

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ICO Review : Is IOTA a Good Cryptocurrency Project to Invest

IOTA is the new cryptocurrency that has blows the nternet making it to the top 10 crypto by market capitalization on coinmarketcap.

Cryptocurrency exchange Bitfinex has just officially launched the IOTA token, IOT which is tradable in IOT/USD and IOT/BTC pairs and it was reported to be a record breaking launch with 3000 bitcoin pre sale it's hits $1.5 billion market capitalization.


Described as a scalable, decentralized, modular, and no fees cryptocurrency what's so special about IOTA is it a good investment opportunity let's find out.


IOTA is a new cryptocurrency that claims to be a solution to the rapidly developing internet of things . It's takes a whole different approach compared to bitcoin and many other cryptocurrencies that utilizes the blockchain technology. It's highlight the facts that the traditional blockchain has many draw backs one of such is it's inability to make micro payment, the high transaction fee charged by miners which make no sense to transfering small amount as the miner fee is many times higher.

It's also claim that the heterogeneous systems of existing cryptocurrencies will inevitably creates unavoidable discrimination of some of their elements which in
turn creates conflicts and makes all elements spend resources on conflict resolution.

How's IOTA Different

IOTA is a blockchainless cryptocurrency which means it does not utilizes the blockchain technology instead it is designed to make use of DAG technology ( directed acylic graph) know as the tangle.
The tangle is a graph that will serves as a ledger for storing transactions and it's network is composed of nodes which are entities that issues the transaction that make up the sites that represent the transaction on the tangle graph.

This new technology makes use of simple version of proof of work PoW that can run on most device which is for a user to to successfully issue a transaction, you must first help approve other transaction at least two randomly chosen transactions.


5 Must Know Facts About IOTA

1. IOTA is a direct rival to bitcoin and many other cryptocurrencies that make use of blockchain technology can it's compete with them.

2. IOTA is the first cryptocurrency without a blockchain. It uses the tangle graph which is a new untested technology

3. IOTA aims to have no fees and it does not require mining, it does not cnsider block sizes and lack incentive among users to use.

4. IOTA seeks to be a crypto-application (currency for internet of things market) those items that don't really have an interface but might still benefit from internet connectivity suitable such as your toaster, coffee maker, fridge, smoke detector, and desk fan are all connected to the internet.

But on the other hand just like Bitcoin, IOTA could also similar competition from emerging rivals, based on the same ideas or slightly tweaked or even improved, versions of them.

Team behind IOTA project was not publicly displayed on their website but we learned the Co-founder is Dominik Schiener and one their active developer is Oliver Nitzschke who currently works for Pinpong a android development company

Should I Invest in IOTA

IOTA is good innovative cryptocurrency project you don't see this kind of crypto currency project often the developers has done a really good job trying to create something different ' The internet of things industry '

Many are saying Iota is a game changer well it's up if you have the guts to risk it just like some bitcoin millionare had a feeling that bitcoin would work, they bet big, and they won big.

Don't Buy into Hype

I've learned to give any new coin a week, they typically run high for 10 minutes, then the bottom falls out over the next 5-7 days, that's when you buy. I wouldn't touch it until then.

You can Visit their official IOTA.org or read their White Paper here.

Finally this is not any sort of investment advice, you should always do your own research before investing because this type of ICOs is a moon shoot it's either goes to the moon or goes to the ground, so take caution and good luck.



Hope this helps.

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