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What is the Cost vs. Upside of Creating a Cryptocurrency Startup?

In the game of Monopoly, it is a common game theory that you need money to make money. In most businesses, upfront capital is required to invest in, acquire, or build a bigger empire.

However, the invention of the internet turned everything upside down. The cost of creation is exponentially decreasing and the upside of innovation is increasing at scale.

Our expenses no longer have to be allocated to physical stores or expensive hardware. Instead, computers move the burden of cost away from capital intensive items to less measurable forms of currency: time, energy, talent.

In a value-based economy, rather than telling the world what your company is worth, you let the market decide your value. This new concept enables the fastest way to find out if your idea has a true need/demand and creates consistently aligned motivations and benefits over an ICO.

  • Expedites the process of finding out if your idea is worth building.
  • Decreases wasteful resources of time, energy, and effort.
  • Enables an immediately passionate community from day one.
  • Aligns your development roadmap with that of the token holders.
  • Creates a continuous feedback loop of external input and improvements.

The BOMB XIO Standard is a new and alternative system in which to launch ideas into the world, at scale.

Value + Market = Capital

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What is the Difference Between the XIO Incubator and YCombinator?

One of the most prestigious and successful incubators ever created is YCombinator; a Silicon Valley-based accelerator program headquartered in the tech capital of the world. Within 13 years Of its inception, YC helped many of the biggest companies in the world including DropBox, AirBnb, and Stripe; just to name a few.

According to their website, YC has helped over 4000 founders and 1900 startups have a total combined valuation of more than $100,000,000,000. Twice a year, thousands of hopeful startups apply to YCombinator with only a 1.5% chance of acceptance. All companies accepted into the Incubator receive $150k in exchange for a 7% equity stake in their company.

 

While current incubation systems have the ability to help the blockchain industry, the current infrastructure and incentives do not align with the decentralized world.

  1. Blockchain startups are more location independent, not always working out of a central HQ.
  2. The cryptocurrency market is 24/7, and does not often follow the typical 9-5 business day.
  3. Cryptocurreny startups have complex tokenomic models of value rather than traditional equity models.

We believe this alternative style of creation demands a new ecosystem to assist the development and growth of cryptocurrency projects.

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What is the Difference Between an ICO and an XIO?

On January 15th, we launched an idea into the world. Five months later, that idea turned into a $10M project.

There was no ICO. There was no external investment. We didn’t rely on capital and to this day, we have never spent a single dollar on marketing. The growth of this project validated the concept of an alternative crowdfunding options and began our exploration of how to help other projects do the same.

XIO introduces an alternative crowdfunding system to expedite innovation and align the incentives of blockchain-based projects:

Exclusive Incubator Offering

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What is Keeping Cryptocurrency from Going Mainstream?

While the blockchain industry is becoming more efficient as it evolves, projects and companies are facing additional and complex obstacles to overcome.

  1. Legal uncertainty when starting a blockchain project or company.
  2. Low liquidity options for projects with little amounts of up-front capital
  3. Market adoption through native and organic use-cases.
  4. Tokenomic models are not self-sustaining for long term success.

These are the areas we help with the XIO Incubator and the projects that are accepted.

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What is the Origin and Inspiration Behind the XIO Incubator?

Nine pages and 3500 words.

This is all it took to inspire a worldwide movement and quarter trillion-dollar industry. From idea to innovation, there was no request for funding, no investors, and definitely no need for an Initial Coin Offering.

What the originators lacked in funding, they made up for in value. What the developers lacked in marketing, they made up for with a deep desire for change. They were solving a problem, a real problem, and challenging the fundamentals of the world’s economy to the core.

There was only an idea, the execution of that idea, and the subsequent creation of value into the world. The Bitcoin Whitepaper from Satoshi Nakamoto in 2008 is the largest example in human history of how a value-based economy can work at scale.

Despite over $13,000,000,000 raised through Initial Coin Offerings in the first half of 2018, over 1000 projects are now dead with 81% of projects reported as scams. The race to innovation turned into a battle of marketing hype and artificial speculation rather than the creation of purpose-driven technology.

These are the problems we aim to fix and this is why we created the XIO Incubator. We believe in solving for X: the undiscovered, underdeveloped, and unresolved obstacles within the blockchain industry.

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