One of the biggest trend in cryptocurrency today is without doubt the concept of Initial Coin Offering (ICO). An Initial Coin Offering (ICO) is the cryptocurrency space’s equivalent to an IPO in the mainstream investment world.
The idea to presale coins of a cryptocurrency or token of a blockchain project, which eventually has evolved as a successful instrument to raise funds for the development of a new application.
Purpose
ICOs act as fundraisers of sorts; a company looking to create a new coin, app, or service launches an ICO. Next, interested investors buy in to the offering, either with fiat currency or with preexisting digital tokens like ether.
In exchange for their support, investors receive a new cryptocurrency token specific to the ICO. Investors hope that the token will perform exceptionally well into the future, providing them with a stellar return on investment.
The company holding the ICO uses the investor funds as a means of furthering its goals, launching its product, or starting its digital currency. ICOs are used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.
History
Most prominent however is Ethereum (ETH) ICO which lasted 42 days (July/ August 2014), the Ethereum Foundation sold 2000 ETH against 1 Bitcoin each (1 BTC was $2500 then). With this, they receive nearly $20 mln approx, which has become one of the largest crowdfunding ever and serves as the capital base for the development of Ethereum. FYI 2000 ETH now = $406,000 thats a phenomenal return in approx 4 years.
The legal state of ICO is mostly undefined. Ideally, the token is sold not as a financial asset but as a digital good like many other things.
Many ICO has been a lucky choice for investors. ETH, for example, was sold at 0.0005 Bitcoin and is worth today 0.05 BTC. Profit: 10,000 percent. The gain in value of 100 to 500 percent in Bitcoin is common for successful ICO. There are also some risk related to losses with some of the coins not hold the value with BTC.
Below I look into some of the hottest ICO currently running.
1. Zeon
Zeon are developing the world’s first unique tool for safe and highly liquid trading on cryptocurrency exchanges. The ZEON Trading platform is a decentralized and automated trading application for cross-chain trading. The ZEON platform places balances of ZNC tokens on cryptocurrency exchanges so that their users can receive an immediate “swap” simultaneously on several exchanges.
For more info please follow the below link which also contain the whitepaper detailing all the information on the ICO.
2. Tachain
Tachain is creating the platform for advertisers and advertising agencies. Every element of the platform will get benefits based on market conditions of supply and demand. Users of Tachain application – taxi or public transport passengers – will also get benefits.
Tachain is planning to create AdNet so that application users would be able to watch advertisements while driving in a taxi, public or any other transport and earn TCHN tokens for this. Advertisers will need TCHN tokens in order to get access to the platform and run their ads. Advertisers will pay app users TCHN tokens for watching targeted ads.
For more info please follow the below link which also contain the whitepaper detailing all the information on the ICO.
Each purchase of tokens comes with a bonus — and a lifetime premium quality service
3. QuickX
QuickX identifies the following problems, within existing blockchain ecosystems that can hinder the mass adoption of blockchain assets as a medium of exchange for day-today transactions: Time & Speed , Transaction Cost & Cross Chain Transfers.
QuickX aims to solve above the problems by building a decentralized platform that provides a solution to time, speed, cost and scalability by doing the transactions off the chain for same crypto assets and having pooling facilitators who are providing liquidity for cross-chain transfer of crypto assets.
They propose to build a backend exchange, and to provide payment API’s that instantaneously convert users’ cryptocurrency in a cryptographically secure manner.
For more info please follow the below link which also contain the whitepaper detailing all the information on the ICO.
Investors are set to gain between 5 to 15% bonus based on the sale period.
4. Memority
Memority is a blockchain-based platform for encrypted decentralized cloud storage of valuable data. The system automatically keeps 10 file copies on independent storages all over the world at all times. Files are encrypted with a private key obtained only by their owner while account is created. Nobody can see the data without first decrypting it with this key.
Each participant of the system receives certain opportunities:
- Data owner – can store data in an encrypted form in a decentralized and completely secure manner, paying for the storage with MMR tokens. Also, he can provide his disk space for data of other users, becoming a hoster, and receive tokens to pay for the stored data.
- Hoster – can receive MMR tokens for providing their disk space to users of the Memority platform to store their data.
- Third-party developers – will be able to implement their ideas and create their own applications, using the infrastructure of Memority, and receiving MMR tokens for this.
- Miner – receives rewards in the form of MMR tokens for supporting the working capacity of blockchain executing their authority (only 10,000 or more token owners can become miners).
For more info please follow the below link which also contain the whitepaper detailing all the information on the ICO.
Investors are set to gain between 20% bonus based on the sale period.
Token sale with 20% bonus is live now!
5. IGT-CRYPTO
IGT-CRYPTO exchange was created in order to develop the best service for trading cryptocurrencies. At present, it supports 4 cryptocurrencies: Bitcoin, BitcoinCash, Litecoin, Ethereum. In total, 14 pairs are already available for trade, including 4 cryptocurrencies and two fiat currencies (USD and EUR).
Features of the IGT-CRYPTO Platform
- A large number of currency pairs
- Availability of fiat currencies
- Guarantees of execution of applications
- Transparency to the client
- A new level of convenience
- Software integration with partners
- New level of community support
For more info please follow the below link which also contain the whitepaper detailing all the information on the ICO.
Token Sale is going on. Get the limited 12% bonus by purchasing tokens.
6. AgentMile
AgentMile is the world’s first decentralised commercial real estate leasing platform powered by AI. We enable brokers and landlords to list their commercial properties on our blockchain powered MLS and offer enhanced leasing capabilities, management and reporting.
AgentMile is built by AgentDrive, a suite of products for real estate professionals with over 1,000 agents in 20 Countries.
AgentMile is on track to revolutionize the commercial real estate industry. We aim to become the world’s first decentralized commercial real estate leasing platform powered by AI.
AgentMile’s adoption will allow CRE (Commercial Real Estate)brokerages to address the following challenges:
- Transform the property search process into an easy, quick and transparent experience;
- Simplify and accelerate the property and cash flow management;
- Help build connected real estate markets worldwide that would respond effectively to consumer and investor demand.
For more info please follow the below link which also contain the whitepaper detailing all the information on the ICO.
Token Sale is going on. Get the limited 3% to 30% bonus by purchasing tokens.
7. MonsterBit
MonsterBit is an analogue of famous cryptogame with interesting additions for both players. We did not reinvent the wheel. We took the successful project and made made it stronger from the point of view of functionality and more vibrant from the point of view of design. To the normal reproduction and a unique DNA, we have added the maturity of heroes at the expense of feeding them. Also, there were implemented many interesting features, which we are going to reveal further. It’s just a super cool clone of Cryptokitties with its own add-ons.
What gets the owner of the tokens GOD monsters. They do not grow and do not breed. They cannot be crossed. They generate the entire system. Initially, they can be bought only for tokens.
In the future they can be sold/bought in a special shop/market of monsters.
- They generate commission on purchases and sales of monsters by users. Monsters gain part of these commissions.
- They generate Monsters GEN 0 and also sell it for ETH.
- They generate all the food for monsters and sell it. I.e. the tokenholders will sell food for ETH to the users.
- They generate blasters and refills and sell them for ETH to the users
For more info please follow the below link which also contain the whitepaper detailing all the information on the ICO.
Those are some of the ICO currently running which provides an interesting opportunity to invest in new coins/tokens and also have a piece of the company and join their community. Some of them offer good returns just as investing in shares of companies.
This post will continue to provide information on new and upcoming ICO for all my fellow crypto junkies.
