The main reason why companies spend ICO is to collect funds for the development of their projects. At the same time, ICO provides a closer link between the company and investors. Buying tokens, users contribute to the development and development of the blockchain – they finance it and use tokens, in some way “reviving” this network. In addition, the launch of the ICO project allows digital tokens to “see the light” and create some liquidity for them before they become publicly traded.
ICO promoters include celebrities such as boxer Floyd Mayweather, Paris Hilton hotels successor and actor Stephen Seagal, although the US SEC has taken very harsh sanctions against some of them for violating American laws.
10 most promising ICO in 2019
EndChain: Logistics has always had problems. In essence, this is an attempt to connect individual manufacturers, suppliers and transport companies. EndChain has developed such a blockchain, which will help to unite them in the supply chain. The company believes that a decentralized network will help make supply chains more efficient and cost-effective.
BBXC Bluebelt: Now Asia has become a leading continent in terms of digital currencies, mining and blockchain innovations. Bluebelt proposes to create a number of exchanges throughout Asia, aiming at a market with a capitalization of $ 4.46 billion. It seems that this ICO has fantastic chances of getting good results if these exchanges seek liquidity and take care of security.
ChainZilla: In recent years, the word "blockchain" has become fashionable among developers, companies and advertisers. While many companies are simply trying to take advantage of this hype, there are many who really intend to use this technology. Startup ChainZilla just provides developers with this opportunity. Comprehensive end-to-end service of this platform provides those who wish with the necessary tools to develop and launch their own blockchains, dapp and even ICO.
Proof of TOSS: The online gaming market has now been capitalized to more than $ 50 billion, but the industry seems to be plagued by transparency issues. Despite the fact that regulators seek to ensure the integrity of games, many operators use the secret codes of random number generators. Proof of TOSS wants to make this industry more transparent with a p2p solution that uses smart contracts to regulate rates. This approach helps to eliminate disputes and accelerate payouts, helping to solve the problem of transparency in online games.
Doctor Smart: Access to medical data of patients became a big problem in 2017, after databases of hospitals around the world became the victims of the WannaCry attack organizers. Doctor Smart provides a secure and decentralized way to store medical records, and also gives patients the ability to manage their own data. Self-managing medical records helps restore trust in the health care system, which can also benefit ICO investors.
SaTT: The main idea of this ICO project is to protect the integrity of data – in particular, online advertising. A network based on smart contracts intends to protect advertising from hacking or disruption — so that consumers do not receive information or links that are misleading.
Guarium: The turnover of online stores around the world reaches more than $ 2.7 trillion per year, and the system itself is quite effective and reliable. Guarium platform offers not only automation and improvement of many important processes in this sector, but also an internal payment system that will provide security for buyers and sellers.
HubrisOne: It seems that innovations in the banking sector always have a chance of success, while already 15% of the world's financial institutions are somehow involved in the use of the blockchain. HubrisOne offers a mobile application that is aimed at combining banks and cryptocurrencies , as well as building trust between them.
DecentraX: Scalability remains the main problem of many blockchains. Although Ripple is committed to transactional performance like Visa and MasterCard, blockchains are still less competitive on an industrial scale. DecentraX aims to make a difference with DCX Minmaster chips that can process hashing algorithms more efficiently, bringing the TPS to more than 1 million.
Azbit: Trading will always remain a strong market for investment, and Azbit startup strives to make investment processes smoother. Their decentralized platform will store the quotes data in the blockchain, which will eliminate conflicts between brokers and traders. In this ICO, it is also attractive that a startup has a European banking license, which may indicate that there is a certain legal basis for the activities of this startup.
What to consider when investing in an ICO?
As you know, ICO has had a lot of problems lately. Nevertheless, there are many reasons to invest in cryptocurrency startups. However, when making an investment decision, the following advantages and disadvantages should be considered.
pros
Getting into the “front row” of a promising project is a good idea, since digital tokens will then cost you much less compared to later investment.
Modern ICOs are very diverse. Since the developers have seen the potential of the blockchain besides cryptocurrency, the technology has found its application in many areas, and this will most likely allow you to find an ICO "like" and take some positive impulse.
Another positive point is that ICO investments do not represent paperwork as with traditional financing. All you really need to do is buy tokens that serve you as a reward for supporting the project. And you have a chance to buy them cheaper and sell more.
Minuses
The biggest disadvantage of an ICO investment is risk. The market is volatile, and you never know the actual intentions of a newly minted company. Therefore, you should always exercise reasonable caution – especially with the amounts of your investments.
Even if the ICO has a good whitepaper, the theoretical plans of start-ups and reality can vary greatly. In other words, the project may begin with positive intentions, but face unexpected problems. You are not able to foresee this, but it is with such moments that the risks of investing in ICO are associated.
Publication date 01/29/2019
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