Top 5 Crypto Projects backed by Real World Assets

September 8, 2018 by Hitesh Malviya

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Top 5 Crypto Projects backed by Real World Assets

Aeternity (AE):

Aeternity is a platform for dapps that is focusing on increasing the scalability of dapps and smart contracts. The network achieves this moving smart contracts off-chain making them run on private state channels between the involved parties.

Aeternity is an open-source, public, blockchain-based distributed computing and digital asset platform which further develops the decentralised cryptographic peer to peer technology.

How does it work?

Aeternity provides a virtual machine that can successfully execute smart contracts thereby allowing the execution of credible transactions without the need for any third parties. The blockchain’s most innovative development is the state channels which are used with an idea similar to that of payment channels. This design allows the off-chain verification of smart contracts and data and therefore permits a high transactional throughput.

Some of the use cases of the network include nano and micro payments, supply chain management, information markets, toll API, cross-chain atomic swaps, insured crowdfunding, assets and portfolio replication, etc.

Partnerships and Roadmap

The network was launched in test nest in 2017 followed by the beginning of its core development in 2017 Q2. The Aeternity apps were launched in 2017 Q3. The Security Audit was started in 2018 Q2 and the Main net launch will soon follow.

Token Value Information

Total Supply: 273,685,830 AE
Circulating Supply: 233,020,472 AE
Market Cap: $251,179,046 USD
ICO Price: $0.697 USD
Current Price: $1.08 USD

Bytom (BTM):

Bytom is a blockchain protocol specifically designed for the financial and digital asset applications. The network allows people to register and exchange digital as well as real-world assets.

The Bytom network is working to eliminate the gap between the physical and the digital world by building a decentralised network where both physical and digital assets can be registered and exchanged. Bytom classifies the assets into income assets (the non-performing assets such as local government investments), equity assets (which require investor verification for transfers such as shares), and securitised assets (which have predictable cash flow such loans and debts).

How does it work?

With Bytom, users can trade all three types of assets on-chain with no middle man. All the records are kept on the transparent and immutable Bytom blockchain and there is no single point of failure since the assets are distributed into worldwide nodes.

The platform works on the application, contract, and ledger layer. The first one allows communication between a client and an end-user. The contract layer contains the Genesis contract which issues and audits other smart contracts on the network and the General contract which facilitates the trade of assets between participants. The third layer is where the network connects to the blockchain on a PoW consensus algorithm.

Partnerships and Roadmap

Bytom is working in partnership with highly-celebrated institutions and companies to build a multivariate ecology. It is partners with gate.io, Huobi, Bitmain, Wanchain, HitBTC, KuCoin, Superbloom, Bibox, etc.

The project was established in 2017 and the test nest was released in September of same year followed by the launch of the main net in April 2018. The smart contracts were launched in July 2018 with some improvisations on the main net.

Token Value Information

Total Supply: 1,407,000,000 BTM

Circulating Supply: 1,002,499,275 BTM

Market Cap: $194,221,917 USD

ICO Price: $0.285 USD

Current Price: $0.193 USD

Also, Read Top 4 Blockchain Conferences in 2018

Chainlink (LINK):

Chainlink is a decentralised, oracle service network which provides reliable, immutable inputs and outputs for complex smart contracts on any blockchain. Chainlink allows users to use the network’s oracles to draw off-chain data and integrate it into the blockchain.

The network is working to reduce the gap between on-chain and off-chain ecosystems.

How does it work?

Chainlink’s first component is the on-chain contracts that are deployed on the Ethereum blockchain. These are responsible for matching the requesting contract with the appropriate oracle. The second component is the off-chain oracle nodes which are connected to the Ethereum network. These are responsible for collecting the requested data from the off-chain resources.

Partnerships and Roadmap

Chainlink is working with Town Crier, the Origami Network, Open Money, and Zeppelin. The project held a successful ICO in 2017 and is claimed to launch its main net in 2018.

Token Value Information

Total Supply: 1,000,000,000 LINK

Circulating Supply: 350,000,000 LINK
Market Cap: $94,256,910 USD
ICO Price: $0.189 USD
Current Price: $0.269 USD

Power Ledger (POWR):

Power Ledger is a blockchain-based project that facilitates the decentralised buying and selling of renewable energy. Through the platform, consumers get access to a multitude of markets around the world giving them the freedom to choose the source of their electricity.

Power Ledger is working to provide everyone a low-cost, renewable, and reliable electricity.

How does it work?

Power Ledger works on two blockchain layers and utilises two coins. The Power Ledger coin and Sparkz both are used within the ecosystem but with different functions. The first one gives the application host and participants access to the platform. The second one is purchased and redeemed using fiat currency.

The network has developed three products:

xGrid: which is p2p electricity trading across the regulated electricity network.
Power Port: the electric vehicle metering and settlement
uGrid: p2p electricity trading behind the regulated electricity mastermeter.

Partnerships and Roadmap

Power Ledger has partnership with Vector—New Zealand’s energy company. Also, it has partnership with Nest Energy, Tech Mahindra, and Greenwood Solutions. It also works with Origin Energy, Bancor, and National Lifestyle Villages.

The network held its token generation event in 2017 Q3 followed by application development in Q4. In 2018 Q1, the network began the distribution of growth pool and will host a first asset germination event in Q3. This will be followed by Beta Test of new applications. In 2019, the network will make a transition to a public blockchain.

Token Value Information

Total Supply: 1,000,000,000 POWR
Circulating Supply: 379,919,031 POWR
Market Cap: $70,007,845 USD
ICO Price: $0.063 USD
Current Price: $0.184 USD

WePower (WPR):

WePower is another blockchain-based green energy trading platform which allows for optimal resource utilization. It fuels the renewable energy production by allowing developers to sell their energy production up front as smart energy contracts.

The platform allows for energy tokenisation that contributes in simplifying the existing energy investment ecosystem. The platform can ideally be used for raising capital by selling energy upfront without any need for a middleman.

How does it work?

Once a renewable energy producer is connected to the platform, all of their future production is tokenised. When they require capital to finance their projects, they can choose to sell a portion of their produce to the WePower platform.

Partnerships and Roadmap

The WePower idea was developed in January 2017 and the token public pre-sale was held in October the same year. The platform was launched in March 2018 after a successful token sale in February 2018. In August 2018, the network will launch in Spain followed by distribution of donated energy to token holders in September.