As the market settles into the last month of the second quarter of 2018, the cryptocurrency market is flooded with exceptional ideas and great projects. It is a great month to be involved in the ICO space as fantastic products and projects’ development periods are beginning to culminate and are getting ready for the market.
Here is a list of 5 top ICOs to watch out for this June!
FANTOM
The blockchain came about because of the need to remove the middleman or in many cases established financial institutions out of our monetary transactions. While many people are suggesting a complete switch to the blockchain because of its decentralised nature and the very fact that it is a peer-to-peer system, it is hardly realistic. This is because the simple task of paying for something could take up to 10 minutes due to the time the blockchain takes for block creation.
The Product
FANTOM is solving two of the biggest problems that are essentially holding the blockchain back; scalability and real-time transaction settlements. To do this, the team created a Directed Acyclic Graph called FANTOM. Despite advancement in algorithms, the main cryptocurrencies still process only one block at a time, which obviously is very time inefficient. What the FANTOM intends to do is split each block into smaller blocks called event blocks, in accordance with the Lachesis Protocol. By doing this, the platform assures instant transactions and makes sure that the time taken for each transaction is unaffected by the number of people on the network.
Token Sale Information
The FANTOM ICO or the FTM token sale is set to start on the 15th of June and end approximately by the 22nd of June.
Token Economics
| Token Name | FTM |
| Token Standard | ERC20 |
| Total Supply | 3,550,000,000 |
| Token Price | 1 FTM = 0.0400 USD |
| Cryptocurrencies Accepted | ETH |
OneLedger
The blockchain is suited for almost any business or enterprise that has a decent amount of cash-flow. But the adoption is still quite low. This is because for businesses and small-scale enterprises to move their daily working onto the blockchain would be disruptive, as it involves the scrapping of all their means of accounting and recording. To bridge this gap and make the transition easier for businesses from legacy systems and applications to the blockchain, OneLedger has come up with a product that integrates itself with commonly used business applications, which in turn aims to make the transition seamless and less daunting.
The Product
One Ledger is a scalable and universal cross-ledger protocol that is designed for businesses and enterprises, in particular, those that are trying to transition and adapt their working to the blockchain. Using the OneLedger product, businesses, enterprises and individuals can create their own private and public blockchains with their own network consensus and also create and maintain a community-owned digital wallet and credit system. To be applicable and usable for the industries that need to ensure permissions and control hierarchy, parts of the blockchain that are created can be made access and control-specific.
Token Sale Information
The OneLedger team is yet to announce definitive dates for their ICO. However, if the buzz is correct, it is expected to happen sometime over the next two months.
Token Economics
| Token Name | OLT |
| Token Standard | ERC20 |
| Total Supply | 1,000,000,000 |
| Token Price | |
| Cryptocurrencies Accepted | ETH |
Alchemint
Needless to say, the cryptocurrency market and its coins are very volatile. Their value in comparison to fiat currencies and each other fluctuate on a daily basis and sometimes the loss, as well as the gains, go unmatched. This volatility and the continuous fluctuations is one of the main reasons that the market is being called a bubble and a mimic, etc. The team at Alchemint is trying to connect the world of cryptocurrency with that of the fiat currencies and make the former hold some measurable stability in comparison with the other.
The Product
Alchemint is a decentralised price stable cryptocurrency management system that runs on the NEO blockchain. The currency employs a series of risk management techniques to make sure that the price of their coin is stable like; mortgaging of digital assets, the release of stable cryptocurrency, etc. The smart contracts that are used to mortgage digital assets in order to buy the stable coin ensure that the possibility of embezzlement is zero. The stable coin, like any other fiat or crypto coin, can be used to pay, store or trade.
Token Sale Information
The Alchemint ICO is scheduled to start on the 9th of June and end approximately on the 17th of June.
Token Economics
| Token Name | SDT |
| Token Standard | NEP-5 |
| Total Supply | 1,000,000,000 |
| Token Price | 1 SDT = 0.0800 USD |
| Cryptocurrencies Accepted | ETH, NEO |
Metronome
The leading cryptocurrencies in the market right now are Bitcoin and Ethereum. They are more or less the most valuable crypto coins out there, at the moment, and are recommended for all investors because of their stability in comparison to the other alternatives. But, as is the case with both coins, there is a set market hard cap, on reaching of which there will be no new bitcoins or ETHs in circulation. This particular feature of these crypto coins make sure that they will always have scalability issues and in turn affect their longevity. And this is what the team at Metronome are trying to solve.
Also, read our detailed review of the Metronome ICO – https://itsblockchain.com/metronome-bitcoin-core-developer/
The Product
Metronome is a new cryptocurrency. It’s token is called MET and the ideology and technology backing it up takes shortcomings and inadequacies of the cryptocurrencies before it and mends them. Metronome claims that its token will last for over a hundred years. The team has taken the three major problems that are faced by most crypto coins in the market, which are; scalability, longevity and speculation and has attempted to solve it in their coin. To tackle longevity, the MET will have a mintage to make sure that supply and the demand is met, to ensure scalability the distribution of the coin will be a more egalitarian process instead of exclusive and to rule out speculation that increases market volatility, the team has employed self-regulatory measures and self-governing contracts.
Token Sale Information
The Metronome team is not going the usual ICO route. They are, instead, having a public auction of their coin to make sure there is no chance of formation of a monopoly in their community. The auction is set to begin on the 18th of June. As for the end date, nothing has been declared yet.
Token Economics
| Token Name | MET |
| Token Standard | ERC20 |
| Total Supply | 10,000,000 |
| Token Price | |
| Cryptocurrencies Accepted | ETH |
NEX
Cryptocurrencies today are predominantly traded on centralised exchanges. The use of which puts users and investors at the risk of hacks and thefts and this is a commonly known fact. The main reason that centralised exchanges are used and preferred is their easy-to-use interfaces and clean outlooks. Decentralised exchanges or DEX’s are complicated to use, slow and are restricted on the blockchain. In order to bring down the risks that users face on a centralised exchange and to make decentralised exchanges easier to use, a team of developers have created NEX, a decentralised exchange for cryptocurrencies.
The Product
The problems most people face when they use decentralised exchanges are the following; they are unable to use their own national currencies to convert or buy, the exchanges are significantly harder to use and not all cryptocurrency blockchains are supported by a decentralised exchange, forcing users to use multiple ones. NEX is the first decentralised exchange that has solved all of the problems stated above. It promotes high speeds of transactions and high trading volumes at same speeds using an off-chain matching engine built with Elixir and allows cross-chain exchanges. NEX is the first decentralised exchange that can be used by a large number of users because of its ease and speeds at high trading volumes.
Token Sale Information
The NEX team has intimated no final dates for their ICO. But the grapevine suggests that it is scheduled to be announced and carried out sometime over the next month.
Token Economics
| Token Name | NEX |
| Token Standard | NEO BLOCKCHAIN |
| Total Supply | 50,000,000 |
| Token Price | 1 NEX = 1.00 USD |
| Cryptocurrencies Accepted | NEO, GAS |
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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