With the crypto-economy fluctuating every second, startups have found a clever way across the funding barrier they all face: Initial Coin Offering (ICO). Investors want to invest in the new, Startups want to bring in the new – ICOs bridge the gap between the two, even if it’s an unregulated manner. With only their idea poured out in a white paper, a percentage of the cryptocurrency is sold to early interested backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin or Ethereum.
The whitepaper usually states what the project is about, what need(s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the virtual tokens the pioneers of the project will keep for themselves, what type of money is accepted, and how long the ICO campaign will run for. Following this as the ICO begins; enthusiasts and supporters of the initiative buy the tokens and essentially fund the project that is yet to come. This article is a compilation of the top 5 upcoming ICOs you should watch out for if you are looking to invest your money in a good place.
It is a platform that has been created to empower anyone and everyone to build their own crypto hedge fund. Catalyst offers off-chain solutions to enable users to make fast cross-chain transfers while maintaining full custody of their assets. It has two core components (to be built sequentially over the next three years), provides crypto-relevant data and research tools for quantitative traders to build, test and master investment strategies. The first component is the Quant Trading Platform which enables quants to be built and master trading strategies. The second is a data market place for crypto-financial data which enables community participants to offer valuable data sets to the quants in exchange for Catalyst Tokens.
The Enigma Project is the long-term vision of a team mostly comprising of MIT graduates to build an open data marketplace for all types of data. Currently, it is well backed by Floodgate, FlyBridge Capital Partners, Converge, Heroic Ventures and Digital Currency Group.
With the alpha version of the platform already released, the project is much ahead of schedule and the ICO will begin on 11th September 2017 with 50% of the fixed supply of 100 Million Tokens to be made available in the initial token sale (only to be used for operations). The Engima Project has huge market potential banking on a promising leading team and advisors and the fact that the idea solves a topical major problem in the crypto-trading world.
The Kyber Network is a decentralized and trustless exchange that facilitates instant conversions between crypto-assets. This network aims to enable Ethereum addresses to receive payments from any kind of blockchain and to convert and exchange tokens in a secure and instant way. With lower trading costs, trustless exchanges, instant trades, liquid transactions and a platform that is secure against attacks – Kyper Network is the only exchange that offers all of these qualities as opposed to others which offer only some of these.
This project led by Loi Luu, a researcher specializing in cryptocurrencies, smart contract security, and distributed consensus algorithms, and advised by major industry players like Ethereum’s Vitalik Buterin, among others, also allows for proxy payments, derivatives, and cross-chain payments. It’s based on-chain for better security and other decentralization benefits.
Though the token sale date and the hard cap are yet to be finalized, it is being estimated that the Kyber Network ICO will begin by the end of Fall 2017. In August 2017, the Kyber Network plans to launch on a testnet, in preparation for the full mainnet launch in Q1 2018 and by early 2019, Kyber Network hopes to support cross-chain trading.
An ERC20 token designed for the purpose of legal and licensed betting on esports matches and tournaments, UnikoinGold provides entry to a new version of the existing Unikrn spectator betting system. Unikrn already runs a fully regulated and licensed esports betting platform running on Unikoins. They have reward-paying raffles as a means of liquidation. In fact the company also holds licenses to conduct real-money wagering in Australia and the Isle of Man, with several other pending jurisdictions.
Founded by Rahul Sood (creator of Microsoft Ventures, founder of VoodooPC which was acquired by Hewlett-Packard) and Karl Flores (previously co-founder and CEO of Pinion), and through its partnership with Tabcorp, Unikrn employs industry-leading practices and technology to handle account verification, KYC, anti-money laundering, problem gambling, et cetera.
The UnikoinGold crowdsale preregistration ended on 15th August 2017. The presale will be held from 8th to 18th September 2017 and the official crowdsale dates are yet to be announced. The crowdsale will see 20% of the 1 Billion tokens up for sale. Unikrn has previously raised $10 million from investors including Ashton Kutcher, Mark Cuban, Shari Redstone, Elisabeth Murdoch, and others.
Despite massive growth, cryptocurrency markets remain illiquid, fragmented, and open to hacking. Omega One, coming later this year, will solve these problems by providing a decentralized automated execution platform that trades across the world’s cryptocurrency exchanges, shielding members from risk and reducing the costs of trading.
Omega One is the newest cheap and safe way to trade cryptocurrencies and tokens. The Omega One has a trading protocol which is mediated through their crypto token – the Omega Token. The members on the platform will use tokens to pay fees, get fee discounts, and trade on preferred terms in the private dark pool. For increasing liquidity access, upgrading trading intelligence, and increasing decentralization, the fees will be reinvested. Omega One aims to be a utility for the crypto markets by making trading cheaper, increasing overall liquidity and enabling further market evolution.
The Omega Token will launch later in 2017.
Cindicator has been conceptualized in order to create a social and technological infrastructure that is needed to make effective decisions under the conditions of the high uncertainty of the new economy. The team has taken initiative to gather and combine a large number of diverse financial analysts and a set of machine-learning models into a single system to launch a hybrid Intelligence infrastructure for the efficient management of investors’ capital in traditional financial and crypto-markets.
Developers of the Hybrid Intelligence platform, Cindicator uses millions of decentralized predictions from non-professional analysts and machine learning algorithms to provide hedge funds and institutional investors with precise forecasts. Led by CEO Mike Brusov, Cindicator has already announced raising $500k as their seed funding.
For the token sale to be held from 12th September to 12th October 2017, they have set a hard cap of $15 Million and have planned to issue 100% of the Ethereum ERC20 tokens.
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