If you have been inspired with the incredible growth of cryptocurrencies over the years, you should definitely get yourself informed about initial coin offerings (ICOs), which is a new way for blockchain startups to raise funds for a new project and for investors to get involved in the awesome world of cryptocurrencies. Let’s find out more.
Bitcoin was founded a few years back as the first cryptocurrency that truly utilized the concept of the blockchain technology for creating a convenient and affordable platform for cross-border transactions. However, even Bitcoin didn’t grow in the matter of a day or even month.
It took almost 8 years for the coin to get recognized for its worth. The invention and significant rise of Bitcoin proved that it is here to stay. And soon, Bitcoin investors and developers started to realize that the blockchain technology is not limited to the world of cryptocurrencies.
Blockchain, which is the underlying technology of Bitcoin and many other crypto-coins that came after it, is a decentralized network of transactions that can hold, manage and verify almost every kind of digital asset transaction.
This effectively creates a demand and applications of this technology in a number of industries. Based on this fact, many new startups have been today working on creating decentralized appsupon the blockchain platform. But where and how does ICO fit into all this? Let’s see.
What is an ICO?
An ICO, or initial coin offering, is a crowdfunding process for blockchain startups to raise funds for their new projects. An ICO project must be blockchain-based and have a token to support the sale.
An ICO works similar to a traditional crowdfunding sale where interested investors, and the even general public, can buy the tokens in exchange for ETH or BTC or any other crypto or fiat currencies that the company is accepting.
If you are planning to invest in an initial coin offering this year, you might be interested in this list of the top ICOs to watch out for in 2018 that was accumulated through a lot of research of the industry trends and demand. Here you go.
Top 7 ICOs for 2018
Crpherium is a project that is being run by a number of tech enthusiasts and developers from leading technology companies like Google and Amazon. The project revolves around a new kind of blockchain that is permissionless and highly scalable. The project aims to remove the scalability issues completely from the blockchain domain so that it can become mainstream and can be used by anyone easily for their personal and professional growth.
As the developers claim, this is a very unique project that not many teams can build.Crpherium intends to develop a blockchain with a unique multi-level governance design.
TheQravity platform has been developed by some young minds with the hope to provide content creators and entrepreneurs with a comprehensive platform to collaborate for content creation and monetization from their efforts. The underlying blockchain technology ensures that the creators have complete control and ownership of their content and the ability to connect with potential customers for selling the content. The blockchain benefits include security, reliability and decentralization.
TheQravity app provides support for a range of content types, including written content, music, videos and more. In addition, the platform can also be used for collaborating with other users to create more innovative content based on specific consumer demands.
As the name suggests, it is a “multi-chain” blockchain project that allows interaction between different blockchains. As of now, the platform supports the top 5 blockchains namely, Bitcoin, NEO, Ethereum, List, and Waves. Now, how does that work?
Well, it works more or less the same as you transact on a single blockchain, besides the fact that transactions can now be performed between chains. This has several applications in a real world. For instance, an ICO will be able to accept payments in any coin/token they see fit, create and run an ETH contract without ETH payment, and so on.
If you have been anyactive in the ICO world this year, you must have definitely heard about this project. It is a kind of very common project that no one thought of until someone did. This is, in fact, not a very new project, but has been running since 2015, providing a decentralized platform for the automation of various steps involved in the renting process. It can be used by both tenants and landlords for finding and connecting with each other. The blockchain smart contracts expedite the legal process involved in renting.
Rentberry platform also effectively removes the need for rental security deposits since the smart contract binds all the involved parties with an agreement that cannot be broken.
It is a decentralized travel community and review platform, first of its kind. It lets users share their travel reviews while giving them the opportunity to profit from their content in many ways.
Filo TechFilo tech is a Singapore-based technology firm that presently provides a centralized ridesharing platform for drivers and consumers. The company is working on building a decentralized blockchain that can be used by service providers to connect with their consumers.
It will also launch a series of decentralized apps (DApps) in a number of industries to create an ecosystem of services which will effectively remove the agent system that presently nominates our service industry.
Apart from a decentralized ride-sharing app, Filo will create and launch DApps in the fields of food delivery, medical services, plumbing, renovation, private hiring, aircon, maternity and concierge services. The sale for Filo tokens will be held during a special ICO event in 2018.
It is a content engagement project that aims to increase user engagement with the online content. In short, Merculet rewards you for keeping your attention focused on a specific content and engage with it in various forms, including like, comments, share, etc.
So, here’s the list of the 7 top innovative ICO projects that we have seen in 2018 so far. If you have any other project in mind, feel free to share in the comment box. Do your research before investing in an ICO.