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In Which ICOs It’s Worth to Invest in 2018

Blog • 5min read
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Zinchuk Dmytro

Writen by Dmytro Zinchuk

@DmytroZinchuk
Published on 7 June 2018

In Which ICOs It's Worth to Invest in 2018

ICO investment is picking up steam. As major investors continue to move into the crypto marketplace, we take a look at the top ten companies using blockchain technology who are in ICO or pre-ICO stage. The main aspects we look for in a project is a unique use-case, a solid team and a minimum viable product (MVP). In this roundup, we highlight some of the most promising and innovative ICOs.

Coinweb

For those who think a 34 character hash function isn’t a user-friendly way to make payments, Coinweb (XCO) are creating a multichain token platform which adds functionality to mainstream cryptocurrencies. One key feature is the ability to create human-readable addresses that are as easy to use as an email address. The platform will also provide a decentralized exchange for users to send their tokens without trusting them to a third party.

Coinweb’s Director of Operations Lexi Willetts was previously the COO of social network Wistla and Head of IP Registration Unit at FIFA for three years. The pre-sale starts on June 11 with two billion tokens for sale. The platform which will work across Bitcoin, Ethereum, Ripple, and Litecoin is also mineable with 1.68 billion tokens able to be created.

Younk 

Younk is the first blockchain-based community label where artists get noticed and supported directly by the community. Its priority is to modernize the music industry and make sure artists get heard, and community is actively involved in funding the up-and-coming hits in exchange for partial ownership of the end product. This way, the project changes the way hits discovered and who shares the profit from its' success.

Today's music industry is monopolized, centralized and inefficient, and Younk is on a mission to fix it. The platform gives access to $17 billion music industry for both artists and community. Each and every creative product on the platform is community funded and collectively owned. It works as follows: talent uploads a demo and allow the community to listen, rate, and vote with tokens. Successful demos will then be produced, released, and promoted — and the resulting revenue will be distributed via a smart contract.

Younk's Don Grierson, Andrey Dakhovskyy, Liza Yasko speaking at NEXT BLOCK Conference

Deep Aero

It’s rare to find a project that is so forward-looking that it’s preparing for a world that we cannot see yet. Deep Aero (DRONE) believe that drones will change our societies by providing more economical deliveries, surveillance and even passenger flight. They recognise that drones will need to be connected to each other in order to avoid crashes and are using blockchain technology to do so. This project may be flying under the radar for now but as Amazon step up their use of drones, they are set to hit the mainstream.

Deep Aero is led by Gurmeet Anand, who was the President of Anand International for 22 years. Their marketing advisor is Sydney Ifergan who is also the CEO of The Currency Analytics who provide expert knowledge of the cryptocurrency space. The tech team is made up of ten individuals with skills from automation testing to blockchain engineering. 

Goldma

Based on the Waves platform, Goldma (GMA) seeks to differentiate itself from the variety of gold-backed coins in the marketplace as the coin is backed by the profits from their Goldchip Investment’s goldmine. The tokens represent 5% of the net profit royalites from their gold mining production in Zimbabwe. This means that the project is not connected to the demand or supply of gold but to the success of the goldmine. This makes it much cheaper and more efficient for anyone interested in the current ICO investment. 

The pre-ICO starts on June 7 and the main ICO — on July 12. 45% of the funds raised will go towards equipment and other uses include consulting, development and buying gold. Goldma will sell the gold they mine and turn this money into Ethereum. They will then send Ether to investors who hold the GMA token.

Elysian

A decentralized platform to build e-commerce sites on the blockchain, Elysian aims to introduce major efficiencies to the e-commerce market. They have set out plans to use AI and VR technology to allow consumers to shop from home in a user-friendly environment. Blockchain will be used because it allows for efficiency, security and scalability. It also prevents the double spend problem which can cause customers to spend their money twice on a single purchase.

Their platform is set to use a Proof-of-Authority consensus mechanism which allows for important user data, such as credit card details, to be kept secure. It will also use atomic swaps so that users can convert and use whichever tokens they like. The ELY token is an ERC20 token running on the Ethereum blockchain with only 15% being generated in their token generation event (TGE) and 4% in their pre-TGE. The majority of the ICO investment funds will go towards development and marketing.

Elysian Moon Program

Etheal

Etheal is targeted at the healthcare industry for tourists. This is an important industry because many tourists are taken advantage due to lack of knowledge and options when they need care. They offer the user a 40-60% discount on medical care in any country. It is based on a centralized solution that has been built over the last four years and blockchain technology is set to increase efficiency and reduce waiting times for users.

Their advisors include a previous Professor of Psychology at Harvard University, the CEO of Transform Group International and a previous Finance Minister of Hungary. Also on the list are a previous Client Services Manager at HSBC and Barnabas Debreczeni, miner of the Ethereum genesis block. The ERC20 utility token HEAL will be used as an internal currency on the site and for profile validation.

Multiversum

This ICO is almost finished but is a fascinating project. Not only does it offer high throughput and fast speeds, comparable with Ripple (XRP) but they are building a brand new type blockchain with a multidimensional structure. Unsatisfied with a simple listlike chain, the relational blockchain allows for splittable chains and sort much more complex data. They argue they are creating blockchain 4.0.

They offer a multicurrency wallet providing support for multiple coins and tokens. Users can use fingerprint recognition instead of passwords. The purpose of the cryptocurrency is to provide a data storage management system that can handle complicated and interconnected pieces of data. This allows it to record series of data, not just individual transactions.

The ICO for Multiversum (MTV) ends on June 24 and they are offering 76% of the tokens for sale. Three quarters of the budget will go towards operations and development as they aim to create such a unique type of blockchain. Also, any undistributed tokens will be airdropped to token holders once the ICO investment finishes. 

Trippki

Trippki is using blockchain technology to make the travel economy more efficient. By rewarding travellers with ERC20 TRIP tokens they are able to encourage cryptocurrency payments saving hotels money and reducing booking fees. They are currently in pre-sale and their token sale starts on July 2. 45% of their proceeds is designated to marketing meaning that they recognise the importance of widespread adoption. If the rewards encourage the token to take off, it could stimulate the travelling economy and will show a real-world use case of blockchain technology. 

Cofounder and CCO Mark Croston was the Commercial Development Director at Travelport, a travel commerce platform providing distribution, technology and other solutions for the travel industry. Advisors include Dan Eve who was the Head of Operations at CommerceBlock which launched in April and Charles Whitmore, a technology leader who was Head of Engineering at Winnow, an IoT based startup.

Searching for hotels on Trippki's website

Entry

A bridge between the old methods of banking and the new payments of cryptocurrencies, Entry acts not just as a bank but also as a crypto exchange. It offers payment services and cross-border transactions but also enables users to use ATM withdrawals. Last year, they conducted meetings with card issuers to provide MasterCard or Visa cards for users and invested more than €1 million to further development of the platform.

An ERC20 token, ENTRY is currently in its ICO until August 31. 55% of the tokens are in the ICO, 20% for the team and 5% for the advisors. The majority of funds will go into business development, research and marketing. In the final quarter of this year, they will change their money institution license to an Electronic Money License or European Bank License and next year, will expand services worldwide.

Kleros

Directed at the legal system, Kleros uses blockchain technology to connect users with disputes to jurors who can settle them. This is set to drastically speed up legal systems which are known for their inefficiencies and slow pace. The software draws a tribunal from the set of users and they evaluate evidence and cast their vote. The final decision is enforced by a smart contract, taking legal disputes into the private sector.

The Pinakion (PNK) token will provide jurors with an incentive to vote honestly and shows a unique use of the cryptocurrency incentive system which is commonly used to validate transactions. The team will distribute 1 million PNK using an IICO method backed by Vitalik Buterin. In this system, the value of the token will be determined by the market, following a number of rounds where participants will make bids and adjust their valuations. The advisory team includes Mitchell Loureiro who is the CMO at SingularityNET and was the Vice President of Marketing at Steemit.

Conclusion

Each of these blockchain projects look to use the advantages of blockchain technology in real-world use cases. Every team has a solid backing and some have very high profile advisors supporting the projects. Some have shown innovation in changing the consensus model for cryptocurrencies or altered the blockchain structure itself. All of them showcase how cryptocurrencies are set to alter the way we do everything, from financial transactions to adjudicating legal disputes. 

 

Disclaimer: The data and information contained herein is not intended to be an ICO investment advice. A reference to a particular venture is not a recommendation to make any investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment professional.

 

 

Published on 7 June 2018
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