ICOs In Progress
|COMPANY NAME||LINKS||ACCEPTED CURRENCY||DATE OF ICO||DESCRIPTION|
|Simply Vital Health||ETH||Start: 20 Sep 2017
End: 20 Nov 2017
Health Nexus, developed by SimplyVital Health, is a blockchain-based decentralized healthcare protocol that empowers providers’ transition to payment-for-outcomes, regardless of clinical affiliation. It uses uses a Distributed Hash Table combined with an Ethereum base Blockchain to provide frictionless data sharing and access to new revenue streams. The goal of Health Nexus is to allow users to buy/sell/share medical data, HIPAA compliant data storage space, and computations space. This will be accomplished via an upgrade to data integrity and security system and the addition of an executive governance system for node validation resulting a entirely new protocol. Their current revenue generating platform in the market, ConnectingCare, is a realistic, practical utilization of blockchain technology. An intentionally simple introduction of blockchain technology into healthcare, this tool augments their current customers’ infrastructure using existing data to create care pathway flexibility, prospectively track financials, maintain immutable records, and accurately monitor analytics.
|AppCoins||ETH||Start: 6 Nov 2017
End: 20 Nov 2017
AppCoins is a protocol designed to revolutionise the App Economy supported by the Aptoide App Store, and the first ICO serving 200 million users with the goal of creating a trustworthy and open economy for app stores without intermediaries. It proposes to move to the blockchain three of the most critical flows of app stores: advertising, in-app purchases and developer’s approval. By redesigning the transactions inside an app store, creates efficiencies by disintermediation and redistributes the value released in a way that create incentives for the AppCoins supported stores dissemination. A cryptocurrency will be created to enable transactions based on the AppCoins protocol: AppCoin Tokens.
|TriForce||BTC, ETH, LTC, WAVES||Start: 11 Nov 2017
End: 25 Nov 2017
TriForce Tokens will become the industry standard on multiple gaming platforms offering player-to-player trading, anti-piracy and a unique first to market honorary system that rewards collaborative game play.
Our technology will give developers new revenue models, lower player attrition rate, player behavioural analysis and creates a new gaming experience for players where they can build a digital asset empire.
|STK Token||ETH||Start: 13 Nov 2017
End: 24 Nov 2017
STACK is a new personal finance platform, built on the idea that using your money should be free. Universally accessible, STACK is an alternative to traditional banking that allows you to store your money safely, access it instantly and transact with it anywhere, in any currency including crypto, right from your smartphone.
|VerifyUnion||ETH||Start: 18 Sep 2017
End: 3 Dec 2017
VerifyUnion is a decentralized Digital Identification and Trust Verification platform with a Social Scoring Engine. VerifyUnion encourages digital users to get verified and earn incentives in tokens (UC Coins) which can be utilized in the VerifyUnion Ecosystem.
VerifyUnion has developed a unique portfolio for all users, which returns a “True Value”. True Value comprises the combined values derived from verifying digital identification, social & public profiles, as well as financial details linked to the user’s unique profile. This platform allows users to provide essential information for required verification to be completed, and they can increase their portfolio True Value by providing additional data that the user and the one who Evaluates agree upon.
|Cashaa||ETH, BTC, USD, GBP & EUR||Start: 6 Nov 2017
End: 5 Dec 2017
Cashaa is a gateway to consumer-centric and affordable financial products aimed at consumer adoption of Blockchain without having to understand the technical details of Blockchain technology. Cashaa’s wallet system, integrated with the peer to peer exchange with full spectrum of fully digital financial services, enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.
|Hut34||ETH, BTC, NEO, LTC, DGE, FIAT||Start: 2 Nov 2017
End: 6 Dec 2017
Hut34 enables A.I., Bots, IoT, plus other data sets and services to interact and transact Entropy across any conversational channel.
WHAT EXACTLY IS AN ICO?
The rise of cryptocurrencies
It wasn’t that long ago that Bitcoin was a risky fledgling to be laughed at. Look who’s laughing now – the currency recently set an impressive new price record as the value of one coin surpassed $2000.
Since Bitcoin emerged on the scene in the late 2000’s, the entire ecosystem has verifiably exploded. Now that dozens of cryptocurrencies have pushed their worth into the eight-figure range, the pace of new players hitting the field is accelerating rapidly.
ICOs – the new IPOs
This batch of freshly minted coins has driven the creation of a new transaction type called the ICO – Initial Coin Offering. Think IPO – Initial Public Offering, the difference being that IPOs are for investors, while ICOs are for everyday supporters who want to want to invest in a new startup. It’s like crowdfunding with an expected return on the “tokens” you buy; hence it’s other name – Token Sales and Crowdsales. ICO listings (like this one), keep you informed of all the up and coming ICO projects.
How it works
Say a cryptocurrency startup wants to raise funds. They sell their future cryptocurrency (tokens), and you buy them (usually using Bitcoin or Eretheum). Essentially you are giving them cryptocurrencies of immediate value and in return they are giving you tokens of their new currency. The bet is that the application will be popular and thereby generate demand for the tokens, increasing their value and giving you a quick, strong return.
WHAT ARE THE POTENTIAL BENEFITS?
The industry is quite simply on fire. Inc.com recently reported “Initial coin offerings have raised over a billion dollars for early stage startups in the past year.”
The speed at which funds are being raised is incredible – a browsing and messaging app called Status.im raised $100m within 3 hours. Browser startup Brave raised $35m in under 30 seconds.
CoinSchedule cryptocurrency stats show that this impressive wealth creation seems to be doubling on a monthly basis.
What we’re seeing is growth in crypto technology that is easily comparable to that of the internet boom in the 1990s. A lack of regulations is allowing the ICO market to move and innovate quickly. In the current “Wild West” climate of crypto, backing a successful startup is highly lucrative. Potential supporters are browsing ICO directories like this one to choose which startups to back from the growing list.
Getting in on the ground floor
People all over the world are throwing in their lot with ICO sales with the hope of becoming a stakeholder in a startup that turns out to be the next Facebook or Snapchat. Over the coming years we will witness a huge number of traditional, archaic systems being succeeded by the block-chain-based solutions that are emerging now.
Low cost investment
Perhaps the biggest benefit to supporters is the low cost of the tokens. Plus, looking to the future, most exchanges will eventually enable trading of these tokens, where they can be sold for a profit if the startup is successful.
HOW DO I CHOOSE THE RIGHT ICO AND MANAGE RISK?
By thinking strategically and considering key factors you increase your chances of picking the right cryptocurrencies. The key is to determine which cryptocurrency startups address a real need and are not just a passing fad. When browsing our ICO directory, here’s what to look for:
The ICO project must make sense as a long-term business
Make sure the business idea is solid. Will this service still be needed in five, ten years time? Think ahead about how such an asset could provide value to certain people, companies or organisations. Is there a demonstrated demand for it? Is there a competing service that can easily out-perform this project? Importantly – is the business something that needs a cryptocurrency token system to work?
Committed and transparent developers
Do the developers appear committed? Can you easily find the names and images of the team? You’re better off with a group that is openly proud of their product. What else have they worked on? A team with experienced members who previously worked on successful projects is a good sign. If you can’t work out who is behind the project than ask yourself why.
Check the crypto currencies forum page on bitcointalk forums. Is there any buzz about this ICO project? What are people saying? Who else is investing? Who thinks it’s a winner? Who knows the developers? Most people who got into crypto early use the forums as it was the only way to keep up when mainstream media weren’t reporting on the industry. They’re still a great source of underground information.
You might be tempted to think that flashy websites and images can’t be trusted, but in this case the opposite is true. If the developers are serious about their product, they will have invested appropriately in professional branding and design. The more effort they put into the presentation of their service, the better. It should look like they are confident their product is a winner, so they have advertised it as such. And remember, you want other people browsing ICO listings to choose them too, so it needs to look appealing full stop.
Look for platforms, not features
Look at any ICO listing or directory and you’ll notice that many cryptocurrency projects out right now are feature-based projects, not platform projects. Look for a platform project that provides an end-to-end solution to a problem. Platforms can support a variety of apps, e-commerce functionality and other plug-ins. History shows us that feature-based technologies get replaced by platforms that incorporate those features (think Facebook incorporating messaging). If you invest in a currency purely based on features, all it takes is some innovation within Bitcoin or Ethereum and the same functionality will be added as a feature, which is likely to result in a crippling blow to feature-only cryptocurrencies.
While there’s no foolproof formula to find the best projects in the current ICO mania, avoiding the ones most likely to fail will keep you in the game. Follow the steps above to increase your chances of backing the tech industry’s next giants.