What is an ICO? The term ICO comes from the words «Initial Coin Offering» — that is, the initial distribution of coins. A crypto-currency ICO is one of the ways of attracting investors’ funds by selling...
What is an ICO?
The term ICO comes from the words «Initial Coin Offering» — that is, the initial distribution of coins. A crypto-currency ICO is one of the ways of attracting investors’ funds by selling a certain number of new coins. Also, we sse the term «ICO token» also, and although these processes are conceptually similar, you should not confuse crypto-currencies and tokens. If the former are blockchain equivalents of money, the latter are reminiscent of securities, rather, they are obligations of one party to pay a certain amount of money to the other party within a specified time.
Acquisition of crypto-currencies or tokens by ICO is much more profitable than on an exchange. Their price will be much lower. But it’s important to understand the project. Before buying, you need:
- To study the white paper carefully;
- Look at the startup documentation and their web-site;
- To study the biographies of the founders of the project.
A few promising ICO’s to consider in 2018
Buglab is a blockchain system tester. It is based on the Ethereum platform. The project brings together different businesses and cyber-security experts with each other. The ecosystem is based on two existing programs: Buglab Contest and Vigilante Protocol, which help companies address threats to security and vulnerability. Buglab was founded by cyber-security pioneer Reda Cherkaoui, who formulated the basic principles of the project. Buglab will work together with many companies, financial institutions, and retail markets and offer their services to solve their problems. The Buglab Vigilante protocol is an intrusion prevention program that provides system security.
SansOx Development and Technologies was the winner of the Water Innovation Europe Award (WssTp). The goal of SansOx is to become a leading company among business projects offering technology solutions for water treatment. And they plan to achieve this because of their patented technology. SansOx has several products that are already working in Finland. Now the main task of the project is to spread their knowledge, skills, and, most importantly, the spread of clean drinking water around the world.
Amon provides users of the wallet the ability to convert any crypto-currency into real money in real time using artificial intelligence. Users of the service will receive many bonuses, and will also be able share a portion of the revenue from the company’s profits.
Amon wallet provides the ability to manage all accounts from one application with a user-friendly interface. You can make transactions from any of your accounts with it, which is very convenient. Also in the application there is an opportunity to make purchases. All you need is to have a phone or a special card. The founder is Daniel Izzo.
SCI is dedicated to international research, development, and implementation of stem cell therapy. The company is constantly expanding its network of laboratories, clinics, hospitals, and non-profit organizations. The ultimate goal of SCI is to create a convenient way to connect people who need special treatment with professional institutions. SCI represents a world in which every person, regardless of where they live, can instantly contact a specialist to solve their health problem. The general director is Moe Galal.
Ubex is a start-up that intends to solve the problems of modern advertising. At the heart of the Ubex algorithm lie neural networks that process information about each visitor to websites. They evaluate the interests of users and choose the most suitable advertising for them. This increases their effectiveness.
Smart contracts allows all parties to make relations transparent and minimize all possible risks. The founder of the startup is Artem Chestnov.
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