2017 ICOs Boom, and There’s More To Come

Blockchain, FinTech, ICO News, Innovation, Investing, News, Regulation | August 15, 2017 By:

Anyone paying attention to the cryptocurrency space knows that initial coin offerings (ICO) are booming.

So far this year, a total of $1.25 billion USD has been raised through ICOs, according to the Coinschedule.com website tracking. That far exceeds the $96.3 million in ICOs for all of 2016, and also has surpassed earliest-stage angel and seed venture capital issued this year.

While some have wondered whether the boom will result in an eventual crash, there’s no denying it’s currently fueling enormous growth. Companies like Tezos ($232 million ICO), which has created a protocol for self-amending blockchains, and Bancor ($153 million USD), a utility for smart tokens, have raised huge sums.

For the uninitiated, an ICO is an unregulated means to raise funds for a new venture, usually without giving up equity. A token is created and is sold to backers, who then get rights and privileges within the token’s ecosystem. If the token is listed on an outside exchange, it can be sold for fiat currency or other cryptocurrencies. The hope is that the backed venture gains traction, making the tokens escalate in value.

Of course, most ICOs are speculative ventures. It’s possible that the backed project never advances beyond the white paper stage, making any token purchased worthless. The US Securities and Exchange Commission has taken notice, and recently issued guidelines for ICOs, indicating many of them are securities, and thus have to undergo the processes of review and approval that any other security would experience. The guidance already caused one exchange to bar US customers because of the added paperwork and scrutiny, thus marking a potential end to the wild west days of coin offerings without official oversight, at least for US customers.

BlockTribune takes a look at some of the upcoming ICOs. Note that we do not endorse any particular project, but merely offer information on its availability.

FALL 2017 ICOS

Reality Clash (RCC): Reality Clash claims to be the most comprehensive and advanced social augmented reality combat game in the market, backed by the etherum blockchain. The team behind Reality Clash have worked in games for decades and been involved in many hit titles from Activison, Disney, UbiSoft and Microsoft. A working playable demo has already been developed. Following the token sale, which will start on August 29, the funding will be used to develop the game to an MVP (minimal viable product) and a soft launch in Q3 2018.

Ambrosus (AMB): Combining high-tech sensors, blockchain protocol and smart contracts, they are building a universally verifiable, community-driven ecosystem to assure the quality, safety & origins of products. Food & Medicine are life-essential products, but because of the way today’s global supply chains are run, most of us do not know what we are really getting when we consume food or use medicine. At the Ambrosus project they aim to radically improve the global supply chains by creating a trusted ecosystem where we can reliably record the entire history of products and execute commercial transactions accordingly. They seek to enable a more secure and autonomous supply chain, improve distribution processes and allow consumers to easily see where their products come from and what is really in them. The Ambrosus ICO will start on September 13.

Hubii Network (HUB): Hubii’s mission is to create the new leading ethereum-based decentralised content marketplace where creators and rightsholders can meet distribution networks and reach content buyers directly, all while having total confidence in maintaining the integrity of their rights through the use of smart contracts. Making use of smart contracts will allow Hubii Network to fix fundamental pain points in the content industry and apply mechanisms never seen before in the market. All this will be delivered whilst having full transparency, accountability and security over the transactions using a new cryptocurrency, Hubiits (HUB). The goal is for the entire Hubii Network to be open source and decentralised in nature. The Hubii Network ICO will begin on August 17.

Kencoin (KCN): Kencoin is an industry-specific cryptocurrency, targeting the adult entertainment sector. Their mission is to serve as the standard currency for anonymous, safe transactions in all sex and dating-related purchases. Users’ desire to preserve absolute privacy creates major hurdles for businesses in the adult sector. Many prospective customers visit websites that fulfill their fantasies, only to drop out of the signup/payment process at the moment the website asks for personal or financial details. Thus, owners of adult websites lose a significant amount of business every day, simply because their users lack a safe, anonymous way to pay for the content they want. Kencoin aims to solve this problem in one stroke, with a completely anonymous cryptocurrency that leverages blockchain technology to provide users with anonymity, privacy and secured transactions, while delivering previously unreachable alpha to adult industry merchants. The Kencoin ICO starts on August 22.

DMarket (DMT): DMarket is a global marketplace based on blockchain and smart contracts. It will enable one-click sale, exchange or evaluation of every virtual item between all games on any platform. Using our API every game developer will easily connect their game to Dmarket. Users will finally enter the global economy with virtual items. Game developers will gain from increased lifetime value, revenue, and time spent in their games. The decentralized blockchain of Dmarket is the technology to ensure 100% security and safety. Smart contracts are the bridge on blockchain to connect all game worlds and universes together without any third-party needed. They will log change of ownership and automatically transfer payments. The DMarket ICO will begin on August 17.

Enigma Catalyst (ECAT): Enigma Catalyst enables anyone to build his or her own crypto-hedge fund. They provide unique data sets and a research platform for traders to build, test and master investment strategies. Their long term vision is to build a de-centralized marketplace for financial data used by traders and accessed with Enigma Catalyst tokens. Their alpha has been released and is available for installation at www.enigma.co/catalyst. The Enigma Catalyst ICO starts on August 21.

Bitproperty (BTP): Bitproperty is a distributed network of REIT (Real Estate Investment Trust) run by digital tokens. Everyone on the network can invest more faster at a low cost and create a new trading market of REIT. When you buy Bitproperty, you will obtain BTP tokens and also real estate ownership rights and payouts witch are awarded by smart contract.

KICKICO (KC): KICKICO is a platform allowing its users to conduct ICOs, pre-ICOs, crowdfunding and crowdinvesting campaigns, with the possibility of creating tokens for the user, accepting both crypto\digital and fiat currencies, protecting investors with KickCoins. Projects launched on the platform can also support KickCoins as a payment method. The KICKICO ICO will begin on August 29.

easyMine (EMT): In easing the procedure of establishing, growing up and controlling a cryptocurrency mine this easyMINE was initiated. It clears all the glitches that are related to software. EasyMINE is targeted at both complete basic people, who are excited in setting up their primary mining apparatus, and knowledgeable miners, who will be pleased about the augmented competence and organize our answer. The easyMine ICO will begin on August 24.

Viberate (VIB): Decentralized music talent marketplace where any musician can sell gigs and get paid in cryptocurrencies. It features over 100 thousand profiles of musicians from all genres, ranked by social media popularity. The Viberate ICO will start on September 5.