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What are Some of the Benefits of an ICO?

Posted on by Shipra

What are Some of the Benefits of an ICO?

Initial coin offerings (ICO) are becoming an exciting fundraising tool in the constantly evolving cryptocurrency world in which investors receive virtual tokens and coins in return for money. MasterCoin was the first initial coin offering J.R. Willet started the first-ever initial coin offering (ICO) token sale in 2013. Through the initial coin offering (ICO), the token, known as MasterCoin, raised an incredible $500,000 in Bitcoin. Numerous ICOs were subsequently sparked by its success. Projects creating financial goods, including DeFi, accounted for 36% of all initial coin offerings (ICO) in 2023. 

This important strategy has transformed how businesses and projects obtain capital, with several advantages for investors and entrepreneurs alike. We will examine what an initial coin offering is and the benefits it offers to businesses in the cryptocurrency space. 

What is an Initial Coin Offering?

The cryptocurrency industry’s version of an IPO is called an ICO or an Initial Coin Offering. An ICO can be used by a business looking to generate capital to develop a new blockchain application or service using cryptocurrencies. To obtain new cryptocurrency created by the company, interested investors might participate in an initial coin offering. This token could donate some ownership in the business or project, or it might have some use concerning the goods or services the company provides. 

ICOs are frequently security offerings that require registration. In some cases, though they might not be required to register. Companies that have submitted Form D after selling their securities for the first time are permitted to make offers on up to $10 million in shares within 12 months under Rule 504 Of Regulation D. If coin issuers follow this requirement, they can lawfully sell coins to purchasers as securities.

A common method of raising money for goods and services that are typically associated with cryptocurrencies is through ICOs. While IPOs and ICOs are comparable, ICO-issued currencies may also be used for software services or other products. Inventors have made money from a few initial coin offerings. Many others have done poorly or have been exposed as fraudsters, registering is required for the majority of initial coin offers. a few intial coin offerings.

Read Also: ICO vs. STO

What are Five Successful Initial Coin Offerings (ICO)?

What are Five Successful Initial Coin Offerings (ICO)?

The biggest initial coin offerings have helped millions of people and organizations to raise billions of dollars. Although the IT industry has witnessed many successful ICOs, it still provides many business opportunities. Here is the list of the top five token releases to date;

  • Known to be one of the first initial coin offerings, Ethereum has made more than digital money compared to its predecessor, Bitcoin. Using smart contracts, decentralized apps can be created using Ethereum, a blockchain technology.
  • IOTA’s initial coin offering (ICO) is based on blockchain technology with the Internet of Things. Also, a cost-free, scalable environment was given via their decentralized transaction ledger.
  • Stratis is a software platform that supports many programming languages and enables companies to develop, test, and deploy programs.  Furthermore, none of this requires the setup or administration of a development environment. Nearly 1,000 BTC were raised during their ICO, valued at $675,000 and now over $8 million.
  • EOS, this popular cryptocurrency, raised more than $185 million in the first five days of its initial coin offering (ICO). Now, it is renowned for being the biggest ICO. EOS asserts in its white paper that its network is competitive (Alternative to Ethereum’s). They provide a wide range of blockchain-compatible business solutions.
  • Formerly known as Antshares, and now NXT, undergone two times of token sales. This ICO has tied up with Microsoft and the Chinese government to launch 3 cents in its initial coin offering (ICO). From October 2015 and January 2018, the cost of their coins soared to $180M. NXT is known to be one of the largest ROI coin offerings, as mentioned in its white paper.

Read Also: Which are the Best ICO Listing Websites Out There?

Benefits of ICO

Benefits of ICO

Below, we’ll discuss the usually analyzed advantages/ benefits of ICO, namely;

  • Convenient for Start-ups and Investors

The biggest advantage of an Initial Coin Offering (ICO) is that it gives access to a range of people, from freelancers and startups to mature investors. There aren’t any time constraints; contributors can also invest at any time, unlike traditional funding set-ups. Anyone who wishes can become an early investor. Thus, ICOs are a favorable option for Startups because, more often than not, startup companies lack the required funds to kick-start their project but can potentially raise their value over time.  

A Token launch is similar to the sale of API keys, and it’s difficult to restrict the sale of these keys to accredited investors alone. Hence it is bound to increase the buyer base relative to traditional equity financing for a start-up.

Read Our Blog: What is ICO and How Does it Work?

  • Online Marketing

It’s easier to gather information about tokens via surfacing the net. Buyers interested in these coins can learn about the ICO through the organization’s website, online forums, messaging applications, and social media websites. The internet leverages ICOs, and a large, general audience is attracted to the venture if marketed right. Also, companies seeking to raise capital through innovative blockchain-based technologies do not need high marketing and advertising costs which helps to reduce the cost of raising capital. 

  • Swift and Unchallenging Mechanism

All the transactions are done online. One can sell tokens internationally over the internet. Instead of relying on regulatory filings, as with other exchange forms like IPOs, stocks, bonds, etc., an ICO relies on blockchain technology to maintain a ledger of its multiple transactions. Data is constantly updated within seconds. All this makes an ICO less time-consuming, less energy-draining, and more efficient.

  • Decentralization – Blockchain 

From substantiating and establishing contributions to distributing tokens, ICOs only require monitoring and updating the distributed digital ledgers.

A distributed ledger lets all investors know about the ICO process daily, as the status of an ICO at each time is written on the Blockchain. This decentralization concept prevents issuers’ fraudulence over investors through ICO. ICO also changes our notion of property rights. As in the case of tokens, the final arbiter of who possesses what property is not a national court system but an international blockchain. 

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  • High Liquidity

High liquidity refers to an asset’s ability to be quickly bought or sold in the market without significantly affecting its value. ICOs are advantageous because early contributors have more liquidity in early-stage companies. Most popular tokens could exceed $100 million in 24-hour volume. Huge liquidity premium alone causes tokens to predominate (provided they are legally and technically feasible) because the time to liquidity enters inversely in the exponent of the compound annual growth rate. 

  • Profit Potential & High ROI

ICOs are said to be unregulated and risky for investment, but surely “the profits from the hits outweigh the losses of the misses.” For instance, the price of bitcoin was around $100 in June 2013 and was trading at $4,000-5,000 in early September 2017. Now investors are searching for a token that can replace Bitcoin in terms of economic appreciation. Many are citing Ethereum as “the next bitcoin.” 

ICOs are high-risk and high-reward assets. Investors seek high liquidity and the ability to recover the invested money quickly and other additional returns. A quick fix is provided to them through an ICO, making it a fairly attractive investment solution.

  • Democratizing Model/Network

Initial Coin Offerings (ICOs) are changing fundraising by democratizing access to financial capital. It’s the era of globalization of financing. ICO virtualization has made it possible for anyone, anywhere in the world, to invest in a company that is established or operating in any country. 

ICOs have caused the significance of going to Silicon Valley / Wall Street to raise funding to diminish. Everything is on the internet from the workings and marketing to opportunities. It paves the way for more expanded investment opportunities as more international clients/investors are lured into these projects. 

  • Lack of Intermediaries

Tokens mean instant custody, not requiring the role played by intermediaries. Elimination of financial intermediaries automatically minimizes the cost of funding and also the funding speed. There’s also less government control compared to traditional financing methods.

Specific Considerations

In 2019, ICO activity started to decline sharply, partly due to the legal ambiguity that ICOs operate. However, there is no foolproof way to sustain with the recent initial coin offerings even if investors do their research and track down the ICOs to invest in.

If necessary, the U.S. Securities and Exchange Commission (SEC) is permitted to intervene in an ICO, such as when the SEC has taken emergency action against Telegram and received a restraining order (temporary) after the Telegram development team allegedly engaged in illegal conduct and by the act raised $1.7 billion in an ICO during the years of 2018 and 2019. In March 2020, the Southern District of New York U.S. Court granted a preliminary injunction. An $18.5 million civil sanction and the repayment of $1.2 billion to investors were both mandated for Telegram.

Read Our Blog: ICO Vs Crowdfunding

When considering investing in an ICO, there is no assurance that the investor won’t become the victim of fraud or scam. However, you can follow these to take precautions against ICO scams.

  • Make sure the project developers can articulate their objectives properly. White papers for successful ICOs often have simple and clear goals.
  • Always seek transparency. Investors have to demand complete transparency from every company that runs an ICO.
  • Evaluate each legal term and condition of the ICO. Since there is a lack of traditional regulators, it is the investors’ responsibility to confirm the legitimacy of an ICO.
  • It is advised to keep ICO funds in an Escrow wallet. Escrow wallet protects against scams as multiple access keys are mandatory to form and open this wallet.
  • This type of wallet effectively prevents fraud and requires several access keys.

You may have to buy more coins to invest in the project since certain ICOs use other cryptocurrencies.

Why is there Immense Hype Around ICO?

The hype surrounding ICOs is tremendous. And there are many internet forums where investors meet to discuss potential opportunities. Some of the most well-known celebrities, including Steven Seagal, have urged his followers or fans to invest in a trending new initial coin offering (ICO). 

The SEC previously warned that it was illegal for celebrities to advertise ICOs on media platforms without disclosing the payment they received to do so.

Read Also: Top 10 ICO Development Companies

Centra Tech (an ICO that closed in 2017 with $30 million in funding) has previously been endorsed by DJ Khaled and the legendary boxer Floyd Mayweather Jr. The two celebrities reached a settlement with American regulators when Centra Tech was ultimately revealed to be a fraud in court. Three of the company’s founders were found guilty of ICO fraud.

Before taking part in an ICO, investors looking to invest should become familiar with cryptocurrencies and learn everything there is to know about ICOs. ICOs are not legally regulated, so it is advised for investors to proceed with utmost caution when it involves ICOs.

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How Can SoluLab Assist You With ICOs?

The amount of funding attracted by the ICO remains the most commonly used indicator for the success of companies or entrepreneurs. Organizations are considering issuing tokens as they are assumed to be securities. Because unlike holding a stock of a company (whose products a contributor never used), ironically, tokens can be more tangible than securities. On the market end, token buyers are trying to be more cautious about buying and trading ICO tokens. On the other hand, the cryptocurrency community is putting its best efforts into regulating token sales and conducting due diligence on behalf of the public.

SoluLab stands out as a premier ICO development company, particularly valuable for startups aiming to establish their presence and raise essential capital. Using their expertise, SoluLab maximizes fundraising potential through top-tier ICO development services, tailored to fuel success in the evolving ICO technology. Their adept team specializes in pioneering solutions, guaranteeing optimal outcomes for fundraising campaigns. For those looking to redefine the cryptocurrency venture experience, SoluLab offers a fully customized white-label ICO platform with multi-blockchain support. To embark on this transformative journey, connect with SoluLab and initiate the next phase of your business expansion.

In the end, we’ll advise you if you have an inclination in the crypto universe and are interested in buying ICOs, practice proper precaution before you invest in a company just to be safe.

FAQs

1. What is an ICO, and what benefits does it offer to businesses?

An Initial Coin Offering (ICO) is a fundraising method that allows businesses, especially startups, to secure capital by issuing and selling their own cryptocurrency tokens. One major benefit of ICOs is their global accessibility, enabling businesses to tap into a vast pool of potential investors without geographical constraints. This democratized funding model fosters inclusivity, as anyone can participate and support innovative projects, thereby enhancing the overall reach and visibility of the venture.

2. How does an ICO contribute to business innovation and growth?

ICOs provide a unique avenue for businesses to showcase their innovative ideas and technological solutions to a wide audience. This exposure can attract tech-savvy investors who believe in the project’s potential, leading to increased funding. Additionally, ICOs often offer early adopters the chance to acquire tokens at a lower cost, fostering a community of supporters who are genuinely invested in the project’s success. This community can become vocal advocates, amplifying the project’s credibility and driving growth.

3. What role does SoluLab play in enhancing the benefits of ICOs?

SoluLab is a leading ICO development company that specializes in creating tailored solutions for startups looking to launch their ICO campaigns. With their expertise in blockchain technology and software development, SoluLab crafts ICO platforms that are secure, user-friendly, and adaptable to multiple blockchains. By collaborating with SoluLab, businesses can ensure their ICOs are built on robust foundations, increasing investor trust and raising the likelihood of successful fundraising.

4. How do ICOs promote liquidity for investors and token holders?

One of the appealing aspects of ICOs is the liquidity they offer to investors and token holders. Once tokens are listed on cryptocurrency exchanges, they can be traded, providing investors with the flexibility to buy or sell their tokens as desired. This liquidity fosters a dynamic secondary market, where the value of tokens can appreciate based on demand and adoption, ultimately benefiting both the project and its supporters.

5. Can you elaborate on the advantages of a white label ICO platform?

A white label ICO platform, such as the one offered by SoluLab, provides businesses with a fully customized solution for launching their ICOs. This platform can be tailored to match the brand’s identity, ensuring a consistent user experience. Moreover, white label platforms often come with pre-built functionalities, reducing development time and costs. By leveraging a white label ICO platform, businesses can focus on refining their core offerings while leaving the technical intricacies to experts.

6. How do ICOs empower projects in niche industries to raise funds?

ICOs have the power to democratize fundraising, making it possible for projects in niche industries to attract capital that might be otherwise challenging to secure through traditional methods. Investors with a keen interest in a particular niche can find and support projects that align with their passions, thus fueling innovation in unique sectors. This ability to tap into a dedicated investor base enhances the viability of niche projects and contributes to diversifying the global economy.

7. What sets SoluLab apart in the ICO development landscape?

SoluLab is a trailblazer in the realm of ICO development services, offering an unparalleled combination of expertise and innovation. Their hallmark lies in providing businesses with the opportunity to launch their own white label ICO platform, complete with multi-blockchain support. This customized approach ensures that ICO campaigns are not only secure and reliable but also tailored to the brand’s vision. With a deep understanding of blockchain technology, SoluLab is committed to transforming fundraising experiences and driving success for new cryptocurrency ventures.

How to Reap Profits from White Label Initial Coin Offering

Posted on by Shipra

 

How to Reap Profits from White Label Initial Coin Offering

A person or business owner will use crowdfunding if they want to start a new venture. With the aid of the company’s shares, anyone can raise money for their business through the phenomenon of crowdfunding. On the other hand, crypto crowdfunding is a popular alternative to traditional fundraising. In cryptocurrency crowdfunding, cryptocurrencies are used to raise money. Money may be quickly raised and large profits can be achieved with cryptocurrency crowdfunding. The crypto ecosystem is characterized by a variety of forms of cryptocurrency crowdfunding, including ICO, STO, and IEO. ICO is the most well-liked of these techniques. With the aid of utility tokens, funding comes from investors using a white label ICO.

Speaking of ICO development strategies, there are two approaches that may be used: starting from scratch or using a script. An ICO platform must be built from the ground up, which is a difficult process that takes more time, resources, & money. It is best to use the white-label ICO platform to avoid those effects. The development of the White label ICO platform, its benefits, and other topics will be covered today. Without further ado, let’s get started.

What is a White Label ICO Platform?

The ideal method to create an ICO platform is to use a white label ICO script. With an exceptional ICO script, one can rapidly establish an ICO. ICO software is a ready-made script that can be used to launch an ICO website. This product has already been produced, tested, and is ready for use right away.

Therefore, creating an ICO using a white-label script is quite effective and economical. The ICO script can be fully customized to meet your needs. Your brand, technology, functions, and logo can all be decided upon and implemented inside the white label dashboard platform. You can get an ICO script from a top-tier solution provider to launch an ICO right now. You might now be curious to learn the benefits of a white label ICO platform. Let’s start:

Benefits of a White Label marketplace

1. Improved time to market

In the workplace, clients frequently asked the team to create an online marketplace within a short time frame. They planned to launch a marketplace service in less than six weeks in an effort to ride the wave and begin generating money as soon as feasible. Despite the shortened release period, the software had to be of the greatest caliber. The team provided a white label marketplace to address these issues. With this strategy, businesses may establish a digital marketplace platform in a month or less. A business can assign customization to the solution provider after purchasing the solution. You avoid having to start from scratch when doing it this way. You end up saving at least a few months even if the full process includes steps like business analysis, design, development, testing, & deployment. Depending on the size and complexity of the project, this amount could be close to a year.

Read more: Key Points to Keep in Mind while Creating an Initial Coin Offering

2. Reduced project expenses

A business can save a lot of money by not having to develop its own white-label marketplace platform. A company needs between $75,000 and $225,000 to develop an MVP (minimum viable product) for a food delivery service like Uber Eats, whereas a complicated project may cost up to $500,000 or even more. Customized marketplace development unquestionably provides several advantages, such as the maximum level of personalization. A turnkey solution could be the greatest choice, nevertheless, if you have no special requirements and are working with a limited budget of $20,000 to $25,000. we have been receiving a lot of project requests of this kind. With the view to fulfill the goals of our previous clients, we suggested purchasing a white label marketplace while providing assistance in business analysis and customization. And the white-labeling strategy appeared to be a perfect solution to their issues.

3. Focus on core competencies

To thoroughly research every area of the market a company aspires to enter may be too difficult in today’s dynamic business environment. An organization can reduce the chances of error in processes like design, development, and quality assurance by working with a reputable vendor of a white label marketplace software (QA). An organization can better align budgets and concentrate on its core business when it employs a white-labeling strategy. You could invest more money, for instance, in market promotion, competitor research, and audience analysis.

4. Higher customer loyalty

This benefit is evident from the earlier paragraphs. A corporation may concentrate on creating lasting relationships with clients since it does not need to spend time and money on software project development. Many other activities, such as polls, surveys, social media marketing, as well as paid advertising campaigns, may be included in this. Additionally, white label marketplaces frequently offer data analytics solutions to track user behavior in real-time in order to determine the needs and preferences of consumers. A white label application will also provide a flawless user experience because a team of QA professionals has previously tested it.

Why Should you Create a White Label Marketplace?

White label marketplace development comes with a number of benefits. White-labeling a product primarily enables its resale to other companies. However, there’s more. You can draw in the audience and make money through monetization by creating a digital marketplace platform, which may include transaction commission, listing fees, as well as paid registration. You must choose an efficient revenue model, engage vendors, and keep customers from leaving in order to succeed. Additionally, you have the option of selling your own products. You can distribute the app to other industries in an effort to avoid competing with the businesses to which you will resell a white label marketplace. A turnkey solution may be appropriate for various industries because marketplaces often have comparable capabilities (registration, product search, catalog, consumer profiles, ratings and reviews online payments, listing administration, data analytics, and sales reporting). A white label marketplace will just need to be rebranded by businesses and customized to meet their unique needs. Consequently, using a white labeling strategy can provide you access to two revenue streams.

Conclusion

Due to a white-labeling strategy’s quicker time to market and lower costs, many businesses and institutions choose it in light of the increasing global popularity of online marketplaces. Businesses value having the option to concentrate on online marketplace promotion rather than allocating money to the creation of custom software. Additionally, a white label marketplace platform will enable you to test company concepts and forge closer relationships with clients without expending a lot of time or money. Contact our staff if you wish to buy a white label marketplace app. Within one working day, we’ll respond to you and offer assistance with all problems. You will receive a demo from one of our software professionals that highlights the main aspects of the program. Additionally, we will gather and assess your needs in order to determine how to design a white label marketplace to suit every facet of your company. It is free to consult on projects.

Top 10 ICOs with the Best ROI

Posted on by Shipra

Top 10 ICOs with the Best ROI

2017 was an incredible year for initial coin offerings. According to various reports, the total amount of funds raised through ICOs in 2017 ranged from $4 billion to $5.6 billion. At the end of 2016, that figure stood at just $225 million.

That said, according to the same reports, less than half of the total number of ICOs held in 2017 were successful, while 25% of the total amount was raised by just 10 projects. These statistics prove once again that potential investors should be very careful when choosing a new company to invest in.

We present the 10 most successful ICO campaigns to date in terms of return on investment. ROI is calculated by dividing the subtraction of the investment gain minus the investment cost by the investment cost.

NXT

NXT is one of the oldest Blockchain-related projects. The official announcement was made on the BitcoinTalk forum on September 28, 2013 by an anonymous developer, who claimed to be an experienced forum member using a new account to remain anonymous.

In the announcement, NXT was described as a descendant of Bitcoin, which aimed to improve some of Bitcoin’s features, solve some of its problems, such as a bloated Blockchain, and move to a proof-of-interest algorithm.

The crowdfunding campaign also took place on the forum. In the end, the anonymous developer managed to raise about $16,800 worth of Bitcoin, distributing one billion tokens. Thus, the value of the NXT token at its ICO was only $0.0000168.

Today, NXT is a fully operational advanced blockchain platform. It provides its users with a modular toolkit that allows them to build their own Blockchain-related applications. The platform also has its own asset exchange, messaging system and marketplace.

IOTA

With a name based on the term IoT, or “Internet of Things,” IOTA is the first major cryptocurrency that doesn’t actually use a blockchain to conduct transactions. Instead, it runs on a system called Tangle. The system requires its users to verify a transaction at the exact same time it is made. This allows for fee-free transactions, among other things.

IOTA an innovative and original project, so it’s easy to see why the ICO held in late 2015 was a success, with over $400,000 raised. All of the $1 billion IOTA tokens were sold for less than $0.001 while an all-time high of $5.25 was reached on December 19, 2017.

_NEO

Neo is a project often referred to as “China’s Ethereum”. It also uses Smart Contracts, but adds decentralized trading, digitized assets and identification to the mix.

Chinese developers are creating a blockchain that would represent legal proof of ownership and be accepted by society at large, not just the crypto-currency community.

At the time of the ICO, there probably wasn’t even a single investor who doubted the value of investing in Neo. The project was backed by big names such as Microsoft and Alibaba. Naturally, the ICO held in October 2015 was a great success, with 17.5 million tokens sold for $556,500. A year later, in September 2016, Neo held a second crowdsale in which it sold 22.5 million tokens and raised over $4.5 million.

The original ICO price of the Neo token was $0.032, while an all-time high of $198.38 was reached on January 15, 2018.

_Ethereum

Everyone who is remotely interested in crypto-currencies has heard of Ethereum. It is a blockchain that allows its users to create and run decentralized applications (dapps) as well as implement and use Smart Contracts.

The mastermind behind the platform, Vitalik Buterin, is perhaps the most well-known person and a poster-boy of sorts for the entire crypto community. In addition, through its Ethereum Enterprise Alliance, the platform works in cooperation with hundreds of major customers, including the world’s largest companies, to implement Blockchain technology and Smart Contracts around the world.

Ethereum’s ICO was held in the summer of 2014. Naturally, it was a great success, the team managed to raise $15.5 million, selling 50 million tokens at a price of $0.311 per token. On January 13, 2018, Ethereum reached its all-time high of $1,448.18.

Read more: A Guide to Reaping Profits from an ICO

_Spectrecoin

Spectrecoin is one of many crypto-currencies that prioritize privacy and anonymity above all else. To do this, Spectrecoin combines a blockchain with a tokenized signature system.

In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users who each have a key. It is impossible to know which particular member of the group signed for a transaction. Moreover, any group of users can be used as such without any additional configuration.

Unlike most other crypto-currencies, Spectrecoin uses the Tor network to increase privacy at the network level. All nodes communicate with each other exclusively via Tor, which means that Spectrecoin transactions pass through a series of intermediaries before reaching their destination, thus becoming untraceable. The network even provides a way to hide the fact that it uses Tor via a technology called OBFS4.

The team behind Spectrecoin (naturally, completely anonymous) held its ICO from November 18, 2016 to January 6, 2017. 19 million tokens were sold and the team managed to raise $15,500. Each token was sold for only $0.001, while it reached $6.28 on January 2, 2018.

_Stratis

Stratis is a project that offers end-to-end solutions for developing, testing and deploying Blockchain applications for businesses around the world. The startup has created a platform that is fully compatible with .NET and C#. Microsoft has added Stratis’ Blockchain-as-a-service (BaaS) to its Azure Cloud service, which is geared toward companies looking to build internal Blockchain solutions.

With such overwhelming support from Microsoft, Stratis’ ICO was always going to be a success. The project raised $610,000. Tokens were sold for $0.007, while an all-time high of $21.21 was reached on January 8, 2018.

ARK

Ark’s goal is to create an entire ecosystem of interconnected Blockchains, essentially bringing them together into one massive “spider’s web” of use cases. Interestingly, the project is collaborative and decentralized from start to finish: it has 17 core members from 11 different countries.

The project held its ICO from November to December 2016, successfully raising nearly $950,000. The ICO price of its token was only $0.01, while the token managed to reach $10.20.

Lisk

Lisk is the world’s first blockchain-based modular platform. This means that it has one main chain — a chain that currently hosts the LSK currency and will become a hub for all sidechains once the platform is fully operational. The sidechains are very similar to personal Blockchain, they can be easily built and adapted with Lisk tools.

The platform will allow developers to build their own apps, host them on their own custom sidechains, and even hold ICOs. More importantly, Lisk’s applications are the natural first choice for most developers, as they are built using Javascript.

The project has many well-known Ethereum players on board, so naturally, their ICO was a huge success. Held in February and March 2016, the crowdfunding campaign netted the List team $5.7 million. The token was sold for $0.076, and its all-time high was $38.8 on January 7, 2018.

DigixDAO

One of the main features of Ethereum is that it allows its users to create and manage decentralized DAOs or autonomous organizations. This is a whole new way of structuring businesses, as there are no bosses or people in charge of the whole business. Instead, all decisions are made through proposals and votes.

DigixDAO was one of the first major DAOs created on the Ethereum platform. Interestingly, the project uses two tokens: DGD and DGX.

DGD tokens were sold to investors during the ICO. It’s worth noting that when it comes to DAOs, token sales aren’t just about attracting funds. The coins purchased effectively give investors the right to vote in proposals submitted to the DAO. In this way, each token holder can participate in shaping the future of the organization.

DigixDAO aims to create a new, stable crypto-currency backed by real gold bars. That’s where DGX tokens that represent a gram of gold come in. The gold bars have all gone through a Proof of Assets protocol and their existence is proven on the Ethereum Blockchain. DGX tokens can actually be withdrawn into gold bars and redeemed by each token holder.

The participating vault is located in Singapore and can safely store up to 30 tons of gold. In the future, however, DigixDAO hopes to open additional vaults around the world.

DigixDAO made history when it completed the first fundraising round on the Ethereum blockchain. In March 2016, the project successfully raised its $5.5 million goal in just 12 hours. DGD tokens were sold for $3,235 and the token reached its all-time high of$409.6 on February 3, 2018.

Qtum

QTUM, which is actually pronounced “quantum,” is a project that integrates Ethereum’s Smart Contracts with the stable Bitcoin Core blockchain, while using a proof-of-stake algorithm for verification. The main goal of the project is to increase the number of applications using Smart Contracts, especially for commercial purposes.

Thus, QTUM benefits from the best of the new developments of the Bitcoin and Ethereum communities. In addition, QTUM aims to introduce tools, templates and various other smart contract options to make the creation and execution of smart contracts easier and more secure for businesses.

QTUM held its ICO in March 2017 and successfully raised $15.6 million in 117 hours. Tokens were sold at a price of $0.3 while an all-time high of $100 was reached on January 6, 2018.

While all of these projects managed to raise a significant amount of money to fund their ambitions, they seem to have benefited from a global hype in the cryptocurrency market. The new year 2018 corresponds more to a phase of disillusionment on the Gartner trend curve.

Blog Credits: Medium