Initial coin offerings, known as ICOs or Token Sales, have become a popular way to fund the creation of a new cryptocurrency. The first ICO was conducted by OMNI (formerly known as Mastercoin) in 2013. Ethereum followed suit shortly after, and held an ICO in 2014.
In 2018 ICOs have become a common occurrence with dozens popping up each month. Some, such as NEO, ARK & Cardano have become wildly successful. NEO has had a meteoric ROI, as its value has gone from $0.03 to $27.13. Many others however offered tokens without any real function and have disappeared from the cryptocurrency landscape.
Here we are going to have a look at some of the top 5 most promising upcoming ICOs of 2018.
1) Ton Token (Telegram)
The successful anonymous messaging app Telegram, has announced that they are going to have an ICO in 2018. This announcement has sent waves throughout the crytpocommunity, with many of them users and fans of the app.
Telegram was created by Pavel Durov, the mastermind behind Russia’s most successful social network, VK.
Telegram’s ICO TON aims on creating a better and more easily scalable blockchain which will allow payments via the Telegram app. Telegram’s native app will also serve as a wallet for TON tokens. Seeing that there are over 170 million users on Telegram and many of those are crypto-enthusiasts, this will be a very interesting project to follow.
The photography giant, Kodak has announced their entrance to the cryptospace roughly a month ago. They plan on creating platform which would compensate photographers for their pictures, in an equivalent manner to Shutterstock. This platform will be called KodakOne and will compensate photographers in their token called KodakCoin.
Kodakcoin is especially worth following due to it being backed and created by Kodak. Having a large publicly traded company with huge brand behind them will likely assist with Kodakcoin’s value. Since their announcement, Kodak’s stock has jumped from $3 to $10. We possibly will see a rise in Kodakcoin’s value if they accomplish what they have set out to do.
Game Protocol plans on developing a decentralized gaming ecosystem based on 4 pillars. Community co-working platform
Through the platform, developers can work together to share ideas and create the best games possible. Developers may be incentivized to collaborate not only due to time constraints but also for financial gain. Game Protocol Tokens make micropayment and tipping mechanisms very easy.
Game Protocol provides a decentralized gaming store. By creating a decentralized gaming store, indie developers have an equal opportunity in getting exposure to their games. A decentralized gaming store offers true fairness for indie developers and lets the best games be displayed.
Game Protocol envisions a reward-based crowd funding platform which focuses solely on video games. It allows game developers to raise funds via contributions of Game Protocol Tokens from the community.
Game Protocol will provide free software developer kits for developers.
Seeing the ever-growing revenues in the video game industry and the multiple uses of Game Protocol token, this will be an interesting project to follow.
Coinvest is a decentralized trading market for cryptocurrencies. It allows users to invest in other cryptocurrencies via its native token. It There are several differences between Coinvest and standard exchanges. It allows traders to avoid cumbersome KYC/AML practices and it is fully decentralized, to name a few. It also allows traders to create their own personally curated index funds.
They already have a working wallet for its token and a debit card that allows users to spend their hard-earned tokens easily.
Credits wants to create a better token for transactions and payments. They are building a more advanced blockchain to solve the scalability issues inherent to Ethereum. This along with smart contract capabilities will allow a greater amount of financial functions to the token, such as recurring payments. Credits coin will have some of the fastest transaction times in the world of cryptocurrencies. Credits will likely be a formidable competitor to Cardano and Ethereum in future years.