It’s no longer news that cryptocurrencies are already becoming a dominant part of the global economic landscape. So far, Initial coin offerings (ICOs) have proven to be a reliable fundraising means for several innovative startups to raise funds for their project. According to research, Initial coins offerings has raised more money in the first quarter of 2018 than the whole of 2017. Statistically, ICOs have risen over $6.3 billion in Q1 of 2018 which is way more compared to the total of $5.6 billion raised in 2017.
However, as a smart investor, it is advisable to dig deep and get facts on the ICOs you are about to invest on because not all ICOs ends up successful. Don’t just invest because you find their advert very stunning or because your instincts tell you to. In fact, always have it in mind that the success of an ICO is not a walk in the park; there are some crucial factors that needs to be met before an ICO could be successful. Therefore, it is very essential that you analyze their possible risks and even examine their potentials.
The following are successful ICOs in the first half of 2018 and they are based on the following criteria:
- They have a low investment risk.
- They have a killer marketing and social media management strategy.
- They possess distinguish technical development qualities.
- They have skilled and elite team members on board.
- They have positive investment rating.
DAOstack is an operating system for collective intelligence and its blockchain enables new forms of human association that combines the scale and efficiency of free market with the alignment and coherence of startups. On the 8th of May, 2018, DAOstack, which is also known as “the wordpress of blockchain, ’’ sold out in just 66 seconds. Statistically, the ICO raised a total sum of $30 million throughout the pre-sale and the main sale.
DAOs are open, self-organized networks coordinated by crypto-economic incentives and self-executing codes, cooperating around shared goals. DAOstack offers an operating system (OS) for Decentralized Autonomous Organizations( DAOs) which can be used for cases such as :
Decentralized Collaboration – a decentralized collaborative network to which individuals, organization and communities can seamlessly self-organize around shared goals and interest at any scale, for example a news project with 10000 journalist or writer etc.
Decentralized Curation – a decentralized inter-subjective networks where the contributors are the owners, editors and users.
Decentralized Ownership – here the decentralized investment funds and insurance networks or a charitable community value are shared proportionally among all stakeholders.
Furthermore, the Decentralized Autonomous Organization (DAO) is a way to virtually maintain a company or organizations that is fully on its own – without the need for hierarchical management (i.e. zero third party control). More importantly, their technology aims at assisting blockchain companies with huge numbers of members – about hundreds of thousands to millions of people who struggle at empowering their crowd organization, management and decision making.
Here are many factors that facilitated the success of DAOstack ICO;
- DAOstack is creating a unique framework that is very challenging and there are very few in existence yet.
- DAOstack is aiming to make the process of creating a DAO easier by essentially acting as the ‘sandbox’ for all DAOs to operate from. Interestingly, it allows it users to use the platform to develop their own token.
- DAO can be used for a voting system, and this key feature makes it to stand out by allowing contributors to submit proposals that other users can vote on within a specified time frame.
- Matan Field, the CEO and Co-Founder of the DAOstack platform, clearly stated that “with DAOstack, thousands of open-sourced creators can jointly produce decentralized applications (DApps) while distributing individuals ownership in the product to contributors of value.”
- The DAOstack platform will utilize the GEN token, which respective users can use to popularize proposals within its ecosystem.
- DAOstack holds an impressive prospect for building decentralized organization.
- The DAOstack is no doubt a very promising and exciting project with credible and know-how team members who have reached an impressive stage of product development.
Project Name : DAOstack
Token Symbol: GEN
Whitepaper: DAOstack Whitepaper
Crowdsale Hard Cap: $30 million
Total Supply: 100,000,000
Token Distribution: 40% to crowdsale, 40% to Genesis DAO ( a decentralized community fund to support ecosystem), 10% for the team and advisers, 10% reserved for future contributors
Price Per Token (PPT) 1 GEN= 1 USD
Total Market Cap (at crowdsale price) : 75 million USD
Accepted Payments: ETH
Countries Excluded: US
Bonus Structure: 10% bonus for the presale.
Presale terms: Minimum participation is at least 100,000 USD
Dragoncoin, a project by Macau based casino operator, Dragon Corp, successfully raised $320 million in capital before the Public Token Sale. Statistically, a whoop of $265 million was raised from institutional investors, and about $48 million was raised from a closed pre-sale, making it a total of $320 million. Dragoncoin is a decentralized currency and a blockchain-based solution for casinos and VIP players.
The success of their pre-sale and the volume of its early supporters have proven that Dragoncoin started 2018 in an outstanding fashion. According to Chris Ahmed, CEO and Co-Founder of Dragon Inc “The greatest part of our journey so far has to be meeting with skeptic and winning them over to become ambassadors for Dragon, adding to the Dragons confidence along with the 15,000 plus in our growing community.’’
With hundreds of high-roller ‘elite gamers’ travelling to Macau very often to play baccarat and other games available in Junket (a private room in a casino, operated by investors who pool funds to provide gaming services to VIP players) and several millions of dollars flowing across the tables in these VIP gaming rooms, it is crystal clear that junket organizers are challenged with the ability of arranging ‘high volume cash’ for VIP gamers upon arrival. Literally, a junket needs to arrange stake money, usually several million dollars, whenever elite gamers arrive in Macau. According to research, a major junket in Macau can host over 100 elite gamers at a time, and when rolling, it could also produce a turnover of $250 million dollars a day. Apparently, this level of play on a table and the constant churn of players will incur a punitive frictional cost on both the junkets and elite gamers.
However, Dragon corp has proven to be the golden solution this challenge. Dragon Inc. is fully committed and focused on developing a blockchain-based platform, where fiat money can be seamlessly converted into digital tokens and then moved instantly within an eco-system while being monitored, and at a very low cost for Macau’s junkets. This is no doubt a highly attractive technological solution that will dramatically reduce high inbound frictional costs.
Dragon Inc. is digitally tokenizing both staking funds and gaming chips and also implementing blockchain for recording transactions and tracking tokens not only for junkets, but also for other casinos in Macau and beyond. Meanwhile this blockchain-based solution will create opportunities for reduced transaction cost, improved efficiency and a reinforced level of security in the management of high money flows.
Additionally, ‘elite gamers’ wishing to visit a junket will be able to convert fiat money into digital tokens via the Dragon platform, and it will be securely registered on a blockchain underpinning the platform. Also, note that the numerical representation of the tokens held at any time would be displayed on the gamer’s smart phone wallet. Through the Dragon platform, you can seamlessly convert Dragon Coins (DRG) to fixed –value digital Dragon Global Chips (DGC) while in the junket. And after gaming, you could also convert DGC back to DRG and further convert DRG to fiat currency or any other digital money of interest through your smart phones. Gamers can also decide to leave their money in a digital form and use them at their next visit to the gaming table.
The application of this digital token is not just about staking monies and tracking of individual gaming chips, there are more to it. For instance, it delivers junkets and casino with significant financial gains and benefits, improved security and enhances the entire ‘cash management’ system.
Wider benefits associated with the application of Dragon Digital Financial Platform:
- Elite gamers playing at junkets will incur much lesser cost compared to their usual cost without the platform. In fact, it is a significant savings that improves junket profitability and releases more stakes of monies to gamers.
- The Anonymity of elite gamers is sure one of the challenges faced by casinos, but with this fintech solution, you no longer have to worry about your identity security because the Dragoncoin is associated with the anonymity of ‘’value ownership.’’
- The use of money in cash form is highly prevalent in the gaming industry such as the casino, but the implementation of ‘digital value tokens’ could greatly assist in the global drive to eradicate money laundering and squeeze the black market economy.
Characteristics of the Dragon platform:
The Dragon platform will be securely underpinned by Ethereum blockchain that acts as an immutable distributed ledger backbone upon which Dragon will host its complete digital token management solution.
In addition to DRG, the Dragon family also support a family of digital utility tokens called Dragon Global Chips (DGC). This token can be purchased by converting DRG at the prevailing market rates. Meanwhile, the first global chip will be the DGC-HK, with its value pegged to the Hon Kong dollar, at a rate 1 DGC-HK to HK$1.00. More importantly, the main purpose of DGC is to allow users to lock a certain number of chips at an exchange rate between DRG and DGC that they are comfortable with. However, note that the need for DGC arose as a result of the instability nature of all value tokens. For instance, DRG value can either rise or fall significantly over a short period of time.
DRG/DGC Internal Convertibility
Elite gamers can only acquire DGC by conversion of DRG. Therefore every gamer needs to own DRG in other to buy DGC, which can only be exchanged for non-negotiable physical gaming chips at the Dragon Junket or any affiliated gaming venues. The gamers also have the option of either receiving cash or digital currencies when cashing in physical negotiable gaming chip.
Buying , Selling and Converting DRG
Dragon coins can be purchased with fiat money, Bitcoin, Ethereum, XRP, Litecoin , through a number of leading crypto-exchanges or directly from the in-house Dragon Exchange.
Dragon Debit Card
Every Dragon member can choose to receive a physical Dragon multi-currency debit card linking their Dragon account to the global MasterCard/Visa network of ATMs and Vendors.
Elite gamers who are legitimate members of the Dragon community, who are also defined as being fully AML/KYC certified individuals and duly registered with Dragon as account holders, will be entitled to utilize the full functionality state-of-the-art smartphone Dragon affiliated ‘Social Wallet’ which can help them visualize the number of DRG, DGC and other forms of value token stored securely in their Dragon account on the Ethereum blockchain.
Global Cash Machines
The Dragon platform will be connected to a network of Global Cash Machine (GCMs), that will allow members to use their Dragon debit cards to withdraw fiat cash by converting the digital value stored in their account wallets. Members can also deposit fiat money into their wallets at GCMs.
Project Name : Dragon coins
Token Symbol: DRG
Token Type: ERC20
Whitepaper: DRG Whitepaper
Total Token Supply: 500,000,000
Token Distribution: 53% to Junket Partners, 12% to Early Supporters, 10% for the Team, 1% for Advisors, 10% to Reserve , 7% to Treasury and 7% to Public Sale.
Price Per Token (PPT): 0.0033ETH = 1 DRG
Total Market Cap (at crowdsale price): $75 million
Accepted Payments: ETH
Countries Excluded: USA, Singapore and China
Volume in 24 Hours: $ 201,165
Basis is a stable cryptocurrency with an algorithmic central bank. It is primarily designed to keep prices stable by algorithmically adjusting supply. Naturally, you won’t agree les that cryptocurrencies have been too volatile for main stream use. For instance, if you own a bitcoin or any other unstable altcoin, you’ll often be watching its prices fluctuate wildly. For some time now, loan, salaries and other basic financial contracts have been poorly served by poor volatile digital currencies, which has really been the biggest concern and barrier to widespread adoption that cryptocurrencies are facing today. However, the solution to this volatility lies on developing stable coins that will be accessible to anyone with just an internet access.
Basis is one of the evident solutions to the worries of wild volatility changes in the market. It is designed to maintain a stable value and serve as a medium of exchange accessible to anyone with an internet connection. Interestingly, it has raised a somewhat stunning $133 million in funding from its top investors.
Why does Price Stability matters?
Most of the cryptocurrency researches – including the ones that have been done and the ongoing ones have been dedicated to technical topics such as transaction throughput, smart contracts etc., and almost no attention has been paid to improving the price stability of cryptocurrencies, which is a problem we believe to be a bigger obstacle to the mass adoption of cryptocurrency as a medium of exchange, payment all over the globe. Basis, a cryptocurrency whose token can be robustly pegged to arbitrary assets or goods while still in a decentralize form (i.e without the need for human direct judgment) solves this mystery by algorithmically adjusting the supply of the basis token in response to changes in demand.
That ado, considering the awareness and the utility value most of the existing cryptocurrencies in the world possesses, have you ever wondered why only few people uses it for normal day-to-day transactions?
The reasons are not farfetched. One of them is ‘spontaneous volatility of cryptocurrencies.’ And for a cryptocurrency to become more than just a playground for speculation it must satisfy some price-stability rules. However, here are two main reasons why price stability matters.
#1 There is a serious need for them to be a stable store of value. People are pretty scared of having their money or asset (whipped out0) as a result of the consistent and spontaneous change in price value of cryptocurrencies. For example, let’s say you have a balance of $100 in your wallet today and in less than a week you found out that the money has reduced to $70. Such crypto-price volatility is what scares people from storing cryptocurrency.
#2 There is a serious need for price stability in other for cryptocurrency to become a viable medium of exchange. Imagine being faced with a situation of constantly adjusting BTC price to either make a purchase or pay back debt. For example, you happen to borrow 1BTC whose rate was $6700, to pay back in 3 months. When you wanted to pay back, it happened that BTC has appreciated to about $10000 per coin. You’ll find out that you’re paying extra $3300 to meet up and this is because of the unstable price-value of BTC.
Basis Algorithmic method of stabilizing prices:
- When demand is on the rise, the blockchain will create more Basis to complement the demand rate. Also have it in mind that the expanded supply is designed to bring the Basis price down.
- When the demand of basis is falling, the blockchain will buy back basis. The contracted supply is designed to restore the Basis price value.
Basis plans on how to use a three-token system to handle expansion and contraction:
Basebond: It is also known as ‘bonds’. These tokens are specifically auctioned off by the blockchain whenever it needs to contract basecoin supply. While bonds are not pegged to anything ( e.g assets, commodities)have it in mind that each bonds promises the holder just 1 Basecoin at some point in the future under certain conditions. Meanwhile, here are the conditions to be met before a bond is redeemed.
- The blockchain must be designed to be creating and distributing Basecoin, this simply means that the blockchain is designed to determine that an expansion of the Basecoin supply is necessary.
- The bond must not have expired.
- The entire Base bonds that were initially issued before the new bond must have been redeemed or expired before the new one is redeemed.
Basecoin: It is also known as ‘coin’. Basecoins are the chief tokens of the system. Literally, they’re being pegged to fiat currency like USD, and are deliberately used as a medium of exchange. However, their supply are being expanded and contracted in other to balance the peg.
Base Share: This is also known as shares. These tokens have their supply fixed at the beginning of the blockchain. Actually they are not pegged to anything and their value originates from their dividend policy. However, when the rate of demand for Basecoin is on the rise, shareholders receive about 13-newly-created Basecoins pro rata as long as all unique Base Bonds have been redeemed.
Project Name: BASIS
Token Symbol: Basiscoins
Token Type: Own Wallet
Whitepaper: Basis Whitepaper
Total Token Sold On Pre-sale: 133,000,000 USD
Mobius network, a Cayman based business organization successfully raised $35 million from their MOBI token pre-sale. According to research, Mobius added that the offer was oversubscribed by $10 million and was rated to have one of the most successful pre-sale in 2018. Aside from the fact that over 32,000 people all over the world participated in the MOBI token pre-sales and over 55,000 people participated in the MOBI public token sale, it is also interesting to know that big investors like Jed McCaleb, Chandler Guo, Jackson Palmer and Nirvana Capital who is widely known for his early stages token purchases from five of the top rated 100 market tokens.
Mobius is described as an enhancement over Ethereum and its first token is issued using ‘Stellar.’ According to Alfred Jiang, Managing partner of Nirvana Capital, “Mobius is the first ICO launching on Stellar and it will play a very big part in its ecosystem. With their technology and talented team, I expect to see an exuberant 2018 with one of the most exciting ICOs of 2018.’’ However, while some people believed that Mobius transformed the old internet with a new decentralized internet of value, have it in mind that it is also seen as the complete blockchain solution to all technological companies. Meanwhile, its MVP is a DApp store for Developers to seamlessly translate DApps into currency or “Stripe for blockchain.’’
MOBI token is created to easily authorize companies and consumers to exchange data by smart contracts and plug into the blockchain ecosystem. Originally, the Ethereum technology was initially implemented to run Mobius but unfortunately its limitation was determined. Considering the vision Mobius has for the blockchain community, it was changed to Stellar platform.
According to David Gobaud, CEO and Co-Founder of Mobius, it’s important for us to help push the blockchain community into safer, faster and more secured protocols.’’ Our patent pending technology will have broad implications for businesses being able to operate more efficiently and with greater capability in the blockchain ecosystem. Our successful offering is a further validation of our token’s real-world utility.’’
Mobius’s API is designed to be seamlessly integrated into any sight. For instance it can convert the myriad of app developers into blockchain developers just as Stripe unleashed e-commerce through its suite of APIs to enhance payout solutions.
Why we need Mobius in this new age?
Mobius influence on universal blockchain payment protocol:
The Mobius protocol has defined the universal cross-blockchain standards for payment. Before the advent of blockchain technology, our current global payment space is known for its centralized, convoluted, slow, and expensive nature. Apparently, these payment models are overdue to be transformed into a more efficient, trustless and dynamic digital alternative.
Since the current payment protocols involves the acceptance credit and debit cards, have it in mind that this process involves three key steps – the authorization process, the clearing process and the settlement process. And these processes depend mainly on payment gateway, terminals, merchant banks, credit card associations, cardholder banks, and other stakeholders. Consequently, this long processes make legacy payment to be expensive i.e. the participants pays high fees and yet the transaction speed is still pretty slow.
On the other hand, blockchain technology revolutionizes payment protocol by disintermediating large financial institutions. As a result, transaction cost will be significantly reduced. Although there are so many blockchain developer APIs and frameworks in existence today, but they are in their infancy, and very hard to use. However, Stripe API is analogous to Mobius in solving this same problem. It is simple and easy to use except for the emerging blockchain economy. Mobius will make it seamless for developers to transit to the decentralized blockchain economy at a significant lower cost and speedy confirmation times. Additionally, Mobius API provides a universal interface to accept any blockchain token.
Mobius influence on Digital Token Login protocol:
Generally, tokens can be used to represent membership to a service and such a member can be also called a token-holder. Interestingly, tokens can also be used as a login mechanism. Technically, any service that uses token as a login mechanism will definitely have similar technical infrastructure needs analogous to a token payment infrastructure. Mobius, however, provides a simple REST API that abstracts low-level blockchain development needed to authenticate token ownership at time of login and facilitate verified login.
Besides being used as a digital login mechanism, tokens can also be used for subscription, which in return provide users with several benefits such as increased anonymity, lower transaction fee, and the ability for secondary market to develop and provide greater values for subscribers and incentives for early subscription and membership purchase. In addition, the secondary markets allow people to anonymously purchase or sell their membership without linking or interfering with centralized financial institution such as credit cards, debit cards etc.
Mobius influence on Governance Protocol:
Recently, many organizations are creating their own tokens and one of the aims is to use it for their platform governance. Here, the organization may allow its token holders to seamlessly vote on proposals that dictate how the community will develop. If two organizations shares similar governance and proof of stake integration needs, then both may require advanced users such as editors or moderator to have some invested tokens at stake to further reduce spam and any malicious attack on the communities.
However, considering the Mobius’s blockchain based governance, its standard protocols and APIs follows the same model described above, and can be used to facilitate token-based voting and vested at-stake micro-actions that result in token rewards or penalties depending on the community feedbacks
How Mobius is influencing the Decentralized App economy:
Obviously, one of the existing challenges hindering the mass adoption of cryptocurrencies and DApps in the world today is the availability of a widely used ‘DApps Store.’ However, Mobius is creating a universal Decentralized Apps store that will be similar to that of Apple and Google Play store. Here, any app that accepts Mobius token will be listed in the DApp store. Meanwhile this store will also integrate Mobius Token with a universal decentralized credit system whose fees are pretty much lower compared to Apple App Store or Google Play Store.
Additionally, DApps will be incentivized to accept the Mobius token in the DApp store because of the network effects between Mobius token and the DApp store. With this concept of incentivization, Mobius’s token value will gradually soar over the internet as more people use it.
Project Name : Mobius
Token Symbol: MOBI
Token Type: Stellar
Whitepaper: MOBI Whitepaper
Total Token Supply: 800,000,000
Token Distribution: 32.5% to company, 5% to pre-sale, 30% for Token Sale, and 32.5% to community.
Price Per Token (PPT): 1 MOBI = 0.16 USD
Market Cap : $ 22,369,463
Accepted Payments: ETH, BTC
Volume in 24 Hours: $ 467,943
Fintrux network, the global peer-to-peer lending ecosystem powered by blockchain and no-code development raised a stunning $25 million from its token sales. Thousands of people all over the world participated in the token sales to make Fintrx’s global P2P lending platform a reality, that is making unsecured loans easy, fast and highly secured.
Fintrux aims at developing an ecosystem where financing liquidity is maximized by facilitating market loans in a true P2P network to alleviate the cash flow challenges facing small business and startups. Additionally, Fintrux also aims at establishing a seamless connection between borrowers and lenders and also making financing easy and beneficial to both parties.
Traditionally, obtaining loans from banks especially for startups isn’t a walk in the park. And even after going through the vigorous traditional banking protocol, at the end of the day, they might either reject or grant you some fund which is accompanied with an outrageous interest rate. Whereas with Fintrux, obtaining an unsecured loan – a loan that is not protected or secured by any asset, can be easy, speedy and affordable. Literally, traditional lenders are taking more risk administering unsecured loans, and that’s the reason why they charge borrowers with high interest rates. Contrarily, Fintrux network also aims to disrupt the way unsecured loans are being administered. Interestingly, aside from being a decentralized platform – improving in areas of transparency, risk and rate reduction, ease and speed of funding, Fintrux also focus on revolutionizing credit enhancement.
Here are four levels of credit enhancements that provide unprecedented risk reduction towards unsecured loans:
Level 1: over- Collateralization: This serves as a basic level of security for lenders. Here fintrux holds back 10% of each loan as over-collateralization for more default protection.
Level 2: Third-party guarantors: Literally, this handles the overflow losses. People are invited to participate on the platform as a guarantor to the loans of their choice. Here, guarantors select their risk and compensation packages.
Level 3 Cross-collateralization: This takes care of bad multiple bad loans. Actually, the 10% held back from every loan is pooled together in a cross-collateralization pool which acts like insurance to cover all loans within the same class. However, when the gathered 10% is invested properly to match the obligations, this pool can offer sufficient coverage ratio against the average loan loss.
Level 4 The Fintrux Reserve : This is referred to as the last resort of protection. Here 5% of all FTX tokens have been restrained to solve all the unexpected losses that might arise.
Fintrux is on a mission to make trustless financing a no-brainer for both lenders and borrowers. They generate their revenue from charging participants transaction fees in FTX token. Enticingly, lenders can also charge their desired fees to their borrowers; lenders can also reward borrowers with FTX tokens if they pay on time. Another amazing feature about Fintrux is that the invested capital comes directly from a wide range of lenders, including retail investors, high-net-worth individuals and family, banks, finance companies – insurance companies, hedge funds, foundations, pension plans etc.
How Fintrux plans to solve the Existing problems in this ecosystem — the loan sectors.
#1 Excessive intermediaries:
While most of the loan agencies depend directly on third parties like brokers and other intermediaries, the cost of the credit will be outrageously high as it will be heavily passed on the borrower. Contrarily, Fintrux P2P platform will enable you obtain loan directly from lender. Consequently, the cost of credit here will be pretty much lower compared to the traditional financing system.
#2 Statups and small businesses are being underserved:
Most of today’s failures in small-scale businesses are majorly focused on access to loans. And some traditional banks don’t pay focus on them; in short they’re being underserved. They fail to apply for some of these reasons:
- They felt their requested loan is too small for banks be interested in
- Banks usually take a long time to reach a decision on SMB.
- The banks requirement to secure such loan is very high.
- They felt their small business do not meet the internal policy parameters of the banks etc.
On the other hand, Fintrux’s ecosystem is open designed for both lender and borrower. Here you don’t have to look down on your business worth before you apply for a loan. In addition, the speed of processing funding is very fast compare to the traditional banking system. Fintrux is one of the world’s first blockchain based online marketplace with automated administration platform connecting borrowers, lenders and specialized agents, and enabling them to easily configure and construct each borrower real-time.
#3 Complications in financing contract:
While most traditional financing contracts are difficult to understand and process, Fintrux’s has simplified its smart contract. It’s pretty much easier to understand and without ambiguity.
#4 Fragmented and inconsistent auditing:
Most traditional systems employed are not fully automated. Records are mutable, censored and can be subjected to the patriot act of domicile. However, Fintrux platform eradicates the need for physical infrastructure and bring out convenience and full automation.
Competitive advantages of using the Fintrux ecosystem.
- Open ecosystem: Fintrux is partnering with rated agencies like identity, KYC/AML, credit scoring, credit model, and payments to provide lenders with diverse choices to acclimatize their loans.
- Decentralized Reputation Ratings: Fintrux also provides all participants built on Ethereum smart contracts with a decentralized review platform. Here, borrowers can rate their lenders and have a trustworthy source of comparability between distinguish lenders. It’s also a vice versa for lenders.
- Decentralized blockchain technology: Fintrux is using Ethereum blockchain which provides it with various opportunities such as immense security on identification and privacy etc. There are no risks of losing customers contracts as they are not just being stored on a distributed ledger but they are also immutable and censorship resilient.
- Many systems as platform architecture: Fintrux’s smart contracts provide transparency to both borrowers and lenders. Here, every choices made are visible on a user-friendly interface. Interestingly, both parties can examine contracts at a granular level with ease and further track ongoing performances.
- No-code development and instant deployment: At Fintrux, there is no hand-written smart contract. Rather, they transit Robocoder’s low-code development platform into no-code development to enable all possible contract combinations to be presented as a user interface to borrowers and lenders. Automatically, codes with latest technology are generated and deployed at real time.
- Unprecedented risk-reduction on unsecured loans: Fintrux’s cascading credit enhancements provides unprecedented risk reduction for unsecured loans. It’s also making it easy for users to borrow at a reasonable interest rates.
- Token as transaction fee: While many service agencies charges upfront license fees, annual maintenance fees etc. Fintrux network simplifies onboarding experience by convincing them to charge their lenders by transactions, in FTX token.
Benefits of borrowers using Fintrux network.
- Access to affordable credit.
- Superior borrowing experience.
- Branding Opportunity
- Transparency and Fairness
- Lowered transaction fees.
- Super-fast and efficient funding.
- They provide you with Self-Service options.
Benefits of lenders using Fintrux network.
- Access to risk-reduced investing.
- Superior lending experience.
- Branding opportunity
- Access to a network of expertise.
- Attractive Returns.
- No Upfront cost to lenders.
- Access to more satisfied customers.
Project Name: FINTRUX
Token Symbol: FTX
Token Type: ERC20
Whitepaper: FTX Whitepaper
Total Token Supply: 500,000,000
Price Per Token (PPT): 0.00035106ETH = 1 FTX
Market Cap : $1,860,900
Accepted Payments: ETH
Countries Excluded: USA, Honk Kong, Canada , New Zealand and China
Volume in 24 Hours: $ 52,905
Energi Mine is a functional commercial company that is based in Manchester, United Kingdom. Besides being one of the most exciting blockchain-startups in the crypto world, it recorded one of the most stunning successes in pre- ICO sales. Energi Mine raised about $15 million (£10.6m ) in 81 minutes. This gigantic success gave a strong indication on people interest towards ‘community energy’ with environmental benefit.
‘’Consumers are showing a greater desire to have control over how their energy is generated and distributed. Many domestic consumers are no both producers and consumers of electricity, for instance through rooftop solar panels or wind turbines. They are motivated by financial and environmental concerns, as well as low levels of trust in large energy suppliers.. we could see more consumers move away from the traditional utility model and adopt community schemes or peer-to-peer trading arrangement to provide their energy needs instead’’ said by UK Energy Regulator.
Literally, there is a natural correlation between individual energy consumption usage and its impact to the environment. So, if a fellow consumes less energy, then he reduces the number of toxic fumes that needed to be released by ‘power plant’ while creating that energy. Consequently, he/she is conserving the earth’s natural resources and protecting our ecosystem from destruction. Moreover, if every individual is reducing their energy intake directly, like turning off appliances we don’t use at the moment etc. then, we’re gradually creating an eco-friendly environment for everyone. In fact, the lesser energy we consume the lesser the demand fossil fuel harvested.
Energi Mine is building blockchain solutions to complement customers’ suite of energy consumption. The company currently manages over $1140 million worth of energy on behalf of its customers. The company also manages over 1,100 customer sites across Europe ( UK, France, Belgium and Netherlands). Energi Mine owns its IP, and has a suitable Deeping Learning /AI models that are operational in relation to their clients’ energy data.
Additionally, Energi Mine also educates their customers on risk management strategies especially in energy procurement although they receive fees for the services. More importantly, Energi Mine wants to ensure that people have a say, control how energy is generated – transparency on how much it cost and where it comes from.
Current Challenges Existing in the electricity market place:
- The electricity supply model is centralized. Here, there are existing small numbers of ‘large energy companies that supply millions of customers who are price takers.
- There is no transparency to users of energy and electricity is still traded over the counter (OTC).
- Lack of incentives to those who conserves energy usage – Energy Companies doesn’t reward customers who made effort in conserving energy.
- Lack of competition in running an energy company due to weighty barrier and complex regulation
Energi Mine’s Solution to these existing challenges in the electricity market:
Energi Mine’s focus is to reduce global energy consumption by incentivizing through the token model. This token platform is designed for the following;
- A reduction in global energy consumption.
- A reduction in retail energy prices.
- The creation of a friendly eco-system and a new market using blockchain at its core.
The platform will also have a dual form—which is a peer-to- peer marketplace to buy and sell energy and a reward platform.
The P2P market place is primarily designed to connect generators and consumers on a common platform. It also facilitates transparency to notoriously opaque market and enables user to connect directly without worrying over intermediaries (energy company or brokers). Additionally, the platform will also ensure the true reflectiveness of prices on the market place.
Also, the reward platform is also designed to reward energy-saving behavior with Energi Mine token (ETK). Energy saving behaviors like buying energy-efficient appliances, taking public transport and making use of less energy at home will be rewarded with ETK. With the token’s market value and more, ETK can therefore be exchanged to fiat currencies ( USD, JPY, EUR etc) or used to pay future energy bills/ electricity vehicle charging.
Project Name : Energi Mine
Token Symbol: ETK
Token Type: ERC20
Whitepaper: ETK Whitepaper
Total Token for sale: 2, 307,692, 310
Global Energy Consumption Regional Breakdown: 43% to Asia, 16% to Europe, 27% to America, 1% to Pacific, 3% to Africa , 14% to Middle East and 6% to CIS.
Price in ICO: 0.0369 USD = 1 EKT
Soft Cap: $2 million
Hard Cap: $ 15 million
Accepted Payments: ETH
Vinchain, a decentralized marketplace for trusted vehicle data raised a stunning $1.5 million (1670 ETH at current price) in less than 24 hours. Literally, the existing used car market is a market with asymmetric information; sellers significantly know more about the car than the vehicle buyers. While this is a challenging situation for used vehicle buyers, some of them have ended up being deceived by vehicle sellers because the authentic information about the car is open for the sellers alone. So, whatever information the buyer is being fed with, he believes. In fact, before the advent of Vinchain, used vehicles information are not 100% transparent, reliable and accessible to everyone.
All things being equal, Vinchain is out to change the global market of used cars by modeling it to be a transparent, honest, reliable and accessible to every participant in the network.
Here are the challenges faced by used vehicle buyers;
- Some buyers cannot fully differentiate a car in good condition from the bad one. This is usually the case, because some of these cars in crazy conditions are panelbitted to look pretty attractive; with this features, it’ll be difficult to distinguish between them.
- Vehicles information can be falsified, this include the odometer mileage, accident history, numbers of owners, usage history and other important information about the vehicles.
- This also leads to higher priced ‘good’ cars to leave the market which consequently messes up the overall quality of the secondary market.
- As a seller, you can’t ask for the actual price your vehicle worth because buyers are not convinced about the true condition of the vehicle.
- Due to the wrong perception buyers have towards used car, which is ‘that they are of poor quality,’ the availability of quality cars will continue to deteriorate until the buyers pulls out of the market completely.
- The entire existing vehicle database are closed off and do not share information with one another. In fact, currently available vehicles information are out-of-date, unreliable and not updated frequently.
- Meanwhile, this perception about second-hand vehicle could lead to the disappearance of ‘used car market;’ however, this can only be stopped if the detailed information about used cars are made symmetrical, in other words accessible by every participant.
Here are Vinchain’s unique approaches to solving these problems;
- The vinchain’s project aims at solving the problem of asymmetrical information in the used vehicle by creating a decentralized, immutable, secure, transparent and reliable lifecycle repository.
- Vinchain, being a decentralized blockchain database, keeps records of all relevant information pertaining to vehicles. Here, every car will be issued a blockchain passport, which will be stored in a distributed registry.
- Vinchain is also designed to be able to give out necessary reports that can be ordered immediately buyers, sellers or any other market participants.
- Every bit of information about a vehicle is accumulated in the databases of all system participants which are as follows: manufacturer, insurance companies, service stations, banks, dealers and leasing companies, during its entire usage period.
- The Vinchain’s blockchain-passport of the vehicle is connected to the vehicle identification number (VIN) and then placed in the Vinchain blockchain system.
- Every bit of information about the car is made transparent and accessible to everyone who has access to the system.
- To further guarantee full reliability and reinforce data security, blockchain technology and data hashing through SHA-256 cryptographic algorithm is implemented.
While the buyers and sellers of used will both benefit from the removal of information asymmetry on the used car market, the mechanics of the Vinchain system work as follows:
- A request for data is received.
- The entire chain is searched for relevant data.
- Reports are created and provided in a structured form.
- Members of the relevant registry receive a fee for providing detailed information about a vehicle.
Vinchain’s objectives on this project
- One of the vinchain’s objectives is to create a block with different levels of access and information protection. They’re also out to make data security access level to meet the needs of government agencies.
- They’re also out to connect participants in the automotive industry, such as manufacturers, insurance companies, dealers, service stations etc. into a single ecosystem for easy data exchange purposes.
- Vinchain also aims at creating a platform that provides a direct access to the database for each market participant.
More importantly, Vinchain is being managed by a team of elite members who are capable of achieving their respective roles. Aside being passion filled towards this project, they have the experience and the know-how to push this project through.
Here is how Vinchain works:
To begin with, the vehicle buyer will have to register on a service provider or through the mobile app. After completing the registration and approved, the buyer is now qualified to check the vehicle’s blockchain passport availability by entering the VIN number of the vehicle.
Next, the service provider further confirms the buyers request by checking the availability of the data in all services-providers’ databases and freely reveals the report to the buyer. However, this short freely revealed information is just a preview of the full report. So, if the buyer is not satisfied with the abbreviated report on the vehicle, he or she can proceed and purchase the full report.
Note that you pay with a pre-defined method of payment and in turn receive the full report of the car’s blockchain passport.
Vinchains Mobile App.
Vinchain’s mobile will be designed to have broad utility , as it will provide it users such as dealers, manufactures, insurance companies and so on with the best offers on car maintenance, discounts on services and even aid in refueling and washing. Interestingly, the app will help not just help control the car remotely; it will also help find the car in a huge parking lot.
Additionally, the app will also help gather statistics that pertain to personal driving style, inform the user on how to drive economically and even offer them discounts on insurance premiums.
Project Name : VinChain
Token Symbol: VIN
Platform : Graphene
Token Type: ERC20
Whitepaper: VIN Whitepaper
Total Token for sale: 600,000,000
Token distribution: 60% is distributed in ICO.
Price in ICO: 0.0250 USD = 1 VIN
Soft Cap: 3,300 ETH
Hard Cap: 23,250 ETH
Raised from token sales: $6, 197,044
Accepted Payments: ETH, BTC, LTC,DASH
Neuromation, a blockchain and distributed synthetic data platform for deep learning application, successfully raised $ 50 million through Initial coin offerings (ICO). Record has it that Neuromation sold over 60 million of its token in just eight hours after its public sales started. While distinguished participant from over 89 countries participated in the public sales of the Neuromation’s token, have it in mind that a total of 700,000,000 tokens were made available for sales.
Basically, Neuromation goal is to speedily become the world leading center for all AI services. Their platform creates a ‘synthetic learning environment’ for deep learning of neutral networks. In fact, this platform makes use of distributed computing along with blockchain proof of work token to revolutionize AI model developments.
Long before the advent of this blockchain-based solution, collecting large dataset of images, text and sound is an easy task but annotating and describing large datasets has been traditionally challenging and costly. Some companies implemented crowdsourcing, thinking it’s going to be the golden solution to describing and annotating large dataset by employing a large number of human efforts to correct this mistake and also improve accuracy but the idea failed woefully – the process was not cost effective, it was slow and above all human error. The human effort failed in estimating distance between objects, accurately translating text, quantifying lighting in a scene etc.
However, Neuromation brings to your door step the golden solution whose accuracy is an impeccable ‘synthesization.’ Synthesizing large datasets along with perfectly accurate labels has proven to be faster, more robust, less biased and perfectly accurate. Interestingly, it can also be improved to your desired taste. Apparently, synthetic datasets like objects, backgrounds, camera attributes, and environment can be combined to produce millions of for training modern AI algorithms.
Project Name : Neuromation
Token Platform : Ethereum
Total Token for sale: 700,000,000
Token distribution: 70% is distributed in ICO.
Price in ICO: 0.9150 USD = 1
Hard Cap: 200,000 ETH
Raised from token sales: $71, 600,000
Accepted Payments: ETH.
Envion, the world’s most profitable standard of self-expanding crypto infrastructure successfully raised a stunning $100 million from token sales in 31 days. According to a report on Envion’s ICO, about 30, 000 investors from all over the world participated in the sales.
Envion is introducing the future of smart decentralized blockchain infrastructure, and this global crypto-mining infrastructure has some interesting features:
It is extremely mobile – Envion has devised an extremely mobile mining solution which is hosted in standardized CSC containers and also ready “plug and play” deployment at any energy sources.
It is accessing cheap energy — The plummeted price of solar panels has led to tumbling electricity prices at photovoltaic plants globally. However, Envion’s mining units can virtually monetize free local overcapacities.
It can be remotely supported – Envion’s cutting edge mining-unit management platform is primarily designed to seamlessly connect all their units to one global , decentralized network using redundant 4G and Sat –connections.
It has a patented cooling system — Envion achieved an unprecedented power supply by implementing patented cooling system which is 40 times pretty more efficient than traditional data centres.
One interesting fact about Envion is that its global mining operation is immune to issues like energy price spike, hardware shortages, government restrictions and local regulations. Amazingly, their mining units are indefinitely scalable due to efficient, available and low –cost hardware.
Here are challenges facing the crypto mining sector:
Recently, cost and availability of electric power are two significant factors rapidly affecting mining companies, due to the rapid increase in cryptomining business model. Now, based on macro level in countries with low socio-economic and environmental standards, the demand for cheap energy (dirty energy) has led to concentration of mining operations which as negatively contributed to climate change. Also, individual and other forms of miners are becoming more vulnerable to energy price fluctuations and other regulatory changes.
On the other hand, Envion, the next generation mining company, whose technology-driven business model combines green energy sources with economic viability on a global scale, is basically designed to not just be climate friendly but also more resilient against local price fluctuations and regulatory changes, more profitable and decentralized.
Here are Envion’s technological approaches on enhancing crypto mining business:
Envion’s decentralized Mobile Mining Units (MMUs): This platform offers ‘industry 4.0 automation’ to miners, which is completely modular, scalable and requires little maintenance. Interestingly, Envion manages a variety of electricity sources and they’re also able to adapt to different climate zones. Statistically, the MMUs are built in a 20ft standard intermodal container along with a highly efficient failsafe cooling system.
Envion’s Unified Mining Cloud or central hub: This sector is designed to manage the automated decentralized operation of mobile mining units worldwide. It also reinforces MMUs in discovering the optimal mining strategy depending on the traded price of the cryptocurrency, mining difficulty, real-time energy price at location, hardware generation and many more factors. Additionally, it is spearheading all services and maintenance operations throughout the Envion network.
Envion’s Smart Energy Sourcing (SES): This is a technological approach designed to identify and secure locations with low energy prices. In fact, it is a database developed in a continuous process in cooperation with one of the most renowned scientific institutions for renewable energies in Germany. SES combines the knowledge of price structure for industrial users, feed-in tariffs for renewables, discounts for on-site consumption, grid fees, taxes, levies and exemptions – a proprietary, multi-dimensional system that helps us to clearly identify the most efficient locations for processing data and mining cryptocurrencies.
Note that MMUs, UMC and SES works together to build a complementary system.
Project Name : Envion
Token Symbol: EVN
Token Type: ERC20
Whitepaper: Envion Whitepaper
Total Token Supply: 150,000,000 USD
Token Distribution: 83% to token holders, 10% to founder team, 5% for Envion AG as reserve, and 2% for bounty program.
Price Per Token (PPT): 1 EVN = 0.70 USD
Market Cap : $ 14,601,690
Accepted Payments: ETH, BTC, USD
Volume in 24 Hours: $ 14,734