Four ICOs Every Crypto Investor Must Own This Year
With the crypto space and ICOs in particular facing the double-edged sword of unprecedented growth and regulatory scrutiny, legitimacy is more important than ever. There are thousands of cryptos already in the post ICO phase being traded on exchanges, and thousands more on deck seeking funding like the IPOs of yesteryear (well, the 1990’s). Investors are looking for strong fundamentals, which includes use cases, working product, tokenization, and a strong development team. When we narrow our focus on ICOs that meet all of thes requirements, some strong frontrunners begin to emerge that are sure to rise above the rest.
Edenchain
EdenChain.io [link]is a Blockchain Platform Technology which aims to implement what they call a Programmable Economy. With the EdenChain platform, users can capitalize tangible/intangible values, and trade them over the blockchain. According to communication from the company, Edenchain could be used easily by any company/organization/individual who needs to implement blockchain technology and tokenize it.
The company aims to provide a pervasive blockchain and token platform for applications across the board, including IoT, Energy, AdTech, P2P finance, Healthcare etc.
Key Elements needed for a programmable economy
At the core of Edenchain is a powerful smart contract play, which isn’t based on the Bitcoin or Ethereum blockchain. They do so to cater specifically for security and increased performance. This comes through in their adoption of the permissioned blockchain approach, akin to Hyperledger or Kedana.
Increased Security
According to their whitepaper, conventional blockchain technologies such as Bitcoin and Ethereum are unsafe because they are exposed to hacker attacks because they do not guarantee the trust of interworking with external systems required in non-deterministic smart contracts. EdenChain uses the E-Bridge layer to retrieve data from multiple data sources when a non-deterministic smart contract is interfaced with an external system, encrypts the data, and uses a median voter theorem (MVT) securing trust, and defending against hacker attacks.
Increased Performance
On the performance aspect, EdenChain combines Namespace with Merkle Tree, isolates transactions by Namespace, and secures performance and scalability by constructing an execution system capable of parallel processing by Namespace without processing one transaction at a time.
With these two pillars, EdenChain believes it can create a platform for a sustainable and scalable programmable economy.
Vectorspace
The Vectorspace AI [link]platform enables ‘Smart Basket’ (token baskets for traders, funds, ETFs) generation based on user-selected trends that exist in search, social media and news. Their ‘Smart Baskets’ are based on the ability for these baskets to determine for themselves whether or not to include additional cryptocurrencies or components from related baskets that may increase overall returns. Baskets that interact this way with one another will conduct these kinds of transactions between one another using the Vectorspace utility token VEC, which is also required to dynamically generate baskets.
Vectorspace looks to be designed to help you increase your profits with other cryptocurrencies by reducing risk and maximizing your gains. Their focus is on “Advanced Natural Language Processing (NLP) & Sentiment Analysis for Smart Cryptocurrency Basket Trading” and they have live products any crypto trader can use today. Their site updates every few minutes powered by their algorithms. It looks like they’re at the early stages of their pre-ICO but further along in terms of their product offerings released in addition to their patents referenced on their crowdsale page in collaboration with Lawrence Berkeley National Laboratory and Google.
According to their whitepaper: “A growing number of organizations offer the ability to trade a basket or group of cryptocurrencies with a single transaction. Similar to a traditional ETF (Exchange-Traded Fund), “token baskets” as they’re more commonly called, enable a fund or individual investor to spread their risk, diversify and lower volatility while maximizing gains with more safety and stability. This approach is valuable but incomplete. For example, taking the top 20 best performing cryptocurrencies and placing them in a basket or fund minimizes gains compared to enabling fine-grained custom creation of token baskets. Which groups of cryptocurrencies are beating the market? Why? What do they have in common? How strong are those relationships? Are those relationships well known and obvious or are they hidden relationships? Are the relationships numerical or nonnumerical, based on concepts, context and sentiment, or a combination of both?”
These are the questions Crypto Discover is designed to answer. Vectorspace AI’s Crypto Discover platform is an advanced cryptocurrency discovery engine that enables a user to automatically generate a token basket or “mini-index fund” made up of cryptocurrencies that are related to trends in news, global and local searches, concepts, context, keywords, hashtags, social media, URLs and other “dynamic content.”
Vectorspace is a pre-ICO company so it might be possible to position in early here. Join the Vectorspace Telegram group for more information on the project here.
CoinMetro
CoinMetro [link]is an advanced crypto currency monetary platform that operates with the technology of blockchains. Despite being one of the newest in the ICO sector, CoinMetro aims to bring quality to the process of obtaining crypto currency for both individual and institutional investors and nearly all entity that intends to participate in the crypto currency ecosystem.
ICO EXPRESS PLATFORM
CoinMetro plans to provide a strong turnkey ICO Express Platform that will offer vetted ICO’s access to transparent and secure funding rounds. Through the turnkey ICO solution, investors will be able to issue ICO contracts and tokens using input parameters. It is also proposed that an automatic smart contract mechanism competent of creating smart contracts and deploying them on the Ethereum, NEM and NEO blockchains.
There are different types of deposit options available with CoinMetro in either Fiat or crypto currency form. Investors can easily choose any method that is more favorable to them at any given time. Example of deposit options provided by CoinMetro includes; local bank deposit, SEPA transfer, SWIFT transfer, credit card and E-wallets.
CoinMetro’s most unique and useful feature is that it enables its users to easily switch their assets/funds between numerous managers. This is an added advantage of CoinMetro due to the fact that this type of flexible technology is very uncommon in the crypto currency market. In the future, the platform investors will be able to make use of a debit card that can function globally on ATM machines or where there is a retail outlet. CoinMetro’s Telegram can be found here.
CoinLion
CoinLion [link] is building the world’s first cryptocurrency trading platform with built-in portfolio management, atomic swaps, publishing and promotional toolset, dual blockchain order book system, and token generation capabilities. Using the ERC20 smart contract powered by Ethereum, CoinLion will introduce a token, LION, that interacts with the platform. Users can spend and earn LION in many ways, including creating and sharing portfolios, strategies, research and content relating to the management of cryptocurrencies.
Currently the absence of quality information and easy-to-use tools has created a barrier to entry for users. There is a need for trusted applications that allow everyday users to exchange and manage digital assets easily and efficiently. In addition, there is no way to manage hundreds of digital assets efficiently.
The CoinLion Platform gives users the tools they need to make expert trading decisions. The platform also give users the power to learn, grow and build by sharing portfolios, strategies, and research. A native token, LION, gives users the potential to earn by providing value to the community and the CoinLion Platform, in turn creating an ecosystem where users can earn and spend while trading and managing digital assets.
LION has many uses within the platform, allowing any user to spend and earn LION in a variety of ways. This includes earning LION from the CoinLion Platform itself. LION can be earned by (i) creating and sharing portfolios, research, and strategies with other users, (ii) submitting research CoinLion publishes within the platform, (iii) becoming a top performer within the CoinLion Platform, and (iv) allowing advertisers to access your public profile and more.
Spend LION to (i) follow and duplicate users’ portfolios (ii) create and publish multiple portfolios and access advanced features within the portfolio management tool (iii) access premium features within a world class research and analytics library (iv) promote your portfolios on CoinLion’s featured portfolio list (v) trade for free within the LION market, and (vi) access discounts on ICOs featured on the platform.
CoinLion aims to simplify and enhance the user experience when managing digital assets. CoinLion is building an environment where users are empowered to create and share portfolios, strategies, research, and more.