BAT, Tezos, EOS, PrimalBase, Civic, SONM — a digest of passed ICOs by BlockStarter

Blockchain Ninja
Blockchain Media

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Over the last few months, a huge number of blockchain related companies held their ICOs. Some of them were successful, the others were not. We at BlockStarter could not pass up and decided to discover every week the most unusual, striking projects that have finished their ICO or are planning the crowdsale.

Brave browser (BAT)

Website: brave.com

ICO date: May 31

Raised funds: $35 mln in 30 seconds

The Brave browser, created by Mozilla co-founder Brendan Eich, was launched in 2016.The program contains a built-in ad blocker and provides payments based on blockchain technology that allows users to anonymously pay site owners.Developers want to create a model in which users of Brave will be rewarded in the form of BAT tokens for watching adverts. According to the developers, users can choose which ads they want to see, and receive a portion of the BATs, paid by the publishers. The company guarantees the user anonymity and the protection of personal data.

The team had planned to gain from 4 to 15 mln dollars, thus, during the ICO they have gained three times more than expected for only half a minute.

Tezos

Website: tezos.com

ICO date: June 1 — July 12

Raised funds: $160 mln in 32 hours

The project aims to develop an innovative system of smart contracts. The system is a separate blockchain — this distinguishes the project from most of the cryptocurrency ICOs, based on existing platforms. The consensus is achieved by the fact that participants are allowed to confirm the transaction. Tezos is called an “Ethereum killer”, as it represents a new, more stable blockchain network.

The key features of the project are development since 2014 (i.e., this is a real project, not theoretical ideas), and support by the well-known venture capital investor Tim Draper.

EOS

Website: eos.io

ICO date: June 26

Raised funds: $185 mln in 5 days

EOS is a new platform that allows developers to build applications on the blockchain over the protocol. EOS software will present the new architecture of the blockchain, which allows vertical and horizontal scaling of decentralized applications.

According to the statements of the startup, the EOS platform can process hundreds of thousands of user transactions without charging fees. On the official website, the EOS team also said that the software will be released under open source license.

The EOS project was announced in May, during the Consensus conference in New York, and one of its masterminds is well-known Dan Larimer, the creator of BitShares and Steemit. EOS crowdsale was launched on 26th June 2017 and will be divided into periods as far as completing the campaign on 1 June 2018. The total number of tokens is limited and will reach 1 billion.

The project has aroused many conflicting opinions. It attracted great interest from investors, but analysts were not so favorable. They noted that the project has no technical implementation yet and presents only some ideas. Only time will tell whether the project is successful not only in ICO but in the real business model.

PrimalBase

Website: primalbase.com

ICO date: June 26

Raised funds: $7.8 mln

This project brings office rent into the ecosystem, which is based on the multi-stakeholder community. Primalbase users have the ability to transfer, sell or lease commercial property (offices) using Ethereum and Waves tokens. This is quite an interesting and unusual project, which has sparked the interest of many investors and individuals.

It is known that a large part sold in the ICO tokens — 1000 — was purchased by investors at a bonus price of three bitcoins per unit. It is also reported that additional sales of PBT tokens will not be held, but the startup plans to launch related projects that will increase PBT value for the current investors.

Civic

Website: civic.com

ICO date: June 21–28

Raised funds: $33 mln ($29 mln in 24 hours)

Civic is a digital platform that provides reliable decentralized identification in accordance with the laws and regulations adopted in various countries around the world. The first version of the product resembles Facebook Connect, which allows third parties to identify you when you register and log on to your account. But, unlike Facebook, Civic allows users to control what data will be transferred during the authentication process. Thus, the users themselves own and manage their own data, not a third-party platform that can make a profit by selling personal information to intrusive advertisers.

This project has already attracted much attention, mainly because it is led by well-known businessman and an ardent supporter of cryptocurrency Vinny Lingham. Before the start of the ICO Civic had a well-functioning mobile app that makes it much more professional than most of the cryptocurrency ICO, beginning exclusively with a weak theoretical concept. The Civic product works in the world, and in the current year, the company received the award for its project.It should be noted that due to the overload of Ethereum network Civic had to suspend the crowdsale.

SONM

Website: sonm.io

ICO date: June 15–18

Raised funds: $42 mln (10 000 ETH in 10 hours)

SONM (Supercomputer Organized by Network Mining) is developing a worldwide decentralized supercomputer for calculations of any complexity by using fog computing. The startup was founded by developer Sergey Ponomarev and chemist Andrei Voronkov.

The company announced the successful completion of the ICO on the Ethereum platform on June 18. The next day on professional forums there appeared many comments from investors who had invested in the project at the stage of tokens pre-sale in April. The reason for the scandal was the sharp jump of the Ethereum price — during April — June it has increased seven times, from $50 to $350.

This digest is brought to you by BlockStarter — a platform for launching ICO campaigns.

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Blockchain Ninja
Blockchain Media

From old school Bitcoin to bleeding edge platforms like Ethereum, Golem, and Aeternity. News and thoughts about decentralized future.