4 Best ICOs You Should Follow in May
May is presenting itself as a month full of new and interesting projects coming into the market. As always, we have been combing through the multiplicity of new proposals to bring you the most interesting crowd sales of the coming weeks. Here is our selection of the four ICOs to follow in May:
Arweave
What is Arweave
Arweave is building a distributed ecosystem for permanent and low-cost data storage. For that, it is developing a blockchain based on a new form of transaction confirmation consensus called “proof of access”. This method permits the creation of what the Arweave team calls a Blockweave, that instead of depending on the previous block in the network for the confirmation of the new one, it uses a randomly chosen block from the network to confirm the legitimacy of the transaction. This allows miners to store only a random number of previous blocks to confirm transactions rather than the whole blockchain. In practice, it translates in a more lightweight ecosystem, faster transactions, less energy consumption, permanent records and lower costs.
Why we like Arweave
The Arweave project proposes a new vision for the organization and storage of permanent data on the blockchain, an activity that so far is still prohibitively expensive in large scale. While the team’s technological proposal is of great interest, what really attracts us to this project is the ready to deploy platform. Even if the team did decide to postpone the crowd sale, which was supposed to start a month ago, they are sticking to their deadline for the deployment of their blockweave mainnet on the 8th of June. From then on, Arweave’s users will be able to use, trade, and sell their AR.cash token as well as permanently store their data on the network.
Date: Not Yet Defined
Ticker: AR
Token type: Native Wallet
Sale Target: USD$8,7 Million
Total Tokens: 66 Million
Available for Token Sale: 20,6%
Whitelist: Yes
Essentia
What is Essentia
The Essentia project is developing a framework for users to be able to access centralized and decentralized apps, undergo identification procedures, manage online and offline data and exchange digital tokens, all from one entry point, or seed. The network will allow for cross-chain and multi-chain use as well as management of on-chain storage and cold storage data. In essence the team defines Essentia as the one seed for the “decentralized digital life”.
Why we like Essentia
Essentia is answering a very clear challenge of the blockchain ecosystem today. Wallet back-ups, back-up phrases, private keys, wallets for multiple chains, multiple exchange accounts, data cold storage and on-chain transactions; the amount of different codes, passwords and sign-ins grows exponentially with time, and with it the risk of loss. Essentia will overcome this issue creating a multi-chain one seed entry point for all user accounts on any platform. On top of that, it will run on masternodes, which we believe is a major plus.
Further, the team has already established partnerships with the Finnish government, to find solutions to fight unemployment through the use of the Essentia platform, and with the Dutch authorities, to held improve border control.
Date: Starts 7th June
Ticker: ESS
Token type: ERC20
ICO Token Price: 1 ESS = 0.0430 USD
Sale Target: USD$25.5 Million
Available Tokens for ICO: 35%
Whitelist: Yes
Foam Protocol
What is Foam Protocol
The Foam Protocol is building a geolocation system based on a network of autonomous radio beacons. These beacons employ Foam’s proof of location protocol to permit users and authorized third parties to dynamically follow and record real live location data of a person or an object. Beyond its many other potential applications, FOAM will permit the construction of a consensus-driven map of the world on top of the Ethereum ecosystem, opening the door to one of the first iteration into espacial mapping on the blockchain.
Why we like Foam Protocol
Foam Protocol’s value proposition is not only enticing but quite original. The team is addressing three main issues; location data encoding/security; user experience with location applications; and reliability of espacial data. No other project in the market has approached the issue of geolocation in quite this way, and with the growth of location dependent applications, services and industries, the Foam Protocol can come to have quite a significant impact in the future.
Date: May/June
Ticker: FOAM
Token type: ERC20
Newton Protocol
What is Newton Protocol
The Newton Protocol is an e-commerce directed project that will offer a new form of organization for the sector through decentralization, in what the team calls a protocol-based economy. They will deploy a new blockchain named NewChain, that will be composed by a main chain and a number of side-chains. The transactions and accounts will reside on the main chain, as usual, but all the Dapps, services and specific needs of each e-commerce player will be supported on their own dedicated side-chain.
Why we like Newton Protocol
Newton Protocol first caught our attention because it is led by Xu Jizhe, better known for his work with the Elastos Project, today a USD$250 million market cap blockchain endeavour.
While side-chains are not a particularly original solution anymore, Newton’s e-commerce focus comes with a suite of capabilities specially designed to make retailer’s lives easier, including digital marketing, supply chain management and payment mechanisms, in a way that had not been presented yet. Further, they have already established several partnerships with retailers in China, including OkBuy, the major e-commerce platform. It has gathered a considerable amount of hype even before releasing a white paper, which definitely justifies following it closely.
Date: Not Set
Ticker: Unknown
Token type: Native Wallet
There you go. This is our selection of the most interesting ICOs for you to follow in the coming weeks. Some of these are still a bit down the road, but we believe it is better to be early than late when it comes to ICOs. Stay tuned for our updates and join our Coinvision Premium community to be the first to get alerts about high ROI opportunities.
Disclaimer
We are stating our vision and opinions, we are not giving you financial advice and if you invest in this project it is your full responsibility. You are investing at your own risk. Always invest only what you can afford to lose and try to diversify your investments. Finally, do your own homework and learn about the project use case, roadmap and team.
Originally published at www.coinvision.co.
