Only 12 ICOs Opening This Week

Welcome to the 30th issue of Token Report’s investor newsletter. We’re building the global financial data layer for crypto. This newsletter is based on the information flowing into our ICO database. Check our website to find out more about our product and our token.

We’re taking another dive through some of the information on ICOs in our database. In this issue, we’re looking at the SEC’s action against Munchee, a tokenized restaurant review startup, which the regulator detailed in a press release yesterday. We’ve been on the lookout against projects that promise returns for token holders, flagging that as a regulatory risk. Here’s our summary of what that looks like. Below that are all 12 ICOs opening this week, including one presale and 11 crowdsales.

Promise or even suggest gains? Your token is probably a security.

Cease and desist your offering of unregistered securities, the U.S. Securities and Exchange Commission (SEC) last month told Munchee, a San Francisco-based food review app that had an ICO planned for early November before it was approached by the regulatory body. Munchee was seeking to raise 15 million USD in an offering of tokens (MUN) that would be used to reward users for posting restaurant reviews, selling advertising and promoting in-app purchases.

The order, which can be read in its entirety here, spelled out how Munchee told investors they could expect that efforts of the company and others would lead to an increase in the value of MUN. It also went through a laundry list of other statements Munchee made, like touting its team’s expertise, for example. But the SEC emphasized Munchee’s promises to investors, as well as the company’s outlined plans to create a secondary market for the tokens; these combined would give investors a reasonable belief that their investment in MUN could generate a return.

Munchee’s discussion of investor returns was explicit. But what about projects that don’t make an explicit promise, and yet the expectation of returns is understood? NEO (formerly Antshares) may be a perfect example. We’re not aware of any occasion in which issuers of the NEO token used the word “dividend” to describe its companion token, GAS, which was issued to NEO holders. A cursory search reveals how consistently commenters are viewing it that way (here and here, for example).

So what does the promise of gains to token buyers look like? In Token Report’s database of ICOs, we have identified 30 projects where the issuers have emphasized some kind of return to investors, whether in the form of dividends or a future increase in the price of the token. These are only the ones we have identified to date.

Here are the ICOs opening this week:

1. Appcoins (APPC)
2. Retainly (RETN)
3. Lendoit (LOAN)
4. Aidcoin (AID)
5. ARNA Genomics (ARNA)
6. Ignite Ratings (IGNT)
7. Gatcoin (GAT)
8. Epsilon (EPS)
9. Unolabo (UNLB)
10. Propify (REAL ESTATE)
11. BmyBit (BMYC)
12. Bounty0x (BNTY)

Appcoins (APPC)
Documentation
Forum
Open Date: Dec. 13
Hard cap: 15.3M USD

Appcoins is a distributed open protocol for app stores, providing a platform for developers to advertise their apps and pay tokens to users for two minutes of attention. Appcoins is also building a payments and billing solution that works across all app stores once integrated once. Appcoins is supported by Aptoide, an independent Android app store that has 200 million active users.

Retainly (RETN)
Documentation
Forum
Open Date: Dec. 15
Hard cap: N/A

Retainly is building a customer loyalty platform for internet-based businesses called Collie that will give customers automatic reward points that can be exchanged for cryptocurrencies and fiat currencies. On it, customers will be able to create custom events and set up rewards for each event. These points are then associated with the RETN token which can be exchanged for cash or traded for ETH or BTC. Collie will be supported on the backend by Retainly, an existing email marketing automation platform.

Lendoit (LOAN)
Documentation
Forum
Open Date: Dec. 13
Hard cap: N/A

Lendoit is a peer-to-peer lending marketplace connecting borrowers to lenders on a platform that is integrated with third-party scoring and verification providers, and collector companies. Loans can be given in any ERC20 token.

Aidcoin (AID)
Documentation
Forum
Open Date: Dec. 15
Hard cap: 100,000 ETH

Aidcoin is a payment gateway that aims to allow charities to accept donations in cryptocurrency. The platform will convert cryptocurrencies into AidCoin and provide a tax deduction receipt to donors. It’s a project by charity auction fundraising platform CharityStars which has raised 10 million USD since 2013.

ARNA Genomics (ARNA)
Documentation
Forum
Open Date: Dec. 15
Hard cap: 40M USD

The project has two components: ARNA BC, a breast cancer test; and ARNA Panacea, a healthcare platform validating test results and medical records. The company envisions the Panacea platform to be a reference point in the future for cancer treatment for patients, doctors and healthcare insurance companies. The ARNA VIP Rewards program will allow individuals who hold at least 500,000 ARNA tokens to sign a “futures contract” granting them the ability to purchase shares at 0.00001 USD if ARNA Genomics conducts an IPO. The beta version of the ARNA Panacea platform is scheduled to be released in mid-2018. ARNA tokens will be used to pay for ARNA tests, fund breast cancer treatment and access research data.

Ignite Ratings (IGNT)
Documentation
Forum
Presale Open Date: Dec. 15
Crowdsale Open Date: Jan. 15, 2018
Hard cap: N/A

Ignite Ratings is a crowdsourced ratings platform and investment index for cryptocurrencies, aiming to be a reliable source of information for tokens. Ignite token holders are promised with a source of income from the crowd-managed index linked to digital assets.

Gatcoin (GAT)
Documentation
Forum
Open Date: Dec. 15
Hard cap: 3.6M USD

The Gatcoin token is a cryptocurrency that powers a system in which merchants may issue their own branded tokens that can be used towards discounts, gift cards and promotional offerings for its customers. It aims to create a platform on which merchants can easily and quickly issue digital tokens. The system will include a wallet, marketplace and cryptocurrency exchange.

Epsilon (EPS)
Documentation
Forum
Open Date: Dec. 13
Hard cap: 21,000 ETH

Epsilon is a targeted search engine and task platform to connect users with the right people who can answer their queries. The goal of the website is to find an executor for the customer, and to reward the executor for performing a certain task or answering questions.

Unolabo (UNLB)
Documentation
Forum
Open Date: Dec. 15
Hard cap: 71,238 ETH

Unolabo is a freelance marketplace with a built-in payments system. It aims to be a jobs platform that also provides financial services for the self-employed in order to aid with taxes, insurance and entrepreneurial risk assessment.

Propify (REAL ESTATE)
Documentation
Open Date: Dec. 14
Hard cap: 50,000 ETH

Marketed as an alternative to Zillow, Propify is a real estate marketing platform with property updates on the blockchain with a social media user interface.

BmyBit (BMYC)
Documentation
Open Date: Dec. 15
Hard cap: N/A

BmyBit enables automatic trading across multiple digital assets exchanges. BmyBit’s so-called Personal Automated Trading System (PATS) is a cloud-based web application using predictive analytics, interconnected with digital exchanges through APIs. The software is governed by a control panel, which embeds trading functionalities to enhance usability and performance. BmyBit’s token, BmyCoin (BMYC), is a multi-chain-based token. A key design principle of MultiChain is maximal compatibility with Bitcoin Core, the reference client for the bitcoin network. The token allows users registered at bmybit.com to pay fees to use the platform’s services as well as to hold a portion of the PATS platform. Since holding BMYC gives users a portion of the PATS platform, holders are entitled to dividends on a quarterly basis from the platform.

Bounty 0x (BNTY)
Documentation
Open Date: Dec. 15
Hard cap: 10M USD

Bounty0x is building a platform for the management of token bounties to allow projects to host bounty campaigns, disburse payments, post listings, and submit reviews. It will host a verification process and reputation system to ensure that bounties get completed on time and successfully before any payment is made.

Token Report is an independent financial information service founded by Galen Moore and Peter Vessenes. Galen is a financial journalist with a background in startups, venture capital and launching news sites. Peter is a co-founder of the Bitcoin Foundation, and launched the first VC-backed Bitcoin company in 2011. He is managing director at New Alchemy, a boutique consulting and investment group based in Seattle, Wash., that is making a pre-seed investment in Token Report.​

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