ConsenSys Ventures had earlier on April 1st released a press release concerning several blockchain start-up projects they intended to back for the year 2019, through their accelerator program Tachyon; which was launched in Berlin at
The privacy of digital data on the global network finds a new competitor in the crypto universe. From the outset, the team of P2P Solutions Foundation points out a clear global problem; anything that is digitally exchanged with anyone, anywhere, is not protected by any privacy standard. Including information exchanged on corporate networks (private intranets). Right now the vast majority of Internet and Intranet activity is constantly monitored. At certain bottlenecks, the tracked information may be sensitive to the parties. In this way, new models are needed in which the activity is properly protected.
P2P Solutions Foundation presents a data management model that respects the privacy of all parties, including users seeking to store sensitive data or to exchange it with another entity or person. In most recent years, there have been several huge data breaches. In other words, giants such as Facebook or Coinbase have recognized problems in data management. Data that ends up in the hands of third parties without user’s knowledge. In some cases, they are intentional sales. Therefore, a reliable, committed and impartial infrastructure is needed.
The innovatively engineered ecosystem provides a secure platform whereby users can exchange confidential digital files or assets. This process is completed without any interference from third parties; not even a network or system administrator. So, P2PS is a peer-to-peer platform that protects data without compromising parties. Therefore, it facilitates confidentiality to users without advanced knowledge of cryptography. At the same time, it is not limited to one function. But it can also protect, for example, your medical records, banking information, and other sensitive digital assets, during the exchange between two parties. These platforms today are simply inexistent.
This does not happen overnight, the ability to assert such solidity has its roots; an experienced group has focused on build a system for the people to exchange confidential and digital assets without third-party interference. Leading the project is Jameel A. Shariff (CEO and Board member); he is a third-generation entrepreneur and visionary, with advanced degrees from European and American educational institutions. Four years of U.S. Bachelor of Science in Business Administration (BSBM), and Master of Business Administration (MBA) in Business Administration, also from the U.S. Both BSBM and MBA were awarded to Jameel with the highest honor and distinction of “Summa Cum Laude”.
On the board we find an experienced team with Ian Scarffe as business ambassador; Ian is a renowned leading expert in the Bitcoin, Blockchain and Crypto industries, Top advisor #1 at ICObench. David Drake , founder and president of LDJCapital. Sydney Ifergan , an experienced Top Advisor #10 at ICObench as a member of the advisory board. Ken Tachibana, technical and Financial Specialist PLUS Advisor on the Advisory Board of P2P Solutions Foundation. These details are reasons of great weight, the team starts from a proven base, personalities with extensive careers, solvency, and commitment entrenched in the sector.
As a result, the P2P Solutions Foundation has received outstanding ratings from many of the leading crypto space review and evaluation sites. 5.0 in TrackICO, 4.9 in ICOBench and 4.31 in ICO Market Data. However, it is not only due to the solid team. The biggest concern of any CEO or CIO who runs a company with confidential digital transactions today is the high cost of data security. Today, cyber security breaches around the world have an enormous associated cost; it rises to hundreds of billions annually. Let’s get into the details of the platform.
The privacy of digital data is an approach with an upward trend; the concern at digital communities is proven. That’s why we consider the P2P Solutions Foundation perspective especially interesting. The fact of offering an ecosystem in which to safeguard information is needed for all kinds of people. Journalists who need to save their person or sources, governments with little infrastructure in cybersecurity and digital data management… the use cases run into thousands. Although diversity and healthy competition are necessary, this new competitor joins the existing choices of security but has positioned itself uniquely from the privacy angle.
With a solid pre-existing infrastructure, P2PS begins its journey in cryptospace. It’s the essence of operating digitally without a 3rd party or even an administrator; users get a platform where all interactions and transactions are completely safe, fast and confidential. One detail to consider is the alternative proposed to traditional centralized models. This includes a wide range of potential users ranging from lawyers to multinational companies in traditional industry sectors. Secure digitization has come from P2P Solutions. The corporative world includes billions of user accounts in a total sum of sensitive data collected.
This means an infinite number of attack vectors to privacy and confidentiality. For this reason, simple and consistent models are needed in a global economy. P2PS transfers the power of the most professional encryption to a simple user interface. Providing a fully operational platform from the first day. Once the management of confidential data is secured, the user must ensure that it is stored securely; another strength of P2PS. The platform doesn’t host a whole bunch of extravagant or unnecessary features, it’s about privacy and the responsible team prides itself in being extremely good at it. Recent cases of hacking and data breaches attest to the fundamental importance of a safe software and ecosystem. Both call for such characteristics and boost the estimated potential value of the P2PS token.
The P2PS token has been designed under the Ethereum network compatible standard. This significantly facilitates the token’s interoperability. It is also compatible with a huge range of developments based on the Ethereum network (like exchanges or dApps). After purchasing the P2PS tokens, the user in question can deposit them in a wallet compatible with standard ERC20 tokens. Including obviously the most adopted by the community such as MyEtherWallet, MetaMask, Mist, Parity, Imtoken, and so on.
The ICO event of the P2PS token takes place gradually until the hard cap is achieved. During the ICO process (already active) and its phases, the maximum collection (hard cap) is 136,000 Eth; or approximately $50 million at an average of $370 for each Ether. Considering the tokens that are given as a bonus to an average of 20% from the 50 million P2PS tokens. The Soft Cap is equivalent to $750000 (read the Pre-ICO & ICO FAQ section on the web).
As is well indicated in the documentation, the market study before the launch of the ICO suggests a positive framework. The diversified focus on three kinds of audiences generates synergies, fuelling the demand of tokens. The traditional audiences of the blockchain sector, traditional institutions seeking to digitize their systems with high technology and e-commerce places. P2PS must increase its value due to various traders, service providers and markets in countries around the world that adopt the P2PS ecosystem. Largely due to its multilingual interface, fast, easy to use & intuitive to user behavior. This means comfort, ease of use, safety, confidentiality… and many other useful features.
Many of the features mentioned are essential for the next wave of global adoption. The ISI Group Consortium is appreciated as a sponsor on the website and documentation. ISI Group is composed of multinational corporations involved in unique and innovative solutions. This is very useful for governments, education, banking, telecoms, IT, IoT and other industries. Digital file management requires first-rate infrastructure at all scales, seriousness and first level commitment. The funds raised during the token sale period (pre-ICO & ICO phases) will be used according to the described plan, which will also increase the value of P2PS.
Hundreds of new cryptocurrencies enter the market every single month. Not all of them will survive the ultra-competitive cryptocurrency niche. Most altcoins will never see the light of day or inherit anything close to resembling mass adoption. From countless amounts of coins that have come out this year, there are only a few altcoins that will see a 100x increase in their valuation.
Before we move forward, always remember to do your own due diligence above anything you read online or hear on YouTube. The list below does not represent financial advice nor are we financial advisors.
As a rule of thumb, projects that solve real-world problems get more attention and have higher chances of success. These are simply the top 10 altcoins we have personally investigated which represent a high chance of 100Xing profit in the years to come and solve real-world problems.
Don’t take our 100X prediction as gospel or fact. As always, DYOR!
With that said, let’s move on…
The crypto marketplace underwent a huge correction after bitcoin’s value shot up to $20k USD back in 2017. By early 2018, many coins regained some of their valuations and the market experienced a small bull run. However, the list below has the best chance of multiplying your returns when the next bull run starts.
|NOTE: Not all of these coins will hit the 100x mark. Some of them may go as far as 10x or 20x and stagnate. Some may fail to cross 2x while a few others may even lose their current value. Be aware of the volatile nature within the cryptocurrency market before investing any amount of your hard earned income.|
Without further ado, here are our Top 10 Altcoin Candidates who have the potential to 100X their current price within the years to follow.
ICON wants to build the world biggest decentralized network. They are doing this by enabling blockchains to interact with each other via smart contracts. The project held their ICO at the end of 2017 and the team released a desktop wallet, ICONex. The wallet supports their native coin ICON, ETH and other ERC20 tokens. There are plans to expand the wallet support to Android and iOS in the near future.
The project has deployed ERC20 tokens for now. These will be converted to ICX tokens once their Mainnet becomes active. ICON has already put most of their technological pieces in order and is now focusing on the business aspect of their company.
Armed with an excellent real-world application, ICON is bound to improve its valuation in the coming months.
You can purchase ICX at Binance
Kyber is a fantastic cryptocurrency project that is undervalued in its pricing.
Based on Ethereum protocol, Kyber Network (KNC) facilitates the immediate exchange of digital assets like tokens and coins with the fiat currency like USD or EUR. It is a decentralized exchange with a real-world connection. Kyber is one project that went public with the support from of Vitalik Buterin, the co-founder of Ethereum.
Most cryptocurrency exchanges suffer from a liquidity problem. Centralized exchanges are often prime targets for hack attacks. There are few exchanges that can convert your cash into coins or vice versa but the cost of the conversion is usually very high.
Decentralized Exchanges (DE) also suffer from liquidity problems because a majority of their transactions are of low value.
Kyber’s model ensures Decentralized Exchanges have liquidity at all times. And since the transactions do not happen on the blockchain, the processing is almost instantaneous.
Kyber’s coin KNC is deflationary in nature because, after each transaction, a certain number of coins are taken out of supply. Over time, the supply of coins will reduce and its value will appreciate. Since the network serves a real-world need, its value will go up as their adoption increases.
Compared to other exchanges, Kyber is currently undervalued and its proposition makes it attractive, especially as the number of cryptocurrencies increases over time.
You can purchase KNC on Binance
Vibe jumped 400% in value within 24 hours a few months ago and we believe this may happen once again in the future. It is the native currency of a blockchain platform called the Vibehub. Vibehub started as a music-centric application but now it has become a major virtual reality application. The platform provides virtual space to people enabling them to take part in events around the world. Using the power of Augmented Reality, you can now participate in meetings, live events like sports, concerts and even meet new people, without any geographic restrictions.
The platform is based on the Ethereum blockchain and Vibe coins are used to pay for services rendered. Vibehub allows artists and teachers to use virtual reality to reach people across the globe. It plans to generate revenue from the augmented and virtual reality content.
Based on its usefulness and real-world application, as well as the roadmap the team has announced, this coin will most likely climb up the charts again and create another record for itself.
You can purchase VIBE on Binance
VeChain is a blockchain based platform that provides tamper proof information around products to specific merchants. It brings a new level of transparency to supply chain management, business operations, etc. Based on a decentralized architecture, the platform aims to become a one-point reference for all stakeholders in the supply chain system.
The VeChain Foundation started off as a supply chain company that produced RFID tags. They later decided to take advantage of the immutable nature of blockchain platform and combine it with the in-house knowledge of RFIDs to create an Ethereum like Enterprise DApp specifically to secure the supply chains systems.
VeChain’s in-house smart chip helps track the movement of goods throughout the product lifecycle and makes it easy for the management to protect their supply chain against tampering and counterfeit goods.
By building a more trusting blockchain tracking system, VeChain has helped businesses…
VeChain platform uses two native coins, VeChain Tokens [VET] and THOR power to maintain the platform. The priority of processing will be decided based on the amount of VET a business holds.
VeChain boasts of solid B2B tools and is an excellent cryptocurrency candidate for increasingly steady price movement.
You can purchase VEN at Binance
While there are hundreds of bitcoin alternatives whose primary function is that of a currency, Ethereum became the first platform that fully leveraged the power of blockchain technology.
It became the platform to emulate, and a place to develop your own projects using DApps. As a result, there are hundreds of new projects and their native tokens in circulation today.
QuantStamp is the security auditing protocol running on the Etherum platform. Its primary focus is security checks on the Ethereum based smart contracts before projects hit the market.
The attacks on DAO and Parity wallet bugs are the type of incidents that can be avoided by using a service like QuantStamp. With a massive increase in the number of smart contracts being written, this service will be in great demand for the foreseeable future.
Purchase QSP on Binance
Based on the Walimai technology, WaBi is a cryptocurrency that is used as an anti-counterfeit system.
Walimai technology makes it possible to create a digital representation of each physical item produced by the manufacturer. The consumers can verify the authenticity of these products and purchase them by using Wabi coins. The Wabi blockchain is being used to protect daily consumables like food items, alcohol, pharmaceuticals, etc. Although the scope of this project is limited, the growth potential for this cryptocurrency is enormous as its first target market was China. After succeeding in countering fake goods within the country, WaBi is planning to move to other Asian countries in the future.
Purchase WABI on Binance
Simple Token allows any business to create their own digital currency by using Ethereum’s public sidechain solution. Businesses can use the OpenST protocol to create branded tokens without investing in the development of its own blockchain.
The key idea behind the project is to take away all the expensive development issues and provide the advantages of blockchain technology in a more hassle-free manner.
Their OpenST protocol makes it easy for Ethereum’s sidechain solutions to scale.
The relationship between ETH and OST is touted to be just like NXT and ARDR. This coin is expected to skyrocket within the foreseeable future.
Purchase Simple Token on Binance
DragonChain was originally created by Disney as a private blockchain. In 2016, it was released as an open source software used to secure business databases and execute smart contracts without any technical expertise. This platform makes it easy for businesses to incorporate blockchain into their applications and enjoy the benefits of this innovative technology. Their business model is ‘blockchain-as-a-service’ so that anyone can implement the technology without the technical know-how.
DragonChain can be considered as an incubator for blockchain based projects. Businesses can even run their ICOs on the platform. With a single KYC, US investors can take part in any of the ICOs within the DragonChain network.
The project incentivizes people to hold their DRGN coins in a private wallet and not use them in order to obtain a higher slumber score. A high slumber score gives them early access to exciting ICOs in the DragonChain marketplace. The reduced number of coins in the system is bound exponentially excel the price upward.
This coin is best to treated as a long-term hold since it houses over 200 active projects/businesses that can explode at any moment. With a solid management and development team, don’t be surprised if it quickly becomes the next 100x multiplier. This cryptocurrency probably one of the best long-term hold from our top 10 picks.
Purchase DRGN on Kucoin
Oyster Pearl is a second generation blockchain working towards empowering conventional applications with blockchain technology. Advertising on the internet has gotten a little out of control. Flashing banners and predatory, malicious, adware ads are making it hard for people to pay attention to the content they chose to read. Some readers switched to ad-blockers, however to counter this, the content providers started to deploy ad-block detectors to ensure they can still show a few ads in order to pay the bills.
Oyster Pearl wants to clean up the intrusive ads and still ensure content creators have a viable revenue model. PRL was built upon the IOTA Tangle, that allows the website visitor’s computer to contribute a small amount of hashing power instead of showing them an ad. This hash power is used to confirm the network transactions and gives the web host/ content creator some income.
As the internet usage and web economy grow, PRL will grow along with them which is why they are a good buy at this time.
You can purchase PRL on Kucoin
Among all the coins in our list, Deep Brain Chain (DBC) has the highest chance for a massive moon-shot. In fact, if you are reading this article a few months later, it has probably crossed the 100x mark. DBC is a NEO based smart contract token and is traded on the Kucoin exchange. It is also expected to be on Houbi shortly. DBC provides a low cost, decentralized, private AI computing platform. It pools computing resources from people around the world to create a massive platform required to meet the AI’s computational needs.
There has been a big growth in AI related start-ups in the last five years. The value of this market is over 100 Billion USD. Hardware requirements typically eat up 70% of any AI business and this is where DBC comes into play by reducing the cost of these inflated hardware requirements.
The project has funding from NEO and has the first mover advantage within the domain. It is filled with top AI scientists and has an incredible chance and increasing its market coin valuation well over 100X.
You can purchase this coin on Kucoin
Even though we’ve done our research, that still doesn’t mean you get out of doing yours. We’ll continue to update these coins as they evolve.
Make sure to check them out on our Live Coin Watch located here to view their previous and current valuations, latest twitter notifications, latest developments, announcements, and much more.
Cryptocurrency has always been an extremely volatile marketplace to trade in. Price swings of 10 to 50% within a 24 hour period can occur a few times a week and almost daily for lower volume coins.
Although these fluctuations may be great for both traders and investors (depending if your long or short), the volatility makes it very difficult to use in the real world. It not only hinders its adoption, but its fundamental ability to be utilized as a reliable currency.
Volatility plays a very important role in mass adoption as consumers want to be able to make transactions without having to worry about the value fluctuating overnight. Who wants to worry about getting paid for a product or service to only have that currency lose its value by over 30% next week?
From a business standpoint, merchants don’t want to accept transactions in a currency that includes a ton of risk. A great example of this would be employee payments. No one wants to work for a wage where you perform the same task every week but your paycheck is constantly fluctuating?
You’ll be happy to know that there is one emerging class of cryptocurrencies that are designed to tackle this exact issue. These are known as stablecoins.
Stablecoins are a type of cryptocurrency that presents itself as a price stable asset in an ever-fluctuating marketplace. It offers a medium of exchange, store of value, and unit of account.
Stable coins are universal and are not tied down to a central monetary authority. Its supply cannot be controlled and dictated under future influence.
There are different versions of the stablecoin however there are only 2 popular versions that are utilized the most. They are the IOU issuance model and cryptocurrency-collateralized model.
Let’s take a closer look at these two stablecoin models.
With this model, stablecoin holds a 1-to-1 ratio to an asset that resides within a bank account. As an example, a corporation could hold a physical asset like gold or silver in their bank, which could be tied to a particular stablecoin.
Each stablecoin, under this model, derives its stability from the fact that its value can be exchanged for a physical asset. A countries fiat currency or a particular metal like gold are generally the type of physical items that are tied to these types of coins.
One of the most popular stablecoins in existence today is Tether (USDT). The actual value of Tether is tied to the equivalent of one US dollar. To ensure the value of the Tether coin, it must be backed against a corresponding US dollar inside Tethers bank account.
This brings us to one limitation within the issuance model. It’s centralized, which means individuals must trust that the entity that holds the physical asset being represented by the stablecoin is held within the company’s account. As you can imagine, this requires a lot trust by owners of the coin.
With this model, stablecoins are not backed by centralized assets; they are backed by digital assets, for example Bitcoin. The main advantage to this asset is that it doesn’t require blind trust from participants in order for it to work.
For example: the asset that backs the stablecoin can be held in a smart contract. This way the amount of assets held are transparent and independently verified within the smart contract.
The problem with this model is that it’s tied to a cryptocurrency which is volatile in nature and runs contrary to stablecoins entire purpose. As a result the method may involve “over collateralization” so that price fluctuations can be absorbed
As an example of this, a smart contract can be created in order to hold $400 worth of Bitcoin. This would serve as collateral for say $200 worth of stablecoins. Now if an unexpected event were to occur (massive swing in price- “Black Swan event”) this would negatively impact the stablecoins value. This will result in the destabilization of the issued coin.
All major cryptocurrency enthusiasts are looking towards a catalyst that will result in mass adoption. There are a ton of factors that can contribute to such an event. We can all agree that overcoming market volatility is imperative to facilitating mass adoption.
Perfecting the stablecoin in order to bring about mass adoption can be a difficult task, however there is still a number of promising stablecoin projects that aim to overthrow these issues and bring about a non-volatile cryptocurrency within the crypto ecosystem.
Most crypto traders utilize the Tether coin, however there is a blockchain project that goes by the name of Basis, that claims to provide a stable cryptocurrency that is backed by a large number of US venture capital companies. This will likely be the closest competitor to Tether in the near future.
[UPDATE: There is a new stable coin on the market by the name of “Reserve” that has been gaining a lot of support from many major investors. You can read more about the coin along with other stablecoin releases here.]
If you’re new to ICOs (Initial Coin Offerings), you might be wondering what all the hype is about. ICOs are events in where creators of a particular token offer a partial supply to investors in order to further the development of the coin. In turn, this will give the ICO team enough money to fund more future developments and increase the value of the new coin. This, in turn, will create more interest with potential investors and increase the coins value even more.
By investing in an ICO within its early stages of development, you can get a much better investment price (think early bird special), which will lead to a much better return on investment if the coin eventually increases in value through further developments. ICO companies have been doing a great job in getting people to participate in these “pre-released cryptocurrencies” through solid marketing exposure, well thought out whitepapers (layout of future plans for the crypto coin), as well as a reputable development team.
Now that you have a better understanding of what an ICO is and how lucrative they can potentially be, you might be tempted to invest in the next one that crosses your path. At first glance, any particular token might seem like a great investment. However, it’s been proven time and time again that investing in less reputable ICO’s can be very dangerous to your overall investment capital. In fact, there are many ICOs that are flat out scams.
For example, the Mycelium ICO failed because the creators were using the development funds primarily for travel. Another example would be CoinDash, in which the entire network was hacked right before one of their events. This only proved that CoinDash’s security could not handle such a large event. Potential investors for that ICO would have had their money stolen. So now you might be asking yourself, how exactly do I know which ICO to invest in?
I’ve created a nice checklist of factors that you want to run down the next time you start shopping for potential investments in an ICO. Print this out and have it closed by once you start to shop around.
Behind every successful ICO is a team of highly dedicated developers creating and managing the coin. Without a great team, the ICO is just another random coin to add to the 100+ piles of useless shitcoins out there. If you want to invest in a new coin, you first need to know who the people are behind it.
Some of the developers are well known in the tech world. Have they had contributions in other cryptocurrencies before? The key here is to know who the developers are so that you’ll know whether a coin is worth investing in or not. Acquire a list of developers and Google them.
It’s pretty easy to do, simply run a few background checks on high profile individuals. This will allow you to check how credible or trustworthy your potential investment is. If the team of developers are comprised of a group of noteworthy people, then the coin has a higher chance of success.
What is Bitcointalk.org, you ask? Why, it’s only the largest cryptocurrency forum on the net. If you want to get feedback on a particular ICO, then this is the place to go. You can see what other investors have to say about a particular ICO. You may also leave some of your own feedback for them to view. It’s basically a huge discussion board for people who are interested in talking about any particular cryptocurrency. It is also one of the best places for you to do your initial research.
Other than reading feedback on what other investors have to say about an ICO, it’s also good to do your own research (DYOR) on the ICO’s development stages (AKA Whitepaper). Investigate to see what information is already available to the public. The whitepaper is a crucial part of the research process as it contains all the key information about the coin. It contains all past, present, and future plans of the company.
However, you have to look beyond the whitepaper and see what else they have to offer. Do they offer prototypes for testing? Does it contain other useful information that is essential to investors? How far have they gone in developing the coin? Obviously, the more information that they release to the public, the more credible they are. This means that there’s a high chance of success for the company and high probability of profit for investors like you.
You can tell how much confidence is placed in a coin by looking at the size of the community. The value of a coin is dependent mostly on the supply and demand. Every cryptocurrency has a certain supply of coins that will slowly be released to the public.
While the supply is maintained by the developers, the demand has to come from the community. If the size of the community is really large, then you can easily determine that there is most likely a high demand for it as well.
It also helps if there are more prominent or reputable names investing in the coin. If the demand is high for standard investors as well as high profile ones, you know that the coin is most likely worth investing in.
When you invest in a security or investment medium, you want to place your money in something that has value. With regard to cryptocurrency, the value lies in the purpose of the coin or what it’s used for (you can find this in the whitepaper).
For example, the purpose of Bitcoin is to enable people the ability to transfer money without any involvement of third-party entities such as payment facilities. Ethereum, on the other hand, was used for smart contract functionality.
As you can see, each coin has its own purpose. You have to find out whether the purpose of the coin you want to invest in actually makes sense or not. If you think it’s something that people can really use and get behind, then it’s investment potential increases. However, if you and others within the crypto community deem the coin useless, it’s most likely not a great investment opportunity.
|Another thing to take note of is the distribution volume of the coin. If it happens to be more than 50% during the ICO, then you may want to think twice about investing. A credible ICO will only have a certain volume of distribution as to not over-saturate the market. The key here is to find an ICO that doesn’t release all of its coins at once and instead releases the coins slowly into the market.|
The cap refers to how many funds are allowed to be accumulated by the developers. If an ICO allows a lot of these funds to be stored, then a lot more coins will be supplied to its investors. This, in turn, may lessen the demand because demand goes up whenever the supply is down. You have to take note of the cap of the ICO to get an idea of the supply and demand figures.
This step is more applicable to those who have more knowledge of computer programming. In order to know whether a certain ICO is junk or not, a lot of tech specialists actually examine the code that powers it. If the code is messy (especially during its final stages), then it might not be a very safe investment. Remember that the code is the core of the token. If the core itself is a mess, then you can assume that the rest of the company is too.
Just to give you an idea, a cryptocurrency that has function codes of more than 50 lines is a red flag for most programmers. If you’re really interested in investing a great deal of money into a particular ICO, you may want to take the time and hire a developer to look over the code for you.
Each cryptocurrency is powered by an open source code, which means that the public can view the improvements or the progress of the token. There will be logs that are also known as “commit logs” in the coding. A commit is a word that developers use to promote a code to the Github coding sector.
The number of commits in the log can tell you the progress and improvements of your cryptocurrency. It’s great to invest in a coin that has a high number of commits because it shows that the coin is developing quickly.
Aside from viewing progress of the code, another way to check progress of an ICO is to look into the Insights page of a particular ICO’s website. By clicking on the Insights page, you’ll see a chart of the daily commits of the cryptocurrency. Moreover, you can view the specific activity that each developer has completed for the token on a daily basis. You can check whether the developers of the coin are actually doing their job and making progress.
With the rising popularity of cryptocurrency, more and more ICOs will pop up on a monthly basis. In fact, ICOs have become one of the main methods of raising money for the development of new cryptocurrencies. As time passes, it will become even easier for people to have access to ICOs due to their rising popularity. Of course, this also means that people will have a harder time knowing which ICOs are worthy of funding and which ones are scams.
The key here is to do your homework on any particular ICO before investing. The checklist outline for you above should help you avoid any careless investment mistakes. The coins that don’t have much public information aren’t recommended.
A few resources I always check before investing into an ICO is…
Here you can view a comprehensive list of top ICOs along with ratings, rankings, and comprehensive analysis that will help you form a better buying decision.
|Don’t invest in a token unless you have full knowledge about the coin that you’re planning to invest in. If you take the time to do your due diligence, and have investigated every facet of the ICO, then regardless of what happens to it, you’ll know you did everything in your power to prevent losing your investment captial…..and that my friend is something to be proud of.|
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