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Whether you are heavily invested in the cryptocurrency market or act as a curious bystander, it’s no secret that ICO projects are a lucrative investment opportunity. Initial Coin Offering (ICO) projects have provided many startups with a legitimate chance at making their ideas a reality in the form of new cryptocurrencies and cloud-based services for years. According to Medium, 2019 saw 350 ICOs completed and launched in Q1, a total of which managed to accumulate close to $1 billion in funding, with 19.2% achieving soft and 6% hard caps respectively.
With that said, it’s clear that interest exists for ICO-backed development projects in industries such as VR, Big Data and AI just to name a few. However, in order to get a better understanding of how you can make the most out of upcoming ICOs, we’ll delve into blockchain-centric projects and offer a glimpse at what opportunities lay ahead for investment and backing if you’re so inclined – let’s take a look.
Let’s start off by discussing why you should consider backing an ICO project in the first place before looking at some of the most promising opportunities out there right now. Projects based on ICO funding typically come with plenty of benefits for backers and investors once the product is on the market.
Whether the project is based on creating a new cryptocurrency or in this case – a new blockchain-based service or product, you will effectively become a very important stakeholder in that project’s development going forward. If you are an ICO project lead yourself, you can create representative whitepaper documents through writing platforms such as Studyker and Evernote which can be used to present your ideas, business plan and development timeline to potential backers. Given its cloud-based and world-wide nature, backing an ICO project will bring several important benefits to you as an investor, including:
If being part of a community in addition to ICO backing is something you aspire to, VIHOR is the perfect project for you to consider. At its core, VIHOR is a social media platform with an emphasis on extreme sports and its fans across the globe. This blockchain-based database promotes social interactions powered by a cryptocurrency exchange, gamification and real-time sports events for you to participate in. The platform is in constant development and currently offers extensive profile customization, networking and achievement-based progression among other features. VIHOR and its ICO are currently open for new backers and you can rest assured that the project will pay off in the near future.
If you are familiar with the Internet of Things (IOT) technologies, BOTS will be right up your alley with its ICO project and ongoing blockchain research and development. The platform aims to provide a safe and flexible playground for programmers and developers to build blockchain-based projects via its cloud-based service with the intent to solve pressing global issues. Recently, the platform has extended its functionality to allow for both businesses and individuals to create blockchain-based applications of their own. BOTS and its ICO project are currently underway so you should explore the ways in which you can pitch in, whether as a backer or a developer sooner rather than later.
It’s often difficult for young and passionate individuals to break into industries such as FinTech and build a career for themselves. However, Levblockchain is a blockchain-based platform that hopes to provide a spotlight for bright individuals with goals to become an integral part of the FinTech scene. Among other goals, Levblockchain aims to provide up-and-coming FinTech experts the research tools, services and infrastructure they need to help each other launch businesses, projects and startups with Levblockchain as their facilitator. The project is based on noble goals and its ICO is currently open for new backers so make sure to explore what Levblockchain is all about if you identify with their mission statement.
Sustainability and prosperity for everyone on a global level is a worthy goal for any startup or company. This is why 2local has made it its purpose to provide a way for consumers to connect with brands that offer sustainable goods and services via its service platform. The development roadmap of 2local showcases the company’s goals to create B2B relations with likeminded companies in 2020 with a successful 1.0 launch shortly afterward. 2local has made this possible via its L2L tokens which allow consumers to get a cashback for any sustainable purchase made through its currency. The blockchain-based business and its ICO funding are taking place in several stages, meaning that there is plenty of opportunity for investment and participation in this promising project.
Having a reliable transaction system available at your fingertips is somewhat of a necessity in today’s day and age. That is why MillionCoin has created a transaction platform based on the purchase of goods for cryptocurrencies available to the public. This blockchain-based project aims to make the sales of goods and services cheaper while at the same time act as a marketing platform for brands and companies with products for sale. Once MillionCoin is launched, it will feature extensive tracking, analysis and filtering options for both consumers and sellers, all while basing their business model on a cryptocurrency exchange. MillionCoin and its ICO are open for backers so make sure to check it out soon and pitch in.
Explore viable choices and settle for a candidate whom you can identify with before you back a project with your own funds and become an investor. Whether you are interested in the above-discussed blockchain-based ICOs or some of their contemporaries in Big Data or AI, it’s no secret that potential is hidden in ICO funding. Be on the lookout for current and upcoming ICO projects open to public backers and you will undoubtedly hit on the next big thing when you least expect it.
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