If there’s been one word on the lips of everyone in finance this past year, it’s cryptocurrency. If you’ve been kicking yourself for not getting in on the ground floor of blockbuster coins like Bitcoin and Ethereum, you might want to consider looking into investing in an initial coin offering (ICO).
What is an ICO?
Imagine this: You’re a Silicon Valley startup with a great idea for a new cryptocurrency system. Perhaps you want to streamline the Parent/Babysitter payment system so that it can be digital and encrypted. What a great idea! Let’s call it BabyCoin.
The only problem is you need people to give you money so you can actually make the currency. Now, you could go to a bank or try getting venture capitalist investors, but what if you could raise money without having to give up any of your ownership of the company? Enter ICO. Here are TOP-3 legal companies producing ICOs:
The Emaar Group has built the tallest building in the world, Dubai’s Burj Khalifa. It also has many commercial and business properties in the UAE. They plan to release ICO to Western investors at the end of 2019, using blockchain Ethereum.
Since the Emaar Group is already earning billions of dollars in revenue, turning their cryptotoxin into a payment currency can be quite profitable. Token owners will receive discounts and loyalty rewards. ICO’s goal: to raise money by integrating online commerce in Dubai into the wider consumer world.
Plus: huge potential, Dubai is a booming city borrowed from a large enterprise. Minus: It has no direct bearing on people who don’t shop in Dubai, people can’t use a token. How to invest in Emaar ICO: no information yet, we still expect details.
Similar industry-specific ICOs: Travala (AVA) is an example of a successful ICO type of loyalty in real estate, travel, which has led to the creation of a successful platform and a user token.
Microsoft Azure (Microsoft cloud service)
Microsoft Azure is a cloud service. It was recently added to the Stratis list (ICO platform), which brings new projects to the market. Microsoft Azure has announced the connection of Stratis as a secure and reliable way to bring new tokens to the network. Thus, Microsoft does not create tokens directly, but they are still involved in ICO activities.
Purpose of ICO: There is no common theme for ICO passing through Stratis. This is almost like WordPress for ICO. Anyone can use this, and the success or failure of ICO is the responsibility of the company. Stratis is just a platform that makes it all possible.
Plus: Microsoft definitely gives Stratis legitimacy. The downside: ICO is still largely disappointing in 2019, wherever they occur. How to invest in Stratis ICO: Find out which projects launch ICO on Stratis.
Plans for the future for ICO Stratis – Stratis is likely to have more ICO as a result of working with Microsoft. Similar industry-specific ICOs. There are many other ICO platforms (Ethereum, NEO, EOS), but none of them work with Microsoft Azure.
Imusify is a blockchain-based music streaming platform. You can log in to the imusify ICO, which is making its debut in this year’s NEO blockchain.
This is a blockchain-like music platform, similar to Spotify and Soundcloud. It uses economic incentives to motivate listeners and content creators. imusify already has a working product; Their ICO is designed to help the company develop its already impressive achievements.
The goal is to raise money, distribute tokens, create a user base, and make a profit! Plus: imusify is a real company with a good idea and a strong product. Minus: blockchain music platform users may not be enough to achieve global success.
How to invest in ICO imusify: Buy NEO, Bitcoin or Binance Coin BNB and follow the white list instructions on the imusify website. So, you have three real companies that will launch ICO in 2019. There are many other ICOs, but only a few have the form of legitimacy.
First published in bizlim, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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