The following is a comparison of various ICO platforms and their services.
Numerous blockchain startups are springing up in response to the surging price of cryptocurrencies, leading to a large increase in Initial Coin Offerings (ICOs). ICOs have become one of the most popular ways to finance projects and one even surpassed the prestigious $1 billion mark. However, with this increase in popularity has come an increase in scammers trying to take advantage of novice investors.
1. Kin Foundation
The Kin Foundation is a Singapore-based cryptocurrency promotion and blockchain startup, created to serve as the charitable foundation for the KIN token. Its main focus is on promoting education for the youth and helping various nonprofits that have been hurt by the effects of technology. The Kin Foundation will attempt to do this by creating educational content and investing in technology that can be used to provide those organizations with support. It will also invest in future projects that fall under the category of organizations fighting against technological advances when they are either too disruptive or benefit some individuals at the expense of others.
2. G-Solomon Foundation
G-Solomon is an Ethereum-based “middleman” that provides a trading platform for decentralized digital currencies like Bitcoin, Ethereum, and Kin and aims to bring them to mainstream users. The company has announced plans to turn the G-SOL token into a major payment portal for cryptocurrency. Although the G-SOL token will be used as a currency on the website, it will not have any other purpose.
Cofound.it is a blockchain startup focused on connecting promising startups with investors, mentors and experts who can help them succeed. The company encourages community engagement and contributing to open source projects by giving users rewards in the form of additional CFI tokens. The company has distributed more than $12 million worth of CFI tokens to community members in exchange for their contributions to ICOs, leading to its current market value of approximately $52 million.
TokenLot is a crowdfunding platform that makes it easy for anyone to invest in ICOs. Investos can purchase tokens from the company’s website using cryptocurrency or other digital currency and in some cases, start investing using credit card payments. The company’s goal is to become the market leader for digital token sales and hopes to do this by providing investors with an easy way to purchase tokens of emerging startups. Guest posting sites are all here.
Crowdholding is a blockchain startup that allows users to hire developers, designers, content creators and project managers on their platform via the CRYX token. The company’s goal is to decentralize the hiring process by creating a new standard for decentralized hiring processes. It is planning to create a digital platform in which users can post their job needs and find freelancers who are looking for work. Crowdholding hopes that this will not only help users find freelance workers, but will also improve the relationship between potential employers and freelancers by eliminating middleman services that take significant amounts of money from them in order to handle the transactions.
BlockPay is a cryptocurrency platform offering its users access to a decentralized payment system that works with any currency and blockchain. The company’s main goal is to create a single point of contact that works with all of the leading cryptocurrencies and digital currencies, allowing its users to access all of them in just one place. BlockPay also aims to facilitate real-time transactions across multiple platforms and devices.
7. CyberMiles Foundation
CyberMiles is an Ethereum-based blockchain startup that has created their own protocol known as “Smart Business Contracts”. The company has created their protocol on top of the Ethereum blockchain and plans to create a whole ecosystem within the digital economy by doing so. The company will allow developers to create decentralized applications, smart contracts and assign a unique name for each action, which it claims will make the process much more efficient.
CyberMiles has experienced significant growth since its ICO. It has gained over $60 million in total market capitalization and is currently the 46th largest cryptocurrency, according to CoinMarketCap.
The Bountie project is a crowdfunding platform that allows users to provide financial support to developers for link building. The money raised by users will be split between the developer and the pledger, which will be determined by a pre-determined voting system that can be adjusted by the company’s staff. The Bountie platform has created 12 open source projects so far and is currently working on four more projects in development. Users can currently submit their ideas for future projects on the platform.
TokenCard is a payment system for cryptocurrencies that aims to provide financial services such as loan, card payments, ATM withdrawals, etc., anything that was possible with traditional cards but would now be done with cryptocurrency. The platform is not as widely known as other payment systems such as VISA or Mastercard, but it has gained some popularity among investors due to its partnership with the ecosystem of cryptocurrency exchanges.
PumaPay is a payment and settlement system that allows merchants to accept payments in cryptocurrencies like Bitcoin and Ethereum and has recently been added to the iOS application of the app store for devices such as iPhones and iPads. Its goal is to provide digital solutions for merchants all over the world.