In the past six to twelve months the cryptocurrency community witnessed a massive boom in so-called ICOs. ICO stands for initial coin offering and is the cryptocurrency markets’ equivalent of a stock IPO.
What is an ICO?
"An ICO is a fundraising tool that trades future cryptocoins in exchange for cryptocurrencies of immediate, liquid value". You give the ICO bitcoin, ethereum, litecoin or any other current cryptocurrencies, and you get some of the new coins you want to buy before get their immediate value.
Should you invest in ICOs?
It really depends on your intentions, whether you’re looking for a quick investment or a long-term one. If you are in the fast-investment category, then you should definitely invest in ICOs. History has proven that there is a lot of interest here, and you can easily double or triple your investment in a short time. For a long-term investment, you should maybe reconsider investing in ICOs as they usually are very volatile and usually not have steady rises in price making them not worthy for a long term investment.
Top ICOs to invest in
Ok, lets say you have decided you want to invest in ICOs. If that is the case or even if you are still uncertain if you want to invest in ICOs,here are 5 great projects currently in ICO fase that will provide great profits.
5.Revain
From social media to buying different products on various online platforms, we all give reviews, comments etc. Revain ICO is based on the same strategy, is a basically a feedback platform, which is founded on the blockchain technology that does not permit reviews being altered and in which its authors get a reward for generating them, where reviews can be shared about the various products, businesses and services.
You have 8 days to buy it, do your research and, if you are into it, GO GO GO!
4.EasyMINE
“EasyMINE is a complete, self-contained software platform for cryptocurrency mining. It is designed to make the entire process of setting up and managing your own mine as intuitive and straightforward as possible. Whether you’re a complete cryptocoin newbie or a seasoned blockchain veteran, you will appreciate the ease of use, control, and convenience EasyMINE offers.”This issue is a huge need for cryptocurrency as for now mining Cryptos was risky(scams, losing your coins...), difficult and inconvenient. I personally think this coin solves a huge problem and will likely rocket in price as soon as it goes out to the market.
3.Substratum
"Substratum provides the tools necessary to bring the world the decentralized web. Through their network of nodes they will be able to bring content anywhere in the world without the need for a VPN or TOR browser. They can serve requests directly through the default browser through our combination of systems. Upon establishment of this network they will be able to break down international borders into countries like China or Iran without the need for special software for the average user. They will be able to use their default browser and see content from anywhere in the world. Additionally once their network is in place they will be delivering CryptoPay which will bring the ability to execute eCommerce transactions using any publicly traded cryptocurrency."
This idea is great, it is probably the future of the internet. The whole world will likely be using it sooner or later and the coin will be worth a fortune when that happens.
2.Monetha
Monetha is a global payment solution that enables trustful commerce over the Ethereum blockchain.Monetha aims to challenge Paypal and other similar competitors.Monetha is Ethereum-powered.It is a payment platform that allows globally trustworthy commerce over a decentralized system. The platform is marketed towards ecommerce stores who wish to make it easier for customers to spend money in digital currency. The platform is also possible for offline use in retail stores.
Paypal is HUGE business, so if Monetha succeeds, it could become a multi-billion dollar market soon. Many experts agree, that if you buy $1000 of the coin now, on the ICO phase, you could be earning 100,000$ a year by 2022 in dividends.
1.Red Pulse
"Red Pulse is a market intelligence platform covering China's economy and capital markets. The firm uses machine learning and natural language processing to automate and scale basic data collection, while incorporating cryptocurrency to create an open and transparent sharing economy for research. Ultimately, Red Pulse aims to solve the problem that we all face today: information overload."
The ICO is based on the already overhyped NEO, so I believe it will rocket too.Buy some tokens, you won't regret it.
Please, bear in mind ICOs are very risky and, although they provide great rewards, you should not invest money you are not ready to lose. If you enjoyed, please feel free to uproot follow or esteem for more!
sources:
https://tokenmarket.net/blockchain/neo/assets/red-pulse/
https://bitcoinexchangeguide.com/monetha/
https://tokenmarket.net/blockchain/ethereum/assets/substratum/
http://bitcoinchaser.com/ico-hub/easymine
https://www.applancer.co/blog/top-25-icos-for-investment-in-september-2017