There are talks of ICOs and Airdrops, the top 10 or the top 10 most promising, and of course, we care about the most. In the Q1 of 2018, ICOs funding has gone to $6.3 billion – 118% of total fund of 2017!. No wonder the ICO market is booming. As per the stat from ICO Data, ICO in 2018 has already raised
But have you ever wondered what are all those ICOs are based on? Most of you crypto enthusiasts definitely did check it. So in this article, we are going to talk (well, write actually) about the top platforms ICOs has used in 2018.
The issues all of these blockchain platforms face or try to address are scalability, security, and speed of operation. To do that, these platforms employ different consensus algorithms, incentive mechanisms, level of flexibility, and partnerships. While trying to figure out what are the top blockchain platforms for 2018, selecting Ethereum automatically, we thought of multiple angles.
Obviously how many ICOs are drawn toward them is a factor, but we have also considered the following parameters – Usability, Support and documentation, Flexibility and scalability, Consensus and incentive mechanism, Currency supported, Security, and Innovation.
Our good old beloved Ethereum is still the undisputed king of the blockchain platform. Vitalik Buterin’s brainchild dominates the ICO space as the most sought-after blockchain platform with a ridiculous ICO market share of 82.65%, as per ICO Watchlist data.
2017 has seen the ICO boom and the credit goes mostly to what Ethereum has to offer. It was the ease with which new tokens can be created on Ethereum platform veered investors from venture capitals towards ICO. If you have a bit more than a concept and a whitepaper, you could raise millions of dollars in ICOs.
For the blockchain applications, Ethereum team uses a language of their own called Solidity. Ethereum Solidity also allows creating a DAO (democratic autonomous organization) – a group of like-minded developers or people. One of the advantages is that it is immune to any outside influence since it is guaranteed to execute only what it is programmed to do. Developers must be well versed in the language since it is relatively new.
Therefore developers create their own tokens, called ERC-20 type tokens, based on this language. The ERC-20 token uses a standard token API which makes any contract automatically compatible with any wallet. This is probably the biggest advantage of launching an ICO on the Ethereum platform. Let us go to a bit more detail on the ERC-20 token advantages.
The ERC-20 token is not a piece of code or software, rather it is a guideline to help integrate various cryptocurrencies or tokens. Though developers adopted the standard widely since 2015, it is not until September 2017 that the Ethereum team finally formalized the ERC-20 protocol. Thus any token created on Ethereum blockchain enjoy the immediate interoperability with all other tokens created on the platform, i.e. they can talk to each other. So with almost every other ICOs choosing Ethereum as their platform really helps.
Ethereum is Turing-complete meaning it allows the automated re-evaluation required for ICO. Also, the ‘gas’ feature, gives incentives to users when they lend their CPU power for processing the instructions in a program code on Ethereum blockchain. If your program runs out of gas, it will be aborted, and that is how Ethereum platform avoids infinite loop creation and DOS attack. Therefore ICOs are more secure on the platform.
Though the clients are mostly developed and founded by the Ethereum Foundation, there are a few clients developed by a community of programmers. The most popular clients offered by the Ethereum foundations are cpp-ethereum (C++), go-ethereum (Go), and pyethapp (Python).
A GUI interface called Mist is also available to interact with the Ethereum client, but it is not sufficient to do mining operations. Ethereum also provides Mix, an IDE for the Solidity language, To facilitate the development of smart contracts. Ethereum’s facility to develop smart contracts allows complex applications such as financial exchanges and insurance contracts to be executed on the distributed platform.
The problem with Bitcoin always has been its compromise on speed in favor of security. The Greedy Heaviest Observed Subtree or GHOST protocol of Ethereum allows for faster block creation times without compromising blockchain security. This means you have faster ICO transactions i.e. these can be verified and added to the crowdsale quickly. Later, distributing the new tokens also occurs quickly without sacrificing the integrity and security of the blockchain.
As of now, the Ethereum platform gives you a transaction speed of 10-30 transactions per second and generally takes between 14 to 17 seconds to process a transaction in the next Ethereum block. The team already have many solutions in the works to upgrade the transaction speed like Plasma, sharding, and Truebit. Though in ale June of 2018, the transaction fee went up to $1, as of writing the average transaction around $0.226 USD/tx. This speed is not good enough as newer blockchain are offering as high as 1 million transactions per second.
Ethereum’s support for conducting crowdsale is amazing. Their website provides various links to resources for developers such as an FAQ section, a dedicated Stack Exchange website and extensive documentation for Ethereum Homestead which include numerous explanations, tutorials, and examples.
The Ethereum development is very active and widespread. As per a report on April 2018, there have been 840 commits on GitHub by over 100 contributors in the last 12 months.
Another thing to consider for Ethereum’s success as a favorite ICO destination is because it started early. A lot of firms selected Ethereum because it is easy to conduct ICOs, which also led to a majority of the scam ICOs as well. But the success is more. So it is only natural that new ICOs would love to have that extra push and cash on the hype of the platform.
If you can think of all of the most successful ICOs, almost all of them would be on Ethereum blockchain. Even certain blockchains like EOS, Zilliqa, and RChain used Ethereum to launch their first tokens. There are so many ICOs that it is impossible to list them here or even mention most. There are ICOs like Sirrin Lab, EOS, Bancor which raised more than $70 million each. If you want some popular names based on ERC-20 that are now become renowned we will give you that as well.
OmiseGO’s pre-ICO was so successful, raising $60 million, that they canceled their ICO altogether. Then there is Binance, Ox, Pundi X, WaltonChain, KuCoin Shares, Bytom, Basic Attention token, Maker, Golem, Status, Populous, DigixDAO, Mithril, LoopRing, FuFair to name a few!
Let’s take a look at some of the upcoming, ongoing, and recently ended ICOs on Ethereum platform.
|ICO Name||Market||ICO Date||Hardcap|
|Auto Block||Automotive||Sep 20 – Dec 31||40,000 ETH|
|Coti||Retail Shopping||Sep 15 – Oct 1||30,000,000 USD|
|Qravity||Media||Sep 1 – Oct 7||35,000 ETH|
|B21||Finance & Banking||July 1 – July 31||29,000,000 USD|
|OSA DC||Artificial Intelligence, Retail Shopping||May 31 – August 31||40,000,000 USD|
|ODIN||Investment||May 29 – June 8||9,000,000 USD|
|Cryptopia||Finance & Banking||May 15 – July 17||25,000 ETH|
|ShareRing||Software||May 7 – June 7||48,000,000 USD|
|Sonder||Privacy & Security||March 26 – June 30||6,000,000 USD|
The value of Ethereum’s native token Ether is only second to Bitcoin. Ether enjoys a $21,629,819,704 USD (3,369,531 BTC) market cap with a 24-hour volume of $1,712,977,793 USD (266,851 BTC) at the time of the writing. The number of ether tokens currently in circulating supply is 102,077,242 ETH. As of September 20, 2018, a single ether token will cost you $211.90 USD, but the price reached as high as $1389.18 on January 15, 2018. If we are not wrong, you can buy ether token on any exchange and swap with every other token there are.
The Ethereum Enterprise Alliance is collaborating with a dozen and dozens of companies in all verticals from banking to healthcare.
People without a technical background can also use decentralized applications on the Ethereum platform without. Ethereum can be easily accessed by its native browser which has a user-friendly interface. Ethereum also has a digital wallet for trading and storing ether token. It has about 900 dAPPS out which more than 30% are live now including Gnosis, EtherTweet, Augur, Ethlance, and Alice.
Ethereum uses Proof of Work consensus algorithm but plans to switch to Proof-of-Stake in 2018 with the introduction of Casper – a partial consensus mechanism which combines proof-of-stake algorithm research and Byzantine fault-tolerant consensus theory.
Vitalik Buterin – Bitcoin was invented as a new way to send value over the internet in 2008. After four years, a 19-year-old developed another stage based off of this advancement with an end goal to change the internet completely.
Vitalik Buterin, a Russian–Canadian programmer from Toronto, thought of the possibility of a stage that would go past the money related utilize cases permitted by bitcoin. Vitalik co-founded Bitcoin Magazine in September 2011 and wrote hundreds of articles on the cryptocurrency world. And finally, a white paper was released by him in 2013 specifying a different platform intended for decentralized application developers would need to make. The framework was called Ethereum.
Vitalik was born in Kolomna, Moscow Oblast, Russia on Jan. 31, 1994. Until the age of 6, he was in Russia when his parents decided to go to Canada for better employment opportunities. For 4 years, he was in Abelard School, a private high school in Toronto. Later he attended the University of Waterloo but dropped out in 2014. He was awarded ‘Thiel Fellowship’ in the year 2014 and received $100,000.
Aya Miyaguchi – Miyaguchi was appointed as Executive Director at the Ethereum Foundation from February 1, 2018. Before that, she was Managing Director of Kraken Japan and is a veteran of the blockchain space. She is the Founder of Japan Blockchain Association, Advisor at OmiseGO, blockchain social impact projects.
Miyaguchi is an MBA in Marketing and Sustainable Business from San Francisco State University, and also a Bachelor of Arts in English and American Literature from Nanzan University.
Vlad Zamfir – -Vlad Zamfir is a researcher with the Ethereum Foundation and is well-known for his work on ‘cryptoeconomics’, proof-of-stake and ‘blockchainsharding’ in the Ethereum ecosystem. Zamfir is a Bachelor in Mathematics from the University of Guelph. He is an active blogger and speaker about cryptoeconomics and is also concerned about ethics in the use and governance of blockchain technology.
Justin Drake – Justin is a researcher with the Ethereum Foundation. He is Ph.D. in Biochemistry and Molecular Biology with a specialization in Computational Biophysics. He lives in Cambridge, UK. and he is expertise in Data analysis and scientific visualization. He knows programming languages – Mathematica, R, Java, Bash, C/C++, TCL, MATLAB, Pajek, and Python.
Virgil Griffith – Virgil is a Research Scientist with the Ethereum Foundation. He was born in Birmingham, Alabama, the United States in the year 1983. At present, he resides in Singapore. He is known for his creation of WikiScanner. In 2014, Griffith received his Ph.D. from California Institute of Technology under Christof Koch in the field of computation and neural systems.
Alexandre Van de Sande – Alexandre Van de Sande is UX Designer at Ethereum Foundation. He is from Rio de Janeiro Area, Brazil. He is both a designer and a frontend developer. He always involves himself in the whole life cycle of projects, from concept to execution. Previously he was working with Dujour (fashion app) and Kinda Connected as co-founder, also with Bolsa de Mulher as applications designer. He has a degree in product and graphic design.
Jeffrey Wylcke – Jeffrey is a Co-founder and Lead Dev Go at Ethereum Foundation. Previously, he was with Studyflow, Agile Pandas, and Noxa. Jeffrey, a Dutch Programmer, built the Ethereum blockchain using the Go programming language. He has made a significant contribution in helping fix the computational DDoS attack incident which occurred in late 2016.
William Mougayar – William is the author of “The Business Blockchain” and advisor to the Ethereum Foundation. He is also the Managing Partner & Chief Investment Officer at JM3 Capital Toronto, Canada. He is an entrepreneur with more than 35 years of experience in the Technology industry. Author of 2 books, Business Executive, Professional Speaker, and Management Consultant, he was also Mentor at The Next36, Founder & CEO of Engagio and Founder & CEO of Eqentia.
This is the second most popular ICO platform after Ethereum. Founded by its current CEO Alexander “Sasha” Ivanov in June 2016, Waves is a decentralized independent and open-source blockchain platform created for users to create, distribute and manage digital tokens. The Wave team is focused on building a platform that is simple, speedy, and low cost, that is ready for mass adoption. You can customize your tokens, transfer your assets on the blockchain as well as exchange tokens for fiat currencies. According to ICO Watchlist, Wave holds 2.19% market share among blockchain platforms, and it is no small fit.
In April 2016 the Wave team raised $22 million in two rounds of crowdfunding. Wave has their own token called Waves. The current market cap of Waves token is $208,998,365 USD (33,386 BTC) and 24-hour volume is $2,438,581 USD (389.55 BTC). There are 100,000,000 WAVES token in circulating supply currently. The Waves token price currently goes for $2, but it crossed $17 mark on December 19, 2017. You can buy the Wave token in exchanges like Tidex or Bittrex.
Though Ethereum has the major share of the market, Wave has few cards up their sleeve as well that set them apart and more and more ICOs are preferring Wave. The main reason is Wave has a very simple easy-to-use Graphic User Interface (GUI). You can access or use the Wave platform in three different ways – as a browser, a mobile version and a stand-alone version of Waves Client. In addition, since Blockchain download is not required, it saves on your hardware storage space.
The current Waves client comprises the wallet, the DEX, and a tool for token creation. The very popular Wave wallet has multiple fiat gateways (operated by independent operators) and supports multiple currencies. You can deposit funds from Bitcoin, Ethereum, Litecoin, ZCash, XMR, DASH etc as well as fiat currencies like USD, Euro, and the Turkish Lira. One thing to note here is that to transfer through the blockchain, these fiat currencies are converted to fiat tokens (wUSD or wEUR) first. The digitized fiat currencies, as well as the wBTC token, are traded at a 1:1 ratio.
This token transfer allows you to have a cheaper and speedy transfer process than bank transfer. The Wave wallet is designed in a way even non-tech users can use it and available in iOS, Android, and even as a Chrome extension. The wallet is offered in 10 languages including English and Russian.
Wave team keeps improving their wallet and DEX constantly, and this has resulted in its popularity. Wave has a very active community and it shows. While the number of wallets created by March 2018 was over 200,000, the current count has reached over 800,000 – so you have a fair idea how popular it has become quickly.
The Wave website tells us that so far there are 18,724 tokens that have been issued. This number was just north of 10,000 in March 2018, telling us the community is growing with varied users – entrepreneurs, businesses and service providers, investors, developers, marketing experts, holders, traders etc. Users can take help from Waves Telegram or subreddit for guidance.
The Wave DEX does not have any limit and offers protection against front-running and other types of fraud. Wave DEX enables you to buy or sell tokens using a centralized matcher. i.e. the trading process will be performed on a peer-to-peer channel, thus avoiding the possibility of freezing of funds or being hacked altogether.
Currently, WavesDex supports over 72 supported cryptocurrencies/crypto assets. Waves DEX has an estimated market cap of over USD $1,000,000,000, and as of September 19, 2018 the 24-hour DEX volume is $361,778 USD (57.08 BTC).
There are a couple of other but very important reasons why the Wave platform is so popular.
Crypto enthusiasts and traders believe this to be the fastest blockchain out there. The current block time of Wave is under 1 minute which translates to 6000 transactions per second. But currently, the Wave platform is capable of providing 190 transactions per second. Waves processed over 330,000 transactions in a single day on December 26, 2017, where 170,000 transactions were confirmed within just 20 minutes.
This is possible because Wave uses a different kind of Proof-of-Stake, called Waves NG (Leased PoS) based on the Bitcoin-NG proposal, which allows transactions to be confirmed as fast as the network allows.
This results in the transaction fee to be way cheaper than Ethereum, and you can do that with as low as 0.001 Waves – according to the Wave website it is less than $0.01 (0.003 WAVES) per order. Waves TestNet released non-Turing smart contracts that are much much easier to use than Ethereum’s smart contracts.
Wave has a user-friendly Node Setup allowing developers to fully manage and easily distribute tokens. The Waves Platform does not charge fees for the transfer of self-issued tokens, meaning the administrative costs for token re-distribution will be low, enabling us to regularly re-distribute tokens to token holders. The Waves Platform operates on two-tier architecture in a network maintained by both full and light-weight nodes. These light nodes use the current network state to confirm transactions instead of the full nodes downloading the Blockchain.
An interesting feature the Wave platform offers is Atomic Swap. Introduced in summer of 2018, the token swapping method allows you to exchange Waves token for other tokens on another blockchain platform. This allows a user of the Wave platform to have a dual-token system, meaning initially you can launch your ICO with Waves token but can later convert it to yours.
Though launched in December, by March 2018, Wave platform had more than 100 crowd sales, raising over $158.2 million on the platform. Wave platform is getting popular as we have entered into 2018. If 2017 is any indication, there are some successful ICOs that have proven Wave’s worth. The top 5 ICOs are Primalbase (an office space sharing-selling-renting startup raising $7,600,000), Wagerr – blockchain based sportsbook raising $10,000,000, MobileGO a crypto mobile gaming store project raising $53,100,000 – the best on Wave platform so far, PeerBanks pension plan startup raising $42,590,100, and ZrCoin – an in-demand industrial material investment project raising ~$7,000,000.
Wave’s 2018 ICO line up seems very promising as well. If we look at some of the already concluded or some ongoing ICOs of 2018 on Wave, then you should look at the following list –
|ICO Name||Market||ICO Date||Hardcap|
|Simdaq||Cryptotrading||Jan 25 – Feb 26||$5,000,000|
|MyTrackNet||Crowd GPS Platform||Dec 14,2017- Jan 31||$700,000|
|Viso||Retail Shopping||May 1 – July 1||$1,000,000|
|Staps||Platform||Feb 18 – March 18||$1,000,000|
|HighSeek||Virtual Reality||March 30 – April 30||$10,000,000|
|Tadingene||Platform||May 16 – July 1||$12,000,000|
|Smart City Eco||Virtual Reality||April 4 – August 4||$20,000,000|
|LiveContracts||Legal||April 5 – Jul||$100,000,000|
|Paytomat||Software||May 8 – May 25, Oct 1- Oct 31||$18,000,000|
|Eterbank||Cryptocurrency||June 1 – August 13||$33,000,000|
|DCentral Capital||Investment||July 30 – Nov 12||96,250 ETH|
|Setcoin||Cryptocurrency||Nov 1, 2017 –||–|
It is evident from the above information that Waves platform is a target of cryptocurrency, platform, investment ICOs, and you can observe this trend since late 2017. Also, there are a couple of Virtual Reality projects that have opted for Waves. As per an ICOBench report, it accounts for almost 50% of the ICO activity on Waves and 67% of all the projects that have issued tokens on Waves are from Russia, the US, Canada, Singapore, the UK, Netherlands, Ukraine, Australia, Bulgaria, and Estonia.
The registered countries of the remaining 33% of projects are – Panama, Spain, Belarus, Belgium, Belize, Brazil, British, Virgin Islands, Chile, Cyprus, Georgia, Germany, Greece, Isle of Man, Israel, Kazakhstan, Lithuania, Malaysia, Malta, Mexico, Pakistan, Poland, Serbia, Switzerland, and Taiwan.
You can have an idea of the potential of Wave if you look at its partnerships. To develop the blockchain platform for digital tokens and crypto assets, Waves is also extending their reach into government entities, for example, it has partnered with the National Settlement Depository (NSD), the central depository for the Moscow Stock Exchange.
In July 2017, Wave has entered into a strategic partnership with Deloitte, one of the world’s largest professional services firms. This allows Wave to work on the global blockchain crowdfunding regulation and create a clear legal framework for projects to operate within so that useless utility tokens can be avoided. It has also joined hands with Microsoft Azure.
Sasha Ivanov – Sasha Ivanov is the Founder & CEO of Waves Platform & Vostok Project, Russian Federation. Sasha founded Waves Platform in the year 2016. It’s a global public blockchain platform with a market cap of $1.7 billion as of 19th December 2017. He is a Technology Entrepreneur and has been helping improve banking, business and public administration systems evolving electronic payment mechanisms. At present, active users of Waves Platform are almost 30,000 in 25 countries. Recently, he has started a new project – Vostok – to create the first usable blockchain solution for scalable digital infrastructure, helping to expand the global accessibility of blockchain.
Maxim Pertosovkly – Pertsovskiy was the founder and CEO of Getsy, a digital loyalty program as well as Green Garage Makerspace, the maker business space. He is now the Chief Operating Officer (COO) of Waves Platform from June 2017. Pertsovskiy attended Kaplan International College (2012-2013).
Maariya Borovikova – Mariya is the Chief Financial Officer (CFO) of Waves Platform. She has a great deal of experience and knowledge to the Waves team and ecosystem and she spent the first two years of her career with Deloitte in the field of bank auditing. She was Head of the Financial Reporting Department at Yandex.Money, Russia’s largest online payment service for 2 years. Her tremendous knowledge of banking and electronic payments industries, her enthusiasm as well as her extensive experience with finance, make her the perfect choice for new CFO.
Natalya Malyova – Natalya is the Head of Communications of Waves Platform. With an exceptional talent and passion and with a strong track record in delivering communications strategies, she made her name in Fortune 500-listed brands and businesses across the UK, CEE markets, Central Asia, Russia, and the CIS. Her specialty is to bring organizations and their audiences together using various communications tools to achieve reputational breakthroughs and effective dialogue. Natalya is a dedicated yoga practitioner and also an award-winning professional dressage rider.
Alexey Kofman – Alexey is the Product Manager of Development Team of Waves Platform. Having experience in developing software products, building and managing development teams, he is responsible for defining and prioritizing new blockchain features developed by the Waves Core Team. He was graduated in Mathematics from Ural State University in 2005.
Ilya Smagin – Ilya is the Scala Developer of Waves Platform. Ilya holds a Master degree in Science from the Moscow Institute for Physics and Technology in the Department of Radio Engineering and Cybernetics in 2011. He specialized in Applied Mathematics and Neural Networks. Later he was again graduated from the Yandex School of Data Analysis for Computer Science. He joined the Wave team in late 2016.
Axel Hellinger – Axel is a Lawyer and tax advisor for Waves in Germany. He is based in Bonn with his law firm Hellinger. As a tax consultant and specialist tax lawyer, he works regionally and also nationally. Mr. Hellinger is also a crypto-currency enthusiast. Hence by calling upon his highly valuable legal expertise, and well-established familiarity with crypto-currencies, he will hopefully become a great asset to the team.
NEO, previously known as Antshares, has the ability to execute smart contracts and a unique programming language just like Ethereum. NEO possess multiple features very similar to Ethereum with their own unique twist, and that’s the reason it is considered the Ethereum of China. According to ICO Watchlist stat, 0.29% of all the ICOs are preferring NEO platform. NEO was voted as KPMG’s top 50 Fintech Company in China.
But NEO’s goal is different than that of Ethereum’s. AS mentioned in their website – ‘NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.’
NEO uses a modified Proof of Stake consensus algorithm called Delegated Byzantine Fault Tolerance or dBFT. NEO doesn’t allow all nodes to participate in the validation process, instead, NEO users can vote for delegates, known as bookkeepers who are responsible for maintaining the network. This makes the transaction speed on NEO go higher, an impressive 1000 transactions per second (though theoretically, it is 10,000 tps), and therefore resulting in a faster decision-making process.
But this also means that the NEO platform can never be a truly decentralized network, as the majority of bookkeeping nodes are operated by the NEO team. But the NEO team also may spread out the bookkeepers in future to make NEO as decentralized as possible.
Regulatory bodies around the world are breathing heavily on blockchain platforms due to non-compliant ICOs and numerous ICO scams. Here NEO has a great advantage over others including Ethereum as the team takes government compliance very seriously and making sure that these bookkeepers we are talking about, they have to make their digital identities known on NEO platform, thus making it a platform for legit ICOs. Also in order for institutional organizations and large industry players to invest in blockchain technology, they require regulatory compliance.
The digital identity also adds a definite dimension to NEO’s security front as no user can remain anonymous. For security purposes, NEO has developed its system in such a way so that they can incorporate powerful quantum computing as soon as it develops enough, rather than just depending on the current public-key encryption standard. In this sense, this makes NEO future proof. But the team has made sure that all of the security aspects of NEO will still be compliant with the current security standards. Focusing on government compliance also indicates how serious NEO team is about security.
Another great advantage of NEO is that it supports 5 well-known programming languages at the moment and will support 5 more in near future, which means it is a developer-friendly platform, unlike Ethereum which has just one – Solidify. This attracts more and more developers toward the platform.
NEO cryptocurrency supports all types of crypto wallets – mobile, desktop, hot, cold, and paper wallets. Before purchasing the NEO tokens, you should create a wallet for NEO, it can be Ledger Nano S, or some official wallets NEON Wallet, NEO-GUI, NEO-CLI, NEO Wallet and etc.
Another great thing about NEO is there are no transaction fees, but you need to pay GAS if you want transaction priority. NEO token’s current market cap stands at $1,151,388,731 USD (177,185 BTC). and has a 24-hour volume of $47,135,376 USD (7,254 BTC). The token price reached $162.11 on Jan 13, 2018, but since then has come down to $17.64 as per the last update. You can purchase the NEO tokens on a lot of exchanges including Bitfinex, Binance, HitBTC, Okex, KuCoin etc. There are 65,000,000 NEO tokens out of the 100 million in circulating supply.
The NEO platform uses 2 different tokens – NEO and GAS. NEO is required for the right to manage the network, including the voting right for consensus nodes and making decisions for the blockchain. On the other hand, the GAS token is used to pay for all the service fees on the blockchain, for example – the creation and launching of smart contracts.
You have definitely heard about OnChain, which integrates with NEO to form a business-focused system called DNA. DNA develops public and private blockchains for businesses. These blockchains then link up to NEO to join the decentralized economy. Businesses then have all the benefits of both private and public blockchains. The OnChain team is trying to integrate the platform with the Chinese government and businesses, and if successful, it leads NEO to dominate the significant Eastern blockchain ecosystem.
NEOX is NEO’s version of atomic swaps – directly exchanging tokens without any exchange- and cross-chain integration. While this will enable you to swap your crypto assets and transact across different blockchains, it will also contract to talk to each other across chains. This allows collaboration between both public and private blockchains of OnChain and the public blockchain of NEO. It means more and more smart contract developed on these platforms can interact with each other easily.
NEO has managed to build a strong community – NEO’s subreddit boasts about 76,000 subscribers, and a lot of them are potential NEO developers. The core NEO project on GitHub has about 2K stars, showing increasing interest.
The partners-investors list of the NEO platform includes biggest names such as Microsoft China and Alibaba. NEO has recently hosted a developer competition in partnership with Microsoft China with $490,000 as prize money. NEO team is extremely well-connected with established corporations which will definitely work in their favor to raise fund, joint development, and therefore more developers and ICOs. The firm has also worked with the Japanese Ministry of Economy, Trade, and Industry. China’s largest conglomerate the Fossum Group has also invested in NEO.
There are several ICOs in early 2018 that performed pretty well on the NEO blockchain, such as Red Pulse (raised $14.5 mln) – NEO’s most interesting application, Qlink (raised $19 mln), Zeepin (raised $62,600,000 ) – one of our top-rated ICO, TheKey (raised $22,000,000), Trinity (raised $20 mln) and Deep Brain Chain (raised $11,755,200) – all five hitting their hard cap goals, with the Effect AI ICO nearly managed to hit their hard cap goal of $14 million. The second round of NEX ICO has just ended on September 14 through the information on the amount raised is not available at the moment.
|ICO Name||Market||ICO Date||Hardcap|
|TrustBar||Platform||August 31 – Oct 31||35,000,000 USD|
|Ronaldinho Soccer Coin||Sports||August 16 – Oct 17||35,000,000 USD|
|Asura Coin||Sports||May 21- June 15||12,000,000 USD|
|Spotcoin||Retail Shopping||May 1 – June 1||30,000,000 USD|
|Gagapay Network||Software||April 30 – July 15||34,500,000 USD|
|King Slayer||Sports||April 9 – April 9||35,000,000 USD|
|Solomonstouch||Internet||April 1 – April 1||34,000,000 USD|
|Concierge.io||Tourism||March 31 – April 30||15,750,000 USD|
|Guardium||Platform||May 3 – June 1||–|
Da Hongfei – Co-chairman, Da Hongfei is the chairman of NEO which he founded in January 2014. He founded Onchain, another blockchain company in the same month as NEO. After working as C.E.O. of IntPass Consulting, China’s biggest professional community from 2005 to December 2013, he learned to code before starting NEO.
Erik Zhang, Co-Chairmain, he is the core developer and Co-founder of NEO Smart Economy. After graduating from University in 2009 he started his career in information security industry. After gathering enough experience for more than five years in information security he joined Shanda Games Limited, a Chinese online game operator and book publisher based in Shanghai, in the same field, information security where he came to know about Bitcoin. From Shanda he moved to Huobi in Beijing. While attending a Bitcoin conference at Beijing he met Da Hongfei, who was invited as a guest lecturer to deliver his vision on Antshares. After hearing Hongfei’s lectures Zhang’s interest on Antshare idea.
Zhang moved to Shanghai in mid-2014 to meet Da Hongfei. Here he discussed Hongfei’s vision, refined his ideas and created the first prototype. Antshare was only designed to digitize assets but both pairs expanded the existing system to include a full smart contract system.
Peter Lin – Peter Lin is the director of R&D at NEO. After graduating from Tongji University, he joined BEIJING-FANUC MECHATRONICS CO., LTD. He then joined Huobi. He joined Neo in April 2016 and have been working as director of R&D since.
Caterina Zhang – Caterina Zhang, director of marketing and community at NEO Global Development. She graduated from Shanghai International Studies University in Italian literature and International Communication from the University of Rome. Being a core member of NEO Global Development, she dedicates to increase awareness of NEO at the global market and increase its global presence. Her role also includes managing NEO’s public relations with media, exchanges, government, educational institutions, and other eco-partners
Malcolm Lerider – Malcolm Lerider, designated as Senior R&D Manager at NEO is one of the brightest and most experienced leading the R&D team. Having a huge experience as a software engineer, simulation and modeling, algorithm development, economic modeling and managing distributed teams. He has a double master’s degree in International Industrial Engineering and Management, Computer Science and Engineering. He has worked at major corporations like Accenture and Webpower as Java Software engineer.
Tamar Salant – Global Business Development Manager. Tamar Salant has experience working in various fields and various industries like Telecom & Security Analyst, QATesters at Viber, etc. She has also worked as Senior Data Analyst at Ministry of Foreign Affairs in Israel, International business development manager at InWeCrypto. With experience on QA tester to Ministry of Foreign Affairs and Cryptocurrency, Tamar Salant is one of the core team members responsible for Global Business Development.
Miki Hayama – Head of Japan Operations. With a decade in London as in charge of overseas Marketing in the automobile industry and with the experience from 15 countries, Miki has bridged parties across different countries which brought her the opportunity to work as and with top managers in Blockchain industry. She is the first full-time team member out of China for NEO covering Japan Operations including community building and any activities for Japan market. She is based in Tokyo.
Here is another blockchain platform that has started to attract trust from newer ICOs in spite of giants like Ethereum and Wave platforms. This quote from the Stellar website should give you an idea about why Stellar has a real chance as a platform for ICO – “While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts.”
In 2014, Jed McCaleb, founder of Mt. Gox and co-founder of Ripple, and former lawyer Joyce Kim launched the Stellar network system. It with is an open, decentralized payment infrastructure that allows the unbanked to open financial accounts, affording them the opportunity to receive low-cost accounts, start micro-savings, or apply for loans. It enables multi-currency transactions quickly, reliably, and without excessive bank fees using a crypto-coin called lumens (XLM).
Stellar’s main goal is to facilitate the issuance and trade of those tokens that are especially tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency. Stellar is a great fit for those projects that are looking for high transaction speed at very small costs (e.g. remittance, payments, users in developing countries).
The stellar blockchain is able to process more than 1000 transactions per second. To give you an idea of how fast it is, where Ethereum takes around 3.5 minutes for a settlement, Stellar can do that in 5 seconds. Since cryptocurrency prices are very volatile, being able to make transactions quickly is crucial for traders.
Stellar is much cheaper than Ethereum and even Wave and does not require any “gas” to execute programs. As of the time of writing the cost of per transaction is 0.00001 XLM which is about $0.000002/tx at time of writing. This is mainly because Stellar has a built-in exchange thus negating the need to pay to third-party exchanges for transactions. This work as a base fee, which according to Stellar, is only used as a deterrent against DoS attack. So a very nominal fee and super fast settlements mean ICOs can start to rip the benefit from the first day and that too very quickly. The market cap of Stellar’s DEX is $661,613 USD (101.13 BTC)
One thing to note here is that Stellar also provides the option to do private transactions through third-party tools like Lightning.
Stellar allows you to customize ICOs by providing base abstractions such as accounts, payments, tokens, exchange one token type for another, as well as atomic transactions consisting of multiple operations. Users can combine any or all of these abstractions in the way they want to get a wide array of characteristics.
Those applications which do not require the full functionality of Turing-complete smart contracts, those applications can benefit from the simplicity of Stellar’s transaction model which results in much fewer pitfalls.
Stellar’s model of atomic multi-operation transactions allows for more auditable code, limits the uncertainty, and decreases the risk from attacks. Additionally, Stellar platform optionally allows token issuers to reserve the ability to freeze tokens in case of any misuse. Therefore recovery from compromise need not rely on the willingness of validators or miners to execute an irregular state change to bail them out. Freezing an asset is a simple operation which takes effect within 3-5 seconds.
Another security feature of Stellar is that firms may choose which nodes can validate their transactions. This is particularly helpful if there are malicious validators on the network or if the organization’s tokens represent some real-world asset that cannot be double-redeemed. However, on Stellar, organizations can pre-select which validators have the legitimate version of their token.
The Stellar platform uses their own Stellar Consensus Protocol (SCP), which works through the use of quorums – a set of nodes used to reach an agreement. This protocol is the only one who allows decentralized control, low latency, flexible trust (users have the freedom to trust any combination of parties they see fit) and asymptotic security.
The XLM or lumen token has gained popularity and entered into top 10 lists in early January of 2018. The market cap of XLM stands at $4,468,459,435 USD (683,316 BTC) and $103,470,919 USD (15,823 BTC ) worth of 24-hour volume. There are 18,785,414,363 XLM tokens in circulating supply. The token price reached its peak value of $0.89 on January 4, 2018, but since then has dropped. As of September 20, 2018, the price of XLM is $0.237869.
You can buy XLM mainly from Binance, which currently has the largest volume of the currency and you can trade with BTC, USDT, and ETH. The other exchanges to get XLM from are – Upbit (Trade XLM with KRW on Upbit), Poloniex (Trade STR with BTC on Poloniex), GOPAX (Trade XLM with KRW on GOPAX), Kraken (Trade XLM with EUR on Kraken), BCEX (Trade XLM with CKUSD on BCEX).
The first ICO that went live on Stellar is one of our favorite project named Mobius which raised an impressive $39 million. Mobius also has claimed of doing 1000 transactions per second and can easily scale up to 2000 transactions per second. Another successful project of Stellar is SureRemit, a Nigerian based non-cash remittances platform, raising around $10 mln. Some of the other ICOs on Stellar including upcoming ICOs are as follows –
|ICO Name||Market||ICO Date||Hardcap|
|TillBilly||Retail Shopping||Nov 16 – Dec 12||115,500,000 XLM|
|Connecty||Platform||Sep 13 – Nov 30||11,000,000 USD|
|FlipNpick||Social Networking||Sep 1 – Oct 31||35,000,000 EUR|
|Ludum||Gambling||Jun 31 – Dec 12||330,000,000 LUD|
|TontineTrust||Platform||June 4 – June 22||–|
|Ternio||Media||Jun 1 – June 15||40,000,000 USD|
|ShoCoin||Platform||May 28 – May 28||20,000,000 USD|
|Cross Hedge||Investment||May 22 – Dec 31||85,500,000 USD|
|Lumnus||Platform||May 14 – May 31||14,000,000 XLM|
|Pigzbe||Education||May 13 – June 20||8,850,000 USD|
|Irene Energy||Smart Contract||May 7 – June 21||250,000,000 TLU|
|AXenS||Smart Contract||April 16 – April 30||50,000,000 USD|
|SIX.Network||Smart Contract||April 3 – May 31||42,905,579 USD|
|Pinnacle Brilliance||Investment||Jan 31 – April 25||2,000,000 raised|
Stellar has a number of strategic partnerships with top firms like IBM which is currently running 8 Stellar nodes and has set up 12 currency corridors in Australasia and Oceania. In October 2017, Stellar partnered with IBM and KlickEx to facilitate cross-border transactions in the South Pacific region. The cross-border payment system developed by IBM includes partnerships with many large banks including Deloitte.
It also has a very important partnership with Tempo, a French money transfer company, who now play the role of an anchor to the fiat world. In January 2018, Stellar announced that ZED Network would develop an integrated global payments platform using Stellar’s network and blockchain technology. Stellar has increased its partnerships all over the globe in order to open more currency corridors. As per the report, by the end of 2017 Stellar closed 37 partnerships.
You may find this information interesting. What keeps the platform alive is the sale of Lumens, charitable contributions from businesses or people, foundation membership, and a loan of $3 million from Stripe (already repaid with 28 Lumens). It has also received funding from corporate donors such as FastForward, Google.com, and BlackRock.
Stellar is a very good choice for any ICO which does not require the Turing-complete smart contracts and therefore can benefit from the immediate creation of a secondary market. Their fast transaction times and extremely low fees make Stellar an ideal choice for those ICO projects with a lot of microtransactions.
Jed McCaleb – Jed McCaleb is a co-founder of Stellar Development Foundation. Previously, he created eDonkey2000 which became one of the largest file-sharing networks in its time. He later created Mt. Gox, the first bitcoin exchange, which was subsequently sold and re-coded by its current owners, followed by Ripple.
David Mazières – Chief Scientist at Stellar. David Mazières is a professor of Computer Science at Stanford University, where he leads the Secure Computer Systems Group. Prof. Mazières received a BS in Computer Science from Harvard and Ph.D. in Electrical Engineering and Computer Science from MIT. His research interests include Operating Systems and Distributed Systems, with a focus on security.
Nicolas Barry – CTO at Stellar. Nicolas is excited by turning potential technology into something practical that benefits most. He likes to tinker with software and tackle hard distributed problems. He previously helped build large-scale systems at Microsoft and Salesforce. Nicolas holds an MS in Computer Science and Mathematics from ENSEEIHT in Toulouse, France.
Ella Qiang – China Ella is passionate about the intersection of finance, technology, and innovative business models. At Stellar, she leads strategic partnerships in China. Previously, Ella worked at China Development Bank, structuring financing of infrastructure projects. Most recently she worked at a distributed generation solar provider that offers solar as a service to U.S. homeowners. Ella has an MBA from UCLA Anderson.
Keith Rabois – Investment Partner, Khosla Ventures. Keith has been a key player in shaping the future of money having served as a senior executive at Paypal, COO at Square and board member at Xoom, as well as being a board member at Yelp and a VP of business development at LinkedIn. Keith is an investment partner at Khosla Ventures and was an early investor in Youtube, Yammer, Palantir, Lyft, Airbnb, Eventbrite, and Quora.
Joyce Kim – Joyce is one of the Stellar co-founders. Joyce was a VC at Freestyle Capital and an entrepreneur. Prior to that, she was an attorney at Wilmer Hale and Sherman & Sterling and pro bono at Sanctuary for Families and the Innocence Project. Joyce graduated from Cornell University at the age of 19, followed by graduate school at Harvard and Columbia Law School. She is also a Director’s Fellow at the MIT Media Lab
Shivani Siroya – Shivani is the CEO of InVenture which facilitates financial access by offering credit via mobile devices in Kenya and Tanzania. Shivani has experienced in global health, microfinance, and investment banking at UNFPA, Health Net, and Citigroup. She is a 2013 TED Fellow and is also on the board of the LA Chapter of Young Women Social Entrepreneurs.
Greg Brockman – Greg Brockman is the former CTO of Stripe, which he helped build from 4 to over 250 employees. He studied math at Harvard and computer science at MIT. He’s written and spoken extensively about how cryptocurrencies can succeed.
Patrick Collison – Patrick is co-founder and CEO of Stripe. He also serves on Y Combinator’s board of overseers and studied math at MIT. He likes distributed infrastructure and bought his first bitcoin in 2011.
Greg Stein – Director at the Apache Software Foundation. Greg is an avid open-software advocate, developer, and lecturer. Member of the Python Software Foundation and a founding member of the Subversion Project. Greg was instrumental in launching Google’s open-source hosting platform.
Matt Mullenweg – Founder of WordPress.com, Matt is the founder and CEO of Automattic, the company behind WordPress.com. He is also a social media entrepreneur, developer, lecturer, and musician. Matt is a very active angel investor, named on Forbes’ Most Influential Angel Investors on AngelList.
Naval Ravikant – Naval is the CEO and a co-founder of AngelList. He previously co-founded Epinions (which went public as part of Shopping.com) and Vast.com. He is an active Angel investor, including Twitter, Uber, Yammer, Stack Overflow, and Wanelo.
Dan Kaminsky – Dan is the Chief Scientist at White Ops. A technical advisor to Stellar, Dan is a security researcher. The Chief Scientist at White Ops, he has worked with Cisco, Avaya, and IOActive as Director of Penetration Testing. Renown in computer security circles, Dan has discovered a myriad of exploits across different platforms.
Launched in 2015, NEM was built from scratch by the Singapore-based non-profit organization NEM foundation. The primary goal of the NEM platform is to make new advancements to the blockchain technology, and that is why NEM has some modern features that aren’t used by any other platform including proof-of-importance (POI) algorithm, 1-minute block time, encrypted messaging, and multi-signature accounts. According to the stat from ICO WAtchlist, 0.15% of all ICOs chose NEM platform so far.
NEM offers both private and public blockchain technology through the use of its Mijin platform. The Mijin platform is the reason NEM enable firms to maintain some degree of privacy as far as the use of their assets and data is concerned. NEM’s Mijin blockchain is under test by private companies and financial institutions internationally, especially in Japan. Mijin also offers a smart contract.
The node reputation system of NEM is another feature unique to it. NEM uses the Eigentrust++ reputation system to ensure the health of the blockchain. The nodes aren’t just measured by the amount of work they do, but also they’re measured by the quality of work they do. NEM chose to do this to protect the network, something very different from Proof-of-Work consensus.
One of the best thing about the NEM platform is its API interface allows you to use any programming language to program on NEM’s blockchain. Since there is no specific “smart contract” language, NEM is readily accessible to any developer. Also, utilizing Mosaics, developers can integrate the NEM blockchain technology into their existing technological framework using almost any programming language.
NEM utilizes an indigenously built consensus algorithm called Proof-of-Importance, which are an improvement, mainly regarding efficiency and optimization of resources, over both Proof-of-Work and Proof-of-Stake protocol. It is this PoI that makes NEM a much cheaper system to maintain and much more respectful with regards to the environment.
Another unique feature of Proof of importance is it timestamp every single transaction on NEM blockchain, and each user’s “importance” is determined by the number of coins they have and the number of transactions going to and from their wallets. This is especially advantageous for businesses to track users spending patterns. So, this is something no other blockchain technology has on the market.
Next check the Namespace feature of NEM. This is a domain naming system where there are higher level domains and subdomains. A user can create multiple different subdomains inside his one domain for different projects or outside business accounts.
Like other multi-signature-enabled platforms, NEM requires multiple users to sign a transaction before it can be get added to the blockchain. If any wallet gets hacked, this feature ensures that no money can be spent unless another wallet signs the transaction – something very beneficial for community-held funds. Given that about 33% of XEM in circulating supply is held in community accounts.
The transaction speed in NEM blockchain is much higher than our last four blockchain platforms. According to NEM, it can process in excess of 3000 (nearly 4000) transactions per second. The transaction fees vary between 0.05 and 1.25 XEM or $0.01 to $0.29 on the amount of XEM transacted. The reason for NEM charging lower transaction fees than some of its competitors is that it uses lesser power (CPU power) for harvesting or running a node.
The NEM platform allows users to do a wide array of blockchain customization, meaning personalized smart contracts, so that developers can build according to their need – ICO, fintech system, decentralized authentication system etc.
There are only 8,999,999,999 XEM tokens in circulating supply, the same that was created at the time of the launch, and there will be no more tokens. Now, just have a look at the market cap value of NEM – $828,367,628 USD (126,845 BTC). The 24-hour volume is $13,188,684 USD (2,020 BTC) as of September 20. Time token price is currently at $0.092 but reached $1.90 on January 4, 2018. NEM token is available in a lot of exchanges including Bittrex, Binance, Huobi, Polonix etc.
The two most important ICOs held on the NEM platform are projects as Dimcoin which raised $14 mln raised and Loyalcoin that raised $10.9 mln in its token sale. The following chart shows the other ICOs on NEM platform –
|ICO Name||Market||ICO Date||Hardcap|
|Safeguard Token||Artificial Intelligence||June 7 – Dec 12||10,000,000 EUR|
|Tutellus||Education||May 28 – June 30||40,000,000 USD|
|DarcMatter Coin||Smart Contract||May 7 – June 30||35,000,000 USD|
|Fund Platform||Investment||April 3 – May 3||30,000,000 USD|
|ProximaX||Virtual Reality||April 15 – April 25||Raised $28,712,308 OF $112,500,000|
Founding Board Members
Lon Wong – Founder, and CEO of NEM foundation. Also, he is the founder of Dragonfly Fintech Pte Ltd. With experience in entrepreneurship, engineering, and designs, he oversees the operations of NEM Foundation for its development and growth.
Jeff McDonald – Vice President at NEM.io, Jeff is also the CTO, CBO, and Co-founder of LUXTAG. He has hands-on experience with development work overseas and social services and worked as a teacher as well.
Ronel Li – Acting as a Secretary to NEM, Ronel worked as a Senior Engineer in Nanjing eCloud Tech and a System Engineer at Shanghai Dragonnet Technology.
Ken Chan – Treasurer in NEM, Ken remained as a Finance Director for Invensys Process System at Asia Pacific region.
The global team members include Jason Lee (Australasia Director Partnership & Strategic Alliances), and Samy Mendiburo (Marketing & Events Director). The council member team includes Takao Asayama, Stephen Chia (Regional Head, Southeast Asia), Albert Castellana, Nelson Valero, Kristof Van de Reck, and Niko Maenpaa. The founding members are Leon Yeoh, Kailin O’Donnell (left NEM), and Erik Van Himbergen.
Erik Van Himbergen – Erik is a specialist in Blockchain, Business Processes (Analysis, Design, and Management), ERP, IT-architecture, Application and Database Design, Software Development, Data-Communication, and Mobile Applications. He is also serving as an advisor to Tuttelis project.
The Bitshares platform, or simply Bitshares 2.0, is a decentralized platform where you can exchange cryptocurrencies in a fast way. And though we are putting it in the last, it doesn’t mean it is inferior. On the contrary, it is one of a kind platform which is almost self-reliant.
Primarily Bitshares builds on the decentralized model of Bitcoin, and add up the versatility and innovation of Ethereum, and then maximize the product to almost every direction. Bitshares network is considered by many an economy in its own right – as it has a currency, act as a bank, offer a network for apps and ICOs, a built-in exchange platform as well as play as a stockbroker. Bitshares’ founder Daniel Larimer pictures it as a self-governed country in its own right.
The most important feature of BitShares is that it is a decentralized exchange, as previously mentioned. The DEX eliminates High-Frequency Trading (HFT), front-running and hidden orders. This is an advantage of BitShares as it means users are in control of their own security, thus in case of an attack, only one user gets affected. BitShares’ goal doesn’t really match with other platforms. BitShares is purposefully avoiding being thought of like a P2P currency. Instead, it is focusing on becoming a 100% exchange with valued tokens.
The second most important feature of BitShares is that it offers fast transaction.which can be said ultrasonic. BitShares’ network can confirm transactions in just 3 seconds, on average. BitShares has the ability to execute trades within a matter of seconds. BitShares transacts at about 3,400 transactions per second with a theoretical maximum speed of over 100,000 tps.
Also unlike centralized exchanges, BitShares does not have high-frequency trading, meaning all traders are equal. All fees and associated parameters on the BitShares blockchain are set by the committee, whose members are elected by the stakeholders. They currently hover around $0.0046/tx.
At its core the BitShares platform allows you to convert cryptocurrencies into stable assets by turning those coins into another virtual currency whose value is tied to a real asset. Another advantage of the platform is that there are no limits. There are no withdrawal limits, and if a holder is not happy with the fee, there is room for it to be changed.
BitShares has successfully managed to secure its currency BitAssets to traditional stores of value through a wide range of digital tokens representing these assets. With the use of SmartCoins, the BitShares platform removes the volatility often seen in the crypto market. This is something that we have not seen on this scale before in the crypto-sphere. Bitshares platform is also the first one to include a built-in support for subscription payments and recurring payments, which allows you to authorize third-party companies to withdraw funds from your account.
BitShares 2.0 is written in C++, which is a very common programming language. Actually, it is based on Graphene, an open source C++ blockchain implementation. Bitshares 2.0 uses the delegated proof of stake as their consensus model. Also, BitShares has a pretty active development community on GitHub with 284 commits from 34 contributors.
One great thing that we appreciate about Bitshare is your username acts as your wallet address instead of using long-stream of letters and numbers.
With BitShares, a user is eligible to trade any amount, from wherever in the world, at any time during the day. Another advantage BitShares provides is that a user is given financial freedom. As no third-party is required to approve your account.
BitShares is very secure, and this is an important feature of the platform. In fact, every single thing held as a SmartCoin on the platform is backed up.
Now with so much going on Bitshares platform bound to have its own sets of issues. The user interface is not so user-friendly at all. The feature richness of the platform is also what makes it is hard to navigate for users, sometimes very confusing.
The current market cap of BTS token is $327,336,913 USD (49,472 BTC) with the 24-hour volume of $7,732,297 USD (1,169 BTC). Out of its 3,600,570,502 BTS total supply, there is 2,659,740,000 BTS token in circulating supply. The value of the token peaked at $0.87 on January 3, 2018, but now you can purchase it for about $0.123 as of September 20, overall showing a positive trend. The token is available for trade in other exchanges as well, but most pairs on OpenLedger DEX.
Some ICOs have started to take help of Bitshares DEX. YOYOW was the first to use Bitshares DEX and raised only $4,364,760. But the second ICO happened on Bitshares platform was last year’s OracleChain, which raised about 14 million bitCNY and 1.5 million BTS, and their target is 30 million bitCNY as per the last report. As Bitshares DEX attracts more and more ICOs, they must need more bitCNY or bitUSD.
|ICO Name||Market||ICO Date||Hardcap|
|Smoke||Communication||April 20 – May 15||10,000,000 USD|
|bloquid||Property||March 7 – May 10||3,000,000 USD|
Bitshares’ huge throughput potential along with the minimal transaction fees it incurs as well as the decentralized exchange offers its users phenomenal advantages over traditional brokers. Hence we pretty much sure to observe an unprecedented level of adoption by the financial sector over the next few years.
Daniel Larimer – Daniel Larimer created Bitshares in 2014. He is a software programmer and cryptocurrency serial entrepreneur. He was the co-founder of the blockchain social platform Steemit (2016), and is CTO of EOS, with the company block.one (2017). Daniel was also the creator of the DPOS (Delegated Proof of Stake Algorithm) consensus algorithm and Graphene technology. According to Forbes’ February 2018 report Larimer’s net worth is between $600 to $700 million.
These 6 are the primary blockchain platforms that we believe are the best platforms for ICOs this year. It is for sure that Ethereum and Wave are the two most sought-after platforms by ICOs. Now NEO and Stellar are slowly gaining attention from ICOs as the rage to select Ethereum for that extra boost is dying down, and newer projects are seriously considering the different features these newer blockchain platforms are offering, especially the huge transfer speed these newer platforms offer.
Ethereum understands its shortcomings, and it is trying to tackle this through the transition to proof of stake and application of sharding solution. But by the time Ethereum finally manage to get it working, it creates a vacuum in ICO space, thus driving newer projects to veer towards these newer platforms. Now Bitshare has too many things to offer, and it has a solid chance to grab the ICO market.
There are other platforms like NXT, Graphene, QTUM, Blockstarter, Stratis, then IBM’s Hyperledger, each of them having something unique to offer. And we are sure in coming months we will see a lot of shifts in market share of ICOs between these platforms, but one thing for sure Ethereum will continue to be in the top, well at least for 2018 for sure.