Every day dozens of new tokens are announced. We go through them all to find the cream of the crop – giving you the scoop on top ICOs before anyone else.
After looking through 39 token announcements, we’re picking Nuggets as our ICO of the day for its strong team and token economics.
Premise
Today’s login and identity systems are fractured, often have security vulnerabilities, and require entering your personal information on numerous sites, which may go on to sell that information to third parties, or even get hacked.
Nuggets aims to solve these issues through a biometric-centric approach to identity. Rather than inputting username and password credentials on each site you go to, simply swipe your fingerprint, and you’re logged in. Nuggets allows you to store your payment on the system, so you can instantly and conveniently pay as well.
Compared to existing sign in systems, including Facebook login and Google’s sign in, Nuggets has better privacy, and convenience. You can login with a fingerprint, rather than a username and password combination, and you always have full control over your data.
For users the benefits are not having to enter credentials on every site they visit, or having to enter payment details. For merchants, Nuggets promises easier user identity management and regulatory compliance, less risk of hacks, and fraud prevention.
Team
Nuggets has a stellar team with leadership hailing from Microsoft and Skype. Both CEO and COO have experience delivering products at a global scale. Their operational team has experience in both blockchain and payments.
Token
The Nuggets token puts value on user’s personal data. Transactions such as purchases, or sharing data with a merchant or app, reward users with Nuggets.
Nuggets’ token sale will be hard capped at $30 million for 35% of the tokens. 30% of the tokens are reserved for incentivizing the ecosystem, while the remaining 35% goes toward the team, the company, and legal fund. Vesting periods make sure that the team is gradual.
Summary
Nuggets is a very interesting ICO with a solid value proposition that not only can make money but may make the world a little bit better. In this age of Google and Facebook spying on our every move, we could all use a bit more privacy and control over our personal data.
The value proposition of Nuggets is very strong for users. The value proposition for merchants is a bit more complicated(regulatory compliance, fraud prevention, facilitate payments), but they also have a reason to adopt it.
Will Nuggets become the future of payments? It’s hard to say as network effect is an important factor in this space, but nevertheless, with its strong team, good value proposition, and token economics make it we think its a strong contender and choose it for our ICO of the day.
Nuggets’ presale is ongoing. You can register for it here.
Bitcointalk | Whitepaper | Website | Telegram | Twitter
Honorable Mention
Bitcointalk | Whitepaper | Website | Telegram | Twitter
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