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 analyzing 27 ICOs, we’re picking HybridBlock as ICO of the day for its all-star team and strong hype.
Premise
HybridBlock is a comprehensive cryptocurrency trading platform which combines ease of use and education for beginner users, along with access to deep order books(by combining access across multiple international exchanges).
The HybridBlock ecosystem includes a cryptocurrency wallet, a basic cryptocurrency buying/selling interface which also accesses fiat, an educational content centre, a web-based cryptocurrency exchange, and a downloadable desktop interface for low-latency trading.
Team
HybridBlock literally has an all-star team, with Olympic athlete Apolo Ohno as one of the co-founders. The rest of the team includes a former managing director at JPMorgan, and an advisor who founded Tether.
Token
The Hybrid Token is used to pay transaction fees on the platform, and can also be traded on the platform like any other cryptocurrency.
The token sale will account for 53% of the tokens, and is capped at $53 million. This is not a low cap project, but the amount being raised is reasonable considering the scope of the project.
Summary
HybridBlock aims to address one of the biggest problems in the cryptospace – education and ease of use. By presenting a usable, friendly entry point to the crypto world, it differentiates itself from the other trading platforms in this space. In addition, it also plans to provide the ability to trade across exchanges easily. The project is well hyped, with several thousand users in its Telegram group, and a solid social media following.
Risks with this project are mainly about execution – they’re trying to do quite a few things at once. Nevertheless, for now at least, the ICO space is very hype driven, and we think the solid premise, all-star team, and buzz around this project make this worthy of consideration.
Bitcointalk | Whitepaper | Website | Twitter | Telegram | LinkedIn
Honorable Mention
Bitcointalk | Whitepaper | Website | Twitter | Telegram | LinkedIn
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