Every day dozens of new tokens are announced at the bitcointalk forums. We go through them all to find the cream of the crop – giving you the scoop on top ICOs before anyone else.
After reviewing 181 token announcements this week, we’re picking Celsius as our ICO of the Week.
Lending will be hot in 2018 – ETH lend and salt are already successful with working products and growing user bases. Celsius offers an interesting take on the space with a wallet that pays interest.
Competitive Advantage – Interest Paying Wallet
Celsius is a crypto lending platform. This is an increasingly popular type of ICO with several strong competitors, such as EthLend and LendingBlock, but Celsius distinguishes itself with its wallet, which pays out interest, and also will provide collateralized fiat loans.
A wallet that pays out interest automatically is a clear advantage over todays’ wallet options, although having crypto with a centralized service also brings on significant counterparty risk. Celsius is aiming to reduce this through strong security practices as well as a insurance fund collected from fees. However its unavoidable that a centralized service will always be less secure than holding the coins on your own wallet.
While there are risks to the project, Celsius’s team seems strong enough to overcome them. The hype around the project is also quite high, with significant coverage across a variety of media, as well as very active social media channels.
You can join their ongoing presale here.
Bitcointalk | Whitepaper | Website | Twitter | Telegram | LinkedIn
Runner Up – Morpheus Network
Supply chains are a hot topic in the blockchain industry, and Morpheus is one of the strongest contenders.
Competitive Advantage – An All-star Team
Supply chains are ripe for disruption – with mountains of paperwork and loads of stakeholders with disparate systems and middle men in between. While many startups are trying to tackle this problem through smart contracts, Morpheus sets itself apart with a team that actually has the credentials to take this problem on. The founder has direct experience with supply chain management, and the team also incorporates staff in the payment processing, global trade, finance, accounting, and shipping industries.
Disrupting an existing industry means you have to know it inside out – and Morpheus does.
Risks
The major risk with a project of this scale is that a project of this scale is hard to deliver. Nevertheless we like this project a lot – the hype is already quite high as well. If the team secures the funds they’re seeking, we think they have a good chance of delivering their goals – and profits to investors.
The Morpheus Network presale will start on February 23rd. You can register for the Whitelist here.
Bitcointalk | Website | Whitepaper | Twitter | Telegram
Disclaimer: ICOBriefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
ICOBriefing does not claim to provide financial advice or endorse any particular token. Investing in ICOs is very high risk and you may lose most or all of your investment. We are not responsible for any of your investment losses.