Every day we comb over all of the dozens of ICO announcements to find our favorite ICO of the day. At the end of the week, we look at all those ICOs of the day and choose our ICO of the week.
After looking at over a hundred ICO listings this week, we’ve decided on traceto.io as our ICO of the week. We like its team, its premise, and its roadmap.
To obtain an exchange listing, all ICOs must perform KYC on their investors. Until now, this has meant that each one of these companies has had to go through the effort and expense of building their own solution, often with its own set of bugs. This has already led to major data leak scandals for ICOs like Sentinel Chain and Bee Token. The crypto space is crying out for a standardized, pre-packaged KYC solution.
Traceto.io provides that much-needed tool, and backs it with a strong team with relevant experience. Their team is already working in the AML/KYC industry and also has all-star advisor Loi Luu from Kyber Network. We also like their solid whitepaper and well thought-out roadmap. We’re slightly disappointed in the token distribution, which only allocates 30% to the public token sale, but nevertheless, we feel that Traceto.io is overall the strongest ICO we’ve seen this week.
Read more about traceto.io in the ICO of the day post
Traceto.io is about to start their private presale. If you’d like to participate, make sure to get whitelisted by signing up for their mailing list via their website and joining their Telegram group.
Runner-up – Fidelium
Fidelium has a strong team, a well-written whitepaper, and an initial product launch scheduled for March. As this is quite soon after the ICO it should encourage buyers to hold rather than dump the token soon after the sale.
we are a bit concerned that their idea of launching two separate products, a multi-exchange trading platform as well as a mobile payment app, may be a little over-ambitious. The crypto payment sector is already getting quite crowded with companies such as TenX, Monaco and STK, so we would prefer they concentrate on just the trading platform. Still, this is definitely one to watch.
Read more about Fidelium in their ICO of the day post
Fidelium are currently conducting their pre-sale. You can join their whitelist by signing up to their mailing list and joining their Telegram.
ICO to Watch – Flying Money
Tokenizing financial assets is a promising use of blockchain technology which has been much-talked about but hasn’t come to fruition yet. Flying Money is aiming to make it happen with a very strong team and an interesting goal of creating a tether competitor. They’re looking to launch their first blockchain product in July.
If their claimed banking partnerships are real, then this could well turn out to be big.
Sign up for their whitelist here.