According to different reports recently, there has been a large portion of the Bitcoin transferred to Initial coin offerings abbreviated as ICOs.
So this pushed so many people to these alternatives because so many individuals felt they have missed their chance on the Bitcoin pump. So most individuals now the idea of ICOs is their number one choice in other to make it up in the business.
As the day goes by, the world as a whole is introduced to hundreds of potential and innovative ideas. Do you know that during December 2017, there are hundreds of newly ICOs every month. For the very wise ones, they embark on research and know exactly how those ICOs work and the people behind it before doing it, the ICO will boom and these will be a great profitable business within a short period of time. For other individuals, it will be a great loss.
The question is What kind of Business do you wan to invest in?
It is solely important to know the kind of business you are going into properly before you invest in before throwing all your money to purchase ICOs. You ask yourself; is this a new business idea or just a model that has switched over to blockchain?, can the team behind the business execute their plans properly or can't fetch much?.
For obvious reasons, investing your money in an existing business with at least a track record is likely to be a safer one than a brand new business model with just few ideas. Remember companies and large organisations are Solid backups for an ICO investment.
Promising ICOs Ventures
A solid example of a high stake partnership acquiring ICO venture is Shping. Shping is a great platform designed to make shopping smarter and more efficient. It rewards platforms that connects retailers, consumers and other associated stakeholders.
One of the most exciting features of this decentralized platform is that it allows brands to channel their budgets to reward their users directly, instead of plowing billions into large third-party media giants like Facebook and Google.
But venture aside – adding to its credibility is the project’s high-profile partnerships including:
- Australian Certified Organic (Australia’s largest organic certification body)
- AsureQuality(owned by the New Zealand Government)
- The National Farmers’ Federation (Australia)
- Rosselkhoznadzor (Russian Federal Service for Veterinary and Phytosanitary Surveillance)
- The Asia Food Safety Zone in Changchun (China)
Another trusted ICO venture is CanYa. CanYa is a global blockchain-powered service marketplace. It gives its users the freedom to hire local experts and skilled professionals from anywhere in the world.
The team has seen phenomenal success so far.In 2016 before launching their recent ICO in November 2017, they soft launched there initial idea. It raised over $12m AUD.
So this is the much I can say for now, but be aware that there are a lot of scam in ICOs, before you invest or embark on any of the business, do proper research. There are some websites validating at least 89% accurate of newly ICOs. Don't be too quick to jump into it. Once you notice any scam, just know its a scam. Thanks as you invest wisely..