We are obviously in a very hot time in the cryptocurrency world, and I will admit I have to check myself to avoid getting caught up in the hype (see my post about the Gnosis ICO). There are SO many projects in the works which show real potential, and I do not have the time or resources to vet them all - truth be told I probably can't properly vet a single one.
Nonetheless, I am convinced that the blockchain economy is here for real so I put whatever time I can into reviewing initiatives to determine what I think has real long term potential.
This has led me to a portfolio which includes BTC, DASH, ETH, LBRY, STRAT, GNT, and XMR all held for the long run. Due to the incredible price appreciation of several of these I may sell enough to cover my initial BTC investment - but other than that I want to hold them for the future.
I have not yet participated in and ICO, but my hunt for the next project which I think has huge potential led me to Exscudo. Exscudo's mission is to democratize traditional and cryptocurrency investing by creating 'a single gate to the cryptocurrency market for new users, professional traders, investors and financial institutions.' source
Put simply, Exscudo wants to bring cryptocurrency to the masses. A lofty goal indeed, but whatever project manages to merge the power of cryptocurrency with the necessary simplicity for the average user will be massive.
It is important to keep in mind that EON is a token, not a coin. It is a 'facilitator' of transactions in the Exscudo ecosystem and has no inherent value out of it. It is not a virtual currency. However, many other tokens trade on the exchanges and make a good market under the same circumstances - REP and GNT to name just a couple. When all is said and done, 1 EON will be worth exactly as much as someone is willing to pay for it.
Exscudo is creating 240m EON tokens; approx 150m are available in the ICO. The price is a flat .0002 BTC per EON, valuing the market cap at about $60m as I write this. There are bonuses of up to 10% for pre-ordering and there are bounties available for sharing information about the ICO on social media (I am not earning a bounty for this post).
If all of the tokens are not purchased during the ICO, the remaining portion will be split with 50% shared among ICO participants and the other 50% staying with the development team.
The roadmap looks solid with a mobile app with chat and wallet functionality as well as an open beta of the exchange slated for the current quarter. There is a steady stream of other functionality following.
I've decided to participate in this ICO. I can't say if it's priced properly, and I may end up under water when the tokens hit the market - I can't see the future. I do think, however, this project has incredible potential to disrupt a very fragmented cryptocurrency exchange environment and make it accessible to the average person.
If you're interested you can read the prospectus here.
Disclaimer: I wasn't compensated for this post, nor am I a financial advisor. I'm not trying to give advice, only share information. Always do your due diligence.
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From @geocurt