June has been some crazy ICO month that seems to crash the crypto market every Monday. Remember the day Bancor and Status went ICO? Network congestion and red everywhere; I can’t say that is a causation but there definitely seem to have relationship with headliner ICO and market price.
While I didn’t manage to get into most of the ICOs in June, I’d share my watchlist of some of the ICO coins that hit (will hit) the exchange in the coming month that I’m definitely stalking and buying when I spot a bargain.
No. 4: Monaco (MCO)
spend your crypto with the perfect interbank exchange rate
What is the point to have all the coins in the world but no way to spend them easily? That is the what draw me to Monaco token ICO. In addition, it has a unique redeem & burn feature (see whitepaper section 1.6) which give investors to cash in their token to get a share of the transaction fee collected in the MCO smart contract. This is the key factor I believe will drive MCO price in the coming year.
Monaco will be issuing physical cards and digital cards to use, and their mobile app is scheduled to launch at end of August. One thing I’ll be look out for MCO is if their card actually managed to get VISA approval - that will be one of the factor that dictate the usage and adoption of the product - which will influence the speculative price of the token.
ICO price: 0.01 - 0.006 ETH per MCO token
Total token: 3,333,333
No. 3: Tezos (XTZ)
Self mending ledger with smart contracts
Mentioned by Bitcoin billionaire Tim Draper, Tezos certainly get massive exposure and attention.
Tezos is a decentralized blockchain that governs itself by establishing a true digital commonwealth and facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.
What the hell does that even mean? @rok-sivante shared some of his research earlier today that was super helpful for norman like me can understand. If you have another way to explain what Tezos is solving for, comment below and let me know!!
Technical aside, the uncapped 14 days ICO is on now. Will Tezos grow into the 3rd biggest platform in a year or two? That is the million dollars question.
ICO Price:0.00016-0.002 BTC per XTZ
Total token: TBD
No. 2: EOS
A new platform that aim to bring blockchain to method by making the technology more accessible for developers
This one stump me, even after I bought it I have no idea what does EOS stands for. Their FAQ said,
We believe that EOS means different things to different people. We have received numerous amazing interpretations of what EOS stands for or what it should stand for so we have decided not to formally define it ourselves.
My friend @cryptoxman called it Ethereum on Steroid (since they claim they have solved the scalability problem). What some other described it as a new blockchain operation system that is designed for scalability and makes it more accessible for developers to build the much needed applications on the platform. In my mind that means if EOS delivers all its promises, it will bring developers to the platform the build applications that will bring blockchain usage mainstream to the public.
The ICO is running for 356 days with the first 5 days allocating 20M tokens, the subsequent rounds (1 day each) will have 2M of the tokens share among all the contributor of that round proportionally.
ICO Price: 0.003260 ETH per EOS
Daily ICO will need 6,519 Ether to be raised to reach Ether price of first ICO
No. 1: TenX (PAY)
Make any blockchain asset spendable instantly in the future
After listening to the interview on Neocash radio with Julian Hosp, I set the ICO to watch. The ICO sold out in 7 minutes leaving me a sad face with a cancelled transaction.
The TenX Payment Platform is powered by the Cryptographically-secure Off-chain Multi-asset Instant Transaction (COMIT) network. This allows decentralised real-time instant cross-blockchain assets transactions. The TenX iOS wallet and WebApp will be available to the public by the end of July.
Similar to MCO, PAY has a token holder incentive feature as well. With PAY, the token holders get 0.5% of entire payment volume spent through TenX Wallet (see detail in whitepaper). The major difference is (as is today) PAY have secured VISA partnership in June 2017 already. PAY is planned to hit the exchange in August 2017 and yes, I’ll be stalking this one.
ICO price: 0.0023 ETH per PAY token
Estimated total token: 164,705,883
What are the tokens you are watching in July?
*Disclaimers: I personally do hold position in MCO, Tezos and EOS.