Although we may not be in the midst of the wild “ICO Boom” of two years ago, there is no scarcity of active ICOs today. In this article, industry experts provide invaluable insight into regulatory scrutiny and ICOs that will take off in 2020.
Coinchase ICO, HyperionX, ICO, and Miracle Tele ICO
“ICOs are proving to be life-changing investments especially for raising funds for projects. But this is also a high-risk investment in the ever-volatile cryptocurrency market. While ICOs are hyper-profitable and promising, only a handful will be able to take off in 2020. The lack of an authoritative criteria for assessing and analyzing ICO investments presents a new challenge for alternative investors. But industry experts can already predict what will happen in 2020.
These ICOs are most suited for risk-averse investors: Coinchase ICO, HyperionX ICO and Miracle Tele ICO. They are promising projects with great potential for explosive returns. Their specific industries such as telecoms, financial services, and blockchain infrastructure are evergreen and with potential for maximum returns. These ICOs also have a growing community to go along with their development.”
Edith Muthoni, Chief Editor, Leanbonds.com
“I believe that the biggest boost an ICO can get is by integrating a KYC/AML solution. It will not only help in generating positive hype about the responsible and transparent tendencies of the ICO but it will help build a positive relationship with regulators and compliance bodies that are otherwise not very enthusiastic about the prospects of an ICO.
To explain the impact of using services from a KYC/AML service providers, I will quote the example of Ontology. The base price of its utility token jumped from $2 (more than 10%) overnight as soon as it was announced that they have partnered with Shufti Pro and their market cap reached the phenomenal heights of USD $425 Million.”
Damien Martin, Shufti Pro
Saturn Network Is The Most Underrated ICO
“Investors are now terrified of investing in ICOs, and rightly so. The number of scams and failed ICOs in 2018 reached a big number, resulting in investors becoming more cautious. The most underrated ICO, in my opinion, is Saturn Network.
It is a Decentralized Exchange (DEX) that is truly decentralized, meaning the exchange never touches your funds at any time due to their wallet-to-wallet trading. The super smart team have coded many tools including airdrop tools, crypto trading bots, and even decentralized initial exchange offerings. It currently has a DEX on Ethereum and Ethereum Classic (first of its kind). We have seen Binance’s BNB give ICO investors a 266x return. Saturn is currently an undiscovered gem, with huge room to grow.”
Chris Skordis, Editor-in-Chief, InsideBitcoins
Introduction of Security Token Offering (STO)
“Initial Coin Offering (ICO), is a fundraising method which uses utility tokens to represent the network platform activity. So, the token is particularly useful only when used within the platform. Some possible
reasons for not believing that ICO’s will take off are:
1. The lack of governance, which has led to an increasing number of scams in the recent past.
2. More than 90% drop in the investments in the ICO over the last year from highs of $1.5 Billion during Jan’18 to almost $74 million during the year-end.
3. Introduction of Security Token Offering (STO) which use security tokens based on assets that are tradable, deriving value and compensation or profits from the associated business.”
Dr. Mervyn G. Maistry, CEO and Founder, Konfidio
Globalcoin, Hedera Hashgraph, and Edenchain
“For people who like blockchain technology know that to run blockchain, you need cryptocurrencies. Blockchain projects have been using Initial Coin Offering (ICO) to raise funds for bringing their vision to reality since 2013. However, ICOs gained higher adoption and craze during 2017, when they started giving exponential returns on investment (ROI).
I have researched over 50 ICOs and have invested in over a dozen of them to date. I have also advised my clients at DayOrg Consulting Group (www.dayorg.in) to invest in ICOs, that have resulted in good returns for them.
The following is a list of 3 ICOs which can perform extremely well in 2020, considering their tech and development :
Globalcoin – Most of the world population is aware of and using Facebook almost on a daily basis. So when this social media giant decided to roll out their own cryptocurrency, Globalcoin, it instantly became my top pick considering that Facebook might be considering to raise as much as $1 billion to fund this Stable coin project. If Globalcoin comes with an ICO, it will be a top pick and best performing ICO of 2020
Hedera Hashgraph (HBAR) – This is indeed a very good project. The team is very good and over 300 companies are building on Hedera Hashgraph already. They have utilized a new Gossip protocol and a unique voting mechanism. Hence they can have ultra-high transaction volumes for public blockchains. The token is listed only on very small exchange DFLOW. It can do extremely well once it lists on a good exchange with high volumes, hence can give very good ROI in 2020.
Edenchain (EDN) – This token is not performing well and is considerably down from ICO price. However, Edenchain is utilizing namespace technology that enables it to scale in a lot of ways, which is an advantage over Hyperledger. With the Mainnet launch and new exchange listing, it can do very well in the near future.”
Aanchal Thakur, Chartered Account, ERP Consultant, Information System Auditor, DayOrg Consulting Group
The heady days of 2017 when ICOs raised billions of dollars for blockchain companies may be behind us, but ICOs are definitely still a popular method of fundraising capital. Yet, investors must be mindful that this is a high-risk investment in a volatile market. Take into account the expert industry advice provided here and always do your due diligence.