Successful ICOs: Blockchain-based Projects That Currently Have Working Products

Initial coin offerings (ICOs) became a popular crowdfunding model in 2017 - when cryptocurrency prices reached their all-time highs. Although most ICO projects have failed so far in being able to deliver working products and/or services and many have been outright scams, there are a few blockchain-based ICO initiatives that are developing promising platforms.

In this article, we’ll review some ICO projects that have been successful and could potentially help increase cryptocurrency adoption - as they are developing real-world use cases for many different industries and could assist in streamlining routine business processes.

Bancor: Converting "Automatically" Between Tokens

In June 2017, the Bancor ICO raised over $150 million in only 3 hours via its token sale - which was conducted on the Ethereum blockchain network. At that time, no other ICO had raised such a large amount of funds, and now just over a year later, Bancor has launched a decentralized exchange (DEX).

Bancor’s DEX allows users to convert between any two tokens (supported on its platform) - as the platform’s algorithm automatically calculates the conversion price of the transaction and the process does not require counterparties.

Instead of facilitating direct trades between buyers and sellers (which traditional crypto exchanges do), the Bancor network generates liquidity via smart contracts and then helps both parties execute the trade.

As of September 2018, the Bancor network was processing over $2 million worth of transactions every 24 hours. Moreover, many new ICO projects are planning to list their coins on Bancor’s platform - as they think it’s user-friendly and they also want to take advantage of its built-in liquidity.

NEO: More Functionality Than Ethereum

NEO aims to develop a blockchain-based platform that would allow physical and virtual assets to be digitally represented as tradable tokens. The NEO network is comparable to the Ethereum platform as it may also be used to develop decentralized applications (DApps). However, NEO’s blockchain also allows users to automatically manage tokens through smart contracts.

In the past year, there have been several legitimate ICO projects which have been developed and deployed on the NEO blockchain. These include the following projects:

  • APEX: a provider of enterprise level, blockchain-based infrastructure - designed specifically to streamline “consumer internet and B2C interactions”; public token sale raised $25 million;
  • AlphaCat: a NEO-based marketplace with “robo-advisors” focused on cryptoasset investments which has been developed by experienced Wall Street financial professionals and former members of Google’s Artificial Intelligence (AI) program; public/private token sale raised $48 million.

SingularityNET: Decentralized Marketplace For Artificial Intelligence

SingularityNET is a decentralized marketplace that “lets anyone create, share, and monetize AI services at scale.” Moreover, the platform is designed to create a “bridge between AI developers and business users.”The SingularityNET platform also allows entrepreneurs in the AI industry to affordably acquire the tools and data they may need to develop algorithms. When first launched, the creators of SingularityNET focused on three key areas: biomedical investigation, cloud robotics, and cybersecurity.

As explained in its whitepaper, SingularityNET utilizes a “blockchain-based framework designed to serve the needs of AI Agents as they interact with each other and with external customers can enable the emergence of a collective intelligence.”

SingularityNET’s official website explains that the platform “was born from a collective will to distribute the power of AI.” Notably, Sophia, “the world’s most expressive robot, is one of [SingularityNET’s] first use cases. Today, she uses multiple AI modules to see, hear, and respond empathetically. Many of her underlying AI modules will be available open-source on SingularityNET."

Second Edition of Paris Blockchain Summit Announced for October 18

2019, August 23rd Paris, France – Save the date! All crypto sphere arrived in Paris! Second edition of Paris Blockchain Summit is coming on October 18th! PBS is the leading French event with an international dimension for the Blockchain industry key players.

Paris Blockchain Summit aims to fostering the Blockchain industry in France who makes Blockchain as key technology for strategic development of the country. France will play significant role for development of Blockchain in Europe as an important Hub thanks to dedicated regulatory framework and specific investment fund.

Second edition is expected to follow the unprecedented success of the previous one, which brought Tone Vays, Huawei CTO Jorge Sebastiao, Rémy André Ozcan, french crypto MP Jean-Michel MIS and MEP Ivan Catalin, the Highness Emirati Prince Sheikh Khaled bin Sultan Bin Zayed Al Nahyan and other representatives from IBM, Dash, Consensys, Lamborghini and central banks.

Paris Blockchain Summit will gather international key players of the industry from 15 countries in one of the most swanky place of Paris, private island "Chalet de la Porte Jaune" : well-known influencers, investors, government representatives, professional investors, blockchain developers, law firms and many others for giving inspiring speeches and for sharing expertise. PBS will welcome thousands of enthusiasts in Paris during one day conferences (two stages), hands-on workshop, exhibition and exclusive announcement.

We expect passionate debate related to hot topics for the future of our industry such as:

  • Regulation: What is the French regulation state for Token Offering (ICO, STO, IEO, BRO ...) ?
  • Marketing: How community marketing is a powerful tool to build and promote your product ?
  • Finance: Is cryptocurrency a new financial vehicle for companies to compete?
  • Supply chain: What are the pros & cons for supply chain using distributed ledger system?
  • Governance: How governance of distributed system is one of the key element of trust?

Attendants will get an opportunity to interact and share ideas that will help them use and generate value from Blockchain technology. They will also discover some of the most promising companies preparing for high-profile token sales and also learn about exciting developments for the future of blockchain technology.

Join the largest event of its kind ever organized in France and pleasantly end up your business day by visiting one of the most beautiful cities in the world! Use the code PBSCOMPARE to get 15% off on your tickets.

For information about PBS’s upcoming conference please contact the team via email or follow PBS on Twitter, Facebook, LinkedIn or Instagram.