Many companies are reporting big results from ICOs, which seemingly has encouraged executives to shoot for the moon with their upcoming ICO plans. Telegram made headlines last week after investors learned the company is planning another private presale. The messaging app was able to raise $850 million during an initial presale, and hopes are the second round of preliminary funding will raise a similar amount of money. The massive figures have already made Telegram’s ICO the biggest ever all before it even opens up to the general public.
About seven months after the Tezos Foundation raised about $232 million in their ICO, the company announced plans to officially launch their coin over the past week. The company was embroiled in controversy after disputes between Tezos’ co-founders and a trustee over accusations of embezzlement. Tezos aims to rival Ethereum by creating a smart contract blockchain network.
The continued buzz surrounding ICOs, and the almost endless list of companies who are now considering one, keeps optimism about ICOs pretty high. The vast majority of ICOs making an appearance on the market are legitimate offerings, with passionate teams, who are dedicated to changing the world through their products and companies.
We have been watching a few ICOs that seem to have some interesting ideas and are also coming out this week. All we are doing is just presenting online information from a variety of different resources. We are not financial advisors. Please talk with an experienced and professional financial advisor before spending money investing in an ICO or in cryptocurrency.
This week we’re going into depth on Naviaddress (NVT), REME-Coin (REME), and KickCity (KCY). Naviaddress hopes to create an ecosystem where a digital address can be assigned through geolocation in order to help commerce, business, and give an opportunity to people without a physical address. REME-Coin gives consumers the ability to cash in on the money companies get from selling user data. KickCity lets users create and promote events via a decentralized-rewards based system. We dug deep into each of these projects, and here’s what you need to know about the underlying value of each and why they might be worth investigating.
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