ICOs still remain a popular fundraising vehicle for a growing number of companies, and with the latest news about Ethereum and how to apply the Howey Test to future ICOs, we may see ore of them on the horizon.
Thailand’s Securities and Exchange Commission is expected to approve five different ICO projects by the end of this month once regulations are codified into law. The five approved ICOs will be able to collect money from the local market as part of a pilot program. The government has placed restrictions on investments and market participants. The county’s royal decree to regulate virtual assets came into force on May 14th. Thailand is currently one of the few nations that has a regulated framework for ICOs.
Overall, ICOs have attracted the attention of large investors, companies, and government officials because they represent work by a team of people who are looking to revolutionize a specific industry. The vast majority of projects are legitimate offerings with a solid foundation. We’ve been keeping a close eye on a some upcoming ICOs that look interesting and seem to have solid growth prospects and potential.
It is important to remember that we are not financial advisors. All we are doing is just presenting information about different ICOs that can be found by researching on the internet. Please speak with an experienced and professional financial advisor if you are interested in investing in cryptocurrency or an ICO.
This week we’re going into depth on Datareum (DTN), Globatalent (GBT), and Viola (VAI). We looked at different components for each project, like the whitepaper and team members, to understand the growth potential and future prospects for the company and their ideas. Signing up for a Cryptosumer membership gives insight into the below ICOs and why the warrant further investigation.
Datareum is looking to build a decentralized marketplace so people can monetize their own personal data to sell it to interested parties. Globatalent intends to tokenize athletes and sports clubs to build a sports economy that lets people invest in their favorite sports figures and teams. The Viola team is building an artificial intelligence program for dating to help people connect with each other better and ultimately sustain happy relationships.
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