Initial Coin Offerings still remain very popular and more projects are hitting the market. As the cryptocurrency community keeps growing and expanding, a number of countries look to be loosening once-tight restrictions and appear to be more comfortable with virtual currency trading and ICOs.
Thailand’s Securities and Exchange Commission (SEC) is set to introduce new licensing rules on July 16th that will permit ICOs to operate inside of a regulated environment. Companies will be able to file an application with the SEC and then be able to conduct business if approved.
The announcement comes after many months of hearings and legislative debates about ICOs and cryptocurrency. SEC Secretary-General Rapee Sucharitakul says the agency welcomes requests from ICOs and wants companies to speak with the SEC to make sure application requirements are met.
Regulators in South Korea also seem to be changing their minds about cryptocurrency. The nation’s Financial Services Commissions (FSC) has revised guidelines related to virtual currency exchange operators. Authorities are trying to get the country in line with policies other G20 nations have.
A lawmaker in the country also said legislators are trying to craft a bill to remove the current ban on ICOs. South Korea’s Ministry of Strategy and Finance is said to be in talks with the National Tax Agency to figure out how to tax virtual currencies.
A growing number leaders in government and in business are noticing continued interest in ICOs and cryptocurrencies. A large number of legitimate ICOs continue to hit the market on a regular basis as more and more people are turning to blockchain technology in order to make a positive impact in various industries.
However, 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 City Token (CITY), CZero Mobility (CZMT), and Yumerium (YUM). City Token is looking to create a project mediation service for smart technology so governments and private industry can take advantage of technology like robots, blockchain or the Internet of Things (IoT) for various projects. CZero Mobility is fostering the mass adoption of electric cars through blockchain and IoT by rewarding people for using things like charging stations and Lithium Ion batteries. Yumerium focuses on rewarding gamers through their blockchain platform by promoting a market of second hand and limited edition games.
We looked at a variety of components for each project, like the whitepaper and team members so we can understand growth potential and future prospects for the company. Signing up for a Cryptosumer membership gives insight into the below ICOs and why the warrant further investigation.
City Token (CITY)
- Open Date: July 10th
- Token Price: 00000100 ETH = 1 CITY
- Token Supply: 1,643,609,281
Technological advancements like robots and the IoT are becoming more popular as city and national leadership are looking to upgrade infrastructure and make processes more efficient.
The vast majority of city infrastructure across the world is in decay or woefully old, and is altogether not equipped to handle rising populations. Many businesses are also interested in cutting-edge technologies to help with manufacturing or other processes.
The team behind City Token is looking to help advance blockchain and other technologies by creating a smart technology project mediation service. The platform is designed for governments and private sector businesses who are interested in cutting-edge technology.
Ultimately, the platform will be a blockchain-based tendering platform that will connect suppliers with buyers. Software robots will collect data about tenders and then will match technological requirements with solutions from suppliers who have smart technology. Once a match is found, sales agents will stand ready to offer mediation and other consultancy services to help facilitate a transaction.
Right now, the platform is set to start out in India due to the nation’s infrastructure development needs, but will eventually be rolled out worldwide. Team members are also implementing branding for various technologies into the platform. Users who search will be able to see use cases, price ranges, and basic information for different types of leading technology.
One of the reasons we like City Token is due to the massive market opportunity. New technology is only getting more and more attention as companies and governments look to it to solve problems. Digital markets are also being revolutionized thanks to blockchain and cryptocurrency. A platform that can connect suppliers and buyers of technology could have a massive impact since it could penetrate pretty much every industry, especially as interests rises about the potential for ‘smart cities.’
We also like how the team is focusing on government officials and industrial companies since these two have a lot of potential clout and financial resources.
We also think the project has a solid group of advisors. Nick Herbet and Martin Husak have extensive experience with cryptocurrency and data analytics, and the third party SolnceRa design studio has a deep work history working with clients on coming up with visual components for projects. The ICO is currently scheduled to end on September 2nd.
CZero Mobility (CZMT)
- Open Date: July 11th
- Token Price: $0.15 = 5000 CZMT
- Token Supply: 200,000,000
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