Initial coin offerings (ICOs) are proving to be the investment of the day, with over $9 billion so far raised in the first six months of 2018.

Despite a drop in cryptocurrency prices, interest in ICOs doesn’t appear to be waning. Figures from CoinSchedule indicates that within the first half of the year, more than $9.6 billion has been invested into this form of fundraising. March saw the highest amount raised, coming in at $3.8 billion from 59 ICOs.

When it comes to the top-ranked ICOs, in terms of return on investment (ROI) against the U.S. dollar, which ones make it in the top 10.

The following is in no way an endorsement of ICOs, and potential investors should always conduct their own research before investing their money.

This handy infographic by ico_analysis details what those top 10 ICOs of 2018 are.

Credits

Back in February Credits launched its public crowdsale, hitting its hard cap of $22 million within 17 hours. As an open blockchain platform with smart contracts and an internal cryptocurrency, Credits is reported to have fast transactions up to one million per second and unlimited scalability of the network.

Matrix Chain

The Matrix Chain is also a blockchain platform that supports smart contracts as well as machine learning services. Its public sale launched in mid-January, with a fundraising goal of $12 million. Rated as the next generation blockchain that leverages AI with the blockchain, Owen Tao, CEO of MATRIX, claims it’s a ‘game changer in blockchain technology.’

Switcheo

Built on the NEO blockchain, Switcheo is a decentralized exchange (DEX) that allows for trustless exchange of NEP-5 tokens. It launched its public crowdsale in March with a hard cap of $8 million. It aims to be the first multi-chain DEX for cross-chain token exchange.

Nucleus Vision

Nucleus is an end-to-end technology solution that captures and provides previously inaccessible data to retailers and other ‘brick-and-mortar’ businesses. It achieves this through its proprietary blockchain and real-time sensor technology. In January it reached its hard cap target of $40 million from the backing of prominent blockchain-focused investment companies. It also canceled its public ICO due to rising ethereum prices, deciding instead to list its token directly on exchanges.

Bluzelle

This data service brings together a sharing and token economy. The platform enables people to rent out their unused computer storage space while developers pay to use it with a token. Bluzelle’s token sale ended in January with a target of $19 million.

Zebi

Zebi is a blockchain service that is aiming to become the blockchain network of India. In February, it reached its ICO goal for 30 percent of the token total. It aims to provide individuals, businesses, data requestors, and data providers with a platform to exchange information.

Tomocoin

This is a blockchain infrastructure for the Internet of Value, where people can trade assets, such as stocks, votes, and securities, securely. It will connect to Tomocoin and Ethereum to support cross-chain protocols. Its ICO ended in March with a target of $8 million for 40 percent of token total reached.

Holochain

Holochain is a cloud storage solution provider that is aiming to deliver a decentralized hosting ecosystem. Its token sale ended in April where it had a target of $20 million.

Zilliqa

This is a new blockchain platform that is designed to scale in an open, permissionless distributed network securely. A core feature of it is sharding, which enables it to scale and is a problem it is attempting to solve in the industry. Its public sale was at the beginning of the year with a hard cap of $22 million to raise.

Ontology

Built on the NEO blockchain, Ontology is a network that connects ‘distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules.’ Unlike conventional ICO sales, Ontology didn’t have one, but instead only airdropped to subscribers in March. Distributed by the NEO Council, 20 million ONT tokens were sent to the community.

Featured image from Shutterstock.

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Wells Fargo Is The Latest Bank To Block Cryptocurrency Purchases On Credit
You can’t buy bitcoin with Wells Fargo credit cards anymore. Engadget reports, “Wells Fargo is pumping the brakes on customers using their credit cards to buy bitcoin — the bank has banned credit card cryptocurrency purchases. However, this isn’t a permanent measure, as Wells Fargo will monitor the crypto market and reassess the issue as needed”.

SEC Launches ICO Portal: Highlights Risks, Rewards, and Responsibilities
According to Tony Spilotro of BlockExplorer, “The United States Securities and Exchange Commission (SEC) is vehemently opposed to a common crowdfunding practice in the cryptocurrency industry called the initial coin offering (ICO). An ICO is similar to an initial public offering where a company or corporation raises investment capital by offering its stock to the public for the first time. Only in an ICO, a digital currency or token is distributed instead of a stock, and the token can have a variety of uses that blur the line of what defines a traditional security.”

Hackers Steal $20 Million Of Ethereum From Ethereum-based Apps and Mining Rigs
The Chinese cyber-security firm Qihoo 360 Netlab reported hackers stole over $20 million of Ethereum. BleepingComputer tells us, “The cause of these thefts is Ethereum software applications that have been configured to expose an RPC [Remote Procedure Call] interface on port 8545. The purpose of this interface is to provide access to a programmatic API that an approved third-party service or app can query and interact or retrieve data from the original Ethereum-based service —such as a mineror wallet application that users or companies have set up for mining or managing funds.”

Argo Blockchain to List on London Stock Exchange, Launches Subscription Crypto-mining
Argo Blockchain, a business that seeks to offer cryptocurrency-mining to the masses, announced its plans to list its shares on the London Stock Exchange. BlockExplorer’s Julia Travers shares with us that “the announcement coincided with the launch of Argo’s Mining as a Service, or MaaS, program, which will allow users to participate in mining through the Argo site with their home computers or smartphones.”

The United States Securities and Exchange Commission (SEC) is vehemently opposed to a common crowdfunding practice in the cryptocurrency industry called the initial coin offering (ICO). An ICO is similar to an initial public offering where a company or corporation raises investment capital by offering its stock to the public for the first time. Only in an ICO, a digital currency or token is distributed instead of a stock, and the token can have a variety of uses that blur the line of what defines a traditional security.

Still, the SEC believes that the way ICOs are funded has them falling under security laws, and the companies interested in launching an initial coin offering need to comply with SEC private placement rules and investor protection guidelines. Those that fail to comply, may be subject to cease and desist letters in the future, as has happened with a number of US-based ICOs.

To further warn potential investors of the dangers initial coin offerings, the SEC has published a website on the increasingly popular capital raising method, providing what the SEC calls the “three ‘Rs’ of ICOs: Risks Rewards and Responsibilities.”

The website reads:

“Companies and individuals are increasingly considering initial coin offerings (ICOs) as a way to raise capital or participate in investment opportunities. While these digital assets and the technology behind them may present a new and efficient means for carrying out financial transactions, they also bring increased risk of fraud and manipulation because the markets for these assets are less regulated than traditional capital markets.’

The list of potential risks, rewards, and responsibilities is directed both at investors and potential ICO issuers and cover off on how initial coin offerings could be securities, may need to be registered with the SEC, or may pose “substantial risks.” To avoid those risks, the SEC warns investors to do their own research, ask questions, to understand the product, and to take extreme caution if and when an investment sounds “too good to be true.”

The SEC also takes the opportunity to warn would-be ICO issuers, asking them to “use caution before promoting offers and selling coins.”

A month ago, the SEC launched a fake ICO website called HoweyCoins.com to provide a working example of what a fraudulent ICO may look like. Investors who clicked on any of the fake site’s ‘buy now’ buttons, were redirected to educational materials on what red flags to look out for when considering investing in an ICO.

[Image Credit: WikiMedia Commons]

PRESS RELEASE:

Name: Crypto EXPO Asia
Venue: Suntec Singapore Convention & Exhibition Centre
Date:26.10.2018
Website:
https://singapore.cryptoexpo.asia/

Crypto EXPO Asia will be held alongside with another huge event – Singapore Traders Fair & Gala Night – at the same place and time. SINGAPORE–Crypto EXPO Asia takes place on October 26, 2018. Suntec Singapore Convention & Exhibition Centre will become the world of blockchain and bitcoins for the day. Another outstanding show organized by FiNEXPO is going to be a success, as Crypto world already did.

Both shows will welcome dozens of speakers and over 8,000 visitors. The Crypto EXPO Asia space will be filled with exhibitor booths, bars and seminar halls. You will broaden valuable contacts and explore the Crypto World itself in detail. The event will include a large exhibition, panels, a diversity of discussions, a Gala Night with entertaining magic shows, lucky draws, fantastic prizes, live performances and Crypto Awards – with 30 nominations for the best companies in the industry.

Meeting with top Crypto experts and leading ICO/BTC companies is a unique opportunity available for all visitors. Seminar topics will cover ICO and White Paper projects, digital AD, PR and marketing in the blockchain, ICO due diligence, global capital markets, ICO, blockchain and crypto-currency future and others.

Crypto EXPO Asia is surely one of the most attractive crypto shows. All you have to do is register at https://cryptoexpo.asia/. Get the access to the fascinating Crypto world!

We are also happy to announce our other upcoming Crypto events in Asia:

  • Vietnam (24.11.2018)
  • Philippines (27.04.2019)
  • Malaysia (06.2019)The organizer of this show is FiNEXPO. It is the first and most influential financial event and fair organizer since 2002. FiNEXPO connected over 30,000 traders, investors and financial advisors with more than 3,000 financial companies and brokers on Stock, Option, Forex, Bond and Forward markets.

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Twitter CEO Jack Dorsey: Bitcoin Should Be Native Currency of the Internet
Twitter and Square CEO Jack Dorsey stood on stage at the Consensus conference, saying Bitcoin should be the cryptocurrency of the internet.

Adware Bundle Makes Chrome Invisible to Launch Cryptojacking Attacks
ZDNet reports, “CPU usage spikes up to 80 percent on infected machines.”

The SEC Launches Phony ICO Site to Promote Scam Awareness
In a bid to raise awareness of potential investment scams in the cryptocurrency space, BlockExplorer’s Tony Spilotro says the U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy have launched a fake website posing as a luxury travel firm kicking off the pre-sale portion of their initial coin offering (ICO).

Largest Bank in the Philippines Showcases Bitcoin Mining Equipment
The cryptocurrency world is buzzing upon the news The Philippines largest bank is dabbling in Bitcoin. NewsBTC reports, “UnionBank recently demonstrated its cryptocurrency miners at a business conference. That is an interesting development, considering how the world’s leading cryptocurrency is a legal tender in the country.”

PwC China Survey Finds That Most Companies Prefer to Investigate Blockchain Internally
Rebecca Campbell of BlockExplorer reports, “A joint survey by PwC and VeChain has found that most enterprises prefer to setup their own in-house research and development (R&D) teams to investigate the blockchain.”

Image courtesy of Carty Sewill, http://cartyisme.com/