Top ICOs raising funds, Week 32 ’18

Top ICOs raising funds, Week 32 ’18

Have a look at the data on several ICO projects of the past week (32nd Week of 2018) ranked below in order of money raised: 4NEW Limited, Origo, Usechain, DREP, FOAM.

The data is taken from websites with open data, at the moment of publication. The given information helps to grasp an overall dynamics of the market at large. Keep in mind, some data can be updated with delay. If you are an investor, we recommend you to turn to the ICO representative for real-time data.

4NEW Limited (KWATT)

4new.io

Raised funds: 28.9% ($45,000,000)

4NEW is Waste to Energy treatment plant that will provide services across the entire supply chain of converting waste to energy. 4NEW functions as a wholesaler of waste and energy.

Origo (ORIGO)

origo.network

Raised funds: 19.2% ($29,862,157)

Origo is a scalable privacy-preserving solution for decentralized applications.

Usechain (UST)

usechain.net

Raised funds: 18.8% ($29,325,735)

Usechain is a public blockchain ecosystem built on Mirror Identity Protocol.

DREP (DREP)

drep.org

Raised funds: 12.7% ($19,800,000)

DREP enables Internet platforms to quantify, monetize, and share reputation value. 

FOAM (FOAM)

foam.space

Raised funds: 10.6% ($16,548,796)

FOAM is an open protocol for Proof of Location on Ethereum.

Other ICOs raised 9.7% ($15,145,779) by week 32

DREP

Upcoming
$ 19M of 19M raised

FOAM

Ended on 10 Aug, 2018
$ 15M of 24M raised

Origo

Ended on 10 Aug, 2018

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Welcome to the #CryptoTwitter Party Contest: What Is It the TCR Party About?

Twitter has been the go-to place for crypto experiments lately, and one of the most recent is a popularity contest of sorts. The experiment sought to test how effective token-curated registries are and was developed by Gregory Rocco. Rocco, who works at ConsenSys, spoke with CoinDesk, saying the concept of this experiment came to him several weeks ago in the shower. Presently run on a “spoke” of ConsenSys called Alpine, the self-proclaimed TCR Party is primarily made up of the former design team that worked on Token Foundry. Yesterday’s numbers show that there are over 250 people involved in the registry, which is trying to draw a line between the top influencers in Crypto Twitter and the people who simply want to be them. To participate, users tweet the message “Hey @TCRPartyVIP let’s party!” Then, a direct message is sent to them with instructions on what to do. Alpine’s head of strategy, Rocco, is a helpful opportunity for audiences to discover the technology that offers list-making protocols as the incentive, using the audience as the authority on the subject. Steve Gattuso of Alpine described the interactions between the crypto wallets and the automated bot interactions, saying, “Behind the scenes, any time a user registers to participate we actually generate a multisig wallet for them … you basically use the bot as the wallet.” Other Projects With Similar Registries Even though the TCR Party is using Twitter to bring others to experiment with the technology, other projects are working on TCRs as well, like FOAM and MetaX. Right now, both Rocco and Gattuso are surprisingly skeptical about TCRs, voicing concerns that they’ll ultimately just become popularity contests that the audience abuses to get more tokens in their wallets. Gattuso said, “My hunch was that TCRs will end up being plutocracies, where the rich get richer and control the lists.” Rocco added onto that thought as well, saying, “We’re already starting to see the benevolent cartels form.” No Plans To Monetize Despite growing in members, Gattuso says that the Alpine project will not be actually monetizing the TCR Party. Staked testnet tokens are awarded for minimal participation, even if the individual just interacts with the program. There’s no value for abstracted tokens, which is why the Alpine researchers stated that this isn’t perfectly matched with the other projects that enterprise clients take on. A software engineer for MetaX, Edwin Cheung, pointed out, “Without token economics on the Rinkeby Testnet, it is difficult to predict how people will behave on the Ethereum Mainnet.” Still, the information that Alpine has learned is still providing its own value. When the first testnet was implemented, it failed when a major miner stopped participating. This led the TCR Party onto another blockchain instead, though Twitter ended up blocking Alpine’s API access. Clearly, the only way to maintain the reliability of a TCR is with the right infrastructure. The whole point, after all, isn’t to “jockey tokens,” as Rocco states. Instead, the goal is to determine what blockchain solutions can optimally offer real value. While there could be other experiments apart from the use of Ethereum, Rocco stated, “Token modeling is just one small component of what the entire team is working on.” Continuing The Research Messari CEO Ryan Selkis is keeping an eye out, saying that they are working on “our own TCR for Messari’s disclosure registry.” He added, ”Most of the cool tech that’s been built in crypto wins initial awareness from the games that are built on top. Satoshi’s Place with Lightning, CryptoKitties with NFTs, even Satoshi Dice with bitcoin back in the day.” Gattuso commented that this is just an experiment, so consumers should avoid assuming anything about the course it has taken thus far. He said, “We’ll learn a lot more over the next couple of weeks. Maybe this will turn out to be a well curated registry.” Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) Price Analysis Watch (Feb 8th)
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Poloniex Becomes First Digital Asset Exchange to Accept FOAM Tokens

Circle, the global crypto finance company, has been on quite a roll since its acquisition of the cryptocurrency exchange Poloniex. Fast forward, and the firm is now focused on bringing an array of diverse and compelling assets to its newly acquired trade platform. That includes digital assets with strong business models, fundamentals, technology, and market dynamics. The Listing In the official blog post, Jed Breed, Digital Assets Lead at Circle, announced the introduction of FOAM into the Poloniex exchange. The move signifies a significant step for Poloniex in including new tokens in its crypto family, with more exciting announcements set for later this month. He writes: “The addition of FOAM to Poloniex on the launch of its availability represents another milestone for our team this year. Thank you for your ongoing support as we grow the Poloniex family of assets to include new, innovative projects.” We are delighted to welcome #FOAM to the #Poloniex family! @foamspace https://t.co/2NGuMraHmB — Poloniex Exchange (@Poloniex) December 10, 2018 FOAM, the token underwent a scrutiny process that saw it achieve clear standards set out within Circle's Asset Framework. The Asset Framework provides Circle with an approach to understanding the potential of each digital asset. The structure would pose questions across fundamentals, people technology, business model and market dynamics to the new listing. That happens by filling out an Asset Listing Form whereby the asset's score in each category is determined through publicly available data points and information. However, the framework is not a comprehensive checklist but rather a measure through which Circle can prioritize new listings according to their potential. Currently, the Poloniex is offering deposits and withdrawals, with customers now able to post limit orders. However, orders will not match for a minimum of one hour. The Post-only mode allows Poloniex's order books to fill before opening trading for the day. Such a move helps avoid the dramatic price swings experienced in the market. The exchange also went ahead to confirm that full trading in BTC and USDC pairs will be available for the crypto traders. FOAM Protocol The FOAM protocol empowers a reliable and resilient world map that uses smart contracts as a basis to achieve consensus. Of a sort, the system introduces a “Proof of Location” model. Users and autonomous agents get to record authenticated location data without the need to use external third-party sources such as GPS. FOAM, the native token, works to power a variety of services for geospatial data like participating in the Token Curated Registry of verified location data. The overall FOAM Network and protocol launched back in September 2018, but the tokens were initially under lock due to a Proof of Use period. The period ended on December 10, and now the FOAM token is transferable across the Ethereum blockchain. About CIRCLE CIRCLE is a cryptocurrency fintech company that allows people from around the world to create and share value through leveraging blockchain technology and digital assets. The firm, founded in 2013, tries to reinvent the image of cryptocurrency based finances through its main products: Circle Invest, Circle Pay, Circle Trade and its new addition Poloniex.
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Altonomy Taurus Index Fund as an OTC Sell-Side Crypto Trading Desk Launches to Rival Ease of S&P 500 Buying

Cryptocurrency asset management firm Altonomy recently launched its crypto index fund, the Altonomy Taurus Index Fund, which targets investors looking to get in on cryptocurrencies without having to bet on a single coin. The company has more than 40 ICO project clients ranking in the top 200 by a market cap like INS and Origo as well as some of the biggest crypto hedge funds in the world like New Global Capital. Altonomy also works with other major global OTC trading partners to share liquidity and is a key contributor to the trueDigital Bitcoin and Ether pricing indices, which provide the transparency and confidence needed to enable institutional-grade derivative products. Altonomy Taurus Index Fund provides a way to track the performance of the crypto markets as a whole by holding a single crypto asset. Index funds have consistently beaten the average managed fund since their inception. The initiative is part of the company’s recent move to target a more select group of high-stakes players and institutional investors. In that respect, it will be less similar to an ETF and more like the private placement investments which are sold to accredited investors to enable them to have exposure to cryptocurrencies in traditional financial accounts. “Before founding Altonomy, we saw a huge need for a dedicated OTC sell-side trading desk in order to provide ICO issuers and crypto hedge funds more liquid trading options,” said Ricky Li, co-founder of Altonomy. “Until now, there hasn't been an independent, sell-side trading desk to provide effective crypto asset and liquidity management services. Altonomy fills this gap by consistently delivering the most favorable spreads in OTC markets given time and liquidity constraints for different token dynamics, even long-tail ones, in highly volatile markets.” Altonomy empowers clients with a number of unmatched benefits through its “Altonomy Hybrid IQ,” a combination of deep human crypto market expertise and proprietary algorithms that ensures OTC trades are executed in volatile markets with the best spread given time and liquidity constraints for different token dynamics, including: Premier Liquidity Management – Altonomy meets KPIs for exchange listings and liquidity management, even in extreme market conditions. High-Value OTC Trading – With 24/7 access to its global liquidity pool across Asia, Europe and the U.S, Altonomy delivers transparent, OTC transaction services for crypto-to-fiat and crypto-to-crypto with extended coverage to illiquid tokens. Transparent Pricing – Transparent, all-in price quotes with free listing and exchange advisory services. Protection of Client Interests – Altonomy's independent trade execution model helps protect client's best interests by aligning pricing with trading performance, and separating investment and trading practices. Proprietary Macro Market Analysis – Altonomy advises client on the impact of sentiment and various events on the macro crypto market through proprietary analysis. “When setting out to launch, we realized holding all of our assets in one token was risky,” said Baron Gong, Founder and CEO of Origo Network. “Altonomy helped us successfully diversify our portfolio through Altonomy Taurus Index Fund, advised us on the best exchange listing strategy and covered our operation expenses by providing OTC crypto to fiat trading services.”
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