With so many ICOs launching all the time, how do you know which ones will bear fruit? Here are five interesting token sale projects to watch in February and March.
Hicky – Blockchain Based Dating App to Verify Super Secure Connection Experience
Hicky is a decentralized dating app (DApp) and can be thought of as Tinder on the Blockchain. Token economy, as well as the power of the blockchain, is used by Hicky to ensure trust on their platform and thus optimize dating results.
By making it easy to match with potential partners, dating platforms have ironically made it more difficult to truly connect. When you can very easily move on to the next person, the value each person you communicate with is diminished.
Picky solves this by adding a very small fee to engage in interaction on the platform. This is one of the functions of the Picky token. Human psychology is such that, even if the cost is very small, having any cost at all makes people think a little more carefully about what they want to say. By attaching a small cost to interactions, Picky simulates the real-world environment in which you need to think a little more carefully about what you say to people, leading to more meaningful interactions.
What happens if you arrange to have a date but the other person just doesn’t show up? You end up wasting your time while the other person goes completely unpunished. They are free to do the same thing to any number of unsuspecting victims. This phenomenon has been growing in dating platforms as people sometimes set up several dates for a particular evening, then only show up to the “best” one. This is what happens when there is no punishment for bad behavior.
Picky solves this problem with its “Date Deposit.” Before going on a date, both people lock up some of their Picky Tokens. If one person doesn’t show up or otherwise behaves badly in some way, they face the possibility of losing their deposit. Having this form of “punishment” should drastically improve behavior, leading to the building of more long-term relationships. Their Telegram chat has more than 6k members. Check out the Picky whitepaper for a more detailed exploration of this.
The public token sale began on February 14 (Valentine’s Day) and is scheduled to run for one month until March 14. The project has already raised more than 2 mln USD.
Savedroid – a Unique AI-Fueled Ecosystem of Crypto Saving and Investing for the Masses
Within only 2 years, Savedroid has already left its mark in the German FinTech space. They have built an award-winning, cutting-edge AI savings ecosystem that is available for free on Android and iOS in Germany. The app is targeting a rather younger user group – 90% between 18 and 44 years – and has registered more than 200K downloads and multiple millions of saving transactions have been processed so far. They have created high customer satisfaction in App Store and Android Market.
Also, Ssavedroid has raised more than 3.5m Euro in equity from renowned investors and successfully partnered with many blue chip companies such as Amazon, Deutsche Boerse, and Wirecard to name just a few.
Savedroid’s claimed to help people with putting money aside in a dedicated savings account, using personalized AI based savings rules. These rules – also known as “smooves”, a contraction of “smart saving move” – allow users to turn their everyday habits, such as exercising, checking their smartphone, using social media apps or shopping, into pure savings.
Savedroid has solved the challenge for common people to save money – it provides smart and fully-automated micro-savings and even spend optimization – using a self-learning algorithm with a convenient UX understandable for everybody. Savedroid ICO is pretty unique due to the fact that they claim to bring cryptocurrencies to the masses by eliminating the complex adoption barriers of selecting and registering at a crypto exchange, selecting, setting-up and maintaining a wallet, and handling and storing private keys.
Savedroid’s pre-sale was sold out in 7 hours and they have more than 42k members in their Telegram group. Read their whitepaper if you want to learn more.
Biometrids – a Platform That Brings Decentralized and Anonymous Id to the Blockchain
Biometrids brings decentralized and anonymous ID to the blockchain. Through facial recognition, they can ensure that every person in the chain is unique. They do not store pictures on the chain, they only store patterns. For a computer to understand a picture, it captures nodal points of the face. These nodal points will be made into a string of numbers, which represent the face, and stores it in the blockchain. No one can read the nodal points, beside the system.
The Biometrids platform will be able to send a request to an individual’s smartphone for identification when a merchant or the government is trying to identify the individual. Facial recognition will still be able to identify individuals as they get old or even when they have surgery. The platform aims to reduce cases of identity theft. Biometrids will be applicable on various platforms; Package Delivery and Courier, Static ID, Car Rentals and the Cryptosphere. Cases of identity theft are on the rise all over the world. In the United States alone, cases of identity theft have risen from 13.1 million in 2015 to 15.4 million in 2016. This led to losses worth $15.3 billion in 2015 rising to $16 billion in 2016. Identity theft is becoming a menace; with its increasing scope and size. In 2016, over 270 million identities were exposed.
The project promises to bring some real benefits: Total decentralized ID with no middlemen. They do not store passport for validation, and that means that they are the only total decentralized ID out there, as the face is the validating input. One face means one ID.
Biometrids has started its token sale on February 19 and it will last until March 19. Biometrids Telegram chat has more than 2k members. If you are interested to learn more feel free to take a look at their whitepaper.
Eroiy – Blockchain-Based Cryptocurrency for Incognito Payments in the Adult Entertainment Industry
The beauty of Eroiy is that it allows for anonymous transactions and an independence from financial middlemen and their associated fees.
Both customers and merchants of the adult entertainment industry have a strong demand for discreetness when paying for online content, including video content, e-commerce related to goods, gadgets and tools, live streams and chats. The Eroiy and Eroiy Ecosystem will meet these expectations.
The Eroiy Ecosystem comprises of the Eroiy, the Eroiy eWallet, the Eroiy Exchange (allowing an immediate exchange of fiat and all relevant cryptocurrencies, as well as of air miles and other bonuses and good points into the Eroiy) and an Eroiy Crypto Debit Card (facilitating immediate payments).
The Eroiy eWallet is a game changer since it is the first solution for convenient, anonymous and cost-efficient payment means for online content and merchandise. No other coin, nor any other wallet is offering these advantages to date.
The Eroiy is based on the NEM blockchain protocol. Therefore, it is safe, cost-efficient and fast, and allows the use of smart contracts.
The Eroiy Corporation has already built up a chain of adult entertainment companies which want to accept the Eroiy as payment means. Eroiy Token Sale is live right now and they’ve raised more than 12mln EUR so far.
You can read more in their whitepaper as well as ask questions in their Telegram chat with more than 3.5k members.
Karatbank – Blockchain-Based Cryptocurrency That Is Linked to Physically Deposited Gold
Each 10,000 KaratBank Coins are promised to be exchanged for 0.1g CashGold at any time.
The KaratBank Coin is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.
Globally, customers on the one side, and merchants and servicers on the other side, rely on the value of gold. In former times, gold was a direct payment means, particularly in the form of gold coins. However, Gold has continuously been replaced by banknotes, which nowadays are not, or only to a marginal percentage, backed by state-owned gold.
Therefore, the value of the bank notes issued by the different countries rely on the trust that the respective country can pay its bills, only this is less sure than in former times. Especially in less developed countries, the trustworthiness of legal tender moves towards zero.
Currently, more than 480,000 customers from more than 120 countries have already bought smallest gold bars from Karatbars GmbH, Stuttgart, Germany. The total investment of these customers amounts to nearly EUR 120 million. It is therefore obvious that with this customer basis, the KaratBank Coin will achieve a high market capitalization: it will write a success story.
The visionary behind the idea to create the KaratBank Coin is Mr. Harald Konstantin Seiz, a German entrepreneur, founder, and owner of several companies, author of books, guest speaker and founder and CEO of Karatbars GmbH, Stuttgart, Germany.
Take a look at their whitepaper to learn more.
Note: Trading and investing in digital assets is speculative and can be high-risk. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.
What do you think of the ICOs on this list? Are there others that we should include? Let us know in the comments below.
Images courtesy of Hicky, Savedroid, Biometrids, Eroiy, KaratBank, AdobeStock
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