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Tag Archives: ICO Project Failures

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1000 Dead Digital Coins: What Does this Really Mean for the Cryptocurrency Market?

  by David Drake     Initial coin offerings (ICOs) have gained popularity over the last two years. However, 2017 marked the beginning of fast paced growth for the cryptocurrency industry. In this year, bitcoin’s price increased from a low of $1000 to reach a high of $19,000 towards the end of the year. In addition, the industry has experienced an increase in the number of ICO projects. This year alone, more than 500 ICOs have been launched within the cryptocurrency space. Some notable ICO projects that have come to the fore include AnthemGold, a project that is changing the way people invest in precious metals including gold and OptDyn, creators of Subutai, the first intelligent, blockchain-based peer-to-peer cloud computing platform. ICO projects like URAllowance and Bitque use blockchain to facilitate parent-children communication and improve flexibility within the decentralized environment respectively.  In the e-commerce space, IOU is applying the technology to ... Read More »

Why Commercial Viability is the Key to Improving the Success Rate of ICO Projects

  by David Drake     The invention of blockchain has created space for tech savvy individuals and companies to craft innovative solutions to problems that arise in various sectors. For instance, in the financial market, AnthemGold is using blockchain to transform the way people buy and sell precious metals, including gold. BlockVest, on the other hand, is using smart contracts to improve the way investors manage their digital asset portfolios. At the same time, URAllowance is enhancing interactions between parents and children, while IOU is utilizing blockchain to improve shopping experience for e-commerce customers. Ideas such as these continue to intrigue investors, causing them to invest billions of dollars into the cryptocurrency space. Over the last one and half years, the number of initial coin offering (ICOs) has increased significantly as owners of blockchain-based projects use them to raise capital. In just five months, an estimated $13.7 billion has been ... Read More »

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