|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||June 1, 2017|
|End||July 31, 2017|
ICO description, Technical Details and Documents
The evolution of cryptocurrencies has brought a number of new possibilities to the financial industry, but also to others, as well. With decentralization, people no longer have to depend on banks and financial institutions. They could manage and secure their funds themselves. While this means that they are responsible if the funds are stolen, it still means that there are no hefty fees to pay just for someone else to manage your transactions.
Digital money is on its way of being recognized and accepted worldwide, with Bitcoin leading the charge. This attracts more and more businesses to the crypto sector, which is only increased by the rapidly recovering prices.
The first time that the industry saw such a massive surge in new projects and businesses was in 2017 when token prices first started surging. Soon after that, new ICOs started appearing left and right. Investors were willing to invest in pretty much anything, and many tried to use it to raise money for all kinds of projects. One project like that, which tried to hold its ICO back in 2017, was CruCoins.
CruCoins is a digital token project that was supposed to sell its coins and raise money in order to facilitate the expenses connected to the world tour of a popular art exhibit known as 'Corporation.' The exhibit was featured in The Daily Beast and Yahoo Finance, and the project announced that the coins would be used to collateralize the value. Meanwhile, the sale of the Corporation exhibit would go through smart contracts, and as soon as the sale of all pieces of art was done, the tokens would have been redeemed.
The project expected that the token sale would be around $1 million-large. As mentioned, all money raised during the sale would be used for funding the tour, paying for various expenses, and alike. Meanwhile, tokens' uniqueness was in the smart contracts that would govern the coins' life.
The project announced four main smart contract governance stages. The first one was Sale, where tokens would be sold to non-US residents. Then, there was Collateralizations, where tokens would be backed by the exhibit and would track its value until the sale of all art pieces was done. The third was Trading, where tokens would be governed by a Lock. Finally, there was Redemption, where the tokens would be redeemed upon the exhibit pieces were sold during the tour.
The entire concept is quite interesting, to say the least, although it was clear that the tokens would lose their value and usefulness after the exhibit was sold.
CruCoins held its ICO back in mid-2017, while the coins' prices were on the rise. It was still the beginning of the crypto gold rush. Its token was known as CRU, and it was a utility token, developed on Ethereum's network. This, of course, means that it was an ERC-20 token.
There is not a lot of details regarding the ICO, apart from the fact that it was registered in the US, but it also restricted the US investors from participating. It lasted from June 1st, 2017, until July 31st of the same year. It is unknown how much it managed to raise, and the lack of any other information in regards to the ICO remains to this day.
* Crypto Rating accepts no liability for any errors in the CruCoins ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||91.2%||10||$26 805.87||-1.40%||2.56%||$519 755 870 988|
|2||ETH||Ethereum predictions||94.4%||5||$1 854.67||-0.84%||4.20%||$223 015 422 400|
|3||USDT||Tether predictions||96%||1||$1.000096||-0.02%||0.03%||$83 230 335 223|
|4||BNB||Binance Coin predictions||95.6%||1||$303.98||-1.00%||-0.22%||$47 377 323 224|
|5||USDC||USD Coin predictions||94.4%||1||$0.999905||-0.01%||0%||$28 877 501 003|
|6||XRP||XRP predictions||76.8%||37||$0.505541||-0.88%||12.34%||$26 279 740 617|
|7||ADA||Cardano predictions||90%||10||$0.363936||-3.17%||2.01%||$12 695 439 313|
|8||STETH||Lido stETH predictions||96%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|9||DOGE||Dogecoin predictions||84.8%||17||$0.071531||-0.10%||1.71%||$9 984 428 154|
|10||MATIC||Polygon predictions||81.2%||35||$0.889823||0.05%||1.41%||$8 257 084 812|
|11||SOL||Solana predictions||79.6%||29||$20.61||-0.54%||6.81%||$8 175 590 615|
|12||WTRX||Wrapped TRON predictions||81.2%||37||$0.074658||-1.32%||-3.61%||$7 590 887 095|
|13||LTC||Litecoin predictions||80.4%||37||$92.37||3.38%||9.85%||$6 747 710 768|
|14||TRX||TRON predictions||81.6%||35||$0.074386||-1.89%||-3.97%||$6 711 481 387|
|15||DOT||Polkadot predictions||90%||10||$5.22||-2.17%||-0.51%||$6 213 935 139|
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