Cryptocurrencies are once again seeing massive gains, and many are quick to compare the growth to the one experienced in 2017. While there is a lot less hype about it this time, as cryptos are far from being unknown at this time — the prices are still growing rapidly, although they are known to struggle when reaching certain levels.
However, another thing to note is that higher prices are not the only thing that has come back. In fact, numerous trends, some of which were even believed to be extinct, are making a comeback. ICOs are definitely one of them, and there are already countless token sales. Some are active at the moment, while some have already ended. Meanwhile, the number of those scheduled for the future continues to grow every single day.
With all of that in mind, it is also important to remember some of the most interesting ICOs that were held in the past, particularly during the bull run of 2017. This was the most hyped period in crypto history, and in the middle of Bitcoin's climb to success, Fair Trade Cab held its ICO.
Fair Trade Cab was a project that held its ICO back in late 2017. The project provides a geo-based app for democratizing on-demand transportation. It offered to connect passengers and rivers directly and make it far easier to share rides and move around the city with greater efficiency. In addition, passengers would be able to pay for their rides in crypto, which is a big use case in the real world.
Naturally, all of this would be possible thanks to blockchain technology, and the project ensured investors that the passengers' data would be completely secure. This security would be additionally enhanced by eliminating intermediaries between passengers and drivers.
By using the tokens for payment, the project was hoping to ensure a sustainable sharing economy, and bring crypto use cases to the real world, which was a rare sight at the time.
As mentioned, Fair Trade Cab ICO was held in the second half of 2017, from October 11th, 2017, to December 11th of the same year. The token which the project would use for payments was called FTC, and it was designed to be a utility token.
It was also created on Ethereum's platform, which made it an ERC-20 token. There were no restrictions when it came to investing, and investors around the world were welcome to participate in the token sale.
The project itself was based in France, and it required would-be investors to go through a KYC procedure.
|Pre-Ico End date||August 3, 2019|
|Start||May 1, 2019|
|End||June 10, 2019|
The project itself is not unique, and many others attempted to combine crypto and blockchain technology with ridesharing, and in a more successful way, at that. Still, it is important to stop and look back from time to time, particularly now, when ICOs are returning.
While the project came out in the middle of the ICO hype, it does not appear to have seen much success in 2018, particularly after the crypto winter had struck. It also lacks a lot of information about the ICO to this very day, which can be frustrating to those investigating the coin and trying to find out whether or not to invest.
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