As 2018 arrived, the crypto market went through a massive crash — one that knocked down the prices of digital coins by over 80%, or even more in some cases. However, the following crypto winter did not stop there. Investors became highly skeptical of digital currencies, anti-crypto individuals and entities increased their efforts to bash the crypto industry, and the regulators cracked down on the most popular token sale mode.
Everyone believed that ICOs are done for and a thing of the past; that they are extremely risky, scams, or bad projects that are just trying to use the hype to get as much money from unsuspecting investors. While there are some cases that this was true, it certainly did not include all of them — and the fact that the ICO model survived against all the odds, confirms it.
ICOs are still alive and well today, and one of them, Glyff ICO, is currently on-going and holds significant potential for the future of crypto and decentralization.
Glyff is a decentralized platform that combines advanced zero-knowledge cryptography and blockchain technology. The project's goal is to deliver privacy-oriented smart contracts and value transfers. The company is constantly adding new elements from all the latest cryptographic breakthroughs to the Ethereum's proven design.
Glyff recognizes that data privacy and security of transactions is the top priority of smart contract users. Further, it understands that making smart contracts easily programmable is necessary for their future and evolution.
In addition, Glyff also allows and supports the development of dApps, just like Ethereum. However, it brings one major difference — it allows developers to conceal data from computing nodes. That way, even sensitive data can be included in smart contracts, directly on-chain, without compromising security.
As mentioned, Glyff is holding its token sale right now. It already had a pre ICO time, which started on December 20th, 2018, and ended on March 19th of this year.
Its ICO started immediately after that, on March 20th, and it will end in about 28 days, on June 19th. This leaves plenty of time for interested investors to carefully study the project and all of its details, and decide whether or not they wish to participate.
The ICO is offering Glyff's new token, GLY, which is designed to be a utility that will fuel the platform, as well as dApps and smart contracts. It also features a prototype, as well as a bounty, and the project is developed on Ethereum's platform, making it an ERC-20 token.
Additionally, those interested in investing in this crypto should know that they can only obtain it in exchange for Bitcoin (BTC) and Ethereum (ETH). The project is based in the UK and comes with no known restrictions. In other words, anyone can participate, provided that they have BTC or ETH in their possession.
The project has a total supply of 50,000,000 GLY tokens, with 32,500,000 being currently for sale, with a minimal contribution of $125. Of course, to participate, investors will also have to go through a KYC procedure. But, before that, everyone should take the time to study the project's white paper, and make sure that this is a token that they wish to support. The crypto space remains as risky as ever, and you must take every precaution when it comes to investing, trading, or other activities.
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