Ever since it appeared, the crypto sector has been fascinating people. Not only for the fact that it provided us with a completely new form of money. Not for its countless use cases, or the fact that it is transparent, and free of government control. It fascinates people because of its decentralization. Because anyone can participate and contribute their small portion, but still potentially impact it in a grand way.
For way too long, people had no control over pretty much anything. Having the power to make and impact decisions comes as a refreshing change of pace. The sector relies on the crowd to determine which way to go, what to do, and more. It is the participants who are allowing it to move, and traders and investors are paying them for it. In the end, the machine functions almost perfectly. There are still a few things to change or fix, varying from one project to another.
But, that is what makes each project unique, and what determines their quality. One project that is relying heavily on its community, leaving all of the decision making to the crowd, is Harbour DAO.
Harbour is an Ethereum-based, community-governed decentralized autonomous organization (DAO). Basically, it uses the wisdom of the crowd for everything, from holding token assets to managing them, and more. It is a project that insists on giving power to the people and relying on them for even the smallest decisions.
All such decisions are taken by the users, and the generated Ethereum that comes along the way is distributed to token holders each quarter. The system is a very safe, very smart, and very convenient method of becoming involved with cryptocurrency and blockchain technology.
Blockchain, in particular, comes as an extremely important piece of tech that will change the world in years to come. It is still in its early stages, still marked by experiments and all kinds of projects — many of which are likely to disappear by the end of the learning process.
But, year after year, blockchain is making incredible leaps, both alongside crypto space and as a separate technology. But, this journey includes everyone involved, which is why projects like Harbour DAO do have the potential to succeed. Of course, everything that the project had planned depended on it having its own crypto, which is why Harbour DAO held its ICO about two years ago.
As mentioned, Harbour already held its ICO, back when cryptocurrencies were emerging from the dark, and surging high in terms of prices and popularity. The project's ICO started on August 1st, 2017, and ended on August 29th, 2017.
Interestingly enough, there is no record of how much the project managed to raise. But, it was originally planned that the ICO would last until August 31st, or until the cap of 10,000 ETH is reached, which may indicate that the project hit 10k ETH on August 29th.
A few other details are known, such as the token's ticker — HRB, the fact that the token is a utility, developed on Ethereum's network, and its ICO price was $24.8231 per 1 HRB.
The project was registered in Germany, and it had no restricted areas, as far as it is known these days. It had a hard cap of $3.723,465, and it only had 150,000 tokens for sale.
|Start||August 1, 2017|
|End||August 29, 2017|
It had a small and unverified team, only two advisors, no white paper, and a serious lack of information, so the project definitely raises some red flags. But, in theory, it is an interesting one. Unfortunately, it never really took off.
The project is interesting in a way, although not unique. It focused heavily on one of the cryptocurrency's main aspects — its decentralization, which is ultimately a good thing. Exploring this area further can be of help when it comes to future projects.
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