Ever since the crypto and blockchain technology emerged, the world has been obsessed with the idea of using distributed ledger for establishing networks and connections with no central authority. This would also eliminate the need for any intermediaries, and as a result — the cost of transactions.
The blockchain itself is what interests most companies, although cryptocurrencies also come as part of the package, as they are the driving force of the chain, as well as an incentive to participants. The possibilities are almost endless for any industry that adopts the blockchain technology, as it holds tremendous potential to change the way businesses work forever.
As such, there are many startups focusing on using this tech, and even the massive, established companies are considering switching to it. One startup with such a noble idea is Helix, which is currently planning to hold its ICO at some point in the future.
Helix is a young company, founded back in 2017 as Helix Cognitive Computing GmbH. It is headquartered in Berlin, and it is a tech firm that has dedicated its efforts towards creating a sustainable digital ecosystem that would connect everyone and everything. As mentioned, the goal is to do this without the need for any intermediaries, central authorities, and alike.
However, the company aims to go beyond the regular blockchain system, and is currently working on developing a blockless and chainless next gen P2P digital exchange network, which would be known as HelixTangle. It is also working on creating its own cryptocurrency, and hopefully, use it to help shift the current economic and political power structures across all industry and society levels.
As mentioned, Helix is working on its coin that is expected to see the launch at some point in the near future. The token will be known as mHLX, and its ICO date has yet to be revealed.
However, what it is known is that it will be a utility token, developed on Helix's own platform. The project has already published its preICO price, which is 0.015 EUR per 1 mHLX, as well as its ICO price — 0.02 EUR per mHLX. However, its tokens will only accept Bitcoin and Ethereum in exchange for mHLX. The project did not publish its minimum investment, nor its soft cap. But, its hard cap currently sits at 10 million EUR.
As stated before, this is a Berlin-based project, meaning that it is registered in Germany. It will allow pretty much anyone to participate, apart from three restricted areas — the US, Singapore, and China. Everyone else is allowed and welcome, as long as they go through the KYC procedure.
|Start||June 1, 2019|
|End||September 30, 2019|
Everything about Helix seems to be great. They offer state-of-the-art security, promises of superior scalability, and seamless interoperability. But then again, such an innovative product will surely come across a lot of bumps on the road towards the impeccable operationality. Therefore, regardless of Helix's appeal, I would approach it with caution, because most tech startups spend years before their product gets financially viable. If you have that kind of patience, then Helix Network might be a good place for your money.
I know that an abundance of smart words might make an impression on someone, but certainly not on me. Because I think not as a technician, but as a smart investor, who always calculates the chances for a substantial return on the investment. In the case of Helix, I would advise being cautious with this project. Even though the technology stack behind Helix is described vividly, there is no guarantee that this innovative solution would work smoothly.
The rule of thumb for me when researching an up-and-coming blockchain project is to check the team first to see whether it is competent enough to put the idea into practice. One can write anything in the whitepaper - promise to conquer the space or something - but when it comes to the realization of set objectives, most projects fail. That is certainly not the case with Helix. The team is well-staffed, knowledgeable and experienced. I won’t go at length about the beauty of their tech solution, because it would take a couple of pages of writing. It is simply amazing, so I will continue following Helix closely.
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