Robonomics - ICO Review

Blockchain and cryptocurrencies have been around for over 10 years now, and while they have a long way to go before reaching mass adoption — it is undeniable that they are making significant progress. Both crypto and blockchain have already entered most industries or at least made steps towards doing so. A lot of these projects hold great potential to improve and revolutionize countless areas of modern industry.

Among the most popular projects in 2019, however, we have some which aim to further connect blockchain, crypto, and robotics. Some of these projects have received a significant amount of attention. The possibilities continue to grow with each new idea that enters the circulation, and there are already many projects that might impact robotics. Just as IOTA can connect the IoT, so can other networks connect large quantities of robots, and monitor their performance, recording all data in a safe, secure, and still transparent way.

One such project is Robonomics Network, which has yet to hold its token sale.

About Robonomics Network

Robonomics Network is a project that has developed a protocol that allows numerous different robots to establish a connection with the market of robots' liabilities, existing on Ethereum's network. This would allow gaining access to the direct sale of data gathered by robot sensors. Further, it would also make it possible to order logistics services, as well as organization ordering of personalized products from fully automated companies.

There were already several ideas that included combining blockchain technology with robotic sensors that would store data. The aim of these projects is mostly to improve urban life and allow people and companies to cope with the increasing complexity of supply chains, which is what Robonomics Network also aims to achieve.

The most sustainable option, according to the project, would be to arrange the collaboration of autonomous cyber-physical systems and allow them to work as part of a network.

Robonomics Network ICO details

As mentioned, Robonomics Network has yet to hold its ICO, or even announce its date. However, there are a few other details regarding the projects that are already known. The name of the token, for example, is XRT, and it is a utility designed on Ethereum network. This makes it an ERC-20 token, which would be used for fueling the platform and processes done on top of it.

It is also known that the project is based in Switzerland and that investors can purchase XRT coins in exchange for Ether (ETH). However, the project has raised a red flag with many as it does not have KYC or Whitelist procedures at this time. It does have a white paper, however, so investors interested in participating in this ICO should study it in detail before doing so.

No other information is currently available regarding the token or the ICO. The lack of information may imply that the ICO is still not ready to be held.

Author: Ali Raza for

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StartJune 1, 2019
EndSeptember 30, 2019

One day, when I was just flipping through TV channels, I've come across a news bit about the Russian tech achievements, and there was a military robot which has been showcased to Vladimir Putin. It looked really hideous and functioned as if it was taken out of some movie from the 80s. I wonder if the guys from Robonomics cook up something similar in their engineering labs. Let's be honest, we haven't seen any significant tech solutions coming out of Russia lately, if ever, so why would this project be any different.

Blockchain Ambassador   September 29, 2019  

I have taken a real interest in Robonomics at first, but then it turned out that this startup is likely to be operating in Russia. No offense, but I think that Russia is hardly the best country for the high-tech project, it is just too regulated, conservative, and corrupt. If Robonomics hits it big, there is a high probability that the government will start putting grits in the bearing, especially given the project's blockchain nature.

Paul   August 12, 2019  

If you are not an empty-headed profiteer, but a wise long-term investor, then you should definitely take a closer look at Robonomics. Indeed, this startup might not reap immediate financial benefits, but who cares about that, if these guys offer a chance to partake, at least as an investor, in a real technological revolution. It might take a long time, but the robotization of our society, and nearly all industries, is inevitable, so you are either taking an active part in that process or remain on the sidelines and miss out on superb opportunities. I choose to be at the spearhead of technological progress, together with Robonomics.

Milly   July 26, 2019  

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