After the crypto market exploded in 2017, countless new coins emerged, and the endless possibilities of blockchain and crypto projects finally came to light. Of course, this did not last for very long, as the arrival of 2018 brought the harshest crypto winter that space had ever known.
The ICO model slowly started fading away, until many believed it to be gone for good, in the second half of 2018. While this was a natural and predictable consequence of the constant bearish market, it had both positive and negative consequences. The positive ones included the emerging substitute models, such as STOs, and later, IEOs. But, the number of emerging projects has gotten smaller, which basically means that discovering new possibilities and use cases was slowing down.
Even so, 2018 had some pretty good and successful projects, with Sharpay being one of the most interesting ones.
Sharpay is a share and multi-share button that websites can add and grant users with blockchain-based rewards in exchange for promoting content. This is something that has been around ever since social networks started emerging, but with Sharpay — users actually have an incentive to share content around the internet, increase awareness, spread news, and get paid for doing it.
Users are also getting rewards for visiting the content that other users have shared via the same method. That way, websites are receiving more traffic, and the information flow keeps growing. The coin has already been listed in several exchanges, including SIMEX, IDEX, EtherDelta, and it is also available in Trust Wallet.
Sharpay was developed after noticing that only 3% of the world's 1 billion websites are using share buttons. This leaves 97% of the internet only known to those who ran across it randomly or were instructed to uncover it by someone else.
Meanwhile, the social networks are pretty much the only ones profiting from advertisement and usage, while users, websites, and other online entities keep either losing money or remain stagnant. Sharpay aims to change that and make the internet even more connected than it already is.
As mentioned, Sharpay ICO has already ended — it was held about a year ago, with its preICO starting on December 17th, 2017, and ending on February 11th, 2018. Then, the ICO itself followed, from March 1st to May 31st, 2018.
The project's token, known only as S, was designed to act as a utility which would be used for paying people to share content and visit new websites. Its preICO price was $0.00003 ETH, while the price during the ICO was $0.0170.
The coin was developed on Ethereum's network, which makes it an ERC-20 token, with 1.5 billion units being available for sale. The minimal investment was 0.1 ETH, and the project was accepting Ethereum, Bitcoin. Bitcoin Cash, Litecoin, and Dash. It had a soft cap of $3 million, and a hard cap of 45,000 ETH. It managed to sell nearly $6 million worth of coins, which is quite a success, considering that the bear market was already in full swing at the time.
The project is based in Belize, and it had no restrictions — anyone was allowed to participate, provided that they go through KYC and Whitelisting.
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|Start||December 11, 2017|
|End||February 11, 2018|
Is there any chance that this become successful anytime? or I should give up my invest on the ICO as completely lost?
Alex April 11, 2020 Reply
The idea of giving people the incentive to share content is not new, but the project was organized in quite an interesting way. It received excellent ratings, and got quite a decent amount of popularity, considering the timing and the crypto space issues at the time.
Johnie May 4, 2019 Reply
It would have undoubtedly been even more successful if it held its token sale on an exchange such as Binance these days. It has an excellent team, a working product, and generally, not a single obvious bad aspect to it. Unfortunately, its coin currently sits halfway down the list of all cryptos currently listed on CoinMarketCap, at the 972nd position, with the price of $0.000496, and a market cap of $508,325. No doubt, its massive circulating supply of over 1 billion is one of the reasons for this low price, but it also feels like the project is not really receiving the attention it deserves.
Sancho April 27, 2019 Reply