Smilo - ICO Review

Ever since the attention shifted from cryptocurrencies towards the blockchain technology, researchers and developers were trying to find ways to make it better, more efficient, more transparent, and cheaper to use. Blockchains still have a number of issues, especially some older ones, with Bitcoin at the very top.

While some have scalability troubles, which leads to high costs and slow speeds, others face different kinds of issues, but there is still no one single perfect solutions. Of course, there are some projects that have managed to create or upgrade their blockchains and even reach some game-changing breakthroughs.

However, the development and evolution of blockchain still continue, and it is likely that this technology will keep seeing improvement for years, if not decades to come. New blockchain-focused projects are emerging all the time, with new, innovative solutions, features, and aspects. One such project is Smilo.

About Smilo


Smilo is a blockchain project that has created a rather unique solution — a full-featured hybrid blockchain platform that can offer hybrid transactions, dApps, and smart contracts. In this context, the word 'hybrid' refers to its ability to combine private and public. In other words, Smilo can safeguard the privacy of data and still be transparent.

As such, it might be the ultimate current blockchain solution, which is why the project managed to attract quite a bit of attention. It can be useful for privacy-seeking individuals, but also for businesses and institutions.

It is based on the unique consensus protocol which its team developed. The protocol is known as Smilo BFT+, and it is combined the SNP (Smilo Network Protocol). It brings fast, scalable, secure, and sustainable transactions, which are in high demand these days. The project achieved what many considered impossible, and as such — it can be a single blockchain that will see to everyone's needs.

It can be used in numerous situations where it is necessary to have a single network highly secured, and still available to large numbers of people. This includes use cases such as donations, elections, medical records, public tender, and more.

Smilo ICO details


Smilo is a project that already had its token sale, with its preICO being held from September 7th, 2018 to March 28th, 2019. The ICO itself took place from April 20th to May 10th of this year. The token itself, known as Smilo, is a utility token that was developed on Ethereum's platform. As such, it is an ERC-20 token, which was sold at $0.25 per 1 Smilo.

The token supply contains 200 million units in total, with 84,960.000 being offered for sale. Participants were able to obtain in exchange form ETH. The project had a soft cap of $2.5 million, and a hard cap of $18 million, and it was based in the Netherlands. It had three restricted areas, including Singapore, China, and the US. Everyone else was allowed to participate, provided that they went through KYC and Whitelist procedures.

The project's overall rating was more than decent, which indicates that the investors have faith in it, and are interested in its product. However, it still remains to be seen how the project is going to perform in the future.

Author: Ali Raza for Crypto-Rating.com

ICOs that might interest you

We list the most relevant upcoming crypto market ICOs from the industry leaders


BitWings
BitWings

The emerging blockchain technology is slowly but surely infiltrating almost every industry there is. With innovative and improved solutions for all kinds of problems, this technology interests even those who are highly skeptical of cryptocurrencies.

0 days left

StableDEX
StableDEX

StableDex is one of the first decentralized platforms, among the existing cryptocurrency exchanges, that focuses its operations on providing the services of peer-to-peer conversion of stablecoins in order to mitigate the volatility risks inherent to conventional cryptocurrencies, thus raise the appeal of the crypto space for the hesitant investors.

0 days left

VOLUM
VOLUM

VOLUM is a holding company that offers a multifunctional blockchain-enabled B2B solution applicable across numerous industries, with a special emphasis being placed on the companies that experience issues related to logistics and supply chain management...

0 days left

Zeux
Zeux

Token sales are once again becoming increasingly popular, which started with the crypto price recovery earlier this year. The popular model, ICO, was believed to be extinct back in 2018, when the crypto winter made investors increasingly suspicious and unwilling to fund new tokens and coins.

7 days left

Smilo
StartJune 1, 2019
EndJuly 31, 2019
Expired

I understand why guys from Smilo are trying to present their solution as something of a unique nature - all for the sake of marketing and stuff - but virtually everyone understands that hybridization represents an inevitable stage of blockchain evolution. So, Smilo is moving in the right direction in this regard. I’d have to find more time to study their tech specifications, but even now I can say that Smilo has what it takes to compete with other similar projects.

Jane   July 24, 2019  


We get the fact that the product offered by Smilo is somewhat unique, but, seriously, there is absolutely no need to spam the whitepaper with the word “hybrid”. The first two dozen times on a couple of pages would have been enough. Apart from that, the blockchain solution provided by Smilo is interesting from the technical standpoint. But the question remains whether end-customers, like the medical institutions and insurance companies, would be willing to adopt it.

Troy   July 6, 2019  


I have met Elkan Roelen, who’s the founder of Smilo, in person at one of the tech events in New York. I was beyond impressed with how deep of an insight he has on network security and blockchain. If this team had incorporated all of this knowledge into the platform, I would say that I can fully vouch for this project. After getting myself acquainted with the technical aspects of Smilo, I can say that I am quite excited about BFT+ and the Network Protocol, especially since it is applicable to medical records because I happen to work in this field.

Gwyneth   June 26, 2019  


Add/Read Reviews

Top ICOs

ICOs Rating Days left
1 DogData 5 31
2 2local 5 62
3 SerenitySource 5 91
4 Geco.one 5 92
5 Tycoon 5 92
6 Pawtocol 4.9 63
7 Curate 4.9 84
8 Ledder 4.9 92
9 IdeaFex 4.9 625
10 BitWings 4.8 0
11 2GETHER 4.8 92
12 DIPChain 4.8 273
13 Tixl 4.8 273
14 Mindsync 4.7 273
15 PointPay 4.7 295

ICOs rating