The ICO trend is returning and is once again beginning to gain popularity as crypto prices continue to grow. The situation these days is already a lot more optimistic than it was a year ago when the crypto winter was at its strongest. Back then, investors were losing faith in cryptocurrencies, particularly when it came to new coins.
With even Bitcoin suffering massive declines at the time, no one could really blame them. Especially after so many ICOs ended up being scams, organized by those who were looking to get easy money from unsuspecting investors, willing to buy any coin if it might mean that they could get rich quick. However, the era of altcoins ended quickly once the bear market arrived at full swing, and many believed ICOs to be extinct.
While new token sale models, such as STOs and IEOs emerged to replace them, original ICOs still managed to survive, and now — they are returning. Numerous token sales were already held, others are being held right now, and a growing number of them is being scheduled for the future. Spitball ICO is one of them.
Spitball comes as a decentralized Student Economy project, where people from all over the world can participate and exchange knowledge. Further, they can also share content, as well as various items, and get compensated in return. The project uses the fact that the so-called Generation Z is the most likely to accept and start using cryptos in everyday life.
To that extent, the platform offers to deal with digital transactions behind the scenes. Meanwhile, students themselves will receive a customizable wallet, as well as a user-friendly, intuitive on-boarding process. The platform itself is to be powered by its native SBL token, which is scheduled to hold its ICO at some point in the future.
In the end, the platform envisions a next-gen student economy which would be transparent, and allow direct P2P interaction between students from all corners of the globe. This could help those in need to get necessary materials, and further enhance their education. Not only that, but unbanked and underbanked students would get the ability to participate in the global economy, thus improving it and expanding its reach.
Spitball ICO details
Unfortunately, there is not a lot of details regarding this ICO that are known at this time. What is known, however, is that the project is based in the United States and that the coin will be developed on Ethereum's platform.
The token itself, SBL, will be an ERC-20 token that is designed to serve as a utility. To participate, users will have to go through a KYC procedure. Once out, the token will power the project's platform, and it will be used for rewarding network participants.
As mentioned, not a lot is known yet, and even the date of ICO has yet to be released. However, interested investors should certainly keep an eye on the project, as it does have the potential to become big. Naturally, investors should also go through the project's white paper and familiarize themselves with all aspects prior to engaging the upcoming ICO.
|Pre-Ico End date||December 3, 2019|
|Start||June 1, 2019|
|End||August 31, 2019|
Allow me to disagree with the people who criticize the idea of developing a world-wide decentralized student community. That's exactly what students need because the mentioned essay writing services and course-selling websites are just doing it for profits, without having a real understanding of student needs. However, it appears that Spitball won't become a linchpin of the "blockchainized" global student society. Judging from the fact that their official website can't be accessed and the profiles of key team members are also unavailable, it would be safe to assume that Spitball has either took a pause or ceased their operations.
I would fully vouch for the project that offers solutions regarding repayment of student debt, or finding a good job while still in college. That would have been a great project. But trying to sell the idea of student economy, where they just exchange some notes and share their experiences - it’s just not interesting to anyone. Or they could have offered the essay writing services, which student bought for tokens. Here are some good ideas off the top of my head, but Spitball chose to offer the lamest one.
The idea proposed by Spitball is beyond trivial. There are so many similar platforms on the Internet, that do not force the users to go through the trouble of obtaining tokens. Perhaps Spitball would have made a decent local project, for instance, at the level of one or several state universities, but an attempt to make it a global blockchain project is doomed to fail. Especially given that these guys have apparently given up on it since I can’t access the official website, while the social media activity from Spitball is virtually non-existent.
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