Let's be frank, the majority of startups that emerge in the crypto space today are just dabbling with this technology without offering something truly substantial. Soraix is a prime example of such a project as they go at length about the features of their exchange platform, but in reality, these guys have nothing to show for. $160 raised with only two weeks of ICO time left shows how even a Switzerland-based project could fail miserably.
By looking at how regulators across the world, especially in the United States, have toughened their stance on cryptocurrencies, I think that it would be wise to refrain from investing in projects like Soraix mainly because it could become a collateral victim of a feud between Libra, US Senate, global regulators, SEC, and Telegram Open Network. The crypto is entering a very difficult stage where there would be a need for a compromise between the major blockchain projects and the officials. Something tells me that it won't be in favor of the former, which means that projects like Soraix would also suffer.
I think that Soraix is pretty much done with, judging from the "magnificent" results that they got during the current round of token sale. Even with a promise of a 10% bonus, Soraix managed to raise the pathetic $134. Well, at least they had the decency to let people know of such an achievement. Apparently, even those who boast about being based in Switzerland, and whatnot, are susceptible to failure.
While the overall construct of equity token trading, presented by Soraix, possesses some appeal, I would like to place an emphasis on the lack of technical details about the functionality of the trading platform. For instance, I would like to know the specifics concerning the design of the order matching mechanism, the possibility of introducing the HFT feats, and so on. Waiting for the updated version of Soraix whitepaper.
We list the most relevant upcoming crypto market ICOs
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Soraix: The Equity Token Exchange Soraix is a Swiss blockchain startup domiciled in Zug, Switzerland, that is in the process of development of an exchange platform where users can trade equity tokens which are backed by digital shares issued by the participating companies. The project is about ...
| ICO | Start | End | |
|---|---|---|---|
| 1 | Ledder | Aug 01 | Dec 31 |
| 2 | BitWings | Jun 03 | Nov 30 |
| 3 | Pbet | Jun 18 | Dec 15 |
| 4 | UCBI Banking | Oct 18 | Jan 18 |
| 5 | Cinemadrom | Feb 03 | Apr 30 |
| 6 | Yachtco | Aug 04 | Feb 04 |
| 7 | GOVEARN | Jun 23 | Dec 31 |
| 8 | BrandProtect | Apr 27 | May 31 |
| 9 | PointPay | Jul 22 | Jul 22 |
| 10 | WINBIX | Jul 01 | Sep 28 |
| Currency | Price, USD | 24h | |
|---|---|---|---|
| 1 | Bitcoin | 8 693.868 | 1.83% |
| 2 | Ethereum | 187.532 | 2.31% |
| 3 | XRP | 0.269 | 2.14% |
| 4 | Bitcoin Cash | 273.527 | 2.38% |
| 5 | Tether | 1.016 | 0.96% |
| 6 | Litecoin | 60.551 | 3.62% |
| 7 | EOS | 3.468 | 2.37% |
| 8 | Binance Coin | 20.425 | 0.84% |
| 9 | Bitcoin SV | 126.108 | 1.86% |
| 10 | Stellar | 0.073 | 1.32% |
