13 May 2019
It seems that 2019 is not going to be kind to ICOs, and with what has happened in the last 12 months, many think this isn't such a bad thing. The bans and scams that have plagued the unique form of fundraising in the latter half of 2018 seem to have taken the wind out of the sails of ICOs.
The market has been changing for quite some time, with the first half of 2018 raising three times as much as the second half of 2018. That being said, some ICOs in the last ten months have stood out and gotten the attention of the crowd. That, combined with STOs and IEOs have added an entirely new dimension to the investing side of cryptocurrencies.
A few select companies with great fundamentals, solid brand names, and active userbases have managed to do well in spite of the market, which shows that good ICOs can still be found if you know what to look for and prepare yourself accordingly. Let's take a look at what ICOs have stood out and what you need to look out for to make money from ICOs in 2019.
Telegram is a messaging app much like Whatsapp and Viber. Where it differs though is in its core principles. The app is based on an ethos of privacy and decentralization applied to internet communication. It has held one of the best ICOs of all time where the company managed to raise $850 million during April of last year.
That was not their first offering, but their second and the total money raised sits at close to $1.7 billion. This company is the perfect example of how to leverage users, your brand and a solid business plan that makes sense to stand out from the crowd. It will help when analyzing another, more recent ICO and finding similarities so that your investment is worthwhile.
Chelle Service Capital released a coin that is named, in a fit of creativity, Chelle Coin. That lack of creativity is definitely called for as it shows that the company is confident that its brand will shine through thick and thin. It is backed by North American True Estate (NATE) and is developing a platform for real estate investment on Ethereum.
The pre-launch of their ICO was in Q3 2018 which was not a great time to have a pre-launch, but by the end of the ICO, they had managed to raise a respectable $80.2 million. If anything, this proves that there are still great ICOs that can be found. In this particular case, you have a company that has solid backing by an industry veteran in NATE, with a robust business plan and a team that includes members that will be able to bring their product to market.
Looking at the industry-relevant partners, and the wider industry as a whole is an important aspect of ICOs post-craze. A real estate management platform is a phenomenal use of blockchain technology. It is also in an area that needs shaking up.
If Chelle was looking to step on the toes of an incumbent operator such as Airbnb, then it would be a different story entirely. They are not looking to compete in a market that has been all but cornered; they are looking to add value in a market that has been crying out for a relevant solution.
So while ICOs might have fallen down the pecking order of investment "must-haves" recently, they are not dead. You just need to make sure you are doing proper due diligence and not just going with "gut feeling".
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