While the established cryptocurrency markets shoot higher to kick off the year, many people forget that there are dozens of new projects and coins that hit the markets each month. January 2018 is no different, and there are a number of opportunities for those willing to accept the higher risk that comes with ICOs.
It can be very difficult to track down information on upcoming coin offerings, so here are 4 potential opportunities that will be going on sale in January 2018. Each fills a specific need, and some come with a built in user base. In each case the companies behind these projects are leveraging blockchain technology to improve on existing services and products, which should give them a competitive advantage going forward.
INSUREPAL
ICO Period: January 16, 2018 – February 5, 2018
• Coin Ticker: IPL
• Coin Price: USD$0.1 per unit
• ICO Goal: USD$18 million
• Tokens released: 300 million
• Token’s offered on ICO: 67%
Note: pre-sale is closed, but you still have time to register for the main sale.
Insurepal plans on using social proof endorsements to issue decentralized insurance products with lower costs than traditional insurance products. The method for lowering the insurance cost is through a peer-to-peer, self-regulated trust system. This will allow users of the system to lower their insurance costs by getting endorsements from family, friends and colleagues. The endorser will receive a reward for the endorsement from Insurepal, but will be liable for a penalty if the endorsee files an at-fault claim. This means that each users credit rating is in fact evaluated and determined by the users’ social circle.
Why I like it
Insurepal has a strong team and solid business concept, but in addition to that it is offering a system that provides financial rewards for everyone involved, and includes a social component between the insured and endorsers. This dynamic gives Insurepal the potential to have its user acquisition become viral as existing users attempt to recruit others to the platform to lower their own insurance costs.
INK PROTOCOL
ICO Period: January 22, 2018 – February 28, 2018
• Coin Ticker: XNK
• Coin Price: USD$0.1 per unit
• ICO Goal: USD$15 million
• Tokens Released: 500 million
• Token’s offered on ICO: 30%
• Limitations: Barred to USA, China and Canada residents
Ink Protocol is developing a decentralized peer-to-peer marketplace that will not only ease transactions between buyers and sellers, but will also incorporate a reputation feature in the blockchain. The reputation is fully transparent and can be viewed by anyone at anytime. The Ink Protocol will allow for marketplaces to be created for any number of product sectors, and the user reputation will follow along to all of the marketplaces.
Why I like it
Many different projects are incorporating reputation into the blockchain in some form (think Steemit), but Ink Protocol stands out because it actually has a leg up on competitors in its space. You see, the Ink Protocol was developed by an existing peer-to-peer marketplace called Listia. Listia has been in operation for over 8 years and boasts a user base of 10 million active users. In addition, they have already raised $11 million in venture capital and once the ICO ends all of the capital in the Listia marketplace will be converted to XNK coins. This will give Ink Protocol a base of 10 million users right from day 1. They also have strong partnerships with ConsenSys and Quantstamp, making the potential even greater for gains from day 1 depending on exchange listings.
DADI
ICO Period: January 29, 2018 – February 28, 2018
• Coin Ticker: DADI
• ICO Price: USD$0.50 USD
• Fundraising Goal: USD$27.5 million
• Tokens released: 100,000,000
• Token’s offered on ICO: 50%
Pre-sale whitelist is closed, but you can still register for the main sale.
DADI is an acronym for Decentralised Architecture for a Democratic Internet. The DADI project is engaged in the development of decentralized global cloud services, similar to what you might find with Amazon Web Services, Google Cloud or Microsoft’s Azure cloud service. The main difference of course is in the decentralization, which removes the need for large data centers filled with physical storage hardware. Instead it uses a fog computer structure comprised of a large number of decentralized devices that connect to support the platform. The end result is that it can cut down of storage and hosting costs for business by as much as 90%.
Why I like it
The DADI ICO has already received a good amount of attention thanks to the development team, which is comprised of 18 members with extensive technology experience. This concept will provide a low-cost alternative to the big three centralized cloud computing services offered by Google, Amazon and Microsoft. While the platform isn’t ready to launch, the technology behind it is almost developed and is already in use by the likes of Virgin and Empire brands. Considering that it is already operational, though not at scale, has backing from major corporations, and provides a low cost alternative to an already high-demand industry it seems everything is in place for success with DADI.
BEE Token
ICO Period: Starts January 31, 2018
• Coin Ticker: BEE
• Coin Price: USD$0.14
• ICO Goal: USD$15,000,000
• Tokens released: 500 million
• Token’s offered on ICO: 30%
• Limitations: Barred to USA, China, Canada and Hong Kong residents
• Whitelist for pre-sale is closed, but you still have time to register for the main sale.
• Not to be confused with BEE Coin with the ticker BCO
The BEE project is planning to be the blockchain version of Airbnb as it is developing a peer-to-peer home-sharing platform called Beenest. The improvement over Airbnb is that it will allow users to deal directly with each other, removing the need for a centralized authority and greatly lowering costs and fees. The project includes three different protocols. One for reputation based on users Ethereum accounts. One for payment, which is a smart contract to which the renter sends the payment and that is then disbursed on check-out day. And finally an arbitration protocol which will reward other BEE users who mediate and resolve disputes.
Why I like it
The Airbnb business model is already proven and the BEE project is simply using the competitive advantage of the blockchain to make a better product. The team already has agreements in place that will ensure the projection of Beenest within the tourism industry, and will also guarantee the functionality of the payment system. One other positive is that the platform will be designed to charge a 3.99% fee for fiat currency payment, a 1% charge for payments in ETH or BTC, and no fee for transactions paid for in BEE. This is a good way to increase demand for the BEE coin and increase its value over time.
There you go, some picks to research among January’s ICOs. Do your research and whitelist as soon as possible so you don’t miss out on these opportunities.
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Disclaimer: I am stating my opinions, not giving you financial advice and if you invest in these projects it is your sole and full responsibility. You are investing at your own risk. Always invest only what you can afford to lose and try to diversify your investments. Finally, do your own homework and learn about the project use case, roadmap and team.
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