Initial Coin Offering - shortly known as ICO is often used by startups to bypass "over the top" regulated infrastructure and bank proceedings in order to raise funding. ICO helps raise funds in an unregulated way where investors invest cryptocurrency with a faith of future returns in the project.
Related Links: Latest ICOs
Shivom is a precision medical and genomic company that will allow people to upload their genomic sequence, receive rewards for sharing this information.
Edenchain is a programmable economy platform for capitalizing and trading various assets using blockchain Smart Contracts to create tokens of these assets.
People who are in the system will know exactly when a delivery is made and the payment will go through only if conditions of the delivery are met.
LikeCoin is a cryptocurrency designed to reward people for their creative accomplishments that are shared in a public domain.
The US SEC and the Justice Department named Raymond Trapani, another co-founder of Centra Tech as the “Mastermind” behind the entire fraud.
South Korea based Bithumb has announced plans to launch their own cryptocurrency token, the Bithumb Coin. The Bithumb Coin ICO will take place in Singapore.
In an attempt to raise awareness around exit scams and how unsafe investing in ICOs can be, a German ICO disappeared with $50 Million - but returned shortly.
Bermuda is one the fewer countries who intend to welcome Initial Coin Offerings (ICO)and takes courageous steps in regulating it in the state.
A major ICO-scam in Vietnam resulted in $660 Million in investor money being conned away by Pincoin and iFan tokens. All seven members involved in the scandal have absconded the nation.
Around 32,000 Vietnamese investors helped the ICO raise 15 trillion - $660 million. Both the companies later emerged as scams.
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