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Ten Tokens to Watch – September

This article is not financial advice, and buyers of these tokens do so at their own risk.

TOP 5 UPCOMING ICOs

TIMEBOX

Timebox is providing services to secure your digital assets safely, not by using digital wallets, but by using digital safety boxes. The digital assets can be saved for an infinite period of time without the vulnerability of hacks and permanent losses. Numerous content types can be stored in these boxes, which includes text, audio, video, photo, wills, and cryptocurrencies. The company has taken appropriate measures in their identity management regarding verification as well as privacy. Given, any kind of data can be valuable, Timebox provides safe ‘time capsules’, which can be operated using Smart Contracts on Ethereum’s Blockchain. The term ‘time capsules’ refers to the user’s ability to set timed execution of a smart contract, which can include transferring of an asset or other desired actions. TB Coin, the cryptocurrency of Timebox, will be used within the network for usage fees, set-up fees, and further rewards. The company has planned to release 200 million TB Coins in total, out of which 100 million will be distributed at the time of token sales. The team is based in Taiwan and have restricted funding participation only in USA. The soft-cap is set at $4m, with a hard-cap at $20m. The list of Timebox partners inclde Zagama, Cloudmax, Blocklancer and Bitrewards. The Pre-ICO stage has ended and the company is currently in its crowd sale period. The project has been received very well by the market due to the services it offers.

KEPLER TECHNOLOGIES

Kepler Technologies is building an international platform for the development and production of AI and Robotics. The platform will be a network to bring together who want to produce innovation related to these two technologies and the investors who are seeking such projects to invest in. This clearly indicates the company’s plans to develop a decentralised wealth distribution system to shape the future of robotics and mankind. The management intends to keep the ecosystem transparent, accountable, and progressive. The company’s choice of choosing robotics and AI as the primary technologies to push innovation is a great move since the entire planet has realised the potential with which they can disrupt the industries. Automation is an essential part of the future and Kepler Technologies, with the help of blockchain, will push digital automation in its ecosystem. The project will be developed on Ethereum’s blockchain and the KEP token circulating in the network will be an ERC-20 token. The token is the driver of all the funding, transacting, and voting in the blockchain network. The company has set the soft cap at $5m and the hard cap at $25m. The team is based in Georgia and is very sound with ample experience to accomplish a project like Kepler Tech.

BUDDY

Buddy is a development automation platform with a functioning product in hand. It is already partnered with Amazon, Github, Microsoft, Docker, and Google with a strong base of 7000 developers spread across more than 120 countries. The companies already using Buddy include INC., CGI, Docplanner, Baremetrics, and many more. Buddy has introduced development environments called dappos as a solution for bootstrapping blockchain-based projects. The project is functioning well and the reviews on various internet services regarding its services have been positive. Buddy will have a BUD token circulating in its ecosystem to tokenise this development automation industry. BUD is an ERC-20 token which will be used for utility, a medium of transaction, execution of governance, and security to the participants. In short, the token will be utilised by the developers, the users, and the network experts who are responsible for code audits and certifications. The company will be raising at least 8,000 ETH in their soft cap and 60,000 ETH as their hard cap. The total tokens in supply will be 670 million while 300-470 million will only be released during the sale. 60 percent of the tokens are being released for the contributors because of the requirement of dynamic circulation of tokens in the system. The project itself and partnerships have surmounted a phenomenal social media presence. The project is rated excellently on almost all the ICO rating websites and the investors have also realised its potential.

HUMANCOIN

Humancoin, with a concept of mining called Proof of charity, will be building a network of philanthropists and charity funds in a single P2P platform. Lack of trust is one of the major problems in the charity industry and hence, the most important qualities of this project is building convenience, transparency, traceability, and security for the contributors. Humancoin wants to make the payment system simplified with donators being able to track their donations and its usage throughout. The platform will also be deploying automated intellectual contracts to keep the promises of the qualities they have done doable. With these plans, Humancoin also aims to become a global loyalty programs aggregator by using Humancoins in its ecosystem. These tokens will be convertible to other entities like points, bonuses, miles, or coupons. These loyalty programs can help Humancoin superimpose its emotional wavelength with its partners. The platform also allows voting and a ranking system to measure projects and philanthropists to help them get reviewed and evaluated. The project has managed to get a decent following on social media with its motto of ‘token of kindness’, with around 10k followers on Telegram and Twitter. The Humancoin Foundation will integrate the charity, the cryptocurrency, and the e-commerce project together as a single project. The soft cap of the project is $6m, whereas the hard cap is $26m. The team is from the United Kingdom with aims to cover the entire planet, bringing contributors to their platform from around the world.

ODX

Open Data Exchange (ODX) aims to provide free internet access to all emerging markets in the world. Founder Nix Nolleredo, who also founded Xurpas, one of the largest tech companies in the Philippines, realised the speed at which smartphone presence was increasing in the markets with the decrease in unit prices. He envisioned providing the second most important thing to a smartphone after its battery, which is internet. This project will be targeting all emerging countries of the world, however, focusing predominantly on regions like South Asia, Africa, Latin America, and the MiddleEast. ODX will be making the use of blockchain by decentralising the internet and helping their users around the world build websites and apps on their platform to grow their businesses. This means that the blockchain will have 3 noteworthy components – B2B, B2C, and a smart contract system. The team has tremendous experience in the telecommunication and development space but lacks a little on the blockchain side. However, being a subsidiary of a large tech company, ODX will not face this problem during its progress. ODX has remarkable backing from the top blockchain institutions, like DNA Fund, Pantera Capital, and Israel’s Hexa Labs. The expanse of such a project, if truly successful, can be colossal and hence, the company has already raised $60m in its private sale. The target to raise capital for their ICO is set at $100m. The implementation of such a project has generated scepticism in the market regarding its plausibility, but the team is confident to pull off its vision and help the emerging markets with their internet needs.

TOP 5 TRADING CRYPTOS

AETERNITY

Platforms for Dapps have fought to be successful in this competitive market and Aeternity has left many such companies behind and succeeded. With such competitiveness, platforms need to have unique features in their platform to compete for better services than similar giants like Ethereum and Neo. Aeternity provides the unique feature of increasing the scalability by taking the smart contracts offchain. The smart contracts will be running on a private state channel network between the parties involved in the contracts.

Few risks attached to this project include the threats from regulations, use of multi-party channels, security, and naiveness of the technology. But with the scalability and hybrid consensus models it uses, the benefits outweigh the risks. Aeternity was founded by Yanislav Malahov, who is said to be one of the early minds in the cryptocurrency space. He gathered a team of very experienced individuals and has brought this project to where it is today. Aeternity had a successful ICO in 2017 and has shown tremendous progress since then. It is available to be traded on all the major exchanges now. Trading volumes have been low since January, however, this is due to the market’s plunge and not something for which the project is responsible. In the 3rd quarter of 2017, the price of AE was about $0.55 and then $5 in May of 2018, which is an gain of 800 percent. The prices faced a downward trend after this peak, but the community is still hopeful to see a great ROI in the future.

NANO

Nano, formerly called RaiBlocks, wants to overcome all the shortcomings of top cryptocurrencies like Bitcoin and Ethereum. Nano also uses DAG (Directed Acyclic Graph) like IOTA, but with its own novel technique called a block lattice. Each Nano user will get their own blockchain called an ‘accountchain’, which they can modify according to their requirements. This means the blocks in their part of the blockchain can be ‘updated’ by the users themselves only after verifying the match in the sender’s and the receiver’s amount.

The blocks are not added, they are updated or replaced by a new block with a DPOS model of consensus. This structure helps Nano to achieve latency, scalability, energy-efficiency, and a lack of fees. Other plans in Nano’s roadmap include pruning of its chain, development of light wallets, enhancing the block explorers, and helping the unbanked population around the globe. The company was launched in 2015 by Colin LeMahieu as a low-latency platform to execute P2P transactions. XRB tokens, the cryptocurrency of Nano, was first distributed in October 2017. 90 percent of Nano’s trading activity is observed to be on Binance and 80 percent out of this in BTC/XRB pair. The company also released its wallet, functional on mobile, desktops, and as hardware. If the company keeps to its roadmap path, there may be a day when people will be buying their frappuccinos using Nano wallets and tokens.

GOLEM

Golem is seen as a decentralised world supercomputer to allow people to earn money by doing nothing, and combining computing power. It was founded in Poland by Julian Zawistowski, and the team released its first alpha product called Brass in 2016. If you are a contributor in Golem’s ecosystem, you can lend spare space and computer power to the network to help handle complex computations and tasks. Its initial use case can be seen with giant media and animation companies like Pixar which has 2000 computers set up worldwide to render the frames of their movies. Companies like Amazon and IBM buy thousands of computers to sell the computational power at high price premiums. Golem aims to acquire this market with a decentralised and more pricefriendly environment. Adding to this network, developers can also build dapps on this platform, which will also increase the usage of its GNT tokens. This token will act as any medium of transaction or reward in the network. Currently, 1 billion GNT tokens are in circulation, out of which 82 percent are distributed to the crowd funders, and only 6 percent among the team. The GNT token started its journey from $0.01, rose to $0.68 and fell back to $0.20 during the crash. The team has a few partnerships in hand but nothing significant. This project’s USP is its concept and its market. With more exploration of use cases, growth in its network, improved marketing strategies, and better partnerships, Golem has the potential to reach heights which they have claimed to reach in their vision and whitepaper.

DIGIBYTE

DigiByte is a rapidly growing public blockchain, which can protect digital information such as data, currency, assets, or other kinds of information. It’s been used by shopkeepers in the Netherlands to pay companies in Hong Kong since 2015.

Jared Tate, tired of Bitcoin’s shortcomings related to speed, founded DigiByte in 2013. The company didn’t gain much popularity back then compared to its competitors. The scenario and its adaptations changed in favor of DigiByte in later years. It was the first company to implement a segwit and has had 5 hard forks since then. This made DigiByte a faster and a more decentralised system. It has a dedicated community with 100,000 nodes spread across the planet. DigiByte can add blocks in just 15 seconds, as compared to 10 minutes in Bitcoin. DigiByte also wants to keep its blockchain flexible to incorporate changes occurring in the market, to keep it usable for all sectors of the economy. DigiByte’s token has similar roles assigned in the network as they generally have been usually in other cryptocurrency ecosystems, which are serving as a medium of transaction, rewards, fees, and encouraging developers to set up their businesses. The company will mine 21 billion tokens in the course of 21 years and has already mined 8.1 billion so far. Their first milestone is to reach 2000 txs/second mark set by Visa. The token has shown turbulent trends since its inception. The prospects remain optimistic as the team is advancing with its DigiByte Foundation, DigiByte gaming, technological developments, partnerships, and community developments. Digibyte can be a cryptocurrency to keep an eye on the longer term, if the steps of the mentioned advancements are taken in the right direction.

DECRED

Decred is a self-funded, community-based and open blockchain platform, which is similar to other competitors like Ethereum and NEO. The company was founded by a few Bitcoin core developers who set out to develop a currency which can never be hijacked or dominated by a few centralised authorities. The environment in Decred is very democratic, as they treat every community member or team member equally.

This is one of the main reasons the community has grown to where it is today. It uses a combination of PoW and PoS in its consensus mechanisms. 60 percent of the mined coins go to the mining community, 30 percent to the staked community, and 10 percent to the developer community. DCR is the cryptocurrency of Decred’s network, with a maximum supply of 21 million. The token is mineable and is focused on ensuring decentralisation and security in the platform. The company has a well-organised future, with plans to implement the majority of the new innovations happening on the blockchain. These innovations include the development of a stakeholder controlled DAO, decentralised control of development funds, implementation of the lightning network, and enhancements in governance and privacy. Decred wants to be an example in the market, making these innovations implementable. The project is working in the right direction and the progress will inevitably be seen in the coming future. The team seems to be focused on their tasks and have proven to produce magnificent returns when the mentioned plans come to life.

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For more tokens to watch, check out last’s months Ten Tokens to Watch – July / August.

DISCLAIMER: THE ABOVE REFERENCES AN OPINION, AND IS FOR INFORMATION PURPOSES ONLY. IT IS NOT INTENDED TO BE INVESTMENT ADVICE.

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