It has been more than a year since ICOs became really popular, and we saw a rush of new projects being launched by fintech businesses. While a number of these projects failed and received bad press, there have also been projects that made good on their promises.
Investors for these successful projects can be proud of their sound investment decisions and hope to see steady gains in the future.
We cover some of the more successfully projects that launched their ICOs last year and have been doing relatively well since then.
This project had a relatively rough start, mainly due to problems with the Ethereum network, which broke down due to heave traffic. The promoters also had problems explaining their project because the ideas were completely new and difficult to understand.
Soon after its ICO, which raised more than $144 million, the project was challenged by a leading researcher in the crypto world who called it flawed.
The company chose to publish a long response that answered most of the criticisms in a graceful manner. Still, many people were not impressed and remained skeptical.
The project is finally beginning to deliver results. Bancor is the number one decentralized solution for token conversions based on volume, surpassing EtherDelta and IDEX.
Bancor developers created a smart token that aims to reduce the challenges of an inherently risky, centralized exchange while allowing the functionality of smart contracts that can be executed with ease. The platform is currently processing $10 million worth of transactions daily and starting to support an increasing number of tokens.
This company had a new concept with their Brave browser. They launched the Basic Attention Token (BAT) that allowed users to pay micro-fees in BAT to their frequently visited sites with content that they liked.
The token was launched back in 2017 and the developers were able to raise more than $36 million through the ICO.
The company offers two main benefits to user. First, it allows users to use the ad-free browser which offers complete privacy and anonymity online. As the browser completely hides the IP address and personal details of the user, ads targeting the user based on preferences or location do not load.
The second major benefit of the browser is that it is incredibly fast with loading speed comparable to Chrome.
Brave’s CEO Brendon Eich is credited as the cofounder of Mozilla and a member of the team which invented Java Script.
Currently, the company is looking to increase their browser adoption by creating better customer experience. In the next stage, the business intends to pay customers for watching ads based on the criteria that they set. This economic model is intended to generate revenue for the business.
The company intended to launch a decentralized prediction marketplace back in 2017, an idea that resonated with a lot of people. The company was valued at over $300 million at one point and 5% of the project tokens sold for $12 million. The token’s valuation even hit $1 billion at one point.
The prediction model was meant to discourage the speculation that has defined ICOs in the market. The project is still in development and currently in beta phase. It made correct predictions for a number of tests and developers are happy with the progress so far.