Top-3 Ongoing ICO 6.05 - 12.05 According to Our Readers

Let’s check which ongoing ICOs from 6th to 12th of May are considered the best according to our readers
14 May 2018   798

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three ongoing ICO according to our readers.

1. Enlte

Enlte is a decentralized blockchain based system to solve any kind of issues and problems without going through a centralized government or an organization by rewarding users to spread awareness and help each other. It aims to empower individuals by giving them the power to rate any experience using their original identities or rating anonymously and then broadcasting it to their nearby network by sending real-time updates and geo-stamping it along with geofencing the experience.

EnltEnlte ICO

At the moment of press, Enlte sold 297746399 coins. ICO ends in 18 days.

2. Goldma

Goldchip Investments, a gold mining and mineral processing corporation, introduces GMA (Goldchip Mining Asset) a new cryptocurrency backed by the profits of its operational gold mine and based on the Waves blockchain platform. GMA provides investors all over the globe the opportunity to invest in the gold mining sector. By acquiring GMA tokens, the holder is entitled to 5% net profit royalties from its Gold mining production in Zimbabwe, which is represented by GMA tokens.

goldma icoGoldma ICO

Goldma raised $509,798 and sale is still ongoing.

3. Root Blockchain

Root Blockchain employs a unique mechanism to increase the speed of transaction confirmation on the blockchain, while at the same time keeping the costs low. Only digital fingerprints of the actual transaction data are stored in the blockchain. Storage of the actual data itself is optional. If data storage is opted for, Root Blockchain provides a separate secure digital vault for encrypted data storage. The entire Root Blockchain offering is wrapped in an API layer which ensure that businesses can easily be up and running in a minimal timeframe.

Root BlockchainRoot Blockchain ICO

Root Blockchain ICO phase 3 started on May 1st and ends in 17 days. The price of token is $0.03.

We will keep our eyes on these projects. Stay tuned and check the latest Top Ongoing ICO article for more interesting campaigns!

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3 ICOs of Extrabit banned by Alabama Securities Watchdog

Alabama Securities Commission (ASC) has ordered alleged cryptocurrency mining firm Extrabit to stop its token sale offering in the state
25 May 2018   97

The U.S. state's securities regulator, the Alabama Securities Commission (ASC), has supported its colleagues in Texas and New Jersey in hitting out at ICOs that are soliciting local citizens. The cease-and-desist order which was published yesterday  claimed that the agency has ordered purported cryptocurrency mining firm Extrabit to cease its token sale offering in the state.

The ASC declared the company has been illegally begging Alabama investors with what it considers an unregistered securities offering after it announced its token sale on the website of WSFA, an NBC-affiliated TV station recognized in the state capital, Montgomery. While presently the online advertisement appears to have been taken down, the agency said in the order that the firm originally claimed that investors in the pre-ICO phase could buy Extrabit's token "EXB" at half price.

The advertisement claimed that in order to take part in the pre-sale, the user should invest $20,000 and after the purchase, the tokens will be sent to MyEtherWallet within 48 hours. Then, Extrabit's white paper states that, since the firm generates its profits chiefly from mining bitcoin, zcash and monero, it pledges a 185 percent return on investment every quarter for investors who maintain a positive balance in their EXB wallet.

As well as offering unbooked securities, the ASC said the project made "materially misleading" suggestions to deceive investors. Extrabit is not the only token project that is targeting residents in Alabama. A Google search for "token sale" on the WSFA website currently comes up with over 200 press release-style ads from various ICO projects. 

The ASC has also checked two other token sale projects, called LEV and Platinum, with cease-and-desist orders entered on May 2 and May 18. Like with Extrabit, the agency charged the two projects of selling unregistered securities in Alabama while making vaporous promises to potential investors over the likely returns on investment.