TOP-3 Upcoming ICO 13.05 - 19.05 according to our readers

Let’s check which ICOs from 13th to 19th May are considered the best according to our readers
14 May 2018   209

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 upcoming ICO according to our readers.

1. AMO

AMO is a blockchain project designed to create and operate the AMO Market, a market where car data can be shared and exchanged. Placing control back into the hands of data producers, AMO allows users to turn them into public assets that help create better products, services and experiences. Market participants are all users related to automobiles be it automobile users, automobile manufacturers, or automotive service providers. The AMO Market consists of the AMO Blockchain and the AMO Platform which supports it. Participants have both data giving and consuming roles, and the car data produced while using the car can be traded in to be processed. The value of the data is determined by the supply and demand within the AMO platform, and is paid out with the AMO coin.

AMO FoundationAMO Foundation

AMO Foundation Initial Coin Offering should have started on May 14, but the start date of Pre-sale was postponted until May 28. However, most of our readers voted for this upcoming ICO choosing it as the best one, and we wish AMO team good luck in starting their ICO campaign.

2. TrustedCars FLEX

With TrustedCars FLEX paperless end-to-end solution you can choose any car you want from the available inventory of participating car dealers, sign for it in the app and you are ready to go. Drive the car as long as you want and return it or swap for another car anytime. With no fixed costs or long-term contracts but for a low weekly payment including all expenses. TrustedCars FLEX has designed a solution that offers consumers an affordable, all-inclusive and commitment-free way to have a car and at the same time offering dealerships an additional source of income and access to a new generation of consumers.

TrustedCars FLEXTrustedCars FLEX

The team at TrustedCars FLEX has also decided to postpone Pre-sale of tokens and start it on May 23 instead of previously planned May 14. The users who take part in Pre-sale of the project will get a 50% bonus, so we recommend everyone visit TrustedCars FLEX website and register for token sale while there is still time to do that.

3. SQUEEZER

Squeezer is a platform that helps software developers build apps easily without tackling the entire blockchain infrastructure. It is also a powerful tool for providing high-quality blockchain software components to large enterprise organizations. Squeezer uses world-class microservices platforms, such as AWS Lambda, Google Functions, and Azure Functions. Squeezer apps are powered by microservices, which means that the auto-scalability feature is enabled by default. Microservices also support auto-healing and allow for silent cloud deployments. The Squeezer Platform will compile and deploy apps in multiple stages directly from GitHub or other code repositories.

SqueezerSqueezer

Squeezer has successfully reached its Pre-sale target of 11,250,000 SQR, and will start its main Token Sale on June 1 aiming to rise 63,750,000 SQR.

We will keep an eye on those campaigns and we hope that the above mentioned projects will be successful. We are really grateful to our readers for sharing their opinion. Please, check the new Top Upcoming ICO and take part in a new poll!

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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.