TOP-3 Upcoming ICO 14.01 - 20.01 according to our readers

Let’s check which ICOs from 14th to 20th January are considered the best according to our readers
25 January 2018   1295

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 ICO of this week according to our readers.

1. SelfKey

SelfKey is a Blockchain based digital identity system that allows individuals and companies to truly own, control and manage their digital identity, and instantly access Citizenship and Residency by Investment, Company Incorporation, Fintech Products, Token Sales, Exchanges and much more.

Selfkey team concluded successful ICO with around $21.7M raised. As you can see above, according to official Twitter account, "airdrop" begins soon. Great result, SelfKey team!

2. MachtCoin

Machtcoin, Adrenaline inspired, is a community based and decentralized cryptocurrency built with the latest blockchain technology and creating an eco-system application based on  3 pillars of project that consist of sport, travel & tourism, and trading in one platform.

There is no info on raised funds. But if we look to the Twitter account, ICO looks succesful.

3. Fire Lotto

FireLotto is new Ethereum based lottery. All transactions via smart contract. Fire Lotto can operate as a global blockchain protocol, but can also be offered to governments of specific countries as a solution to challenges to ensuring a fair lottery.

Pre-ICO is still running and raised funds in pending info. But team reports on first JackPot winner! Great start! Cheers to winner and the team!

As you can see, year 2018 for ICO campaigns started really good. Our readers have great “sense” for top ICOs and showed their support for those, that are truly on the top. 

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Swiss Regulators Published ICO Guidelines

The Swiss Financial Market Supervisory Authority FINMA published today initial coin offering (ICO) guidelines  
16 February 2018   156

The guidelines set out how it intends to apply financial market legislation in handling inquiries from ICO organizers. According to it, regulators will oversee and regulate ICOs anti-money laundering laws.

FINMA clarifies how token issuers should proceed in the country. The regulator also stated that there is a sharp increase in the number of Switzerland-based ICOs. This led to questions about applicable regulations.

The press release noted that financial market law and regulation aren’t applicable to all ICOs. Each case must be decided on its individual merits.

The regulations will be based on economic function and purpose of the tokens issued by the ICO organizer. Due to the fact that there is no generally recognized terminology for the classification of tokens in the world,  FINMA categorizes tokens into three types:

  • Payment tokens are synonymous with cryptocurrencies and have no further functions or links to other development projects.

  • Utility tokens are tokens which are intended to provide digital access to an application or service.

  • Asset tokens represent assets such as participation in real physical underlyings, companies, or earnings streams.  

FINMA will handle ICO inquiries according to three different categories, based on the type of tokens they’ll be issuing.

  • Payment ICOs (payment tokens), that issue tokens that are transferable and function as means of payment.

  • Utility ICOs (utility tokens), that will not qualify as securities, as long as their purpose is to confer digital access rights to an application or service. If a utility token functions as an investment in economic terms, it will be treated as a security.

  • Asset ICOs (asset tokens), that issue tokens that will be seen as securities. This means they’ll be treated like equities or bonds. These will be subject to strict requirements.

Our balanced approach to handling ICO projects and inquiries allows legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent with our laws protecting investors and the integrity of the financial system.

Mark Branson

FINMA CEO