TOP-3 Upcoming ICO 28.01 - 3.02 according to our readers

Let’s check which upcoming ICOs from 28th January to 3rd February are considered the best according to our readers
05 February 2018   418

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. Budbo

Budbo, Inc., is creating a Global Cannabis Blockchain built to drive efficiency, transparency, and data-driven analytics into this nascent industry. Budbo will be the first of its kind, fully integrated blockchain based solution that serves as the backbone for cannabis legalization, medical research, and the cannabis ecosystem as a whole. Utilizing the GPS technology to track cannabis movements from seed to sale, the blockchain allows Budbo as a company and industry to track the entire journey from grower to consumer. Collecting a network of verified and immutable data available to the public will also standardize and regulate interactions between cannabis users, dispensaries, medical research facilities, and state & federal governments. The token being a true utility token will act as the api key to send and receive global cannabis data and valuable insight into the processes in all sectors of the cannabis industry. The global cannabis blockchain solution will help aid in transparency, compliance and regulation for local and federal governments, helping push forward the legalization movement.

Budbo
Budbo

Tier 2 of Budbo's crowdsale ends in less than a week. Presale and Tier 1 ended successfully, 35M BUBOs sold out. Over 11M BUBOs of Tier 2 are sold at the moment of press. Looks like Budbo will end its ICO with a success!

2. CREDITS

CREDITS platform offers new and unique technical implementation of blockchain technology, smart contracts, data protocol and has its own internal cryptocurrency. It is a platform with completely new technical network capabilities, speed, cost of transactions and total number of operations per second. It is an open platform which means that users and companies can create online services that implement the blockchain protocol. We offer a new product for users. We designed new features by creating new algorithm to search for a consensus; a new scheme registry; an algorithm for processing and maintaining transation - based solutions for finite state machines based on the model of Federal voting nodes. The CREDITS platform offers a solution to low speeds and high transaction costs. It expands the the potential blockchain technology has for the financial industry and the Internet of Things.

Credits raised 3,002,165 USD at the presale, that ended on 26th of December. The ICO will last from 15th Feb 2018 to 28th Feb 2018. As you can see in the Tweet above, Credits team is active, and CEO will visite the Block Dehli event. We wish team good luck!

3. WePower

WePower is launching blockchain and smart contracts powered green energy trading platform where everyone can buy, trade or invest in tokenised green energy.

WePower ICO successfully finished! 22,933 people contributed $40m USD! That's great! Now it's time for the team to develop what they designed! Good luck, WePower!

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

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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   133

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