Top recent ICO 5th - 11th November

Learn about the most interesting ICOs, which ended on this week: Ripio, Comsa, Emphy, WordCoin and Ice Rock Mining
10 November 2017   972

The idea to presale coins of a cryptocurrency or token of a blockchain project has evolved in a crazy successful instrument to raise funds for the development of a new application. Projects held a successful ICO raise millions of dollars, make partnerships and gain popularity. That’s why it is vital to follow the latest ICO news and trends.

Recent ICO

Here is a close up of the most interesting ICO ended this week. As it always happens in this industry, some of them were more vivid and successful, while the others have failed. To find out more, continue reading.

Ripio

Ripio Credit Network is a global credit network based on cosigned smart contracts and blockchain technology that connects lenders and borrowers located anywhere in the world and on any currency.

Sales period. From Oct 24, 2017 to Nov 7, 2017
Accepted currencies. ETH
Raised. $37M
Website and whitepaper.

COMSA

COMSA is a fundraising platform designed for ICO. The platform is based of the NEM protocol. According to the representatives of the project, this decision is designed to optimize the process of attracting investments in digital currency.

Sales period. From Oct 2, 2017 to Nov 6, 2017
Accepted currencies. ETH
Raised. $95M
Website and whitepaper.

Emphy

EmphyCoin is the unit of account between all users of the Emphy ecosystem. This will provide the crypto currency with practical value, functionality, increase its demand and stable interest of users of the system. The limited release of tokens and a stable demand for them due to the growth of the concluded rental smart contracts open up excellent prospects for the growth of the value of EmphyCoin. The real possibilities to use it will help stabilize the volatility of the course of the crypto currency.

Emphy ICO
Emphy ICO

Sales period. From Oct 7, 2017 to Nov 5, 2017
Accepted currencies. ETH
Raised. 1469 ETH
Website and whitepaper.

Wordcoin

WORD.EXPERT (WE) – a multi-functional platform, enabling users to transact in WORDCOIN, a cryptocurrency supported by the services being provided. Here, users can obtain the interrelated and completed services. Word Expert — International decentralized platform for translation, content writing, SMM and SERM services with payments in WordCoin.

Sales period. From Sep 27, 2017 to Nov 7, 2017
Accepted currencies. ETH
Raised. Pending inforamtion (success)
Website and whitepaper.

Ice Rock Mining

Ice Rock aim to have over 4,600 ASIC rigs in the 1,200 square metres of subterranean tunnels in order to mine a selection of different digital currencies – such as Bitcoin, Ethereum, Dash and Litecoin. The idea is that Ice Rock will open an ICO which will allow users to get involved as either minors, or as investors directly into the ICO, with their ROCK tokens.

Sales period. From Sep 25, 2017 to Nov 7, 2017
Accepted currencies. ETH, BTH, BTC, LTC
Raised. 297 370 $
Website and whitepaper.

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Centra Tech Inc. Co-Founder accused With Fraud by SEC

The US Securities and Exchange Commission (SEC) has charged Centra Tech Inc. co-founder, Raymond Trapani with ICO fraud  
25 April 2018   77

The charge came as the result of the SEC’s investigations into Centra’s controversial $32 million USD initial coin offering (ICO). Mr. Trapani is the third and final Centra co-founder to be accused for taking part in the ICO.

Raymond Trapani, a co-founder of Centra Tech Inc., has been charged by the SEC for his participation in “a fraudulent scheme connected with Centra’s 2017 ICO.” In 2017 Centra made headlines after enlisting celebrity approval from Floyd Mayweather and DJ Khaled. Two other firm`s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were charged by officials earlier this month for their engagement  in the distribution of “CTR Tokens” to investors.

A changed variant of the SEC’s complaint demands that Trapani was the “mastermind of Centra’s fraudulent ICO,” with an SEC press release alleging that “Centra [was] marketed with claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company’s core financial services products.” The SEC accuses Mr. Trapani and Mr. Sharma of “manipulat[ing] trading in the CTR Tokens to generate interest in the company and prop up the price of the tokens.”

We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. 
Robert Cohen, Chief, SEC Enforcement Division’s Cyber Unit

 

The SEC has disclosed a text mail sent to Mr. Farkas and Mr. Trapani from Mr Sharma in what Mr. Sharma said to his colleagues “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” Mr. Trapani also demanded that Mr. Sharma “cook [him] up” a fraudulent document whilst the company was seeking to get CTR tokens listed on exchanges under misleading pretexts. Mr. Sharma replied to the request with “Don’t text me that s[***] lol. Delete.”

At the same time, the U.S. Attorney’s Office for the Southern District of New York has also looked for criminal accusations against Trapani. The SEC has revealed that text messages  jointly used between Centra’s co-founders discovered the scam purposes of the defendants.