On today’s edition of ICO’s This Week, we review Eligma and Safecrypt, two exciting projects for the blockchain industry. Additionally, we bring you an interesting ICO review of XYO. Come and check it out!
This Week’s Show Is Sponsored by Robotina
Robotina is developing a platform that will reduce energy consumption, lower electricity costs and optimize the entire electricity grid by monitoring real-time consumption data through automated AI-controlled systems. ROX is the token offering from Robotina. The crowdsale begins March 21st to end April 30th. Robotina’s ICO soft cap is set up at $10 million, while the hard cap is $28.5 million.
Eligma – AI-driven Commerce Platform
Eligma is an AI-driven and blockchain-based cognitive e-commerce platform project that will operate like an enhanced search engine for shopping for goods across online retailers and other platforms, using AI to find the best deal available for users. Eligma will offer the possibility of paying for goods with both fiat or crypto; the next step for e-commerce platforms.
Eligma’s token is called ELI and will go on pre-sale on March 20th until April 10th, offering a 15% bonus for early birds. The main sale will begin on April 17th and will last until May 8th. The soft cap is set up at $3 million and the hard cap at $24 million. The team is large, diverse and impressive on this project. Reactions from reviewers are favorable and the white paper is proficiently laid out. Eligma sure looks like a potentially successful project if followed through but it also shows some challenges.
Safecrypt – a New Traders’ Crypto-exchange
Safecrypt is building a crypto-exchange aimed at traders that allows anonymity, fast trades without actually depositing funds in a exchange wallet and low transaction fees of $0.06. It is developed in direct response to exchange hacks; an idea much needed in the market.
The pre-ICO sale starts on March 26th and will run for 5 weeks with a 6% bonus. The main sale will begin on May 2nd and 187.5 mln SFC tokens will be available for purchase. Once they reach working product they are planning to pay dividends to token-holders and stage buybacks to introduce some inflationary pressure.
The team is solid and reactions from the community are good so far. Safecrypt looks like a promising project for the future, although this sector comes with a lot of competition so they will need to deliver an excellent product in order for it to be successful.
Xyo – the Internet of Places
XYO is an ICO that offers a unique approach. They have a network of small devices, such a GPS and Bluetooth, that broadcast locational information allowing blockchain technology to create smart contracts and prove the locations of any object in question. The crowdsale for this ICO will begin on March 20th with no hard cap. They’ve laid out the possibility of mining up to a billion tokens if necessary, based on the demand of their users. Also they have issued a 50% bonus on the pre-sale but they have not stated publicly what the bonus conditions will be for the main sale.
XYO explains user case studies for real world usage of this technology. The project is well documented and detailed on both the tech side and the consumer side. The team is good and the underlying idea attractive, as it complements where the blockchain world is going, seeking to extend that reach.