The ICO explained and 5 ICO’s to get excited about

ICO’s are changing reality as we know it

If you’re not sure what an ICO is, not to worry, you aren’t alone… but now’s your chance to recognise a new way of fund raising that’s changing the globe.

ICO’s are disrupting the technology landscape as we know it.

But they are actually very simple…

ICO stands for initial coin offering.

This essentially means that a group of people with a brilliant idea can make a coin and you can pay for it using other coins…

Well, sort of.

The thing is, that sounds like traditional business raising, right? A group of people formulate an idea and get investors to pump in some cash.

But that’s old news…

You see, the traditional investment route is fine but it’s very slow. It’s slowed by tax wrappers, government, bank intervention and investor scepticism.

ICO’s are fast, they’re safe and they’re built by normal people…

Individuals using cryptocurrencies are able purchase small parts (tokens) of your business idea, increasing the overall value and therefore increasing the value for themselves.

It can mean lots of cash is released in quick periods of time.

People are making millions.

It’s all very compelling.

But to make this more tangible, here are five examples of ICO’s to get excited about, what they do and how they can best serve us.

Starting at 5…

5) Rentberry (UK)

If you’ve ever rented out a home, you’ll know the pain…

Unlike most ICO’s Rentberry has been around for a little while and has built an excellent reputation. They’re trying to make home and apartment rental easier than ever.

Using blockchain technologies (where tenant can communicate directly to their landlord) Rentberry has removed all the hassle from renting, securely and efficiently.

Not convinced? Well Rentberry have raised £30 million so far. One to watch.

4) Node (UK)

With wireless charging becoming an asset of everyday life (thanks smartphone) Node are branching out.

This ICO is looking to raise money to expand wireless charging to manufacturing, health care and beyond.

Node is harnessing the new wave of energy technology; which is wireless charging devices.

Picture how much easier life would be with wireless charging at mass scale….

3) SociFi

Sounds super geeky and it is.

SociFi want to provide the world with free data.

They plan on doing this by making large global companies pay for it.

All over the world, there are people who have smartphones, but who either can’t afford or don’t want to pay the exorbitant prices that most service providers charge for data.

Basically, users would download the SociFi app, and they would be given the opportunity to view advertisements and media that is related to a large company such as Coca-Cola..

In exchange for interacting with the media, the company would pay for a certain amount of free data for the SociFi user.

Ownership of data will be the big thing of 2018, watch this space!

2) Vehicle Lifecycle Blockchain

Catchy name, right?

The name might not be amazing but its certainly incredible what these guys are trying to achieve.

This ICO is trying to make automotive costs more affordable, for the every day man and woman.

You see, centralised control of the auto industry (a handle of companies control the majority of market share) therefore distribute the cost of parts and repairs…

But with the Vehicle Lifecycle Blockchain, customers and repair centres can connect directly, without the need for a centralised body like the bank or a big scary car company.

1) Cofe Project

We saved the best until last, folks.

This is a special ICO. The Cofe Project is reforming something very close to our hearts, our morning cup of coffee…

The Cofe Project seeks to use NEO technology (a form of blockchain) to ensure coffee farmers get a truly fair share of their trade price and that means all of it…

With the Cofe Project, customers buy coffee beans straight from the farmer themselves using a smart contract developed exclusively by Cofe…

And the name? Well Cofe stands for Coffee, minus the farmer exploitation.

You heard it here first.

I hope this shined some light onto the confusing world of ICO’s and be sure to monitor the five featured ICOS, they are going places…