What Is ICO? | Best 3 Upcoming ICOs
Jun 02, 20222 min read
An initial coin offering (ICO) occurs when a company sells a new cryptocurrency to raise money. Investors get cryptocurrency for their financial contributions. An ICO is the crypto analog of an initial public offering (IPO) in the stock market. It’s considered a bit risky due to a lack of regulations. When a company launches ICO, it tells the date, rules, and buying process beforehand. When ICO starts, investors can buy the new cryptocurrency. ICOs usually ask investors to pay with another cryptocurrency, and the most common choice is Bitcoin ($BTC) and Ethereum ($ETH). There are ICOs that accept fiat money, as well.
Top 3 ICOs
That’s a decentralized and permissionless ZK-rollup. It works as an L2 network running on the Ethereum, allowing any decentralized application to achieve unlimited scale without compromising any Ethereum composability and secureness.
StarkNet supports scalability saving L1 Ethereum safety, creating STARK outside the network, and then verifying them within the network. StarkNet developers can easily any business logic using StarkNet Contracts. StarkNet provides composability on the Ethereum level, which makes it easier for the development and implementation of innovations.
The project fundraised $125 000 000 from venture capital investors for a SEED round.
It’s a virtual Ethereum machine with Solana scalability and liquidity. Neon Labs is a developer of the Solana program environment that allows building apps using EVM (Ethereum Virtual Machine). Thanks to the technology, developers can create smart contracts using well-known coding languages such as Solidity and Vyper, use the Metamask interface and quickly resolve forks of the existing protocols like Aave. All that using Solana’s possibility to process transactions quickly and with low fee rates.
The project rose about $40 000 000 investment from venture capital investors for a SEED round.
The primary Astra protocol aim is to supply all the smart contracts in DeFi to a decentralized level, including KYC and AML options, to be a tool for solving real problems with compliance to regulators’ demands and using the experience of reputable low companies. The technology was created to solve some controversial issues and verify data connected to blockchain and smart contracts.
As a DeFi field is growing, it has to stick to the rules established in society. The DeFi protocols should meet the level with the compliance regulator’s demands, otherwise, the control over the ecosystem will be lost.
According to the World Economic Forum (WEF), — ‘the power of technology in solving arguments superiors the power of technology in starting them.’’ Without a powerful platform for solving the questionable situations on the Net, DeFi platforms are still extremely risky.
The project rose around $9 000 000 of investment from venture capital investors for a SEED round.