Making money has always been a challenge, and in this day and age where fast is the name of the game, the stakes get even higher. While the community and market for ICO are getting bigger, the rules of the game keep on changing to keep out scammers and amateurs who don’t have what it takes to be professional. What’s more, it soon turned out that making “fast money” through blockchains defeats the purpose of investing in the long-term, causing it to slightly crumble as speculations start surfacing from below. So, what would take the place of a fast-track? Seems as if going slow, steady, and measured is a brand new strategy the ICO market has up their sleeve.
Crowdsales have proved themselves popular this year, raising over $797 million on Initial Coin Offerings during its first half-year run. Moreover, the amount of token sales this year rose to over 300, which, at another perspective, is more than one ICO made per day. Of this amount, a quarter is owned by the Finance category, which is about $523 million.
As observed, the ICO market is going through changes as it grows. One of such change that is significant is the emergence of these so-called Ninja-ICOs, which is a flash token that starts and ends on the same day, hence the “ninja” term. Cryptocurrency analysts have agreed that this is something that needs attention. Nowadays, real investors have been taking the forefront of the ICO era. Because even though statistically, the Finance Category still has the big numbers this side of the ninja-ICO fence, raising an enormous amount of money for ridiculous ventures like space missions are slowly being set aside.
The Tokenbox Project
Come the Tokenbox project (TBX), a utility token made for usage. Offered to investors and users alike, the TBX ensures cryptocurrency portfolio that is both secure and well-balanced.
With the rapidly changing market for cryptocurrency that bends the rules as it goes along, a platform that will unite traders, investors, and funds has always been a question of when and not why. And the numbers show for it: The pre-sale weeks garnered roughly $1.5 million, while 19 traders, as well as 2 funds, asked to participate in the actual project. Overall, it played around the $3 million soft cap, which is more than enough to start implementation.
Another good example will be Genesis Vision, an ICO made for creating a platform for private trust management. Raising $2.8 million, their tokens have seen their amount tripled ever since.
Now the question is, will these TBX tokens continue in an upwards trajectory once the ICO is done? If the numbers are of any indicator, then it is a yes. Do remember that Tokenbox has managed to raise almost $2 million within the first week of its pre-sale, even without the help of having a cryptocurrency “celebrity” hopping onboard their train.
But then again, at the end of the day, it all boils down to trust. And with more than one ICO getting created a day, the world asks: Where does all the money go? After all, an ICO is still an unregulated way to fund money, and as of writing, there still isn’t a governing body that completely accepts it. Come Token Fund, which is the first-ever crypto fund that has seen its own share of success, created by the team behind Tokenbox themselves.
To cut it short, ICOs going down the slower route are proving to be what’s getting all the attention these days. And for good reason, the less funds made during the infant stages of an ICO, the higher the value the token will get in the long run.