deClouds is a new cryptocurrency that aims to bring precious metals to the cryptocurrency space. The goal with deClouds is to create tokenized versions of precious metals that can then be traded in a decentralized manner. At its heart, it is a tokenization network, somewhat similar to Waves and other such networks, with a special focus on precious metals.
deClouds ICO is currency ongoing. You can check the full details at the Bitcointalk ANN thread. deClouds, unlike many other ICOs at the moment, is using a 2-of-3 escrow for funds, and the funds will be released to the team only when the project is launched. There are also ICO bounties, from social media follows/likes to Bitcointalk signature campaign, and even newsletter subscription (really, that’s the easiest one. No excuse not to subscribe there!)
Since deClouds is bringing precious metals trading to the blockchain, it also needs to build a decentralized exchange on the blockchain to facilitate this trading. That’s on the roadmap for the team. This of course needs scalability because blockchains with trading in them can get quite large. To solve this other related problem, deClouds is strongly integrating the ability for ‘blockchain on the cloud’ for the nodes, so that the solution scales better than nodes being hosted on people’s computers. This is an interesting move by the team.
Frankly, a lot will depend on partnerships that the deClouds team can line up for the precious metals trading. After all, a token that is an IOU trading on the blockchain is only as good as the backer behind it. Ultimately it is a hard problem to solve not because of technology but because of such partnerships – the conversion between gold and token and vice versa is the weak point in the link. Also deClouds has competition from some well-funded projects like Waves which are similar platforms to tokenize. Another recent Finnish project HEAT also has tokenization features along with scalability and decentralized exchange, so it is all about good execution at the moment.
Note: The new site ICOCountdown has become popular recently for listing ICOs, but please BE CAREFUL! Here’s the allegations against them asking money to list (Medium link removed by author now), and almost using ‘blackmail’ against new projects if they don’t pay up. They’re asking for $400/week! I refuse to link out to the site, so add .com at the end of their name to visit the website. To be fair though, here is the primary allegation against deClouds by ICOCountdown, so you be the judge.
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Hear it here first forks: For the second half of 2016, here’s how ICOs are done: Model ICONOMI. Let’s introduce ICONOMI here first, and hopefully, the first of many more to come.
Firstly, there is no dearth of ICOs at the moment. This seems like the hottest time of the year, right after the big ICOs of Lisk and Waves, each valued at over $15 million at the moment. The historic pattern is when there is wave of successful ICOs, there are many that want to raise money while the market is hot. We are in exactly that phase right now.
But ICONOMI is different. Firstly, there is a legitimate idea, which seems like a rarity today in the turbulent crypto seas, ahoy! The project is aimed fair and square at investors. Whatever product or service helps you make more money is something to keep an eye out on. Those are big winners in the economy. ICONOMI definitely checks off that box. Basically, the idea is to bring financial services and products on to the blockchain. It is built on Ethereum.
So there’s the idea (yes, it is built on Ethereum which isn’t as hot as it was earlier. Thanks Stephen Tual and the DAO team) that is interesting not just as a stand-alone but as a way to make/earn money. The next step is, who cares? Well, if you run a great ICO campaign, you already have your earliest adopters. That’s a smart move that lots of ICO teams get wrong. If you are good with rewards and running good campaigns, you can generate a ton of more value than just the coins that you give out as bounties. So ICONOMI checks that box off very well too – great bounty programs, and good social campaigns like Twitter and Bitcointalk signatures.
And the market is reacting appropriately. Even though there are like a dozen ICOs ongoing at the moment, investors are taking note. There are the three-day stats: over $300,000 raised in just 3 days. And the ICO is ongoing for another month. Good luck to the team and the investors. Exciting project to check out for sure.
Here’s the ICO website.
And here’s the ANN thread in Bitcointalk.
Bounty claim code: ICO3T68g7bnfDVOnqbjlk7ZqdXYnP7fPYNHICONOMI
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What does it take for a cryptocurrency to get noticed in 2016? There have been thousands of cryptocurrencies since Bitcoin, so what can you bring new to the table? Well, how about some good ‘ol fashioned tokenized fiat, mixed with a decentralized exchange on the blockchain, garnished with a scalability solution that will allow significant scalability. Well, that’s HEAT in a nutshell.
The ICO is currently ongoing. You can buy some HEAT tokens here before launch. I cannot comment on how successful the project will be, but the Finnish project looks quite promising, and definitely seems to have a better thought-out product than most of the pumps-and-dumps infecting this space.
Oh, and did I mention the 32 page whitepaper is also out (surprisingly, they released the whitepaper while the ICO was ongoing instead of before. That may have made some people gloss over this one). You can read it here.
The Bitcointalk thread is not too exciting in terms of numbers. Much less discussion than Lisk and Waves, but the discussion quality is much higher. No whiny “when is the price going to rise? this is a scam” type of post from ignorant newbies. They didn’t do a signature spamming campaign, which gets an A+ from this Crypto Captain for not spamming Bitcointalk.
All in all, promising ICO for sure. Raised a fair amount of money, but nowhere close to Waves for example. It remains to be seen how successful this will be in the marketplace.
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