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What Is InoCoin?
InoCoin is an Ethereum-based crowdfunding belvedere for blockchain and cryptocurrency projects. The aggregation is actual bright that it’s not an ICO incubator – instead it’s added agnate to crowdfunding platforms like Kickstarter and Indiegogo. The association reviews projects and chooses to either “Like” (upvote) or “Boost” (fund) them application INO, the proprietary ERC-20 badge acclimated by the InoCoin ecosystem.
Crowdfunding is one of the best accepted methods of accepting clamminess to alpha a new project. In fact, over $17.2 billion is aloft by these projects annually in the U.S. alone.
The avant-garde trend started in the music industry in 1997. ArtistShare started in 2000 amid the uproar over Napster, TicketMaster, and the acceleration of 360 contracts.
By 2010 both Kickstarter and Indiegogo were active strong, giving both new and accustomed businesses a belvedere to accession funds for new business projects. Today there are bags of alcove crowdfunding platforms. Patreon, for example, focuses on agreeable creators, while GoFundMe lets people, families, and charities get in on the action.
Of course, aloof because crowdfunding is a trend doesn’t beggarly every business will succeed. PledgeMusic is on the border of folding, and Kickstarter alone generates 5 percent revenue on its backed projects.
Having alone invested in a few crowdfunded projects, I apperceive there’s additionally accident in the activity not actuality delivered (or actuality delivered late, glitchy, etc). Although Kickstarter states 65 percent of backers are annoyed that rewards are delivered on time, that agency 35 percent aren’t. Studies appearance a 10 percent abortion amount of Kickstarter projects.
This abortion amount is abundant college in crypto ICOs, which accept a 50 percent abortion rate, and about aggregate is delivered late. INO (colloquially referred to as “Initial Nothing Offering”) was created to accompany ICOs afterpiece to Kickstarter numbers.
The Bulgarian activity is led by CEO Metin Ismetow and has 12 projects in its launchpad, all launched amid March and July 2018. Over 429,000 projects launched on Kickstarter as of October 2018, and that gives it an boilerplate of about 43,000 projects per year, and that’s aloof one platform. There are dozens of bequest crowdfunding platforms aggressive with InoCoin, abundant beneath crypto launchpads like Ethereum (on which InoCoin is based), EOS, Tron, NEO, and abounding others. And again there’s Polymath Network, which provides a government-compliant Securities Token Offering (STO) platform.
Has this crowdfunding activity absent steam?
We’ll actuate the activity of this startup exchange by analytical the achievement of INO, the proprietary ERC-20 badge acclimated by the InoCoin platform.
INO Cryptocurrency Summary
InoCoin (INO) has a absolute accumulation of 1,000,000,000 INO. The aiguille amount so far was $0.902723 on February 23, 2024, afterwards the activity had a ample amount fasten on February 8. The activity launched March 2024.
Instead of an ICO, the aggregation allocated the antecedent 20,000,000 INO through a bounty program, which included a array of amusing media campaigns to body the project’s association throughout 2018.
INO can not be mined. Instead it charge be purchased either on the belvedere itself or through a third-party seller.
INO is the bill acclimated to armamentarium projects on the InoCoin platform. Its amount is tracked in ETH, as it is an Ethereum token.
Over $1,500,000 account of INO is traded on a circadian basis, all of which occurs on Exrates. INO trading pairs accommodate BTC, ETH, and USD.
As an ERC-20 token, INO can be stored in any ERC20-compatible wallet, such as MyEtherWallet, Trust Wallet, and accouterments wallets from companies like Trezor, Ledger, and Archos. You can additionally actualize an official INO wallet by registering for an annual with InoCoin.
INO There’s More to Crypto Than This
Because it markets itself as a crypto/blockchain activity launchpad, it’s important to highlight the projects currently accessible in the InoCoin marketplace. Here they are in the adjustment they were launched – these are all austere projects listed:
If these complete added like the rejects from an adventure of Shark Tank than the approaching S&P 500, you’re apparently not alone. None of these projects accustomed added than a dozen “likes,” and all of them (including the belvedere itself) seems to accept gone absolutely dried and arctic back July 2018.
There’s no advice on whether any of these projects accustomed any allotment or if any of them are real. Don’t get me wrong, I’m about to bead $100 on the honey imprisonment abstraction aloof for shits and giggles, but there are far bigger incubators for hot blockchain projects.
InCoin Summary
InoCoin markets itself as a abundant abode to acquisition crypto investments, but some of its projects attending too crazy alike for Kickstarter. ICOs are a chancy investment, but so is any startup, and there are affluence of crypto advance platforms on the market. InoCoin hopes to accretion absorption in a awash exchange application these key features.
With these pieces in place, it seems absurd that InoCoin will still be about by the end of the year. However, drifter things accept happened. For all I know, the abutting change of the animal chase will absorb imprisoning a redhead in a honey jar and I’m activity to feel absolutely brainless for biting our new overlords.
