Ethereum making ICOs, a top decentralized network.
December 22, 2017 5:40 am,
Here we will understand some of the tokens or ICOs based on Ethereum.
First, let’s understand what Ethereum means:
Ethereum is a cryptocurrency based on blockchain technology which was proposed in 2013 by Vitalik Buterin, a cryptocurrency developer, and programmer. This platform enables programmers and developers to build decentralized applications.
Ether is a token of the Ethereum protocol for operating smart contracts on the network. It is an open network managed by the users and network where transaction details are stored in a ledger accessible to all the nodes in the network, like the functions of bitcoin, but with a more sophisticated algorithm.
Now, what are ICOs or tokens or coins?
Initial Coin Offering, abbreviated as ICO is similar to what we call as IPOs in the regulated capital markets. An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by start-ups to forgo the rigorous and regulated capital-raising process required by venture capitalists or banks.
Listing below are some of the Ethereum based tokens:
Token symbol: PLBT
Current market price: 1 PLBT= 0.005859 ETH
Token symbol: GGS
Current market price: 1 GGS= 0.00001350 ETH
Token symbol: BETOP
Current market price: The BetOpen ICO is currently live and the estimated value of 1BETOP is USD 10.
Token symbol: FUN
Current market price: 1FUN= 0.00007515 ETH
Token symbol: DRP
Current market price: 1 DRP= 0.001260 ETH
The above is a few of ETH based tokens. To learn more about ETH based ICOs, visit https://ethplorer.io/top .
Out of the above, there are coins wherein there has been no trading at all in the last 24 hours. However, most of them are traded majorly using BTC.
Some of the ETH based tokens with the highest number of holders are:
- VIU, with price USD 0.02
- INSP, with number of holders at 855571
- Xenon Network is to launch its distribution in July 2018
- OMG token, trading at price USD 18.55
- Tronix token, with a price of USD 0.06
Ethereum has a true potential to become a worldwide alternative for other crypto coins and in the investment because of its unique and excellent features. Also, the maximum number of crypto coins which are released are based on this excellent crypto coin. The coins released on the Ethereum platform in different industries have their own individuality and functionalities.