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by empath75 3132 days ago
Name one ICO that has backed a legitimate, on-going, profit-making business, beyond selling ico tokens.
5 comments

ICO sales took of this summer, early stage startups usually, so would be naive to think that most of them should be profitable already.

But here are a two.

Startup that issues you a Mastercard that is backed by your BTC, ETC. So you can shop at any store that accepts CCs, but never hold actual Fiat currencies. You recieve tokens as a form of cashback for your CC revenue. And all tokenholder get a share of all the revenue that happens on all the TenX issued CCs. https://www.tenx.tech/

An online casino that shares it profits with the tokenholders (shareholders) https://www.edgeless.io/#!/index

"ICO sales took of this summer"

They're almost all flat.

Why does anyone think that anyone will be interested in buying 'Kin' tokens?

These tokens are magic numbers that someone made up.

You people are buying Monopoly money. Worse - Monopoly money is at least made of paper you could use for something possibly.

Kik's Kin tokens are way down, and they are not coming back up. Why on earth would they?

Billions of people around the world are going to start sinking all their money into thousands of fantasy tokens that have no use, and have no value? I don't think so.

I'm not sure how it will go in the long run, but TenX is now listed as an agent with VISA. They have their own token called PAY.

https://www.visa.com/splisting/searchGrsp.do?companyNameCrit...

(I don't own any, but I've been watching it since I heard)

Stellar (https://stellar.org) - is trying to solve real problems: low-cost cross-currency payments, micropayments, enabling mobile bank branches, mobile money and services for the underbanked. Their tooling for integration with FSPs is looking very good.
storj.