Submit News All Crypto News

Beginning of ICOs in India : Will Indicoin and Other Indian ICOs Gain grounds?

Category: General

India’s maiden token sale is unfolding with more upcoming ICOs filling the pipeline. The social-services focused Indicoin ICO was launched in recent days after the startup raised ETH 900 in the token pre-sale amid modest expectations. Cryptocurrencies haven’t really taken off in India yet, with only a fraction of the population reportedly having exposure to bitcoin. Indicoin has the agenda to improve the condition of the society through their “Actual proof of work” idea for which they are developing a decentralised application where the voting process will be done.
While an Uber-like startup in India is readying its debut in the public token sale market, and it’s a play on the sharing economy. This upcoming ICO dubbed Drivezy will launch in Japan amid an advisory relationship with fintech play AnyPay in the country. The deal is reserved for accredited investors and "subject to regulatory restrictions."
Peer-to-peer vehicle-and-bicycle sharing company Drivezy has attracted USD 10 million from the equity and debt capital markets from investors in the United States, Japan and some in India. Whether that success can be parlayed over to the cryptocurrency market is yet to be seen, and no doubt upcoming ICOs in India are watching. Drivezy was able to attract that capital under the premise that it accepts bitcoin amid a partnership with India exchange Unocoin, which is a promising sign.
Now, How only ICO could help to have accelerating growth? And how did Indicoin bring the first ICO to India?
Well, a notable increase in the cryptocurrency trade all across the world and the income which a commoner get through these projects which help them to survive has shown the path for the various enthusiasts to grab this opportunity and construct these kind of projects in India.
Lately, ICO has been the mother of some of the most innovative ideas awaiting to find acceptance from conventional investors. Indicoin has been blessed already of huge support, thus easily surpassing SoftCap. Team aims at reaching the Hard Cap too. Indicoin is now on the path of gifting society of a revolutionary tool which can be used in endless ways to create a difference.
Eradicating social problems and diversifying opportunities for the Indians ended up in the birth of Indicoin. The very first ICO presented by Indicoin is like a boon for the young technology enthusiasts, unemployed category of people, socially backwards, etc. It plans to establish the social service sector in more organised way than ever before, in a very short span. The scope of this project is an ever expanding type.
How these upcoming ICOs will be received in India will be interesting, but the overall tone of cryptocurrencies in the country appears to be cautious. For instance, prominent economist S.P. Sharma is quoted in The Economic Times as pointing out that cryptocurrencies kind of hang in the balance as neither “illegal” nor “legal” form of payment. Indian regulators, meanwhile, similar to many around the world have warned investors about the cryptocurrencies to remain very careful while investing.
Sharma said: “Unless the cryptocurrency is properly and comprehensively regulated and monitored by a robust institution, I don’t see bitcoin becoming a legal currency in India.”
Meanwhile Reserve Bank of India officials have recently said that they are uncomfortable with bitcoin or any virtual currency for that matter. Instead they are exploring the idea of a fiat cryptocurrency as another option to the India rupee.
Good or bad, these Indian ICOs are germinating and adopting the new technology to evolve.



Contact
Mr.coin
Share on Facebook Share on Twitter Share on Whatsapp Share on Reddit


Cryptocoin News RSS


Heads Up Investors! The Pre ICO Sale Of Pieta is Live: Join & Buy Tokens Now
Pieta, which is the world’s first coin that seeks customer’s interest more than its own interest, is proud to announce the first official sale of its tokens. Pieta’s mission is to increase the use of clean solar energy in blockchain mining to reduce the cost of mining and make it more feasible and a

Started From 15 January, Pieta (PITC) ICO (Pre-sale) Is Live (Running Successfully)
The pre-sale of Pieta token (PITC) which started from 15 January is now running successfully. In just 5 days, a major part of the target fund has been raised and most of the tokens have already been sold. It is obvious that Pieta project has instantly become famous in the industry and among the pote

Pieta (PITC) Pre Sale is Live Now: The Earlier You Buy Pieta Coins, The More Benefits You Get
Pieta (PITC) Pre Sale is Live Now. 100,000 PITC tokens are for sale during this one month long Pre Sale period which ends on Feb 14, 2019. The price for one Pieta Token during the Pre-sale period has been pegged at $2. Dogecoin, Bitcoin are two acceptable payment methods. Pieta is a blockchain ecosy

Important things you need to know (and understand) about DCI
One of the DCI, or DigitalCryptoInvest primary objectives is to allow new start-ups, existing businesses seeking for investment to connect with investors in an open and transparent ecosystem accessible by all its users. One important thing you should know and understand about the DCI ecosystem is

NXT-ID (NASDAQ: $NXTD) Subsidiary FitPay® to Begin Shipments of Flip - a Contactless Payment Device for Bitcoin
Crypto News: NXT-ID (NASDAQ: $NXTD) Subsidiary FitPay® to Begin Shipments of Flip - a Contactless Payment Device for Bitcoin Contactless payment instrument funded with value exchanged from cryptocurrency shipping February 13 SEBASTIAN, Florida - January 11, 2019 – (Investorideas.com Newswire)

Airtoto End Of Pre Sale | Just One Day Left To Earn Big!
One of the most famed ICOs this year, Airtoto is renowned for its unique blockchain-based lottery system which allows users to play lottery games in a fair and transparent way. The Airtoto tokens first up went on sale in December 2018 which turned quite successful in a bid of investment. In its n

Introducing Era Swap Wallet: A Secure Platform for storing your Digital Assets
Any digital asset may have been introduced as a highly secure digital currency but that doesn’t make it immune to hacking. In fact, digital assets are being constantly haunted by hacks and scams ever since they were introduced a decade ago. To note about digital asset hacking is that hackers targ

Introducing Blocklogy - A Comprehensive E-learning Platform for Blockchain Enthusiasts
Summary: Blocklogy is a dedicated blockchain e-learning platform on the Era Swap ecosystem that is designed in collaboration with Kmpards, the organization behind the funding of Era Swap. Blocklogy is a blockchain e-learning platform on the Era Swap ecosystem that is designed in collaboration wit

Airtoto Pre-ICO Running Successfully. Invest Now to reach your Goals!
The pre-ICO sale of Airtoto has started with a bang and now successfully running in its fourth day. The first three days of the sale were quite fulfilling as we move towards achieving our funding goal while helping investors reach their own investment goals. Do you also have a goal to earn big by in

Airtoto Pre Sale is Live Now: Buy Now To Get Amazing Benefits
The first official sale of Airtoto tokens (ATT) has started now. The ICO I stage (private + pre sale) will be held from 15 December 2018 to 29 December 2018. To attract new buyers and speed up the sale process, the company is offering a limited-time bonus of 20% along with a discount on the price fo

Contact: daniel@coincrunch.com Submit News RSS