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


ODX Gets Closer to US$100Mil Token Sale
Singapore. Blockchain-based data marketplace Open Data Exchange (ODX Pte. Ltd) gained traction on their mission to provide free internet to emerging markets when the company announced a commitment of more than US$60 million from its private token sale. The private sale was backed by committed inv

Banking-grade Investor Risk Profiling and Product Risk Classification now available for Cryptocurrencies
Cryptoprofiler empowers better investment decisions in cryptocurrencies by providing investors with risk profiling, social sentiment analysis and cryptocurrency risk classification. Zurich, September 17, 2018 – While early stage crypto investors have multiplied their investments, many people who

PocketCon Creative Gallery has been launched and now is waiting for fandom artists to join in!
A creative hub where you can connect not only with other fans but also with your favorite artists. Some people say that blockchain technology is a form of art. Today, blockchain is extremely attractive to the art community. Unsurprisingly, the first forays into the art trade’s use of blockchain

Earn $200 Per Day NO NEEDS SKILLS
How To Make Money $200 Per Day (Payment Proof): http://kupiauto.zr.ru//bitrix/rk.php?goto=https://vk.cc/8pBiII

Direct Co-ops Announces Exciting New Partnership with Royal-Backed $575 Million ICO Tatatu
Toronto based Direct Global / Direct Co-ops has a stunning surprise for small and medium sized businesses across North America and they say it’s something businesses around the world will soon be able to take advantage of. Today, Direct announced an exciting new partnership with Royal-backed Tata

ORCA Alliance – World First Open Banking Platform for Cryptocurrency Users.
ORCA is the first Open Banking platform designed for crypto users. It functions as a customizable, easy to use gateway into the crypto-economy for both advanced and amateur crypto enthusiasts. ORCA makes use of the emerging field of Open Banking to innovative integration of fiat bank accounts with c

Innovative anti-aging. Or as in 70 years look 30 years.
What do you think about it? This person is selling the secret of eternal youth: http://mariohljbu.review-blogger.com/1737523/indicators-on-24-7-anti-aging-you-should-know

Gopher Protocol (OTCQB: $GOPH) Incorporates its gEYE #Security into Its Digital Coin #Technology Platform - The GRC
#Crypto News: Gopher Protocol (OTCQB: $GOPH) Incorporates its gEYE #Security into Its Digital Coin #Technology Platform - The GRC SAN DIEGO, CA - August 9, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the creation of Internet of Things

FILO ICO - New Face of Technology
FILO is an advanced blockchain platform that aims to improve the sharing economy as we see it. The Filo platform utilizes the power of blockchain to create an ecosystem of services, where service providers can integrate their offerings to enable direct access to the consumers who need them. As of

A man needs your help
Help Jack please: http://klinikabudzdorov.ru/bitrix/rk.php?id=18&event1=banner&event2=click&event3=1+%2F+%5B18%5D+%5BMAIN_BLUE%5D+%C1%E0%ED%ED%E5%F0+%ED%E0+%E3%EB%E0%E2%ED%EE%E9+%CC%EE%F1%EA%E2%E0&goto=https%3A%2F%2Fvk.cc%2F8l7kvh

Contact: daniel@coincrunch.com Submit News RSS