Large players of the cryptocurrency market are trying to understand the true situation and separate the real token deals from scam.
Coindesk has spoken with Boost VC, Compound VC, and Pantera Capital to find out about the change in the crypto market and to get a better understanding what tokens are worth investing in.
Here are 7 tokens to invest in
For all promise of cryptocurrency, investors saw millions of dollars lost and under threat as a result of coding errors. Thus, the industry has called for reform. Quantstamp is based on the protocol for providing automation of security checks on smart contracts.Find out what tokens are worth investing in
The team builds a set of code that can check the smart contracts. It enables developers to abandon the audit to a team of hackers and secure network that will be rewarded for finding bugs.
The last several years of data breaches showed how dangerous the centralization of personal data could be. So, Bloom’s team creates a decentralized system of credit ratings, including identification, risk assessment, and credit evaluation.
According to the Bloom’s document, decentralization and the model of privacy, the company will put loan recipient at the center of all transactions in an attempt to reduce the risk of exposure. It should not only lead to much-needed competition in the industry monopoly credit agency but also increase the volume of consumer credit across borders in the community that has difficulty with the creation of loans.
Keep the back of Fold, which came out of the company's interest in finding a way to store personal information on the public blockchain.
This privacy solution called Keep is a layer of privacy for ethereum, which uses secure multiparty computation to store data in several places so that smart contracts can still use it. None of the places know where the other pieces are, but they still can perform the necessary calculations with the parts they have.
Another security-focused token to open its public sale soon (in early 2018) is NuCypher.
The company has already commercialized proxy re-encryption, which can encrypt your keys and then delegate access to these keys with others people in more traditional verticals. Now it wants to adapt the product to smart contracts.
Stream wants to radically change the structure of incentives for user-generated video, decentralize process from the beginning to the end through the use of the blockchain.
At this point, Stream sits underneath YouTube and Facebook, allowing videomakers to earn money either from advertising or direct support of the audience, the last new source of income for most videomakers.
But for this to work, Stream needs a cryptocurrency token to monetize the platform. And it will control the emission of the marker to engage on the platform more effectively.
The "sharing economy" is less and more about annuity market intermediaries take a significant reduction, or at least that's how the team at Origin sees it.
Origin wants to change that, hoping to decentralize the sharing economy with ethereum by creating a peer-to-peer network to execute the transactions directly for just about anything.
To prove that it works, the team expects that it will probably have to build one of these verticals itself, but it hopes that it will encourage other entrepreneurs to build more.
Orchid claims to have a possibility of observing free Internet. This product will allow Internet users to circumvent the spying and censorship with more reliable network nodes in the Tor project network because it will pay people for sharing unused bandwidth. Giving people a reason to put their computers on the network when they are not in use, in theory, can make so create nodes on your network that surveillance would become impossible.
Orchid is a "utility token," which means that it will provide token owners with the use of the platform.