Talking about an amazing prediction: Techcrunch predicts that in July of 2017 all ICOs will be Ethereum based. For readers who are not aware what an ICO is, it stands for Initial Coin Offering. This is a crypocurrency that is released to fund a startup, typically in the blockchain space. As an investor you get crypto assets back for your funding.
Interestingly, in recent weeks and months, more and more ICOs are funded by … Ethereum. So an investor has to provide a number of Ethers and gets back a certain amount of other crypto assets, all officially registered on the blockchain.
This trend is now becoming so strong that almost every ICO is based on Ethereum. A year ago, as a reference point, no ICO took place on Ethereum.
Techcrunch predicts, based on Tokenmarket.net data, that next month ALL ICOs will be based on Ethereum.
If this trend continues imagine how that will impact the price of Ethereum.
Techcrunch attributes the strong rise in usage of Ethereum to its own scripting language baked in, “making it possible to build complex smart contracts, decentralized autonomous organizations (DAOs), decentralized autonomous apps (DApps) and even other cryptocurrencies with relative ease. Ethereum’s flexible, extensible blockchain system makes it relatively easy for developers to build and launch their own DApps, DAOs and crypto-assets. But ease-of-use is not sufficient to explain Ethereum’s growing traction in the new digital assets space.”
Note that one of the coming hyped ICOs will be Bitnation, planned for July of this year. Even IBTimes featured this Ethereum based ICO. “Bitnation allows any person in the world to become a self-sovereign ‘World Citizen’ on the blockchain cheaply, quickly and securely, with the Bitnation World Citizenship ID,”