Hdac ICO - Blockchain Backed by Hyundai - Internet of Things Niche
There are loads of ICOs this days and im doing my best to share here only those which are most interesting and look solid. This time i got my eye on blockchain (not Ethereum token!) that is backed by huge corporation Hyundai.
tldr; Hyundai Digital Asset Currency is the full name and it is a decentralized platform made on blockchain that allows IoT machines to communicate and work with each other.
This is not something in works, this guys are already building huge apartament in China that is going to use the system
Internet of Things is a huge niche and im sure one of the things you have in mind is the direct competitor - IOTA.
Here is cimparison of this two.
Hdac IoT Contract
Things to Consider
- Raised 13,000 BTC (in presale from Asian markets but English speaking ones are still not fully aware of them.
- HDAC is created through the cooperation of Hyundai BS&C, DEXKO, Doublechain, and Hyundai-Pay. Hyundai BS&C.
- They are creating a franchise called "Cafe de Block" in Seoul, which will advertise and accept Hdac. The first chain opens in the first week of December in Seoul
- Their partners are Hancom Group, MODA group, KRP transactions, Worldwide Medical, and Oasis Lending Service. This names shoudld be known to CN and KR communities here.
ICO Info
Starts in just 7 hours!
ICO target is 6,000BTC
Exchange rate : 0.1BTC = 2,200dac (400dac bonus included)
Website: https://hdac.io/
Whitepaper: https://github.com/Hdactech/Hdac/wiki/Hdac-Technical-Whitepaper
Article (in chinese) about the building: http://www.segye.com/newsView/20170706002045
My other writeup: http://fuk.io/hdac-ico-blockchain-internet-of-things-platform-backed-by-hyundai/
Always do research before investing!
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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Tough to bet against Hyundai, but as with all ICOs, buyer beware, and do your homework. I'm a believer in the the J-Curve when it comes to investing in cryptos. Wait for the pull-back after the initial hype, after enthusiasm fades and the speculators have left the scene. Once the developers have started hitting their milestones on the project and when the ICO has lost its initial luster, that is the time to pounce. Sure, you'll miss a few home runs with that approach, but in the long run, it's a prudent policy to follow.
The pre-sale (stage 1 and 2 was for Koreans only) raised 14,000BTC with the sale of 736,000,000 tokens. They effectively paid 5 to 10 times less than ICO participants in far greater volume. There's only 104,000,000 tokens being distributed during the general crowdsale. Expect it to dump hard as fk when it hits exchanges as pre-sale participants take up to 1400% profits immediately with large amounts (pre-sale was minimum 10 BTC investment).
good point raised...I agree
My god! Thanks for the information.
No way I will participate in their ICO now.
Which markets did they ICO on? Japan?
The bonuses are the plague of the ICOs. They attrack the speculators and cause the price dumps.
I tend to view ICOs the same way. I like the J curve description. So much hype at the start of most of them, better to wait a little and see, I think. And to do your homework, of course; read the white paper, see who's behind the project - simple, but essential! Then, ask yourself "is it vaporware?" Those who were around in the dot-com boom will know that phrase well, of the many ideas that were funded and never developed into viable businesses. I haven't done my research into this particular ICO yet, but just from the posting above it looks quite interesting, for a start. Merits a closer look.
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You analysed it well...good point indeed, upped.
@kingscrown as you said
"This is not something in works, this guys are already building huge apartament in China that is going to use the system"
Inspite of that due diligence work must still be done on the part of any investor, yes it interesting hyundai has embraced blockchain
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Pre-Sales: Dec 03, 2017
ICO: Dec 08, 2017–12:00PM UTC
Start: 26/Nov
Ends: 25 December 2017
Name : MARTCOIN | MART
Total Supply :29,000,000 Million MART
ICO : 5.900.000 Million MART
Algorithm : ERC-20
https://medium.com/@duyhenry/review-ico-martcoin-erc-20-68fdf75a3af8
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Like the sound of that,wil have to check it out.Thanks for sharing.
Very interesting to see Hyundai getting behind their own coin. I was just having a conversation the other day about how I would not be surprised if other large companies (cough, Amazon) don’t make their own crypto as well. This could increase their
Hi ,
Very interesting read, Thanks you for sharing it!
Waoooo! HDAC better IOTA bro?
who knows :)
Amazing man! GO HDAC GO!! Thanks for your post!
information about blockchain and supported by hyundai company, amazing! success is always for you. :)
Thanks
This is getting ridiculous. The sonata car-coin.
One coin gets you an oil change.
IOTA and how Hdac, the generation of IoT is really around the corner
At the risk of a downvote I'm going to have to respectfully disagree with your comparison here. The entire unique value proposition of IOTA is that it has a tangle and not a block chain whereas this is blockchain based tech.
The tangle allows for free transactions (among other things) which in turn allows for a much greater network capacity at 0 cost. For any application where high frequency 0 cost transactions are needed this is in no way competitive with IOTA and that has always been IOTA's niche.
This project is a blockchain based technology targeting IoT applications, but from a technology standpoint it has much more in common with bitcoin than IOTA. I feel like any analysis of IOTA that doesn't mention the tangle is missing the core concept behind the currency.
Thank you for this post.
Being new to crypto investing I need to look into IOTA now, I didn't know it was about the IoT.
Thing is, having seen enough of the auto industry and some of that from the inside I have a lot of faith in Hdac, Hyundai have the best late to the party business model I have ever seen, it took them a while to build up speed but in the last 20 year's the have become a force to recon with. That will make Hdac a very interesting coin to follow IMO.
Yeah, I have a lot of faith in Hyundai too so definitely not saying this coin can't win out, just felt the author's comparison wasn't truly fair as IOTA is built on a pretty groundbreaking idea. IOTA also has some backing from CISCO/MSFT, and as of today a 3B market cap so it is definitely a real competitor to what Hdac is trying to do.
From an investment stand point I'd definitely research IOTA, its shot about about 35% today alone.
Nice, will do.
A fair comparison I must say!
I agree, tangle separates IOTA from HDAC and makes it unique and in my mind that increases it's potential!
droopy is precisely correct on the technical comparison between a blockchain and tangle orientation in the case of HDAC and IOTA. I will play devil's advocate for a moment however, as I do not believe these projects will necessarily develop based on the technological considerations alone.
At the end of the day, all of these crypto-projects are going to require a serious infrastructural investment with commensurate merchant support implementation. In other words, the protocols can be perfectly sound and utilitarian, but if there is no point-of-sale mechanism in play, then it's all theoretical. Hyundai has the capital at its disposal to close this practical implementation gap exponentially quicker than IOTA. It stands to reason that since they will stand to gain the most in this venture, they will be very motivated to throw their considerable industrial/commercial weight behind promoting (pressuring) merchants and vendors to accept their system.