What are some ICO projects in India?
Imagine the potential for growth when I tell you that India despite being one of the fastest developing countries in the world has seen only 0.5% of its massive 1.3 billion population dealing in bitcoin or other cryptocurrencies. The fact that India is a developing country helps a lot too since such nations are the ones most open to technological and financial innovations as this (blockchain and digital currency). Which makes us curious for knowing the latest and biggest blockchain based projects being worked upon at this time in this nation.
Although VCs have being the biggest source initial investments for startups in general everywhere in the world, crowdfunding has come out on top in this storm brought by these blockchain based projects as the major source of investments for these startups built on this new tech. ICO (Initial Coin Offerings) has proved to be a prominent tool for collecting money for bootstrapping these projects with crowdfundings. So today I'll be talking about a few such promising upcoming or ongoing ICOs in this post.
Starting with the much in talk right now - Bitindia, founded by Saumil Kohli "a blockchain wallet & a crypto exchange for the streets of india" as they state and most importantly with major interest shown in by John McAfee himself who is an official partner and advisor of the project. Public pre-sale of their taken started on 11 October and is still in process. I would recommend you to go through their whitepaper and registering process to hold some Bitindia tokens as it looks good.
While Bitindia and most of the ICOs we see lift up heavy amount of money solely on the basis of their idea and team behind it, there are others which are backed by a much stronger and reliable base like Ripple, founded by some Wall Street crypto enthusiasts and backed by increasing number of banks all over the world. While Ripple's ICO is a couple of years old past there is still much hope for you to invest in such upcoming reliable projects and mint easy money out of it.MilkCoin is one such upcoming ICO. The project is designed to attract investments to the construction of a commercial dairy farm in the territory of the Voronezh region in the Russian Federation. Since there is a shortage of dairy products in this country the project is of particular importance here. It offers decentralised direct investments through the purchase of MilkCoin.
Finally I would like to introduce you to one such similar physical asset backed ICO from India - RanchiMall ICO. Ranchi Mall FZE is offering 21 million tokens representing 1% of its equity as a blockchain contract executed on FlorinCoin blockchain. The offering is a continuous offer with a term of 3 years from the initial date of offer that is from October 7 2017. 1 token represents a proportional portion of total token asset pool where the pool consists of 1% of share capital of Ranchi Mall FZE, an incorporation in Fujairah UAE. Read their white paper to know more about them.