Top ERC20 token projects to invest in right now

Six interesting ERC20 projects to invest in right now

In the last few months our editorial team have been flooded with pitches from a variety of token based startups. We’ve read white papers on everything from blatant scams through to fairytale ideas and everything in between.

As an investor it can be hard to cut through all this clutter and find the next big token, especially one that will make a good return on your investment. This is getting considerably harder with scammers becoming more creative when their marketing techniques and ideas.

That said every so often we do come across innovative blockchain projects that genuinely fix a problem and are set to revolutionise their respective industry.

Our team have researched six promising ERC20 tokens backed startups we think will make great investments.

HelloGold

hellogold logoHelloGold is not a Blockchain firm you might be familiar with, despite the company raising just over 17,000 Ether in a token sale earlier this year.

The project aims to simplify the purchase and management of Gold through a smartphone app for low to medium income customers based in poorer parts of the world.

Built on the Ethereum blockchain the project helps do what traditional gold investing cannot – it provides greater transparency and security for gold owners and verifies the amount of gold being held by each person whilst cross-checking with daily gold list custodians who physically store the gold in a fully insured vault in Singapore.

Why is this important? It means every gram of gold only has one owner and is completely traceable.

HelloGold have already delivered on many fronts. Their app is already available to download on Google Play and gold purchase trails are already unddrway in Malaysia.

They have also recently partnered with blockchain startup Aeon credit who have agreed to provide financing to customers at competitive rates.

It’s the first certified Shariah compliant online gold platform in the world, during the token sale they attracted investment from heavyweight venture-capital firm Fenbushi Capital with Bo Shen from the firm also joining the advisory board.

As for the team it includes CEO Robin Lee who is the former CFO of the World Gold Council with a strong background in financial roles.

Roger Ward also has vast experience working in the gold industry, having most recently worked at the World Gold Council developing strategy and managing complex projects in London. Other team members have come from roles at the Royal Bank Scotland Group, Wolff Olins PLC, AEON Group and Wykeen Seet was the VP at Bangkok Bank in Thailand.
At the time of writing one HelloGold (HGT) costs $0.008512, making it a bargain.
It is currently trading on EtherDelta, HitBTC and Coss.

https://www.hellogold.com/

Cindicator

cindicator logoCindicator is a decentralised analytics platform powered by ‘hybrid’ intelligence. The project raised a cool 55,569 Ether in the token sale earlier this year with over 4,000 participants.

Cindicator uses the wisdom of the crowd to determine answers to market changes. By aggregating opinions from a wide range of forecasters in different countries with different professional backgrounds, personal experience etc the platform can accurately quantify and provide accurate predictions when hedging trades.

The team behind Cindicator is what makes it a very promising token to watch. Names include Charlie Shrem COO at Jaxx, who is also a founder of the Bitcoin Foundation, Anthony Diiorio Founder at Jaxx and Ethereum, Marcus Killick Chairman of the Gibraltar Stock Exchange, Evan Cheng Director of Engineering at Facebook, Anton Govor head of strategy at Moscow Exchange, CFO and co-founder of changelly Konstantin Gladych.

The current price of one CND token is a steal at $0.016822. Trading is taking place on both HitBTC and Mercatox.

https://cindicator.com/

VeChain

vechain logoEstablished two years ago in Singapore VeChain is a product management platform built on the Ethereum Blockchain. They aim to revolutionise how products are processed through the supply chain by simplifying how manufacturers manage, collect and share data with vendors and consumers.

VeChain is already making waves by securing some very promising partnerships. Recently they were accepted into an incubation program launched by accounting giant PricewaterhouseCoopers (PwC). They have also partnered with the world’s largest freight company, Kuehne & Nagel. The firm has a yearly revenue of around $21 billion. VeChain will help smartify parcels with chips linked to data held on the Blockchain to make tracking, managing and global collaboration more efficient.

VEN token is currently trading on Binance, Liqui, HitBtc, Coss, OpenLedger DEX, Kucoin and EtherDelta at $0.25 per token.

https://www.vechain.com/

Tronix

tronix tron logoBeijing-based blockchain startup TRON is a protocol for the global digital entertainment industry. It provides developers with the infrastructure for app development and smart networks which in layman’s terms means TRON is developing a worldwide free content entertainment system built on the blockchain which will enable users to publish, store and own media in a decentralised manner.

Tron’s founder Justin Sun is no stranger to the entertainment industry and was named in Forbe’s China 2015, 30 under 30.

He was also a former Chief Representative at Ripple and has since turned Peiwo, a streaming app into the leading live-streaming app in China. He will also bring the apps 10 million active userbase into the TRON ecosystem giving the project a solid user base from the get go.

Other members of the team include Jihan WU, CEO of Bitmain, Shuoji Zhou, partner of FBG Capital, Chaoyong Wang and founder of ChinaEquity Group.

The price of one TRX is currently $0.001956 and can be purchased on Binance, Liqui, Gatecoin, Mercatox, HitBtc and EtherDelta.

https://tronlab.com/

Request Network

request.network logoFin-tech firm Request Network has made waves in the last couple of months when it raised a cool $33,600,000 in their initial coin offering. Unlike many Blockchain firms they were actually founded in 2015 and started receiving support very early on from ING bank. Request Network aims to become a decentralised network for payment requests allowing businesses or anyone for that matter to request monies from just about anywhere. It is looking to position itself as a payment provider like paypal, stripe etc with one of its main uses being invoice management on a distributed ledger.

Notably Request Network was the first ICO to be incubated by the well known American-based seed accelerator YCombinator.

Not only is Request Network utilising the Ethereum Blockchain but also other technologies including Civic, Aragon and 0x. The team behind Request Network also have great experience in the finance industry having founded money transfer service Moneytis. Gilles Fedak co-founder of iEx.ec also sites on the advisory board.

As blockchain starts being implemented into mainstream services it is crucial that tools and services are available to simplify and automate migration from traditional billing and invoicing systems through to blockchain based approaches. We Request.Network will be that bridge.

Request Network is trading at $0.054420 per REQ token on Binance, Kucoin, Liqui, Gate.io, EtherDelta, Mercatox and IDEX.

https://request.network/

Utrust

utrust logoSimilar to Request.Network and dubbed the “payments platform of the future” Utrust aims to take the benefits of PayPal and weave them in to Blockchain technology to create the ultimate online payment gateway that will protect buyers with mediation and sellers.

Utrust is a member of the Crypto Valley Association and is also supported by the Swiss government.
The team behind Utrust come from a variety of backgrounds including finance, banking, UX and cyber security.

The price of one Utrust token is just 6.5 cents through the crowdsale and is expected to be trading on EtherDelta very soon.

https://utrust.io/

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Interview with HelloGold CEO Robin Lee: Bringing Blockchain and Gold to millions of people across Asia.

Robin Lee CEO Hello Gold

Hello Gold is a Shariah compliant gold investment app that allows anyone to buy and sell Gold hassle free. Its built on the Ethereum Blockchain with an aim to help the millions of low to medium income people from emerging countries save in Gold as apposed to their unstable local currency.

We spoke with Robin Lee, the CEO of HelloGold(former CFO of the World Gold Council) to find out more since the successful token sale which raised 17,149 ETH.


Can you briefly explain what HelloGold is?

“The amount of money in a person’s wallet should not be a barrier to his ability to access financial products that the rich enjoy. HelloGold wants to remove affordability and accessibility from the equation through the democratisation and digitisation of financial saving and loan products using real assets starting with gold” Robin Lee CEO HelloGold.

HelloGold has created an easy way for mass market customers to preserve their wealth by buying gold through a secure mobile app

How do customers purchase Gold, do they have to buy HelloGold tokens? Or only in RM1?

HelloGold is currently only available in the Malaysian market – we have plans to expand in 2018. For our customers, there are 2 ways to buy gold:

HelloGold app customers can log in and buy gold 24/7 once they have cleared the KYC process and topped up the app with cash using online banking. Prices track global market spot price and are updated every 5 minutes throughout the day. App customers can buy from as little as RM1. Customers buy, store and sell the gold which is physically vaulted down in Singapore. They can also gift the gold to another account holder, have the gold physically delivered or take a collateralised loan against the gold.

For people that are comfortable using crypto currency, HelloGold has recently launched our gold-backed token (GBT). Each GBT is fully backed by 1g of PAMP 99.99% investment grade gold vaulted in Singapore. GBTs will be available for purchase directly from HelloGold over the next few months to enable us to gauge demand

Why is Blockchain technology needed for buying Gold? What benefits does it provide to the consumer?

HelloGold uses blockchain technology to provide 3 benefits:

Transparency

By publishing the smart contracts and incorporating a blockchain explorer (transaction navigator), it will be possible to review the full list of anonymised transactions and calculate the amount of gold that HelloGold is holding on behalf of customers. This, in turn, can be compared not only to the amount of gold published in the customer gold list (anonymised) but also against the records managed by our custodian.

Security

HelloGold has incorporated several security mechanisms to protect customer accounts. All connections are encrypted using HTTPS. Internal API calls between the core components are secured with additional secret keys and firewall rules that limit interactions between trusted systems. For external facing APIs, for example APIs used by our mobile application, the API calls are further secured with a combination of industry standard OAUTH and secure tokens for each mobile device. The addition of a distributed record adds a further level of security from internal and external attempts to alter account data without leaving an audit trail. The smart contracts are being developed with best practices in mind following constant review of public audit documents. This should ensure that customer accounts are true and accurate.

Access

In addition, the Ethereum smart contracts enable HelloGold to create GBT, tradeable on any exchange which accepts them.With HGF’s gold-backed token everyone will only need the equivalent of a fraction of a dollar to save through gold (GBT works to 18dp). This will make the HelloGold platform available to everyone anywhere in the world

Do you think HelloGold will change how we buy gold in the future?

We are only at the start of our journey to impact the lives of the underserved and unbanked in emerging economies. Since our public launch in April, HelloGold has changed the way for over 4,000 customers when it comes to wealth preservation by providing a modern, convenient and cost efficient access to gold.

We have ambitious plans to expand the use of the product with both new partners and into new markets, to change how more people are able to access affordable financial products that were previously only accessible to the wealthy

Can you share any future plans or partnerships ?

We outlined our expansion plans in the whitepaper that we wrote for the recent token sale, full details can be found there.

In short, HelloGold plans to expand into new geographic markets, specifically Thailand, China, Indonesia and Philippines plus expand the product with new features/technology, asset classes (eg silver/platinum), partners which will enable us to serve new customer segments.

We are also increasingly approached by potential partners in other regions like the Middle East, Eastern Europe and Central Asia as well as Africa to consider expansion into those markets.

Who’s your target market for the app?

The ultimate customers of HelloGold’s platform, are those are not well served by their existing financial institutions and the unbanked. Financial institutions already provide a variety of easy ways for the high net worth and mass affluent market segments to invest in assets like gold so that they can diversify risks at the portfolio level but they do not enable the less affluent customer the same access. HelloGold targets two key market segments: the consuming middle class and the emerging middle class. In ASEAN and China alone, these two groups comprise 55% of the total labour force of 814m people. They saved approx. $505b in 2016, of which we estimate that $212b was in cash deposits.

Why are you running HelloGold on the Ethereum Blockchain over other similar technologies ?

HelloGold is using Ethereum as it is currently the most widely accepted platform that offers all the benefits of a blockchain (full traceability, non-repudiability etc.) and multiple source language implementations that encourage integration. Ethereum will handle only the parts needing consensus, transparency and accountability. Other services will continue to be provided using existing technology.

HelloGold needs a transactional blockchain with a powerful system of smart contracts which have the ability to ensure that a transaction can combine with the results of previous transactions to provide auditable consistent results. To date, Ethereum is the only stable system that has achieved widespread adoption. The decades of experience of our senior development team tell us to avoid anything experimental to run a live system.

Will you be expanding into other metals such as Silver?

Yes. We intend to create other real asset-backed tokens over the next 12 months.

What are you looking forward to in the blockchain space in 2018?

In HelloGold we are looking forward to moving our app backend onto the Ethereum network to provide our customers with greater security and transparency over their gold holding.

HelloGold intends to add different real asset backed tokens and providing more support to entities which support the twin objectives of 1) increasing mass market use of blockchain technology and 2) democratising access for the underserved and unbanked to financial products through the digitisation of these products.

Overall, we think that the blockchain space will continue to develop and mature through 2018. If the pace of change is as rapid as 2017, the industry will be significantly different at this time next year

HelloGold App Google Play:

https://play.google.com/store/apps/details?id=com.hellogold.app&hl=en

HelloGold App Store:

https://itunes.apple.com/my/app/hellogold/id1193095204

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