It seems there is no end in sight for initial coin offerings. Even though this industry faces a lot of scrutiny, the business model is still appealing. Most of these projects are part of the Ethereum network. Over time, we have seen some competing platforms emerge to offer similar functionality. It now seems two ICOs will be announced for the Stratis network. An interesting development, to say the very least.
Most cryptocurrency enthusiasts will know the Stratis project by now. The team focuses on adding more privacy to Bitcoin and their own blockchain alike. Few people are aware of how this particular blockchain can also be used for ICO purposes. It seems at least two projects will use this blockchain to organize their initial coin offering. According to the Stratis CEO, those projects will be unveiled before the end of January 2018.
Big Things are Coming to the Stratis Ecosystem
It is good to see competing platforms in the ICO industry. More specifically, the reliance on the Ethereum network may not be the best course of action. The network has suffered from transaction backlog on multiple occasions last year. Even in 2018, the network hasn’t always performed in an optimal manner. Other platforms, such as Waves and NEO, are also trying to get in on the ICO action. It will be interesting to see if any of them can gain sufficient traction in this regard.
With Stratis joining this club, things get even more intriguing. Although the project was not designed with this business model in mind, it certainly has a lot of merit. Stratis has been working on their ICO platform for quite some time now. With two projects already on board, things are off to a good start. One of the companies seems to be a major Chinese business entity. How all of this will play out, remains to be determined, though…