ccFOUND compared to other cryptocurrency projects
The ccFOUND project is gaining its momentum. We are delighted to tick off the next pit stops in our schedule to finally provide a completely decentralized educational portal which will allow you to monetize your knowledge by publishing paid e-books, courses, training and reports. The ccFOUND platform will be a place for users who want to share their knowledge and for those who seek it. During the private sale and the still ongoing ICO process, we managed to collect more than $3.75 million. The total amount we collected as well as the results of individual investment rounds illustrate well the trust and commitment of our investors. We decided to compare these results with other cryptocurrency projects.
The way to raise funds to support development of ccFOUND is the ICO. Initial Coin Offering is one of the methods of collecting capital which enables further development. ICO is similar to crowdfunding but in ICO the community can invest in virtual tokens. Moreover, tokens are an investment, and their price may increase dramatically after entering the exchanges.
The private sale together with ICO resulted in acquiring USD 3.75 million from investors from over 40 countries! (December 15, 2021). And this is just the beginning! Shortly before the presentation of the MVP, we noticed an increase in interest in ccFOUND as a result we also want more!
Is almost $4 million a lot? By comparing our results with projects that are currently one of the most popular in the cryptocurrency market, you can be sure that the capital accumulated so far will allow us to continue working on the further development of the platform. How does the ccFOUND ICO look compared to other cryptocurrency projects? Let’s check it out!
NEO was founded by Da Hongfei and Erik Zhan in China in 2014. It was later renamed as NEO in June 2017. It is a blockchain-based platform that owns its own cryptocurrency and enables the development of digital assets and smart contracts. As a result, it is similar in some way to the American blockchain — Ethereum. The initial price of the Neo token was only 3 cents, however the record price is as much as $180. The startup carried out two ICOs — the first ended with a result of $550,000 and in the second one NEO collected $4.5 million. NEO’s current CoinMarketCap ranking is #68 and the market capitalization is equal to over $2 billion.
A decentralized platform based on a distributed blockchain ledger with a cryptocurrency called Ether officially launched in 2015. The creator of the project is Vitalik Buterin. He developed a platform that currently is a crowdfunding service, with an efficient and convenient payment system, which enables creating decentralized applications, smart contracts, as well as an unlimited number of virtual coins. The first price of the Ether token was around $0.30 and the project collected around $14 mln in the ICO. Ethereum’s current CoinMarketCap ranking is #2 and the market capitalization is close to $512 billion.
The platform was launched in August 2016, and its creator name is Chris Trew. Stratis is a BaaS (Blockchain-as-a-Service) platform that allows companies from the financial sector to create custom blockchain applications, while the software development process itself is as simplified as possible. Initially, the Stratis cryptocurrency was the STRAT token (now STRAX), which in the ICO project collected the equivalent of about $600,000. Stratiss current CoinMarketCap ranking is #303, and the market capitalization is close to $205 million.
An advanced platform for smart contracts created in 2017 that is similar to Ethereum. It is not a coincidence as the founder of Cardano is the co-creator of the Ethereum network — Charles Hoskinson. The platform is based on open-source software, and its ADA token allows its owners to co-decide on activities related to the functioning of the network. The project raised $62 million as part of the ICO. Cardano’s current CoinMarketCap ranking is #6 and the market capitalization is over $43 billion.
A cryptocurrency and blockchain-based platform that enables creating individual, completely customizable blockchains. The platform was created in 2016, and during the ICO it collected $800,000. ARK’s current CoinMarketCap ranking is #329, and the market capitalization is close to $230 million!
The data above clearly illustrates the fact that the currently largest projects in the modern technology sector started with a level comparable to the results achieved so far by ccFOUND.
Why is it worth considering investing in cryptocurrencies and believing in projects in the ICO phase?
- experts estimate that in 2025 the value of the global EdTech market will be close to USD 300 billion, which means that it is an extremely attractive industry for investors
- due to the ongoing Covid-19 pandemic, among the startups with the greatest development opportunities, there are many projects from the EdTech sector
- the Polish market is the 8th largest economic market in the European Union and the largest market in the FinTech sector in Central and Eastern Europe
- the domestic technological ecosystem is becoming more and more noticeable on global markets, mainly thanks to the international successful projects such as Brainly, Skriware, Novakid, Photon, or Coders Lab.
Blockchain-based startups are an environment where many different factors affect the final cost of a project. A number of projects are quite unexpected (the pandemic had a significant impact on the financial markets), therefore, it is difficult to clearly identify the project or cryptocurrencies in which it is worth investing. However, this doesn’t change the fact that for many years investors have been closely monitoring projects in search of profitable opportunities, and the popularization of blockchain and the cryptocurrency sector opens up a lot of interesting investment opportunities.