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Author : Crypto Income Staff 9 September 2017
THE FUTURE OF INITIAL CRYPTOCURRENCY OFFERINGS. The next big thing in ICOs will probably be offerings connected to existing goods, services, products or companies. The WhopperCoin ICO created by Burger King Russia is an example of such an ICO. It is an ICO designed to promote the sales of an existing product, Burger King’s iconic hamburger, and raise funds for the company. Some future ICOs that are likely to be worth a lot of money will be those from large, well-known and well-respected organizations. Many established businesses including banks, insurance companies, investment banks, hedge funds, corporations and retailers are likely to issue their cryptocurrencies in the near future. A leader in the movement is Goldman Sachs (NYSE: GS), the giant Wall Street investment bank was granted a U.S. patent for a cryptocurrency called SETLCoin on July 11, 2017, Coindesk reported at https://www.coindesk.com/goldman-sachs-granted-setlcoin-cryptocurrency-patent/. The purpose of SETLcoins will be to serve as a market for digitized stocks
” Since Goldman Sachs had an enterprise value of $256.75 billion on September 1, 2017, and assets of $906.52 billion on June 30, 2017, SETLcoin is likely to be worth a lot of money.
Goldman Sachs’ stock was trading at $225.88 a share on September 1, 2017. That means SETLCoin might be the biggest ICO ever if Goldman Sachs ever holds a token sale for it. Nor is it just Goldman Sachs, a consortium banks that includes Bank of New York Mellon (NYSE: BK), Banco Santander (NYSE: SAN), The Deutsche Bank (NYSE: DB) and UBS Group (NYSE: UBS) is working on USC or Utility Settlement Coin, Market Mad House reported at http://marketmadhouse.com/bank-new-york-mellon-best-value-fintech/ . USC is designed to serve as a settlement tool for central banks. It is also designed to serve as the base of new wealth management tools and products for the rich. That mean USC might also be an incredibly valuable ICO. Shrewd investors should watch the financial news carefully because Wall Street, big tech companies like Apple and Google, insurance companies, hedge funds and similar organizations are likely to hold ICOs in the near future. Many corporations and banks will launch their own cryptocurrencies in an effort to hedge cash against inflation and reduce banking and payment transfer costs. Another use for altcoins will be to speed up money transfers.
THE FINAL FUTURE FOR ICOS. The final frontier in ICOs might also be the most lucrative. Some governments and central banks will probably hold ICOs in the near future. News stories indicate that several central banks at http://marketmadhouse.com/central-banks-adopt-digital-currencies/ including the People’s Bank of China (PBOC), Russia’s Central Bank, the Bank of England, and the Monetary Agency of Singapore have been exploring the possibility of issuing national cryptocurrencies. A proposal at https://medium.com/e-residency-blog/estonia-could-offer-estcoins-to-e-residents-a3a5a5d3c894 for Estcoin, a national cryptocurrency for the tiny European country of Estonia, has been floated online and has attracted the interest of Ethereum creator Vitalik Buterin. Government-token sales are likely to attract a lot of interest and money. Many investors will buy government altcoins they will view them as more secure and valuable than private issues. A strong possibility is that government ICOs might take the place of government bonds at some point. The potential for profit in ICOs is vast because we are only scratching the surface of this new investment class. More than a few new millionaires and some great fortunes will surely be created by initial cryptocurrency offerings.
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