ICOs This Week: VRT, 300cubits TEU, And Effect.AI ICO Review

VRT ICO Review: Global integration platform for VR

VRT is a VR (virtual reality) platform for the global integration of developers, consumers and business. Starting with their crowdsale on March 15th, 2018, VRT is planning on issuing 100,000,000 VRT tokens with a $16 million hardcap and $750 tokens on pre-sale. Through this project, VRT is looking to improve the end-user experience for all the VR users that, right now, are not being offered an optimal experience. The plan is simple, yet revolutionary; they have a VR reality game park that allows users to experience VR through a real experience. The plan? To develop eight more parks and partner up with others to build a whole new VR experience to the end-users. The possibilities are infinite with this project, even creating possibilities for future e-sports games that are all the rage right now.

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VRT’s project has great potential in today’s market. It has a solid team, an awesome target audience that will grow with time, and a plan that, if followed through, will pay off in the future.

300cubits TEU ICO Review: crypto for the shipping industry

300cubits TEU is a cryptocurrency designed as a booking deposit to fix the industry pain points of no-show bookings. With a crowdsale that will run from March 14th to April 12th, 300cubits TEU will issue 100 million TEU tokens. They are looking to obtain $18 million from crowdsale, with a hard cap of approximately $36 million. The problem they are looking to solve? The lack of trust between container liners and customers, which leads to no-show bookings. The TEU tokens will operate as a booking deposit for the shipping industry, a cost-effective trust-free performance bond to enforce contracts. The 54 million tokens will be distributed through the shipping industry users for free.

The project could solve a big problem for the shipping industry, which makes it appealing to various groups. 300cubits TEU has a strong team, they have interested parties, but still, need to develop the business plan a bit more. One thing to notice is that only 18 million tokens will be sold in the first round of crowdfunding; the other 20 million seems to be reserved for a possible second crowdsale.

Effect.AI ICO Review: decentralized network for AI

Effect.AI is a decentralized network for Artificial Intelligence. With a crowdsale that will start somewhere in March, 650 million tokens will be available for NEO or GAS only, and with a hard cap of $15 million. The project will have three phases: Phase 1 is being described as Mechanical Turk, an interactive marketplace that allows anyone to perform a wide range of tasks and receive fair payment so that AI developers and businesses can access this workforce of human intelligence to train AI algorithms. Phase 2, called AI Smart Market, is the decentralized platform where people can offer, rent and buy AI services on an open market. Phase 3, Power, provides a decentralized, distributed computational platform that will run popular deep learning frameworks.

Effect.AI is on the Neo network, so users must have a Neo wallet and Neo coin to buy in. The market for Artificial Intelligence is something that will definitely grow within the upcoming years, which is why projects like Effect.AI will be of a huge importance.   

Honourable mentions for WePower Binance Campaign

WePower is a blockchain-based green energy platform that enables renewable energy producers to raise capital by issuing their own energy tokens, which represent energy they commit to producing and delivering. As a result, energy producers can trade directly with the green energy buyers (consumers and investors) and raise capital by selling energy upfront, at below-market rates. Unfortunately, after being named Binance Coin of the Month, they were disqualified for manipulation.

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