Top 12 Crypto Startups to Watch in 2019

Financial IT

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Top 12 Crypto Startups to Watch in 2019

24.12.2018 12:00 pm

Looking forward from December 2018, one can see three reasons why the coming year will be a key one for crypto-currency companies.

If nothing else, the year will mark the 10th anniversary since the birth of crypto-currency, with the introduction of Bitcoin in 2009. That crypto-currencies have survived, if not necessarily thrived, suggests that they will stay around.

The second reason is that 2018 has been a brutal year for many crypto-currency traders and investors. At the time of writing, a Bitcoin can be bought for less than US$4,000. The price has fallen to levels not seen for 14 months. Bitcoin was never a unit of account nor, really, a medium of exchange. Now it is very unclear whether it is a store of value. The coming year will likely see much greater focus on what are the quantifiable benefits from any tradable crypto-currency.

The greater focus will come from institutional investors and traders who are looking for opportunities from crypto-currencies. Significant institutional participation is the third main reason why 2019 will be an important year.

This begs the question: what are the crypto-currencies to watch, out of the hundreds that have been launched by way of initial coin offerings (ICOs) since 2016?

To select 12 crypto-currencies that, we think, will provide a clear indication of major trends in the coming year, we began with a randomly chosen group of 100 companies that are no more than two years old. We then considered:

  • Market capitalization of the crypto-currency in question. All other things being equal, a high capitalization is a good thing.
  • The number of coins or tokens circulating in the market. Again, the greater the value, the better.
  • The governance structure of the blockchain that is being used. A decentralized structure is considered to be more reliable and secure than a centralized structure.
  • Other features that really differentiate the start-up or the crypto-currency from others.

The final 12 names were those that stood out across several, or all of these criteria.

We stress that we recognize the limitations of this approach. In particular, we do not suggest that any one of the start-ups are better than any of the others, or better than any start-ups that are not included in our list.

#1 EOS (Coin)

Founder(s): Brendan Blumer

Inception: 2017

Headquarter: South Korea  

Team size: 1-10  

Blockchain governance structure: Decentralized

Website: www.eos.io

EOS (EOS) is a blockchain protocol, authorized by its own cryptocurrency EOS. Founded by the creator of Steem and BitShares, the project’s ICO was in June 2017. EOS is similar to a decentralized operating system, which means that developers can build applications on EOS, using its native coins. In addition, the smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second.

#2 Binance (Token)

Founder(s): Changpeng Zhao, Yi He

Inception: 2017

Headquarter: Taiwan

Team size: 250-500

Blockchain governance structure: Centralized

Website: www.binance.com

Binance (BNB) is a token, issued through the Binance exchange platform, with headquarters in Taiwan. The company has marked a steady growth since its ICO in July 2017. Binance is notable for giving its users access to a robust set of trading tools, charts and security features. Furthermore, the company is expected to enhance the operations of the Binance exchange and its ecosystem in the near future.

#3 0X (Token)

Founder(s): Changpeng Zhao, Yi He

Inception: 2016

Headquarter: USA

Team size: 10-50

Blockchain governance structure: Decentralized

Website: www.0xproject.com

0x (ZRX) is an open and permissionless protocol that allows the ERC-20 tokens to be transacted on the Ethereum blockchain. Founded back in 2016, it enables online services to offer token trading capabilities to users without the need to hold user funds in its custody. The team behind 0x strongly believes that in the future, users will find thousands of tokens from Ethereum and that 0x can provide an efficient and trustworthy way to exchange them.

#4 Decred (Coin)

Founder(s): Alex Yocom-Piatt, Dave Collins, David Hill, Jake Yocom-Piatt, John Vernaleo, Josh Rickmar

Inception: 2016

Headquarter: USA

Team size: 10-55

Blockchain governance structure: Decentralized

Website: www.decred.org

Decred (DCR) is a crypto-currency that focuses on community input, open governance, sustainable funding, and development. It uses a hybrid “proof-of-work” and “proof-of-stake” mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. It claims that the integrity of the currency prevents people from making fraudulent transactions.

#5 TrueUSD (Token)

Founder(s): Rafael Cosman, Stephen Kade, Danny An 

Inception: 2017

Headquarter: USA

Team size: 10-50

Blockchain governance structure: Decentralized

Website: www.trusttoken.com

The flagship token of the TrustToken platform is named TrueUSD, and it claims to be a one-to-one exchange for U.S. dollars. TrueUSD is the first of what the team hopes will be many asset-based tokens on the TrustToken platform. It is a USD-backed ERC20 stable coin that is fully collateralized, legally protected, and transparently verified by third party attestations. It uses multiple escrow accounts to reduce counterparty risk and to provide token-holders with legal protections against misappropriation.

#6 Steem (Coin)

Founder(s): Ned Scott 

Inception: 2016

Headquarter: USA

Team size: 1-10

Blockchain governance structure: Centralized

Website: www.steem.io

Steem (SMT) is a cryptocurrency, used to power Steemit, an incentivized blockchain social media community. It is a digital asset, developed on the Steem blockchain platform, which can be launched by anyone to monetize online content. It is similar to Ethereum’s ERC Tokens, but with certain built-in “proof-of-brain” properties and a token distribution reward system that is specifically designed for the given area.

#7 Dentacoin (Token)

Founder(s): Dimitar Dimitrakiev

Inception: 2017

Headquarter: Netherlands

Team size: 10-50

Blockchain governance structure: Decentralized

Website: www.dentacoin.com

Dentacoin (DCN) is an Ethereum-based utility token, which can be easily exchanged with other crypto. It is the first blockchain concept, designed for the Global Dental Industry. Dentacoin develops market intelligence through a cryptocurrency reward system that inspires participation throughout the community. Also, it is the first crypto-currency that deploys a decentralized review platform and transparently rewards patients and dentists, who make contributions that benefit the community.

#8 Nebulas (Token)

Founder(s): Hitters Xu, Aero Wang

Inception: 2017

Headquarter: USA

Team size: 10-50

Blockchain governance structure: Decentralized

Website: www.nebulas.io

Nebulas (NAS) is a search framework for finding information on decentralized blockchains and smart contracts among the vast cryptocurrency market. The project highlights its self-evolving and upgradable smart contract capabilities. Nebulas contributes to solving challenges of interoperability, improving DApp quality and prevention of ‘hard fork or soft fork’. The Nebulas team is proud of good standing, tech advancements, and collaborative spirit that help to strive forward.

#9 Red Pulse (Token)

Founder(s): Jonathan Ha

Inception: 2015

Headquarter: Hong-Kong

Team size: 10-50

Blockchain governance structure: Centralized

Website: www.red-pulse.com

Red Pulse (RPX) is a tokenized research ecosystem that uses its own crypto-currency. It is an event-driven research startup that delivers its services in real-time via web portal red-pulse.com, iOS app, email and partner distribution platforms. This way Red Pulse provides analysts, investors, traders, and advisers with the edge, they need to make better-informed decisions, and its own cryptocurrency is there to enhance the process.

#10 QLC Chain (Token)

Founder(s): Susan Zhou

Inception: 2017

Headquarter: Singapore

Team size: 1-10

Blockchain governance structure: Decentralized

Website: www.qlc-chain.com

QLC Chain (QLC) is a crypto-currency, designed to facilitate the peer-to-peer transactions of telecom services on the platform. Users need to pay QLC tokens to use services, provided within the QLC ecosystem. It is the next generation public blockchain for decentralized Network-as-a-Service providers. The QLC Chain and supporting ecosystem enable any individual, business, or organization to leverage infrastructure and mobile network resources to instantly become a service provider or network operator.

#11 Dropil (DROP) Token

Founder(s): Zachary Matar, Jeremy McAlpine

Inception: 2018

Headquarter: USA

Team size: 1-10

Website: www.dropil.com

Dropil (DROP) is an autonomous trading investment platform that brings autonomous financial planning and investing to the cryptocurrency world by offering long-term investments, short-term investments, and retirement plans, claiming that they are better than any investment opportunity in the world. The team strongly believes that the best work comes from the heart without decisions being diluted by boards of directors. This allows staying focused on the goals and delivering the best value.  

#12 Tokenomy (Token)

Founder(s): Oscar Darmawan

Inception: 2018

Headquarter: Singapore

Team size: 10-50

Blockchain governance structure: Decentralized

Website: www.tokenomy.com

Tokenomy (TEN) is a worldwide token platform for crowdfunding, loyalty points, and reward programs. Its goal is to create financial inclusion and provide access to anyone, who wants to be connected with alternative funding and global innovation. In addition, it is a one-stop tokenization platform that allows individuals or corporations to generate, distribute, and exchange their tokens. Tokenomy also provides a marketplace for other valuable tokens to be listed and traded on the crypto-only exchange.

 

Read the full report here.

 
Sources:
https://coinmarketcap.com/
https://walletinvestor.com/forecast/0x-prediction
https://investinghaven.com/crypto-blockchain/5-must-read-cryptocurrency-predictions-2019/
https://www.telegraph.co.uk/technology/digital-money/top-10-popular-cryptocurrencies-2018/
https://www.moneysmart.gov.au/investing/investment-warnings/virtual-currencies
https://cryptoslate.com/coins/eos/
https://eos.io
https://www.forbes.com/sites/forbesfinancecouncil/2018/08/02/how-to-start-investing-in-cryptocurrency/#6529d9d45d75
https://medium.com/insightsaltaperformance/in-crypto-economy-governance-is-key-8fb5430f7972
https://www.cnbc.com/2018/11/23/cryptocurrencies-have-shed-almost-700-billion-since-january-peak.html
https://www.cnbc.com/cryptocurrency/
https://www.investopedia.com/tech/most-important-cryptocurrencies-other-than-bitcoin/
https://www.theguardian.com/technology/2018/jan/29/cryptocurrencies-bitcoin-blockchain-what-they-really-mean-for-our-future
https://www.crunchbase.com
 

 
 

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