ICO Review: Bee Token, X8, SocialX, Scorum, Crowd Genie, Social Media.Market
CORRECTIONS: Charles was being sarcastic when he said "Envion and INS are great projects". They are TERRIBLE projects in our opinion, please watch our other videos were we do in depth analysis on both projects
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From decentralized housing rentals on the blockchain to Ethereum-based lending platforms ICOs offer investors a high-octane strategy that has the potential to net them untold riches or mire them in loss and despair. In today’s episode we research Bee Token, X8, CrowdGenie, Scorum, Social Media Market and the SocialX ICOs and consider whether the markets they seek to serve are non-existent or over-saturated.
The cryptocurrency space is littered with new and exotic sounding investment vehicles - tokenize this, blockchain that, etc. No wonder new entrants to the market gasp in desperation as they try to decipher and filter out the incomprehensible! Each week, we look at six competing ICOs and ask whether they actually solve a problem, whilst comparing them to previous ICO projects. Supply and demand, basic economics and a sound understanding of market psychology are all taken into account and investigated by Coin Bloq.