CyClean is Outperforming Almost Every ICO of Early 2018
2018 has been an exciting year for cryptocurrencies and ICOs. According to a report by icorating.com, over four hundred projects have launched ICOs in just the first quarter of 2018. Why don’t we examine the statistics of these ICOs and see how CyClean compares. I have a feeling you’ll be impressed.
Legal Matters
ICOs can encounter many difficulties. One of them is the legality of their token sale campaign. Out of the 412 ICOs that launched in the first quarter, 109 of them did not have a legal entity during the time of their ICO. About one-fourth of ICOs did NOT have a legal entity. This can be problematic, especially with governments closely scrutinizing cryptocurrencies. While this may have been a problem for some projects, CyClean had absolutely no issue regarding legality. We do have a legal entity and have done everything the right way.
Development and Business
One major criticism of ICOs is the lack of an actual product. ICO projects usually enter the arena with an idea, a website, and a whitepaper. However, they do not have a product. And this is not only my opinion. The report from ICO Rating shows that 46.6% of the total projects “had no development before their ICO campaign.” That’s almost half without a single product! Another interesting fact is that that only 9% of the total projects had a working business before the initiation of their ICO.
What about CyClean? CyClean already had a working product before its ICO. Not only one, but several, including the electric scooter and the IMBIKE. The CyClean rental ecosystem, which allows for mining, was already designed and completed long before the token sale. Also, CyClean has had a functioning business for quite a while now. If you look at these aspects, you can tell that CyClean is different from other projects. We’ve done all the development before we started selling our tokens. How many projects fulfill both these criteria? I don’t think there are that many.
Post ICO Performance
What happens after the ICO? You guys may remember the case of Prodeum, the infamous project that exit scammed after collecting a ton of money. It is important to observe how a project performs after the ICO comes to an end. One good sign that a project is active is in the team’s efforts to list on an exchange. Usually, it takes some time before a project is listed on a big exchange. While this is the common case, CyClean was different. Even when CyClean was entangled in the Binance incident, the CyClean team remained true to its cause. Soon after the end of the ICO, CyClean was listed on Dobi trade exchange, one of the world’s largest exchanges in terms of 24-hour trade volume.
Some of you may be thinking, “Okay, it’s just an exchange listing.” Let’s say that this statement is true. Then how can we measure a project’s success? One way we can gauge a project’s success is through the price of a cryptocurrency after it is listed on an exchange.
Take a look at this chart. The information tells us that 83% of tokens were traded below the ICO price after being listed on an exchange.
What this means is that coins are dumped after the ICO, as people don’t have faith in their investments. What about CyClean, you ask?
This image should explain it all. On the first day of listing, CyClean jumped by 700%! That’s seven times its ICO price. CyClean is one of the rare coins to rise in this bear market. What is even more spectacular is the fact that 83% of ICO lose their value. CyClean proved that it is different from other coins, and investors seem to be aware of this. Investors saw how well CyClean handled the problem with Binance and seem to have more confidence in the CyClean project. Did CyClean step on the brakes after the first day of listing? Not at all. CyClean continued its upward trend and is currently trading at 13 times its ICO price.
Conclusion
In this post, we looked at the legality, development and business, and post ICO performance of ICO projects from the first quarter of 2018. Here’s what we learned today. First, CyClean has all legal matters under control. There is no issue whatsoever. CyClean also had development completed prior to the ICO and was already existing as a business entity. CyClean was one of the hottest ICOs of 2018 as seen in its excellent performance upon its first exchange listing.
We’ve given you the facts, and how you rate CyClean is your call. We think after reading this post, you’ll be more inclined to supporting our project.
The CyClean team is preparing for bigger things in the future. We will stick to our plans and roadmap and deliver the best results for you guys. We are also working on resolving the issue with Binance. If you haven’t seen this informative video, please check out the link here: https://www.youtube.com/watch?v=jPxcQoaGNFE
Thanks for reading, and have a CyClean day!
** For more information about CyClean, please visit our website at cyclean.io.
Legal Matters
ICOs can encounter many difficulties. One of them is the legality of their token sale campaign. Out of the 412 ICOs that launched in the first quarter, 109 of them did not have a legal entity during the time of their ICO. About one-fourth of ICOs did NOT have a legal entity. This can be problematic, especially with governments closely scrutinizing cryptocurrencies. While this may have been a problem for some projects, CyClean had absolutely no issue regarding legality. We do have a legal entity and have done everything the right way.
Development and Business
One major criticism of ICOs is the lack of an actual product. ICO projects usually enter the arena with an idea, a website, and a whitepaper. However, they do not have a product. And this is not only my opinion. The report from ICO Rating shows that 46.6% of the total projects “had no development before their ICO campaign.” That’s almost half without a single product! Another interesting fact is that that only 9% of the total projects had a working business before the initiation of their ICO.
What about CyClean? CyClean already had a working product before its ICO. Not only one, but several, including the electric scooter and the IMBIKE. The CyClean rental ecosystem, which allows for mining, was already designed and completed long before the token sale. Also, CyClean has had a functioning business for quite a while now. If you look at these aspects, you can tell that CyClean is different from other projects. We’ve done all the development before we started selling our tokens. How many projects fulfill both these criteria? I don’t think there are that many.
Post ICO Performance
What happens after the ICO? You guys may remember the case of Prodeum, the infamous project that exit scammed after collecting a ton of money. It is important to observe how a project performs after the ICO comes to an end. One good sign that a project is active is in the team’s efforts to list on an exchange. Usually, it takes some time before a project is listed on a big exchange. While this is the common case, CyClean was different. Even when CyClean was entangled in the Binance incident, the CyClean team remained true to its cause. Soon after the end of the ICO, CyClean was listed on Dobi trade exchange, one of the world’s largest exchanges in terms of 24-hour trade volume.
Some of you may be thinking, “Okay, it’s just an exchange listing.” Let’s say that this statement is true. Then how can we measure a project’s success? One way we can gauge a project’s success is through the price of a cryptocurrency after it is listed on an exchange.
Take a look at this chart. The information tells us that 83% of tokens were traded below the ICO price after being listed on an exchange.
What this means is that coins are dumped after the ICO, as people don’t have faith in their investments. What about CyClean, you ask?
This image should explain it all. On the first day of listing, CyClean jumped by 700%! That’s seven times its ICO price. CyClean is one of the rare coins to rise in this bear market. What is even more spectacular is the fact that 83% of ICO lose their value. CyClean proved that it is different from other coins, and investors seem to be aware of this. Investors saw how well CyClean handled the problem with Binance and seem to have more confidence in the CyClean project. Did CyClean step on the brakes after the first day of listing? Not at all. CyClean continued its upward trend and is currently trading at 13 times its ICO price.
Conclusion
In this post, we looked at the legality, development and business, and post ICO performance of ICO projects from the first quarter of 2018. Here’s what we learned today. First, CyClean has all legal matters under control. There is no issue whatsoever. CyClean also had development completed prior to the ICO and was already existing as a business entity. CyClean was one of the hottest ICOs of 2018 as seen in its excellent performance upon its first exchange listing.
We’ve given you the facts, and how you rate CyClean is your call. We think after reading this post, you’ll be more inclined to supporting our project.
The CyClean team is preparing for bigger things in the future. We will stick to our plans and roadmap and deliver the best results for you guys. We are also working on resolving the issue with Binance. If you haven’t seen this informative video, please check out the link here: https://www.youtube.com/watch?v=jPxcQoaGNFE
Thanks for reading, and have a CyClean day!
** For more information about CyClean, please visit our website at cyclean.io.
