NoLimitCoin (NLC2) is a Proof of Stake digital token designed to power online fantasy sports games and applications. NLC2 currently powers four different gaming platforms: Crypto Fantasy Sports; No Limit Fantasy Sports (NLFS); No Cost Fantasy Sports and NFL Stat Challenge. NLFS is a fantasy sports betting platform that created the NLC2 token so that it would not need to accept fiat currency, which NLFS notes will allow the platform to “navigate around restrictive gambling laws in the United States and other countries around the world.”
Etheroll is a dice game written as an Ethereum smart contract that is provably random, cryptographically secure, and provides Etheroll with a 1% house edge. Players send Ether (the bet) to Etheroll and bet that the number they chose will be greater than the number rolled by a 100-sided dice. Etheroll collects 1% of the payout to winning players as its source of revenue and the only other “fee” is the Ethereum gas charge. Holders of the native DICE token are entitled to vote on proposals from the Etheroll team and collectively they receive 100% of the profits earned from the game (the “Reward”). The Reward is paid-out during a 7-day “Rewards Period,” during which DICE tokens are frozen and non-transferable. To claim the Reward, holders must hold the tokens with their own private keys (i.e. not on an exchange) and connect to the Etheroll website using an Ethereum enabled browser (e.g. Mist, MetaMask) during the Rewards Period. During the 1st Rewards Period (August 7, 2017 – August 14, 2017), 1,400 ETH was available to DICE holders and more than 90% was claimed.
Edgeless is a decentralized casino protocol that plans to offer blackjack, dice, poker and sports betting games. The games will have a 0% edge for the house, meaning that players who play the game perfectly can be guaranteed a 50% chance of winning. Each month, 60% of profits are sent to the Edgeless team for development and 40% is sent to the “Edgeless Lounge” prize pool, a lottery style game where EDGE tokens lost during normal play are used to gain entry. Edgeless lost 26,793 ETH because of the Parity wallet hack but the developers believe it will only cause a slight delay in the platform’s rollout. In December 2017, Edgeless received a gambling license from Curacao, which is one of the easiest jurisdictions to obtain a gambling license. In January 2018, the casino was opened to the public.
PotCoin is the first digital currency created to facilitate transactions in the legalized marijuana industry. PotCoin was originally a fork of Litecoin with a few differences, such as shorter block times, a quicker halving schedule and an increased maximum supply of tokens. PotCoin was created by three entrepreneurs who went by the nicknames, Hasoshi, Mr. Jones and Smokemon 514. Mr. Jones (Joel Yaffe) and Smokemon 514 (Nick Iverson) have both revealed their identities, but Hasoshi’s identity is still unknown. On August 23, 2015, the PotCoin consensus mechanism was changed from Proof of Work to Proof of Stake Velocity, similar to Reddcoin.
Numerai is a decentralized hedge fund that crowdsources its quantitative analytics by using its native Numeraire token. Any data scientist can contribute to the fund by applying a predictive data model to a predetermined dataset, which could be anything from crop production rates, to sales numbers, to the price of gold. Data scientists submit their predictions to the platform and compete against each other in weekly tournaments. The accuracy of each model is quantified and ranked without data scientists having to share their actual models. After submitting their predictions, data scientists stake a number of Numeraire proportionate to their confidence level. If a prediction is proven incorrect, the Numeraire staked is retired by the protocol, deflating the total supply of tokens. If a prediction is proven accurate, the data scientist is rewarded with Ether. Numerai uses these predictions for its meta-model, which produces actionable trading ideas. Numeraire token holders do not share in any profits made by Numerai. The fund is led by Richard Craib, a former hedge fund quant featured on the Forbes “30 under 30” list.
MobileGo is a token used to gamify the GameCredits mobile platform by incentivizing loyalty and participation through rewards, such as coupons, free entry into tournaments and private beta testing of new games. There is a relationship between MobileGo and GameCredits in that many team members work on both projects and the funds raised from the MobileGo issuance will in part be used to fund the marketing and branding of the GameCredits platform. The goal is that success of that platform could lead to a large gamification platform, thereby increasing the value of MobileGo. GameCredits is a Proof of Work Scrypt token and the team believed that the gaming industry also needed a smart contract solution, which is what led to MobileGo. It is the first token to be simultaneously issued on both the Ethereum and Waves blockchains. Using a new technology comprised of a web interface, locked wallets and smart contracts on the Ethereum side, MobileGo is interchangeable between the two blockchains.
LBRY is a tokenized marketplace for creative content, such as movies, music and artwork. The platform uses the LBRY token for all transactions on its platform. The token was created as a fork of Bitcoin Core and received some backlash from the community due to its lack of innovation. Much like BitTorrent, the project counts with a network of nodes that store the digital content offered in the marketplace. At the time of writing, the LBRY blockchain is mostly empty and very few items are exchanged through the platform.
Humaniq characterizes itself as a humanitarian project targeting the unbanked; those not served by a bank or similar financial institution, and the underbanked; those with poor access to mainstream financial services. Its core components are an Ethereum-based mobile wallet and token, as well as a digital identity service that aims to assist distressed countries by providing an alternative to a national currency and identification system. It employs face and voice recognition to verify user accounts and allows users to instantly transact on their mobile devices.
DECENT is a decentralized network for publishing, distributing and consuming content based in Slovakia. The network’s DCT token attempts to enable publishers to create and disseminate content directly to consumers on the platform. DECENT uses a Delegated Proof of Stake consensus mechanism intended to be operated by key industry leaders. When new blocks are generated, payments are distributed to the authors, publishers, and themselves (for generating the block). The project has not experienced much development after its launch and key members of its team appear to be focused on other projects.
district0x is a cooperative of decentralized marketplaces and communities built on top of the Ethereum network. Districts, in the context of 0x, are decentralized entities that exist as Ethereum smart contracts and serve a specific community. Etherlance, for example, is a moderately popular job listing service for Ethereum professionals that exists as a district0x community. Such organizations can be built using d0xINFRA, an open source framework comprised of a smart contract library and powered by the Inter Planetary File System, or IPFS. The purpose of the district0x Network Token (DNT) is to allow for the participation and coordination of all members of network through a set of network governance tools. Improvement proposals, such as improving the district’s website, can be proposed by staking 1000 DNT. Participants in that district must then vote on the proposal by using their DNT tokens, and any user can challenge a proposal by staking the same amount. The framework for these governance tools is provided by the Aragon project, which specializes in protocol governance solutions.
Civic is an Ethereum-based identity management platform that compensates third parties, such as financial institutions, government entities, service providers, and individuals for performing online identity verification services. The project aspires to ease Anti-Money Laundering (AML) and Know-Your-Customer (KYC) compliance through an Ethereum smart contract . Civic was founded by Vinny Lingham, a South African entrepreneur who gained fame as one of the “sharks” on South Africa’s Shark Tank. Civic has secured several strategic partnerships with large organizations that plan to integrate Civic’s online verification technology. These organizations include, Augmentors, Bayonet Technologies, Bankcoin.global, BnkToTheFuture, BitGo, C.O.S.S., Doc.ai, Injii, Jaxx, Keynua, Lykke, Propy, REIDAO, ShapeShift, RSK, StockTwits, SweepSouth, TokenMarket, Turo, Inc., WikiHow, Xapo and Yola.
adToken is a ConsenSys-backed, ERC20 token designed to prevent fraud in the digital advertising industry. Ad sellers are often paid on a cost per mile (“CPM”) basis, where the number of impressions an ad receives directly affects the seller’s profitability. This model at times can be perverse, as sellers in the bottom of the supply chain are economically incentivized to knowingly serve ads to bots. adToken attempts to bring transparency to supply chains through its adChain registry system; a smart contract that stores domain names determined to be non-fraudulent by ADT token holders. The ADT token incentivizes holders to maintain the integrity of the adChain registry by voting publishers in or out of the registry based on the merits of these publishers. This enables advertisers to have a curated list of non-fraudulent publishers who are certified by the adChain user network (i.e. a "decentralized whitelist for digital advertising"). Twenty percent (200,000,000 ADT) of the total supply of adTokens will be locked-up for one year by the development teams at ConsenSys and MetaXchain. The full release of the adChain Registry voting protocol is scheduled for February 2019. In January 2018, the project performed a beta test with 250 participants on Ethereum’s Rinkeby testnet and it is expected to have a release candidate by Q1 2019.
Steemit is a decentralized social media platform that provides an embedded financial incentive for user participation. Initially launched in March 2016, Steemit borrowed from the “upvoting” model used by other social media platforms, like Reddit. Any user can post content and each upvote carries a reward that is pegged to the STEEM token at a fixed rate. This establishes a financial incentive to post high quality content and readers are also rewarded for their participation. Steemit was one the first blockchain-based applications that enabled users to benefit from blockchain technology, without requiring them to directly interact with it. According to STEEM’s block explorer, there are more than 170,000 Steemit wallet accounts. Steemit was created by Dan Larimer, the founder of BitShares, BlockOne, and EOS.
Status is a mobile Ethereum client that enables smartphones to interact with smart contracts on the Ethereum network. The platform also features a full-service messaging system where users can send their locations, audio files and images, in addition to Ethereum and other Ethereum-based tokens. Status aims to act as a gateway to the mobile versions of many existing Decentralized Applications. Its alpha version is available on both Android and iOS, and Status already supports uPort, Gnosis, Oasis Exchange, Ethlance, Aragon, Etherisc and Ujo. Since it is open source, Status enables any Ethereum application to be listed in its app. After the departure of Dr. Gavin Wood from the Ethereum foundation, the Status team took over the development of the Whisper protocol; an on-chain messaging system that features end-to-end encryption. The team is led by Jarrad Hope, and its advisors include Luis Cuende and Jorge Izquierdo, the founders of the Aragon project. Status investors include Bo Shen of Fenbushi Capital.
TenX is a tokenized wallet system that aims to leverage existing payment technologies to make digital tokens spendable anywhere. It proposes a debit card system that is connected to a user’s TenX wallet, thereby enabling digital tokens to be used through existing payment rails, such as MasterCard and Visa. The proposed debit card will not carry annual fees, spending fees, or exchange fees. TenX holders will share 0.5% of every transaction, which is paid in Ethereum, and is collected from merchants as part of a revenue sharing agreement with credit card partners. Debit card holders will receive a 0.1% reward for every transaction they make. Debit card users are also able to adjust the rules governing their accounts, such as spending and withdraw limits. The TenX wallet supports Bitcoin, Dash, Ethereum and ERC20 tokens. The project is backed by Fenbushi Capital, a Blockchain-focused VC, and was initially conceived at PayPal’s incubator.
Populous is a project built on the Ethereum blockchain that attempts to allow small and medium sized enterprises to sell outstanding account receivables at a discount to advance future cash flows. The project positions itself as a liquidity provider to companies on the brink of bankruptcy, and an alternative to credit markets. Populous intends to analyze and assess risks related to its users by looking at metrics such as the Altman’s Z-score, which looks at the probability of bankruptcy based on a variety of accounting metrics. This data is used to perform an “in-depth credit risk analysis on targeted potential borrowers, linked companies, and their customers.” There has been no evidence of actual use of the protocol, and the token’s Github repository only has code that pertains to token itself.
Siacoin is a distributed data storage network launched in 2013 with a business model comparable to existing cloud services like Google Drive and Dropbox. Rather than storing data on the cloud or a centralized server, data is encrypted, broken into small fractions and distributed across a decentralized network. The Sia token is the medium of exchange between buyers of data, who are looking to store their files, and sellers, who rent out unused disk space. By providing an economic incentive for participation, Sia aims to increase the pool of storage and reduce storage costs by matching buyers and sellers though a free-market system. The Siacoin Client was designed with different types of data providers in mind, from large capacity data centers to single computers. As with other storage tokens, once a file is uploaded to the Siacoin network, it is then encrypted and duplicated so that two copies of the same file always exist. These files are then split into smaller fractions and distributed across the network. The project was initially conceived at HackMIT in 2013 by Luke Champine and David Vorick, who later pursued development through Nebulous Inc., a VC-funded startup in Boston.
Metal is a mobile currency-conversion and payments platform built on the Ethereum blockchain. Through a user-friendly interface like Venmo, PayPal, or Square, Metal attempts to ease some of the frictions of making online payments using cryptocurrencies. Its app also enables peer-to-peer transfers of fiat currencies and digital tokens. The MTL token acts as a reward mechanism as users are awarded MTL tokens for platform engagement. The Metal platform is currently in the beta stage of development. The team is led by Marshall Hayner, the former CEO of Trees, advised by Bram Cohen, the creator of BitTorrent, and backed by Erik Voorhees, a cryptocurrency investor and the founder of ShapeShift.
Nxt is a platform for smart contracts and decentralized applications established in 2013 by a group of anonymous developers. It was the first digital token to employ a Proof of Stake consensus algorithm, which enabled new blocks to be added to the blockchain every minute. This architecture also introduced the concept of tokenized protocol governance, whereby stakeholders vote on protocol improvements in proportion to the number of tokens they hold. Nxt’s Proof of Stake consensus algorithm was extensively used by subsequent projects and at least 11 digital tokens were direct forks of Nxt. Both the Nxt blockchain and its client implementations are written in Java, arguably the world’s most popular programming language. Instead of storing private keys, users of the Nxt wallet use mnemonic keys, or passphrases, to access their funds from any computer in the network. The platform also features an on-chain asset exchange that enables users to exchange all Nxt-based tokens or shares (e.g. user issued assets), in addition to NXT.
MaidSafe is a Scotland-based company responsible for developing the SAFE (Secure Access For Everyone) Network, which launched in 2006. The SAFE network enables users of the platform to rent out unused disk space in exchange for Safecoin (MAID). The company performed a token sale in 2014, raising around $6M for the development of its tokenized data storage system. The project hopes to lower storage costs by increasing the pool of storage providers. Once a file is uploaded to the network, it is fully encrypted and duplicated so that two copies of the same file are always available. These files are then split into smaller fractions and distributed across the network. Files can only be decrypted using the private keys that were generated offline by the MaidSafe client, making it difficult for a file to be accessed by attackers. The project pioneered the use of Proof of Storage, which provides cryptographic proof of the existence of a file. Many projects currently exist to expand the compatibility of the SAFE network to include existing internet protocols so that websites can also be stored using the platform.