Unusual ICO: who conducts them and why

ICO technology, business, tangible assets we meet regularly. But there are those who went further and decided to hold an ICO of the city, country and even himself. Five examples of such projects were reviewed.

ICO Venezuela
In December 2017, Venezuelan President Nicolas Maduro announced the launch of the national cryptocurrency petro in support of the country's economy. On January 14, he issued a decree on the issue of the first 100 million national tokens of the ERC20 standard, which will be issued on The Ethereum blockchain. White paper of the national project was released in the same month — January 30th.

"ICO Venezuela" is scheduled for March 20, 2018, presale will be held from February 20 to March 19. In total, during the ICO, 44 million tokens will be offered, secured by the country's natural resources — gold, oil and diamonds. Each petro will be equal to the cost of one barrel of Venezuelan oil or $60.

ICO Berkeley
The authorities of the us city of Berkeley, California, plan to hold an ICO to provide housing for the poor and help the homeless, as well as to make the city less financially dependent on the Federal budget. This idea came after the recent statements of US President Donald trump on the planned tax reform, which will cut Federal funding for some of the cities in which the list is entered and Berkeley. On ICO project work a member of the city Council of the city of Ben Bartlett, the mayor of Berkeley Jesse Arreguin, experts from the blockchain laboratory, University of California at Berkeley, as well as FINTECH-startup Neighborly.

According to preliminary data, the tokens of Berkeley are secured by bonds from the municipality, and their holders will be able to pay for their purchases in shops and restaurants, as well as to pay tokens for renting apartments. Berkeley becomes the first city that will be campaigning for takesall.

ICO Evan Prodromou
Canadian developer Evan Prodromou in October last year the ICO held, during which investors could buy a token Evancoin. This token can be exchanged for the time that the developer will spend for advice or assistance in creating any project. One Evancoin equal to one astronomical hour. On October 18, 2017, each token cost $ 45. But Prodromu assures that if you contact him personally and ask for a few tokens, he can issue them absolutely free.

Evan Prodrom founded such successful projects as Wikitravel and AI-startup Fuzzy.ai. In this regard, it is often appealed to entrepreneurs and other developers for advice or advice. Thus was born the idea of launching their own token, which can be paid the time or save for the future.

ICO of the first Jewish community
At the end of November 2017 held tocancel blockchain project BitCoen. This project plans to unite Jewish communities around the world and create a number of interconnected projects designed to improve the life of Jewish communities. So, Ben token became the first "kosher" cryptotoken, business platform and system of services.

The project will be developed and launched: wallet Bitsoen, loyalty program, payment acceptance system, business marketplace and advertising platform. The token will last until February 15, 2018, during which 20 million BEN will be available at a price of $1 per token.

ICO of the Islamic community
In early August 2017, the Waves platform launched the Halal project, in support of cryptocurrency for representatives of the international Islamic community, which numbers more than 1.5 billion people. As part of the project, the organizers plan in 2018 to launch a public blockchain with a convenient interface and cryptocurrency to support the digital economy of the project. During the presale, the project raised more than $ 5 million.