I would like to introduce a new ICO with - what I believe - has great potential.
Modum is a Swiss start-up based in Zurich. Modum was founded in 2016 by 3 Students. They already got an award: 1st prize in the "Future & Emerging Technologies" category at the Swiss "Kickstart Accelerator" promotion program.
Pilot projects with major players in Switzerlland were already successfully completed
MODUM works with the Institute for Computer Science of the University of Zurich.
They develope a technical solution to monitor the temperature during transport of medication. A sensor is enclosed in the medication package and records the temperature during transport. At the receiver the data of the sensor are then read out and transmitted directly to the Ethereum Blockchain and stored in it. Thus, they are counterfeit-proof and can not be changed later.
This technology is intended to reduce costs by as much as 50%, since, with the use of the usual refrigerated transports, medicines are also cooled, which would not necessarily be necessary. This is related to regulatory requirements, which provide temperature monitoring for all drugs, even for temperature-insensitive ones. Such medications could then be sent in the future simply by postal parcel including a sensor, which would mean a substantial cost saving. The hardware is just before the serial maturity and should already be fully functional in August. At this time, a deal with the Swiss Post may also come into being, which with the use of Modum sensors could gain additional additional package customers. So a win-win situation. Further sensors and application areas are planned for the future. The sensors could also be used for food delivery. Or light-sensitive sensors, which can determine whether the package has been opened during shipment. Or vibration sensors, which are attached to fragile transport goods such as glass or flat-screen monitors. There are already many ideas for a further development with different application areas.
How the ICO works:
First, there is a Pre-ICO. A maximum of 2.1 million of the 30 million tokens are offered. The discount is 50% on the issue price of USD 1.00. Thus, a total sum of USD 1.05 million can be invested at Pre-ICO.
Modum uses the blockchain in a meaningful way and is not some ERC 20 apptoken ….
The „real“ ICO should take place in September.
In addition to the development of various sensors depending on the application, Modum is also open to other crypto protocols. Thus the milestones are already defined, that IOTA, Tezos or another protocol for the connection of the sensors can be used in the future. The team does not want to commit to Ethereum for years and is flexible here.
I am not affiliated in any kind and this is not an investment advice. Please do your own research and make your own decision and/or ask competent financial advisers.
I would caution investors on ICO's that aren't registered with SEC. They run a High risk of the SEC shutting them down and leaving investors holding an empty bag!
SEC has said they consider ICO used for a cause, to be "Securities" and if they don't have a "Securities license" to sell them, the SEC will shut them down!
Be safe!
As always I upvote/follow/resteem those that do the same for me. Just don't spam my feed or will have to unfollow/mute.
You are right that you need to be careful. But SEC regulation is only in the US. Many avoid the US because of lawsuits. (and, as I mentioned, this is not an investor advice, but the idea itself is very, very good.)