Hypethon Promises Long-Expected Transparency For ICOs

There are less than two weeks to go until the first ICO Hypethon event, sponsored by the Waves Platform and hosted in the magnificent Saint-Petersburg, Russia.

Sasha Ivanov, the CEO of Waves, says about the upcoming event:

“It’s fantastic to be able to welcome so much talent and experience from the Blockchain industry. It’s particularly encouraging that we are seeing interest from across a wide range of sectors, both in the digital and real-world elements of the economy. We’re also very pleased to see a strong media presence, again indicating rising interest, and we’re thrilled to be able to bring our viewers along for the ride.” 

Teams, Angel investors, sponsors, crypto enthusiasts and Blockchain industry experts are all preparing for the first Hypethon event. ICO Hypethon is a Blockchain hackathon, accelerator and incubator all rolled into one. The main focus of the event will be the execution of legitimate and transparent initial coin offerings. 

One of the event’s sponsors, Prosense, will be in charge of live streaming the event on Facebook and YouTube. Gregory Vasinkevich,  co-founder of Prosense, comments:

“The speed of development and implementation of new technologies is growing every year. The rapid development and distribution of cryptocurrencies is creating a new world economy. Prosense is proud to provide its technology to the first ICO-Hypethon festival: the event will be accompanied by a live broadcast in 2D and VR format available on all major media platforms.”

Angel investors will be contributing funding of up to $1.4 mln for worthy projects. To become an angel, one must purchase an angel’s ticket at hypethon.cryptofriends.io. Also, remember to use promo code “Cryptograph” at checkout to get a 25 percent discount. Angels will be traveling or watching the event online from all over the globe and will get the chance to meet with the pre-ICO teams at the Hypethon.  Interviewing the teams on request will be possible.

The following projects will be represented at Hypethon, with more still being vetted.

  • Cryptopay – a crypto asset debit card provider.
  • KickCity – a Blockchain-based events platform.
  • RunCPA – affiliate networking with Bitcoin payouts.
  • Rosenbridge Digital – a decentralized funding platform.
  • LegalORN – legal documents on a Blockchain.
  • jNet1 – an online platform for jewelry businesses.

There are over a hundred applicants and only 25 projects will make it through. The participating projects boast team members with solid backgrounds from existing businesses that are looking to expand their operations through Blockchain, as well as established Blockchain businesses which are looking to grow.

That is, for example, the case of Cryptopay, which is a powerhouse in the Blockchain community. They will use the Hypethon as a launch pad for expansion of multiple new services.

“There has been a lot of buzz surrounding the Cryptopay ICO and as a result, have decided to launch it during the Hypethon. We believe the Saint-Petersburg’s Hypethon is a perfect opportunity for such an event,” comments George Basiladze, a co-founder of CryptoPay.

CryptoFriends are also proud to announce a new team from the UK: Rosenbridge Digital. They have created the first decentralized funding platform to be FCA regulated in the United Kingdom. Adam Cuffe, the project director at Rosenbridge Digital, says:

“The experience and availability of resources at this groundbreaking event will be unmatched, and it is a great chance for us to showcase our business model and connect with people in the Blockchain community. We look forward to meeting face-to-face with investors and have the support of the Waves team over the long term.”

As ICOs are becoming riddled with scammers and con artists, events like Hypethon are important because they pre-screen the projects that present. This doesn’t eliminate the possibility of bad projects making it through, but it definitely makes it more difficult for them. Teams will have a few minutes for their opening pitch on Aug. 16 and after that, the Angels will be free to roam the Street Art Museum investigating the teams, their projects and their business models.

A panel of Blockchain experts will decide the top three projects on Aug. 17, but Angels are free to invest in any project they choose.

Source: Cointelegraph