Rilcoin ICO: what to expect

There is a new entry to the ICO-sphere, with the rilcoin ICO launching today. The company promises to reshape how blockchain is used, shifting focus from money transfer to being an actual investment and financial instrument similar to fiat currency.

How might Rilcoin tokens be received?

In order to know what to expect from the Rilcoin ICO, you should consider how investors are going to receive the Rilcoin concept. Previous cryptocurrencies have focused either on replacing fiat currency (litecoin) or providing a decentralized cloud storage service (Filecoin). Instead, Rilcoin is the first cryptocurrency to support asset management systems.

Considering the rise of smart devices through the Internet of Things (IoT) as well as microelectromechanical systems (MEMS), there is a need for a more efficient system. So far, we have only been warned against the dangers of such systems – how they are susceptible to hackers and how to protect ourselves. Rilcoin aims to eliminate this fear through the use of blockchain technology.

In the years blockchain technology has existed, the concept has never been challenged since it is a self-correcting system. Therefore, Rilcoin promises to solve these issues once and for all by creating a secure and fast system to handle all the use cases.

However, the uses for Rilcoin are still conceptual rather than actual. It may be true that IoT, self-driving cars and robots already exist, but these technologies are largely conceptual and still in testing. For example, experts believe we shall start to find autonomous cars on the road in 2020. Therefore, there are no actual, real-life uses for Rilcoin at the moment. Nevertheless, you can expect that Rilcoin tokens won’t remain at $1 through the 90-day period they will be on sale. There is too much of an ICO-craze going around that you can expect Rilcoin tokens to rise in value. That is good news for speculators. As for the investors, returns on the Rilcoin ICO may take a few years to materialize – but it’s still a worthwile investment.

How to purchase Ril tokens

To take part in the Rilcoin ICO, you will need to have either bitcoins or ether tokens. Each Ril token will be priced at $1 a the start of the ICO, but its value will fluctuate once Rilcoin gets into the exchanges. 30 million Ril tokens are available for sale for 90 days, with bonuses on a sliding scale depending on the period of purchase.