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Crypto Wallet: UK Investors Will Need One

The value of Pi currency took a tumble on the crypto markets in mid-September following news of more delays to the Pi Network mainnet roadmap. 

The delays have sparked outraged network enthusiasts, who have also blasted the lack of plans to get the Pi currency, PI, listed on major exchanges. 

What exactly is happening at the [Pi Network](/news/article/pi-network-price-prediction)? 

## Pi currency tumble 

In a single week in the middle of last month, PI lost more than 20% in value compared to recent highs. The dip came after Nicolas Kokkalis, CEO of the Pi Network, confirmed further delays to the hotly anticipated mainnet roadmap. 

Reported by [PiNewsMedia on X ](https://twitter.com/PiNewsMedia/status/1700601922649227531)(previously Twitter), it was revealed that the roadmap would now be unveiled in two phases. 

The first phase is expected this month, undermining previous expectations that the full roadmap would be released in October. 

While it is hoped that version 2 will still come this year, no exact schedule has been given. The news perplexed and angered many Pi Network fans. 

Of course, PI is not yet tradable, so the fall in value recorded by sites like [CoinMarketCap](https://coinmarketcap.com/currencies/pinetwork/) refers to the ‘IOU’ price. However, the sudden decline does reflect where sentiment around the project currently sits. It’s clear optimism has dampened, impacting short-term price expectations for PI. 

## Under fire 

Following the news of the latest delay to the publication of the mainnet roadmap, Pi Network fans did not hold back. 

Not only did the value of the PI price dip, there was also outspoken criticism of the network. 

The complaints focused on how long the network has been in an enclosed mainnet and the lack of plans to list PI on major exchanges, such as [Coinbase](/news/article/coinbase-review-uk) and Binance. 

Pi Network attracted plenty of fans when it launched. Inspired by the challenges of Bitcoin, the world’s most popular cryptocurrency, the founders sought to offer an alternative. 

While Bitcoin requires specialised mining equipment, [the Pi Network approach](/news/article/pi-network-unlocks-mining-rewards) allows anyone with a smartphone to mine PI. This addresses some of the accessibility and energy use issues of Bitcoin, plus brings significantly lower transaction fees within the Pi ecosystem. 

The goal was to have this intention at the heart of an entire ecosystem of diverse applications. Pi Network is already being used by developers to create DeFi, gaming, and Metaverse apps. 

Millions of users worldwide flocked to Pi Network at the peak level of interest. Stats today, reported by the likes of [BanklessTimes](https://www.banklesstimes.com/news/2023/09/14/pi-network-users-blast-core-team-as-pi-coin-concerns-remain/), suggest the numbers have fallen sharply. On top of that, there are concerns that Pi Network pioneers now have collections of Pi currency, which is, essentially, worthless. 

That is because there is no option to cash out, as PI is not tradeable yet. They will only be able to once PI is listed on exchanges, allowing the Pi currency to be traded like other crypto tokens. 

There has been criticism of an apparent lack of plans to do this. 

## Criticism of core team 

Following the latest delay to the mainnet roadmap, fans hit out and alleged inconsistencies in the Pi Network core team. One, an X user called Pi Inu Token, listed several concerns, including claiming that the coins mined so far will not be cashed out while they are concentrated in Vietnam, China, Nigeria, and other countries. 

He also raised concerns about how Pi Network will achieve the next network breakthrough and wealth redistribution. He noted that Pi Network has profited from ad revenue generated when people mine, which is high due to the popularity of the project, and suggested that leaving the enclosed mainnet and listing the Pi currency on exchanges would be ‘counterproductive’. 

The critic based this on the idea that Pi pioneers would quickly cash out, causing the value to dip, and that a consequential fall in network users would negatively impact ad revenue. 

## Still life in Pi 

Despite the latest news, there is still hope for the Pi currency and network. 

Its energy-efficient mining model and large user base means it still retains potential. The network aims to make PI more accessible than other crypto tokens, the ones which require technical knowledge or specialised hardware. 

It should also be noted that the PI IOU price soared, up some 15%, following the announcement that its detailed roadmap would be delivered in September. That news spiked the price, in much the same way the delay caused it to dip, so there is clearly still buzz around the Pi project. Once the roadmap is released, pundits expect the Pi currency value to rise again. 

Analysis by [coincodex](https://coincodex.com/article/32203/pi-coin-price-crashes-20-as-pi-network-ceo-confirms-further-delays-pi-roadmap-now-set-to-release-in-q4/) suggests bullish potential for PI. Given the substantial social following Pi Network has, and assuming the mainnet launch goes smoothly, the Pi currency could surpass the $200 mark within 12 months, it suggests. 

However, there is a note of caution. We must wait to see if the network can meet the community management and technical challenges necessary to achieve that value. All eyes will be on the delivery of the roadmap. 

Pi Currency Plummets as Delays Confirmed 

[Startups](/news/article/mastercard-start-path) in the blockchain and cryptocurrency sphere consider ICOs a cheap, fast, and less cumbersome way of acquiring funding for upcoming projects. Maybe you're considering participating in an ICO crypto soon, but there are concepts and intricacies you don't grasp besides not knowing about upcoming ICOs. 

This article helps you understand the ICO process and what projects you can expect soon. 

## What are ICOs? 

An Initial Coin Offering (ICO) is an ingenious method blockchain and cryptocurrency project startups use to raise funds for their products or services. ICO crypto offerings enable investors to participate in [token sales](/news/article/token-vs-coin), where they can acquire tokens newly listed on cryptocurrency exchanges. 

ICOs are popular among startups because they enable them to bypass traditional venture capital when raising capital for new tokens, applications, or other services. The primary benefit of ICOs is building a direct connection between startups and investors, besides eliminating the need for third parties from the capital-raising process. 

## Upcoming ICO crypto calendar 

If you're interested in participating in ICO crypto, you need to look for ICO calendars, where you'll find lists containing past, active, and upcoming ICOs. 

Here, you'll learn about the imminent projects and their fundraising goals, including token sale metrics, project details, crypto presales, and other pertinent information regarding token sales. 

Below is a list of excellent crypto projects you can go through to explore and discover high-potential initial coin offerings. 

## Bitfinder (BITF) 

The first ICO crypto project on our list is Bitfinder (BITF), set to become the pioneer crypto search engine running on a decentralized/centralized network Discover. According to the [Whitepaper](https://cryptototem.com/wp-ico/img/new%20projects/Bitfinder/bitfinder-whitepaper.pdf), the project will offer a search engine specializing in crypto-related content, a publisher program for adding banners, an advertiser program, paid-to-click ads, and crypto games that pay in cryptocurrency. The ICO presale runs between 21 October and 21 November, 2023, with the public sale beginning 21 May until 21 June, 2024. There's a pre-token supply of 60,000,000 BITF out of 1,000,000,000 BITF, priced in USD: 1 BITF = 0.01 USD. 

## Landslide (LADD) 

The Landslide ICO crypto project, whose token sale runs between 15 October and 30 November, 2023, proposes to build the world's fastest blockchain. With speeds of at least 850,000 transactions per second (TPS) and up to 2 million TPS, the project running on Binance Smart Chain will be highly scalable and faster than pioneers Solana, Ethereum, Avalanche, Polkadot, and Polygon. Per the [Whitepaper](https://cryptototem.com/wp-ico/img/new%20projects/Landslide/landslide-whitepaper.pdf), there’s a pre-token supply of 50,000,000 LADD out of the planned token supply of 220,000,000. The LADD utility token is priced in USD, where 1 BNB = 50,000 LADD.   

## Tezos Domains (TED) 

Tezos Domains proposes to launch domains similar to the Ethereum Name Service (ENS) that can be used to secure ownership and link Web 3.0 wallet addresses with websites, share avatars, and publish verifiable contact information. The Tezos Domains, DApps, and wallets will run on the Tezos ecosystem to replace complex public addresses. The [Whitepaper](https://tezos.domains/en/about/faq) states that users will use their Tezos Domains to store their cryptocurrency, addresses, NFTs, or tokens. The token sale has been ongoing since 25 September with a supply of 100,000,000 TED targeting the Tezos community at 1 TED = 0.04 USD. 

## CutKitts (CUT) 

CutKitts consolidates the power of NFTs and memes to introduce a unique Earn-to-Play concept in gaming where users can enjoy games using NFT heroes. The [Whitepaper](https://cryptototem.com/wp-ico/img/new%20projects/CutKitts/Whitepaper.pdf) proposes a robust economic system where users can trade, craft, and enhance their NFTs and enjoy endless possibilities. Investors can expect a good ROI as gamers plunge into the new era of eSports, eLeagues, and other thrilling tournaments. The project's presale began on 7 September and runs until 30 September, 2024, targeting 40,000,000,000 CUT. Public sales run from 20 November to 1 September, 2028. The token price is 1 CUT = 0.00072 USD and is sold in ETH. 

## KlubCoin (KLUB) 

The KlubCoin ICO crypto project is a cryptocurrency that blazes the trail in the electronic music industry and is already popular with some strong brands in a fast-growing ecosystem. The [project](https://cryptototem.com/wp-ico/img/new%20projects/Klubcoin/KlubCoin-LitePaper-1.pdf) enables clubs, festivals, DJs, and artists to offer their loyal fans rewards and crypto ownership via a fan token – KLUB, which can be used in physical and Metaverse events. The project proposes a party-to-earn model for electronic music fans, targeting clubbers and festival goers, offering them instant cashback rewards whenever they buy from partners. Moreover, KlubCoin will allow seamless Web 3.0 onboarding via iOS and Android apps. The pre-token launch takes place between 4 October and 6 October, 2023, targeting 1,000,000,000 KLUB priced at 1 KLUB = 0.0120 USD. 

## How to select a good ICO crypto project  

There are hundreds of ICO crypto and blockchain projects to choose from, each with a horde of returns and benefits for investors. You must comb through lists and calendars of upcoming ICOs offering updated information to locate the best. 

Take the time to carefully go through complete ICO schedules, including the technology behind the project, funding goals, the roadmap, and the developers' team and project community ratings and feedback. 

Check the stage of the project and token sale, read their Whitepaper, conduct sufficient research to understand the project’s risks and viability, and evaluate your risk tolerance before pursuing any ICO crypto [investment opportunity](/news/article/alt-season-crypto). 

Best upcoming ICO crypto presales

In June, Polygon unveiled version 2.0, promising major updates to the architecture, governance, and tokenomics of the protocol. 

This network of zero-knowledge Layer-2 blockchains was, the protocol said, designed to become the ‘value layer of the internet’. 

Here, we take a deep dive into Polygon 2.0. 

## The future of Polygon 

Version 2.0 is a major milestone, bringing enhancements to governance, tokenomics, and architecture. 

It is intended to democratise worldwide economic access by boosting DeFi (decentralised finance), innovative coordination mechanisms, and digital ownership. 

At its core, the vision is to enable unified liquidity and unlimited scalability by integrating zero-knowledge tech. The scaling challenges of Web3 mean that adding new chains not only fragments liquidity, but also offers a poor UX. Polygon 2.0 uses Layer-2 chains powered by zk and a cross-chain coordination protocol to create a unified network. This network, it is claimed, offers scalability that is almost without bounds and cross-chain interactions that are seamless. 

## Polygon zkEVM 

A part of the 2.0 upgrade is the transition of the Polygon PoS (Proof of Stake) blockchain to a [zkEVM](https://polygon.technology/polygon-zkevm) validium. 

This brings better performance and security, as well as enhanced compatibility with the version 2.0 ecosystem. 

It works by making transaction data available offline, bringing lower fees without compromising on security. 

The Polygon Improvement Proposals (PIP) framework was discussed over the summer, with a view to publishing the plans during the autumn. Subject to consensus, implementation and testing is scheduled for the winter, with mainnet activation in early 2024. 

## What does 2.0 look like? 

Polygon 2.0 is arranged into four protocol layers, and this architecture is crucial. 

The staking layer, implemented on Ethereum via the Validator Manager and the Chain Manager contracts, uses Polygon's native token to provide staking services to participating chains. 

The interop layer allows cross-chain messaging, enabling secure shared access to native Ethereum assets and near-instant cross-chain transactions. 

The execution layer handles transaction sequencing and block production, while the proving layer generates and verifies proofs across the Polygon chains using a zk proving protocol. 

## New token 

As part of this upgrade, a new native token has been proposed by [Polygon Labs](https://polygon.technology/): POL. It will be a 1:1 upgrade of [MATIC](/news/article/what-is-matic-all-about), inheriting the current token’s 10 billion supply when it first goes live. 

Holders of POL will be able to act as validators on multiple Polygon chains, including services like accepting user transactions and determining their validity, producing zk validity proofs for transactions, and providing data availability guarantees. 

This new economic approach removes the 10 billion supply cap on the protocol's native token. POL brings a move to an inflationary model to fund the treasury and incentivise validators. 

## Governing the protocol 

Version 2.0 brings a new governance framework split into Community Treasury Governance, System Smart Contract Governance, and Protocol Governance. The aim is to have governance mechanisms that are efficient and scalable. 

The Community Treasury Governance creates a self-sustainable ecosystem fund that will support ecosystem projects. There are two phases to the governance process, beginning with an independent board but then moving to decision making by the community. 

The System Smart Contracts Governance will look after protocol component upgrades implemented as smart contracts. Responsibility will lie with the community-governed Ecosystem Council. 

Finally, the Protocol Governance is a platform for proposing Polygon protocol upgrades facilitated by the PIP framework. 

## Polygon Development 

There has been strong commitment to, and activity with, the developer community. At the end of last year, partnerships and events sought to strengthen relationships with developers. In the opening months of 2023, Polygon Lab’s global developer tour, DevX Global, kicked off. 

The Hackathon tour continued this year, visiting Asian cities, including Hong Kong and Tokyo. This was an opportunity for developers to compete for a share of $125,000. The tour moved to Europe over the summer, with stops in London, Lisbon, Paris, Zagreb, Amsterdam, and Berlin. 

Q2 of 2023 also saw a partnership with [Google Cloud](/news/article/near-protocol-partner-with-google-cloud) announced. This gave startups in their early stages within the Polygon ecosystem access to resources and benefits. The quarter was also marked by the launch of the developer-support AI-powered tool Polygon Copilot. 

A focus on helping developers and the deployment of new tools and partnerships certainly seems to have brought results. During the second quarter of 2023, there was a huge spike in deployed contracts. 

Independent research showed Polygon had more than 200 full-time developers (837 in total), ranking it in the top six for developer activity during the first six months of this year. 

## Conclusion 

Version 2.0 could bring significant enhancements in protocol architecture, tokenomics, and governance, marking a pivotal step in the network's evolution. 

Polygon's developer and user bases are among the most expansive in crypto, and it remains committed to pushing the boundaries. As competition intensifies, the successful rollout of Polygon 2.0 and continued adoption of the Polygon zkEVM will become increasingly critical in the coming quarters. 

Polygon 2.0: A Deep Dive 

According to data from [CoinMarketCap](https://coinmarketcap.com/currencies/fetch/), the Fetch AI crypto token, FET, was showing signs of recovery in September. 

After a strong start to the year, hitting a 2023 high of $0.5441 in February, FET’s value plunged in June. Since then, it has been gradually climbing, although it remains well off its all-time high of $1.19 in September 2021. 

So, does FET have a future? 

## Fetch AI explained 

The [Fetch AI platform](https://fetch.ai/) was founded by game developer and producer Toby Simpson, Deepmind AI firm investor Humayun Sheikh, and advanced machine learning professor Thomas Hain six years ago. 

It is an open-access decentralised machine learning blockchain-based protocol created to grow the digital economy without the interference of humans. Services and devices are connected to the Internet of Things by the network, which also facilitates the involvement of other agents, including people. 

It offers an infrastructure and tools to support the development of DeFi (decentralised finance) based on AI. Fetch AI provides solutions through data sharing and intelligent machine learning, which can be easily deployed in multiple sectors, such as supply chains, smart homes, and transport. 

## How does it work? 

There are three main elements used to develop the infrastructure and tools needed to create an AI-based autonomous economy. These are the Open Economic Framework, Autonomous Economic Agents, and the Fetch Smart Ledger. These three form the network, which is powered by AI and machine learning. 

Open Economic Framework – this is where all the information and data that agents can use is stored, enabling connectivity between Autonomous Economic Agents (AEAs). This layer and its nodes are where agents source information, receiving token rewards for mediation. 

Autonomous Economic Agents – Essentially, AEAs are digital citizens in the Fetch AI ecosystem, representing individuals, organisations, services, and devices on the network, where they can leverage the predictive nature of the systems. Thanks to machine learning and AI, there is the opportunity to learn from past mistakes and create more efficient solutions. This enhances the performance of systems via artificial intelligence. 

Fetch Smart Ledger – The ledger is where all network transactions are collected and processed through sharding. It is an innovative blockchain-based structure combining distributed ledger technology and a directed acyclic graph. 

## Is Fetch AI unique? 

The combination of multiple technologies, such as DLT, DAG, AI, machine learning, and smart contracts, has led to Fetch AI being considered unique. That and the AI-enabled use cases it supports. 

The project basis is allowing users to develop a digital decentralised economy that grows with the multi-utility network. It can be applied in many sectors and industries, including supply, smart cities, travel, commodity exchanges, and, of course, DeFi. 

## Fetch AI crypto token 

The potential value of the Fetch AI project comes from its technology, use cases, and operation through the functions and tools made available. 

Central to the project is the Fetch AI token, FET. This multi-purpose native token is used to reward and enable node operators as well as giving access to operations on the network. It is, of course, the chief payment method on the network. 

Given the potential of blockchain-based [AI projects](/news/article/ai-crypto), FET has an intrinsic value, as it is the currency of the network. However, intrinsic value is not always reflected in market value. This can sometimes be the result of cryptocurrency market fluctuation, as well as sentiment. 

As anyone who watches the markets knows, FET, like other cryptocurrency tokens, has been subject to radical value changes that have seen prices spike and dip in short periods. 

As with many cryptos, there is a limited supply of the token, and scarcity can help attract greater value. 

In mid-September, the total supply of FET was 1,152,997,575, with 812,995,921 in circulation. You can calculate the market cap of the token by multiplying the tokens in circulation by the current market price. Or just visit a site like [CoinMarketCap](/news/article/coin-marketcap-analysis)! 

## FET future 

According to [AMBCrypto](https://ambcrypto.com/predictions/fetch-ai-price-prediction), the long-term prospects for the Fetch AI crypto token do not look good until the end of this decade. 

Taking into account historic price action, social sentiment, and current developments, the analysis platform predicts FET’s price will remain under the $1 level until 2030. 

It assesses that FET will slump in value next year, with a predicted highest price of $0.21. A marginal improvement in 2025 will take it to a year-long high of $0.28. 

The following year could signal the start of a recovery, with FET achieving a high of $0.39 in 2026, rising to $0.53, close to this year’s high, in 2027. As we round out the decade, the Fetch AI crypto token could see highs of $0.72 and $0.99 in 2028 and 2029 respectively. 

AMBCrypto predicts FET will see a surge as we begin the 2030s. It assesses the potential high for the Fetch AI crypto being $1.36 in 2030, and $1.85 the following year. Looking further ahead, FET could achieve highs of $2.53, $3.45, and $4.70 in 2032, 2033, and 2034 respectively. 

Of course, like all price predictions, there are no guarantees that these figures are correct. Any number of variables could impact on the future value of FET, so it is vital that you conduct your own independent research. 



Does Fetch AI Crypto Have a Future? 

Do you remember the Tom and Jerry episode featuring Robocat, a robot cat meant to replace Tom? Well, the future is now, but with robot dogs. 

James Howells, an IT systems engineer and resident of Newport, accidentally threw away a hard drive with nearly 80,000 Bitcoin ([BTC](/news/article/cz-binance-founder)), equivalent to almost £168M at the time of writing. 

The incident occurred in 2013, and for ten years, Howells has been in constant dialogue with the Newport City Council to help him retrieve his lost crypto fortune, but to no avail. The council refuses to permit him access to the landfill site. 

Howells has had enough. He plans to retrieve his BTC from the site using AI-powered mechanical arms and robot dogs for security (to drive away scheming thieves). 

## Robot dogs and AI: what is Howells' plan? 

While the [Sony Aibo](https://us.aibo.com/) is as cute a rendition of a puppy as it gets, Howells does not intend his robot dogs to be cute and fluffy. Think of the robot dogs he intends on employing to retrieve his Bitcoin to look and behave more like the robotic guard dogs featured in the Metalhead episode of Black Mirror - fierce. 

It all started in 2013 when Howells placed the hardware from an old laptop, containing a whopping 80,000 BTC, in a black trash bag in his hallway. He was doing a "clear-out" of his "office" and "put a lot of items" into the black trash bag. 

His ex-partner, bless her soul, took the bags to the landfill site the next morning. Howells refuses to blame his ex-partner and says she was doing him "a favour". Better communication could have gone a long way in avoiding this mishap. 

Over the past decade, the Newport City Council has refused Howells access to the landfill site. In a last roll of the dice, he has employed a legal team who recently wrote to the local authority seeking legal access to the site. 

If this ploy bears fruit, Howells will utilise an AI-operated mechanical arm to sort the enormous piles of rubbish. The rubbish will then be sifted through by hand to retrieve the lost hard drive. He also plans on using robot dogs as a security measure to drive away opportunistic thieves. 

Howells has already employed a team of data recovery and environmental health experts to lead the charge. He will cover all costs related to the search and, if successful in recovering his lost Bitcoin (provided he is legally allowed to access the landfill site in the first place), has a noble cause in mind. 

## Newport: UK’s first crypto hub? 

A quarter of the areas in Newport, a city in Wales, are among the most deprived 10% in the country. If successful in his recovery mission, Howells intends to give 160,000 Newport residents £50 each in Bitcoin. 

While this will not solve the underlying problem of deprivation, “the idea is then people will have to learn how to use” the cryptocurrency, and this education will “help them” in the long run. 

Howells will also set up a blockchain education centre where anyone can come to have a face-to-face chat with an expert to learn about crypto. He feels learning about new technology, such as [blockchain](/news/article/bitcoin-bank) on your phone or laptop, can be daunting, and having somebody to teach you the basics in real life is ideal. 

Finally, Howells will also install crypto point-of-sales devices at strategic locations. This will enable the local community to use c[rypto on a day-to-day basis](/news/article/how-to-invest-in-bitcoin-uk). 

According to him, this will "get a crypto economy going in South Wales". For a single man to drive such change in the crypto world is unheard of. 

It is to be seen whether Howells will be granted his wish. Legal action was Howells' last resort, and if the judge on duty refuses his request, his dream will be all but over. 

Howells' cause is noble. Let us hope for the best! 

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