Have there been any ICO (Initial Coin Offerings) that has been backed by redemption of a physical product?

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I'm doing some research on ICO's and wanted to see if there has been any ICO's that is backed by a physical product provided by a company? Aside from just funding the coin's development, the coin can function as an in store credit system? Which company or coins had this implemented?

Patoshi パトシ

Posted 2017-05-30T20:50:39.733

Reputation: 8 911

I don't think "posting on stackexchange" quite counts as "doing some research". (at least, not serious research)abelenky 2017-05-30T21:09:35.083

Answers

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I know at least two such ICO's EcoBit, which claims to be the "WORLD'S FIRST-EVER GREEN BLOCKCHAIN PROJECT".

One thing that I like about the project is they have actually started physical work and have posted videos of their progress on their Facebook page (do check them out).

Another one that I know so far is mona.co,

Introducing Monaco - world's best cryptocurrency card. Spend and send money globally at perfect interbank exchange rates, saving EUR30-40 on every EUR500 equivalent spent.

Sufiyan Ghori

Posted 2017-05-30T20:50:39.733

Reputation: 220