As the amount of funds being raised by projects conducting Initial Coin Offerings (ICOs) continues to decrease, investors are becoming more selective in their choices and opting to participate in only the strongest projects. Here’s our pick of the top 5 ICOs for October.

Blockcloud

Blockcloud aims to create a decentralized trust system that incorporates secure, provably fair and economically attractive mechanisms that revolutionize current data management systems. The team are focussing on building an Internet of Things (IoT) health data system that ensures that health data can be securely distributed in legally authorized nodes. Blockcloud merges the best features of Service-centric Networking (SCN) and Blockchain with stable connectivity and mobility support in the underlying physical network.

The team are aiming to raise $15m and the token sale is set to begin on October 11.

Ultrain

Ultrain is a high throughput blockchain project that aims to allow resource management to be entirely processed via the Internet of Things (IoT) and Distributed Ledger Technology (DLT). The team foresee a programmable business society based upon a synthesis of blockchain, AI and IoT technologies that builds a trust and value delivery network.

Ultrain hopes to achieve this by providing a computing service model called trusted computing, which incorporates both CPU and GPU computing.

The team are aiming to raise $20m and the token sale is set to open during the month of October.

nOS

nOS is a user-friendly virtual operating system that can be accessed via desktop and mobile application, and acts as an app store and web browser. By using nOS, websites and apps host their content in an open and decentralized manner using NEO Smart Contracts, and NOS Decentralized Applications (dApps) have open immutable back-end code running on the NEO Blockchain.

In addition, end-users only use NEO's utility token GAS, and nOS automatically converts it to the proper amount of NEP-5 tokens required for a specific transaction or invocation, and users can also stake nOS tokens to gain voting power on the nOS platform.

The team are aiming to raise $15.75m and the token sale is open over the month of October.

Sovrin

Sovrin is a decentralized public utility for self-sovereign identity and eliminates the need for usernames and passwords as the platform uses cryptographic authentication. As a result, users have control of their data and can securely exchange verifiable digital credentials.

The Sovrin protocol standardizes and automates the majority of identity management functions and simplifies data management for consumers and enterprises.

The team still have to confirm their token metrics and exact crowdsale date, however, the tokensale is expected to take place in October.

CryptoCurve

CryptoCurve is a wallet platform that acts as a gateway to the Wanchain ecosystem, and provides easy crypto funds management, market analytics, ICO investing, trading and security.

The project incorporates a number of innovative functions such as ICO investing and pooling via smart contracts, discounts when paying using CURV tokens, a staking plan, and a quarterly burning system.

The team are aiming to raise $16m and the token sale is set to begin on October 30.