ICOs: The New Blockchain Capitalism Model
ICO (I.C.O) is an emerging concept in crowdfunding projects in the Cryptocurrency and Blockchain industry.
Eco is, in fact, Coin’s early release, an event sometimes referred to as “crowd sale” when a company wants to release its own cryptocurrency to raise funds. Eventually, a certain number of Coin’s are released.
As a result, the company gains the capital needed to develop the product, and customers receive their shares and acquire full ownership of the shares.
Shareholders can hold these shares for the purpose of using the services or sell them for profit.
Many startups have taken advantage of this initial offering to raise capital. According to research by Smith + Crown, the companies raised $260 million last year and have raised $560 million since the beginning of 2017.
Icons are seen as an alternative to crowdfunding and are changing the way startups are funded, and are essentially a way for Blockchain startups to invest capitalistically from existing systems.
The difference between this type of shareholder and the traditional stockholder is that traditional stocks need to be approved and supervised by the Stock Exchange, whereas for this type of shareholder that is more like licensing certain services in Blockchain.
How Do I Start My Own ICO
The most important thing you want to do is make sure that either you or someone (probably multiple people) involved have worked in and understand cryptocurrency and blockchain. Even if anyone can make an ICO, it doesn’t mean that everyone should. You need to be able to answer questions on the spot about every little detail pertaining to your ICO.
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