Introduction
ICOs are sometimes referred to as Token Sales and they have took over the raising of funds through Venture Capitalists. The first ICO ever held was in July 2013 by Mastercoin. In 2014, Ethereum raised funds with an ICO and got 3,700 Bitcoin which equals $2.3 million in the first 12 hours. The industry newsletter Cointelegraph said that in the year 2017, companies raised close to $6 billion dollars through ICOs and only 20 ICOs raised 37% of the amount. Tokens are based generally on the ERC-20 Ethereum standard. As of February 2018, Ethereum became the leading blockchain for Initial Coin Offerings with over 80% of the market share.
The Ethereum network Initial Coin Offerings has lead to scams, Ponzi schemes and Phishing according to Cointelegraph and this accounts for up to 10% of Initial Coin Offerings and that is why some internet platforms are banning the advertisements of such ICOs on their platforms. Facebook banned the advertisement of Initial Coin Offerings, binary options and cryptocurrencies on the 30th of January 2018 but later changed their mind and re-opened for approved adevrtiser on the 26th of June 2018. Google, Twitter and MailChimp also banned ICO advertising on the 9th of April 2018.
The new approach to the capital market has included scams and also raised regulatory issues that are important. The platform DESICO will provide a filter for businesses that are illegal and also provide solution to issuance, trading and investment of all tokens that are utility tokens and pure securities.
The Regulatory Problem with ICOs
At first, Initial Coin Offerings was a means of issuing tokens or cryptocurrencies to be used in blockchain based economies. As it evolved, the use of tokens and cryptocurrencies increased and opened a way for new possibilities in designing token. As the market growth increased, the designs of tokens included elements that could be viewed as properties of securities. This depends on each jurisdictional interpretation and definition. ICO regulatory bodies started to show up after the inflection point in June 2017.
The PWC global ICO compass continues to globally keep track of regulatory developments as they evolve. South Korea and China banned ICOs. Recently, the central bank of China showed some signs of tolerance to ICOs through a symposium by saying that most of the cryptocurrency and ICO projects exchanges that are available in China have been surveyed and cleared thoroughly with no exposure left. The Securities and Exchange Commission (SEC) in the United States published a series of guidelines which suggests that tokens would be classified as securities under some certain circumstances and therefore should comply with the United States security laws. There have been several investigations since then to check fraudulent ICOs.
DESICO- The Solution for Security ICOs
DESICO is the first platform in the world to issue, buy and sell security tokens in line with the law. DESICO is based in Lithuania which has been a member of the European Union since the year 2004 and it is also an upcoming fintech leader in continental Europe. The country’s infrastructure, technology and legal environment has provided a clear way for the development of a platform for the trading, issuance and investing of any type of tokens. It has been acknowledged for their effort in promoting the legalization of ICOs and has also received support from the ministry of finance.
The DESICO ecosystem will scatter the global Venture Capital market of $155 billion dollars by introducing security tokens through the blockchain technology. It will use the advantages of ICO to build an ecosystem that will bring a greatchange in the global capital market. DESICO will also adopt the unique features of the blockchain technology which will enable the decentralization of before seed investments and also provide a legal way to get security tokens.
The Key Elements of DESICO Ecosystem
- DESICO Community: DESICO aims to foster an engaged and active community of crypto investors who will both invest and participate in ICOs by highlighting the ratings and rankings of projects on the platform.
Built-in Exchange - DESICO will actively operate an exchange that will provide immediate liquidity and listing for the ICO's security tokens after the completion of an ICO on the platform.
Token Information
Name of token: DESI Token
Number of tokens to be issued in the public offering: 1,023,018
Public and non-public offerings: 38,575,472
Currency: EUR
Nominal value of DESI Token: 1.00 EUR per each
Token Distribution
Financial supporters: 8.0%
Team: 9.1%
Advisors: 3.4%
Bounty: 1.7%
Business Development: 18%
Marketing: 20%
Legal: 9%
Operational: 11%
Reserve: 10%
Use of Funds
32% of the proceeds from offerings will be used for platform development.
In order to promote the Desico platform worldwide, 20% will be allocated to marketing.
Desico will make use of external lawyers in order to ensure compliance with regulatory developments and the platform. So 9% will be allocated for legal services.
Meet The Team
Conclusion
The DESICO platform is here to curtail the numerous phishing, Ponzi schemes and other scams related to Initial Coin Offerings (ICOs) with its regulated security tokens that are in compliance with the law. It is promoting the legalization of tokens which will surely help investors who are interested in investing in ICOs. It will prevent them from getting into the web and hands of fraudsters and scammers who will disappear with the money they invested and leave them with empty pockets, untold pains and worries.
for more information please follow the link below
Website : https://www.desico.io/
Whitepaper : https://www.desico.io/docs/Whitepaper_240518_v2.pdf
Twitter: https://twitter.com/desico_io
Facebook: https://www.facebook.com/desico.io/
Telegram: https://t.me/desicochat
Authors Details
Bitcointalk username: kingairdrop
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1862137
Eth Address: 0xA9334e54F7627332bC581d6dd6fD94aB79b39E55