How the ICO ban affects the cryptocurrency market and FundersToken

As China recently has some movements on ICO regulation, making it illegal and unable to operate trade markets in China. The news shook the market and everything was in the red. While people are panic selling their tokens, we look at this as a good thing as it will benefit the space in a long term as it filters out some scam / shit coins. The ICO market was in a mess , people can simply raise millions by issuing a white paper and with some marketing. They gather BTC or ETH as their fund to run their businesses but without doing any businesses to help sustain themselves. They over-relied on the funds they have gathered via ICO.

It’s such as waste to see ICOs to be corrupted as it has the potential to be so much more.

Companies don’t realize the potential as ICOs can be a way to build a strong network effect within a community and are just trying their best to be “disruptive” but never “constructive”, they never think of people’s interests but using fancy words describing about “future” to secure their personal (not business) gain.

Although FundersToken Pte. Ltd is helping people to do ICO/ITO without any Blockchain development required, our actual business behind is to help people to define a set of new CRM strategy.We develop this product to support that your digital business bonuses/loyalty points/rewards/product and service vouchers can be in the form of crypto-assets, and many functionalities of trade, distribution and etc. are secured through smart contracts. We are a tool for digitalization not just a tool to do ICOs.

It’s not about funding, It’s about running the business.

In Switzerland, digital assets and identity are widely adopted to support businesses. In Japan, the automation from smart contracts attracts the attention from the government.

These are all achieved via crypto-assets, which are not used for funding but running augmented businesses. Now, many countries will certainly take actions on the unwell behaviors in ICO/ITO, which eliminate the number of bad practice in this particular industry. When people are panic about how to take ICO/ITO to the next level and real application, FundersToken is certainly well prepared. Our Token is just to help us to run our business, and also help our clients to do exactly the same. Our one-step-ahead logic gives us a great opportunity at this moment.

With the clear strategy, again, crypto-asset is the best business augmentation that digitalizes any operating business and we are working our hardest to allow every businesses or government to achieve digitalization.

China banning ICOs is a validation on our belief : We need a framework and a proper standard within the space.

Our goal is simple, to allow everyone to issue tokens with the right concept and trustworthy standard.

And with that goal in mind, we’re working our asses off to make this goal a reality.

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