Cryptocurrency space keeps getting interesting, we have moved from #ICO to #ICCO. What's next, and where would the decentralized democracy flag stand. Most of us are aware of ICO, "Initial Coin Offering" where developers issue coins to potential investors and use the financial proceeds to further develop their products and enrich themselves. Now we have ICCO, "Initial Crowd-funded Coin Offering", where users NOT developers sell coins to investors and the financial proceeds go to the users.
This is a completely new format, and the theme of true decentralized blockchain democracy is being played. The promoters of this scheme are definitely thinkers, offering financial wizardry to encouraged users to benefit from the massive wealth being created by cryptocurrency. Now I am not critic, I am now encourage to cook up something sweet myself and offer to my cryptocurrency family to get some financial reward, after all this seems to be the game, now I could be wrong. What if I can come up with something catchy in the name of decentralized blockchain democracy and sell it to some investors, wouldn't that be a great thing.
DigitalNote XDN has taken this ICCO format mainstream and they have highlighted what this format can do and its potential benefits. Here are some of them
==> one of the goals is to increase XDN marketcap x5 - x10
==> greater collaboration between users and developers, mutual benefits shared.
==> since the announcement, XDN has been the #1 performer on coinmarketcap.com with +208.13% change in 24 hours.
==>ICCO price will be above market price, eventually decided by markets and communities
==> the team has continued to highlight on their twitter account that during the pump and dump season of altcoins, XDN stands strong.
Now this is where I stand on this, the market seems to be reacting positively to this format whether it becomes a long-term success only time would tell, there is definitely money to be made. I wish the XDN team all the best, as for me I would follow this development closely, who knows probably I would get on board. With life I have learnt, you need to be the first to enter and the first to leave.
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I had a big question now, because I've been studying what ICCO is, you said in the article that I could already sell it at any time, and others say that ICCO is a format that tokens can be converted.
The main difference between ICCO and all the usual initial placement of ICO tokens lies in the fact that within after the release, the coin holders will be able to change them at any time for the shares of the Palladium blockchain start-up. Please, would you have another story to tell me?
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