An ICO, or Initial Coin Offering, is a relatively new method of raising money to fund a start-up business. Unlike traditional funding methods, distributing crypto currencies to investors in exchange for fiat or other established crypto-currencies does not give any company ownership rights to the investors. The start-up, therefore, remains fully in control of its own destiny. An ICO is an easy and efficient method of getting a business up and running.
And if 2017 was the birth year of the ICO - with over $5.5 billion raised - 2018 looks to be even more lucrative. By April of this year, over $6.5 billion had already been committed by eager investors, and predictions for a $10+ billion year do not seem far fetched.
But the ease with which a company can issue an ICO is also its downfall. Anyone who has gone through the process of sending their Ethereum to a start-up based on a promising looking whitepaper and a little hype will know the inherent risks.
Scams abound, with companies simply taking the money and running all too common.
Even in legitimate projects, promises get broken; what once looked like a great business model to invest in is revealed to be a shadow of its advertised self.
Token issuance and coin listing dates get pushed around like chess pieces. And when listed, many coins are relegated to third-rate exchanges with little volume. There is nothing quite so frustrating as watching your ten cent coin dump to one cent in the first week.
Who the hell is selling at these prices? you ask yourself.
ICOs are illegal in many countries, such as South Korea and China, due to the sheer number of fraudulent profit-taking scams. Whilst most of us like the idea of keeping governments out of our investment decisions, the majority would now agree that some kind of oversight or regulation is needed.
Enter Desico.
Desico aims to provide that kind of compliant service, and is all set to disrupt the $155 billion venture capital and ever-growing ICO markets.
So what does Desico offer that is currently lacking in the ICO space?
Firstly, Desico will have a crowdfunding platform on which fully vetted ICOs can operate. Quick-buck scam coins will not be a part of the ecosystem. Approved companies can issue tokens, and investors can buy or exchange, all in one place.
Secondly, the Desico platform will have its own built-in exchange. No more waiting for listing or trying to work out how to use that no-volume, high cost DEX that seems to defy logic. Tokens from successful ICOs will be listed immediately on the Desico exchange on completion of the crowdfunding stage. There will also be an E-money account included in the platform. Users will be able to safely store all their crypto currencies and even fiat holdings for easy access. No more messing around with multiple wallets.
And, perhaps most importantly, the Desico platform will be fully legally compliant. It will offer utility tokens, security tokens, or a hybrid of the two, all operating within the securities and crowdfunding laws of Lithuania – a European and Eurozone member state.
Just these four points alone make Desico an extremely attractive investment proposition, but there is far more to this innovative platform, including early-bird discounts for DESI token holders so that it isn’t just the whales who get the big discounts. DESI token holders will also have free trading on the Desico exchange.
And this is all just scratching the surface. Desico’s team are actively promoting their vision around the world, taking onboard investor and advisor ideas, and implementing new concepts all the time. A reassuring plus is that the roadmap is comfortingly long, proving that Desico has plans that extend far beyond the ICO stage.
For more information on this exciting new company and the upcoming DESI token sale, go to the website here and take a look at the whitepaper and the impressive team. https://www.desico.io/en
You an also find out much more with regular updates at the following places:
TELEGRAM CHANNEL https://t.me/desicochat
TWITTER https://twitter.com/desico_io
And weekly update videos on
YOUTUBE CHANNEL https://www.youtube.com/channel/UCVi7k-JSG2sqqQnOmIMMvaw
Cool very interesting project
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Interesting project..there must be a way to stop all the ICO scams out there. Maybe desico is the solution.
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It looks very promising that's for sure
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To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
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