Multi Billion Organization are Also Entering ICO Market
Recently it was announced that memorandum was signed between Deloitte and Waves Platform which was the first multibillion dollar organization to enter into the ICO market and this has started to attract other great multinational organization in becoming traders and investors of ICO.
WHAT IS ICO
An ICO - Initial Coin Offering is a means or way of crowdfunding a news cryptocurrency even before its released. Generally, tokens for the new cryptocurrency are sold to raise money for technical development before the cryptocurrency is released.
It was recently stated that Bancor Network’s ICO which raise $150 Million was supported and endorsed by Tim Draper. Recently, Marc Cuban of Dallas Mavericks was reported to be planning to invest in ICO campaign for eSports gambling own start-up UniKrn. But the reality is the ICO is very risky at this moment as no one knows and could speculate the viability of the projects and what products they will be offering. EOS, Bancor and most others are yet to release a tested version of their proposed products and some other are still in the Alpha stage while most are yet to enter Beta.
Meanwhile, the worth and valuation of ICOs can be specific at the moment as we can value with current revenue, subscribed users, advertisement, amount raise and other media projections. Having said all this, putting money and investment in ICOs should still have to be don’t based on the credibility of past projects of the owners and the released papers incuding vision and mission of the ICO project.
Life its self is risky but we must still take bigger risk to become bigger in LIFE.
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