How ICO boom for business development?

[Tim David 0]

The first Initial Coin Offering, also known as Token Sale or ICO, was launched by Mastercoin in 2013. The project released a protocol layer on top of the Bitcoin blockchain could be used by developers to produce their own cryptocurrencies. By this method of crowdfunding the company raised five million dollars.

Benefits of ICO's:

• Anyone Can Buy Tokens
• Tokens Are Sold Globally
• Token Economy Liquidity Premium
• Less Barrier to Entry
• Instant Buy-In

The success of Mastercoin inspired more young companies, and ICO is now widely used for collecting startup capital. Only in the past year, the ICO projects have managed to collect 3.9 billion dollars within several industries.

 

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