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Since the launch of Bitcoin (BTC), the pioneer cryptocurrency, the digital transaction industry became open to many people. It didn’t come as a surprise when many other digital assets, such as crypto tokens/coins and alternative coins (altcoins) joined the burgeoning cryptocurrency industry. It was after the proliferation of those digital assets that it became imperative to raise funds for other up and coming cryptocurrency projects.
It was on that premise that Initial Coin Offering (ICO) and the counterpart, Initial Exchange Offering (IEO) became active. They were the standards for raising funds for financing cryptocurrency and blockchain projects. Soon after, it was discovered that they had many issues, such as tendencies of the founders to elope with the funds, as well as the excessive waste of funds when listing crypto tokens (digital assets) on cryptocurrency exchanges.
The New Model for Crypto Fundraising
Initial Model Offering (IMO) is the latest cryptocurrency fundraising perspective. It is important to point out that the integration into the current system is not unconnected to the desire of the cryptocurrency investors to have an investment system they can trust. Aside from the basis on the blockchain technology, IMO also has many other frameworks that you would fascinate.
• Milestone Funding
If you have been participating in Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs), you must have realized that many of those projects have straightforward or rigid milestones. The implication is that both the founders/propagators and the investors wouldn’t have a chance to make evaluations.
On the contrary, IMO empowers both the founders and the investors to do so. Of particular reference are the investors who can now check the developments of the projects in view. If the outcome of the previously funded milestones was favorable, then the investors can activate another phase of the milestone. The batch-like funding model is commendable because investors would not only be able to determine if a project is progressing or not, but would also have fewer risks to battle with.
• Cutting Costs on Digital Asset Listing
It usually takes time before a digital asset, such as a crypto token can be listed on a cryptocurrency exchange. That doesn’t not only take much time and reduce the listing behind schedule but also attracts more costs.
On the contrary, IMO has a dedicated cryptocurrency exchange. The idea is that immediately the pre-sales and funding phases/milestones were completed, such projects’ digital assets would be listed immediately on the IMO Exchange.
• Lower Investment Options
Many cryptocurrency investors who have participated in other ICOs and IEOs would attest that the average investment is $1. While that might seem feasible, it’s worth mentioning that the investment sums can be lower too.
Under the Initial Model Offering (IMO) framework, you are empowered to invest with as low as $0.0003.
Conclusion
Initial Model Offering (IMO) happens to have one of the smart frameworks and dispositions for launching cryptocurrency projects and their underlying digital assets. As the next projects gear up to make a debut via IMO, you should also be making plans to invest in them when the time comes.
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