As the cryptocurrency and blockchain have risen as a blue ocean market, a new form of investment has emerged called ICO, Initial Coin Offerings.
First of all, ICO is ‘a new form of fundraising for businesses with cryptocurrency.’ Generally, ICO is divided into three stages as follow: Private-sale, Pre-sale, and Public-sale. ‘Private-sale’ requires a higher minimum participating amount than other sales, and often is run for companies rather than individuals. ‘Pre-sale’ indicates the whole sale process before ICO and ‘Public-sale’ refers to a sale stage where everyone can participate in.
Why do businesses choose ICO rather than IPO?
IPO stands ‘for Initial Public Offerings’ and requires a much more complicated process for fundraising than ICO. It is difficult for a business to be listed on a fund market through IPO, and it is also compulsory for a business to open its business plans and schemes to the public, once it’s listed. When the business fails to open its information to the public for several times, the listing can also be canceled.
For these reasons, it is almost impossible for a young entrepreneur or a startup business to raise funds through IPO.
However, with ICO, it becomes possible for the new businesses to raise funds as well. By thoroughly reading through the company’s Whitepaper that states its project objectives, business model, fundraising size, work experiences of the core team members and much other available information, the public can verify the potential of the business and hence participate in their fundraising process.
With ICO, there is no need for the participants to pay transaction fees to banks or any other brokers, as the investment is made directly between the company and the investors. Moreover, the business can easily raise funds from all over the world via the internet, as cryptocurrency is commonly used everywhere.
ICO, is it really safe?
Although ICO has attracted many people’s attention as a new form of investment, it is true that ICO still lacks institutional support for technology, accounting verification, and fraud prevention. It sometimes may be not easy for those who have no ICO experience to find any drawback of each ICO. One solution for these participants is to ask ICO professionals and seek for their help to avoid any fraudulent activity. It is true that ICO, which has been attracting attention as a new investment method, still lacks institutional support for technology, accounting verification, and fraud prevention. Sometimes it may not be easy for participants who have no ICO experience to spot deficiencies in ICO projects. Participating in these new ICO participants is one way to avoid the fraudulent ICO by seeking professional help.
To assure a right ICO investment, the OZEX platform prioritizes understanding the high stabilities, conveniences, and profits of an ICO investment. OZEX helps participants to select the right ICO while minimizing any risk of scams and maximizing profits. OZEX platform is developed and run by multiple professionals from diverse fields. Our project will airdrop 80 different tokens that have high potentials for our OZX holders over the next three years.
@OZEX ICO will last for more than two months over three rounds, from 20 June to 28 August 2018. We have successfully seen an early ending of the first round in just 25 hours, thanks to people’s active participation.
The 2nd round of OZEX ICO will start on 16 July 2018, and the finalized rate for the 2nd round of ICO is 1 OZX : 0.01 USD. As announced before, the hardcap of the 2nd round is set as 200 million OZX, and the number of free airdrop token KickCoin(KICK) is set as 2 million KICK. We will airdrop KICK at the rate of 100:1 to OZX.
During the first week, from 17 July (11:00 AM, GMT) to 23 July (11:00 AM, GMT), participants will receive 50% Bonus for OZX.
More channels.
Web : https://ozex.io
Whitepaper : https://github.com/ozexproject/OZEX-Whitepaper
Bounty promotion : https://bitcointalk.org/index.php?topic=4459199.0;all
Twitter : https://twitter.com/ozex_official
Facebook : https://www.facebook.com/OZEXproject
Medium : https://medium.com/ozex
Steemit : https://steemit.com/@ozexproject
Telegram (Global) : https://ozex.io/telegram
Instagram : https://www.instagram.com/ozex_official/
Bitcoinforum : https://bitcointalk.org/index.php?topic=4355099.0
OZEX white paper v1.1 — https://github.com/ozexproject/OZEX-Whitepaper