The number of ICOs in the world is constantly increasing. At the same time, the number of successful campaigns is rapidly falling. Below we will tell you why this happens and how to support the ICO industry.
The term “ICO” (Initial Coin Offering) sounds natural in the cryptocurrency world, but it can be compared with the share market where the so-called IPO (Initial Public Offering) exists. It’s a conventional method of fund-raising when the company sells its securities at the exchange to obtain profit which is often higher than it’s annual income.
Companies which decided to raise funds at ICO issue digital tokens instead of shares. In the future, investors will be able to use the purchased tokens in several ways. They can pay for the platform services on more profitable conditions or wait until these tokens go up in price. Then they can profitably sell them on exchanges for other cryptocurrencies or fiat funds.
The first ICO took place in 2013. Mastercoin project tokens were placed there and $5 mln was raised during this ICO.
In 2017 companies around the world have raised more than $3 billion at ICO. For comparing and better understanding the growth chart it should be mentioned that less than $100 mln have been raised in 2016.
Now more than thousands of ICOs are being prepared for launch. Those start-ups which can embed tokens into their business model and companies with strong teams and a clear roadmap have more chances to organize the ICO successfully.
CoinLoan has some advice based on the experience of successful companies.
Here are some reasons for joining our ICO:
- The project company has been officially registered in Europe; the token sale procedure has been elaborated and established.
- We have a coordinated professional team with an experience in developing complex projects, so we’ll reach our goals. Investments are required for boosting the development process.
- The project company is officially registered in Europe and the process of the token-sale has been worked out and fixed legally.
- Fintech is a market with a high growth potential and it already has the sufficient volume for launching the platform there. According to the team’s forecast, the project will have a significant share at the market and will change the relations between the banking system and cryptocurrency.
- CoinLoan platform solves the burning issue of the market and will be launched in Q2 2018. It’s a product with a clear concept and value which has combined the conventional loan-banking system and modern cryptotechnologies. Our community will be able to get real money in any available currency secured on cryptoassets.
- The role of the token is drastic for any investor because it directly influences the profitability. CoinLoan tokens can be applied functionally on the platform. In particular, our community members can use them for paying the platform fee after launching.
- We’ve developed the ICO from scratch including a professional website, personal token sale account, the system for accepting cryptocurrency, etc. We haven’t used any ready solutions (like Ambisafe, etc.) for the funds of the future contributions.
- The project founders invested their own funds into developing and preparing the project. We didn’t attract private contributions.
- A clear roadmap which contains the prospect and the project plan development.
We remind you that CoinLoan ICO begins in mid-November. The precise date will be announced very soon.