As former UBS chief technology officer and leading blockchain expert Oliver Bussmann recently said, «
ICO as a new business model leveraging blockchain technology will sustain as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and currency.»
Not exact matches
Instead of seeing all these IPOs on Wall Street where Wall Street takes a huge fee, we're starting to see this
new phenomenon referred to
as Initial Coin Offerings (
ICOs) which are these
businesses coming out and not paying fees to Wall Street, but coming out and issuing a coin, almost like a crowdfunding where people that put money in get a coin which inherently is a piece of the system.
As this popular
new fundraising method provides a simple and fast method to acquire serious funding, there has been «tremendous momentum» growing around
ICO launches among
new businesses in the blockchain industry, the report said.On the other hand, the report also detailed that there are high risks associated with
ICO investments.
In the press release that accompanied the Staff Notice, Louis Morisset, the chair of the Canadian Securities Administrators (CSA) and the head of the Quebec securities regulator, is quoted
as saying: «The technology behind cryptocurrency offerings has the potential to generate
new capital - raising opportunities for
businesses and we welcome this type of innovation...» The press release recommends the Staff Notice to anyone ``... planning to raise capital through an
ICO or ITO, or that is seeking to establish a cryptocurrency investment fund.»
Beyond flexibility, technologists view
ICOs as enabling
new business models for open source projects.
The country is currently working on regulatory matters that would effectively control the use of a initial coin offerings or
ICO's
as a way to raise capital for a
new business.
The Big Four accounting firms (Deloitte, EY, PwC, and KPMG) affirm the cryptocurrency's worthiness by embracing it and continuously adapting their services for
new business models, such
as crypto exchanges, crypto funds, and initial coin offerings (
ICOs).
Overstock's tZERO platform is adding
new business services
as part of its high - profile initial coin offering (
ICO).
Whilst traditional loans are typically expensive and difficult to secure in Russia,
businesses have proven interested in
ICOs as a promising
new vehicle for raising seed funding and to accelerate the launch of
new business ideas.
Decema brings over 10 years of experience to each of its facets — digital marketing, VC and
business advisory, and software development — for
new ICO's, and hopes to contribute to the long term growth and success of the cryptocurrency market
as a whole.