Money coding promotes monetary revolution

ICO is the abbreviation of Initial Coin Offering, which, as its name suggests, is a way of raising funds in return for the initial digital cryptocurrency.

ICO is a low-profile popular version of IPO. The ICO is adapted from the term "Initial Public Offering" in the securities industry. In essence, ICO is also a 'public offering', except that the subject matter being issued is converted from securities into digital cryptocurrencies. IPO has a high threshold. For example, the hard indicator of domestic motherboard IPO is 3 years of continuous operation. The accumulated net profit in the last three years exceeded 30 million; the cash flow exceeded 50 million or the revenue exceeded 300 million. ICO has almost no threshold at present. Some projects at home and abroad can rely on a PDF white paper to get ICO to tens of millions and hundreds of millions of funds.

ICO is another evolutionary version of crowdfunding. There are many types of crowdfunding, equity-based crowdfunding, property rights crowdfunding, equity crowdfunding, product crowdfunding, and public welfare crowdfunding. However, no matter what kind of crowdfunding, in recent years, it has encountered bottlenecks in development and the market has been declining (according to third-party statistics, in May 2017, the crowdfunding platform closed down 25, and the crowdfunding investment dropped by nearly 25%). If the ICO is also classified as crowdfunding, then he is a type of equity crowdfunding. Different from traditional equity crowdfunding, ICO has very good liquidity. After the project completes the ICO, it can immediately issue equity certificates (tokens) through the blockchain, which can be traded on major digital asset exchanges, so investors who participate in ICO can withdraw at any time. Equivalent to a company directly listing in this form, issuing "stocks." Of course, this "stock" is only circulating in private channels.

To give a fictional example: Tencent's "Glory of the Kings" team came out to start a business, to be a new game called "Cosmic Hegemony". Ma Yun and Li Yanhong took a lot of money to vote for them, but they refused, they did not want to be controlled. So they launched ICO on the website and raised 500 million for game development and operation, anyone can invest. As the team's resume shines, it will be raised in 3 seconds and 500 million yuan. Then the team issued a total of 600 million "cosmic coins" through the blockchain technology (one of which is reserved by the 100 million team), and the people involved in the crowdfunding will receive the corresponding "cosmic coins" according to the amount invested. Cosmocoin has its own dedicated wallet (like Bitcoin) that can be freely circulated and traded. With the “Cosmic Coins” launched by major digital asset exchanges at home and abroad, the price of “Cosmic Coins” has soared to 100-200 yuan as the game of “Cosmic Hegemony” continues to be popular. Don't write it later, please ask the reader to think about the development company of "Cosmic Hegemony", and the need to go to Nasdaq?