The Freedom of Fundraising with Crypto

TALLINN, Estonia - April 6, 2020 - PRLog -- Those of us who have been crypto enthusiasts for the past few years will probably know a great deal about Initial Coin Offerings by now. They were once held by some as the most incredible, useful and exciting way to democratize investment and enable start-ups and even established businesses get the funding they need to change the world, one industry at a time. Sadly, the sins of man became apparent early on with all of the scams they entailed.

However, ICOs did enable anyone, anywhere in the world, to fund a business via a token or coin offering, albeit the barrier of entry being ridiculously low. All it took was one guy's good idea, a white paper, and a little bit of cash to spend on marketing. Some of these coins offered securities, effectively sharing in the business that was created. Others offered utilities as one would use coins to spend on products or services offered by the coin creator.

Truth be told, not all were scams. There have been many successful ICOs in the past, including NEO and Filecoin. The only thing was, for the most part, the ICO world was dominated by poor quality companies touting out ideas they couldn't perform, or just outright scams per say.

This is why all of the world's financial regulators took action to ban ICOs. In many other countries, these regulators are drawing up legislation to limit ICOs or ban them all together. Where then can we turn to for our fundraising needs? Do we go back to the traditional forms of debt and bank leverage? Do we stick to the expensive IPOs? What normal company could even afford to do so? Will fundraising forever be exclusive to the rich and powerful?

No. We have an option.

Read more on: https://medium.com/fiatxs/the-freedom-of-fundraising-with-crypto-a62b3d8367d3

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