The Freedom of Fundraising with Crypto
By: FIAT Exchange
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/
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