ICO Service
What is an Initial Coin Offering
ICO – Initial Coin Offering – is an IPO in the world of cryptocurrencies. The point is that blockchain technology was used to issue crypto-shares (tokens) in the same way as it is used to issue cryptocurrencies. An ICO can only be conducted by a company that receives income in cryptocurrency based on the same blockchain as the crypto shares. By combining the accounting of the company’s profits and its shares within a single blockchain (e.g., Ethereum), the link between the share in the company and the share in the profits is secured cybernetically. That is, as soon as such a company receives a profit, this profit is instantly and automatically distributed among the shareholders.
Honest and fraudulent ICOs
Since it is impossible to punish a lawbreaker through the blockchain, and the crypto-laws themselves have not yet been developed (the only exception as of 31.07.17 is), many projects conducting ICOs have fraudulent forms. For example, such a form of fraud as the organisation of financial pyramids is ideally combined with the impossibility of canceling a transaction in the blockchain. Multiplied by the possibility of rapid scaling across the entire internet – read the involvement of billions of people at no additional cost – building fraudulent pyramid schemes brings huge profits and goes completely unpunished.
Fortunately, conducting an ICO with a serious, honest project brings even greater income. Literally every other day, we see mind-blowing reports of proposals made in the news feeds. Tens of millions of dollars in tens of seconds – this is the daily routine of today’s ICOs.
Investors and excess profits
The question arises: “Who invests in these super-risky projects?”. The fact is that the pioneers of blockchain technology, in particular, the first BitCoin miners, currently have colossal funds in cryptocurrencies and it is dangerous for them to directly convert these amounts into fiat money, since this affects the exchange rates of the crypt itself and their fortunes suffer even more than with thoughtless investment in every single ICO. By investing in crypto-shares (tokens) in all, including the riskiest projects, they contribute to the development of the cryptocurrency industry itself. For the pioneers, now is the time for strategic investments in their industry.
Turnkey ICO
One of our subsidiaries is an ICO service. The cost of services for conducting serious ICOs ranges from 50,000 dollars for preparation and another 50,000 for a marketing company with an event in a hall for 500-1000 people with the invitation of celebrities. You can get more detailed information on how to conduct an ICO, what properties a project must have for success, and assess the very likelihood of success by signing up for a consultation with us.
If you want to conduct an ICO of your startup, then we are ready to conduct a preliminary analysis and assess the cost of conducting it for free. We conduct ICOs for projects of all types. And thanks to the presence of strong international lawyers on the team, we guarantee that even in the case of “unusual” constructions, we will be able to organise the process in such a way that everything will be fully within the framework of the law.
Petr Masterenko
Moscow, 2017