The Good And The Bad Sides Of Initial Coin Offerings

Cryptocurrencies are the new craze in the world of finance. Anywhere you look, one financial enthusiast is trying to get a grip with the world of cryptocurrencies. They are digital currencies; they are not minted in a central bank or regulated by a sole administrator.

They, however, hold a whole lot of value and are used for transactions. Their secure and decentralized nature made them an almost indispensable asset for several industries.

This brings us to initial coin offerings (ICOs). They would not have been possible without the existence of cryptocurrencies. In the short time that they have been in existence,  ICOs became the latest trend in business circles. Simply said, they are are the best way for a startup business to generate investments.

How Do ICOs Work?

Startups offer investors a chance to purchase their tokens at considerably low prices in exchange for valuable cryptocurrencies such as Bitcoin, Ripple, and Ethereum. Due to the low prices of tokens, successful ICOs usually end up raking in millions in investment for the startups. Depending on how successful the startup businesses turn out to be in the future, investors can sell tokens for huge profits.

When Did ICOs Come Into Existence?

This might be very surprising to you, but ICOs are very young. The first one ever took place in 2013 and was held by Mastercoin. The next big ICO was done by Ethereum, which raised over two million dollars worth of investments within the first twelve hours of the process. Today, this cryptocurrency is one of the world's most valuable digital currency.

ICOs became the norms for startups soon after that. By the end of 2016, over a hundred million dollars were raised this way. Last year, that total figure grew to an unprecedented $1.25 billion.

There is no denying it, ICOs have been very vital to the economic and business development of the world as a whole. However, like with every new idea, there are many people very skeptical about this way of funding startups. To be honest, this is a very controversial topic.

Many financial analysts have raised the fact that it is highly unregulated as a major turnoff. Such concern is backed up by the fact that many ICOs were followed by some serious scandals. There have been huge scams and cases where investors have lost entire investments.

However, there are also several important advantages of this way of funding, which continue to attract an increasing number of worldwide investors. Some of the advantages include:

  • Middlemen are cut out

  • ICOs are available regardless of your location and nationality

  • Offer cheap avenues of investments

  • Allow you to contribute to the technological development of the globe.

Revolutionary Way to Get Funded: ICO Roundups


Verified ICO Review: (TEMCO) Token Sale & Blockchain Platform

TEMCO LABS | MISSION

Small and medium-sized enterprises (SMEs) do not have sufficient infrastructure or financial flexibility to offer supply chain management data to their customers. On the other hand, customers want more information about their orders more than ever. In the existing system, they only have access to basic shipping logs and estimations.

Using blockchain and smart contracts, the Transportation Enterprise Merchandise Customer Organization (TEMCO) Project will revolutionize supply chain management through innovative technology.

Our project will provide greater transparency and reliability across the entire supply chain process to deliver trustworthy information that empowers businesses and consumers.

Temco Labs Facebook | Twitter | Reddit | Medium

  • Increases consumer trust from transparency & reliability across entire supply chain process
  • Improves efficiency for businesses through streamlining supply chain
  • Reduces cost for SMEs introducing management infrastructure & data analytics

Temco (TEMCO) is a supply chain management solution on RSK’s Bitcoin-based blockchain that allows businesses and consumers to segregate portions of the supply chain and access accurate data in real time, resulting in greater trust and transparency, as well as improved efficiency.

Holds everyone in the supply chain process accountable

The current supply chain infrastructure is broken, which regularly results in serious hazards for consumers, for instance, the possibility of illness and death as a result of improperly stored or handled food or medicinal products. There is a lot of pressure on supply chain managers to address concerns around these issues, but the system fails because there’s no suitable method in place for monitoring pre-delivery stages, and SMEs frequently don’t have the resources to implement them.

Temco proposes a three-part business model:

  1. Develop blockchain-based supply chain network
  2. Develop big data analytics tool and launch Temco market
  3. Provide big data analytics service and data

Need for consumer trust & SME infrastructure dictates Temco’s market potential

Every time there is an outbreak of foodborne illness, consumer trust in companies wanes, which can have damaging longterm repercussions. Temco’s team points to the 2017 pesticide-contaminated egg crisis as a recent example. The government...