The ICO of ICOs: The Real, Raw Low-Down On Ronny Boesing's "Decentralized Conglomerate's" Latest Crypto-Catalyst, ICOO...
Frankly, I don't know where to even begin with this one. There's some serious, potentially-game-changing crypto developments in the works under the lead of Denmark's Ronny Boesing and his "Decentralized Conglomerate" that are WELL-deserving of a lengthy series of articles...
I got the opportunity to hop on Skype with Ronny at Starbucks this afternoon and scratch the surface chatting about just some of the many (non-confidential) things he's got in the works. Nearly four hours of talking later, the confidence was solid: he's a real player making moves, and one to keep an eye on.
On the surface, Boesing seems like a humble, down-to-earth man. A straight-shooter - friendly, optimistic, a serial entrepreneur with a couple decades of experience in the music industry, family man, father of six children. Though diving deeper, it's clear Ronny's no ordinary joe - bordering somewhere between a visionary, top-level entrepreneur leading a disruptive blockchain revolution and a freak of nature, in his ability to manage so many moving parts of such an intricately-complex crypto-ecosystem with such a small team, at the moment.
Some might know Ronny as the man behind CCDEK, Denmark's first official cryptocurrency exchange - which has recently undergone a transformation to become a cryptocurrency enterprise, with the exchange being rebirthed as the World’s First Decentralized, Multi-Lingual Fintech Exchange, OpenLedger.
Built on Bitshares 2.0 MIT-licensed Graphene technology - Bitshares being Steemit's 'big brother,' also founded by Dan Larimer and continually supported by a strong community, many of whom have also played key roles in Steemit's development - the exchange has received attention in Forbes multiple times while expanding its userbase and cryptocurrencies tradable. It's been a fast-paced journey in the crypto game, since attracting investors to start CCDEK in 2014, to launching OpenLedger last October - yet the exchange(s) have only been one piece of the puzzle in a much larger vision and master plan for transforming the cryptocurrency space...
Since his arrival in the crypto scene only two years ago, Ronny has been growing an synergistic ecosystem of projects supporting one another, the Bitshares platform, and the larger cryptocurrency community. This article on Forbes nicely sums up the Decentralized Conglomerate's structure - one that's actually pretty hard to wrap your head around at first, given it's multiple components of the OpenLedger exchange, OBITS Bloggers Club, decentralised advertising network, BitTeaser and corresponding BTSR cryptocurrency - AND now, ICOO...
(And oh yeah, I nearly forgot to mention Ronny had also been appointed as CEO of Coinsbank earlier this April, after having proven his reputation working with the founders. That innovative crypto debit card and crypto/forex exchange is another piece of the puzzle - with plans being worked on for flawless integration with OpenLedger & the whole ecosystem. But that's a whole other story in itself.)
What Exactly IS ICOO...?
Standing for "Initial Coin Offering OpenLedger," ICOO is:
a) a crypto token of its own issued & tradeable via CCDEK/OpenLedger
b) a "crowdfunding 3.0" model making it possible for...
i) businesses to leverage the platform & ecosystem to host an ICO
ii) ICOO token holders to be amongst the first to buy & trade pre-sale ICO tokens, and will split 4% percentage of profits from ventures using the Decentralized Conglomerate's platform for their ICO fundraising and cryptocurrency infrastructure.
In some ways, it's similar to The DAO model. Actually, the idea was birthed when OpenLedger began selling DAO tokens and saw the potential of the model as a crowdfunding option.
However, unlike The DAO - which most of us know failed quickly - there are some key differences with ICOO that may make it a much more attractive option to both businesses seeking a fundraising vehicle and investors wanting to get in on the hottest, new ICOs...
Not just anyone can submit a proposal and access the funding pool. Rather, two-to-four crowdfunding projects will be chosen per month by CCDEK's executive team based on their structure, geographical location, and merit of their value proposition - both as individual enterprises promising to offering exceptional products/services to the marketplace and/or hold the potential to add component value to the DC ecosystem.
Some of the ICOO's fund pool, as raised through the ICO and continued revenue sources, may be invested into the chosen crowdfunding projects. However, the majority of funds generated for any given campaign are to come through the ICO itself, not the ICOO fund.
Also, CCDEK offers a suite of service packages for businesses to assist them with not just the technical side of the ICO, but a wide range of marketing, advertising, design, escrow, distribution, subscription, and other components they might need to accelerate their growth.
While ICOO hasn't officially launched yet - and will be making their first monthly distribution of dividends starting October 3, as well as publishing a fully-transparent ledger of reserves allocations on the website - some projects the DC has invested so far include the UK-based Razormind's "DeOS" (Decentralized Operating System), Heat, Nexium (from "Beyond The Void"), Bitcrystals (from "Spells Of Genesis"), Nxt's Ardor, and Bitland - a venture bringing blockchain technology to more humanitarian uses in its implementation upgrading the land registry system and related local infrastructure in Africa.
Sound cool? It is. And it's just the tip of the iceberb.
Granted - THIS IS NOT INVESTMENT ADVICE.
Ronny has been hustling and making moves - many of which he's unable to publically discuss at this point. However, nothing in life is guaranteed - and NONE of what's shared in this is to constitute as investment advice.
If you're interested in getting in on some of this action, do your own due diligence yourself, read all the linked articles, and make your own decisions.
Considering the DC's been making connections with a number of players in the crypto-game, they may be well positioned for some very fascinating collaborative projects soon. Or, they could go belly up. I won't pretend to know. But I will say that I'm invested, because I've got a similar hunch I had with Steemit when my gut told me to start writing like a madman - and that investment of time has indeed paid off.
Also check out Ronny's post here on Steemit, 5 Good Reasons To Invest In The ICO of ICO's - ICO OpenLedger (ICOO.io).
Refuting The Bitcointalk Trolls...
One other important point I'd like to address in this...
In doing my homework on Ronny, I came across two distinct groups of people who had contrasting opinions & viewpoints of him:
- Those who've worked with him, speak/write very highly of him as a man of solid character and integrity, whose manner of respect with which they spoke speaks volumes about their own integrity.
- Typical forum trolls who form quick judgements based upon incomplete facts and angrily attack people making moves without full consideration of all details in a matter, throwing him in the category of a scam artist to their own misunderstanding of what goes on behind the scenes in the long-term.
In doing due diligence, it's important to take in all perspectives on a manner/person/project.
And when I had come across a number of people in the ICOO Bitcointalk thread speaking negatively about him, I allowed their perspectives to taint my trust - despite reading elsewhere that he's a man of strong character & integrity.
However, before taking everything you read in an internet forum as truth, it may be wise to read the patterns within the behavior of both parties.
The people bad talking Ronny in the cryptospace - if you do your due diligence on them - can be found talking shit about alot of people. Haters will hate. Meanwhile, the ones they hate on are in the game making things happen. The results might not show overnight, and the haters might not be able to see what's going on behind the scenes or brewing underneath the surface, jumping to quick conclusions. As such, people will say what they will - but it doesn't necessarily make it true.
I may not have spoken with Ronny for more than 4 hours, though the way he conducted himself and openly shared his knowledge, experience, and vision spoke FAR greater than any forum troll whose never once spoken directly with the man.
In the blockchain game, reputation matters. And from what I observed from a distance, Ronny Boesing has been building his steadily & solidly.
So despite my not buying into the haters' slanderous comments I found on Bitcointalk, I feel it necessary to at least acknowledge this matter - so as to clarify for anyone else who might stumble upon the same content while doing their due diligence, that it may be worth double-questioning everything read in an internet forum from people who have nothing better to do with their time than be aggressively skeptical rather than ask questions to better understand what may not always be simple on the surface.
And if anyone here has personal experience or insight that would prove none of this lives up carrying on the standards of integrity of the Bitshares community and its founders, by all means share in the comments below to add your valuable perspective to the dialogue.
(And the whole topic reminds me of this quote below...)
So there you have it.
Mr. Boesing's been hard at work drafting up and executing a master plan that may very well prove Decentralized Conglomerates Will Scale Better than Bitcoin. And if you're interested in what new hot developments are happening in the world of cryptocurrencies, you'll probably want to add him to your list of people to follow.
And if you're curious about getting in on ICOO, there's just over 24 hours left for the ICOO initial token launch, as it ends 3am EST on August 1, 2016.
ICOO tokens can be bought on OpenLedger in USD, EUR, Steem, Steem Dollars, USDT.
If you miss out on the ICO, however, you'll still be able to trade ICOO and keep up-to-date on price movements on OpenLedger. And if it all does happen to roll out as planned, keep your eyes out for a couple hot new ICOs per month from the Decentralized Conglomerate...
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