Recently, ICO (Initial Coin Offering) has become widely preferred as a new funding tool. In general, ICO is a structural system in which a company raises funds in cryptocurrencies such as Bitcoin, ethereum and many other digital coins in exchange for tokens/coins that the investors can use for future services ran by the company.

From the viewpoint of the company, ICO is a simple fund just like stocks. For the participants, however, it appears in various forms such as a token that can be used for payment or as a coupon for using the company services. In particular, tokens used for payment can bring about huge profits when sold, once the token is listed on an exchange.

How is ICO different from the original means of fundraising?

ICO, as a type of crowdfunding, is a comparably innovative way of fundraising than stock issuance or bank loans. ICO can collect funds from diverse participants via the internet, and they can receive the company’s service or goods in exchange. The only difference between ICO and crowdfunding is that ICO distributes cryptocurrency and digital tokens, whereas the crowdfunding directly delivers goods to the participants. ICO uses the cryptocurrency to freely circulate participants’ ‘rights’ in the form of ‘coins’. Moreover, the coins allow the participants to constantly receive various benefits and services as the coins continue to exist even after fundraising.

Benefits of ICO

1. No commission fee needed

ICO enables direct fundraising or transaction between a participant and a company without having to pay a commission fee to capitals, stock companies or banks.

1. More opportunities for participation

In the past, people were able to participate only in some products offered by an agency, but ICO allows everyone to readily engage in all issues around the world via the Internet. In this way, participants can save much more time without having to deal with an agency and can also participate in with a small amount of money. Besides, it was harsh for some companies to start their businesses that are not accepted by an agency, whereas now the range of businesses have become much broader,

1. Easy to transfer

Previously, it took much time and effort to transfer one’s rights and assets to the third party; however, this process is now much more simplified, as people can quickly transfer coins and tokens via the internet.

1. High profitability

Once the cryptocurrency market forms and the value of the tokens raises, participants will gain high profits.

Nonetheless, there are some drawbacks of ICO

The fact that ICO allows a direct transaction between participants may also turn out to be a downside of ICO. To manifest, there is a possibility of purchasing less potential tokens or even being a victim of fraudulent scams. It is true that ICO may bring high profitability, once the tokens from ICO are listed on exchanges, and the transactions are activated. Participants have to thoroughly study the project beforehand and choose the most credible ICO.

Starting with Bitcoin in 2009, more than a thousand different types of cryptocurrency have been created until today, and about 500 of them are used for transactions. The cryptocurrency market is still growing, providing people with more and more cryptocurrency coins. In this situation, it is difficult for an individual to obtain information on all new cryptocurrency and it requires a tremendous amount of time and effort to find the most credible coin. When professionals from this field verify and select the coins for the participants beforehand, however, it will save much more time and even bring higher stability and profitability.

OZEX helps participants to select the right ICO while minimizing any risk of scams and maximizing profits. OZEX platform is developed and run by multiple professionals from diverse fields. Our project enables all registered users to purchase other new OZEX-verified tokens, by providing users with tokens offering high potentials. To assure a right ICO investment, the OZEX platform prioritizes understanding the high stabilities, conveniences, and profits of an ICO investment.

@OZEX ICO will last for more than two months, from 20 June to 28 August 2018. During this period, OZEX will airdrop three different tokens that are verified and has high potentials over three rounds, no matter how many OZX tokens you possess. In the first week of each round, 50% bonus for OZX token will be distributed, and the new tokens of each round will be additionally given at the rate of 1:1 OZX.

We have successfully seen an early ending of the first round in just 25 hours, thanks to people’s active participation. We have airdropped LEGALBLOCK in the first round already and are about to announce the new token for the second round. The second round of OZEX ICO will continue from 11:00 AM GMT, 16 July to 11:00 AM GMT, 6 August 2018.

After the ICO period (est. end of August) finishes, OZX token is planned to be listed on one global exchange. Moreover, OZEX team is now also making an agreement with several other exchanges from all over the world.

For more information, please refer to the official OZEX channels below.

Webpage : https://ozex.io
Whitepaper : https://github.com/ozexproject/OZEX-Whitepaper
Bounty promotion : https://bit.ly/2IZNfRo
Twitter : https://twitter.com/ozex_official
Facebook : https://www.facebook.com/OZEXproject
Medium : https://medium.com/ozex
Steemit : https://steemit.com/@ozexproject
Telegram (Global) : https://ozex.io/telegram
Instagram : https://www.instagram.com/ozex_official/
Bitcoinforum : https://bitcointalk.org/index.php?topic=4355099.0
OZEX white paper v1.1 — https://github.com/ozexproject/OZEX-Whitepaper
Official OZEX email address: [email protected]