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RE: Why STEEM is more valuable than you think

in #steemit7 years ago

Initial Coin Offerings provide a way for companies looking to integrate blockchain tech to kickstart their operation by selling their own token. The number and initial price of the coins are determined by the team and anyone who believes in the company and/or the financial potential can purchase the distributed amount. We’ve seen companies ICO for 10s, even 100s of millions, all without giving away even 1 percent of traditional “company shares.” This changes the whole decision-making dynamic of businesses and opens up new ways of empowering the token holder compared to how stocks/shares operate after an IPO.

Do you think ICOs will be a mainstay and valuable tool for the foreseeable future? Or do you think it’s a short-term gimmick? Do you ever see yourself pursuing an ICO?

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