When you talk of cryptocurrency and Crowdfunding, the first concept that comes to mind is the Initial Coin Offering, the ICO. The ICO has become a renowned concept today. We shall concentrate on alternate ways of Crowdfunding in Crypto Space.
The IDO – Initial DICE Offering
DICE is going to be the future of cryptocurrency. The most significant advantage of DICE is that it has the qualities of Fiat Currency as well as Cryptocurrency. DICE does not need a wallet for storage. It works outside the Blockchain technology and hence provides an easy way of raising funds in crypto space.
In comparison to the traditional methods of fundraising, IPO in Fiat currency, and the ICO in cryptocurrency, the IDO is incredibly cost-effective. The expenses associated with an IDO are minuscule. The only costs you incur are the cost of the operator’s server equipment and supporting software programs.
A new operator enters the DICE Economy through the IDO. On becoming a new operator, the business does not have any DICE at all. It has to encourage users to start mining and generate value. Every new excavated DICE unit that enters the economy adds to the valuation of the operator. By paying in DICE to the operator, the miner can acquire equity in the business.
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