An initial coin offering (ICO) or initial currency offering, a type of crowdfunding using cryptocurrencies, is a means of raising capital that has been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering.
An ICO can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project launches.
ICOs provide a means by which startups avoid costs of regulatory compliance and intermediaries, such as venture capitalists, bank, and stock exchanges, while increasing risk for investors. ICOs may fall outside existing regulations depending on the nature of the project or are banned altogether in some jurisdictions, such as China and South Korea.
Almost half of ICOs sold in 2017 failed by February 2018.
There is one ICO which can help to maintain our ENVIRONMENT known as SET (Save Environment Token).
SET (Save Environment Token) is an upcoming cryptocurrency dedicated to saving the environment by reducing the overall carbon footprint. Something that I liked about this platform is that it’s not focused on profits, but is a way to protect and give back to the community.
The coins are called SET. These coins are acquired by purchasing or renting Wardwizard’s eco-friendly product, the parent company of SET. What I liked about their business model is that they are offering third-party manufacturer integration as well. Users who purchase these products through the SET token receive additional discounts.
Seeing multiple companies focusing their efforts and resources towards saving humanity brings a sense of relief. However, it will take years of continued hard-work to see significant changes in global temperatures and pollution levels. At least we are on the right path.
You can visit its Bitcointalk Thread:
https://bitcointalksearch.org/topic/bountysave-environment-tokenset-190k-worth-of-set-tokens-join-now-4361604Save Environment Token’s Team is giving 1 Million (~$190k) SET Tokens for Bounty programs. The Bounty program will run until the November 4th, 2018. We invite you to participate in our bounty campaign to support Set4Earth and to build a powerful community.
To register bounty program, please click here:
https://goo.gl/PMK8Kj