What is an ICO?

An ICO (Initial Coin Offering) is a financing method that some companies (usually startups) use. Through an ICO, companies offer individuals a number of units of their cryptocurrency or token that represent products or services and, in some cases, even equity.

More than R$70 billion raised through ICOs

As you can see in the above graph, ICOs are quite new and, between the last quarter of 2017 and the start of 2018 there was a boom, which resulted in more than $19 billion being raised through the sale of new cryptocurrencies and tokens.

This material is merely informative, aimed at clarifying what an ICO is and how it works, and having no direct relation with our business model. If you would like to know Bancryp better and participate in our token pre-sale, you can find a summary and our official channels below.

Bancryp’s ICO

Our public ICO will be launched in the beginning of October, 2018 and, between July and September, we will be offering a pre-sale of the XBANC token with additional bonuses that won’t be available during the ICO.

All issued tokens will be exclusively owned by their holders and do not have a time or validity limit. Additionally, after the ICO, the value of each XBANC token will be determined by the holders themselves.

To learn more about the use of the XBANC token CLICK HERE

You still haven’t requested your invitation? CLICK HERE

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