The true meaning of the ICO: Is it really motivating the economy?
What is ICO?
ICO is a type of raising capital for the project (usually start-up) by selling a new kind of Cryptocurrency. In order to ignore the rigidity of the normal fundraising process and regulations of the Risky Investor or Banks as well as allowing to approach the Investors more.
In any campaign of ICO, a new Cryptocurrency will be sold to the Investors by Bitcoin or another Cryptocurrency, it’ll help to get a first investment fund with a large value for the project. As normal, The project has a specific development route: how much capital to start ? how many stages ? when will finish ? how will the investor get the profits ?…
Of course, It is in the virtual world. How about the real economy? How to attract capital for a tangible product ?
Why Blockchain and cryptocurrencies?
Blockchain is expected to create a financial revolution with the technology that used to create it:
- Asymmetric cryptography.
- Distributed systems.
With Blockchain one is able to:
- Create records and record all transactions that have taken place.
- Transfer value on a peer to peer basis globally.
- Automate records and actions- thus digitising many tasks and jobs.
Cryptocurrency is created by a complex cryptosystem (asymmetric cryptography) that make its structure cannot be broken, as well as protecting it from Fraudulences. Cryptocurrency is controlled by the users, without any intervention of third-party.
Bitdeal builds a transaction ecosystem and financial management with ICO.
Bitdeal provide transation and financial management tools within the legal scope by the strength of technology . Bitdeal also builds an ecosystem in the global marketplace by providing users with management tools such as a wallet…, Bitdeal Coin and an extensive system of restaurants, stores will be allowed to pay by Bitdeal Coin with many attractive discounts.
In the process of attracting investment capital, investors can make a contribution by using Bitcoin transfer or another type of Cryptocurrency. The amount of money will be invested to expand the system of restaurants, shops.., in order to improve financial management and develop Bitdeal App, Bitdeal Wallet effectively.
Investors will receive a return of BDL corresponding to the investment amount. This BDL is accepted in all stores and restaurants of Bitdeal ecosystem.
Bitdeal will provide a Bitdeal App to search all stores and restaurants around whose different preferences when paying by BDL. Moreover, the investors will receive other rewards corresponding to their money and investment time.
Clothes, shoes, foods, health care services…are tangible products. The investors can even completely convert BDL to Bitcoin or other currencies at any time on the international exchange.
Promoting both the development of Cryptocurrency and new trading systems as well as financial management.
In the context of financial difficulties and filled with uncertainty as today, Bitdeal believes that the development of Cryptocurrency with the help of technological strength will bring tremendous potential in the effort to improve the current financial system, minimize the risk of inflation or the collapse of banking systems that used to be interfered by politics.
Relationship between the digital world and the real world.
The power of technology flows into every corner of life. The digital world reflects a part of the real world, with the desire for the world will be better. Digital world makes life in the real world easier and more convenient.
The same with the mode of raising ICO in the digital world, which is relatively easy, convenient and fast. Raising ICO in the real world will help projects avoiding the huge loans from banks or just attract some of investors.
The safety level of the investment fund.
Bitdeal has a specific route for the development. But Bitdeal always also listen to the opinions from the investor community. Transparency in finance is always one of the top factors that Bitdeal experts always appreciated . Besides, the progress of the project is always updated to investors continuously.
