How ICOFY Invented IDO Initial Dapp Offering Before Binance Dex IDO
Many in the crypto world are today familiar with IDO (initial Dex offerings)after Raven introduced them on Binance. Not many however would know who came up with this creative idea. ICOFY, which recently completed a private funding round, is where the concept of IDO - Initial Dapp Offering first took shape, as outlined in its whitepaper.
The ICOFY Dapp project began in May 2018, and its whitepaper is the first place to cite the IDO concept. The Raven Protocol was listed on June 17, 2019 on Binance DEX along with the listing of Raven.
ICOFY has been created as a platform to bring at one place investors, blockchain projects and traders. The ICOFY dapp is one of its major offerings, the other being ICOFY Search, which is based on the SatoshiMars artificial intelligence algorithm.
What is the ICO voting Dapp meant for? It is a voting engine that works on the community vote. A multi-blockchain token sale dapp, it is intended for ICOs and investors with proof of community feature, giving visibility to tokens and projects, and allowing investors to filter out promising projects and ICOs. Just as Binance created the IEO, the ICOFY IDO is meant to create a progressive revolution.
The ICOFY dapp works with a simple mechanism. A minimum ICOFY token balance is needed to login to the voting platform via metamask. Each month, ten ICOs are listed for voting. The top three of these are then reviewed across both quantitative and qualitative measures. The winning ICO or STO then gets the initial dapp offering with attractive prizes, including up to $250K in capital and promotional campaign.
“Both investors and ICO projects stand to benefit from the ICOFY dapp. The investors can see the promising projects using proof of community and max profit potential. Project owners and teams can get exposure to the community, whether they win or not,”
As an innovative platform, ICOFY offers multi-chain, decentralized apps and AI based tools. The platform was conceived noticing the hurdles that ICOs and investors face, with the former missing out on their audience, and the investors often being late to join promising ICOs.
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Website: https://icofy.io
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