The Intrachain ICO
Dear Intrachain Community,
The moment has finally come and our Intrachain ICO is near.
Before we talk about all the details, we first want to generally introduce the idea of an Initial Coin Offering (ICO).
An Initial Coin Offering refers to a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. An ICO can be compared to the similar mechanism of an Initial Public Offering (IPO) in which investors purchase shares of a company. However, there are two important differences. Participating in an ICO:
- You are not going to own a share in a future company.
- It must be somehow connected to a blockchain.
ICOs are a relatively new phenomenon but have quickly become a dominant topic of discussion within the blockchain community. ICOs are easy to structure because of technologies like the ERC20 Token Standard, which abstracts a lot of the development process necessary to create a new cryptographic asset. Most ICOs work by having investors send funds (usually bitcoin or ether) to a smart contract that stores the funds and distributes an equivalent value in the new token at a later point in time.
Now, let’s talk about out Intrachain ICO!
Who can invest?
Our CEO Arne already explains it in the video above: Everybody can participate in our ICO. This includes big corporations who wants to use our software in the future as well as private investors who want to be part of Intrachain’s success and use Intrachain private.
Why should you invest?
Our solution is one of a kind! Our software combines process mining and process automization in accounting. Our token supply is limited and will decrease over time. This is because of the fact that with every transaction made, a certain percantage of token will be burned.
Intrachain is not just a vision — Intrachain has a prototype which is finalized and currently tested with several pilot customers.
Why do you need the Intrachain Token?
The Intrachain token is a utility token which will be used to operate our private blockchain. You will pay with it for our process mining as well as for the transactions done on the accoutnting blockchain. The token enables you to use our software solutions for a certain amount of time.
What can the Intrachain Token be used for?
After the ICO, you can use the Intrachain token to sell it to other corporations or private investors. YOu can also use the Intrachain token for our process mining engine and our accounting blockchain.
How does the Token Sale work and when is it scheduled?
To stay updated on the Intrachain token sale, you can find all of the information on our homepage as well as on: Telegram, Twitter, Facebook, and Medium channels.
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