The Investx Platform is breaking the model of raising capital - by leveraging blockchain technology.
Why Blockchain?
Blockchain technology brings new opportunities to work in a open and transparent fashion. Investx are able to build their own currency using a token.
Tokenisation unlocks the ability to safely and securely represent an asset and allow holders of the asset to interact and transfer underlying token. On the Investx platform the token is called INX and it represents currency that can be used to invest in UK companies looking to raise capital in return for shareholdings.
Why is it safe, secure, open and transparent?
Investx are building a token on the Ethereum Blockchain. This is a public and decentralised blockchain meaning the data is stored on thousands of machines around the world and the information can be read by anyone. This brings transparency — all transactions and transfers can be verified by anyone and at any time.
Being decentralised there is no middle-man or central authority that can mutate, hide, influence, or delete anything. This is a good thing. Trust is inherently baked into the network (not the individuals using it).
Security is delivered by public key cryptography. Mathematical formulae are used to encrypt and sign all transactions that take place so the identities of all parties involved can be irrevocably proved.
Ethereum, Smart Contracts and the ERC-20 token standard
At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralised applications.
Smart contracts are computer code that can facilitate the exchange assets (or anything of value). A smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met. As they run on a blockchain there is no danger of censorship, downtime, fraud or third party interference.
The Ethereum blockchain is, without a doubt, the most active smart contract platform in existence. Of the top 100 tokens by market capitalisation, 94% are built on top of Ethereum. Of the top 800 tokens, 87% are built on Ethereum. Most of these tokens are “ERC-20 tokens,” which made possible the majority of the $5.5 billion raised through token sales in 2017 and the $6.5 billion raised in just the first quarter of 2018. [source]
ERC-20 is a technical standard or blueprint used for implementing tokens within a smart contract. The standard defines a common list of rules for tokens to follow within the larger Ethereum ecosystem. These rules include how the tokens are transferred, balances maintained, and how data within each token is accessed.
The INX token has implemented this standard and is fully ERC-20 compliant, therefore, your tokens and your balance can be seen in universal cryptocurrency wallets and theoretically be listed on 3rd party exchanges.
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