We All Know ICO/IDO. But What about IBO(Initial Bot Offering)?
In the crypto space, you’d come across popular terms like ICO (Initial Coin Offering), IDO (Initial Dex Offering), IEO (Initial Exchange offering). These are fundraising methods that projects initiate to crowd sale for their project. In a nutshell, these terms are used for raising capital.
Throughout the ICO, IDO, or IEO, projects pitch their projects to the public to attract prospects and successfully raise funds.
But what about IBO (Initial Bot Offering)? A budding start-up called RoboFi (www.robofi.io) plans to introduce the new concept called IBO. In this article, we will explain what IBO is and how it works.
RoboFi is the first defi platform that bridges bot creators with individuals thru IBO.
What is IBO(Initial Bot Offering)?
The IBO concept, which is similar to an ICO, was introduced by RoboFi. In an ICO, a crypto startup receives funds through selling their own token/coin to their followers. IBO stands for Initial Bot Offering. The initial bot offering makes it possible for bot creators/trading strategy developers to offer their bots and services to the public and specially to the RoboFi community.
The IBO delivers great opportunities to bot creators to raise capital easier. During IBO, bot creators show off their crypto trading bots on the RoboFi platform, which users evaluate. Users who participate in the IBO will not only own the governance shares, but also acquire other rights such as voting rights. Essentially, the users become the bots’ governance shareholders.
IBO enhances the overall market process of crypto trading bots. While bot creators raise capital, users enjoy the service of institution-grade crypto trading bots.
Before IBO listing, the crypto trading bot go through a stringent selection process. Only high-quality crypto trading bots make it through the IBO stage. To see the bots criteria, click here to read about bots criteria.
RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.