How ICO Is Becoming A New Financial Norm

“Tech is like sport — it takes practice to stay in the game”- Frédéric Oudéa

The first major ICO was conducted in July 2013 by Mastercoin, but ICO fever gained real momentum in 2017. Since then, there have been a lot of scams, many abandoned communities and run-away CEOs. And at times, we saw amusing projects come to live: we have witnessed a successful raise of Crypto Kitties and an unsuccessful attempt of Prodeum’s ICO to put tomatoes on the blockchain.

The idea of considering ICOs as an effective and common way of gaining capital for a business might seem unrealistic for some, due to the scams and hardly ever seen fruitful results of ICOs. However, if we look back in time, we can remember the fright that we had when giving our credit card info to make a purchase online. We can also remember a sense of security we felt when giving the same card to a shopping assistant in a shopping mall. We started to trust technology, if not more, than the same, as we trust people. Something about seeing the transaction, rather than imagining it, lulls us in a false sense of security.

The same will happen to ICOs. We will start trusting them when we see sincere actors emerge. We will see an imperative to contribute, to participate, to launch them, to regulate them and to take them as a new financial norm.

More and more countries allow ICOs and are moving towards their regulation. Developers of apps are also taking ICO as a given financial reality. For example, Telegram passport offers a unified authorization method for services that require personal identification and helps you to ease the process of uploading your ID documents for finance purposes and an ICO’s KYC requirements.

There is a great potential in ICOs: they allow future-makers with bright ideas to tap into the same resources that are available to other start-ups with big investors on board. The game is becoming more fair — businesses that lack financial resources can compete and even outpace other emerging and established businesses with large seed capital.

As more and more players emerge, ICOs will become a norm of funding start-ups.Sincere and authentic players already find the imperative to excel under the scrutiny that has been brought about by the scammers and “ICO gold diggers”. It is quite a narrow path to walk, but with a strong community, proper regulation, security measures and good management stunning ICOs, like Ternion, will break through the cynics and ceilings.

Never miss an update:

Facebook https://www.facebook.com/ternionofficial/

Telegram Chat — https://t.me/TernionOfficial

Telegram Channel for announcements — https://t.me/TernionAnnouncements

Twitter — https://twitter.com/ternionofficial

LinkedIn — https://www.linkedin.com/company/ternionofficial/