What is Komodo?
According to their whitepaper, Komodo's focus is "on empowering users with Freedom through blockchain technology". With Komodo's platform, developers can develop their own freestanding blockchain with the added value of proven security and the ability to scale as much as you like. Komodo also provides a platform for blockchain companies to crowdfund giving the option to either have a conventional ICO or a decentralized ICO. Post-launch you can either stay in the Komodo ecosystem or move your project to another chain. Tokens are automatically issued and are immediately available to trade.
Decentralized ICO
Komodo is one of the first projects to successfully create a dICO ecosystem where users can invest in projects privately. None of the teams nor Komodo will ever know who participates in these dICOs. By using smart contracts, investors can purchase their tokens and receive them without having to go through any type of verification. Komodo has also taken the extra step in releasing funds in different increments so that investors can?t buy up sizable portions of the sale.
This technology is groundbreaking in the ICO realm. This opens many doors for people who want to invest in projects around the world. By remaining decentralized, investors can trust that the system will operate exactly as planned and projects have the added peace of mind that everything is running automatically.
BlocNATION ICO Information
The first project to launch a dICO on Komodo?s platform is BlocNATION. They are a project tackling the many issues that people face when dealing with live events and travel around the world. The dICO began on May 3rd and they have currently raised 4.5% of their first stage goal. Check it out here: https://blocnation.io/
Quotation source and photos: www.komodoplatform.com
Only time will tell if these "private" exchanges hold up
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