Cryptocurrencies broke through the ranks of the fiat currencies to become one of the most used currencies of our time. The massiveness of the efforts they have made in the last couple of years further bolster the clamouring to be recognized as a global currency. It remains to be seen how that can be possible in the light of the many challenges facing the crypto industry. All those issues are however about to get a knock on the head because IMO is here to make things a bit easier for everybody that has interest to invest or has invested in cryptocurrencies.
Understanding the Concept Behind IMO
IMO means Initial Model Offering. It is a dedicated system that aims at curbing many of issues that have undermined the anticipated speed of adopting and using cryptocurrencies. With the range of features and the working architecture, there is no doubt that IMO would come off as better variant to Initial Coin Offering (ICO) and Initial Exchange Offering (ICO). It is the fragments in those two (ICO and IEO) that necessitated the launch of Initial Model Offering (IMO). Therefore, it wouldn’t hurt to highlight some of the challenges in IEO and ICO.
The Problems
Both the Initial Coin Offering (ICO) and the Initial Exchange Offering (IEO) are media for raising funds, issuing crypto tokens to investors, and setting the base for the launch of another cryptocurrency project.
Some of the common issues in them are the scam projects that end up carting away the raised funds, and the inability of many projects to host an Initial Exchange Offering (IEO) on a cryptocurrency exchange. There are also continuous pumping and dumping of the prices of cryptocurrencies.
The IMO Solution
IMOEX is a digital asset/cryptocurrency trading platform. It operates on the Initial Model Offering (IMO) structure. Leveraging that, it is able to solve some of the immediate and potential problems arising from cryptocurrency investments. Some of the ways it addresses the challenges are discussed below.
• No Scam Project
The beauty and many upsides of cryptocurrencies was marred by the increased spate of scam projects. Given that the currencies are burgeoning and the values are already raking in millions of Dollars, it is only a matter of time and bidding before some individuals with malicious intents began to spin the wheels the other way round.
One of the highpoints of the Initial Model Offering (IMO) is to frustrate and discourage scam projects. It does that by keeping the prices of each cryptocurrency at higher values. Also, users are allowed to vote for projects that are doing well and projects they think would do well if given the opportunity. That way, scam projects that have nothing to offer would be kicked out.
• Private Funding of Projects
Contrary to the release of all the funds at a go, IMO ensures that the funds would only be released in quarterly batches. That is to give the project’s founders/teams enough time to make amendments to the funding (if any).
Conclusion
It is now evident why Initial Model Offering (IMO) is a better variant to raising funds and managing projects better than the model presented by either of the Initial Exchange Offering (IEO) and Initial Coin Offering (ICO). You may now want to look for the next IMO project, such as IMOEX where you can invest your funds securely.
Visit the links below for more insight on this remarkable project
🌐 website
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💬Official Telegram
💬Official KOL group
Writer's info
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