The ease with which new coins can be produced for different uses has created a new phenomenon
Known as Offering Coin Initial and in short, ICO
In the issuance of a new token, representing a new technology or application, and from the moment it comes
It can always be bought and sold and the trade begins. To understand why the ICO is successful and what it is
The message that they bring to the world economy, we need to know how it was recruited to this day
Capital in favor of technology initiatives.
In Old World, the one that was here until yesterday, money goes with money, and whoever climbs up
The ladder pulls the ladder up with him, distances himself from the herd, and strengthens his advantage.
For example, when Mark Zuckerberg set up Facebook and asked to raise capital to develop the
The app that will later change the world, is addressed to a very limited number of people
Rich and venture capital managers based in California, and offered them his vision,
Some of them saw the potential, invested their money, and after a few years became rich in a way
legendary. Only much later, long after the great jump in its value, had it become
Facebook is a public company; And only then was it possible for the public to buy Facebook shares that up
Today there was no other choice.
Until recently, start-ups could raise substantial capital
Only from large funds and investors, so obesity, in terms of growth potential, is reserved
Was always the business cream.
But then Satoshi and the carpet came to the world in one fell swoop.
In the crypto world, the first right is open to everyone. Any of us can be
The legendary investor who was there on the first day and then cut a fat coupon; And everyone
We can also put his money on the deer's horn and lose it overnight. The ICO is a phenomenon
Which allows anyone to raise capital from the public, and to let the public judge for itself
Real technology, if it has value and if it has a vision; And accordingly, decide whether to purchase
The new Sukuk at the time of the offering and thus inject money into the company's coffers and hold a "stock"
In a form of tokens that will give him a share in the success of the new coin.
Indeed, the first buyers of a new currency in its early days have a chance of missing returns
precedent; And, of course, very high risks. Purchase of the Atrium in its early days, before
About two and a half years ago, has brought a yield of about 100,000 percent. You may be scrubbing
Your ears, but this is not a mistake: investors earned a thousand times! Do you know anyone?
Somewhere that has achieved such returns in the past, in some area of investment?
The ICO does not occur far from overseas; They're right here too. Bancor (Bancor)
Israel, for example, has developed a Token called BNT based on Atrium, enabling companies
Produce their own tokens quickly and easily. In June 2017, Bancor made an offering Of her new Toucan; And the purchasers transferred to the digital wallet of Bancor Tocans
And in exchange received BNT tickers (one hundred BNTs were equal to one ETH
On the day of the issue.) Within two and a half hours, Bancor raised $ 143 million in funds.
In retrospect it turned out that this was the largest mass mobilization in history.
Unlike raising capital on the stock exchange, this recruitment was carried out for a start-up without a history
A prospectus, without supervision by the Israel Securities Authority (at this stage), and mainly: as open recruitment to the world
All and not to a local market. The ICO represents the next stage in the evolution of capital raising
And the establishment of technological initiatives; In addition, the underlying technology enables, for the first time,
The establishment of completely decentralized organizations whose management and economy are based on Tokens
Marketable and not on shares developers. This structure is 180 degrees different from the membership structure
Traditional and centralized. A world of distributed applications and organizations is opening up.
Of course she's a thorn. The public is flocking to new offerings but there are many ICOs,
And perhaps most of them, which do not represent any real value or technology and are nothing but an illusion
Which will be revealed immediately after the entrepreneurs receive the masses' capital. But the crooks and the deceitful already
We dealt: they do not change the essence of things. In practice, the decentralized, decentralized structure,
The open and free exchange of the crypto coins opens new doors for entrepreneurship and the movement of money,
From the small man to every entrepreneur, and he allows everyone his own ladder on the road to independence. No
Only a new path to money was paved here: for the first time in history, each of us, of all
A place on the globe can itself become a world giant. It is possible to develop coins
To become a bank, to offer products and services, to raise capital and to solve problems for millions
people. To do all this is not required more than a mobile phone. The world is in the palm of our hands.
Give the emperor what belongs to the emperor?
It seems that you will not fall off the chair if you say that the classical financial world is not destined to deploy
A red carpet at the foot of the Bitcoin; And it is clear that the Bitcoin and the entire Crypto market are threatening
The traditional economy and many of the world's orders. Let's start with the money itself.
Currency is not only a value and a financial instrument; Sometimes it is also an identity. Many of us are proud
In the stronger shekel and satisfied with it when traveling to Europe. Indeed, the value of the national currency is derived
Of the military and economic power of the state. For example, when the price of a barrel of oil fell
From eighty dollars to forty, oil-based economies collapsed, while the currency of a manufacturer
Venezuela (with an extreme socialist regime) collapsed completely in a counter-reaction
A typical Venezuelan trade in Bitcoin became illegal; And today it is forbidden to hold either
To cut down Bitcoin in Venezuela. It goes without saying that this step did not change anything and the masses fled
And continue to flee the Bolivar, printed without warranty and regardless of solvency Of the country, into digital coins like the Bitcoin - which mathematical laws govern
Him, not the whim of a tyrant, natural resource or a lunatic finance minister.
The New World proposes that we separate from valid statements in a specific geographic unit
And at the mercy of heaven or at the mercy of a changing and capricious regime, and under them to acquire currency
Digital and eternal, with a universal and autonomous identity that is not subject to the state, language or
To local law. Our national identity is preserved with an anthem and flag, but our economic identity
Will be formulated as individuals in full autonomy. Incidentally, such a change has happened more than once: the Italians
They gave up the lyreta for the euro, and the French and the Germans over the Franks and the soups.
The renunciation of the local currency does not necessarily lead to a renunciation of pride or national identity.
Not all countries understand this, but the new digital economy, the Beatitude and with it
The crypto coins constitute a strategic threat to the very institution of the state, and especially to the bank
The central. In fact, the word threat is misleading, because it assumes there is only a possible risk, and if
The state would object with sufficient determination, it would be wise to repel it. The truth is that coins
Crypto is no longer a threat but a final fact: the future has been decreed, the die has fallen
And it can not be changed. It remains to be asked how long it will take countries to internalize that world
The financial situation has changed immeasurably.
The main reason that Bitcoin casts a heavy shadow on countries is the tax issue.
Tax collection is the power base of the modern state, and no government or army can
To exist without government funding. But a government, as we know, does not manufacture goods and products,
But only services that cost money - which comes from the pockets of citizens. Its almost-
The state's total tax collection depends to a large extent on its ability to look into an account
Our bank, to settle money and even to collect a "voluntary loan". Taxes are not a contribution of
Residents, but rather a duty imposed by control and control mechanisms: accountants, reports
Banks, tax authorities and the Execution Office. Therefore, some countries have considered canceling altogether
Coins and bills and to make the payment out of cash - because it was a deal
Cash is impossible to monitor and therefore encourages black economy and non-payment of tax.
In the new world, however, the tasks of supervision and collection become increasingly difficult: for the state
It is very hard to peek into our cryptographic bank account, that is, to the wallets
Our digital; Digital currencies make the entire economy a space in which
The report becomes voluntary. Thus, the more common the use of krypton coins,
The state currencies will become less relevant, and the money will flow out of the banks
And official institutions to the alternative, international and unregulated economy.
Current tax rates will have to change to a new balance sheet, where the tax will be
Much lower, so that it would be worthwhile for the residents to pay and on the other hand the state would have the ability to exist. It will be necessary to find a new balance between the power of the government and the freedom of the individual
Which enables the technology.
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