bullish
The King of Bitcoin Steps Down While Ethereum Moons
SUMMARY
- This whitepaper discusses the Initial Coin Exchange (ICX), a newly defined protocol for enabling established and vetted blockchain-based companies and DAOs to raise funding via selling digital assets and tokens.
- The ICX presents an improved format to the Initial Coin Offering (ICO), adding substantial vetting and stage requirements to enable investors to identify quality projects, while enabling blockchain-based companies to access capital markets and fund the development and growth of their platforms and protocols.
- The ICX process allows companies with established products to raise money, while working to protect against lower quality or riskier early-stage token offerings through a vetting process, a substantial innovation in capital raising.
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