Upcoming ICOs can be a great way for crypto startups to raise money. However, they can also be a risky investment for uninformed investors.
ICOs are similar to an IPO, except that instead of selling shares of the company, new projects sell underlying tokens that can be redeemed for FIAT currencies.
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Overstock’s tZERO ICO
Tech-driven e-retailer Overstock is getting into the token market with its upcoming ICO for tZERO, a crypto securities exchange that Overstock says will disrupt existing capital markets and replace Wall Street with a blockchain-based token trading system. Overstock plans to raise $250 million in the ICO, which is expected to be one of the largest ICOs yet.
The company says it has already collected $100 million in tZERO tokens from accredited investors. However, if the tZERO ICO is anything less than fully subscribed at $300 million, expect material downside in Overstock’s shares.
tZERO’s upcoming token sale is a Security Token Offering (STO). It will use a Secured Automated Fund Transfer (SAFT) to issue tZERO tokens that will be traded on an Alternative Trading System (ATS).
In addition, tZERO plans to launch a Digital Locate Receipt (DLR) platform that allows inventory providers to capture and store inventory information using a secure and transparent blockchain network. This will allow companies to meet regulatory requirements by digitizing the traditional REG SHO locate process and allowing investors to easily verify inventory availability and audit trail.
Tetrix’s XTR ICO
TRON is a decentralized blockchain technology platform. Its XTR token is the cornerstone of a global data-driven platform that will enable developers to build innovative BApps.
XTR’s upcoming ICO aims to bring Web 3.0 on the Binance Network and TRON with revolutionary BApp experiences. XTR’s development team will work closely with TRON to leverage all the opportunities TRON’s rapidly growing XTR ecosystem has to offer.
To develop its decentralized financial products, XTR has implemented integrations with stable coins, security tokens, microloans, and other crypto assets. These integrations will open new payment possibilities, easier onboarding, and new forms of value generation.
In addition, the team has implemented a user acquisition channel that will bring XTR’s Bapps to over 300 million users. This user pool is a great opportunity for the company to engage new users and convert them into long-term members of their community.
XTR’s strong social element will bind traders and early adopters together, giving them a reason to come back to the platform over and over again. The company will also offer a range of interesting features that are sure to catch the attention of its audience.
FightOut is a move-to-earn app that blends real-life workouts with your avatar’s virtual avatar to create a holistic fitness program. Users can earn REPS for completing different exercises and use them to purchase a variety of goods.
Fight Out is aiming to revolutionize the move-to-earn industry with its gamification. It eliminates the NFT fees that plague most M2E apps, and it also rewards users for completing any exercise.
Its user-friendly technology allows people of all fitness levels to build a soulbound avatar which is able to open the door to the FightOut metaverse, bringing their physicality to a near-infinite world of possibilities. It is a step-change in the virtual health and fitness sector, and one that looks set to take off in 2023.
Its token, $FGHT, underpins the entire platform, allowing users to purchase REPS and buy a wide range of goods and services. In addition, the team plans to open 20 real-life gyms, which will be fitted out with state-of-the-art equipment.
ICOs are new ways for companies to raise capital without having to deal with venture capitalists or banks. They can be very lucrative for companies, especially if they’re successful.
To get the most out of an ICO, you need to be sure it’s legitimate and that you know what you’re getting into. The best way to do this is to read the whitepaper.
There should be a clear explanation of what the project is all about, how it works, and the team behind it. There should also be a roadmap for the future of the project.
Another key component of an ICO is its token structure, which will be explained in the whitepaper. Some ICOs keep their token supply fixed, while others will increase it based on demand.