๐ In late October, we will witness the first decentralized ICO, which will conduct a technological start-up Monaize with the support of the KOMODO platform.
๐ Yesterday the company presented to the public a technical document of the forthcoming initial offer of coins. Recall that Monaize offers electronic banking services based on the block, designed primarily for start-ups.
๐ The company will release its own MNZ token, which is developed using Zcash technology, which ensures greater confidentiality. In turn, dICO was made possible thanks to the ready-made KOMODO technology.
This mechanism is different from the traditional purchase of tokens. It was called the 'atomic cross-chain swap'. Its main difference is that it does not require retention of customer funds on deposit, while transactions are checked.
๐ As KOMODO claims, the whole process is as much as possible automated and provides customers with much greater security. Another difference is the unique data mining function dPoW. Monaize will be the first client of KOMODO in using dICO technology.
๐ค source: cryptojournal.ru ๐ค
Great post, an exciting development in Crypto that seems to be slipping by unnoticed, Komodo is around $6.50 i have been adding to my position, good chance of profit and i like to support the truly decentralised ideas.
Thank you)