Cryptocurrencies have never ceased to amaze us. Ever since Bitcoin (BTC), the foremost cryptocurrency was launched, it had been a season of massive returns and failures for the digital assets. Haven come this far, another new milestone was created. That was the creation of crypto fundraising processes called Initial Coin Offering (ICO) and Initial Exchange Offering (IEO). The platforms made it possible for cryptocurrency startups/emerging cryptocurrency projects to raise the needed funds. They also made it possible for the projects to get their crypto tokens and coins into the hands of the investors at a fraction of the cost.
THE MARKET OPPORTUNITY FOR IMO
Initial Model Offering (IMO) is a new model for raising crypto funds. It entails bypassing the hassles that come with the previous models – IMO and ICO. The proposition to serve as a replacement for ICO and IEO is not unconnected to the problems associated with ICO and IEO.
Some of the problems include scam crypto projects that are out to make money off the investors and the high costs of purchasing crypto tokens during the initial phase of the fundraisers.
THE IMO-PROPOSED SOLUTIONS
Initial Model Offering (IMO) is a cryptocurrency project that intends to create a different approach to raising funds for crypto startups. Among the many features and working frameworks for the solutions to other problems is the reduction of the cost of investment and the immediacy of raising funds.
Lower Amount of Purchase
Before now, primarily through ICO and IEO, there is the belief that investors are offered crypto tokens and coins at a fraction of the actual costs. That isn’t entirely the truth because investors are shortchanged to some extent. Depending on the preferred payment methods for the projects, investors can pay as high as $1 to purchase crypto tokens.
Instead of that, Initial Model Offering (IMO) promised to reduce the costs of investments to the barest minimum. It has so far lived up to that promise with many of the previously launched projects on that platform selling their crypto tokens/coins as low as $0.0003 and $0.0005.
Pre-Sale Limitation
Just as IMO has significantly reduced the costs of investing in crypto tokens of projects launched via the platform, it has also placed a cap on the amount investors can put into the same. The maximum amount you can use throughout the phase of the Initial Model Offering (IMO) is $1,000.
The decision to promote and uphold the maximum price tag is not unconnected to the monopoly used by financially buoyant investors during Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs). Instead of allowing investors to buy as much crypto tokens/coins as they want, IMO has placed a maximum cap of $1,000. The maximum investment limit extends to both individual and institutional investors.
Through that, IMO can now control the excesses of investors who are only out to buy more crypto tokens to satiate their wants and not leaving them for investors that want the same to satisfy their needs. Moreover, the $1,000 maximum purchase limit closes the line between the rich and poor crypto investors – everybody is now equal!
WRAPPING UP
Initial Model Offering (IMO) is the right step in the direction of empowering cryptocurrency startups and the investors to have a hitch-free and profitable fundraising process. On that note, Initial Model Offering (IMO) is a better variant to Initial Coin Offering (ICO) and Initial Exchange Offering (IEO).
USEFUL LINKS:
Website ⇒ https://imoex.top/
Bitcointalk ANN ⇒ https://bitcointalk.org/index.php?topic=5197057.0
Telegram ANN ⇒ https://t.me/imo_announcement
Facebook ⇒ https://fb.me/imoexchange
Twitter ⇒ https://twitter.com/eco_imo
Telegram Chat Group ⇒ https://t.me/imoexchange
AUTHORS DETAILS
Bitcointalk username- Uju4real
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2202971