Comsa describes itself as “the ICO solution for centralized businesses to adopt blockchain technologies.” Find out what that means today in our Comsa review.
What Is Comsa?
Comsa, found online at Comsa.io, is a blockchain technology company catered towards the business world.
At this point, many businesses have heard about ICOs and know the benefits of the powerful alternative fundraising method. However, not all companies know how to take advantage of these ICOs, or whether or not an ICO would be good for their company.
With that in mind, Comsa has created a conduit for future ICOs that want to exist within the COMSA ecosystem. Japan’s Tech Burea, has created a COMSA team to consult with companies, provide expertise, and implement solutions for a COMSA ICO.
The first ICO on the platform, appropriately enough, will be for COMSA itself.
Ultimately, Comsa aims to change the world of ICOs similar to how WAVES worked by making it easier for businesses to launch tokens.
In addition to making its ICO platform, Comsa already has two core technologies in place. They run the Zaif cryptocurrency exchange, for example, and they’ve created a blockchain product called mijin.
How Does Comsa Work?
Essentially, Comsa is an all-in-one ICO platform. The goal of the platform is to solve some of the crucial issues within the ICO space. It provides businesses with access to support and solutions to build their own ICO and implement blockchain technology with the private blockchain of the NEM project, for example.
Comsa will also eliminate the need for third party agencies like escrow services. That’s because Comsa can provide trustless transactions in native currencies. Plus, any tokens issued on the platform will be integrated with both the NEM and Ethereum public blockchains.
The end result is that Comsa, as explained by a press release, “is a one stop shop solution for token creation and exchange.”
The platform will also integrate a smart contract system by 2018. After that smart contract feature is introduced, users will be able to coordinate bitcoin, NEM, Ethereum, and multiple mijin private blockchains as one network to keep the balance of your token among them. The company will also offer “network fee delegation” on the NEM blockchain that allows users to process practical business transactions in fiat currency on the blockchain without owning its native currency XEM.
All of these things could change the way companies approach ICOs in the future.
The Comsa ICO
Comsa’s ICO is scheduled for October 2, 2017. The ICO will close at 12:00 JST on November 6, 2017. The cryptocurrency raised through the token sale will help the company fund its development of the COMSA CORE system and to expand its reach in a rapidly-growing ICO market.
The company will also use funds to push forward its existing core businesses, including Zaif (a cryptocurrency exchange) and a private blockchain product called mijin.
Pre-registration for the ICO began on August 3. The company appears to be holding some type of pre-sale before their ICO.
The Comsa ICO will be the first to take place on the COMSA ICO platform. However, the company has already scheduled its next two ICOs, including one for Premium Water Holdings, Inc. (scheduled for mid-November 2017) and one for Campfire, Inc. (scheduled for late November 2017).
How Does COMSA Work?
Here are some of the core features of COMSA’s ICO platform:
COMSA describes itself as a one-stop solution for creating an ICO. Some of the services provided through the platform include the creation of a multi-language whitepaper, a pre-configured token sale dashboard, blockchain integration services and PR services, and other services dedicated to companies preparing for their own ICOs. An ICO token issued on the COMSA platform can be converted between NEM and the Ethereum blockchain using the Comsa Core engine (which is preparing to launch in 2018).
Comsa provides the Zaif cryptocurrency exchange, which is where the company will list its new ICO tokens. It also has a payment service that allows for token holders to spend their ICO tokens. Comsa also supports fiat pegged tokens and cryptocurrency-pegged tokens that can be transferred between NEM and Ethereum blockchains (again, using the Comsa Core engine).
Thanks to Comsa’s mijin blockchain, ICO issuers can access a blockchain technology that can be integrated into their own system.
One-time Smart contract
By 2018, Comsa hopes to introduce a feature where you can coordinate Bitcoin, NEM, Ethereum, and multiple mijin private blockchains as one network to keep the balance of your token among them. The company will also offer “network fee delegation” on the NEM blockchain, allowing you to process practical business transactions in fiat currency on the blockchain without owning its native currency XEM.
Who’s Behind Comsa?
Comsa is led by a company called Tech Bureau Corp., which also runs the Mijin blockchain and Zaif cryptocurrency exchange. Tech Bureau’s executive team includes CEO Takao Asayama, Mijin CTO Jaguar0625, Zaif CTO Ryosuke Hosi, CMO Mitsutoshi Fukunaga, and CFO Kazunobu Hatta.
The company has partnered with Nippon Technology Venture Partners, one of Japan’s leading venture capital companies. They’ve also partnered with Infoteria Corp, FISCO Ltd, CAICA Inc., and Arara.
Comsa, also known as COMSA is a new ICO platform built on the NEM blockchain. The platform is in development by Japan’s Tech Bureau.
The platform provides a wide range of ICO services built on the NEM protocol, including its mijin blockchain and access to its Zaif cryptocurrency exchange.
The goal of Comsa is to eliminate the need for third party agencies participating in ICOs – like escrow services. To do that, Comsa provides trustless transactions in native currencies, while also allowing any currencies issued through the platform to be integrated with both the NEM and Ethereum public blockchains.