ICOfunding, found online at app.ICOfunding.com, promises to offer the simplest and most secure way to launch an ICO. Find out how it works today in our review.
What Is ICO Funding?
ICOfunding is an ICO launch platform that wants to help businesses launch a successful initial coin offering, or ICO.
The goal, according to the official website, is to “launch the most trustworthy and quality ICO projects which turn into investment opportunities.”
In addition to offering startups a Coin Governance System, or CGS, the company allows investors to transparently see where their money is being used. Investors can track their investment and ensure their money is being put to work – not wasted on frivolous expenses.
The end result is a simpler, safer ICO launching platform.
ICOfunding company was founded in Madrid in 2016. ICOfunding is currently hosting an ICO for Flixxo, a community-based video distribution platform. As their CGS moves closer to launch, the company expects to host a growing number of ICOs.
How Does ICO Funding Work?
ICOfunding, overall, aims to make crowdfunding simpler, more transparent, and more secure.
Today, many startups recognize the value of initial coin offerings, and are exploring unique crowdfunding options, but don’t know how to properly run an ICO. That’s where ICOfunding sees an opportunity to help.
Meanwhile, investors have also heard about the benefits of ICOs, and the tremendous returns, yet they’ve also heard of scams. Investors want to maximize the value of their investment while making sure their money is being used properly.
ICOfunding provides the tools investors need to ensure their investments are being used in accordance with the goals set by the company. At the same time, companies can use ICOfunding to quickly launch their initial coin offering.
ICOfunding’s website claims that the average time it takes to launch an ICO is 3 to 5 months. Entrepreneurs at startups often have unique skills, but ICOs are a particularly unique investment vehicle that requires specialized knowledge. Some ICOs have been hacked soon after launch. Other startups expose themselves to legal problems because of improper wording in their token sale documentation.
With that in mind, ICOfunding’s main goal is to reduce the 3 to 5 month timeframe down to just minutes. It does this through a user-friendly platform that makes the process easier for investors and startups.
ICOfunding’s tools are collectively called a “Coin Governance System”, or CGS. This system consists of a series of tools that grant token owner management over funds raised through an ICO. Using this system, investors can audit their chosen startups and see how their capital is being used.
The governance system also involves the use of smart contracts and oracles. As the website explains, “We take care of what happens once the capital has been raised, developing secure voting systems in order to see if companies are achieving their targets and if funds are being managed wisely.”
ICO Funding ICOs
ICOfunding highlighted an ICO for Flixxo in October 2017. That ICO ends in November 2017. Flixxo is a blend between Bittorrent and blockchain, with the end result being the first decentralized, incentivized network for video distribution. It’s a decentralized video distribution network where users can be the owners and beneficiaries of their content.
Right now, Flixxo is the only ICO listed on the ICOfunding website. However, it seems that ICOfunding’s Coin Governance System (CGS) is still under development.
You can look at Flixxo’s ICO page. That ICO page highlights the whitepaper for the project, the business plan, the tokens, and the team. It explains all of the relevant details about the project in a no-nonsense way.
Who’s Behind ICO Funding?
ICOfunding is led by Alejandro Gomez de la Cruz, Carlos Kuchkovsky, Adrian Calvo, and Pablo Moreno de la Cova.
The company was founded in Madrid, Spain in 2016.
ICO Funding Conclusion
ICOs have changed the world of venture capital funding. However, not everyone knows how to access the benefits of ICOs. Many companies are unsure how to create a legal token, for example. Others fail to properly audit their code, leading to future hacks and security issues.
ICOfunding is a Madrid-based company that plans to solve this problem with its Coin Governance System, or CGS. That platform will provide auditing, regulatory tools, and other mechanisms for a successful token launch.
ICOfunding also aims to make it easier for investors to track the flow of their money. Investors can use the platform to monitor ICOs in which they’ve invested, getting a transparent view of how that money will be spent.
Today, with most ICOs, you send money to a wallet and expect the company to put that money to work. However, there’s limited transparency and control over where that money goes. ICOfunding aims to solve that problem with a unique ICO creation platform.