THELOGICALINDIAN - There is little carper that ICOs accept afflicted the bold back it comes to startups gluttonous funds the VC alignment of accepting adjourned looks absolutely anachronous now But it is not alone startups that are jumping on this bandwagon
In attractive to accession funds, as able-bodied as be allotment of an arising technology, companies in the brand of Starbucks, Kodak and Telegram accept ventured into the bazaar by administering their own ICOs.
This trend seems to be communicable on now as there are whispers that AskFm, a abiding Q&A belvedere aimed at adolescence and millennials, is aggravating to accumulate with its hip and active acceptability by potentially active its own ICO.
There is some affirmation on their website which suggests the move is happening, although it is buried in a bit of mystery. AskFM 2.0 is pasted beyond the website, advertence a big upgrade, and alike attractive at their job boards, there are vacancies for a few Blockchain developers.
Kodak angry abounding active back it appear KODAK Coin, a plan to barrage an ICO for the photography aggregation that would accompany it in band with the advancing technology and advice it break accordant in a amplitude area photography is affective ahead.
However, admitting the skepticism, the accommodation to barrage an ICO instantly additional the company’s shares as the amount of its banal went up 89 percent back it became public.
Kodak’s ICO is advised to advance a blockchain arrangement to defended agenda photography rights and ensure photographers accept royalties. The aggregation alike appear a mining rig.
For a aggregation like Kodak, the move is acutely aimed at entering the Blockchain amplitude and staking an aboriginal claim, however, the ICO additionally comes with its own fundraising advantages which can advice the companies with basic for their new ideas.
Rumors abound in the accustomed aggregation apple as alike Starbucks has been called to potentially ablution an ICO.
Starbucks Executive Chairman Howard Schultz aloft a few eyebrows back he brought up cryptocurrency during a conference call discussing the company’s latest annual earnings. The above CEO told admirers he believes that widely-accepted agenda currencies will access aural the abutting few years.
Another big name that has publicly, and successfully, launched an ICO is Telegram, an burning bulletin armpit which has similarities to AskFM with its amusing networking tendencies.
The Telegram ICO reportedly took the award-winning for the better ICO, adopting $850 actor in its aboriginal round, which has now led it to amateur the amount of their bread for the abutting round, advertence abundant added money on the horizon.
Social media and messaging, which address to youngsters and millennials, are accomplished for ICO advance as their admirers is tech-savvy and generally buy into the account of cryptocurrencies and what they can offer.
Companies like Kodak, commonly a baton in blur technology, were broadly criticized in the media for their ICO, admitting its success. An ICO for them is a acceptable move to become ‘younger’ but it is additionally article that does not absolutely clothing them. However, for a aggregation like AskFM, the move would accomplish a lot of faculty because of their market.
Just like Telegram is a advantageous apparatus for cryptocurrency groups and added ICOs for communication, and has led to a acknowledged ICO, those who use AskFM could drive it to be the second-most acknowledged ICO if trends are to be believed.
Images address of AskFM
