THELOGICALINDIAN - The Norwegian mining companyIntex Resources ASA has appear its plan to barrage the aboriginal ICO for an assetbacked token
Initial Coin Offerings accept become the new popular method for companies and startups to accession money. This year best arresting ICO was conducted by the Canadian-based messaging app Kik. The badge auction by Kik, which is additionally alleged Kin, was able to accession the bulk of $125 actor in a amount of days. The Kin ICO was the aboriginal badge auction that fabricated by a big and very-known aggregation in the tech space.
Other big corporations accept additionally planned their actual own badge sales. The acclaimed online-retailer shop, Overstock.com, is planning to barrage an ICO for its administer balance belvedere alleged tZero. The ICO participants and holders of the tZero badge will be paid assets by Overstock.com, agnate to banal dividends. The Norwegian mining aggregation Intex Resources ASA is additionally planning to conduct an ICO that will alter from added badge sales.
There accept been several ICOs in the aftermost brace of weeks that either don’t action annihilation or sometimes pay assets to the token-holders. But Intex Resources ASA is planning an ICO which will action tokens that are backed by minerals. According to a contempo commodity in Zero Hedge, the tokens will be backed by the company’s own adamant ore and nickel ore reserves.
The official columnist absolution by the mining aggregation stated:
Currently, it is cryptic if this new abstraction with asset-backed badge ICOs will accomplish and be able to accomplish its purpose. But experts and analysts accept that in the future, companies and startups will accept to action article added for their ICOs in adjustment to allure investments.
What are your thoughts on this ICO? Do you anticipate that asset-backed tokens are the approaching way for ICOs? Let us apperceive in the comments below!
Images address of Pixabay
