As the next step we launch our own ICO, which many of you have been asking us about for months. The Neufund ICO, however, differs substantially from regular ICOs both in mechanism and in impact.
Contrary to widespread practice we will not simply collect funds to sell off over time. We also won’t ask investors to give us their money, nor do we technically sell any tokens. We merely ask investors to commit ETH (or EUR at a later date) to the Neufund platform, which they can later individually invest into startups of their choice. The funds stay in control of their owners, 100%. Moreover, if for whatever reason an investor changes their mind, they can just take the amount committed after 18 months, in 100%.
Investors do not purchase tokens, but get Neumark tokens as a reward for committing capital to the ecosystem. Neumarks obtained this way represent the platform’s value, and can be traded freely on crypto exchanges. How it works in detail will be the subject of our upcoming whitepaper, including — before you ask — all regulatory aspects.
Neufund “ICO” is not a token sale. We call it an ICBM, for Initial Capital Building Mechanism. It is an invitation to join the bootstrapping of a two-sided marketplace and investment ecosystem, and to once and forever democratise innovation and creation.
Neufund ICBM starts this Autumn, and you’ll be able to participate here.
Read more here:
https://blog.neufund.org/neufund-ico-starts-this-autumn-4ad2ee30a377Edit: Read the ANN here:
https://bitcointalk.org/index.php?topic=2335433.msg23760272#msg23760272