One of the biggest challenges of blockchain projects is startup funds. All project needs funds to develop and expand their businesses. As of early 2017, most projects adopted ICO system as a means of raising funds for their project. Late 2018, ICO loss its value and project developer could not raise the start up funds which they all need in building their project. Late 2018 or early 2019, IEO took the mantle from ICO. Project developer raise funds through an exchange to support their project. But if we take a look at things around, the value of IEO has dropped. Many Exchange do run away with a project funds. It seems like the world is over for those that want to build a blockchain project but does not have startup funds. However, a new system has come up to make it easier for people to raise funds for their project. The system is called IMO. IMO is a new system that is coming to fill the pothole left by ICO and IEO.
IMO (Initial Model Offering)
IMO is a new system of fundraising for blockchain project. This project wants to bring new era to put full stop to the challenges we are facing while trying to raise funds for the development of our blockchain project. IMO is having an ecological model of a high-quality private placement platform that enhance blockchain project to easily raise funds by obtaining investment periodically through continuous limited private placement.
In previous system of fundraising i.e ICO & IEO, some projects might take a year or there about before they could hit their soft or hard cap. Meanwhile, all the initial investors will have to wait till the project hit their target before they can list the token or coins for trading. Things like this is not helping the life of an investor. However, we should be happy that some expertise has initiated a very powerful ideology of solving those problems which gave birth to IMO.
In IMO Ecosystem, a project can continue raising funds privately in a progressive way. In a nutshell, in this ecosystem, your project will be getting financial support from various private investors at different stages and time. The IMO Ecosystem will be using some mathematical model to monitor and control the market.
The IMO system is a big advantage to the blockchain ecosystem at large; why?
- Because all project developer will serious with their project in order not to loss their investors
- While the investors can monitor the level of seriousness of a project to know when to pull out or stay.
INVESTORS CAN OPTIMIZE RISK MORE THROUGH IMO MODEL
Money management is another issue battling with many projects owners; once they collected the money from the initial stage, some of them do mismanage it and make the project collapse at the middle. But it is a different case in IMO Ecosystem. Here, the entire needed funds are not collected by once. It will be a gradual process. This measure will make the investors to weigh the seriousness of a project. If the project is not moving in direction or moving in a manner the investor want, he can pull out any moment. IMO is simply the best method an investor can use to optimize risk.
MORE ADVANTAGES OF IMO
Most projects that raise funds through ICO and IEO do pay a huge sum of money for their token to be get listed on an exchange. It is very unfortunate that some projects use the entire money they raised to list in most top Exchange. However, the case is quite different in IMO Ecosystem. The IMO platform has their own cryptocurrency exchange. So any project that host an IMO model of fundraising will not have any challenges partaking to token or coin listing.
IMO Token
The IMO platform has launched their own native token, the token is available at the exchange.
The IMO Token is a utility token and it going to be used across the IMO Ecosystem. People can invest on a project through IMO model with IMO tokens and the project owners can as well accept the IMO token.
IMO ECOSYSTEM
Currently, the IMO Ecosystem has two phases now
IMO Exchange
IMO Wallet
The IMO Exchange is just like other Exchange where trading takes places, while the IMO wallet is where the users can store their various tokens including IMO token. The IMO wallet has version for Android and iOS respectively.
CONCLUSION
I believe this project might look strange to many people, but believe me, the project carries a lot of weight. We all know that ICO and IEO has died and raising of startup funds become difficult; but IMO is coming straight into the blockchain ecosystem to turn the table around in such a way that new or existing project can be able to raise funds easily. We should give an applause to the brain behind this project because their ideology is really a great one.
You can quickly visit their website for more=> https://imoex.top/
Join them on telegram=> https://t.me/imoexchange
Follow them on Twitter=> https://twitter.com/eco_imo
Follow them Facebook=> https://fb.me/imoexchange
Join their Telegram ANN Thread=> https://t.me/imo_announcement
Download IMO Android wallet here:
Author=> lani123lani
Bitcointalk Profile Link=> https://bitcointalk.org/index.php?action=profile;u=1220105
IMO Wallet UID=> 73527
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