ICO Legitimacy – Strategic Partnerships
March 24, 2018
High-Profile Strategic Partnerships Are the Path to ICO Legitimacy: Expert Take
Great article today from CoinTelegrah on ICO Legitamacy in their Expert Takes corner. “Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.”
When a new crypto company creeps into the market, the first response from the public is often skepticism. An ICO is particularly scrutinized due to the sheer volume of competition. There are plenty of scams and hackneyed offerings monopolizing public attention. And frankly, the ICO mechanism of raising funds is losing its gusto. High-profile strategic partnerships could be the key to injecting enthusiasm back into the ICO ecosystem.
Most are a ratio of Team, Product, Vision, Public Awareness, Competition, Advisors. But as the market matures and the public becomes jaded on the sea of projects, partnerships will become a more significant factor in the legitimacy of ICOs.
Partnerships will continue to take several forms:
- Technology Partners
- Third-party Analysts
- Venture Capital
- Channel Partners
- Retail Partners
- Government Supporters
If you are planning an ICO, or even operating post-ICO, consider the strength of your partner ecosystem a top-priority. To read full source article here.
What is an ICO? ICO stands for Initial Coin Offering. It’s a scheduled event, sometimes referred to as ‘crowdsale’, when a company releases its own cryptocurrency with a purpose of funding. Thinking pre-angel, very early stage investment round.There are generally 2 kinds of tokens in an ICO, security and utility. ICO is a proven and efficient way of kickstarting crypto projects, provided that the product vision is in viable, has potential demand and there’s a solid team working on it. Be careful about potential ICO scams as currently regulation is in the grey area. Read some things to look for in ‘How to Spot a Possible ICO Scam‘.
Quantaloop is looking for blockchain partners to help us bring this technology to mass adoption. Are you in the space? Curious about how this technology can help improve you business? We want to hear from you! Email Us.