Initial Coin Offering
With a wide range of portfolio clients, AustralPay® has become partner and founder in the first ICO/IPO on NASDAQ for cypto currency. Australpay® acts as a paymaster and remitter for crypto currencies with payments, exchange management, coin offerings and all other platform related Fiat to crypto and crypto to Fiat payments.
ICO or Initial Coin Offering is a mean by which funds are raised for a new cryptocurrency venture. Investors are offered units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies. The pre-created token can be easily sold and traded on all cryptocurrency exchanges if there is demand for them.
With the success of Ethereum ICO are more and more used to fund the development of a crypto project by releasing token which is somehow integrated into the project. With this turn, ICO has become a tool that could revolutionize not just currency but the whole financial system. ICO token could become the securities and shares of tomorrow.