The ICO (Initial Coin Offering) market has been heating up this year, with the largest ICO in 2017 being the current pinnacle at USD 232 million. By some it’s optimistically embraced as a boom that will change forever the landscape of IPOs and crowdfunding. By others it’s described as a mania or craze resembling the infamous tulip bubble, that will inevitably burst. Especially, blockchain start-ups have embraced ICOs as a vehicle to raise early capital, whereby some tokens are similar to currencies, some resemble securities, and others are similar to commodities or still something else.
Whatever it is, it’s certainly a market phenomenon that is taken more seriously by the business community and regulators alike, and which cries for more professional business practices and exchange platforms to screen potentials ICOs, guide the ICO and listing process and facilitate the trade of the longtail of cryptocurrencies or tokens.
There is a need for a distributed exchange platform for crypto coins or tokens that satisfies the requirements of a formalizing regulatory environment, and the technical needs for a very secure and high-speed high-volume transactional platform. TACXE (Token and Coin Exchange) is designed to meet these needs and requirements, and is being developed as a mechanism to enable Initial Coin Offering (ICO) tokens to be listed, purchased and sold at a a gradually decentralized nexus. At its launch in January 2018, it’s envisioned that TACXE will be used for tokens that are designed as commodities or utility tokens, not as financial instruments or securities in their respective countries. Also Icecat is considering to launch a token or coin on the TACXE platform, to start experimenting with these new technologies in the realm of content syndication.
Read the full TACXE Position Paper
Read further: ICURY, News, blockchain, cryptocurrency, cryptotoken
Your email address will not be published. Required fields are marked *