Ninjastic
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Board Economics
Re: IBOs instead of ICOs?
by
Ranly123
on 15/01/2018, 21:18:22 UTC
Quote from: OliverChassa on January 15, 2018, 10:28:25 AM
I read a recent article about something innovative that UCash has been implementing: IBO instead of ICO. You will ask, what is an IBO? Basically, IBO participants “invest their skills and time to earn rewards in the new cryptocurrency”. Contributors to the IBO are given specific tasks that are associated with corresponding amounts of crypto tokens as rewards.

Here is the link to the article that explains it more into details:
https://www.financemagnates.com/cryptocurrency/innovation/forget-icos-initial-bounty-offerings-exchange-skills-crypto-tokens/
https://cointelegraph.com/explained/how-initial-bounty-offering-can-help-the-unbanked-explained

The concept itself is quite original and innovative, or is it a way to escape from regulations?


I think of what you mean by IBO is the bounty. When my guess is right then it is already on the thought of ICO, basicaly ICO has bounty rewards for those who want to earn al fraction of their tokens without investing to their project. I think every ico has bounties and i believe that ICO and IBO by your defination is just the same.