Ninjastic
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Board Economics
Re: IBOs instead of ICOs?
by
Wallflower28
on 15/01/2018, 22:14:43 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?

Why they need to change the name? ICO is more popular now than IBO. I think it is not good for the company to apply it since I think they are not both different in terms of  ICO. Aside from using of skills and money to participate in IBO, what other factors that it will change?