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Board Economics
Re: IBOs instead of ICOs?
by
andrei56
on 16/01/2018, 01:08:56 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?

If performing an action in order to get some coins is called IBO then ICOS have been doing IBO since the beginning so to me this does not seem like anything new at all, so unless that the only way to earn coins is through bounties then this solves nothing and is not really an innovation.