Post
Topic
Board Economics
Re: IBOs instead of ICOs?
by
innocent93
on 16/01/2018, 20:53:07 UTC
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?

OK, i understand what IBO stands for but, is it not something similar like hiring someone to do a specific task?