Quote from: Pump N Dead on May 04, 2018, 03:59:32 AM

Quote from: Jazz1993 on April 05, 2018, 09:09:26 AM

Is it possible for a company to raise funds through an ICO even if it is not a startup? Huh

For example: Say company X manufactures chocolates but now it wants to further expand its operations and needs funds for it, can it opt for ICO instead of a Private Equity fund or a Bank Debt?
Please help I am a complete newbie and this concept is confusing me a lot Roll Eyes

Thanks

Yes it is possible but let me remind you that it should be a unique idea that will solve the existing problem and not just to help your own problem by funding your company. For example if your company is a chocolate and your problem is fund, I don't see any reason why you should make an ICO because you are lack of fund with your chocolate business. Chocolate is not a technology, it is raw materials.

Correct, there are many icos that I see and my first reaction is, why are you creating an ico for this? It is true that until recently icos made very easy for people that had the talent to get the funds to make their ideas come true, but I think there has been some abuse by some people that have created unnecessary icos and I think now we are paying the price with all the regulation that is being put in place.