Well, I recently get heard about the new concept IMO- Initial Model Offering to get funding from the market. There were already ICO, IEO, STO, ITO methods to get funding from the market from which ICO is 80% scam, same as ITO. STO is little bit secured as it includes a concept of regulation. IEO is quite good method to get funding if your project gets listed on Popular and trusted exchange.
What's your take on IMO? Is it really a good method that will work in 2020? Or it will also be like ICO scams. Please share your opinions.
IMO is nothing but an ICO but with a little tweak. They just have one additional benefit of withdrawing your investment if you are not happy with the progress or the outcome of the project. It's somewhat better in my opinion amidst the ongoing trust issue faced by the new coin offering companies. I am not sure how it works in real life as I haven't yet participated in any IMO yet, but the concept is somewhat better than the ongoing fund raising models. But this model requires an intermediary to handle the funds on behalf of the coin offering company which will monitor the progress of the project as well. Let's see how it helps to bring the credibility back in the market.