Paris-headquartered Tozex, a cryptoasset platform for issuing, funding, and investing announced it has launched the Believers Incentive Offering (BRO). The BRO is really a sustainable option to ICOs and STOs to greatly help SMEs overcome tough economic occasions and open new financing options.
The BRO is really a completely new crowdlending investment system which allows businesses to finance their advancement by borrowing crypto property (stablecoins) from investors all over the world. Not the same as its predecessors, the BRO may be the first crowdlending protocol produced on the blockchain that utilizes wise contract abilities and supports stablecoins.
New ways of fundraising
Tozex’s co-founders, blockchain and crypto specialists Remy André Christophe and ozcan André Ozcan, emphasize the significance of a fresh fundraising mechanism.
They stated that the BRO is really a fundraising method that will can be found in handy, when the marketplace is struggling to survive probably the most severe financial crises of the 21st century. Compared to the more dangerous ICO (which flourished through the 2017 cryptocurrency boom when individuals were willing to take dangers), the BRO implements a crowdlending program that ensures the execution of the contract between your investor and the customer.
“We anticipate that ITO are certain to get out of its historical cradle as a fundraising technique dedicated to blockchain startups just. Considering its characteristics (quick begin, massive funds, no funds dilution, liquidity), this new effective solution to raise funds cannot be limited by startups later on,” stated Remy André Ozcan, co-founder of Tozex and president of the French Federation of Blockchain Experts (FFPB).
Tozex stated that BRO allows users to diminish the pump-and-dump phenomenon, limit volatility, and foster development by providing equal treatment of most contributors, an attribute that it couldn’t actually imagine before and the lack of which consequently made many marketplace players unfriendly towards the brand new technologies.
At once, the Tozex platform allows customers to choose any fundraising system they prefer. BRO, ICO, and STO will be available following the Tozex BRO campaign, which starts officially and is certainly going through its pre-investment stage now, based on the announcement.