First ICO Hosted On Credits Blockchain Platform Protocol
The Credits platform played host to the first ICO based on its protocol, when on March 18, the FDCE (First Decentralized Commodities Exchange) platform launched its investment round with the sale of the Metal Bonds Token Offering.
The FDCE was designed to facilitate the process of investing in “digital bonds” for average investors around the world. The platform provides a broad choice of global companies offering their assets in digitized form. The company intends to increase the attractiveness of
the assets hosted on the platform by introducing high scoring standards for companies seeking placement.
The FDCE is stating that such an approach will provide multiple benefits for investors, as well as companies willing to offer their digitized assets for sale. Investors will be provided with the possibility of investing in low-risk assets from the crypto market via
specialized instruments. The instruments will be independent of market volatility, thus further reducing risks and ensuring the stability of the digitized shares of companies. The companies, on the other hand, will be receiving additional sources of funding by offering their
assets to a larger audience and enjoying the stability of having commodities-backed shares.
The ICO will have a hard cap of 8 million USD, which will be raised in native Credits platform CS сoins. The process will be divided into three rounds. The prices for the tokens will vary with each round. The rounds will include the private sale (0.088 USD), the pre-ICO (0.176 USD), and the ICO (0.356 USD). The total issuance of DCET tokens is set at 100 million with the coins unsold at the ICO being slated for transfer to a specialized fund of the FDCE, intended for maintaining liquidity and securing against unforeseen circumstances.
The ICO is the first for the Credits platform and is an important development for the project. The project development team is certain that the launch of the given initiative will be beneficial in proving the capabilities of the system for a variety of business applications.
Disclaimer: This is a paid post and should not be considered as news/advice.