- What Is an Initial Token Offering (ITO)?
Just now·2 min read
Ten years earlier, no one was talking about blockchain or cryptocurrencies. There were only traditional payment methods and traditional finance. The traditional financial system was not doing badly till some major crashes happened. Following the dotcom bubble in the late XX century, the great recession occurred eight years later. These events popped the question of whether traditional finance will last long or not.
Company finance is an essential part of finance. Usually, after some time from the establishment of the company, they go public. If they have plans for the future and cannot finance them, they list their shares publicly with the initial public offerings. The parallel procedure is called ICO in DeFi.
The creation of decentralized finance has the strength to revolutionize the financial system. Nevertheless, the mass adoption of decentralized systems has not happened yet.
Initial coin offerings (ICO), also initial token offerings (ITO) are applied in decentralized finance. Projects in decentralized finance list their tokens on exchanges to get funds to finance the project. This process is called crowdfunding which means getting large funds with a small amount of money from many individuals.
These operations are not regulated by any institutions. Having no legislation makes them vulnerable to scams. Although ICOs are not regulated, SEC can intervene. SEC can intervene in all companies both, domestic and foreign, that trade in the USA. But what about the rest of the companies? There are some things that you should consider before investing in ITO:
#1. Make a research about the project you want to invest in. Be sure that it is what you want.
#2. Buy from where it is listed officially.
#3. Stay away from pump and dump scenarios.
#4. Do not get into the discount trap.
Teslafan token is the fan token that will be on Binance Smart Chain (BSC) as a BEP20 utility token. Teslafan token is not just a fan token of Tesla, Inc. supporters, but also supporters of sustainable development. It is never late to be a friend of the environment and innovation.
Teslafan token ($TESLF) will be listed on Pancake Swap on the Binance Smart Chain shortly. Pancake Swap is the first $ 1 billion project on the BSC. The initial offering will be on the Pancake Swap, and then TESLF will be on other exchanges too.
Elon Musk and his brands have always been the center of attention for their environmentally friendly products. Supporting Elon Musk and his companies is supporting sustainable development goals. If you are a supporter of sustainable development goals, then Teslafan is the right choice for you.
Innovatively using renewable energy sources is one of the priorities of Elon Musk. The projects, SolarRoofs, Powerpack, Superchargers, and Powerwall, bring the renewable energy source to the front.
Each new event toward a better world will be the celebration for Teslafan token and holders. Live all the breakthrough events with us. Let the Teslafan be the token of environmentalists!
For more information and development news about Teslafan, follow us on social media:
Teslafan Token website: www.teslafan.io
- Date of publication:
- Tue, 02/23/2021 - 06:56
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