ICO Today Magazine News
Daox is a solution that lets startups and investors form decentralized autonomous organizations which serve as advanced intermediaries. In the year 2017, more than $6 billion were raised viaan innovative fundraising approach — initial coin offering (ICO). This is incomparably more than in 2015 and 20 times higher than figures for the year 2016. The success and skyrocketing growth of this trend was due to the fact that ICO is the most convenient way of investing and raising funds nowadays. However, its current implementation (as a crowdfunding or in other forms) has a number of challenges, such as: high investment risks; complexity of tech; expensive legal support; inefficient marketing; lack of transparency; fraudulent activity; low success ratio; volatility of cryptocurrencies; unpopularity; and scams.