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Cryptocurrencies, ICOs, & Tokens- Issue #2

Cryptocurrencies, ICOs (Initial Coin Offerings), and Token Sales are the hot new thing in tech today.
Cryptocurrencies, ICOs, & Tokens- Issue #2
By Stefan Theofilos • Issue #2 • View online
Cryptocurrencies, ICOs (Initial Coin Offerings), and Token Sales are the hot new thing in tech today.  Many companies are turning to ICOs to raise money instead of bootstrapping or turning to Venture Capital.  Why?  Well according to Fred Ehrsam, co-founder of Coinbase, a few key component of tokens are:
  1. They are the currency that is used in the app itself.
  2. Contributors to the app are directly paid for their contributions in tokens. This can be extremely granular.
  3. The tokens are easily converted to any local currency since they are on the blockchain.
A new business model is being created from this, the decentralized business model.  Companies get to create their own economic ecosystems.  It is unique because it is enabled by the internet and cryptocurrencies.
You can read more about this new business model here.

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Sixty: My friend’s startup. They find, vet, and manage experts, as well as connect them with users and facilitate payment with real-time software.
Remote Starter Kit: Working remote is starting to become normal in today’s workplace.  This is a curation of tools that can help remote workers because more productive.
If you’ve made it this far, I’d love to hear your feedback on what you’d like to see, or not like to see, in the next digest. Just hit the reply button!

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Stefan Theofilos

UI/UX Designer @LucroSolutions, Entrepreneur - Early Adopter - Tech Geek. Sports Enthusiast // Future Forbes 30 Under 30

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