PARIS, June 18, 2020 /PRNewswire/ — Tozex—the France-based cryptoasset platform for issuing, financing, and buying and selling—has launched the Believers Reward Providing (BRO). The BRO is the primary sustainable various to ICOs and STOs to assist SMEs overcome robust financial instances and open new financing prospects.
The BRO is a model new crowdlending funding system that permits businesses to finance their growth by borrowing crypto property (stablecoins) from traders all over the world. Totally different from its predecessors, the BRO is the primary crowdlending protocol created on the blockchain that makes use of sensible contract capabilities and helps stablecoins.
Tozex’s co-founders, crypto and blockchain consultants Remy André Ozcan and Christophe André Ozcan, emphasize the significance of a brand new fundraising mechanism. Based on them, the BRO is a fundraising technique that can turn out to be useful right now, when the market is struggling to outlive one of the vital extreme economic crises of the 21st century. Compared to the extra dangerous ICO (which flourished throughout the 2017 cryptocurrency growth when individuals have been prepared to take dangers), the BRO implements a 100% transparent crowdlending system that ensures the execution of the settlement between the investor and the borrower. That is fairly an answer right now when everyone seems to be considering twice.
The BRO will not be solely a safer and clear model of ITO but in addition a mechanism that lets non-crypto companies tokenize their property and discover a new and potential means of funding.
“We count on that ITO will get out of its historic cradle as a fundraising technique devoted to blockchain startups solely. Contemplating its traits (fast begin, huge funds, no capital dilution, liquidity), this new highly effective technique to elevate funds can’t be restricted to startups sooner or later,” says Remy André Ozcan, co-founder of Tozex and president of the French Federation of Blockchain Professionals (FFPB).
Tozex’s BRO permits customers to sharply lower the pump-and-dump phenomenon, restrict volatility, and foster development by offering equal remedy of all contributors—a characteristic that we could not even dream of earlier than and the absence of which consequently made many market gamers unfriendly in direction of the brand new applied sciences. On the similar time, the Tozex platform permits customers to decide on any fundraising mechanism they like. BRO, ICO, and STO will likely be accessible after the Tozex BRO marketing campaign, which formally begins on June 22, 2020, and is now going by way of its pre-investment stage.
Extra data accessible on Tozex’s website.
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