15 May 2018 Kristina Pavlova
Spotlight: Komodo’s dICO App
The Decentralized initial coin offering is an innovative technique of crowdfunding a blockchain project through atomic swap technology. The atomic swap removes escrow services and any third parties to facilitate the raising of funds.
The atomic swap dICO is a move toward the reduction of risk in crypto space. Komodo has also implemented an application which gives the users the opportunity to participate in a decentralized ICO.
The open-source dICO technology presents developers and entrepreneurs access to a free and decentralized blockchain toolkit to set up an independent blockchain, customize it, start a crowdfunding campaign and integrate blockchain tokens into DEX.
The Komodo app is being described as a white label app which could be used by any project to customize and provide the users with a solution to buy into a dICO.
Decentralized ICOs are paving the way but still are an unproven model. They are built to allow crowdfunding projects to explore investments without middleman or exchanges.
Utrum.io held the first (dICO) dApp. It is a platform with reviews and analyses for cryptocurrency investors. Utrum named their dICO “Grandma Friendly” because it is so simple and secure that even grandmas can participate.
Until the current moment, ICOs have been restricted by the number of currencies that are possible to be used for investment. It might be necessary for an investor to pass over three or four different coins before investing in ICOs.
Komodo’s dICO app supports direct exchanges between two cryptocurrencies. It is customizable to meet the requirements of any project and at the same time provides complete privacy and security.
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