A few years ago, it would have been almost impossible to go a few days without the announcement of an initial coin offering or another in the cryptocurrency industry. Until around 2018, ICOs were the most popular way to raise funds for promising new projects in the cryptocurrency industry and involved consumers buying that project’s native token with the expectation that it would increase in value once the project has been launched.
However, that period, often referred to as the wild west of the crypto industry, was full of scandals and fraud. Many of the projects that were promoted during that time had no merit behind them, but rather were taking advantage of a growing trend. Some were outright fraudulent and the US Securities and Exchange Commission has been prosecuting those involved in illegal and fraudulent ICOs even years after the fact.
This, along with a host of other factors, has caused ICOs to fall out of favor with the crypto-loving population and are mostly a relic of the past. However, a new form of investment has risen from the ashes and is poised to expand the reach of the industry as a whole.
The rise of STOs
Security Token Offerings, or STOs as they are commonly called, involve the tokenization of the specific asset and the sale of tokens that represent ownership of the project. STOs have been applied in a number of industries, notably real estate and even art. STOs are not only the latest craze within the blockchain and crypto industry, they represent a changing landscape of the financial world and the way people invest.
The reason why STOs seem to succeed where ICOs failed is due to a number of reasons. First, STOs are coming onto the scene at a time when the industry is much more mature and there is more regulatory oversight compared to 2017. Many ICO projects were unregistered and unsupervised, but popular STO projects boast to be registered with the regulatory bodies of your country. originally.
Carry Genius Estates, a platform offering access to STOs in a number of sectors that is about to register with the Estonian regulatory body. This means that STOs will likely spend more time on top rather than dodging authorities at all times.
In addition, there is more emphasis on access to opportunities that were previously inaccessible. GENIUX offers its users the opportunity to buy tokenized real estate projects. Normally, a person would need tens or hundreds of thousands of dollars or more to invest in a real estate project, but thanks to a platform like Genius Estates, which uses GENiUX, ordinary people can invest in different industries. ICOs, in many ways, we are interested in community crowdfunding to make a project successful, but STOs are more focused on how projects can make people rich.
Finally, the nature of STOs often means that projects must show greater merit before they can secure investment. If someone wants to buy a real estate STO project, information about the location of the project and its actual profit prospects will be made available to the public. This compares to the ICO craze where projects with poorly written whitepapers and no real use cases made wild claims to investors. Investors themselves are also more discerning these days and are unlikely to support such fraudulent activities.
GENiUX and the power of access
Much of GENiUX’s mission statement is about providing access to its various opportunities for its users. GENiUX is not limited to real estate, as people will be able to purchase STOs and NFTs for art projects, sports, road construction, and even aviation once their market is live. GENiUX is not only driving the highly profitable sector of STOs, but also making sure that access to STOs becomes easier for everyone. The platform will offer a dedicated asset market through which people can buy multiple STOs from one place starting next year when it launches.
Projects that are listed on the platform are actually vetted and investments are made through the native GENiUX token. Dividends will be paid through the same token and this means that earnings from STO investments can be streamlined to a single source for consumers.
Furthermore, GENiUX offers rewards for those who refer others to its platform and the supply of its native token, so the presale it is ongoing and highly supervised. The sale will launch on August 1, 2021.
Genius-Estates represents not only a growing and stronger STO market, but also the new values it espouses, including access to opportunity, proper oversight, and the long-term goal of improving investors’ lives while promoting magic. of blockchain technology.
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