This whitepaper discusses the Initial Coin Exchange (ICX), a newly defined protocol for enabling established and vetted blockchain-based companies and DAOs to raise funding via selling digital assets and tokens.
The ICX presents an improved format to the Initial Coin Offering (ICO), adding substantial vetting and stage requirements to enable investors to identify quality projects, while enabling blockchain-based companies to access capital markets and fund the development and growth of their platforms and protocols.
The ICX process allows companies with established products to raise money, while working to protect against lower quality or riskier early-stage token offerings through a vetting process, a substantial innovation in capital raising.
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