NEWSBTC: DESICO Seeks To Simplify Security Token Sales
DESICO touts itself as a legal and fully-regulated ICO launcher. It is a Lithuania-based organization.
The territory is crypto-friendly just like its global peers Estonia, Belarus, Malaysia, and many others. Getting a license in Lithuania means that DESICO can expand all across Europe thanks to its EU membership and euro. The company has also received special mention from the government for promoting and simplifying ICO legalization. Now, check out its platform.
In its whitepaper, DESICO elaborates on three key problems of the ICO industries. These are: Lack of legal framework for the issuance of security ICOs; Lack of liquidity post-ICO; and Lack of liquidity for the conversion of crypto assets to FIAT currency in ICOs. According to the whitepaper, DESICO will operate an exchange, as part of the DESICO ecosystem. This exchange will provide immediate liquidity for the security tokens issued by any business on the DESICO platform. The exchange will be subject to the regulatory supervision of the Bank of Lithuania.
DESICO will receive a European e-money license, or will have direct access to the services of an institution in possession of one. This will allow DESICO to execute payments and manage payment accounts.
ICO-funded businesses using DESICO will be able to manage both crypto and fiat holdings. They will also have the opportunity to exchange their cryptocurrencies into fiat currencies in order to develop their businesses. Investors will be able to verify their identity just once, and then use this verification to participate in any of the site's ICOs.
NewsBTC still needs to do more research and learn about them. NewsBTC may interview DESICO for a short-interview to understand how they will achieve their goals. There are also some questions regarding the international expansion of the platform of their kind. Like, what if they make a mistake in listing the legitimate ICOs?
Please remember this is a paid release, not investment advice.
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