The rate at which the number of Initial Coin Offerings within the cryptosphere has exploded over the last two or so years should not be news to anyone that is conversant with the blockchain technology. These ICOs appear to be the new gold mine when companies intend to raise funds to execute a project or service that has it's roots in blockchain technology. This rapid rise in the number of ICOs within the cryptosphere is a clear indication that this method of fundraising is proving efficient enough to be able to displace the other fundraising mechanism available to us. However, just like every other major technological advancements, the Initial Coin Offering is still riddled with several shortcomings of which insecurity and lack of transparency will appear at the top of the list and nothing best highlights the shortcomings than the high failure rates of project and numerous scams over the past year.
The STO (Security Token Offering) model is a solution which has been proferred in order to limit the shortcomings associated with ICOs. This is not to say that the STO model is completely free of disadvantages but the good news is that a team of blockchain technology experts who are behind the Eqwity platform are working on a model which will bring about a regulated industry.
Eqwity is the first decentralized ecosystem to make forays into the security token offerings market and the platform is offering users a very easy way to enter the STO market by offering a decentralized ecosystem which offers the possibility of performing a Security Token Offering. The platform is also working to introduce the “STO Plus" (a new hybrid model) and a Proof of Viability (PoV) concept.
Tokenomics of Eqwity
As the Eqwity platform has two tokens, I will be briefing you on the token details of both
EQYS (Security Token): The security token of the platform is ERC-1400 compliant and is backed by company shares. The EQYS tokens give holders voting and dividend rights. Total shares of EQYS that could ever be in circulation stands at 60 million which a unit price of 1 USD.
EQY (Utility Token): The utility token is of ERC-20 standard with a total supply of 625 million. The EQY token has a unit price of 0.1 USD.
Conclusion
Due to the rate at which ICOs have been failing of recent, I am of the opinion that a project in the mould of Equity which is looking to bring joy back to investors is a real necessity and I really cannot wait for activities to fully commence on the platform.
If you intend to let more about Eqwity, you can visit any of the links listed below;
Official Website: https://www.eqwity.io/
Whitepaper: https://www.eqwity.io/wp-content/uploads/2019/02/Eqwity_WhitePaper_ENG_2.0.pdf
Telegram: https://t.me/Eqwity
Facebook: https://www.facebook.com/Eqwity-925774120955061
Twitter: https://twitter.com/eqwity_official
Authrs Btt Username: mtbosede
Authors Btt Url: https://bitcointalk.org/index.php?action=profile;u=2407189
