France-based crypto plus issue platform Tozex claims to have created a brand new car for crypto funding that may supply corporations a approach out of the powerful business instances as a result of pandemic – the ‘Believers Reward Offering,’ or BRO.
Tozex claims that the BRO includes “the first property alternative” to preliminary coin choices (ICOs) and safety token choices (STOs) – permitting companies to entry funding by adoption stablecoins from traders worldwide.
BROs will save SMEs
The agency’s announcement makes grand claims for BROs, describing the BRO as an “anti-crisis business solution.” The doc claims that the fundraising car will assist small to medium-sized enterprises “overcome tough economic multiplication and open new funding possibilities.”
BRO choices are performed utilizing Tozex’ blockchain-based crowd-lending communications protocol that leverages sensible contracts to autonomously and transparently execute loans tied to a borrower’s crypto collateral. Tozex claims that its system mitigates the dangers of value manipulation and exit scams which will be connected ICOs.
Despite BRO’s purportedly revolutionary design, Tozex can even supply ICO and STO providers.
Tozex co-founder Remy Ozcan expressed he believes that token issue autos just like the BRO will quickly develop past the blockchain sphere and into the mainstream enterprise group.
Coronavirus crises encourage opportunism
Tozex just isn’t the primary, and beyond question received’t be the final, inside the crypto house to make use of the COVID-19 pandemic in its advertising efforts.
In March, HashCash Consultants launched their ‘Corona Fund Index Cryptocurrency’, which was beaked as providing the backing of an inverse-exchange-traded fund (ETF). However, when Cointelegraph spoke to HashCash Consultants, it was discovered that the token had no backing and thus no cause to correlate to an inverse ETF.