What is Binance based on ICO?
What is Binance based on ICO? The essence of ICO is to raise funds by issuing a
What is Binance based on ICO? The essence of ICO is to raise funds by issuing a new way of fundraising. This new form of financing is called Initial Exchange Offering (IEO), also known as “investment company” or “equity crowdfunding” abroad. According to a statement by the U.S. Securities and Exchange Commission, “We have conducted such activities in cooperation with some overseas institutions and individuals.” Binance’s ICO was initiated and established by a company called Binance Ventures, aiming to create an investment company network that builds infrastructure for the cryptocurrency market and provides innovative solutions. The project was launched in September 2017, at which time the company hoped to develop a software product for digital assets using their own technology.
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