Published On: Tue, Oct 31st, 2017

Norwegian Company Launches First ICO for Asset-Backed Token

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The Norwegian mining company Intex Resources ASA has announced its plan to launch the first ICO for an asset-backed token.
Companies are Turning to ICOs for Fundraising

Initial Coin Offerings have become the new popular method for companies and startups to raise money. This year most prominent ICO was conducted by the Canadian-based messaging app Kik. The token sale by Kik, which is also called Kin, was able to raise the amount of $125 million in a matter of days. The Kin ICO was the first token sale that made by a big and very-known company in the tech space.
Other big corporations have also planned their very own token sales. The famous online-retailer shop, Overstock.com, is planning to launch an ICO for its distribute ledger platform called tZero. The ICO participants and holders of the tZero token will be paid dividends by Overstock.com, similar to stock dividends. The Norwegian mining company Intex Resources ASA is also planning to conduct an ICO that will differ from other token sales.
First Asset-backed ICO

There have been several ICOs in the last couple of weeks that either don’t offer anything or sometimes pay dividends to the …

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