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Initial Coin
Offerings, also known as ICOs is the cryptocurrency version of
crowdfunding and are a part of the crypto world that is most likely here
to stay. It's one of the easiest and most efficient methods to fund
projects and for regular users to invest in projects they see value in.
An Initial Coin Offering is an event that usually extends over a period
of one week or more and in which everyone is allowed to purchase tokens
in exchange for established cryptocurrencies like Bitcoin (BTC) or Ether
(ETH).
In an ICO,
there can be a specific goal or limit for project funding, meaning that
every token will have a pre-designated price that will not change during
the Initial Coin Offering period, which also means that the token
supply is static.
It is also
possible to have a static supply with a dynamic funding goal, in which
the distribution of tokens will be made according to the funds received,
meaning that the more funds the project receives the higher the token
price will be.
At this
moment it is too early to discuss if ICO will have static or dynamic
supply, so we will only focus on fact that JollyCoin will be developed
and widely used by its community of supporters and newcomers after
public lunch.
JollyCoin is a
peer-to-peer Internet currency that enables instant, near-zero cost
payments to anyone in the world. JollyCoin features faster transaction
confirmation times and improved storage efficiency than the leading
math-based currency.
JollyCoin
Blockchain is capable of handling higher transaction volume. Due to more
frequent block generation, the network supports more transactions.
As we progress in development, we will keep you updated. Stay tuned.
