Hoganhound here's the deal ICO = initial coin offering. Basically like a IPO but crowdfunded on web NItro will invest in gaming industry (complementary to ICI) There is a pool of $40m USA coins, if you buy a coin you get 60% of the profits from these game investments & 40% is reinvested back to new games. They plan to sell initial 50%, 15% is given to Icandy, bit more for management and balance is sold at a later date when price higher. Benefits for Icandy - - those coins likely to move up in value or they sell them and have Bit, Etha or Ripple which will continue increase in value or use Fiat (ie that old stuff USD/AUD etc) to grow their business - 15% coins they own will pay divs - Icandy will be able to increase revenue, profits and lower costs with a relationship with Nitro - it's innovative forward thinking stuff, what else is going on there ? Why Crypto ? Why deal with what 3ml people or so playing Asx ? When you can with entire world audience ? No geographic boundaries, 24/7 https://www.forbes.com/sites/jonathanchester/2017/06/12/a-new-way-to-raise-money-the-initial-coin-offering/?s=trending#31b5c0101365
ICI Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
