Do you know what an ICCO is? Do not worry if you don’t because the likely answer is that most of us don’t.
Palladium, which is a Blockchain firm based out of Malta, will apparently partner with Bittrex and one other firm to make what can be termed a “regulated cryptocurrency exchange,” with its headquarters in Binance’s backyard of Malta.
The way that this is possible is mainly due to Malta’s status as a Blockchain hub, with regulation that is becoming more and more friendly towards the Crypto world, over time.
Now, that’s all well and good, but what exactly is an ICCO? All in all, it is not as complicated to understand as you might think.
According to a report on the subject by Cointelegraph, the major difference between an ICO and an ICCO is that in an ICCO, those who invest in it will be able to access the value of the token at a later date, in the form of traditional shares in the company being invested in.
Judging by the same article, this should be somewhere around three years after the initial offering, which, in effect, could be said to encourage vested interest in the firm. If you are not yet aware, what we mean by vested interest here is that investors take a long term interest in the firm.
Therefore, the process of investing an ICCO is contrary to that of investing in an ICO, in that it is not about making a quick buck.
Apparently, in the case of Palladium, the Prime Minister of Malta attended the launch of its ICCO at the Malta Stock Exchange, just a week ago.
Furthermore, to promote Blockchain education across the country, the University of Malta will be offering a Blockchain degree by October of this year.
With Binance and Palladium already hitting Malta’s shores with such auspicious plans, one can only wonder what companies will follow.
By: BGN Editorial Staff