|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||June 1, 2019|
|End||August 31, 2019|
ICO description, Technical Details and Documents
The world of investments has traveled far in a very short amount of time. Only a few decades ago, only a handful of people had access to the markets, and investing in various companies was seen as something that only the rich could ever afford. This all changed drastically with the arrival of the internet when the markets moved to the online world.
Suddenly, anyone could invest in anything. Major companies' stock is still extremely expensive, and not just anyone can purchase them. However, there are countless startups whose stock can be purchased or sold for only a few dollars, and in some cases — even a few cents. This changed yet again when the cryptocurrency came around and became big, with people willing to invest in various coins through ICOs, IEOs, STOs, and other token sale models.
With that in mind, investing is now easier than ever, but also riskier than ever before, especially if there is will to invest, but not enough experience to make a good call. This is something that a project known as Cornucopia aims to change.
To put it simply, Cornucopia is a privately-held index fund that aims to acquire shares in private companies prior to their IPOs. However, what makes this particular index fund unique is its investment strategy. The project will not have a handful of experts that would make all the calls. Instead, it would use the blockchain and its community who would dictate the index fund's actions. In other words, the project aims to use the swarm theory and the wisdom and knowledge of the crowd.
Purchasing shares before IPOs is an excellent way of making a profit, but in order to do so successfully — the investor needs to know how to recognize a project or a company that has potential. Evaluation and selection of various opportunities are crucial, and many tend to make the wrong call and lose their investment.
This is something that Cornucopia plans to change with its platform and provide all of its participants with significant profits, relying on the experts' knowledge and experience. The community will choose together and make profits or experience losses together. However, due to the fact that the crowd is likely to have quite experienced investors, it is far more likely that the index fund will make the right call more often than not.
Cornucopia has not yet announced the time and date of its ICO, although the token sale should be held at some point in the future. The project's token will be known as HORN, and it is a utility that is being developed on Ethereum's network, which makes it an ERC-20 token.
Its ICO price is also already known, sitting at $0.1 per token. Interested investors will be able to obtain it in exchange for Ethereum (ETH), as well as for fiat currencies. The token sale's soft cap will be $3 million, while the hard cap is set at $15 million.
The project is registered in the British Virgin Islands, and it has no restricted areas as of yet. Whether or not this might change in the future remains to be seen.
* Crypto Rating accepts no liability for any errors in the Cornucopia ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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