More than one well known “crypto expert” has gone on to say that initial coin offerings (ICOs) are dead. Some even go as far as to say that ICO is synonymous with the word “scam.” Whether this is true or just another example of news being blown out of proportion is neither here nor there. The real topic of discussion involves startups and their fundraising efforts. Nowadays, they are forced to get more creative. Hence, bitcoin micro loans are taking center stage in this new, regulated crypto market.
GOOGLE SAYS ICO IS DEAD; OPENING DOORS FOR BITCOIN MICRO LOANS
You may disagree that ICO’s are dead but you can’t deny the data. If you look at Google Trends data over the past year, you’ll notice that interest in the search term “ICO” has dropped drastically. Last year around this time, ICO had a score of 100, which is a peak of interest. Today, we’re looking at a score of 10. So if startups aren’t using ICO to raise money anymore, what are they using?
BITCOIN MICRO LOANS OPEN UP THE DOOR FOR STARTUPS
Years ago, before crypto and before the internet, small businesses would go to banks to seek loans. This starting capital would help to build a business and when the income was achieved, the loan would be paid back. Today, crypto startups are utilizing a similar method with bitcoin micro loans. Crypto lending platforms let crypto startups put up their crypto as collateral in exchange for a cash loan. This allows them to raise seed money for their operation without having to sacrifice their acquired assets in the process. Is this the new future of startup fundraising?
THE BEST BITCOIN MICRO LOANS FOR STARTUPS
There are a variety of crypto lending platforms out there but for startups, YouHodler is the one that offers the most benefits. With BTC, BCH, BSV, ETH, LTC, XRP and more as collateral options, and loan to value ratio as high as 80%, startups get the most value for their loan. Furthermore, this platform has an attractive affiliate program that allows startups to earn interest of each loan their referral takes out on the platform. As the ICO slowly slips away into nonexistence, startups are utilizing crypto lending to fund their dreams and be a useful part of this industry.
Cryptocurrency is something imperative and necessary.