DESICO is unique because security tokens are the next megatrend in the crypto world, and DESICO will spearhead the charge by being the world’s first platform to provide ICOs with legal compliance, plus clear rules and a roadmap to issue security tokens in a European Union and Eurozone member state.
One of the biggest issues currently facing the blockchain community is the lack of legal frameworks. This absence of legal regulation means that many blockchain-based startups fail to raise funds, and many investors are hesitant to invest into blockchain-based projects. A clear legal environment and a fully legal method of issuing security tokens in a European Union and Eurozone member state will set new standards for the widespread adoption of blockchain-based projects in the future.
The DESICO crowdfunding platform will allow ICOs to issue security tokens and raise capital. ICOs will receive full support throughout their fundraising process, including legal and marketing packages. We believe that the cost of launching an ICO via DESICO will be approximately three times lower than the current costs of launching an ICO independently.
Today, the majority of tokens lose their value shortly after the completion of an ICO because they are not listed on any exchanges. DESICO will operate a built-in exchange where security tokens will be tradable from day one after the completion of any ICO on the DESICO platform. This means that security tokens issued via DESICO will have instant liquidity. Built-in exchange also means that DESICO users will have the opportunity to easily exchange their crypto currencies into FIAT currencies and vice versa.
The European Union e-money licence enables DESICO to legally execute payment transactions and manage payment accounts. DESICO users will be able to safely transfer their funds to the DESICO platform using their International Bank Account Number (IBAN), and easily exchange their FIAT holdings into crypto currencies and vice versa.
The DESICO platform will operate under the Law of Crowdfunding of the Republic of Lithuania. Lithuania is a member of the European Union and part of the Eurozone. The law allows ICOs to raise capital by issuing security tokens. DESICO will be fully supervised by the Bank of Lithuania, which is under the control of the European Central Bank.
The core DESICO team has extensive experience in developing crowdfunding solutions both for private persons and businesses. In 2015, they launched Finbee, one of the best performing peer-to-peer platforms in Europe. DESICO executive team also includes professionals with extensive experience in large scale IT project management.
The DESICO team is comprised of experts from the fields of banking and finance, legal, plus PR and marketing. Each team member has international experience in bringing successful projects to life. Their combined talents will ensure that the DESICO project achieves its objective of setting new standards for security ICOs.
DESICO's current team of advisors include Electronic Arts co-founder, Jeff Burton; Director at the European Commision Expert Advisor on Alternative Finace, Ronald Kleverlaan; Global Fintech influencer and Co-Founder & author at Daily Fintech Dr. Efi Pylarinou; Digital Marketing Advisor, Donatas Tamelis, and Legal Advisor, Dr. Vytautas Šenavičius. Further DESICO advisors will be announced in due course.
DESICO is based in Lithuania thanks to the country's favourable crowdfunding climate, its status as an EU and Eurozone member, and the Lithuanian government’s open support for blockchain-based fintech projects. The Law on Crowdfunding of the Republic of Lithuania is one of the very few laws in the world that allows ICOs to raise capital by issuing security tokens.