Thailand’s Securities and Exchange Commission (SEC) has announced plans to relax retail investment restrictions on Initial Coin Offerings (ICOs) to drive digital investment growth.
Read how this new development can boost ICO sales and why now is the right time to invest in new cryptocurrencies like Signuptoken.com.
What is an ICO?
Ever heard of the stock market term IPO or Initial Public Offering? The word refers to when a private company sells its shares to the public in a new stock issuance for the first time. This IPO allows private companies to raise equity capital from public investors. An Initial Coin Offering or ICO is the cryptocurrency version of an Initial Public Offering.
A company that seeks to raise money to create a new cryptocurrency or app or any other services related to digital assets launches an ICO to raise funds. During the ICO, investors can buy the cryptocurrency tokens issued by the company. This token may have some utility purposes related to the services offered by the company or represent a stake in the project.
How Does ICO Work?
Creating a cryptocurrency and blockchain is a costly endeavour. Developers will have to pay for Programmers, legal counsel, facilities, and other expenses. Hence, the company launches ICO to manage the costs incurred during this costly venture.
Before launching the ICO, the cryptocurrency companies publish white papers to give investors an idea of their projects. Investors can download these white papers from the websites dedicated exclusively to the token. It will include all the details including the payment method, the Duration of the ICO campaign, and how to buy the tokens.
Currently, there are three types of ICOs: Static Supply and Static Price, Static Supply and Dynamic Price, and Dynamic Supply and Static Price.
Static Supply And Static Price: In this method, the company will set a goal or limit for the money it aims to raise through the ICO. Therefore, the total token supply is fixed and each token has a preset price.
Static Supply And Dynamic Price: In this method, the total token supply is fixed. But the funding goal may change depending on the amount of money received in the ICO.
Dynamic Supply And Static Price: In this method, the price remains static. But the supply of the token will be determined by the funds received in the ICO.
Why Did the Thai Government Impose Restrictions on ICOs?
Although a few ICOs have yielded a great return for the investors, many others have failed miserably or turned out to be fraudulent. Hence, countries across the world imposed some restrictions on ICOs. To minimize the risk of fraudulent activity in ICOs, In 2022, Thailand’s Securities and Exchanges Commission proposed to tighten the regulations on token ICOs. It also imposed a limit on asset-backed ICOs per person. According to this, an individual can invest only 3,00,000 baht or $8,800 in asset-backed ICOs.
Why is Thailand Preparing to Relax the Restrictions?
On March 30, Thailand’s newspapers reported that the country’s SEC is planning to relax the restrictions on retaining investment in ICO. The regulatory body intends to revise the limit of asset-backed ICOs per person to boost the larger investment in real estate and infra-backed ICOs.
The SEC announced that the revision of regulation will enhance the effective monitoring of digital asset operations and also reduce the risks that might affect investors and markets.
Why is Now the Best Time to Join Signuptoken.com?
Signuptoken.com is a new cryptocurrency in the market that is taking the crypto industry by storm with its revolutionary marketing tactics. Considering the losses that ICOs cause to investors, the project team has decided to skip the presale stage and directly launch their token on the Uniswap crypto exchange platform.
Investors looking to invest in cryptocurrency can consider Signuptoken.com as a viable option. Because investors do not have to prepay any charges to buy the tokens.
Investors can directly visit the Signuptoken.com webpage and register with their email addresses to become a member of its millionaire club. Currently, Signuptoken.com aims to receive 10 million email signups. Once it reaches the target, the registered mail addresses will receive a message about the token launch and it will give them early access to buy Signuptoken.com.
The crypto world has been witnessing rapid change over the past few months. The recent banking crisis in the US has proved how cryptocurrencies can be used as a shield against the global economic crisis. Hence, banks in Switzerland and China are showing interest to provide banking services to the crypto industry. Major global economies such as America, Russia, and India are trying to create proper crypto regulations to make it a safe investment option for investors. As the global crypto climate is changing in favor of crypto investors, now is the perfect time to invest your money in new cryptocurrencies like signup token.com to earn maximum returns.
For More Info on Signuptoken.com:
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
