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      "permlink": "steemitboard-notify-tozex-20191210t182154000z",
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      "body": "Congratulations @tozex! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@tozex/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@tozex) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=tozex)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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{
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    {
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      "parent_permlink": "blockchain",
      "author": "tozex",
      "permlink": "tozex-the-future-of-finance-blockchain-technology-used-for-smes-financing",
      "title": "TOZEX - The future of finance, Blockchain Technology used for SMEs Financing",
      "body": "<center>![NOE-projet4.jpg](https://cdn.steemitimages.com/DQmdPuNKs9mywd1Y2htctvMNC4gJHY9CBj7qrQM9dvXr1jh/NOE-projet4.jpg)</center>\n\n<center>Tozex - The future of Finance, Blockchain Technology \nused for Small & Mid-Size Entreprise Financing</center>\n\n<h2 style=\"color: #2e6c80;\"><b><center>DREAM, FINANCE & SUCCEED</center></b></h2>\n\n<p class=\"graf graf--p\" style=\"text-align: justify;\">Despite playing a major role in the economy, small and medium sized enterprises (SMEs) still suffer from a deep funding shortfall. Traditional finance does not offer appropriate answer to small and mid-cap market. Access to finance appears to be the largest challenge for SMEs.</p>\n\n<p class=\"graf graf--p\" style=\"text-align: justify;\">The combination of non-reliable public information and complex share transferability mechanisms does not attract investors because of the illiquid nature of investments. Investors are looking for safe corporate values ​​and sufficient liquidity to swap shares. For SMEs, time to market is often a major milestone. Financing deadlines must follow the rhythm of strategic companies' decisions.</p>\n\n<p class=\"graf graf--p\" style=\"text-align: justify;\">SMEs had so far only few financing tools at their disposal until the emergence of token based fundraising mechanism, most well known as&nbsp;<strong class=\"markup--strong markup--p-strong\">Initial Token Offering. </strong>This new method is an important step for the global finance ecosystem towards the decentralization of finance.</p>\n\n<p class=\"graf graf--p\" style=\"text-align: justify;\">In 2018, almost <a class=\"markup--anchor markup--p-anchor\" href=\"https://www.coinschedule.com/stats/ALL?dates=Jan+01%2C+2018+to+Dec+31%2C+2018\" target=\"_blank\" rel=\"noopener\" data-href=\"https://www.coinschedule.com/stats/ALL?dates=Jan+01%2C+2018+to+Dec+31%2C+2018\">21 billions&nbsp;</a>of dollars have been raised to finance up to 900 projects. Although this fundraising method still remains marginal compared to other traditional methods but represents an important development potential because of its own innovative characteristics. Indeed, token based fundraising mechanism offers a way to attract, during any life cycle company stages, every kind of investors at global scale 24/7/365 (institutional, corporate and retail) by offering an easily transferable asset capability. Besides, it allows to dissociate financing and control of the company and ability to make known a company before its success. We are deeply convinced that it's a financing game changer.</p>\n\n<p class=\"graf graf--p\" style=\"text-align: justify;\">However, current access to this new powerful fundraising way remains very scattered, costly and opaque between service providers (token design providers and crypto asset exchange platforms) and key stakeholders (entrepreneurs, investors and traders). Those obstacles prevent mass adoption of this new fundraising method directly offered to SMEs.</p>\n\n<p class=\"graf graf--p\" style=\"text-align: justify;\">Our primary goal is to bring a turnkey solution by providing more trust and transparency in this field allowing entrepreneurs to fund their entrepreneurial dream through a set of token based fundraising campaign (ICO*, STO* or <a class=\"markup--anchor markup--p-anchor\" href=\"https://hackernoon.com/viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro-7efbdbe0c25f\" target=\"_blank\" rel=\"noopener\" data-href=\"https://hackernoon.com/viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro-7efbdbe0c25f\"><strong class=\"markup--strong markup--p-strong\">BRO*</strong></a>). We will modernize raising capital by facilitating its access and upgrading a traditionally illiquid and costly process.</p>\n\n## What is TOZEX\n<center>![tozex-ecosystem_2019-04-05.jpg](https://cdn.steemitimages.com/DQmXpFtf9sfZshtrFoNoz6UYHKFzaPSfZXdz7Y9WzHYgCFP/tozex-ecosystem_2019-04-05.jpg)</center>\n\n<p class=\"graf graf--p graf--empty\">&nbsp;</p>\n<p class=\"graf graf--p\"><strong class=\"markup--strong markup--p-strong\">TOZEX </strong>is a financing platform which integrates a <strong class=\"markup--strong markup--p-strong\">\"Tokenpad\"; </strong>allowing to set up a token based crowdfunding campaign dedicated to finance SMEs project with an embedded <strong class=\"markup--strong markup--p-strong\">trading market place. </strong>What current actors can offer <strong class=\"markup--strong markup--p-strong\">in 2 to 4 months,</strong><strong class=\"markup--strong markup--p-strong\"> TOZEX </strong>can offer it <strong class=\"markup--strong markup--p-strong\">in few days</strong> without any specific skills at cost effective.</p>\n\n<p class=\"graf graf--p\">The primary goal of <strong class=\"markup--strong markup--p-strong\">TOZEX </strong>is to improve access to SMEs financing by using Blockchain Technology and gather in the same trustable ecosystem entrepreneurs and investors.</p>\n<blockquote class=\"graf graf--pullquote graf--startsWithDoubleQuote\"><strong class=\"markup--strong markup--pullquote-strong\"><em class=\"markup--em markup--pullquote-em\">We build too many walls and not enough bridges.Isaac&nbsp;Newton</em></strong></blockquote>\n<br>\n<p class=\"graf graf--p\"><strong class=\"markup--strong markup--p-strong\">TOZEX </strong>is a unique gateway between <strong class=\"markup--strong markup--p-strong\">the primary and the secondary market</strong>. It removes all the existing barriers of managing the token life cycle relative to the fundraising campaign (<strong class=\"markup--strong markup--p-strong\">issuing, financing, and trading</strong>) within one unique automated and fully regulated platform.</p>\n<p class=\"graf graf--p\">Our open source smart contract library allows entrepreneurs to select the most adapted token based fundraising mechanism to their project and needs (ICO*, STO* or <a class=\"markup--anchor markup--p-anchor\" href=\"https://hackernoon.com/viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro-7efbdbe0c25f\" target=\"_blank\" rel=\"noopener\" data-href=\"https://hackernoon.com/viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro-7efbdbe0c25f\"><strong class=\"markup--strong markup--p-strong\">BRO*</strong></a>). In addition, for the more experienced users, they will be able to choose their own Blockchain network between <strong class=\"markup--strong markup--p-strong\">Ethereum, Ethereum Classic, RSK or Credits </strong>to deploy their newly issued cryptoasset.</p>\n\n<p class=\"graf graf--p\">Once, the fundraising stage is successfully completed, tokens are going to be traded on the secondary market. In this purpose, the project will be first submitted to our internal Committee of Control and then to the community through a voting phase.</p>\n<p class=\"graf graf--p\"><strong class=\"markup--strong markup--p-strong\">TOZEX </strong>platform is the perfect place to exchange them on the secondary market through an auditable decentralized order book avoiding market manipulation and ensuring the liquidity demand.</p>\n\n## Who are TOZEX's users?\n\n<p class=\"graf graf--p graf--empty\">&nbsp;</p>\n<p class=\"graf graf--p\"><strong class=\"markup--strong markup--p-strong\">TOZEX </strong>has been designed for all key stakeholders of such specific fundraising mechanisms. They will have the opportunity to exchange value at different stages of the token life cycle within a trustworthy ecosystem. Indeed, <strong class=\"markup--strong markup--p-strong\">TOZEX </strong>will provide a unique gateway to create a sustainable primary and secondary market for:</p>\n<p class=\"graf graf--p\">1. <strong class=\"markup--strong markup--p-strong\">Entrepreneurs </strong>who are looking for investments. They could launch a token based fundraising campaign (ICO, STO or <a class=\"markup--anchor markup--p-anchor\" href=\"https://hackernoon.com/viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro-7efbdbe0c25f\" target=\"_blank\" rel=\"noopener\" data-href=\"https://hackernoon.com/viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro-7efbdbe0c25f\"><strong class=\"markup--strong markup--p-strong\">BRO</strong></a>) without the need to know a single line of code and suffer from extensive costs. They will be able to manage all token life cycle phases (issuing, financing and trading) in the same platform by using friendly and customer centered tools. Entrepreneurs will also benefit from a huge marketing and communication exposure through our community network effect.</p>\n\n<p class=\"graf graf--p\">2. <strong class=\"markup--strong markup--p-strong\">Investors </strong>who want to invest in SMEs at an early stage without suffering from illiquidity of their investments. They will have an opportunity to compare profitability and risks of projects in order to select the best potential valuable projects. Investment decisions will be made on reliable information and conditions and investments will be transparent and definitive.</p>\n<p class=\"graf graf--p\">3. <strong class=\"markup--strong markup--p-strong\">Traders </strong>who are looking for a new model of cryptoasset exchange platform which offers the possibility to trade valuable assets with transparency, security and competitive fees. Orders will be based on auditable &amp; real time trading volume (decentralized order book) and on historical track record information related to the cryptoasset.</p>\n<p class=\"graf graf--p\">Finance built upon Blockchain infrastructure will open up new possibilities for financial innovation specially for financing SMEs. For the first time in history, SMEs have at their disposal programmable capital raising mechanisms which bring wider access, transparency and liquidity. Entrepreneurs can recapture sovereignty over their finance. It will be without doubt the preferred capital raising avenue for SMEs within next years.</p>\n<p class=\"graf graf--p\">The token is at the Blockchain what the email is to Internet, a tool to represent and transfer value. Tokens will be at the heart of the future economy and <strong class=\"markup--strong markup--p-strong\">TOZEX </strong>will be the gate to this promising future.</p>\n<h2 style=\"color: #2e6c80;\"><b><center>Let's Decentralize and Democratize Finance!</center></b></h2>\n\n<center>Follow us:</p></center>\n\n<center><img class=\"graf-image\" src=\"https://cdn-images-1.medium.com/max/800/1*XpwDz2_s8s2Q2pJ29_8lig.png\" data-image-id=\"1*XpwDz2_s8s2Q2pJ29_8lig.png\" data-width=\"319\" data-height=\"44\" /></figure></center>\n<center><p class=\"graf graf--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"https://www.facebook.com/Crypto4Allofficial/\" target=\"_blank\" rel=\"noopener\" data-href=\"https://www.facebook.com/Crypto4Allofficial/\">Facebook</a>, <a class=\"markup--anchor markup--p-anchor\" href=\"https://twitter.com/tozexofficial\" target=\"_blank\" rel=\"noopener\" data-href=\"https://twitter.com/tozexofficial\">Twitter</a>, <a class=\"markup--anchor markup--p-anchor\" href=\"https://www.instagram.com/crypto4all_official/\" target=\"_blank\" rel=\"noopener\" data-href=\"https://www.instagram.com/crypto4all_official/\">Instagram</a>, <a class=\"markup--anchor markup--p-anchor\" href=\"https://www.linkedin.com/company/crypto4all/\" target=\"_blank\" rel=\"noopener\" data-href=\"https://www.linkedin.com/company/crypto4all/\">Linkedin</a>, <a class=\"markup--anchor markup--p-anchor\" href=\"http://tozex.io/\" target=\"_blank\" rel=\"noopener\" data-href=\"http://tozex.io\">Website</a>, <a class=\"markup--anchor markup--p-anchor\" href=\"https://medium.com/@tozex\" target=\"_blank\" rel=\"noopener\" data-href=\"https://medium.com/@tozex\">Medium</a></p></center>\n</div>\n</div>\n\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">ICO: Initial Coin Offering</em></p>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">STO: Security Token Offering</em></p>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">BRO: Believers Reward Offering</em></p>\n<h4 class=\"graf graf--h4\">Check our previous&nbsp;article:</h4>\n\n[Viable Alternative to ICOs - Introduction of the \"Believers Reward Offering\"(BRO)](https://steemit.com/blockchain/@tozex/viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro)![Screen Shot 2019-04-17 at 16.00.00.png](https://cdn.steemitimages.com/DQmdU3n8ywcovtTdSc312Jak7LqXcuozUuxXBNqg4hZRapx/Screen%20Shot%202019-04-17%20at%2016.00.00.png)</center>",
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      "permlink": "partiko-re-tozex-viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro-20190118t172657330z",
      "title": "",
      "body": "[![](https://d1vof77qrk4l5q.cloudfront.net/statics/upsell-delegate-15-steem-power-2.png)](https://partiko-io.app.link/A27hLeUkgT)",
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{
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      "parent_permlink": "blockchain",
      "author": "tozex",
      "permlink": "viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro",
      "title": "Viable Alternative to ICOs - Introduction of the \"Believers Reward Offering\"(BRO)",
      "body": "<center>![Picture2.jpg](https://cdn.steemitimages.com/DQmNSPMem2mkgsmKzSvYUZp6SaxJconNWRSpTpDZWssaFtT/Picture2.jpg)</center>\n<div class=\"text-justify\">Blockchain Technology is fundamentally changing the way of exchanging value and tokens are at the heart of it. Since 2017, we have seen the explosive emergence of a powerful token based fundraising mechanism : Initial Coin Offering (hereinafter “ICO”).</div>\n<br>\n<div class=\"text-justify\">An ICO consists in proposing the acquisition of tokens in exchange of cryptocurrencies (eg : BTC or ETH) or in compensation for the realization of specific actions in favour of the project (promotion, audit, test, etc...). Token issuance allows to raised funds from worldwide investors in order to finance the development of a product or service.</div>\n<br>\n<div class=\"text-justify\">The growing success of the ICOs reveals its attractivity as fundraising method. However, ICOs still suffer from challenging issues for both project owner and investors. </div>\n<br>\n\n## What are the problems of ICO ? \n<br>\n<div class=\"text-justify\">First of all, the project owners suffer inevitably from the pump and dump phenomenon driven by major investors following the official listing of the token on a crypto asset exchange. In the vast majority of ICOs, token price will probably never return of its initial value and reduce the attractivity of the project itself due to the important bonus given during the ICO crowdfunding. Currently there is no equal treatment between investors.</div>\n<br>\n<div class=\"text-justify\">Secondly, high volatility of the cryptocurrencies such as BTC or ETH provides uncertainty for both investors and project owner, just take a look at the damaging bankruptcy effect during the bearish market, investors are exposed to the volatility of the cryptocurrency used for the investment and face to erosion of the initial capital invested. From the project owner side, amount of the capital raised in cryptocurrencies will vary from time to time because of the volatility which is a problem for the management of company’s treasury. Volatility weakens the structure of the fundraising method.</div>\n<br>\n<div class=\"text-justify\">Thirdly, currently most of ICOs are conducted without transparency during the campaign by not publishing the smart contract address. Investors are not able to verify the total supply of tokens and their correct distribution. Moreover, they cannot check in real time the raised amount which prevents from FOMO/FUD effect and false statement. More than that, smart contract provides trust between parties by guaranteeing that the initial deal will not be modified in the future which allows also to verify there are no hidden deals.</div>\n<br>\n<div class=\"text-justify\">Unfortunately, current ICOs mechanism doesn’t encourage alignment of interests between project owner and investors and provides uncertainty for both parties. That's why we have a designed a totally new token based fundraising mechanism called “Believers Reward Offerings”.</div>\n<br>\n\n## What’s new with the BRO ? \n<br>\n<div class=\"text-justify\">The \"Believers Reward Offering\" (BRO) aims to offer a sustainable alternative to Initial Coin Offerings as new token based fundraising mechanism. The BRO allows to sharply decrease the pump and dump phenomenon, limit volatility, foster growth by providing equal treatments of all contributors called “believers”.</div> \n\n### How ? \n<br>\n<div class=\"text-justify\">The BRO allows a company to finance its development through a loan of crypto currency. Investors will contribute with a stablecoin such as USDT/DAI and they will receive a payment of an interest and benefits of a complementary bonus for the trust on the project. They will be paid with a dedicated token on a quarterly basis between 12 and 18 months (the duration of the loan will depend on the borrowed amount). All the conditions of the loan are transparent and definitive. They are coded on the smart contract. No place for bad faith in the reimbursement and payment. Payments are automated and reflects the initial deal. </div>   \n\n### How we can limit the volatility of the token used for the payment of interest and capital reimbursement? </div>   \n<br>\n<div class=\"text-justify\">Firstly, the tokens distribution will be diluted over the time through the quarterly distribution. Secondly, the starting date of each individual loan will not be the same which means that contributors will not receive in the same time the tokens. Indeed, the calculation of the start date will depend on the day when the contributor has borrowed the amount. As a new way to fundraise, we are better placed to be the first project to propose it. Our fundraising campaign will stay open during 3 months (or it could be more if the period is too short to target the fundraised amount). </div>   \n<br>\n<div class=\"text-justify\">Thirdly, we put in place a bonus reward mechanism which is a a way to encourage its long-term holding by offering an additional reward for those investors who do not sell the tokens and hold them. </div>   \n<br>\n<div class=\"text-justify\">Finally, when you combine the use of stablecoin for investment, dilution of token distribution over the time and offers a reward for holding, BRO offers a sustainable new way to raised funds without suffering from challenging issues existing with ICOs. Moreover, every contributor who participate to this fundraising campaign will know the process which means that the project will only attract true believers on your project and not dumpers.</div>   \n<br>\n<div class=\"text-justify\">Like BROthers we consider that project owner and investors are part of the same family and have to share the vision of the family’s development. </div>   \n<br>\n<div class=\"text-justify\">More information will be given about our protocol in the coming weeks. Join us on this new revolution by subscribing to our newsletter or by following us on our social media.</div>   \n\n# Follow us\n[Twitter](https://twitter.com/tozexofficial)\n[Facebook](https://www.facebook.com/tozexofficial/)\n[Linkedlin](https://www.linkedin.com/company/crypto4all/)",
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      "parent_permlink": "blockchain",
      "author": "tozex",
      "permlink": "viable-alternative-to-icos-introduction-of-the-believers-reward-offering-bro",
      "title": "VIABLE ALTERNATIVE TO ICOs INTRODUCTION OF THE “BELIEVERS REWARD OFFERING” (BRO)",
      "body": "<center>![Picture2.jpg](https://cdn.steemitimages.com/DQmNSPMem2mkgsmKzSvYUZp6SaxJconNWRSpTpDZWssaFtT/Picture2.jpg)</center>\n<div class=\"text-justify\">Blockchain Technology is fundamentally changing the way of exchanging value and tokens are at the heart of it. Since 2017, we have seen the explosive emergence of a powerful token based fundraising mechanism : Initial Coin Offering (hereinafter “ICO”).</div>\n<br>\n<div class=\"text-justify\">An ICO consists in proposing the acquisition of tokens in exchange of cryptocurrencies (eg : BTC or ETH) or in compensation for the realization of specific actions in favour of the project (promotion, audit, test, etc...). Token issuance allows to raised funds from worldwide investors in order to finance the development of a product or service.</div>\n<br>\n<div class=\"text-justify\">The growing success of the ICOs reveals its attractivity as fundraising method. However, ICOs still suffer from challenging issues for both project owner and investors. </div>\n<br>\n\n## What are the problems of ICO ? \n<br>\n<div class=\"text-justify\">First of all, the project owners suffer inevitably from the pump and dump phenomenon driven by major investors following the official listing of the token on a crypto asset exchange. In the vast majority of ICOs, token price will probably never return of its initial value and reduce the attractivity of the project itself due to the important bonus given during the ICO crowdfunding. Currently there is no equal treatment between investors.</div>\n<br>\n<div class=\"text-justify\">Secondly, high volatility of the cryptocurrencies such as BTC or ETH provides uncertainty for both investors and project owner, just take a look at the damaging bankruptcy effect during the bearish market, investors are exposed to the volatility of the cryptocurrency used for the investment and face to erosion of the initial capital invested. From the project owner side, amount of the capital raised in cryptocurrencies will vary from time to time because of the volatility which is a problem for the management of company’s treasury. Volatility weakens the structure of the fundraising method.</div>\n<br>\n<div class=\"text-justify\">Thirdly, currently most of ICOs are conducted without transparency during the campaign by not publishing the smart contract address. Investors are not able to verify the total supply of tokens and their correct distribution. Moreover, they cannot check in real time the raised amount which prevents from FOMO/FUD effect and false statement. More than that, smart contract provides trust between parties by guaranteeing that the initial deal will not be modified in the future which allows also to verify there are no hidden deals.</div>\n<br>\n<div class=\"text-justify\">Unfortunately, current ICOs mechanism doesn’t encourage alignment of interests between project owner and investors and provides uncertainty for both parties. That's why we have a designed a totally new token based fundraising mechanism called “Believers Reward Offerings”.</div>\n<br>\n\n## What’s new with the BRO ? \n<br>\n<div class=\"text-justify\">The \"Believers Reward Offering\" (BRO) aims to offer a sustainable alternative to Initial Coin Offerings as new token based fundraising mechanism. The BRO allows to sharply decrease the pump and dump phenomenon, limit volatility, foster growth by providing equal treatments of all contributors called “believers”.</div> \n\n### How ? \n<br>\n<div class=\"text-justify\">The BRO allows a company to finance its development through a loan of crypto currency. Investors will contribute with a stablecoin such as USDT/DAI and they will receive a payment of an interest and benefits of a complementary bonus for the trust on the project. They will be paid with a dedicated token on a quarterly basis between 12 and 18 months (the duration of the loan will depend on the borrowed amount). All the conditions of the loan are transparent and definitive. They are coded on the smart contract. No place for bad faith in the reimbursement and payment. Payments are automated and reflects the initial deal. </div>   \n\n### How we can limit the volatility of the token used for the payment of interest and capital reimbursement? </div>   \n<br>\n<div class=\"text-justify\">Firstly, the tokens distribution will be diluted over the time through the quarterly distribution. Secondly, the starting date of each individual loan will not be the same which means that contributors will not receive in the same time the tokens. Indeed, the calculation of the start date will depend on the day when the contributor has borrowed the amount. As a new way to fundraise, we are better placed to be the first project to propose it. Our fundraising campaign will stay open during 3 months (or it could be more if the period is too short to target the fundraised amount). </div>   \n<br>\n<div class=\"text-justify\">Thirdly, we put in place a bonus reward mechanism which is a a way to encourage its long-term holding by offering an additional reward for those investors who do not sell the tokens and hold them. </div>   \n<br>\n<div class=\"text-justify\">Finally, when you combine the use of stablecoin for investment, dilution of token distribution over the time and offers a reward for holding, BRO offers a sustainable new way to raised funds without suffering from challenging issues existing with ICOs. Moreover, every contributor who participate to this fundraising campaign will know the process which means that the project will only attract true believers on your project and not dumpers.</div>   \n<br>\n<div class=\"text-justify\">Like BROthers we consider that project owner and investors are part of the same family and have to share the vision of the family’s development. </div>   \n<br>\n<div class=\"text-justify\">More information will be given about our protocol in the coming weeks. Join us on this new revolution by subscribing to our newsletter or by following us on our social media.</div>   \n\n# Follow us\n[Twitter](https://twitter.com/tozexofficial)\n[Facebook](https://www.facebook.com/tozexofficial/)\n[Linkedlin](https://www.linkedin.com/company/crypto4all/)",
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