Bitcoin and Etherium are just two of the most popular crypto currency that is currently being traded in the market. These crypto currencies are changing the economy, and their sudden rise is giving hopes to people who wanted to take a fair share of their potential. Every year, new crypto currencies are being introduced to take a head on head battle against the giants like Bitcoin, but they do not succeed. However, Daniel Mark Harrison thinks otherwise. Daniel Mark Harrison is the chief executive of Monkey Capital, and he recently managed to make history in the field of ICOs. ICO stands for Initial coin offering, and it is a process of creating a crowd fund that can be used by small businesses in order for them to grow.
Daniel Mark Harrison’s Monkey Capital is known for their hedge fund, but this financial institution is now taking a different course. Daniel Mark Harrison decided to create COEVAL, the Monkey Capital’s own version of option that can be exchanged for legal tender or crypto currencies. Daniel Mark Harrison has a lot of ideas in mind, but he has to set up his own ICO in order to fund these ideas. In an ICO model, those who have ideas for a particular invention or business would have to write what their goal is all about in a piece of document. They have to share it to the investors in order to inform them about the procedures that the product or invention would go through, involving the cost from the research stage to the manufacturing stage, and the length of time that it needs before it can be introduced to the public. The investors, interested individuals and enthusiasts of the project can decide if they will be donating or not. Once the target fund is reached, the one who initiated the project can create another round of ICO, or they could commence the beginning of the project.
This type of system is beneficial for smaller companies, as ICO bypasses the traditional financial capital requirement for a business to grow. So far, COEVAL, the option that Daniel Mark Harrison for Monkey Capital holds the record for the fastest selling option ever, amounting to more than $1 billion. It has been sold long before it was introduced, and right after its announcement, thousands around the world have already given their pledges.