Christoph Jentzsch

A lot of startups do a so-called ICO, initial coin offerings, or issue their own token to finance themselves.

We are currently VC funded.

How much?

We got a seed funding of $2 million just beginning of this year as a seed.

Because first, I think a lot of those ICOs are actually not legal.

So from a legal point of view, you're actually like issuing securities, some of them, not all of them.

So it depends a lot on what you're doing.

The second thing is we see money for blockchain startups there.

And I don't say we will never do something like this, but I think a lot of the ICOs we see right now is people who do not understand what they are doing, getting convinced by marketing people to put money into something they don't understand.

And then those startups raise much more money than they actually need.

And often it is that you cannot do another token sale.

You do a token sale once for a company.

So you could compare it a little bit like doing a seed round and selling 100% of your share.

Something you usually should not do.

But of course, every ICO is different.

There is an ICO of Knossos, they only sold 4.7 something percent of their shares.

There are others who sell 50 or 80 percent of their tokens.

So you cannot really say every ICO is the same.

Currently, we don't.

In the long term, we want to make a transaction fee on all the rental which are happening on our platform.