Have you ever wondered what it would be like to have traditional investment options available to you on the cryptocurrency market and blockchain ecosystem? Have you ever wondered what this integration might look like? Well, wonder no more. Cornucopia, a pre-ICO project, is trying to do just that.
What is Cornucopia?
Cornucopia is a company that deals with buying shares in pre-IPO companies. The opportunity to be able to buy such shares in the past, were reserved for a few accredited investors who made the most of their shares in a company, while everyone else arrived late to the party.
This is basically what Cornucopia does. It buys shares from companies and projects in their pre-IPO stages and allows its token holders to buy the same.
How Does Cornucopia Work?
Cornucopia works entirely on swarm theory, relies on public knowledge about a company and its offers and works with the help of a technology that is currently being developed by
Ignite ratings to buys share.
The members or users on their platform are encouraged to curate, review and post about new companies and projects that seem to hold promise by remuneration them with their native token “Horn”.
Based on the ratings, research and community appraisal of the company or project, Cornucopia deploys capital, buys shares in the pre-IPO stage of the company and allows its token holders to be able to buy them. It essentially takes what used to be exclusively for accredited investors and gives the option to its token holders.
Blockchain Aspect
The Cornucopia project has a partnership with Ignite. Ignite is a blockchain based decentralised, self-regulating investment intelligence and ratings platform that allows people in the community to rate, review and read about projects that are currently in its development stage or ICO stage.
This partnership between the two companies makes sure that traditional investment options that are presented to people in the stock markets and during IPOs, is open to the blockchain and cryptocurrency community too.
Using the Ignite blockchain, Cornucopia expects to be able to provide the following features to its users;
- Trading log – timestamp, pricing, verification of delivery;
- Real-time accuracy of ratings scores – every rating is timestamped and associated with an individual Cornucopia user ID
- Confirmation of investable assets
- Confirmation of current investments
- History of ratings
The Cornucopia platform also has a cryptocurrency token whose working is blockchain dependant.
Critical Information
The pre token sale and the token sale are coming up within the next month. The token sale involves the sale of their native token that is named “HORN”. The pre-ICO sale starts in five days, i.e, it starts on the 31st of July and ends on the 20th of August. The main crowdsale is yet to be scheduled.
The token hard cap is set at 15,000,000 HORNs and each HORN is worth about 0.1 USD. The ICO accepts only fiat and Ethereum buy-ins from its investors.
The Verdict
The idea behind Cornucopia is to make sure that the cryptocurrency community has access to traditional investment options too. Not only during and after the IPO but before it too. Cornucopia is essentially a privately-held index fund whose main purpose is to acquire shares of companies that are in their pre-IPO phase in order to make sure that their users and their community can benefit.
While this is a lucrative option to take up and be a part of, it is also probably the first step towards integrating the stock market and the cryptocurrency market. Which in the long run, seems imperative for the survival of both and will prove to be advantageous too. How this will happen is something that the community will need to wait and see, but the proposal and the team are well equipped to be able to carry this out.
It is safe to say that the company and team has taken up a huge project and many good things are expected of them.
Visit Cornucopia – https://cornucopia.io/
Subscribe to get notified on latest posts.
