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ICO and MVP methods on Drifting Promotion Systems – Edwar ronal –

ICO and MVP methods on Drifting Promotion Systems – Edwar ronal –

An IPO (Initial Public Offering) is a term that we often hear in the sale of shares made by a company. These shares are derived from the percentage of profits earned by the company in a certain period. The system of profit sharing in companies is generally divided into two, namely profits that are shared with shareholders and retained earnings. retained earnings are profits saved for the development of company projects, for example to expand or launch the latest products. We know that the funds used for the company’s expansion process and the launch of new products require a large amount of funds. Therefore most companies will use profits from retained earnings to be traded on the exchange. With this method the company does not need to wait a long time to collect a large amount of funds. In this process, the company usually pays the expertise of a broker, which becomes an intermediary medium between the company and the exchange.

This process is the same as the trading system in the world of cryptocurrency which knows the term ICO (Initial Coin Offering). The ICO process is usually carried out to finance the process of developing a blockchain-based platform. This process is done by selling a number of tokens taken from the distribution percentage. In this case Drife certainly has a token distribution system that is different from other platforms. This division includes founders, teams, bounty and airdrop, project development advisors, awards, development, social, ICO private sale, ICO public sale. In this division system, ICO public sale ranks the most dominant of the other items. There are several things that make someone interested in making purchases on the ICO system. Among them is the high value of liquidity, if the ICO tokens are traded again on the stock exchange. This high liquidity value depends on the quality of the ICO seller’s platform. This quality is evidenced by the many customers and investors who join the platform.

To realize this platfrom parties must choose various components of technology that support the quality of these tokens. like Drife who chose the type of EOS blockchain with the ICO ETH ERC20 type. Drife tokens are named DRF with a total offer of 325 million DRF tokens. A number of tokens to be traded, of course, have met the standards. This standard is like the KYC standard (Know Your Costumer) that detects the buyer’s payment transaction history which shows whether it is indicated fraud or irresponsible matters. In addition there is also a standard White list that is usually used to provide “safe” evidence of e-mail, domain, and web addresses. This proves that the trade in DRF tokens must also meet the security standards derived from tokens and prospective buyers themselves.

In the early stages of sales, these tokens are sold at prices starting at $ 0.25 USD. Of the total tokens provided, 50% for those set aside for ICO amounts to 162,500,000 DRF. Tokens purchased from this ICO can later be traded again on the stock exchange, in order to increase profitability.

As a form of loyalty and appreciation for loyal users. This token will also be distributed free of charge to drivers who have joined for a long time and have a big contribution in the Drife history.

Please note that the sale of these tokens, both public sale ICOs and private sale ICOs, will be allocated for product development, legal, backup, marketing and office operations. In terms of product development, Drife also applies the MVP (minimum Viable Product) system. This method is a method previously developed by Snapchat. Snap Chat initially only launched a feature to share images in a short time. Then after the program is successful and gets huge profits, Snapchat allocates these benefits to add new features. Similarly, Drife is currently focusing on developing online transportation services for motorcycles. So that when this project produced a rather fantastic profitability, then Drife planned to launch other larger transportation programs, such as planes and trains.

There are many ways taken by all platforms in marketing products, for example by providing a number of luxury facilities. But this is also very risky if the product loses competitiveness in the market. Therefore the MVP method is widely used to test the market response. This is because the level of risk is small and the cost of launching is not costly.

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Published at Mon, 06 May 2019 05:08:41 +0000

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