Komodo (KMD) is acting as a technology company as it releases its decentralized Initial Coin Offering (dICO). It aims to help small business, freelancers, and the underserved populations send and receive payments.

What is a dICO and how is it Different?

A server takes time to process your purchase during an ICO. During this time your money is in escrow and anything can happen to it from hackers to human interaction. The purchase is made from one server at one time, which is ripe for issues that decentralization of banking system was trying to fix.

Decentralizing the ICO by spreading the purchase over many computers allows fairness in purchasing. Not only the strongest bots and computers power through, but the fairest system is used like transactions on the blockchain.

Monaize

Monaize, based in the UK, has its focus on freelance workers and small business owners. Working artists, writers, and craft vendors have a method of setting up business accounts. Monaize offers bookkeeping, peer-to-peer lending, and Point-of-sale (POS) services at low fees. Mastercard’s network is used to offer business credit and debit card services.

With its partnership with Komodo, Monaize is the first dICO to do financial transactions using cryptocurrency. At ICO Monaize tokens will be 15,000 tokens to 1 Bitcoin. The ICO is scheduled to last 30 days. There is no set date for the front end and graphics glitches to be worked out. The backend database is ready to go.

Komodo

There are two companies to invest in here. First, you could invest in Monaize and its ICO, but you could consider Komodo as well. Komodo stands to make 1% of the ICO launch of Monaize. Meaning Komodo stands to make more than $1 million from the ICO alone.

Komodo has also made it known that they are out to help multiple companies launch their dICOs. There are not going to stop at Monaize.

Delays and Roadmap

An early November announcement indicated that there were minor bugs and that there would be a delay in working out the features for the front end of the system. That was three months ago from this writing. Two recent tweets in January requested from the community to remain patient as the Monaize and Komodo teams prepare for the dICO, however, no starting date has been announced yet. Monaize will provide a roadmap to the community for their upcoming actions soon.

Hey everyone, We are still here! News from the @KomodoPlatform in their newsletter has informed everyone that the back end is working flawlessly! We are almost ready for our ICO! No dates yet – Stay tuned. — Monaize UK (@monaizeuk) January 11, 2018