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ICO is not a way to raise funds. It’s a way to start your network: Daniel Zakrisson, CEO at Cofound.it

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ICO is not a way to raise funds. It’s a way to start your network: Daniel Zakrisson, CEO at Cofound.it
Source: Blockchain & Bitcoin Conference Stockholm

Startupers should initially treat an ICO as a tool for growing their business rather than just raise funds. It is the opinion of a speaker at Blockchain & Bitcoin Conference Stockholm: Daniel Zakrisson, CEO at Cofound.it Startup Accelerator. In the interview, he shares his perspective on the blockchain industry development in Sweden and gives tips for startupers aiming to launch ICOs.   

Interviewer: Blockchain & Bitcoin Conference Stockholm (BCS)

Respondent: Daniel Zakrisson (D.Z.).

BCS: Hello, Daniel. Your company, Cofound.it, supports blockchain startups. How do you select startups to cooperate with?

D.Z.: Startups come to us via our community, partners (accelerators, funds etc), our website and conferences. We have a common process regardless how they come, intended to find out the real potential of a team and project and their maturity level.

BCS: What kinds of startups do request Cofound.it assistance most frequently? What do you think is the reason for that?

D.Z.: We have two main types of startups that approach us:

  1. blockchain startups, that at the core is working on blockchain technology or services that potentially will work better using internal token systems;
  2. Traditional startups and companies that explore if what they do could see benefits by tokenising the whole or part of their product.

I think that the main reason for this is that we have become know for taking a genuine interest in helping startups.

BCS: What would you recommend a startuper who has a promising idea and a desire to launch its ICO to start with?

D.Z.: First really think through if an ICO is the best way to raise funding. 

Second develop their idea, release code, technical white papers and validate their model. An ICO should come when they are ready to launch their network and can use the ICO to bootstrap users and services into their network.

BCS: What are the most common mistakes of startupers during ICO preparations?

D.Z.: Thinking it’s a way to primarily raise funds, it’s not. It’s a way to start your network.

BCS: What is the most uncommon application of blockchain that you have faced in your practice?

D.Z.: We have seen many different applications. The most interesting and uncommon ones are probably the ones pushing the boundary of the decentralised economy, such as aiming to launch a project with a completely anonymous team.

BCS: What do you think about the blockchain industry development in Sweden?

D.Z.: It’s finally taking off! It basically started a year ago with the early adopters. But Sweden will catch up and longer term. I really see large potential as much of the talent needed to scale bleeding edge tech companies exists in Sweden.

BCS: Please tell us more detailed about your presentation at Blockchain & Bitcoin Conference Stockholm.



D.Z.: I’m planning to talk more about some of the real token models and practical use cases are in actual use or can be used today. Some examples include Token Curated Registries and Discount Tokens.

Register to Blockchain & Bitcoin Conference Stockholm.





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Press Release

Party for the POC Believers – A New Consensus, a New Era

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Party for the POC Believers - A New Consensus, a New Era
Source: Pixabay

One of the most influential blockchain conferences – Consensus 2019, has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more.

Consensus is the core spirit of blockchain. The Consensus conference is named after this principle. While paying tribute to the technology, it inspires people in the blockchain industry to communicate, innovate and solve problems.

Source: Socialydia

After attending the Consensus conference, the BHD Community held an invitation-only party, ‘New Consensus, New Era’, at the Hilton Hotel NY on 14th May. This party gathered people from all over the world who believe in POC consensus, hard disk mining, and BHD, and gave them a good opportunity to connect in person.

Gary, BHD Community Initiator and Hpool COO, stated,

“The POC consensus adopted by BHD will lead a new era. Compared to ASIC mining, hard disk mining costs much less. The hard disk is also the most decentralized mining hardware in the world.”

He believed that only POC could realize the initial vision of Nakamoto – ‘one person, one vote’ – and called on people to join the POC ecosystem.

Source: Socialydia

Source: Socialydia

The attending investors and practitioners had deep discussions on the POC consensus and showed high recognition and interest.

Source: Socialydia

Source: Socialydia

[Network Session at the Party]

Source: Socialydia

Source: Socialydia

[BHD at Consensus 2019]

Source: Socialydia

Source: Socialydia

[photo with the visitors]

In the era of POW, BTC was at the forefront of the scene; now the rise of POC brings a new trend. BHD is the pioneer of this revolution, with new consensus and new mining structures. BHD will become the ‘BTC’ of the POC consensus mechanism.



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