Finnoq COO& Co-Founder Georg Felber joins Business Maniacs Panel Discussion

Georg (2nd from the left) was on stage with Founder Chris Miess of ICONIC Capital and CEO Paul Polterauer of Herosphere for a panel discussion on tokens, ICOs, and investment at Business Maniacs in Vienna on  3 October 2018. The discussion’s focus was on internal business models of blockchain companies and the evolution of the ICO in 2018. Primarily, Georg mentioned that ICO crowd investors, from only a year ago, no longer exist. According to him, the market will move toward a more professional outlook, including smart money and mixed deals (hybrid rounds) quickly entering the cryptocurrency market. What does this mean for blockchain companies? For Georg, it means the days of only having a whitepaper and successfully raising a full ICO are over. Companies need to develop long-term strategies, products, and parameters to measure business success. Finally with all of this in mind, Georg emphasized that the viable use of utility tokens becomes diminished if the token is not used to fuel a protocol, such as the case of Finnoq. In such a situation, equity tokens are much more attractive for investors, and become a long-term provider of value for those participants looking to enter the cryptocurrency market.