ICO Race: Finlantern’s Riccardo Esposito about the June event

6 years ago - Published in Fintech Land

On June 6th and 7th, 20 ICOs selected among the ones that asked to partecipate will compete in the ICO race launched by EIDOO and co-organized by Finlantern. Riccardo Esposito, founder of Finlantern, explains the importance of this event.

What is the importance of taking part in this event for Finlantern?

FinLantern was among the very first companies in Switzerland to organize, more than 3 years ago, an event dedicated to the world of Crypto-Currencies and Blockchain. Consequently, being able to co-organize ICO RACE together with one of the main international players in the sector, such as EIDOO, represents for us a way to capitalize on our know-how in the sector and lay the foundations for what we believe to be the revolution for the next 10 years, a bit like the Internet has been in the last 20 years. In addition, our Community already gathers thousands of experts in the blockchain world around the world and we intend to focus our marketing efforts to significantly increase this type of profiles.

What will be Finlantern’s role?

FinLantern is in charge of the main organizational aspect of the event, while EIDOO is in charge of the selection of the best ICOs and content of the program. Moreover, ICO RACE is connected with the FINLANTERN COMMUNITY, which gives all the delegates the possibility to communicate to each other, to select the most interesting profiles. This is a unique and powerful tool to develop new business opportunities.

What do you think is missing in the world of cryptocurrencies today?

Confidence. This is the magic word without which it is impossible to develop large business projects. In the crypto world at the moment some regulatory certainties, in particular of a fiscal nature, are still missing. Furthermore, it is still unclear what the winning crytpocurrency will be. Therefore, attention is needed. When Governments and Central Banks (as some are already doing, see in Switzerland) will start to dictate their rules and when they begin to consolidate the number of crytpo in circulation, that will not be the end of the crypto as many think, but it will be the trigger for an acceleration.

What should a new token bring to this field? What do you think should be considered among the finalists?

Personally, given the high mortality rate of start-ups, which is even higher for those in the ICO format, and given that the basic project is strong and believable, the main discriminating factor to make me decide to bet my money on one of them will be the credibility of management in making its own a success story and, connected with this, the ability to have / attract the necessary resources to finance the development and growth of their project.