Categories
Blog

What Is An ILO, And Why Are People Using It To Raise Funds?

What Is An ILO, And Why Are People Using It To Raise Funds?

The HyFi ILO tokens program is an industry game changer, offering businesses a better way to raise capital for their projects. It combines the power of blockchain technology and traditional crowdfunding systems to support projects in targeted industries. This article gives a fundamental explanation of ILO and why businesses are choosing it as their preferred fundraising option.

What Is Initial License Offering (ILO)?

ILO is a blockchain-based proprietary solution from HyFi that allows companies to sell technological “licenses” to members of our ecosystem. It’s a direct response to funding challenges companies face that offer more flexibility and benefits than the traditional funding rounds that venture capitalists and other equity sharks offer.

A license is an investment agreement between a company and an individual that qualifies the individual as a part-time business partner. As such, license holders are eligible for a fractional share of the company’s gross profit as captured in the agreement.

However, while it qualifies the holder for profit-sharing, it does not confer equity rights to the individual, meaning the holder does not own any company shares.

What Are ILO Tokens?

An ILO token is a non-fungible token representing a technological license in the HyFi ecosystem. Being non-fungible means that each token is a unique asset a holder can sell to third parties. Also, no two ILO tokens are exactly the same.

As a representation of a technology license from issuers, each issuer has its distinct collection of ILO tokens with varying worth, depending on a string of factors, including how much the insurer wants to raise.

Consider it as any of the regular NFT collections, such as Bored Ape Yacht Club and Azuki, each from different companies and with different base prices. At the same time, HyFi is a marketplace for transacting these NFTs.

How Does ILO Work

When an insurer, such as a business or entrepreneur, wants to raise capital for their project, they approach HyFi to join the ILO marketplace. The process involves signing relevant initial license offering documents and creating unique tokens for the project, depending on how much they want to raise.

Once the contract is finalized, the insurer will start selling the tokens on HyFi. Typically, projects need great value propositions, interest rates, and incentives, as these play a major factor in determining whether members of the ecosystem will be interested in investing in them.

For instance, a project seeking to raise $10 million may create 100,000 – 10,000,000 ILO tokens, where each token is worth a fraction of the total sum. At the end of the sales, the issuer will receive the funds raised in keeping with its agreement with HyFi and use them for the stipulated project.

ILO token holders will receive dividends of the issuer’s profit at defined periods. However, holders may sell their tokens to other members of the ecosystem whenever they please. To repay investors, the issuer can buy back all the tokens in circulation at interest when it has satisfied the intent of the funding round.

Why Are People Using ILO to Raise Funds?

Various initial license offering benefits make the solution the go-to funding option for many issuers. Here are the top reasons that make the ILO program stand out:

1
Social Media Publicity
As a crowdfunding platform, thousands of ILO tokens’ buyers would typically back every project in the ecosystem and offer their support for its success. As with other NFT projects, they will launch campaigns on their social media platforms, creating hype for your ILO token because they know that a win for you is a win for them. Within a short period, more persons would have learned about the brand and its range of products/services without doing so much in terms of publicity.
2
Fair Interest Rate
The failure of most blockchain-based projects is unsustainable yields and interests. HyFi ensures that issuers fix fair interest rates of 9% - 15% for their ILO tokens sale, which is realistic enough for them to pay investors without stretching their financial resources.
3
Elimination of Equity Sharks
One of the notable initial license offering benefits is that it wades off equity sharks who quickly offer loans or grants to promising businesses in exchange for a significant percentage of their equity. With the HyFi ILO program, you gain access to funds without losing control of your company.
4
Innovative and Safe
The technology is nascent and offers an innovative way of doing traditional business activities. We've created a host of protocols that protects issuers and investors alike. Moreover, HyFi-Corp., the company behind HyFi ILO, is a publicly traded US company, giving another layer of security to members of our ecosystem.
5
Everyone Is Equal
All businesses or individuals on HyFi's ILO issuer list are afforded the same respect and opportunities as others, irrespective of how big they are or how much money they want to raise. HyFi serves as an unbiased umpire and provides a level playing ground that allows everyone to thrive fairly, without manipulating investors to jump on one project at the expense of another.

Who Is ILO for?

Although the initial license offerings offer good investments for all and sundry, it’s not the perfect fundraising model for every company. Every investor can buy ILO tokens, but we’ve limited the issuers to only entrepreneurs and businesses in certain sectors reflecting HyFi’s vision of global emission reduction. 

Supported industries include agriculture, green energy, agro-tech, medical technology, metaverse, play-to-earn, and the environmental sector. 

The ILO program is scheduled to launch in September 2022. But we are already onboarding issuers that are sampling the solution. You can take advantage of the solution by joining the waitlist now.

Facebook
Twitter
LinkedIn
What Is An ILO, And Why Are People Using It To Raise Funds?

Copyright ©2022 HyFi-Corp

Privacy Policy for HyFi Corp.

At HyFi, accessible from https://hyfi.exchange, one of our main priorities is the privacy of our visitors. This Privacy Policy document contains types of information that is collected and recorded by HyFi and how we use it.

If you have additional questions or require more information about our Privacy Policy, do not hesitate to contact us.

This Privacy Policy applies only to our online activities and is valid for visitors to our website with regards to the information that they shared and/or collected in HyFi. This policy is not applicable to any information collected offline or via channels other than this website.

Consent

By using our website, you hereby consent to our Privacy Policy and agree to its terms.

Information we collect

The personal information you are asked to provide and why you are asked to provide it will be made clear at the point we ask you to provide it.
If you contact us directly, we may receive additional information about you such as your name, email address, phone number, the contents of the message and/or attachments you may send us, and any other information you may choose to provide.
When you register for an Account, we may ask for your contact information, including items such as name, company name, address, email address, and telephone number, among others.

How we use your information

We use the information we collect in various ways, including to:

  • Provide, Operate, And Maintain Our Website
  • Improve, Personalize, And Expand Our Website
  • Understand And Analyze How You Use Our Website
  • Develop New Products, Services, Features, And Functionality
  • Communicate With You, Either Directly Or Through One Of Our Partners, Including For Customer Service, To Provide You With Updates And Other Information Relating To The Website And For Marketing And Promotional Purposes
  • Send You Emails
  • Find And Prevent Fraud

Log Files

HyFi follows a standard procedure of using log files. These files log visitors when they visit websites. All hosting companies do this and are a part of hosting services’ analytics.

The information collected by log files includes internet protocol (IP) addresses, browser type, Internet Service Provider (ISP), date and time stamp, referring/exit pages, and possibly the number of clicks.

These are not linked to any information that is personally identifiable. The purpose of the information is for analyzing trends, administering the site, tracking users’ movement on the website, and gathering demographic information.

Cookies and Web Beacons

Like most website, HyFi uses ‘cookies’. These cookies are used to store information, including visitors’ preferences and the pages on the website that the visitor accessed or visited. The information is used to optimize the users’ experience by customizing our web page content based on visitors’ browser type and/or other information.

Advertising Partners Privacy Policies

You may consult this list to find the Privacy Policy for each of the advertising partners of HyFi. Third-party ad servers or ad networks uses technologies like cookies, JavaScript, or Web Beacons that are used in their respective advertisements and links that appear on HyFi, which are sent directly to users’ browser.

They automatically receive your IP address when this occurs. These technologies are used to measure the effectiveness of their advertising campaigns and/or to personalize the advertising content that you see on websites that you visit.

Note that HyFi has no access to or control over these cookies that are used by third-party advertisers.

Third Party Privacy Policies

HyFi’s Privacy Policy does not apply to other advertisers or websites. Thus, we are advising you to consult the respective Privacy Policies of these third-party ad servers for more detailed information. It may include their practices and instructions about how to opt-out of certain options.

You can choose to disable cookies through your individual browser options. To know more detailed information about cookie management with specific web browsers, it can be found at the browsers’ respective websites.

CCPA Privacy Rights (Do Not Sell My Personal Information)

Under the CCPA, among other rights, California consumers have the right to:
Request that a business that collects a consumer’s personal data disclose the categories and specific pieces of personal data that a business has collected about consumers.
Request that a business delete any personal data about the consumer that a business has collected.
Request that a business that sells a consumer’s personal data not sell the consumer’s personal data.
If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us.

GDPR Data Protection Rights

We would like to make sure you are fully aware of all of your data protection rights. Every user is entitled to the following:

  • The Right To Access – You Have The Right To Request Copies Of Your Personal Data. We May Charge You A Small Fee For This Service.
  • The Right To Rectification – You Have The Right To Request That We Correct Any Information You Believe Is Inaccurate. You Also Have The Right To Request That We Complete The Information You Believe Is Incomplete.
  • The Right To Erasure – You Have The Right To Request That We Erase Your Personal Data Under Certain Conditions.
  • The Right To Restrict Processing – You Have The Right To Request That We Restrict The Processing Of Your Personal Data Under Certain Conditions.
  • The Right To Object To Processing – You Have The Right To Object To Our Processing Of Your Personal Data Under Certain Conditions.
  • The Right To Data Portability – You Have The Right To Request That We Transfer The Data That We Have Collected To Another Organization Or Directly To You, Under Certain Conditions.

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us.

Children's Information

Another part of our priority is adding protection for children while using the internet. We encourage parents and guardians to observe, participate in, and/or monitor and guide their online activity.

HyFi does not knowingly collect any Personal Identifiable Information from children under the age of 13. If you think that your child provided this kind of information on our website, we strongly encourage you to contact us immediately, and we will do our best efforts to promptly remove such information from our records.

Disclaimer for HyFi Corp

If you require any more information or have any questions about our site’s disclaimer, please feel free to contact us by email at contact@hyfi-corp.com.

Disclaimers for HyFi

All the information on this website – https://hyfi.exchange – is published in good faith and for general information purposes only. HyFi does not make any warranties about the completeness, reliability, and accuracy of this information.

Any action you take upon the information you find on this website (HyFi) is strictly at your own risk. HyFi will not be liable for any losses and/or damages in connection with the use of our website.

From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites.

These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link that may have gone ‘bad.’

Please be also aware that when you leave our website, other sites may have different privacy policies and terms that are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their “Terms of Service” before engaging in any business or uploading any information.

Disclaimers for HyFi

By using our website, you hereby consent to our disclaimer and agree to its terms.

Update

Should we update, amend or make any changes to this document, those changes will be prominently posted here.