/biz/ - Business & Finance

Okay, /biz/ I come to you seeking some thoughts on a coin I stumbled upon today. I think it could have promise, but I’m desperately awaiting input from you anons to validate (or invalidate) my opinions. In my search for a low market cap potential gainer, I have come across Neumark (NEU).

What is Neumark?
>Neufund is a community-owned fundraising platform. It acts as a bridge between the investment world and the blockchain space. Using our legal and technical infrastructure, startups and established companies alike can legally issue a new type of asset we call tokenized equity. We achieve this by formally linking traditional contracts with Ethereum smart contracts through mutual reference and code correspondence.
It is essentially a fundraising platform allowing companies to raise capital through the blockchain without having to come up with a bullshit “utility” or “underlying value” their coin brings. Instead the investor will receive what they call “tokenized equity”. Investors can use a traditional crypto (ETH) to invest or EURT (1:1 peg to euro) giving the average man the opportunity to attractive projects that normally are only available to high net-worth accredited investors. Neumark provides an interface for the companies to interact with shareholders allowing them to use their equity to vote on resolutions, ask for more of your money, give you updates, as well as enable trading of the equity tokens themselves among other things. These fundraising events are called Equity Token Offerings (ETO).