Are IBOs a viable Alternative to ICOs?

U.CASH has invented the so-called ‘Initial Bounty Offering’ (IBO) which asks for contributions in the form of contributors’ time and skills in exchange for cryptocurrency. U.CASH said that the practice was “a way to crowdsource human resources, business development, marketing and user acquisition for blockchain technology ecosystems.” By contrast ICOs have swept the globe over the past year as the latest method of gaining fast amounts of large startup capital. Miko Matsumura, limited partner of Pantera Capital, recently estimated that approximately 900 ICOs took place in the month of November; over $3.75 billion has been raised through ICOs this year alone. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin. Which is the better choice – ICO or IBO? It primarily depends on your end goal – raise capital or acquire cryptocurrency. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)