The Conglomerate Capital’s ICO (CONG); a deep dive

The Defi industry is flourishing, and developers introduce various new projects almost daily. While some of them aren’t worthy of a modicum of your time, others have great potential. The Conglomerate Capital belongs to the latter category. It is the brainchild of TCC. This investment and funding platform is based on web3 and BEP20 blockchain. Moreover, a Decentralized Autonomous Organization (aka DAO) governs its ecosystem. TCC aims to introduce promising startups and help them to find investors interested in funding new promising projects.

The company will also aid SME businesses in finding needed funds. On the other hand, investors will have a chance to access Venture Capital, as well as Private Equity. They will get excellent opportunities through The Conglomerate Capital ICO – CONG.

According to the team, the TCC and CONG aim to teach investors how to use new market features and create governance. The company will employ the expertise of world tier-1 VC, along with PE industry executives. It will introduce innovative ways to invest capital and increase it tenfold.

The team launched its native token on January 16, 2023. The sale will end on February 28, 2023. The total supply of CONG is 10000000000. It’s quite high-ranking on various ICO listing platforms. The token’s price is relatively low now, but will increase after the initial coin offering ends. The company will control the token’s distribution. It stated that any one group could not hold more than 20% of the CONG tokens. As a result, no entity or individual will control the ecosystem. Instead, it will have decentralized governance. Community members will be able to vote on the decisions concerning the platform’s future development. The company accepts USDC, USDT, and BUSD in exchange for the CONG tokens.

How does the Conglomerate Capital work? 

The team studied and analyzed Crowdfunding and Launchpads industries before starting work on this project. Thus, it has a deep understanding of how similar projects work and what needs to be done to make sure Conglomerate Capital’s success.

The company noted that it needed to understand problems to find ways to solve them. Thus, it studied the obstacles from the perspectives of entrepreneurs/companies, investors, and platforms. The Conglomerate Capital ICO aims to create a solution that will help mitigate the damage brought on by current problems. It will offer customers an advanced platform with high-quality services. The team will decentralize the infrastructure of private equity and venture capitalism. It will also hold the sides (investors and startups) accountable for their part of the agreement. In addition, the company will guarantee that the involved parties’ goals are aligned.

The company noted that the TCC platform is, first, a decentralized ecosystem created for investors. The latter can congregate there and find new projects to invest in. Besides, TCC will use various advanced DeFi tools, including tokenization, liquidity pools, and yield farming. Thanks to them, it will be able to add value to the CONG token. The platform will also incentivize investors to acquire and hold their tokens. That will boost the CONG coin and make it even more successful.

The Conglomerate Capital team plans to create a fair and transparent decentralized ecosystem by implementing the Defi technology. The latter offers zero-knowledge-proof authentication, trade negotiations, decentralized data storage, and other great benefits. It’s many advantages compared to the traditional model.

What about the platform’s other features? 

The Conglomerate Capital’s one of the best features is its utility token – CONG. It has a limited supply. That means the token’s value will increase over time, especially if the company burns some of the coins. However, platforms’ governance must approve token issuances. In this case, that would be community members.

Furthermore, token holders will greatly benefit by acquiring CONG. For example, they can profit from the sale of CSCs, token dividends, income-profiting features, interest-bearing tokens, and so on. The company aims to help its customers generate income. It also offers various ways to do so.

The team developed a reference program. According to the company, every token holder will be able to introduce an application with a new CSC deal. It has to pass through TCC management team scrutiny at first, but after that, there will be consensus voting. If community members vote in its favor, a new CSC opportunity will go live on the TCC platform.