What is an ITO?
Our ESO Token is an ERC-20 token based on Ethereum Blockchain. We are starting an ITO fase, not a traditional ICO.
In a common ICO (Initial Coin Offering) the companies raise funds promising people to use them to develop a project related to the creation of a future cryptocurrency. We sell tokens in change of money and at the end of ICO period they will burn the remaining tokens and once the promised project has started they will replace the tokens with new cryptocurrency (it may happen that they raise the funds and don't start the project).
In an ITO instead, the token used is an "utility token", a tool to access services or pay for goods. The platform is already developed as well as the project that is simply being expanded and continues to evolve. The ITO phase is therefore a temporary phase where it is possible to buy Tokens with special discount or bonus compared to the price they will have once entered into exchanges.