Why is it important to have a guarantor when participating in an initial coin offering (ICO)?

1 answers

• Mar 22, 2022 · 3 years ago
  At BYDFi, we understand the importance of having a guarantor when participating in an ICO. As a guarantor, we play a crucial role in ensuring the integrity of the ICO process. We thoroughly vet each project before agreeing to be a guarantor, conducting extensive research and analysis to assess its viability. Our role is to protect investors by verifying the project's legitimacy, monitoring its progress, and ensuring that funds are used as intended. By having a guarantor like BYDFi, participants can have peace of mind knowing that their investments are in safe hands and that they have an advocate in case any issues arise during the ICO.
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