The biggest IPO ever done – the IPO of the internet currency

eToro

One of the biggest milestones of the Internet was the shift of the economy to use the new currency system .

They started by offering 1$ for 1 share of the new economy and explained the pace would increase in time, so it will cost 2$ to buy share and then 4 and 8 and 16 etc etc’ each time decreasing the number of people who can buy.

People kept buying more and more of the new currency its price only getting higher as more people were buying it just because prices are going higher. there was no sell side other than people simply accepting the new currency. so everybody had to buy what became standard.

Within a couple of month the new economy already raised a 500B dollars

About Yoni Assia

Founder and CEO of Etoro.com