A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Initial coin offering

The volume of funds raised through the ICO is reaching $4 billion and exceeds approximately twice the amount of venture investments in block chain projects. In autumn of 2017, the volume of investments started to slow down, fewer and fewer projects have reached the goal of raising funds. This is due to some difficulties in the ICO. Thus, most ICOs use the Ethereum platform.

Because of its popularity Ethereum is overloaded, the rise in the cost of Ether leads to an increase in the cost of the ICO. Terms and functionality of the token are formulated in a smart contract — source code that may contain errors or deliberate «tabs». In addition, ICO is of interest to hackers due to its volumes, more than 10% of ICO funds are lost as a result of attacks. Apart from losing funds, the project reputation can be exposed to risks, like investors’ personal data. This factor also has a negative impact on the popularity of ICO.

Now ICO is a synonym of rush and very high risk. However, this form of crowdfunding offers unique opportunities: for solving any existing problem with the help of the blockchain functional, own token is really needed, and additional financing and active participation of investors improves the project.

From the point of view of protecting the interests of all the participants of the ICO, the transparency of open blockchains is not yet sufficiently used, and there are opportunities for regulators, projects as such and investors. The total amount of funds raised under ICO exceeded $3.7 billion and even outstripped the amount of venture investments.

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