Zest IEO

Description

Zest proposes the first ‘decentralized syndicate’ which aims to provide access to the pre-ipo opportunities of Silicon Valley. Zest disrupts the traditional boundaries by using a cryptocurrency as a medium of exchange into a venture capital fund. By pooling capital together, the syndicate is able to access these funds as a single participant. When a portfolio company succeeds in performance, resulting in either a higher series of fundraising or an IPO, the parent fund will often shed profit to their limited partners. When this occurs, Zest is given back fiat currency which is traded back into cryptocurrency and sent to the exchange partner (LATOKEN). Zest will then initiate a mass purchase of market priced Zest tokens (Z) followed by a burn of all the tokens collected in this way. This means the total amount of tokens available is continuously diminishing and, theoretically, could actually disappear from the market entirely.