Echo founder Cobie hinted at the launch of an ICO product, which may provide a new fundraising channel for project parties

ChainCatcher news, according to The Block, Jordan Fish (online name Cobie), the founder of the cryptocurrency investment platform Echo, revealed that the platform is developing an ICO product. Cobie stated on social media that this is the first public mention of the product, and the new ICO product will not charge any management fees, differing from the existing private placement investment model.

Echo currently mainly provides community investors with opportunities to participate in early-stage financing of projects and has assisted projects like MegaETH, Initia, and Ethena in completing their financing. Regarding the reason for developing the new product, Cobie mentioned that there is a lack of ideal token issuance solutions in the current market. Although platforms like CoinList offer similar services, they come with many restrictions. Echo aims to solve this problem through innovation, avoiding the excessive concentration of project tokens in the hands of a few institutional investors.