Imiceli mngeni yoLawulo lwe-ICO ngo-2026: Abaseki banokuQaphela njani ukuthengiswa kweToken ethobelayo kwihlabathi jikelele

Ukuqalisa i-ICO ngo-2026 akuyonto ingaqhelekanga njengoko yayinjalo ngaphambili. Ngoku yindawo ekhula ngokukhawuleza, eyazi imithetho apho abasunguli abaceba kakuhle baqokelela imali ngokukhawuleza, batsale abatyali-mali abangcono, kwaye bakhule kwiimarike zehlabathi ngokuzithemba. Kwaye amanani ayakungqina oko. Kwihlabathi liphela, imakethi yeenkonzo ze-ICO kulindeleke ukuba ifikelele kwi-USD 11.53 yeebhiliyoni ngo-2032, ikhule kwi-CAGR ezinzileyo ye-12.5 yeepesenti.

Olu nyuko aluqhutywa yingxolo. Luqhutywa ngabasunguli abaphatha ukuthotyelwa kwemithetho, amaxwebhu, kunye neziseko njengeenzuzo zesicwangciso kunokuba kube ziingcinga zamva nje. Ukuba ulungiselela ukuqalisa ngo-2026, ungena kwindawo apho ubungcali budlula isantya, ukucaca kudlula amagama adumileyo, kunye nophuhliso lwe-ICO olucwangcisiweyo kakuhle yindlela entsha yokuvula imali enzulu.

Esi sikhokelo sikubonisa imingeni ebaluleke kakhulu kwezomthetho kunye nendlela yokuyilawula ngokucacileyo, ngokuzithemba, nangokuchaneka okulindelwe ngabatyali-mali.

Imeko yoPhuhliso lwe-ICO ka-2026: Yintoni etshintshileyo kunye nesizathu sokuba ibalulekile

Inkqubo ye-ICO ka-2026 ihluke kakhulu kuvavanyo olungaqhelekanga luka-2017. Imarike ikhule yaba yindawo ecwangcisiweyo, enolwazi ngemithetho exhaswa ngabatyali-mali abazimiseleyo kunye nolawulo lweziko. Ngo-2025, imakethi yophuhliso lwesoftware ye-ICO ifikelele kwi-$38.1 yeebhiliyoni, ikhula ngaphezulu kwe- 21% ye-YoY, nto leyo ephawula umjikelo wayo wokwanda onamandla ukusukela ngo-2021.

Olu kukhula lubonisa into enye ngokucacileyo: abatyali-mali bakulungele ukuxhasa iiprojekthi ezihambelanayo nezicwangcisiweyo kakuhle, kwaye balindele ukuba abasunguli bahlangabezane naloo mgangatho ukususela ngomhla wokuqala.

Imithetho Ibe Yinkqubo Entsha Yokusebenza

Ukuqinisa imithetho kube ngumxholo wehlabathi. Ukunyanzeliswa komthetho kungqongqo, ukutyhilwa kweenkcukacha kuneenkcukacha ezithe vetshe, kwaye iinkqubo zokukhusela abatyali-mali zinzulu ngakumbi. Abasunguli abasakwazi ukuphatha uphuhliso lwe-ICO njengokuqaliswa okulula kwethokheni. Ngoku kufana nokwakha imveliso ye-asethi yedijithali elawulwayo ekufuneka imelane nokuhlolwa kwezi zinto zilandelayo:

• Abalawuli belizwe
• Ukutshintshiselana kwehlabathi
• Abatyali mali beziko
• Abahloli bokuthobela imithetho

Olu tshintsho lubonakala kakhulu kwimimandla esebenzisa izikhokelo zesitayile seMiCA. I-EU ifuna ukuba bonke abaNiki beeNkonzo zeCrypto Asset babe nelayisenisi epheleleyo ngoJulayi 2026, kwaye amazwe aliqela angamalungu sele ekhawulezise ixesha lawo lokutshintsha. Phakathi kowama-2025, phantse ama-85% ee-CASP aye afaka izicelo okanye afumana iilayisensi zeMiCA, nto leyo ebonisa ukuba iziseko ezilungele ukuthobela imithetho zikhawuleza kangakanani ukuba zibe ngumgangatho weshishini.

Kubasunguli, oku kuthetha ukuba zonke izigqibo, uyilo lweethokheni, icebo lezemali, ingqiqo yokuqinisekisa, kunye nokuchazwa kwephepha elimhlophe kuya kuvavanywa ngelensi yokulawula. Yiyo kanye le nto amaqela azimiseleyo eqala ukusebenza nenkampani yophuhliso lwe-ICO enamava kwangethuba, kudala ngaphambi kokuba ithokheni ifikelele kubatyali-mali.

Iingxaki eziphambili zoLawulo loPhuhliso lwe-ICO ngo-2026

Imeko yolawulo lwehlabathi iguquke ngokukhawuleza, nto leyo eyenza ukuba kube yimfuneko kubasunguli ukuba baqalise ukuthengisa amathokheni ngengqondo yokuthobela imithetho kuqala. Kubasunguli abaceba ukuqokelela imali kwihlabathi liphela, le yimingeni ephambili ebumba uphuhliso lwe-ICO ngo-2026.

1. Ukudideka koHlelo lweeToken

Ukufumanisa ukuba ithokheni iyafaneleka na njenge-security, utility, governance asset, okanye i-payment token kuseyenye yezona zinto zithintela kakhulu abasunguli.

• I-US iyaqhubeka nokuthembela kwiingcaciso zovavanyo lweHowey
• I-EU isebenzisa iindidi zethokheni ezichazwe yi-MiCA
• Abalawuli baseAsia basebenzisa izakhelo zabo zokwahlulahlula

Ithokheni engachazwanga kakuhle inokukhokelela ekungavunyelwani kotshintshiselwano, izohlwayo zokuthobela imithetho, okanye uhlengahlengiso olunyanzelisiweyo. Yingakho ukwahlulahlula ngoku kuyinto ebalulekileyo ekuqaleni kwesicwangciso sokuqalisa ithokheni.

2. Ukunyanzeliswa kweMiCA kwi-EU

I-MiCA iza kusebenza ngokupheleleyo kuwo onke amazwe angamalungu e-EU ngoJulayi 2026, nto leyo edala enye yezona nkqubo zomthetho zicacileyo ehlabathini. Abaseki ngoku kufuneka badibane:

• Imithetho yelayisensi yeCASP
• Iimfuneko zokwanela kwemali
• Ukutyhilwa kwephepha elimhlophe eliqhelekileyo
• Ukungafihlisi okungqongqo kokusebenza

Iiprojekthi ezijolise kubatyali-mali baseYurophu kufuneka ziqale ukulungiselela iinyanga kwangaphambili. Ukulungelelaniswa kwangethuba neMiCA kuphucula kakhulu ukuthembana kwabatyali-mali kunye nokwamkelwa kwemithetho, yiyo loo nto amaqela amaninzi efuna ulwalathiso kwinkampani yophuhliso lwe-ICO enamava xa iceba ukungena kwimarike ye-EU.

3. Imithetho Yehlabathi Engqubanayo

Ukuqalisa i-ICO kwiindawo ezahlukeneyo kuthetha ukuhamba kwiindlela ezininzi ezingaqhelekanga.

• I-US isebenzisa ukunyanzeliswa okugxile kwiziqinisekiso.
• I-EU ilandela izikhokelo ezicwangcisiweyo ze-MiCA.
• I-MAS yaseSingapore ibeka phambili ukhuseleko lwabatyali-mali.
• IHong Kong isebenzisa iindlela zokufumana iilayisenisi.
• I-VARA yaseDubai inikezela ngesanti elawulwayo enokuhlolwa okungqongqo.

Akukho cebo linye lehlabathi lokuthobela imithetho. Abaseki kufuneka bakhe isicwangciso esithile solawulo ngaphambi kokuba baqokelele imali ngaphaya kwemida ukuze baphephe imiqobo kunye nokulindela okungafanelekanga.

4. Iimfuno ezikhulayo ze-KYC kunye ne-AML

Uphuhliso lwesoftware ye-ICO yanamhlanje kufuneka lusebenzise amanyathelo okuthobela imithetho aphucuke kakhulu kunangaphambili. Oku kuquka:

• Ukuqinisekiswa kwesazisi
• Ukuhlolwa koluhlu lwezohlwayo
• Uphando oluphuculweyo lwabatyali-mali abasengozini enkulu
• Ukujongwa kwentengiselwano
• Ingxelo ezenzekelayo

I-KYC kunye ne-AML eziqinileyo azizozinto ezilindelweyo zomthetho kuphela, zikwaphucula ukuzithemba kwabatyali-mali beziko kwaye zikhusela iprojekthi ekubeni ichaphazeleke ngokwasemthethweni.

5. Uxinzelelo Lokubhaliswa KweeSecurities

Xa ithokheni ifana nemveliso yotyalo-mali, abalawuli banokufuna:

• Iprospekthasi esemthethweni
• Iifayile zobhaliso
• Ukutyhilwa kweSebe lezeMali
• Ingqiqo yokusasazwa kweethokheni
• Iingxelo zomngcipheko ezineenkcukacha

Uninzi lweeprojekthi ezikwinqanaba lokuqala aziyithatheli ngqalelo indlela enzima ngayo le nkqubo. Ukulungiselela kwangethuba kuthintela ukulibaziseka ngexesha lokungena kwimarike kwaye kukhawulezisa ukuvunywa kwabatyali-mali.

6. Imigangatho yoLuhlu lokuTshintshiselana oluqinileyo

Iinkampani zokutshintshiselana ziqinise kakhulu iimfuno zoluhlu. Abasunguli kufuneka ngoku baveze oku kulandelayo:

• Amaxwebhu asemthethweni acocekileyo
• Ukuqinisekiswa kwesazisi seqela ngokupheleleyo
• Iimpawu ezibonakalayo
• Iikhontrakthi eziphicothiweyo ezihlakaniphile
• Iishedyuli zokufaneleka
• Ukucaca kolawulo

Iiprojekthi ezingathobeli imithetho azifane ziphumelele ekuhlolweni koluhlu, ingakumbi njengoko ii-exchanges ngoku zivavanya ubunzulu bemigangatho yophuhliso lwe-ICO yeqela. Zibeka phambili ukukhula kunye nokuthembeka kokusebenza ngaphezu kokunconywa.

7. Imiqathango yoKhuseleko lweDatha

Iiprojekthi ze-ICO eziqokelela ulwazi lwabatyali-mali kufuneka zithobele i-GDPR, i-DPDP, i-PIPL, kunye nezinye iinkqubo zabucala ezilawula:

• Ukuqokelela idatha
• Iimfuno zokugcina
• Ukudluliselwa kwemida
• Amalungelo okuvuma nokucima

Ukufuduka kwedatha ngaphesheya kwemida ngoku kufuna ukhuseleko olusemthethweni olufana neMigqaliselo yeSivumelwano esiMiselweyo okanye imvume ecacileyo. Yingakho ukuthotyelwa kwedatha ngoku kuyinxalenye ephambili yeengxoxo malunga neenkonzo zophuhliso lwe-ICO , ingakumbi kwiindlela zokuqokelela imali kwihlabathi liphela.

8. Iindleko eziphezulu zeNkunzi kunye nokuThotyelwa kweMithetho

Amathemba amatsha olawulo anyuse umda wezezimali wee-ICO. Iindleko ngoku ziquka:

• Iingcebiso zomthetho
• Iifayile zelayisenisi
• KYC/AML izixhobo
• Uphicotho lwekhontrakthi ehlakaniphile
• Imigangatho yokhuseleko lwe-Cybersecurity
• Ukubhala amaxwebhu kunye neendlela zokunika ingxelo

Amaqela amakhulu ayazuza kukuthembeka okongeziweyo, ngelixa amaqela amancinci kufuneka acwangcise ngononophelo ukuhlala ethobela imithetho ngaphandle kokusebenzisa izixhobo ngokungeyomfuneko.

9. Ukwahlulwahlulwa kweendawo ezingwevu

Abalawuli bahlola ulawulo lokwenyani lweprojekthi, kungekuphela nje amabango okuthengisa. Iprojekthi isenokwahlulwa phantsi komgaqo-nkqubo ukuba iqela eliphambili lilawula:

• Uphuculo lweenkqubo
• Izigqibo zeSebe lezeMali
• Izitshixo zolawulo
• Iiparamitha eziphambili

Abalawuli bafuna ukuba ukwahlulwahlulwa kwamagunya kubonakaliswe kwisakhiwo nakwindlela yokuziphatha, kungekhona ngokubonakalisa uphawu.

10. Umngcipheko Okhulayo Wokunyanzelisa

Oorhulumente kunye nabalawuli kwihlabathi liphela baqinise ukunyanzeliswa komthetho. Iingozi zesohlwayo ziquka:

• Izohlwayo ezinzima
• Ukususwa koluhlu lwetshintshiselwano
• Ukuvalwa kwemarike
• Iingxabano zomthetho
• Ukuthintela iqonga okanye i-URL

Ukwanda kwezenzo zokunyanzeliswa komthetho ukususela ngo-2025 ukuya ku-2026 kubonisa ukuba abalawuli abasakunyamezeli ukungathotyelwa komthetho. Abasunguli abazimiseleyo ngoku baxhomekeke kakhulu kuphuhliso lwesoftware ye-ICO olucwangcisiweyo ukunyanzelisa ukucaca nokukhusela ukuguquguquka kwexesha elide.

Indlela Iqabane Eliyingcaphephe Elikwenza Lula Ngayo Ukuthobela Imithetho Kwabasunguli

Ukuthobela imithetho akupheleli nje ekukhumbuleni imithetho kodwa kukwamalunga nokuyila ukuthengiswa kweethokheni zakho ukuze kuhambelane nemigangatho yehlabathi. Iqabane elifanelekileyo linceda abasunguli ukuba bahambe ngokukhawuleza kwaye baphephe iimpazamo ezibizayo ngokusingatha ezona ndawo zinzima zenkqubo:

• Ukwakha iitokenomics ezihlangabezana nolindelo lwabatyali-mali kunye nengqiqo yolawulo kuyo yonke imimandla.
• Ukuphuhlisa izivumelwano ezikrelekrele nezikhuselekileyo nezilungele uphicotho-zincwadi ezihambelana neendlela zophuhliso ze-ICO ezithobela imithetho.
• Ukudibanisa imisebenzi ye-KYC kunye ne-AML, kubandakanya ukujonga ubuwena, ukuhlolwa kwezohlwayo, kunye nokubeka esweni ngokuzenzekelayo.
• Ukwakha iideshibhodi zabatyali-mali ezineengxelo ezicacileyo, ukulandelwa kwemali, kunye nolawulo lwegunya.
• Ukulungiselela onke amaxwebhu afunekayo, izibhengezo, kunye neengxelo zomngcipheko kubalawuli.
• Ukuchonga iindawo ekujoliswe kuzo kunye nokuchonga imithetho esebenza kwiqela ngalinye labatyali-mali.
• Ukuxhasa ulwandiso oluwela imida ngokusebenzisa iingcebiso ezithile kummandla, amalungiselelo ophicotho-zincwadi, kunye nokuqinisekiswa kobugcisa.

Yingakho abasunguli abaceba ukuqaliswa kweethokheni ezinzulu, ezikwimimandla emininzi bekhangela inkampani enamava eqonda zombini itekhnoloji kunye nobunzima bolawulo. Inika amaqela uzinzo, ulwakhiwo, kunye nesantya sokusebenza esifunekayo ukuhlangabezana nemigangatho yeziko, kwaye idla ngokuba yinto ethatha isigqibo xa ukhetha iqabane elifanelekileyo leenkonzo zophuhliso lwe-ICO ngaphambi kokungena kwiimarike ezixabisa kakhulu.

Iingcamango Zokuvala

Umthetho we-ICO ngo-2026 awusabonakali. Uguqukele ekubeni yisakhelo esicwangcisiweyo nesivuthiweyo esakhelwe ukukhusela abasunguli, abatyali-mali, kunye nokuthembeka kwexesha elide kwemarike. Amaqela abeka phambili ukuthobela imithetho kwasekuqaleni afumana ukuthembana okuqinileyo, atsala imali enexabiso eliphezulu, kwaye ayanda kwiindawo zehlabathi ngemiqobo embalwa kakhulu. 

Ngecebo elifanelekileyo, inkxaso yobuchwephesha be-ICO Development, kunye neqabane eliqondayo zombini imithetho kunye netekhnoloji, ukuqalisa ukuthengiswa kweethokheni zehlabathi kuba yinto enokwenzeka, eqikelelwayo, kwaye enokwandiswa ngokupheleleyo. Kulapho kanye i-Antier inceda khona abasunguli ukuba bahlale phambili.