A Framework for ICO/Token Sale Self-Governance

A look at self-regulation within the token sale / ICO industry


To date, over $4 billion USD has been raised in ICOs, also known as token sales or token generation events. More than $4 billion of this has been raised this year, with over 500 projects having completed a raise and more than 100 announced or in progress. Both the projects and participants hail from across the globe, and the list of countries keeps growing.

Smith & Crown reflects on the dynamic, dramatic and significant evolution of the industry and community over the last year. Their report on self-regulation within the token sale / ICO industry is in informed by countless internal conversation and debates, a review of over five hundred different projects, and dozens of notices and actions from regulators around the world.

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