An in-depth look at Initial Coin Offerings: What is an ICO? How do they work? In which ways will this new funding mechanism based on distributed-ledger technology displace traditional markets for public and private investment?
This 78-page document addresses many of the controversial issues that have surrounded the ICO phenomenon, including similarities to the dotcom bubble, the impact of “Bitcoin whales,” the landscape of regulation, and other topics. The analysis includes key takeaways for startups, financials incumbents, and investors.
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