The Economist on “initial coin offerings:” Many ICOs are designed to finance applications that will make use of the blockchain … In some cases, the “coins” can be exchanged for services on the site. In a way, this is like selling air miles in a startup airline; investors can either use the miles for flights or hope they can trade them at a profit. For the business, it is also a way of creating demand for the product they are selling. But in plenty of cases, an ICO is just a way of raising capital without all the hassle of meeting regulatory requirements, or the burden of paying interest to a bank.
Topics:
Dirk Niepelt considers the following as important: Blockchain, Distributed ledger, Initial coin offering, Notes
This could be interesting, too:
Fintechnews Switzerland writes 21Shares and Crypto.com Forge Strategic Partnership
Fintechnews Switzerland writes Taurus Partners with Aktionariat to Launch Token Secondary Market for SMEs
Dirk Niepelt writes “Governments are bigger than ever. They are also more useless”
Fintechnews Switzerland writes LUKB bietet neu sichere Ein- und Auslieferung von Kryptowährungen an
The Economist on “initial coin offerings:”
Many ICOs are designed to finance applications that will make use of the blockchain … In some cases, the “coins” can be exchanged for services on the site. In a way, this is like selling air miles in a startup airline; investors can either use the miles for flights or hope they can trade them at a profit. For the business, it is also a way of creating demand for the product they are selling.
But in plenty of cases, an ICO is just a way of raising capital without all the hassle of meeting regulatory requirements, or the burden of paying interest to a bank.