Guy Friedman
Jul 10, 2017 · 1 min read

Nice article: Super basic question. In the token sales we hear in the news (let’s say Bancor) — what actually happens to buy-in? Did the people who participated wire money to the company bank account in exchange for the coin? Where exactly was the USD wired to? I understand the concept, interested in the mechanics. Also, who does the exchange rate if it’s a global sale?

    Guy Friedman

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    Co-Founder at SteadyMD, (@trysteadymd) Started @HigherNext (acquired by @ProctorU),