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?