steve poling
Aug 24, 2017 · 1 min read

It seems to me that the main difference between an IPO and an ICO is that the former is a sale of equity in the business entity, whereas the latter is a sale of a promise from the entity to deliver future goods and services. This seems to make it more like a bond or debt instrument. In an earlier age, we could implement the same thing using coupons to clip/redeem. Am I barking up the right tree here?

)