TLDR: Crowdfunding on blockchains is the new IPO
by TechCrunch (these highlights provided for you by Annotote)
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“ In 2016, blockchain startups raised some $200 million in Initial Coin Offerings (ICO), a new form of crowdfunding based on cryptocurrency tokens.
“ ICOs are usually limited by time or a cap on the amount of funds raised. The value and number of tokens released can be static or calculated based on the amount of funds raised.
“ coin offerings often don’t follow regulations and purport not to create any legal obligations for the scheme promoter to deliver anything in return to the investor.
“ “The crypto market has set the bar shockingly low for entrepreneurs to raise money and this is dangerous for everyone involved.”