TLDR: Crowdfunding on blockchains is the new IPO

by TechCrunch (these highlights provided for you by Annotote)

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.”

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