Unfortunately, this perceived trustworthiness doesn’t positively affect token performance.
ICO News
An initial coin offering, or ICO, is a controversial fundraising method for launching blockchain and cryptocurrency networks that involves the sale and distribution of a new crypto asset in exchange for other tokens, commonly Bitcoin (BTC) and Ether (ETH).
During the “ICO mania” of 2017 to 2018, projects collectively raised billions of dollars in capital, largely through nonaccredited investors.
This funding method has since lost most of its legitimacy, both inside and outside the industry. Many ICOs were clearly frauds or, at best, operating in regulatory gray areas. Over the past few years, regulatory agencies such as the United States Securities and Exchange Commission,or SEC, have brought legal action to past and present ICOs, slowly creating legal precedent and guidelines for future ventures.
While the ICO is now a precarious fundraising method for projects and investors alike, it did showcase a powerful use case of blockchain in permissionless fundraising at incredible scale. Over time, the launch methods of cryptocurrency networks will become more sophisticated, safe and, perhaps, regulatorily sound.
- 3065
BitMEX co-founder Arthur Hayes predicts that successful Web3 projects will adopt a “points” program before conducting token generation events.
4307The Crowd Machine Compute Token was meant to pay to use holders’ computer time, but it never became operational.
28397The new rules cancel the previous limit of 300,000 baht ($8,500) for retail investors concerning investments in digital tokens backed by real estate or infrastructure.
3681The shift from utility to equity tokens in Web3 has the potential to open new paths for blockchain funding.
24383The Hong Kong Securities and Futures Professional Association also suggested that the region’s authorities could implement Islamic Banking.
1912Orica NFT’s charity efforts have succeeded, but its tokenholders have not, and up until now, its co-founder was nowhere to be found.
6903The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action.
8400Block.one owes much more to EOS investors than just $22 million after the $4-billion ICO, EOS Network Foundation CEO Yves La Rose believes.
9388MATIC price surged due to favorable regulation, increased network use, and an anticipated Polygon 2.0 upgrade that could see a rebrand to POL.
8348Venture capitalists have favored ICOs in recent years, but Bitcoin-related startups are seeing renewed interest from investors.
7364The court case between SEC and Ripple Labs has been ongoing for nearly two and a half years, but a summary judgment ruling could be made any day.
24474The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token.
3588As an MIT professor in 2018, Gary Gensler didn’t think most ICOs triggered United States securities laws.
8277The latest proposal by the SEC of Thailand follows a series of regulatory changes targeting the digital asset market in the country.
10381