A blockchain-based project plans to build renewable power projects with funds raised from the ICO.
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.
The firm uses the Ethereum blockchain to allow traders to invest as little as $150 in expensive real estate properties.11455
The SEC has taken action against three companies owned by Chinese billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings.8975
A cryptocurrency exchange focused on frictionless transactions is positioning itself as the bridge between fiat and digital currencies across the globe.4071
New research asserts that EOS and ETH were wash-traded on exchanges to manipulate prices during EOS’ multi-billion-dollar ICO.13375
The industry body has accused the government of leaning into narratives about malicious actors and scams rather than engaging with the blockchain space to establish fit-for-purpose regulation.3493
Eleven class actions against crypto firms and their founders started with a bang and will end with a whimper — as they should.3909
The SEC asserts that Coinschedule violated anti-touting provisions of U.S. securities laws.1346
The Game is facing a $12 million judgment for his role in an allegedly unregistered initial coin offering.6025
U.S. securities regulators are still going after ICO cheats from the 2017-18 bull market. Initial coin offerings raised tens of billions of dollars during the last major cryptocurrency bull market.8130
Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James.7435
An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger.8292
Initial DEX offerings have a fair bit in common with initial coin offerings but come out on top in cost, effort, and fairness.12262
CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it's even listed on major exchanges.84584
Black sheep and white papers: In order to achieve what it promises, the crypto revolution must be led by scientists and researchers.15939