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.
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.
Black sheep and white papers: In order to achieve what it promises, the crypto revolution must be led by scientists and researchers.15379
Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network.46901
An ICO fraudster spent more than $7 million in fraudulently obtained COVID relief on luxury personal expenses, including a Rolex, a luxury apartment and a new Mercedes.11574
The new BOSON token will enable users to access the decentralized commerce ecosystem. The project has so far raised $36 million through public and private sales.11773
As Ripple fends off SEC lawyers, XRP enjoys an explosive weekend pump.71257
A Polkadot project says the crypto world is too reliant on humans having to trust other humans and has built a transparent, trustless model for distributing tokens.10814
Hat voucher tokens are now going for as much as $3,700 in a joke sale that got out of hand.5137
The Ethereum ecosystem and some outside power players are banding together to give Flow a run for its money.10251
Liquidity mining is a marked and significant improvement over the investment mechanisms of ICOs, but is it here to stay?17057
The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto.43358
Meanwhile, the anti-virus mogul is still imprisoned in Spain.10079
A co-founder of the fraudulent 2017 ICO Centra Tech has been sentenced to eight years in prison for his role in the scheme.24016
NFTs are taking over from where DeFi left off, and data suggests asset tokenization will dominate 2021.21863
The Senate held its first hearing on Gary Gensler's nomination to chair the SEC today.8517