This project is continuing to build momentum three years after their token sale.
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.
A big day for crypto legislation in the United States.4642
Cameron Winklevoss and Tone Vays disagree on the quality of the DeFi space within the context of previous blockchain booms and busts.4541
DeFi is almost certainly the future, but that future may not be today.6511
Another remnant of 2017 gets hit by regulation.4646
Widespread crypto adoption by enterprises has the potential to become a self-perpetuating mechanism for public blockchains, creating bigger, stronger networks.3933
With regulators unlikely to change old-fashioned rules in favor of the emerging market, DeFi might be burdened under fraud and new portions of restrictions.5733
Like the ICO boom of 2017, DeFi plays to our desire to get rich fast without any responsibilities.8360
The man is known for his predictions, but is he right about this one?4650
The only way you can protect yourself and analyze crypto tokens properly is by exercising caution to the best of your ability.17461
After three long years, the class-action lawsuit alleging that Tezos violated securities laws through its 2017 ICO has concluded.6426
Sworn in for her second term today, SEC Commissioner Hester Peirce tells Cointelegraph about the commission’s work on crypto and new tech in investing.8831
New muscle from law enforcement investigating crypto suggests that government innovation may be slow but the government gets what it wants.4646
The long arm of the law comes for another ICO.4651
ETC quickly sidelines an interesting offer from Charles Hoskinson.14034