ICO News

The definition of an ICO is an unregulated method of fundraising to support a new project via cryptocurrency. An Initial Coin Offering is used by startups to avoid the strict and over-regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to enthusiasts of the project in return for governmental means of payment or other cryptocurrencies, often Bitcoin.
ICOs shares features of both IPOs and crowdfunding. Like IPOs, a stake of the startup or company is sold to raise money for the entity’s operations during an ICO operation. However, while IPOs deal with investors, ICOs deal with supporters, just like a crowdfunding campaign the only difference is that the backers of the ICO project are motivated by a future return of their investments, while the funds raised during crowdfunding are just gratuitous contributions. 
 

Follow up
Representatives from the Loom Network have clarified that, though they have pivoted to an enterprise solution, the project remains active.
Loom Network Responds to Rumors of the Project’s Demise
Jeffrey Albus
2020-05-11T00:00:00+01:00
12961
News
Gibraltar’s government is treating token sales as securities offerings by default unless the issuer can prove otherwise.
Token Sales Treated as Securities Offerings by Default in Gibraltar
Samuel Haig
2020-05-10T17:18:00+01:00
14716
News
Available information seems to indicate that Loom's future is shaky.
Looks Like the Loom Network Has Thrown in the Towel
Benjamin Pirus
2020-05-09T21:12:20+01:00
10180
News
The SEC has proposed a summary judgment that it hopes will conclude the regulator’s lengthy battle with Kik over the firm’s 2017 ICO.
Kik’s Drama With the SEC May Soon Be at an End
Samuel Haig
2020-05-09T20:25:00+01:00
11257
News
A study by MMC Ventures unveiled the return to the dynamics of traditional capital funding by blockchain companies.
Study Shows UK Blockchain Companies Are Shifting Back to Traditional Funding Strategies
Felipe Erazo
2020-05-01T23:00:00+01:00
4888
News
A judge has given preliminary approval for a $25 million settlement in the Tezos class-action lawsuit.
Judge Gives Preliminary Approval for $25M Settlement in Tezos Lawsuit
Joshua Mapperson
2020-05-01T05:04:00+01:00
5430
News
After missing its April 30 deadline to launch TON, Telegram has offered its investors an immediate 72% refund, or 110% in 12 months.
Telegram Offers ICO Investors Refund or Option to Hang On Till April 2021
Samuel Haig
2020-04-30T08:21:00+01:00
4412
News
The SEC and Kik have opposed each other’s motions for summary judgment in the ongoing battle over Kik’s $100 million ICO in 2017.
Kik and SEC Oppose Each Other’s Motions for Summary Judgment
Samuel Haig
2020-04-26T17:30:00+01:00
5491

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