[PDF] To Ico Or Not To Ico Empirical Analysis Of Initial Coin Offerings And Token Sales eBook

Author : Dmitri Boreiko
Publisher :
Page : 25 pages
File Size : 33,90 MB
Release : 2018
Category :
ISBN :

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The current paper is the holistic study on ICOs and token sales and presenting key stages of the industry evolution from 2013 to date. We argue that blockchain technology has created a new viable vehicle for early stage capital raising. We trace the evolution of ICOs and token sales using a hand-constructed complete database from small contribution campaigns from a project's backers and the community in 2013, to the multibillion-dollar industry as it is at the beginning of 2018. We show that successful ICOs tend to be more self-compliant with the forthcoming potential regulation and spend more effort on signalling their quality and reducing the asymmetric information problem. We also look into various proxies for ICOs' success and show these are only weakly correlated with projects' tokens long-run performance that is instead mostly influenced by the Ether cryptocurrency performance.

Author : John Haltiwanger
Publisher : University of Chicago Press
Page : 488 pages
File Size : 39,12 MB
Release : 2017-09-21
Category : Business & Economics
ISBN : 022645407X

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Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.

Author : Dmitri Boreiko
Publisher : Edward Elgar Publishing
Page : 275 pages
File Size : 39,35 MB
Release : 2024-03-14
Category : Business & Economics
ISBN : 1803921587

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Delving into the comprehensive evolution of Initial Coin Offerings (ICOs), this innovative book traces their origins and transition into modern forms such as Security Token Offerings, Initial Exchange Offerings, Initial DEX Offerings, and Non-Fungible Tokens. It provides an in-depth analysis of the factors behind the appeal of ICOs, the complex ecosystem surrounding them, and the key developments within the blockchain and cryptocurrency space.

Author : Dominika Nestarcova
Publisher : BRILL
Page : 177 pages
File Size : 40,72 MB
Release : 2019-09-02
Category : Law
ISBN : 9004416587

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A Critical Appraisal of Initial Coin Offerings: Lifting the “Digital Token’s Veil” examines the merits of regulating initial coin offerings under traditional securities regulations and provides and in-depth analysis of digital tokens as a new asset class.

Author : Dmitri Boreiko
Publisher : Universitas Studiorum
Page : 182 pages
File Size : 40,72 MB
Release : 2019-04-30
Category : Business & Economics
ISBN : 8833690474

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The great and fastening strides of the Fintech revolution continuously transform once-static traditional financial industry and provision of credit in particular. Blockchain innovation has led to creation of new industry of raising funds without the need for financial intermediaries such as venture capital or banks. In this book we build up a holistic picture of the token sales or initial coin offerings (ICOs) from their inception in 2013 to our days. We analyze the initial phases of the industry’s development, collecting information on all campaigns or ICO attempts in this period, providing a thorough quantitative analysis of the phenomenon. We also provide a detailed account of token sales mechanics and overview all the main actors in this new ecosystem of blockchain-based financing. By leveraging the open data on token sales contributions, we study the behavior of token sales investors and find out that recurrent investors do not succeed in selecting better ICO projects but bigger investors do. In the last part of the book, we study crypto tokens as investments and overview their functionality and risks involved, as well as look at the alternative methods of creating and distributing tokens and compare them to token sales.

Author : Saman Adhami
Publisher :
Page : 36 pages
File Size : 44,12 MB
Release : 2018
Category :
ISBN :

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In this work, we provide the first comprehensive description of the Initial Coin Offering (ICO) phenomenon, which by the end of 2017 allowed startups around the world to raise more than $5.3 billion, according to market observers. We analyze the determinants of the success of these token offerings by considering a sample of 253 campaigns. We find that the probability of an ICO's success is higher if the code source is available when a token presale is organized, and when tokens allow contributors to access a specific service (or to share profits). Our results provide valuable insights into this new source of capital for businesses and the key determinants of fundraising success.

Author : Stéphane Goutte
Publisher : Springer Nature
Page : 202 pages
File Size : 24,69 MB
Release : 2020-01-03
Category : Business & Economics
ISBN : 3030307387

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This book describes how the rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies (such as Bitcoin) also known as cryptocurrencies. Virtual currencies introduced a fundamental transformation that affected the way goods, services and assets are exchanged. As a result of its distributed ledgers based on blockchain, cryptocurrencies not only offer some unique advantages to the economy, investors, and consumers, but also pose considerable risks to users and challenges for regulators when fitting the new technology into the old legal framework. The core of this proposed book is to present and discuss the evidence on financial asset capabilities of virtual currencies. The contributors of this volume analyze several interesting and timely issues such as the particularities of virtual currencies and their statistical characteristics; the diversification benefits of virtual currencies; the behavior and dependence structure between virtual currencies and the financial markets; the economic implications of virtual currencies, their effects, their price risk, and contagion spillovers in a unified and comprehensive framework; the future of virtual currencies and their distributed ledgers technology.

Author : Sabrina T. Howell
Publisher :
Page : 58 pages
File Size : 47,11 MB
Release : 2018
Category : Blockchains (Databases)
ISBN :

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Initial coin offerings (ICOs) are sales of blockchain-based digital tokens associated with specific platforms or assets. Since 2014 ICOs have emerged as a new financing instrument, with some parallels to IPOs, venture capital, and pre-sale crowdfunding. We examine the relationship between issuer characteristics and measures of success, with a focus on liquidity, using 453 ICOs that collectively raise $5.7 billion. We also employ propriety transaction data in a case study of Filecoin, one of the most successful ICOs. We find that liquidity and trading volume are higher when issuers offer voluntary disclosure, credibly commit to the project, and signal quality.

Author : Marvin Alexander
Publisher :
Page : 82 pages
File Size : 41,52 MB
Release : 2017-08-22
Category :
ISBN : 9781975660949

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Initial Coin Offerings - ICO's How to make a million dollars in passive income Introduction to ICO Token Sales This is a step-by-step illustrated guide to investing in Initial Coin Offerings - ICO's. Millionaires are being made every month with ICO's. Initial coin offerings have raised $327 million this year. A new crop of technology entrepreneurs is forgoing the usual routes to raising money. Bancor Foundation raised $153 million in three hours. ICO's have broken loose over the last 12 months, repeatedly setting new fundraising records for the amount of capital raised and in very short periods of time. Never in history, have private enterprises and new tech initiatives, without access to startup capital or even, in some cases, a prototype model, been able to access so much capital, so quickly, at such a low a cost. Qualified observers have stated that this unregulated market is unsustainable, but never the less ICO's have been able to easily by-pass the traditional model of investment protocols and create a massive new capital raising market of significant value. This has basically taken the investment world by storm, and the speed and tenacity of this new economy has left a lot of the traditional investors behind and in a state of absolute bewilderment. They never saw this coming.

Author : Vincent Hale
Publisher :
Page : 133 pages
File Size : 24,7 MB
Release : 2018-05
Category :
ISBN : 9781980218722

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Looking for the investment? Planning to organize an ICO? Want to learn how to Launch an Initial Coin Offering? Thinking of how to issue Tokens, develop Smart Contracts, register a Company, set KYC/AML, promote ICO campaign & collect finds? This Book will help you organize your ICO from A to Z.ICO (Initial coin/token offering) is a new crowdfunding mechanism for startups, allowing projects at an early stage to collect the necessary funds in a short period of time.Today, ICO is Low-Cost Growth Funding and it is the most convenient tool for attracting investments, including due to the lack of legal regulation and supervision.ICO is not just money. In addition to development funds, the young company receives a community of loyal users who can test new products and support the project in the market.But despite the apparent simplicity, a successful ICO is a complex process, which must be carefully prepared.During the book, you will learn how to prepare, launch, and promote ICO, understand the specifics of smart contracts and types of digital tokens, get acquainted with technical tools for releasing tokens, and learn how to place tokens on crypto-exchange exchanges and how to collect funds and raise capital.