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I read it and still have no clue what is it about, what"ICO" stands for. Never explained
by romanr 9y ago
I read it and still have no clue what is it about, what"ICO" stands for. Never explained
- kemonocode 9y agoInitial Coin Offering. Like an IPO but not quite, you're not selling securities after all, and they may not pay any dividends, you're simply selling a token you can trade with others that may be exchanged for a service by the company that provided them later on. I expect them to raise a lot of uncomfortable questions in a near future.
- DennisP 9y agoCoinbase published results of some legal research on ICO legalities. They say tokens that can be exchanged for services are relatively safe. Some ICO tokens actually pay dividends, and that's a little dicier. There are various other criteria. If it's a fully automatic system already deployed on the blockchain, that's lower risk than a coin whose value depends on company performance. https://blog.coinbase.com/2016-12-07-blockchain-token-securities-law-a66ef03c383f https://blog.coinbase.com/2016-12-07-blockchain-token-securi...
- golergka 9y agoInitial coin offering. Like IPO, minus the regulations, plus the hype.
- ci5er 9y agoComing soon: More regulation!
- fragsworth 9y agoAnd a lot less hype
- deleted 9y ago[deleted]
- ScottBurson 9y agoI found this: https://techcrunch.com/2017/05/23/wtf-is-an-ico/ https://techcrunch.com/2017/05/23/wtf-is-an-ico/