3 ms·

ICO

• saurik 9y ago
  Not exactly, though I can appreciate why it might seem like that at first glance; we are selling a "utility token". This distinction is interesting and important as we are not selling a token to raise money to do development, instead having taken on seed investors to help us get the right team of developers and advisors to do this initial build out. The sale of tokens will be made after we have this network fully working and launched, meaning that we are really targeting a group of people you might call "customers" who will buy bandwidth tokens (as opposed to "investors", which is the target market of an ICO).
  • QAPereo 9y ago
    “This distinction is interesting and important...” ...and will be at the eventual inquest I’m sure. https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 https://blog.colony.io/the-colony-token-sale-7ac14c845bc0