Initial Coin Offerings
Publish Date: 21-05-2020
Synopsis: This paper examines the market for initial coin offerings (ICOs). ICOs are smart contracts based on blockchain technology that are designed for entrepreneurs to raise external finance by issuing tokens without an intermediary. Unlike existing mechanisms for early- stage finance, tokens potentially provide investors with rapid opportunities thanks to liquid trading platforms. The marketability of tokens offers novel insights into entrepreneurial finance, which I explore in this paper.
Public Link: https://www.researchgate.net/publication/341555998_Initial_Coin_Offerings/l
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