Post by congregatio on Nov 21, 2017 8:08:43 GMT 4
Initial Coin Offerings: Emerging Practices, Risk Factors, and Red Flags
Forthcoming, Fintech Handbook, Florian Möslein & Sebastian Omlor eds., Verlag C.H. Beck (2018)
22 Pages Posted: 14 Nov 2017
Wulf A. Kaal
University of St. Thomas, Minnesota - School of Law
Marco Dell'Erba
New York University (NYU), School of Law, Hauser Global Law School Program, Students; University of Groningen; Labex ReFi
Date Written: November 8, 2017
Abstract
Initial Coin Offerings (ICOs) are the most efficient means of financing entrepreneurial initiatives in the history of capital formation. ICOs minimize transaction cost and democratize finance while dis-intermediating banks. Yet, ICOs have increasingly involved cases of abuse, lacking quality, and governance concerns, precipitating calls for increased regulation. This article provides an overview of the evolving ICO market as it exists in November 2017 including the ICO process, roadmap, market conditions, crypto economics for ICO startups, core risk factors for investors, and red flags of ICO practices that require industry or regulatory improvements.
papers.ssrn.com/sol3/papers.cfm?abstract_id=3067615
Forthcoming, Fintech Handbook, Florian Möslein & Sebastian Omlor eds., Verlag C.H. Beck (2018)
22 Pages Posted: 14 Nov 2017
Wulf A. Kaal
University of St. Thomas, Minnesota - School of Law
Marco Dell'Erba
New York University (NYU), School of Law, Hauser Global Law School Program, Students; University of Groningen; Labex ReFi
Date Written: November 8, 2017
Abstract
Initial Coin Offerings (ICOs) are the most efficient means of financing entrepreneurial initiatives in the history of capital formation. ICOs minimize transaction cost and democratize finance while dis-intermediating banks. Yet, ICOs have increasingly involved cases of abuse, lacking quality, and governance concerns, precipitating calls for increased regulation. This article provides an overview of the evolving ICO market as it exists in November 2017 including the ICO process, roadmap, market conditions, crypto economics for ICO startups, core risk factors for investors, and red flags of ICO practices that require industry or regulatory improvements.
papers.ssrn.com/sol3/papers.cfm?abstract_id=3067615