• Corpus ID: 168942118

Blockchain and the Economics of Crypto-tokens and Initial Coin Offerings

@inproceedings{Conley2017BlockchainAT,
  title={Blockchain and the Economics of Crypto-tokens and Initial Coin Offerings},
  author={John P. Conley},
  year={2017}
}
Blockchain startups have embraced initial coin offerings (ICOs) as a vehicle to raise early capital. The crypto-tokens offered in these sales are intended to fill a widely varied set of roles on different platforms. Some tokens are similar to currencies, others are more like securities, and others have properties that are entirely new. Each company's technological vision calls for a token with unique properties and uses. The main point of this paper is that designing a successful token must… 

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