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You're reading from  Mastering Blockchain.. - Third Edition

Product typeBook
Published inAug 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781839213199
Edition3rd Edition
Languages
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Author (1)
Imran Bashir
Imran Bashir
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Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

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Initial Coin Offerings (ICOs)

ICO is a method for crowdfunding. Crowdfunding is a method of raising money where the funds are acquired usually in smaller amounts from a large number of investors to fund a new business. This is done usually via the internet. ICOs has been the method of choice for crowdfunding startups offering new cryptocurrencies and tokens.

ICOs are comparable to the IPO. Just as an IPO is launched to raise capital by a firm, similarly, ICOs are launched to generate money for a startup project. The critical difference is that IPOs are regulated and fall under the umbrella of the securities market (shares in the company), whereas ICOs are unregulated and do not fall under any strict category of already established market structures.

However, there are a few suggestions stating that ICOs should be treated as securities in light of some scam ICO schemes that were launched in the past, as well as growing concerns around investor protection. The Securities...

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Mastering Blockchain.. - Third Edition
Published in: Aug 2020Publisher: PacktISBN-13: 9781839213199

Author (1)

author image
Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir