December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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Providing capital
There remains a perception that Initial Coin Offerings (ICOs), and increasingly Security Token Offerings (STOs), are a simple, low-cost way to raise money. This may be true for the right team, but budgets have greatly grown. One project, called Financecoin, simply copy-pasted the README file from DogeCoin on BitcoinTalk and succeeded in raising over $4 million. Whether or not they did anything useful with the money is not known to the author, invoking again another problem with the space.
Those days are gone—it's now widely agreed that it costs between $200,000 and $500,000 to do an ICO or STO in this increasingly crowded and regulated space. It's not clear, though, that many of the good projects would have had a problem ...
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