December 2019
Intermediate to advanced
336 pages
9h 21m
English
Content preview from Building Blockchain Apps
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23. Initial Coin Offerings
By Ash SeungHwan Han
ICO stands for initial coin offering, stemming from the common term initial public offering (IPO). It has been called a contribution, donation, or token generation event (TGE) according to the project or token’s characteristic as well as legal interpretation. In this chapter, I will introduce ICOs and when and how they should be used.
A Brief History
Access to the capital market is a defining characteristic of modern capitalism. For a new business or a project to be developed, a certain amount of capital is typically necessary. Through an ICO, funds are raised, and participants receive blockchain-based tokens issued from the project. If the price of the token goes up, participants earn a profit. ...
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