ICO Token Sale Bonanza Raises Legal, Moral and Practical Questions
Millions have been raised in minutes over the past few weeks as new business models form on top of Ethereum. However, even while the network was under DoS and Vitalik called for a temporary pause, some rushed through their token sale. What are, therefore, the legal, practical and moral implications of this rising trend? It was not more than a month ago that suddenly a new ICO splashed onto the scene with slick marketing videos. No one had heard of them or the team, so I thought to ask some questions, but before I had blinked the crowdsale was over – in 15 minutes. This same situation has....
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On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Bitcoin.com’s Private Token Sale Raises $33.6 Million This week, Bitcoin.com revealed that it has completed a private sale of its VERSE token and raised $33.6 million from participating investors. For over seven years, Bitcoin.com has been an industry....
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