Blockchain

wwwww wwwww wwwww wwwww ICO Name Supply Claims Burning Claims Vesting Claims Modification Claims Filecoin Sale Cap: ​200,000,000 “Q: What happens if less than 200mm tokens are sold? Do they get burnt? If not, who owns them?A: . . . We will split all rescale_spansing tokens as follows: We will first apply the rescale_spansder to pay for […]

This Article presents the legal literature’s first detailed analysis of the inner workings of Initial Coin Offerings (ICOs). We characterize the ICO as an example of financial innovation, placing it in kinship with venture capital contracting, asset securitization, and (obviously) the IPO. We also take the form seriously as an example of technological innovation, in which promoters are beginning to effectuate their promises to investors through...