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Initial Coin Offerings (ICOs) are a new and unregulated form of crowdfunding that raises funds through a blockchain by …
Persistent link: https://www.econbiz.de/10012899547
incentive problems of professional blockchain participants who contribute to the development and sales of the product. We argue …
Persistent link: https://www.econbiz.de/10012587665
to rate the blockchain technology being developed by the ICO issuers. First, we find that most ICOs receive a low rating …. In fact, over 80% of the ICOs do not need to use a blockchain. Second, ICO projects with a higher rating raised more … into consideration the underlying blockchain technology of the ICO projects when making their purchasing …
Persistent link: https://www.econbiz.de/10012898009
Initial coin offerings (ICOs) have emerged as a new mechanism for entrepreneurial finance, with parallels to initial public offerings, venture capital, and pre-sale crowdfunding. In a sample of more than 1,500 ICOs that collectively raise $12.9 billion, we examine which issuer and ICO...
Persistent link: https://www.econbiz.de/10012898977
Blockchain is a revolutionary technology that allows people to record transactions on a digital, decentralised … without doubt the most notable by-product of the blockchain revolution. Initial Coin Offering (ICO) is a new way to raise … chapter intends to clarify this phenomenon by explaining the concepts of blockchain technology, cryptocurrency and ICO, in …
Persistent link: https://www.econbiz.de/10012897325
Today, developers, businesses and individuals increasingly are using blockchain and initial coin offerings to raise … potential advantages and challenges of blockchain technology and ICOs, and how they are going to affect the entrepreneurial … environment. In particular, in addition to provide a first overview on blockchain and ICOs in the context of entrepreneurial …
Persistent link: https://www.econbiz.de/10012867238
focusing mainly on promoting crypto-ventures have taken measures to enrich the blockchain ecosystem and provided tax and non …
Persistent link: https://www.econbiz.de/10014288906
Initial Coin Offerings (ICOs) are currently the hottest topic in the financial markets. They typically use blockchain …
Persistent link: https://www.econbiz.de/10012898989
We examine to what extent the market for initial coin offerings (ICOs) is driven by investor sentiment. Our results based on a comprehensive set of sentiment and coin price data suggest that the ICO market is driven by crypto-related sentiment, but is almost unrelated to general capital market...
Persistent link: https://www.econbiz.de/10012897873
Using the market for initial coin offerings (ICOs) as a laboratory, we provide evidence that entrepreneurs use retention to alleviate information asymmetry. The underlying technology and the absence of regulation make the ICO market well suited to study this question empirically. Using a...
Persistent link: https://www.econbiz.de/10013232606