"Token Sales" TAG

In late 2019, Smith + Crown published a report on issues of fairness related to token distribution mechanisms. A key takeaway identified in this research was the significant extent to which a project’s choice of token distribution mechanism reflected its priorities regarding incentivizing certain initial contributions and ongoing user behaviors. In the two years since,...

Avalanche is an open-source platform that supports interoperable blockchain, custom blockchain development, non-fungible tokens, and the creation and trading of ‘smart’ digital assets (assets that are a digital representation of real-life items which can be governed by rules). Some key characteristics of Avalanche include the fact that it has high transactional throughput, low transactional finality, and has a...

Several factors combined to influence the lackluster direction of industry fundraising throughout 2019. One was likely the result of the enthusiasm-sapping impact of Bitcoin’s wavering price action throughout 2019–a somewhat ironic impact given that BTC more than doubled over the year and was amongst 2019’s best performing assets across all markets. Another headwind emerged via...

Key Takeaways Throughout the industry’s history, projects have employed a wide variety of strategies to distribute tokens at network genesis. The most common has been a token sale, though newer projects are more frequently exploring other designs. Recently, interactive airdrops have gained prominence, allocating tokens to target user groups based on network contribution or interest....

Smith + Crown is releasing the first global look at blockchain funding. This set of data shows how much money is flowing into the industry via various capital raise structures, including: Equity Funding for blockchain startups Initial Coin Offerings (ICOs) / Open Token Sales, drawing from our extensive and quoted database of public and quasi-public...

In Q2 2018, 202 projects raised over $4.8 billion through token sales for a diverse array of projects in the cryptoasset space. This figure represents a decline from the $6.7 billion raised in Q1, likely reflecting a broader cooldown in cryptoasset markets and several developments within the blockchain industry. Despite this, more funding has been...

This analysis considers best practices in token sale disclosures, offering a view towards how projects should self-regulate.

The controversial Gnosis reverse dutch auction concluded on Monday and sent shivers through the emerging token sale market. The sale gave the token an effective valuation of over $300 million, more than three times what Augur, its closest competitor, is currently worth. The mechanics of the reverse dutch auction meant that the development team kept...