"Token Sales" TAG

Does Farming Represent Progress in Token Distribution?
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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 Foundation of Ava Labs Raises $42 Million Dollars
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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...
2019 Review: Thoughts on the Token Sale Market and Industry Fundraising Data
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  Key Takeaways Total industry fundraising fell in 2019, both in relation to 2018 and throughout the year itself, across all funding instruments. Token-based fundraising was dominated by Initial Exchange Offerings (IEOs) that gathered momentum in early 2019 but fizzled out as the year closed. Equity-based fundraising fell too but not as drastically as token-based...
Introduction to Token Distribution Mechanisms
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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....
Global Blockchain Funding
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A Comprehensive View: ICOs, IEOs, STOs, and Equity Raises 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...
Q2 2018: Material Development in a Bear Market
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Token Sale Funding 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...
A Framework for Token Sale Self-Governance
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This analysis considers best practices in token sale disclosures, offering a view towards how projects should self-regulate. Overview 2017 has been an incredible year in the cryptoasset and blockchain industry at large. As we compile and review data from 2017, we cannot help but reflect on the dynamic, dramatic and significant evolution of the industry...
State of the Token Sale Market, Part 1: Signs for Concern?
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Introduction 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...
What is a Token Sale (ICO)?
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Overview Smith + Crown has developed a handout on ICOs. You can download it here. ICOs (Initial Coin Offerings) have become a popular way to fund cryptocurrency projects. An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for money today....