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What is an ICO? @TechInvestMonaco

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What's is an Initial Token Offering? This new way to raise funds with blockchain isn't just a fundraising, but something more complex.
This presentation will explain what is an ICO, what are the use of the tokens distributed through an ICO, the history of ICOs and the coming regulation.

Published in: Economy & Finance

What is an ICO? @TechInvestMonaco

  1. 1. What is an ICO ? Quentin de Beauchesne - CEO
  2. 2. ICOs’ Origin
  3. 3. Initial Coin Offering : Origin Token / CryptocurrencyPlatform Creator TI Community I HAVE AN APP I NEED A TOKEN I DISTRIBUTE IT On an Open Blockchain To make it work To decentralize the App
  4. 4. Initial Coin Offering : Origin AirdropMining (only for crypto) ICO Distribution ?
  5. 5. ICO STEP 1 : Invest in cryptocurrencies Cryptocurrency Fund TI100 000
  6. 6. ICO STEP 2 : Get a cryptocurrency or a token Cryptocurrency Fund TI TI TI 20% Team 80% ICO Distribution 2% 1% 1% 1,6% 0,8% 0,8%
  7. 7. ICO STEP 3 : Use the token ? TI TI Blockchain Platform Exchanges ? TI
  8. 8. ICOs’ Token
  9. 9. Tokens: different uses A S App Token Required to use the app Share Token To vote and get retributions of the system SECURITIES C Cryptocurrency Required to run an Open Blockchain
  10. 10. Tokens: « A »pp token A Get 10 GB of Storage Example: Storage I NEED SOME A TOKEN TO USE X Pay with
  11. 11. Example: Tech Invest « A »pp token TI Decentralized Pitch Platform pitch slot on platform
  12. 12. Tokens: « S »hare token S3 % S8 % S2 % Example: Vote I NEED A SHARE OF S TO DO SOMETHING ON X PLATFORM Blockchain Platform
  13. 13. Example: Tech Invest « S »hare token TI Decentralized Fund 1% Month revenue: 1000 ETH 10 ETH
  14. 14. ICOs’ History
  15. 15. 2013: First Blockchain ICOs NXT Omni (former Mastercoin) Summer 2013 5000 BTC ~ 500 000$ Few BTC 1500$ October 2013 Maidsafe (Storage) 6 400 000$ April 2014 Ethereum 31 500 BTC ~18 000 000$ Summer 2014
  16. 16. 2014->2016 : « DApps tokens » Bitcrystals (Gaming) StorjX (Storage) Summer 2014 910 BTC ~ 461 802$ 974 BTC ~230 000$ August 2015 Augur (Prediction) 18 600 BTC & 1.18m ETH 5 300 000$ Summer 2015 The DAO (Fund) 11,5m ETH +150 m$ May 2016
  17. 17. The mother of ‘all’ ICOs : DigixDAO ➢ First decentralized ICO on Ethereum with a cap ➢ Limited to 5 500 000$ (gold stock limit) ➢ ICO terminated in less than 12h
  18. 18. The « FOMO » effect FOMO : Fear Of Missing Out = I should invest FAST
  19. 19. 2016-2017 : Speculation and ICO bubble on Ethereum SingularDTVFirstBlood July 2016 <1 minute 580 046 ETH ~7,8 m$ August 2016 Golem 820 000 ETH ~ 8,6 m$ Sept. 2016 Melonport 227 000 ETH ~3 m$ Feb 2017 465 312 ETH ~ 5,5 m$ <15 minutes <30 minutes <10 minutes Aragon 275 000 ETH ~25 m$ May 2017 26 minutes
  20. 20. Cryptocurrency bubble -> Ether : x30
  21. 21. No Cap in a bubble? It’s worse 90 000 000 $ [300 000 ETH] 152 000 000 $ [390 000 ETH] Status Tezos +200 000 000 $ [60 000 BTC & 328 000 ETH]
  22. 22. Bubble doesn’t last forever
  23. 23. ICOs’ Regulation
  24. 24. Regulation: Warnings SEC - US FCA - UK
  25. 25. Regulation: Attacking scams SEC - US
  26. 26. Regulation: China’s BAN - Chinese can’t do ICOs - Chinese ICO’s creator have to refund all (Chinese) investors - ICO’s tokens aren’t allowed on Chinese exchanges
  27. 27. Regulation: AMF Winter is coming! Challenges, Entretien avec Robert Ophèle (AMF) 02/10/2017
  28. 28. Conclusion
  29. 29. Ledgys case Traceability SolutionsDecentralized Data Markets ICO Seed Funding
  30. 30. Conclusion A Token Needed Regulatory Hazards Speculative Frenzy Technical Limits
  31. 31. Website: https://ledgys.io Twitter: @ledgyssolutions Quentin de Beauchesne - CEO Contact me @ quentin@ledgys.io

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