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Blockchain Initial Coin Offerings - The Future for Online Investing or Regulatory Crisis?

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My special "Blockchain ICO" presentation at the Canadian Crowdfinance Summit in Toronto on March 1, 2017. National Crowdfunding Association of Canada. http://crowdfundingsummit.ca/

Published in: Economy & Finance

Blockchain Initial Coin Offerings - The Future for Online Investing or Regulatory Crisis?

  1. 1. Blockchain Initial Coin Offerings The Future for Online Investing or Regulatory Crisis? National Crowdfinance Summit – Toronto – March 1, 2017 #CCS2017 Alan Wunsche, MBA, CPA, CA, CBP @alanwunsche @LeadingK @TokenFunder @BlockchainCAN
  2. 2. Audience Poll : Do you “own” any of these ? @alanwunsche
  3. 3. Blockchain has unleashed global financial disruption @alanwunsche
  4. 4. Cryptofinance @alanwunsche
  5. 5. Initial Coin Offerings (ICOs) The dawn of cryptofinance… with cryptocurrency@alanwunsche
  6. 6. “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. ICOs provide a way for cryptocurrency project creators to raise money for their operations. Most ICOs raise money in Bitcoin or other cryptocurrencies.” What are Initial Coin Offerings (ICOs) ? SmithandCrown.com @alanwunsche
  7. 7. Token: 1ST Raised: $ 5.4M Date: Oct.2016 US FirstBlood is an eSports project that allows users to compete in online games Platform: Ethereum 0xAf30D2a7E90d7DC361c8C4585e9BB7D2F6f15bc7 @alanwunsche
  8. 8. Token: SNGLS Raised: $7.5M Date: Oct.2016 CHE Platform: Ethereum 0xaeC2E87E0A235266D9C5ADc9DEb4b2E29b54D009 @alanwunsche
  9. 9. $US 8.6 million in 29 minutes 0xa74476443119A942dE498590Fe1f2454d7D4aC0d ___________ raised CHE @alanwunsche
  10. 10. >$US 200 million Raised The DAO (2016) • ~$250 Million • Not included in chart @alanwunsche
  11. 11. How do ICOs Work? @alanwunsche
  12. 12. Smart Tokens are Blockchain Software Code @alanwunsche
  13. 13. Smart Tokens: A Disintermediating Force Investor sends cryptocurrency to a smart token Company accesses cryptocurrency held in token Smart Token records investor as token holder 1 2 3 0xda0aed568d9a2dbdcbafc1576fedc633d28eee9a 0xa74476443119A942dE498590Fe1f2454d7D4aC0d @alanwunsche
  14. 14. Investment without Permission PAY HERE @alanwunsche
  15. 15. ICO Myth: Blockchain Means Anonymity @alanwunsche
  16. 16. Why are ICOs taking off? @alanwunsche
  17. 17. Crossing into the Cryptocurrency Space Immutable, auditable Low cost liquidity Global platforms 2017 © TokenFunder @alanwunsche
  18. 18. Tokens will Power Applications STAMP Smart Token Asset Management Platform 2017 © TokenFunder @alanwunsche
  19. 19. What could go wrong? @alanwunsche
  20. 20. ICOs are being launched in Unregulated jurisdictions @alanwunsche
  21. 21. Regulatory Arbitrage No KYC No Investor Protection Full KYC Investor Protection Many Unregulated ICOs A few (legal?) ICOs @alanwunsche
  22. 22. 1930 Truth in Securities Law (1933) 1980 Deregulation “The Greenspan Era” (1987-2006) “Dodd Frank” Wall Street Reform and Consumer Protection Act (2010) IPO’s CDO’s ICO’s (2014 - Securities Fraud Prevention Act (1928) 1920 2010 Financial “Innovation” Regulations Bitcoin (2009) 1990…. …. Are blockchain coins and tokens securities? 2014 2016 Financial History Repeats Itself ITO’s (2017 - @alanwunsche
  23. 23. Capital knows no borders @alanwunsche
  24. 24. www.tokenfunder.io From ICOs to ITOs Canadian-based Initial Token Offerings Coming Soon
  25. 25. @alanwunsche @LeadingK @TokenFunder @BlockchainCAN Blockchain Initial Coin Offerings The Future for Online Investing or Regulatory Crisis?

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