Coin token ico stands for “Initial Coin Offering”; Most if not all ICOs involve the creation and allocation of virtual TOKENS. ICO are becoming the norm for fund raising by blockchain entrepreneurs. In 2016 according to COINDESK, ICOs raised just under. Seed stage or even earlier!!! Donations are accepted (usually in BTC or ETH) to pay devs. Investors receive tokens in proportion to their investment. Tokens are
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Coin token ico lionscoin
1. Having
distributed
copies of all
land registries
is useful in
case of loss
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Being able to compare
multiple trusted the copies
is useful against fraud
Town C
Local Registry
Town B
Local Registry
Town A
Local Registry
Town D
Local Registry
- Lost -
Tampered Accurate
Also
Accurate!
How could we prepare
against this risk?
Coin token ico
2. A distributed ledger technology
can help solve this type of
problem.
“Coin token ico”
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Coin token ico
3. Types of Coin token ico
Public, Consortium, Private
Privacy and transparency
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Coin token ico
4. Coin token ico, a metaphor.
Picture a spreadsheet that
is duplicated millions of
times on the Internet and
is continuously updated.
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On this spreadsheet:
You can add new rows
but
You can never modify a row
Coin token ico
5. Practical implementations
Coin token ico-based land registries are being tested by:
Sweden’s Land Registry Authority.(Source: Lantmäteriet, Aug
10, 2017)
India’s Andhra Pradesh and Telangana States are
being planned.(Reuters, Aug 7, 2017)
Coin token ico
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Coin token ico
6. Example in the financial sector
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Banks monitor and manage their international accounts in
other banks to exchange foreign currency to facilitate cross-
border payments.
Banks want to receive real-time liquidity data to manage funds
throughout the business day.
Coin token ico
7. Example in the financial sector
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E.g. Australia and New Zealand Banking Group, BNP Paribas, Wells Fargo, ABN AMRO Bank,
BBVA, Banco Santander, China Construction Bank, China Minsheng Banking, Commerzbank,
Deutsche Bank, JPMorgan Chase Bank, Lloyds Bank, Société Générale, Sumitomo Mitsui
Banking Corporation, etc. Source: www.swift.com, July 6, 2017.
Coin token ico
8. Cryptocurrencies, e.g. Bitcoin
What is it?
What are Coin token ico sales or Initial Coin Offerings?
What are the risks or open questions?
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Coin token ico
9. An example: Initial Coin Offering (ICO)
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Much like an IPO, an ICO is an unregulated way to raise
money for business purposes
1. The company creates digital tokens in cryptocurrencies.
2. The tokens are issued based on the amount that the company
wants to raise. These tokens have a predetermined value and
sold.
3. The tokens are on a blockchain and derive their value based on
demand.
4. Anyone can invest in an ICO. You can buy it online on
cryptocurrency exchanges that supports it.
Coin token ico
10. Core benefits of the Coin token ico
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Distributed
Lower transaction costs
Faster transaction times
Transparency & accountability &
integrity
Usage information and traceability
Data security through encryption
Coin token ico
In case of an ICO, tokens are generated and a price is set on those tokens.
The concept works on the theory that on blockchain you can transact without the need of a central authority such as a central bank.
The newly created tokens can then be exchanged with existing popular cryptocurrencies such as bitcoin and ethereum or even with a fiat currency like dollar or rupee.