Initial Coin Offerings: An analysis of ICOs' worldwide
Enrico Sellitto
Initial Coin Offerings: An analysis of ICOs' worldwide.
Rel. Elisa Ughetto. Politecnico di Torino, Corso di laurea magistrale in Ingegneria Gestionale (Engineering And Management), 2020
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Abstract
Initial Coin Offerings: An analysis of ICOs' worldwide Since earlier the last decade there has been an emerging interest around the concepts of Blockchain and Distributed Ledger Technologies: the two approaches immediately started to impact different industries, symbolizing a revolutionary and disruptive technological innovation. Amidst the most innovative implications of these technologies, it’s possible to highlight the birth of the smart-contracts and the – nowadays renowned – cryptocurrencies. These concepts brought, as a consequence, the beginning of the Initial Coin Offerings (ICOs) phenomenon. ICOs emerged as a method with the purpose to carry on entrepreneurial finance, venture capital and other presale crowdfunding activities, all those activities are built upon the Blockchain technology structure.
The configuration of this unprecedented crowdfunding method relies on the issuance of new tokens from a company, with the aim to finance its Blockchain-based project; the tokens newly issued are offered to investors that are willing to allocate their money on the project
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