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.
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
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. Tokens: « A »pp token
A
Get 10 GB of Storage
Example: Storage
I NEED SOME A TOKEN TO USE X
Pay with
11. Example: Tech Invest « A »pp token
TI
Decentralized
Pitch Platform
pitch slot on platform
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. Example: Tech Invest « S »hare token
TI
Decentralized
Fund
1%
Month revenue: 1000 ETH
10 ETH
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. 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. 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. The « FOMO » effect
FOMO : Fear Of Missing Out
= I should invest FAST
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
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