Telegram’s $1.2 Billion ICO Could Be the Most Ambitious Token Sale Yet

To describe Telegram’s planned initial coin offering (ICO) as ambitious would be an understatement. And it’s not only because the provider of a popular messaging app is seeking to raise $1.2 billion, according to three people familiar with the offering, which would represent the largest crypto token sale to date. Nor is it just because Telegram, with 200 million users, seems to be intent on bringing cryptocurrency payments to the masses. Rather, the proposed Telegram Open Network (TON) would seek nothing short of decentralizing online communication, with a suite of…

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$35 Million: Smart Contracts Platform Mobius Completes ICO Presale

Smart contract-based data platform Mobius Network successfully concluded a $35 million token pre-sale, the company announced Tuesday. The turn-key software provider announced it had raised $10 million more than projected on sales of its MOBI token, which in turn is based on the Stellar network. After it launches, Mobius plans to develop its platform as a facilitator for smart contract-based micropayments. In a press release, the company noted that 32,000 participants registered for the pre-sale, which took place through the end of 2017 and the beginning of 2018. The full…

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2018’s Challenge: What Are Crypto Assets Really Worth?

Bradley Miles and Sid Kalla are the co-founders of Turing Group, an incubation and advisory firm focused on token protocol design and the ICO sales process. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. If 2017 has taught us anything, it’s that there’s no shortage of tokens. Yet, this strength in numbers has brought pitfalls for new investors and analysts, many of whom seem to be having a hard time trying to understand or value their options. Why is that? After all, Wall Street has been valuing…

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ICOs: The Tech Is Here, But Where Are the Standards?

Nick Cowan is CEO of the Gibraltar Blockchain Exchange and the Gibraltar Stock Exchange Group, which operates the Gibraltar Stock Exchange. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Let’s face facts: initial coin offerings (ICOs) have done more this year to encourage the adoption of blockchain technology, as well as its activity, invention, debate and reaction, than just about anything else in the industry. Many technological purists are skeptical about this. They roll their eyes. They look forward to a more sophisticated future for blockchains. This…

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ICOs: The Beauty, the Beast and JFK

Christine Duhaime is a financial crime attorney and the founder of the Digital Finance Institute, where she advises digital currency companies, and the co-founder of Chatbo, an AML chatbot solution for screening and onboarding. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. All technological advances have a good and a bad side. Initial coin offerings (ICOs) are no different except that unlike other new technologies, their good and the bads side exist in extremes without any middle ground or balance. The beauty Let’s talk about the…

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The Death of the ICO (And 4 Other 2018 Predictions)

Stefan Thomas is chief technical officer at Ripple and co-creator of the Interledger payment protocol. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. If 2017 was the year of the ICO, 2018 will be the year of the great ICO hangover. It will also be the year major financial institutions adopt digital assets, and mark the birth of hybrid blockchains. 1. The death of the ICO token “Cryptocurrency” became a major buzzword in 2017. Suddenly, all eyes were on these new assets with speculators jumping into the…

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The Defining Word for Tokens in 2018

Shawn Wilkinson is the co-founder and chief strategy officer at Storj Labs where he oversees strategy, vision and architecture for the Storj network. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. It’s pretty clear that 2017 was the year of the token. Whether you’re reading the news, attending a trade show or just minding your own business working in your preferred coffee shop, you don’t have to venture far to hear someone talking about another token sale. There are now more than 1,000 different digital tokens. Keeping…

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SEC Halts Multimillion-Dollar ‘Munchee’ ICO for Securities Violations

A California-based company has refunded tokens sold in a $15 million initial coin offering following an investigation by the U.S. Securities and Exchange Commission (SEC). The SEC announced today that Munchee Inc. had provided refunds to investors after officials made contact and drew issue with its token sale, which the agency said constituted the offer and sale of unregistered securities. The development represents the latest high-profile move by the agency to regulate initial coin offerings, coming roughly a week after the SEC filed a fraud suit against the organizer of the…

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Pantera Invests $3 Million in Sharing Economy Token Origin

It can be said the sharing economy brought the internet into the real world, helping it move real items rather than just information. On today’s web, though, if you want to rent out your camera or desk, you need a specific site for each one (think Airbnb, 99 Designs or DogVacay), and each site takes a hefty cut from every sale. The founders at Origin, however, envision a world where entrepreneurs would build specific interfaces for each business area, all of which would share one giant pool of customers to…

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The Hidden Trade-Offs of ICOs for Entrepreneurs

Rob May is the CEO of Talla, which produces the Botchain, a network for managing autonomous agents on a blockchain. He also writes a newsletter on artificial intelligence. Initial coin offerings (ICOs) seem like a dream come true for entrepreneurs. They have to find a way to get their product in the hands of the public, and they also have to raise money to fund the building and operation of their networks. ICOs can kill two birds with one stone. But taking a closer look at how ICOs work makes…

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