Tag: ico

Ethereum to ICOs: You’re Doing It Wrong

"Grotesque" might not be the word you'd think ethereum developers would ascribe to today's ICO scene. But that's exactly how some of the platform's ardent supporters described the current state of affairs. At Devcon3 in Cancun, Mexico, last week, developers were decidedly unenthusiastic when approached for thoughts about the new funding method, some going so far as to allege that many projects that use it to raise money are little more than "scams." Even Fabian Vogelstellar, the developer behind the technology standard that helped make ethereum tokens so easy to launch, was keen to join the ranks of ICO critics, echoing remarks made by a colorful cast of…

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Ethereum Founder Vitalik Buterin Co-Authors Plan for Interactive ICO Protocol

A new white paper has been published detailing a potentially transformative protocol for initial coin offerings (ICOs). The protocol, which would seek to produce an "equilibrium" between capped and uncapped token sales, represents a collaborative effort between ethereum founder Vitalik Buterin and developer Jason Teutsch, the creator of smart contract scalability project TrueBit. In the white paper, released today, the authors detail a system by which an ICO could respond to the actions of buyers. Specifically, buyers would submit a valuation table via a smart contract that would enable them to make purchases dynamically relative to a real-time valuation. More simply, the new ICO protocol would give buyers the option to withdraw investment…

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