Hi Future Rebels,
An ICO is a fundraising tool that trades future cryptocoins in exchange for cryptocurrencies of immediate, liquid value. You give the ICO bitcoin or ethereum, and you get some of Billy’s New Super Great Coin or the infamous CrunchCoin.
The Financial Times calls ICOs “unregulated issuances of cryptocoins where investors can raise money in bitcoin or other [cryptocurrencies],” which is accurate, especially if you underline the word “unregulated.” We’ll get to that in a moment.
Sticking close to the older financial publications, The Economist also took a look at the financing mechanism, describing what you buy in an ICO in the following fashion:
ICO “coins” are essentially digital coupons, tokens issued on an indelible distributed ledger, or blockchain, of the kind that underpins bitcoin, a crypto-currency. That means they can easily be traded, although unlike shares they do not confer ownership rights. […] Investors hope that successful projects will cause tokens’ value to rise. http://tcrn.ch/2qGbgDP
Agenda Kickoff 630pm - Networking, Demos & Nibbles
7pm - Lightning pitches from Audience - 1 minute
715pm - Speakers TBC
Panel - Hosted by Jeffrey Sweeney - US Capital Partners
Small and lower middle market businesses are one of the most important engines for wealth creation and economic growth in the world. Since 1998, US Capital Partners has been providing prompt, innovative, and reliable financing exclusively for such businesses having annual sales of $500,000 to $100 million.
Speakers + audience members Networking
900 - close & off to a nearby bar.
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