INITIAL COIN OFFERING (ICO)- BLOCKCHAIN FOR ENTREPRENEURS









Abstract

Initial coin offerings also commonly referred as sale of digital currency / cryptocurrency tokens has recently been used as a medium raise funds by startups in their respective industries. The paper summarizes the includes which determine the ICO pricing mechanism (whether you should consider making an ICO token for your idea or not) The paper also guide how entrepreneurs may (or may not) use initial coin offerings- where crypto tokens are issued and are committed to transact only using these specific coins as payment for their product(s) or to even fund their venture (startup) costs. Crypto coins can also be used to facilitate coordination amongst the stakeholders within the coins own digital ecosystem. For crowdfunding campaigns, investors, both institutional and retail can purchase coins with existing cryptocurrencies like Ethereum and Bitcoin. Finally, the paper discussed the intricacies of legalities related to initial coin offering, covering the reasons for gray areas, and the probable future for ICOs. Keywords: ICO, cryptocurrencies, Ethereum, Smart Contracts, Blockchain, cryptocurrency, entrepreneurial finance, crowdfunding, equity financing, network effects, Initial Token Offerings, ITOs.


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Software And Hardware

• Hardware: Processor: i3 ,i5 RAM: 4GB Hard disk: 16 GB • Software: operating System : Windws2000/XP/7/8/10 Anaconda,jupyter,spyder,flask Frontend :-python Backend:- MYSQL