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Navigating in the minefield of Token Offerings - Part 1

19 Apr 2019 . category: tech . Comments
#blocktopus #security #privacy

Token offerings have enabled companies to crowdfund their operations by issuing freshly minted tokens to users that are willing to trade them for profit or to get a cheap early access ticket to the upcoming services of the token issuer. This process despite its benefits, has also suffered from a series of incidents that have damaged the trust between the token issuers and the potential buyers.

According to a 2018 study from Satis Group, approximately a 81% of the Token Offerings had been identified as Scams. ~6% of them Failed, ~5% had Gone Dead and ~8% of them ended up being traded on a exchange. Adding up the numbers, in 92% of the cases the users lost their funds, since they didn’t manage to trade the tokens on a exchange or to get the token issuer’s service in a discount.

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Me

Panos is a founder of two failed start-ups, has 2 approved patents and several scientific publications in first tier conferences and journals. Loves connecting business requirements with technology and building teams that deliver on time, with quality and within budget. Currently he is on a mission to modernize personal finance 🤖💰