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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 Computer Scientist with scientific publications in top conferences and journals, several patent applications, open-source contributions on privacy preserving products and a proven track record of delivering secure, reliable and fast cloud services. In the past, he worked as a Linux kernel developer at the CERN CERT team, did Machine Learning research at the University of Athens and innovated on Microsoft’s Office 365 cloud services. Currently he is on a mission to contribute to the mass adoption of cryptocurrencies.