Skip to main content
Fachgebiete
Automobil + Motoren Bauwesen + Immobilien Business IT + Informatik Elektrotechnik + Elektronik Energie + Nachhaltigkeit Finance + Banking Management + Führung Marketing + Vertrieb Maschinenbau + Werkstoffe Versicherung + Risiko
DE
EN
Bücher
Zeitschriften
Themenseiten
Organisationspsychologie Projektmanagement Marketing Smart Manufacturing
Weitere Formate
Podcasts Webinare Technik Webinare Wirtschaft Kongresse Veranstaltungskalender Awards
Jetzt Einzelzugang starten
Zugang für Unternehmen
Referenzkunden
SLX-Digitalkonferenz: Zukunftswerkstatt 2024

Mehr Umsatz mit Top-Kontakten

Am 7. Mai erfahren Sie, wie Vertriebsteams Leadgenerierung, Leadnurturing und Leadstrategien effizient steuern können.
Erweiterte Suche
Anmelden
nach oben
Erschienen in:
Cryptocurrencies as an Asset Class Kapitel lesen Erstes Kapitel lesen

2019 | OriginalPaper | Buchkapitel

Blockchain and Alternative Sources of Financing

verfasst von : Othalia Doe-Bruce

Erschienen in: Cryptofinance and Mechanisms of Exchange

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

For the past decade, Bitcoin has captured the attention of the world with its extreme price swings and yet constant price rises, outperforming most traditional asset classes. Along with Bitcoin came the phenomenon of the ICOs or Token Offerings, equally captivating, that turned start-ups’ founders into overnight millionaires. For the first time, start-ups with a compelling vision, no longer needed to plead their case, by pitching to multiple stone faced VCs, all so they could raise a few hundred grants. Start-ups could now pitch to the world and raise millions in a matter of minutes. Prompting the CEO of one such start-ups that raised USD25 million and based in Toronto, Canada, to say: “The crypto world is not real, it is a dream”. In this chapter, we will explore the various alternative sources of financing such as ICOs, STOs and IEOs that came along with the Bitcoin, their implications and what we can expect going forward.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Jetzt informieren
Vorheriges Kapitel Are Cryptocurrencies Truly Trustless?
Nächstes Kapitel Tokenomics
Fußnoten
1
“Ethereum” typically refers to the blockchain platform, that supports the “ether” cryptocurrency. In this chapter, we will often use “Ethereum” and “ether” interchangeably. The trading ticker of “ether” is ETH which will also be often used.
 
2
Ibid.
 
3
“Bitcoin” with a capital “B” typically refers to the blockchain technology platform, that supports the “bitcoin” cryptocurrency with lower case “b”. In this chapter we will often use “Bitcoin” and “bitcoin” interchangeably. The trading ticker of “bitcoin” is BTC which will also be often used.
 
4
Token Fungibility vs. Non-Fungibility: Fungibility is defined by Investopedia as an asset that can be interchanged with other assets or goods of the same type, (Laura Green 2019). For example, money is a fungible asset because it can be divided and subdivided in a any number of parts representing the same asset, (District0x Educational Portal 2019). A real estate property on the other hand is not interchangeable, in its physical form that is, as it is unique and indivisible. On the Ethereum network, ERC20 tokens have a fungible standard while ERC721 tokens follow a non-fungible standard.
 
5
Ibid.
 
6
Ibid.
 
7
Native coins designate cryptocurrencies or tokens that are integral part of a blockchain platform, the protocol layer. Native to the very blockchain upon which dApp and their tokens will be created. Think Ether the native coin, BAT the dApp token build on top of the Ethereum blockchain.
 
8
A white paper is an authoritative report or guide that informs readers concisely about a complex issue and presents the issuing body’s philosophy on the matter, (Jerry Yu 2018). It is meant to help readers understand an issue, solve a problem, or decide.
 
9
A yellow paper is a document containing research that has not yet been formally accepted or published in an academic journal.
 
10
Tokenomics is a set of rules, principles and incentivization mechanism that govern a crypto-currency or a token ecosystem, with the goals of sustaining the vision of a blockchain based platform.
 
11
KYC or Know your customer, is used to link the movement of funds with its sources, in order to prevent, illegal transactions such as money laundering or other fraudulent activities.
 
12
Tokenomics is a set of rules, principles and incentivization mechanism that govern a crypto-currency or a token ecosystem, with the goals of sustaining the vision of a blockchain based platform.
 
13
Ibid.
 
14
In its published framework on Digital Assets i.e. cryptocurrencies and tokens, the US Securities Exchange Commission (SEC), which regulates securities markets, outlines that all coins (at the exception of Bitcoin and Ethereum) are securities until proven otherwise. Therefore, ICOs should by default fall under the umbrella of securities’ fund raising and must meet the appropriate regulatory guidelines or risk of suffering severe legal consequences. https://​www.​sec.​gov/​corpfin/​framework-investment-contract-analysis-digital-assets.
 
15
Accredited investors (can be individual or institution), as per the SEC’s definition, should have a minimum of $200,000 income in the past 2 years and expected in the current year. Alternatively, an accredited investor should own $1 million in net worth excluding the primary home of residence.
 
16
A sophisticated investor is a high-networth investor who is considered to have a depth of experience and market knowledge in business matters to evaluate the risks and merits of an investment. This makes them eligible for certain benefits and opportunities.
 
Literatur
Metadaten
Titel
Blockchain and Alternative Sources of Financing
verfasst von
Othalia Doe-Bruce
Copyright-Jahr
2019
Verlag
Springer International Publishing
Buch
Cryptofinance and Mechanisms of Exchange

Print ISBN: 978-3-030-30737-0

Electronic ISBN: 978-3-030-30738-7

Copyright-Jahr: 2019

DOI
https://doi.org/10.1007/978-3-030-30738-7_6