What is an ICO? @TechInvestMonaco
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What's is an Initial Token Offering? This new way to raise funds with blockchain isn't just a fundraising, but something more complex. This presentation will explain what is an ICO, what are the use of the tokens distributed through an ICO, the history of ICOs and the coming regulation.
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What is an ICO? @TechInvestMonaco
- 1. What is an ICO ? Quentin de Beauchesne - CEO
- 2. ICOs’ Origin
- 3. Initial Coin Offering : Origin Token / CryptocurrencyPlatform Creator TI Community I HAVE AN APP I NEED A TOKEN I DISTRIBUTE IT On an Open Blockchain To make it work To decentralize the App
- 4. Initial Coin Offering : Origin AirdropMining (only for crypto) ICO Distribution ?
- 5. ICO STEP 1 : Invest in cryptocurrencies Cryptocurrency Fund TI100 000
- 6. ICO STEP 2 : Get a cryptocurrency or a token Cryptocurrency Fund TI TI TI 20% Team 80% ICO Distribution 2% 1% 1% 1,6% 0,8% 0,8%
- 7. ICO STEP 3 : Use the token ? TI TI Blockchain Platform Exchanges ? TI
- 8. ICOs’ Token
- 9. Tokens: different uses A S App Token Required to use the app Share Token To vote and get retributions of the system SECURITIES C Cryptocurrency Required to run an Open Blockchain
- 10. Tokens: « A »pp token A Get 10 GB of Storage Example: Storage I NEED SOME A TOKEN TO USE X Pay with
- 11. Example: Tech Invest « A »pp token TI Decentralized Pitch Platform pitch slot on platform
- 12. Tokens: « S »hare token S3 % S8 % S2 % Example: Vote I NEED A SHARE OF S TO DO SOMETHING ON X PLATFORM Blockchain Platform
- 13. Example: Tech Invest « S »hare token TI Decentralized Fund 1% Month revenue: 1000 ETH 10 ETH
- 14. ICOs’ History
- 15. 2013: First Blockchain ICOs NXT Omni (former Mastercoin) Summer 2013 5000 BTC ~ 500 000$ Few BTC 1500$ October 2013 Maidsafe (Storage) 6 400 000$ April 2014 Ethereum 31 500 BTC ~18 000 000$ Summer 2014
- 16. 2014->2016 : « DApps tokens » Bitcrystals (Gaming) StorjX (Storage) Summer 2014 910 BTC ~ 461 802$ 974 BTC ~230 000$ August 2015 Augur (Prediction) 18 600 BTC & 1.18m ETH 5 300 000$ Summer 2015 The DAO (Fund) 11,5m ETH +150 m$ May 2016
- 17. The mother of ‘all’ ICOs : DigixDAO ➢ First decentralized ICO on Ethereum with a cap ➢ Limited to 5 500 000$ (gold stock limit) ➢ ICO terminated in less than 12h
- 18. The « FOMO » effect FOMO : Fear Of Missing Out = I should invest FAST
- 19. 2016-2017 : Speculation and ICO bubble on Ethereum SingularDTVFirstBlood July 2016 <1 minute 580 046 ETH ~7,8 m$ August 2016 Golem 820 000 ETH ~ 8,6 m$ Sept. 2016 Melonport 227 000 ETH ~3 m$ Feb 2017 465 312 ETH ~ 5,5 m$ <15 minutes <30 minutes <10 minutes Aragon 275 000 ETH ~25 m$ May 2017 26 minutes
- 20. Cryptocurrency bubble -> Ether : x30
- 21. No Cap in a bubble? It’s worse 90 000 000 $ [300 000 ETH] 152 000 000 $ [390 000 ETH] Status Tezos +200 000 000 $ [60 000 BTC & 328 000 ETH]
- 22. Bubble doesn’t last forever
- 23. ICOs’ Regulation
- 24. Regulation: Warnings SEC - US FCA - UK
- 25. Regulation: Attacking scams SEC - US
- 26. Regulation: China’s BAN - Chinese can’t do ICOs - Chinese ICO’s creator have to refund all (Chinese) investors - ICO’s tokens aren’t allowed on Chinese exchanges
- 27. Regulation: AMF Winter is coming! Challenges, Entretien avec Robert Ophèle (AMF) 02/10/2017
- 28. Conclusion
- 29. Ledgys case Traceability SolutionsDecentralized Data Markets ICO Seed Funding
- 31. Website: https://ledgys.io Twitter: @ledgyssolutions Quentin de Beauchesne - CEO Contact me @ quentin@ledgys.io