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Briefing
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- First Venture Capital ICO – Venture firm Blockchain Capital announced plans to raise $50 million in Initial Coin Offering (ICO) in next two months, by issuing own digital tokens BCAP
- Initial Coin Offering – Blockchain startups distributing own cryptocurrencies or tokens among early supporters and backers to raise funds, much like how stocks are disseminated to investors, only decentralized and unregulated
- Blockchain ICOs – Raised over $270 million in ICOs in 2016, according to blockchain research firm Smith & Crown, with decentralized autonomous organization DAOhub raising $130 million
- Investor Qualifications – Offering is open only to accredited investors in U.S. to comply with regulations, while any overseas investor can buy tokens
- Memorandum Release – Plans to release memorandum with more details on offering on April 3, 2017, through organization in Singapore
- Open to Secondary Market – Allows investors to sell their tokens to secondary market, which can attract more investors and money to ICOs
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