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Since 2013, over 850 ventures have conducted initial coin offerings (ICO), which enable startups to raise capital through direct, global sales of cryptographic tokens to (non-expert) investors. As the ICO market is decentralized and lacks regulation, inve

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Dec 13th, 12:00 AM

Cutting Out the Noise”Costly vs. Costless Signals in Initial Coin Offerings

Since 2013, over 850 ventures have conducted initial coin offerings (ICO), which enable startups to raise capital through direct, global sales of cryptographic tokens to (non-expert) investors. As the ICO market is decentralized and lacks regulation, inve