What do institutional investors bring to initial coin offerings (ICOs)?

Siyi Wang, Xiaoqiang Cai, Lei Guan and Lianmin Zhang

Transportation Research Part E: Logistics and Transportation Review, 2022, vol. 167, issue C

Abstract: Blockchain technology has attracted global attention for its ability to protect data security and traceability. It has driven the development of practical applications in various fields, namely management science, transport and logistics, and supply chain management. Initial coin offerings (ICOs), an emerging start-up fundraising method developed with blockchain technology, are now popular among start-ups that issue initial tokens as the sole exchange medium for their planned products. In addition to the public offering stage and market stage, the pre-ICO stage is an important phase for many ICO projects.

Keywords: Blockchain technology; Initial coin offerings (ICOs); Pre-ICO stage; Institutional investors; Network externality (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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DOI: 10.1016/j.tre.2022.102876

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