Initial coin offering: A mix of crowdfunding and share sale. Interview with OAX's Dave Chapman
There are indeed speculators who do not know in intimate detail what [the ICO project] is, and they likely fall into the FOMO (fear of missing out) category. However, there are professional investors who do perform due diligence and furthermore fully appreciate the inherent risks of participating in such
From more than 4,400 contributors participating in that token sale, Mainland China (376), the US (114) and Russia (90) are among the top three geographic regions of the contributors. “The majority of openANX contributors actually want to see the end, the finished product, and not speculating on secondary markets,”
Companies hoping to raise funding via an ICO need “an idea or a product”, and present it in a public “white paper”, a document explaining in detail the pitch of the future company and platform. The white paper would also contain operational details of the fundraising such as investment goal and cap, accepted currency, number of token to be distributed, duration of ICO campaign and any legal concerns.
Dave Chapman is an invaluable leader who co-founded ANX International, and backer of openANX. As the COO at ANX International, Dave is a thought leader in operating a global crypto-assets exchange, with leadership domain knowledge in the blockchain industry. His professional experience involves working with some of the world’s biggest financial brands on Project Management and Delivery. He has worked at HSBC, ABN AMRO and Barclays. Dave is the managing director of Octagon Strategy, a Hong Kong-based digital asset OTC trading desk.
Read the full article:
http://www.ejinsight.com/20170811-initial-coin-offering-a-mix-of-crowdfunding-and-share-sale/
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