Bancor’s blockbuster ICO and the risk of blockchain investing

  • Blockchain startup Bancor closed a $150 million ICO raise this week — a landmark event, both in the speed and the magnitude of the raise.
  • It’s trying to hit the blockchain domain at its very heart with the promise that it can enable smart tokens to serve as legitimate currency.
  • Cryptocurrencies, or smart tokens, are new forms of digital currency (akin to bitcoin), that aim to serve as cash equivalents for various online services.
  • Bancor wants to enable these tokens, based on their protocol, to be widely acceptable.
  • These tokens need to be redeemable,

Blockchain startup Bancor closed a $150 million ICO raise this week — a landmark event, both in the speed and the magnitude of the raise. What is Bancor doing that got investors so excited? It’s trying to hit the blockchain domain at its very heart with the promise that it can enable smart tokens to serve as legitimate currency. Cryptocurrencies, or smart tokens, are new forms of digital currency (akin to bitcoin), that aim to serve as cash equivalents for various online services. Bancor wants to enable these tokens, based on their protocol, to be widely acceptable. For example, people will only confidently adopt cryptocurrencies when their exchange rates are stable. These tokens need to be redeemable,

@RichFXMFintech: #SteveRichFXCorp RT @bitcoinagile: Bancor’s blockbuster ICO and the risk of #blockchain investing

Blockchain startup Bancor closed a $150 million ICO raise this week — a landmark event, both in the speed and the magnitude of the raise. What is Bancor doing that got investors so excited? It’s trying to hit the blockchain domain at its very heart with the promise that it can enable smart tokens to serve as legitimate currency. Cryptocurrencies, or smart tokens, are new forms of digital currency (akin to bitcoin), that aim to serve as cash equivalents for various online services. Bancor wants to enable these tokens, based on their protocol, to be widely acceptable. For example, people will only confidently adopt cryptocurrencies when their exchange rates are stable. These tokens need to be redeemable,

Bancor’s blockbuster ICO and the risk of blockchain investing