Anchoring Crypto: STOs Will Finally Peg Tokens to Calculable Price Points
Over the last year or so, blockchain-based efforts at finding backers have rocked the finance world. Initial Coin Offerings (ICOs) provided an alternative path for companies to launch their products and services in the blockchain by selling them directly to their ultimate users, collecting vast amounts of capital for in the process. Companies were able to rake in hundreds of millions of dollars overnight, but the boom proved to be short-lived.
Rampant fraud and unclear regulation quickly wreaked havoc on
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