How does a software only company conduct an ICO ?

Question

How does a software only company conduct an ICO ?

Does ICO stand for something else ? 😅

How did it go - Hey we have some ERC20 coins we would like to sell and we give you a software called EOSIO and you can use the coins on EOS , a chain we have nothing to do with, it just uses the software ( that we don't plan to complete anyway ).

#blockchain #cryptocurrency #english #eos

0

16.06.2023

5 ответов

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thenewlegend Автор вопроса

I am not a genesis holder or anything. So excuse my lack of knowledge.

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16.06.2023

Aaron Cox (jesta) — Greymass

lol, good question. It was all super confusing. They basically said you’re buying an ERC20 token and we’re not going to launch a chain, but we’re going to build the software to let people launch chains - of which they’d expect people to honor a snapshot of. It was a clever way to have an ICO and get around the laws of the time. The ERC20 token is what B1 settled with the SEC for though, because they still sold a token 😂 The network itself though because of this was launched without an ICO.

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16.06.2023

Dario

It seems it wasn’t an ICO: https://t.me/daneos/17521

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16.06.2023

Musozi

It is called the best crypto scam

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16.06.2023

Lovejoy Lovejoy · Accepted Answer

Lovejoy Lovejoy

smoke and mirrors... I recall Blumer at the time saying that those who participate in the ICO were essentially putting themselves on a "weighted list", and they had about 4 or 5 pages of lawyer speak... so when you sent you ETH in to the contract, you were like... well shit, total leap of faith here.

0

16.06.2023

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