For a new form of funding, initial coin offerings, or ICOs, have been raising money at astonishing speed — amassing about $440 million over two years, mostly for developers of early-stage projects.
These crowdsales of new cryptocurrencies give entrepreneurs access to funding from the crowd, and token buyers, in turn, get something akin to a form of equity in the network, since, if the platform becomes more popular, the price for their shares should rise.
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