You are viewing a single comment's thread from:

RE: CRYPTO20 in a Nutshell - Writeup

in #bitcoin7 years ago

So it's a token, backed by assets you will never be able to touch even if you own 100% of the tokens? Seems like this ICO is just funding someone else to own and hold a bunch of crypto.

Sort:  

Absolutely not - you are able to liquidate your share of the fund for ETH at any time via the smart contract - or sell the tokens on an exchange :)

I totally missed the liquidating part. Thanks for the correction. To me without a liquidation option the token is worthless.