On today’s episode of The Cryptoverse…
Earn Passive Income In Bitcoin 0:26
ICOs 1:12
The Birth of STOs 2:55
Real Estate STOs 5:18
How Wall St Will Use STOs 6:01
My Fear with STOs 9:05
Projects To Watch 10:13
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Extremely good points, Chris, and about the only bad thing about the video is it has so many important things in it that whiz by so fast, they don’t get enough attention. I’m betting you put a decent amount of work into prep for this one.
I say it’s a problem because the average viewer isn’t going to absorb the gravity of each of the points of laid out.
Investing in the product/network instead of the company
On this one, I’d say it’s got a lot of pro going for it than just con. With VC funding and normal company stocks (IPO), the team and the company itself are directly tied to the IPO stock. I might like a product or two from Company X but in order to “invest” in a product, I can’t - I have to invest in the Company and all that goes with it - the team and all their other products that may or may not be great.
STO and ICO’s don’t necessarily have to carry the same burden. The product and/or network itself can be invested in, and while the team behind it do play a role, there are ways in which the product can have a life of its own, the team can be replaced and if decentralized correctly, the STO itself can survive and thrive.
Hello, DAO 2.0?
keeping up the quality content, enjoying it, thanx CC.
Chris, STOs may be the buzzword for 2019, and your description of their "limitations" is quite apt. However, Hedera Hashgraph did their crowdsale with an SAFT in August 2018. Perhaps this model would be more appropriate for selling stake in a network as opposed to selling stake in an organization. Remember, Hedera ran towards regulators because of the problems with ICOs. This gives future projects options in the toolbox. Dev teams should always use the right tool for the job, right?
I thought the same thing, when I saw the SAFT come out and noticed a distinct split in the tokens out there - ones with an eye towards attaining capital and one with an eye towards attaining investors.
The ones focused on capital would open up, let investors come in, then have few to zero restrictions for when coins could be dumped, not implement any KYC, ignore future regulatory requirements and not use a SAFT or similar instrument for clarifying investment requirements.
Those with an eye towards attaining investors, particularly long term ones, did the opposite. They used SAFTs, used firms to implement KYC, put into place restrictions for token holding and selling requirements early investors couldn’t buy at a premium and then dump on the market when the coin showed up on an exchange.
These, to me, made a mark of a mature, forward-thinking and non-scammy feel.
Coinlist and Filecoin paved the way for this in 2017 by embracing regulation awareness, investor documentation and taking all this seriously.
https://www.cnbc.com/2017/07/19/filecoin-to-run-first-coinlist-based-ico.html
And then the hit jobs started. Google “SAFT” and you’ll see article after article about how horrible it is, SEC throws shade on It, why would anyone ever choose it, and how it’s just a bad idea.
I wonder if that whole run of SAFTness was a coordinated attack just to get people to stop investing, right during the whole downturn.
That’s one of my theories, anyway.
As much as STO's are an improvement on ICO's I think its still going to be abused and could be the reason behind the next major run. We're going to see similiar projects that failed as ICOS try out STO thinking they'll get more investor confidence and reach their soft cap.
Raising funds from crypto isn't a problem but the fiduciary responsiblity towards investors. I've seen concepts ILP as a new fund raising tool too as well as blockchain risk managment protocals to help investors recover their principle should the company not meet its promices
Its going to take a long time to find a balance between decentralisation and regulation but im sure we will find a middle ground eventually
interesting
Many thought ICOs where STOs. But of course they were not. Now the REAL Cryptomarket will start, and we will see new value not by PoW or Marketing, but by company value (and utility).
Raven is another STO I've been watching. https://ravencoin.org/ completely community backed with support from Overstock.com CEO Patrick Byrne
Yeah, was just in Korea talking about this with reps from Maker and Polymath. Gonna be YUGE!
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great analysis, thanks for the update.
The potential of STOs is great but the underlying platforms are even better given the amount of efficiencies and transparency they could bring to stakeholders in the markets. I am looking forward to seeing the secondary markets for these development to show their potential. I expect it to be slow given the regulatory environment we are currently in.
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I think this video should be bookmarked for future references. The wall street strategy of tokenization of assets might be very accurate.
I think they already realized they can't fight this and then they will try to use the technology and benefit from it.
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