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As the first decentralized, global currency.
Against inflation.
Cannot be controlled by the government
No need for transaction fees
No need to provide real information
must have software to store bitcoins
Must control your transactions

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The transactions are validated and recorded.
As blockchain technology
advances, it becomes capable of tokenizing and decentralizing not only money but also other scarce
assets, significantly expanding its disruptive potential.

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A token is not native to a blockchain but is created on top of a blockchain and governed by a smart contract
Token is like a password that can only use for one time only.
Each creation will be a random password

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Represent a wide range of scarce assets
currencies,
securities,
properties,
loyalty points
gift certificates

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Have a fixed supply
or follow a transparent supply schedule.
Anti-inflationary
Transferred between parties without the involvement of a central entity traded on digital currency exchanges without borders

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The fundraising process is highly inefficient, as entrepreneurs have to present their business plans to  many potential investors in order to find someone willing to invest.
ICOs are reshaping fundraising and democratizing access to financial capital, allowing promising projects to get funded more easily

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To undertake an ICO, a project team must publish a white paper describing the project and the roles of the token in the project
Details a development roadmap and estimates the funds needed to move the project toward each major milestone.
Has to value the project according to the current project stage

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Token sales can be tax inefficient
ICOs can be very costly to entrepreneurs:
+ Can be costly to entrepreneurs if a project proves to be truly revolutionary and successful
+  It allows the public to share the rewards, as well as the risks, of an early-stage project
ICOs face regulatory
uncertainty

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- Blockchain tokens enable entrepreneurs to raise funds directly from investors around the globe
- Blockchain tokens give investors opportunities to invest in early-stage projects around the world
- Blockchain tokens may reshape the landscape of open innovation

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New way for startups to raise funds.
Raise billions of dollars from global investors.

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- Blockchain tokens give open-source projects a new way of funding continued development
- Open-source projects have significant value for society, but capture little value for themselves
-> for example Wikipedia
- With blockchain technology, open-souce projects can raise funds by issuing blockchain tokens instead of asking for donations

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Link between innovations and entrepreneurship

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Link between innovations and entrepreneurship