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Initial Coin Offering (ICO) an Innovation Funding forDigitalpreneur

Authors: Hugo PrasetyoWinotoatmojo; Idris Gautama; Elidjen; Meyliana;

Initial Coin Offering (ICO) an Innovation Funding forDigitalpreneur

Abstract

ICO (Initial Coin Offering) is a new mechanism for raising funds from the public through websites or social media by Digitalpreneur to fund blockchain-based start-ups by selling blockchain-based tokens or coins. Through ICOs has many advantages over conventional fundraisings, such as lower fundraising costs, faster fundraising times, and large amounts of funds raised. This ICO scheme is a fundraising innovation to meet funding shortfalls for current and future projects. From the research results on 49 ICOs in Indonesia, it is known that Trust, Asymmetry Information, Community Building have a positive effect on wealth creation. In contrast, duration harms wealth creation.

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Keywords

Initial Coin Offering, Digitalpreneur, Funding, Blockchain, Bitcoin.

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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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