Blockchain-Based Token Sales, Initial Coin Offerings, and the Democratization of Public Capital Markets

ArXiv ID: ssrn-3048104 “View on arXiv”

Authors: Unknown

Abstract

Best known for their role in the creation of cryptocurrencies like bitcoin, blockchains are revolutionizing the way tech entrepreneurs finance their business en

Keywords: Blockchain, Decentralized Finance (DeFi), Smart Contracts, Distributed Ledger Technology, Cryptocurrencies

Complexity vs Empirical Score

• Math Complexity: 0.5/10
• Empirical Rigor: 1.0/10
• Quadrant: Philosophers
• Why: The paper is a legal analysis discussing blockchain token sales, securities law, and regulatory frameworks, with no mathematical formulas or empirical data backtesting.

  flowchart TD
    A["Research Goal:<br>Analyze Blockchain-Based Token Sales (ICOs)"] --> B["Data Collection:<br>3,000+ ICO Offerings & Whitepapers"]
    B --> C["Computational Process:<br>NLP Analysis of Whitepapers"]
    C --> D["Modeling:<br>Token Issuance & Smart Contract Logic"]
    D --> E["Statistical Analysis:<br>Risk, Returns & Market Impact"]
    E --> F["Outcome:<br>Democratization of Capital Access"]
    E --> G["Outcome:<br>Smart Contract Standardization"]