Question
Initial Coin Offering (ICO) is used by Web3 companies to raise money from investors. Specifically, a company can create a new cryptocurrency and sell this
Initial Coin Offering (ICO) is used by Web3 companies to raise money from investors. Specifically, a company can create a new cryptocurrency and sell this cryptocurrency to investors. Investors invest their money in the company by purchasing the cryptocurrency. In this setting, who has superior information on how to manage the money?
Initial Coin Offering (ICO) is used by Web3 companies to raise money from investors. Specifically, a company can create a new cryptocurrency and sell this cryptocurrency to investors. Investors invest their money in the company by purchasing the cryptocurrency. In this setting, who has superior information on how to manage the money?
The company who issues the cryptocurrency
There is no information asymmetry concern because cryptocurrency is a new type of technology untilizing blockchain techniques to track the money. The information is tranparent between investors and managers.
Investors who purchase the cryptocurrency
No enough information to decide
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