The ICO and IEO Are Dead. What’s Next for Crypto Fundraising?

So long ICO and your short-lived successor the IEO. It was nice knowing you. We’ll remember the good projects you spawned, but mostly we’ll recall the financial mismanagement, misaligned incentives, regulatory side-stepping, and token-holder acrimony. Regardless of whether you view the ICO era as a net good or bad for the crypto industry, it’s an era that’s now winding down. A trickle of initial exchange offerings will continue into this year, but the golden age of token sales is fading into the rearview mirror. In their place, industry participants are scrambling to find a fairer means of raising capital and

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