Six Alternatives to an Initial Coin Offering

Whenever a new musical movement emerges – punk; nu-metal; emo – bands lumped into the genre rush to distance themselves from it. Something similar has happened with ICOs: everyone’s in them, but no one wants to admit to being in them. Instead, we have the spectacle of projects dressing their ICO up as a “token generation event” and other euphemisms. Some of the alternative nomenclature is an attempt to avoid legal repercussions, but more often it’s an attempt to avoid being tarred with the same brush as the scammy ICOs that have ruined the name for everyone. According to author Kai Sedgwick, the six alternatives to the tried, tested, and tired ICO are:

  1. Security Token Offering (STO)
  2. Interactive Initial Coin Offering (IICO)
  3. Initial Supply Auction
  4. Simple Agreement for Future Tokens (SAFT)
  5. Airdrop
  6. No ICO

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