Since the first initial coin offering in March 2017, ICOs have taken off as the latest and greatest way to raise venture capital. ICOs offer exciting potential for financial inclusion. Current regulations can create a high threshold for participation in venture capital in attempts to protect from schemes, and from people losing their entire fortunes. ICOs go around this, and many have wondered if the ICO could be a new form of Ponzi scheme. Those highly involved in ICOs vehemently disagree, and are looking at the ways that ICOs encourage a financial inclusion and openness that has never been available to investors before.
Today, we’re talking to George Burke and Chandra Duggirala, founders of Aqua Foundation, Kenzi Wang, co-founder of Superbloom Capital, and David del Ser, director of Inclusive Fintech, and of the Catalyst Fund from BFA. We’re getting the view of ICOs from those who see the possibilities and want to make sure that the good always outweighs the bad.
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