By Scott Farrell Urszula McCormack and Stanley Zhou King & Wood Mallesons
1. ICOs sell blockchain tokens (or coins)…
A token is an intangible asset stored on a blockchain which entitles a token holder to a bundle of rights (and possibly liabilities) set out in smart contracts and other relevant documentation (such as an offering document or a whitepaper).
Continue Reading 10 things you need to know about Initial Coin Offerings (ICOs)