Week in Ethereum News
December 18, 2016

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Token Sales

  • Two white papers released:
    • iEx.ec – distributed computing
    • Etherisc – decentralized insurance
  • Gnosis unveils its modified Dutch auction token sale mechanics
  • Mysterium sells out its pre-token token sale quite quickly.
    • To elaborate on last week’s comments that I didn’t like this deal structure: I don’t like the idea of putting value into a project that has locked in future funding terms that it might not be able to hit (thus unnecessarily crippling itself and ruining the value I put in).
    • Given the state of the Ethereum token sale market, this probably isn’t a huge danger for them, but guaranteeing future funding prices is not a good model.
    • Why’d they hit it so quickly?  Probably three things:
      • Techgeek type of project
      • Attracted some flippers who figure Mysterium will hold the full token sale, and thus they can exit early.
      • Low ask
  • Coinbase’s Token Sale Law Framework is back up permanently.  If you’re going doing a token sale at any point, you should have this bookmarked.

General

Dates of note                                                                                                

[I aim for a relatively comprehensive list of Ethereum sales, but make no warranty as to even whether they are legit; as such, I thus likewise warrant nothing about whether any will produce a satisfactory return. This is not investment advice.]                                                                                             

1000 subscribers by year end?                                                            

Over the last 3 weeks when I announced the 1000 subscribers goal, we went from 650 subscribers to 980.

Awesome! I’m hoping to wrap it up by Christmas.

If this issue was useful to you, would you share it on social media or email it to a friend to make sure we hit 1000?

Just in case you want to send Ether (or tokens?):  0x96d4F0E75ae86e4c46cD8e9D4AE2F2309bD6Ec45