In conclusion, ICOs are innovative ways to finance a project. They shift the crowdfunding method as we know it today into a decentralized and transparent way of raising money through an unlimited number of investors. Throughout the chapter, we established how effective it is for project leaders seeking leverage to advance the development of their blockchain-based application.
We showed how Ethereum enabled many dApps to be developed and tokens to be issued through their platform, increasing the democratization of ICOs. Also, we mentioned the story of the DAO, a groundbreaking practice to run an investment fund between individuals in a decentralized manner, which unfortunately suffered a massive hack during its ICO and attracted the attention of the US SEC and other financial authorities.
To this extent, we will touch upon an economic and social overview of blockchain in...