#23, June 8: Initial Coin Offerings - Innovative Investment or Risky Security?
Date: June 8, 2017 19:00 - 21:00
Location: Garage Society, 19/F, 199 Queen’s Road Central, Sheung Wan, Hong Kong
(Short walk from Exit A2, Sheung Wan)
Panelists:
Urszula McCormack, Partner, King & Wood Mallesons
Arthur Hayes, CEO, BitMEX
Adam Vaziri, Director, Diacle
Gavin Yeung, Founder, Cryptomover
Initial Coin Offerings (ICOs) are enabled by smart contracts, usually on the Ethereum blockchain. Tokens are often sold prior to any software development with the expectation that the token will later be needed to use the product. Some projects have raised millions in a few minutes, while other reached multi-billion dollar evaluations in post-ICO trading, racketing up big profits for the early investors despite any projects being built. Their legality in the context of securities law has yet to be determined.
This is a free event.
