The American Economic Association held a block-chaining session with cryptography on January 4 (local time). Cryptography can be seen as a stronger presence in the mainstream economics society.
(Cryptocurrencies: Stylized Facts on a New Investor Instrument), ICO Theory: Cryptocurrencies (Cryptocurrencies: Stylized Facts on a New Investor Instrument) Four articles have been published: Diversification, Agency, and Information Asymmetry, and Dynamic Compensation for Decentralized Contribution.
Among them, the ICO Theoretical Paper mentions the possibility of replacing traditional venture capital with ICO. If the diversity of venture capital investors is compromised and there is no asymmetry between the entrepreneur and the ICO investor, then ICO sees the potential for success as a new funding tool.
The ICO market has been in a recession for the past year. In the third quarter of last year, the amount of ICO procurement fell sharply, and overall it was evaluated as desperate. However, there is also an expectation that the ICO will be revived recently. Binnance recently announced plans to list tokens at least once a month. For more information, please click here .