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AB

Andy Bromberg

03/09/18

@ Y Combinator

Tokens in ICOs serve as an incentive layer on decentralized networks, allowing for trustless transactions without a central authority.

Video

YC

Andy Bromberg - Startup Investor School Day 4

@ Y Combinator

Andy Bromberg - Startup Investor School Day 4

03/09/18

Related Takeaways

AB

Andy Bromberg

09/15/18

@ Y Combinator

Tokens are essential for the functionality of certain networks, as they incentivize users to participate in the ecosystem, such as storing and sharing files.

AB

Andy Bromberg

09/15/18

@ Y Combinator

The ultimate goal of blockchain and tokens is to create a trustless system where no party has to trust another, achieved through proper incentives.

AB

Andy Bromberg

09/15/18

@ Y Combinator

An ICO, or Initial Coin Offering, is a fundraising method where a company issues tokens to raise money for the development of a new network and to ensure early distribution of those tokens.

AB

Andy Bromberg

09/15/18

@ Y Combinator

Tokens and blockchain technology serve as infrastructure for exchanging and transacting value, allowing for programmatic value exchange.

AB

Andy Bromberg

03/09/18

@ Y Combinator

Initial Coin Offerings (ICOs) represent a new trend in early-stage fundraising, allowing companies to raise money online without traditional meetings with investors.

AB

Andy Bromberg

09/15/18

@ Y Combinator

A token is a scarce digital asset that represents ownership, most commonly of a token network, and is launched without any single entity controlling it.

YC

Y Combinator Cast

07/01/17

@ Y Combinator

The current excitement around ICOs and cryptocurrencies reflects a significant shift in how projects can be funded and developed in a decentralized manner.

AB

Andy Bromberg

09/15/18

@ Y Combinator

Unlike penny stocks, many ICO tokens lack a concrete basis for their value, making it challenging for investors to understand what they represent.

AB

Andy Bromberg

03/09/18

@ Y Combinator

Investors are increasingly able to invest in both equity and tokens simultaneously, with evolving structures in the ICO market reflecting this trend.