The article by Busgang and Nanda (2018) named “The Hidden Costs of Initial Coin Offerings” discusses the costs and benefits of conducting a large ICO. In defending the large ICOs, the authors state that “Some observers have pointed out that blockchain projects may have an inherent incentive and strategic reason to be more aggressive in raising capital earlier in the experimentation process. Those benefits fall into three categories: …” Which of the following is not one of these three categories listed in the article?

Question

The article by Busgang and Nanda (2018) named “The Hidden Costs of Initial Coin Offerings” discusses the costs and benefits of conducting a large ICO. In defending the large ICOs, the authors state that “Some observers have pointed out that blockchain projects may have an inherent incentive and strategic reason to be more aggressive in raising capital earlier in the experimentation process. Those benefits fall into three categories: …” Which of the following is  not  one of these three categories listed in the article?

Answer

To jumpstart network effects that provide a first-mover advantage.

Answer

To enable communities of software developers to self-finance without relying on a venture capital, which is a similar idea to open source initiatives like crowdfunding.

Answer

To generate publicity that allows them to solicit broad feedback on their beta product.

Answer

To create a decentralized governance structure that is inherently beneficial to the nature of the project.

Crowdly

The article by Busgang and Nanda (2018) named “The Hidden Costs of Initial Coin ...

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