Smith + Crown and Debevoise & Plimpton will be hosting a workshop for entrepreneurs seeking to leverage the power of tokenization. Smith + Crown is a blockchain research, data, and consulting group focused on public blockchain technologies. Debevoise & Plimpton is an international law firm with a leading blockchain and token sale practice.
We have previously hosted a version of this workshop in San Francisco and due to popular demand, are expanding to Los Angeles on July 20th and New York on August 3rd. We are also offering a webcast for both events.
Why token sales are important
Token sales have become an increasingly popular way of financing early stage companies and projects. Since the first token sale launched in 2013, the token sale market has seen consistent and steady growth. In 2016, that growth intensified as both interest in the blockchain industry and the ease of launching new crypto-tokens increased. New companies of virtually every kind–from gaming to finance, medicine to cinema, and social media to supercomputing–have launched token sales to fund their projects. In fact in 2017, token sales eclipsed venture capital as the primary source of early stage funding in the blockchain industry.
Why this session is important
Token sales present unique challenges and opportunities to entrepreneurs. First, designing the token itself involves balancing the considerations of early backers, the founding team, and future users. There is no clear established template for token economic design, and projects around the world are developing novel approaches to tokenize their products.
At the same time, raising capital from outside investors has long been a heavily regulated activity. Layers of laws designed to protect investors exist in some form in many countries around the world. Entrepreneurs should be aware of the regulatory environment and incorporate that knowledge into their token design.
Finally, investors are paying more attention and getting savvier. They are asking questions of token projects that traditional investors don’t ask, and people from around the world are publishing their opinions across multiple forums.
The evening will be valuable to anyone interested in integrating tokens into their business model and anyone who is simply interested in the token sale market.