Cheap signals in security token offerings (STOs)

Blockchain-based security token offerings (STOs) provide a new way of crowdfunding and corporate financing. Tokens are immediately transferable and can be traded 24/7 on secondary markets, clearing and settlement is a matter of only a few minutes, tokens can be held personally, i.e. brokers and cust...

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Bibliographic Details
Main Authors: Lennart Ante, Ingo Fiedler
Format: Article
Language:English
Published: AIMS Press 2020-12-01
Series:Quantitative Finance and Economics
Subjects:
Online Access:https://www.aimspress.com/article/10.3934/QFE.2020028?viewType=HTML