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Most ICOs Retain Centralized Control, Break Whitepaper Promises, Academic Report Shows

Published 07/18/2018, 12:35 PM
Updated 07/18/2018, 12:41 PM
Most ICOs Retain Centralized Control, Break Whitepaper Promises, Academic Report Shows

Initial Coin Offerings (ICO) “failed” to provide protection against insider trading or stick to their whitepaper promises, a new report from the University of Pennsylvania Law School released July 17 reveals.

The lengthy study of the ICO phenomenon, dubbed “Coin-Operated Capitalism,” begins with a frank appraisal of investor expectations versus reality, the four contributing professors finding basic inconsistencies in the behavior of a “significant” number of projects.

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