Application coins, or “appcoins,” are being minted at an astounding rate. Many of these coins have gone through a fundraising process named Initial Coin Offering (ICO), token sale, or token distribution event.
The company behind the 0x project, Zero Ex Intl, recently raised US$24 million in a token sale utilizing a sybil-resistant distribution process by using Linny Vingham’s Civic mobile application. 50% of a total 1 billion tokens were distributed to sale participants, who were limited to 20 ether’s worth of ZRX per account.
Application coins, or “appcoins,” are being minted at an astounding rate. Many of these coins have gone through a fundraising process named Initial Coin Offering (ICO), token sale, or token distribution event.
The company behind the 0x project, Zero Ex Intl, recently raised US$24 million in a token sale utilizing a sybil-resistant distribution process by using Linny Vingham’s Civic mobile application. 50% of a total 1 billion tokens were distributed to sale participants, who were limited to 20 ether’s worth of ZRX per account.
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