| Title |
An investigation of factors determining the token value in the blockchain-based early funding mechanism / |
| Authors |
Šapkauskienė, Alfreda ; Pakėnaitė, Simona |
| DOI |
10.15458/2335-4216.1005 |
| Full Text |
|
| Is Part of |
Economic and business review.. Ljubljana : University of Ljubljana. 2021, vol. 23, iss. 1, p. 55-67.. ISSN 1580-0466. eISSN 2335-4216 |
| Keywords [eng] |
Initial coin offering (ICO) ; Blockchain ; Weighted least square regression ; Ether ; Bitcoin |
| Abstract [eng] |
The research employs WLS Regression for examining the main determinants of the ICO profitability in the crowdfunding stage. The variables are divided into three main categories: financial and technological aspects, and the ICO characteristics, with the aim of verifying which parts most influence the funds raised. The results imply that financial and technological aspects might indeed have an impact on the ICO profitability. The key factors covered are the open source code availability and the preset hard cap. Overall, the econometric analysis discloses that the amount raised during the ICO is not affected by the availability of a white paper and pre-sales, even though some researchers argue differently. |
| Published |
Ljubljana : University of Ljubljana |
| Type |
Journal article |
| Language |
English |
| Publication date |
2021 |
| CC license |
|
