Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
Digital transformation: statistical evaluation of success factors of an ICO-campaign. / Rasskazova, Albina; Koroleva, Elena; Rasskazov, Sergey .
2nd International Scientific Conference on Digital Transformation on Manufacturing, Infrastructure and Service, DTMIS 2018. IOP Publishing Ltd., 2019. 012087 (IOP Conference Series: Materials Science and Engineering; Vol. 497, No. 1).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
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TY - GEN
T1 - Digital transformation: statistical evaluation of success factors of an ICO-campaign
AU - Rasskazova, Albina
AU - Koroleva, Elena
AU - Rasskazov, Sergey
PY - 2019
Y1 - 2019
N2 - High rates of growth of the ICO market and its excess returns stipulate a significant interest of investors to projects which use initial token allocation (ICO) for attracting investments. This work takes into account the fact that even a potentially profitable project may fail to collect the required amount of money and to start placing tokens on the stock exchange. We are speaking about success of an ICO-campaign for fund raising. In order to estimate the influence of factors and check the suggested research hypotheses, logistic regression was used. The selection included 672 projects. As a dependent variable, the proportion of the amount collected in the ICO process from the required value is selected. Depending on the tested hypothesis the influencing variables took into account the presence of a pre-sale stage and the bounty program and also the price of the token, the upper limit of fund raising, the duration of the ICO-campaign and the number of team members. The work results allow token emitters to substantiate managing the success of the ICO-campaign of the project and the investors to see whether it deserves their attention. Besides, the obtained materials can be useful for specialists in forming the legal framework of token transactions.
AB - High rates of growth of the ICO market and its excess returns stipulate a significant interest of investors to projects which use initial token allocation (ICO) for attracting investments. This work takes into account the fact that even a potentially profitable project may fail to collect the required amount of money and to start placing tokens on the stock exchange. We are speaking about success of an ICO-campaign for fund raising. In order to estimate the influence of factors and check the suggested research hypotheses, logistic regression was used. The selection included 672 projects. As a dependent variable, the proportion of the amount collected in the ICO process from the required value is selected. Depending on the tested hypothesis the influencing variables took into account the presence of a pre-sale stage and the bounty program and also the price of the token, the upper limit of fund raising, the duration of the ICO-campaign and the number of team members. The work results allow token emitters to substantiate managing the success of the ICO-campaign of the project and the investors to see whether it deserves their attention. Besides, the obtained materials can be useful for specialists in forming the legal framework of token transactions.
UR - http://www.scopus.com/inward/record.url?scp=85064876537&partnerID=8YFLogxK
U2 - 10.1088/1757-899X/497/1/012087
DO - 10.1088/1757-899X/497/1/012087
M3 - Conference contribution
T3 - IOP Conference Series: Materials Science and Engineering
BT - 2nd International Scientific Conference on Digital Transformation on Manufacturing, Infrastructure and Service, DTMIS 2018
PB - IOP Publishing Ltd.
T2 - 2nd International Scientific Conference on Digital Transformation on Manufacturing, Infrastructure and Service, DTMIS 2018
Y2 - 21 November 2018 through 22 November 2018
ER -
ID: 42865361