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.
Переведенное названиеЦифровая трансформация: статистическая оценка факторов успешности ICO-компании
Язык оригиналаанглийский
Название основной публикации2nd International Scientific Conference on Digital Transformation on Manufacturing, Infrastructure and Service, DTMIS 2018
ИздательIOP Publishing Ltd.
Число страниц7
DOI
СостояниеОпубликовано - 2019
Событие2ND INTERNATIONAL SCIENTIFIC CONFERENCE ON DIGITAL TRANSFORMATION ON MANUFACTURING, INFRASTRUCTURE AND SERVICE, DTMIS 2018 - Санкт-Петербургский политехнический университет Петра Великого, Saint-Petersburg, Российская Федерация
Продолжительность: 21 ноя 201822 ноя 2018

Серия публикаций

НазваниеIOP Conference Series: Materials Science and Engineering
ИздательIOP Publishing
Номер1
Том497
ISSN (печатное издание)1757-8981

конференция

конференция2ND INTERNATIONAL SCIENTIFIC CONFERENCE ON DIGITAL TRANSFORMATION ON MANUFACTURING, INFRASTRUCTURE AND SERVICE, DTMIS 2018
Страна/TерриторияРоссийская Федерация
ГородSaint-Petersburg
Период21/11/1822/11/18

    Предметные области Scopus

  • Социальные науки (все)

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