Interactive coin offerings

Ethereum has emerged as a dynamic platform for exchanging cryptocurrency tokens. While token crowdsales cannot simultaneously guarantee buyers both certainty of valuation and certainty of participation, we show that if each token buyer specifies a desired purchase quantity at each valuation then eve...

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Bibliographic Details
Published in:arXiv.org 2019-08
Main Authors: Teutsch, Jason, Buterin, Vitalik, Brown, Christopher
Format: Article
Language:English
Online Access:Get full text
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Summary:Ethereum has emerged as a dynamic platform for exchanging cryptocurrency tokens. While token crowdsales cannot simultaneously guarantee buyers both certainty of valuation and certainty of participation, we show that if each token buyer specifies a desired purchase quantity at each valuation then everyone can successfully participate. Our implementation introduces smart contract techniques which recruit outside participants in order to circumvent computational complexity barriers.
ISSN:2331-8422