kaal:claim:3606663-009

Initial exchange offerings emerged as a market response to the near disappearance of the ICO market in January 2019, driven by the cryptocurrency exchanges that were most affected by the collapse.

Initial exchange offers ("IEO") 66 evolved as a response to the near disappearance of the ICO market in January 2019.

Kaal, Digital Asset Market Evolution (2020), 4. Initial Exchange Offers, p. 20
https://ssrn.com/abstract=3606663 · source PDF

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

• cryptocurrency exchanges
• aftermath of the ICO market collapse in January 2019

mechanismsupport: arguedsecurities-lawdefieconomicsinstitutional-design

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