Funding Friday: Token Filings
Public market investors who like to buy into IPOs have Edgar, a database of SEC filings that they can browse through to learn important information on upcoming IPOs.
Investors in token offerings have not had the same thing. Until yesterday.
AVC regular William Mougayar has launched TokenFilings.com which is essentially Edgar for Tokens.
Yesterday we got Coindexter. Today we get TokenFilings.
The crypto community is building stuff that makes this sector more interesting every day.
Reminds me of what the Internet used to be before the big guys took over.
Filings Friday?Nice one William.
irony of harking back to the days ‘before the big guys took over’ – when the broad goal of a majority(?) of the readers here is to either be, or back, a big guy taking over?
Yes, and most of the big guys now – google, facebook .. were small guys during the boom. Now most crypto experiments to fail, but the few which survive will dominate. As Peter Thiel says monopolys are the way to go.That being said I loved the times when internet companies were building new stuff everyday, lot of small players were competing but there was also comradely. It was a brave new world. Same things are happening in the crypto community.
Thanks Fred. And hat tip to AVC community member & my partner, Bill Soistmann for building the site’s capabilities.
Will there be any review and rating system?
maybe…not sure yet about future direction.
Same question as to Jonathan yesterday. What was your inspiration for the color scheme? Thanks!
no logic whatsover. site will go thru a UI/design revamp.
Feels very snappy/quick on mobile. Hat tip to Bill
Nice work William & Bill! Congrats to you both!
Great job both of you! The new token markets need something like this. I seems a bit like AngelList to me.Do you plan to support New Listing suggestions ahead of an ICO, or only afterwards?
both. yes. thank you.
Could use a little “new” icon next to new filings. Could help regular visitors follow what is going on.
“Recently added”is sorted by date, so the new ones will be on top.
Great idea @@wmoug:disqus and Bill Soistmann.I immediately looked at the KIN listing and found 99% of the content missing. What’s the strategy for getting all the content populated? Will owners be able to claim a listing and update it? Hiring Fiverrs to do it? You guys just doing by hand for right now?
yup. they are filling it out. we do both.
This just in:https://www.sec.gov/news/pr…ICO market may have just been killed by regulation… at least, since you can’t transfer the securities, the “tokens” would basically require the company to meet the same reporting requirements as if it did IPO and became a public company. The SEC could also go back and make an example of companies that already did an IPO (such as Brave) for selling tokens to US citizens without registering them, “violating securities laws”. I don’t know what will happen, but I am in touch with a congressman who initially passed the Bitcoin regulation bill. Maybe it makes sense for him to bring this up in the House somehow?Thought you could weigh in:https://news.ycombinator.co…
I gave commentary so you might see something tomorrow, & I will comment on Twitter too. Thanks
@wmoug:disqus – really like it! I hope this develops more. I was planning to do something along these lines, even registered the domain for it. But never found the time or will power. All the best!
Congrats @wmoug:disqus & @bsoist:disqus on the site.
Why not to use Edgar directly?https://twitter.com/niverte…https://twitter.com/niverte…
they don’t have such filing requirements, at this point.
Hi Fred, while it’s probably not a bad idea to create a directory of token offerings, I want to question us using terms borrowed from the financial services industry which adds to the perception that cryptocurrency coins and tokens are securities. Using these terms suggests that the cryptocurrency industry thinks it’s only a matter of time before UCC article 8 or other federal law is updated to reflect this definition. They are not securities. We should not refer to them as if they are securities. They should not be treated by lawmakers or regulators as securities. We don’t know what they are yet. An ICO is not an IPO.
Tokens are just cryptographically-secured alternative to paper certificates. They can be anything from discount coupons to preferred shares.Only tiny percentage of current “ICO” projects are actually usage tokens or have any sensible game theoretic or novel incentive models, the majority of them are securities in disguise.I claim that even ETH might be considered a security as a made-up solution for non-essential Halting Problem:Gas to Ethereum is like Shares to Condominium?https://medium.com/@niverte…
Good stuff. Per my comments to William (from the spreadsheet), it would great if that one-line description would be at the top-level next to each symbol, so someone can quickly see what these apply to.Aragon (ANT) – Aragon lets you manage and govern entire organizations using the blockchain.Propy – Propy.com is dedicated to solving the problems of purchasing property across borders.Thanks for putting this together.
When you say before the “big guys took over” are you including yourself as a big guy?
Schweet. The more clarity and transparency there is, the faster it will grow.
With all these blockchain currencies taking off, I wonder if micropayments as means to pay for content or news (.05 or less) has a chance of taking off. It was previously impossible with bank monopolies charging .25c per transaction.
Thanks for the great info and potential information here !