Kleros IICO Analysis and Deep Dive


#1

Understanding user behavior in the first Interactive Coin Offering.

We at Kleros recently concluded the world’s first Interactive Initial Coin Offering (IICO). This model, proposed by Jason Teutsch and Vitalik Buterin, attempts to improve on the token sale models previously available, particularly by giving would-be contributors a more fined tuned control over how they want to handle the trade-off between the certainty with which they participate in the sale and the certainty they have over the valuation determined by the sale (so that contributors can refuse to have their contribution diluted beyond a certain point).