ICO / IDO / IEO / ILO / INO
Many cryptocurrency projects involve issuing a native cryptocurrency or token which helps them raise funds for further growth, development or maintenance of the network/project/ecosystem. The platform and manner adopted to launch the cryptocurrency tokens have undergone significant changes compared to the initial trend started in 2016 – 17.

Initial Coin Offerings (ICO) happened to be the most popular choice to raise funds initially, however, other methods including Initial DEX Offering (IDO) and Initial Exchange Offering (IEO) are also being frequently opted now by the crypto projects. Many of the DeFi platforms which encourage buyer of the tokens to contribute to the liquidity pool of the protocol choose to sell tokens through Initial Liquidity Offering (ILO).

ICOs and other forms of Token sale are now regulated in many jurisdictions and certain cryptocurrency tokens having characteristics of securities may trigger additional registration approval requirements. In few jurisdictions like the USA, ICO is to be mandatorily registered before being offered to the public. There are also many jurisdictions where launch of Tokens through ICO / IDO / IEO / ILO / INO are unregulated as there is no specific regulations in this regard; however, registration and certain compliances under securities and under laws may get triggered depending on the functions, utility and characteristics of the particular token.

OUR SERVICES RELATING TO TOKEN LAUNCH INCLUDE:

  • Legal review and analysis of token and its possible characterisation
  • Advisory services relating to appropriate corporate structuring and incorporation of token issuing entity
  • Documentation and liasoning with centralised and decentralized exchanges for token listing
  • Security analysis and tokenomics review

RECENT BLOGS

Lessons from the FTX Collapse

Lessons from the FTX Collapse The FTX collapse is a major blow to the crypto industry. It is a reminder that the industry is still in its early stages and

February 3, 2024

De-freezing bank accounts of crypto P2P traders: A Legal primer

De-freezing bank accounts of crypto P2P traders: A Legal primer Introduction Peer-to-Peer (P2P) crypto transactions executed by Indian traders have reportedly increased significantly in the last few years. These P2P transactions

February 3, 2024

FIU Registration of VDA Service Providers

FIU Registration of VDA Service Providers Introduction Regulatory landscape for cryptocurrencies i.e. virtual digital assets (VDAs) has significantly evolved in India in the last two years. Though a VDA specific

January 23, 2024

Are Payment gateways ‘reporting entities’ under PMLA?

Are Payment gateways 'reporting entities' under PMLA? Introduction Should a word or a phrase defined similarly in two different statutes be interpreted differently? Hon’ble Delhi High Court has answered this

July 28, 2023

An Overview of DAO Legal Wrappers

An Overview of DAO Legal Wrappers Exploring the Benefits of DAO Legal Wrappers for BusinessesBusinesses are increasingly turning to decentralized autonomous organizations (DAOs) to take advantage of the many benefits

February 28, 2023
Scroll to Top