My special "Blockchain ICO" presentation at the Canadian Crowdfinance Summit in Toronto on March 1, 2017. National Crowdfunding Association of Canada. http://crowdfundingsummit.ca/

1. Blockchain Initial Coin Offerings
The Future for Online Investing or Regulatory Crisis?
National Crowdfinance Summit – Toronto – March 1, 2017
#CCS2017
Alan Wunsche, MBA, CPA, CA, CBP
@alanwunsche
@LeadingK @TokenFunder @BlockchainCAN

2. Audience Poll : Do you “own” any of these ?
@alanwunsche

3. Blockchain has
unleashed global
financial disruption
@alanwunsche

4. Cryptofinance
@alanwunsche

5. Initial Coin Offerings
(ICOs)
The dawn of cryptofinance…
with cryptocurrency@alanwunsche

6. “An ICO is an event in which a new cryptocurrency
project sells part of its cryptocurrency tokens
to early adopters and enthusiasts in exchange for
money today. ICOs provide a way for cryptocurrency
project creators to raise money for their
operations. Most ICOs raise money in Bitcoin or
other cryptocurrencies.”
What are Initial Coin Offerings (ICOs) ?
SmithandCrown.com
@alanwunsche

7. Token: 1ST Raised: $ 5.4M Date: Oct.2016
US
FirstBlood is an eSports project that allows
users to compete in online games
Platform: Ethereum
0xAf30D2a7E90d7DC361c8C4585e9BB7D2F6f15bc7
@alanwunsche

8. Token: SNGLS Raised: $7.5M Date: Oct.2016
CHE
Platform: Ethereum
0xaeC2E87E0A235266D9C5ADc9DEb4b2E29b54D009
@alanwunsche

9. $US 8.6 million
in 29 minutes
0xa74476443119A942dE498590Fe1f2454d7D4aC0d
___________ raised
CHE
@alanwunsche

10. >$US 200 million Raised
The DAO (2016)
• ~$250 Million
• Not included in chart
@alanwunsche

11. How do ICOs
Work?
@alanwunsche

12. Smart Tokens are Blockchain Software Code
@alanwunsche

13. Smart Tokens: A Disintermediating Force
Investor sends cryptocurrency to a smart token Company accesses cryptocurrency held in token
Smart Token records investor as token holder
1
2
3
0xda0aed568d9a2dbdcbafc1576fedc633d28eee9a
0xa74476443119A942dE498590Fe1f2454d7D4aC0d
@alanwunsche

14. Investment without Permission
PAY HERE @alanwunsche

15. ICO Myth: Blockchain Means Anonymity
@alanwunsche

16. Why are
ICOs
taking off?
@alanwunsche

17. Crossing into the Cryptocurrency Space
Immutable, auditable
Low cost liquidity
Global platforms
2017 © TokenFunder
@alanwunsche

18. Tokens will Power Applications
STAMP
Smart Token Asset
Management Platform
2017 © TokenFunder
@alanwunsche

19. What could go wrong?
@alanwunsche

20. ICOs are being
launched in
Unregulated
jurisdictions
@alanwunsche

21. Regulatory Arbitrage
No KYC
No Investor Protection
Full KYC
Investor Protection
Many Unregulated ICOs A few (legal?) ICOs
@alanwunsche

22. 1930
Truth in
Securities Law
(1933)
1980
Deregulation
“The Greenspan Era”
(1987-2006)
“Dodd Frank”
Wall Street Reform and
Consumer Protection
Act
(2010)
IPO’s CDO’s ICO’s
(2014 -
Securities Fraud
Prevention Act
(1928)
1920 2010
Financial
“Innovation”
Regulations
Bitcoin
(2009)
1990…. ….
Are blockchain
coins and tokens
securities?
2014 2016
Financial History Repeats Itself
ITO’s
(2017 -
@alanwunsche

23. Capital knows no
borders
@alanwunsche

24. www.tokenfunder.io
From ICOs to ITOs
Canadian-based Initial Token Offerings Coming Soon

25. @alanwunsche
@LeadingK @TokenFunder @BlockchainCAN
Blockchain Initial Coin Offerings
The Future for Online Investing or Regulatory Crisis?