Finance 45 4. Returns to investors in initial. Public Health 10 8 Cai.
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Initial coin offerings ICOs are a novel concept that first appeared in with the MasterCoin project proposed by J. Four econometric models were built containing several variables identified as signals of project quality. We confirmed the dependency of ICO projects on the cryptocurrency market. These characteristics allow the democratization of access to capital markets Brochado Furthermore, social capital is crucial for the development of entrepreneurial and innovative digital opportunities Al-Omoush et al.
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