Free eBook – ICO LAWS AND COMPLIANCE – ICO Regulations and Legal Framework – Blockchain Law – Legal Aspects of Cryptocurrency and ICO – Initial Coin Offering

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Opinion on Utility Tokens

Token objectives

Review the specific objectives of the utility tokens

token is not security

It is crucial to establish that the token is not a security token

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Utility Tokens Analysis

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Initial Coin Offerings


With the contemporary world moving to digitalize their operations by utilizing various advancements that are now available in their specific sectors, Cryptocurrency has gained new meaning in the market. After Bitcoin and Ethereum sweeping the market as forms of cryptocurrency, now Initial Coin Offering (ICO) have become the rising trend. Even though they are very risky ventures due to their potential to face scams, they are becoming popular in today’s cryptocurrency industry as they allow the raising of funds where an enterprise is looking to raise the same to create a new coin, app or service launch. Investors can purchase the offering and get a cryptocurrency token issued by the company, which in turn is employed to utilize the product or service of the enterprise or simply present a share in the company.



ICO Fundraising

Since ICOs have grown as popular fundraising techniques that are primarily utilized by blockchain start-ups wanting to provide products and services normally concerning cryptocurrency and blockchain, they sometimes have the utility of a software service. Some ICOs have brought back substantial profits to their investors but at the same time, several have turned out to be fraud or performed very poorly. To take part in an ICO the enterprise must purchase a digital currency initially and have the primary understanding of how to utilize cryptocurrency wallets and exchanges. Since ICOs are still not entirely regulated, investors must carry out due diligence when evaluating and investing in an ICO. When a start-up wants to raise funds via ICO it generally formulates an outline which lays down what the project entails, the need for the undertaking, the amount of the virtual tokens the creator will withhold, the kind of money accepted and the length of the campaign.

In the campaign period, enthusiasts and supporters of the undertaking purchase some of the tokens with fiat or digital currency. These coins are seen as tokens and are identical to stakes of a company traded to investors in an IPO. If the raised funds do not fulfil the minimum requirements of funds, the money is returned to the backers and the ICO is labelled as unsuccessful. If the raised money meets the required fund limit within the specified timeframe, the money raised is utilized to pursue the objective of the undertaking.

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Free book to review contents of legal opinion on utility tokens for blockchain technology applications.

Private Blockchain

Private blockchains are conveyed either in an association or shared between a known assemblage of members. Private blockchains can be restricted to a definite set of members. For this situation, nobody else can get to the blockchain or the information vested in the blockchain. These blockchains can be protected about likewise making sure about other incorporated venture applications, or example firewalls, VPN, and so on.

Private Blockchain App

A private blockchain application is a mix of at least one Smart Contracts, and some customer code to call and present the application crossing point to a client. They are creating applications utilizing node.js, and these can be introduced as web applications that run in any program.

Mining about Blockchain

Mining is used as confirmation of work for members in the blockchain. At whatever point a block of exchanges is to concur, each partaking hub endeavors to ‘mine’ the block, a numerical algorithmic procedure that requires broad CPU limit. In public blockchains, effective mining is compensated with a digital currency token.

Mining and the subsequent cryptographic money tokens may not be required in private blockchains, where the parties are as of now important, as in one knows what their identity is and they(company) despite everything probably won’t trust them with regards to endeavouring to change the exchange history. Mining would go through exorbitant CPU assets for no addition. Blocks could at present be made and concurred by accord without the CPU overhead of preparing misleadingly troublesome calculations made to forestall a 51% hit.

Ethereum with Blockchain and Cryptocurrency

Ethereum is a gathering of extraordinarily smart people who have built up the subsequent and coming age of blockchain and digital money. The Ethereum venture includes a huge single system, like a Bitcoin, and runs on cryptographic money that can be mined (Ether). Taking a gander at sending private systems of the Ethereum blockchain in associations, or across a little foreordained assemblage of associations.


ICO Regulations and Legal Framework

Blockchain Law

Legal Aspects of Cryptocurrency and ICO

Initial Coin Offering

Initial Coin Offerings (ICO) and Cryptocurrencies are attracting investors at an exciting pace, whereas regulatory aspects of ICO and cryptocurrency present major challenges across various nations. This write-up is aimed at discussing legal, tax, accounting, know your customer (KYC), anti-money laundering (AML) and business due diligence aspects for the FinTech (Financial Technology) sector, with a special focus on ICO and Cryptocurrencies. 

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Global Blockchain Lawyers are also required to draft legal documents (agreements and contracts) for the sale of ICO tokens and coins, including website terms, privacy policy, terms of use, ICO Private Placement Offering Document, pre-Crowd Token Offer (Pre ICO), Crowd Token Offer Agreement (ICO), in addition to writing ICO legal opinion letters.

Global Blockchain Lawyers ( is a digital platform to discuss legal issues, latest technology and legal developments, and applicable laws in the dynamic field of Digital Currency, Blockchain, Bitcoin, Cryptocurrency and raising capital through the sale of tokens or coins (ICO or Initial Coin Offerings).

Blockchain ecosystem in India is evolving at a rapid pace and a proactive legal approach is required by blockchain lawyers in India to understand the complex nature of applicable laws and regulations.

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Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at rd (at) patentbusinesslawyer (dot) com & @rdpatentlawyer on Twitter

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