Sell ideas in Blockchain
In recent years, many new cryptocurrencies have gradually emerged in the market.
Although more than sixty per cent of projects are in the idea stage, cryptocurrency start-ups still raised a significant amount of funds by launching an Initial coin offering (ICO). However, due to the deficiencies of the existing ICO models and high risk of the project, many cryptocurrency start-ups fail to raise funds with frequent occurrence.
The goal of this project was to design an optimal ICO mechanism to increase the success rate of launching an ICO. A user model was created according to the real-world ICOs data collected at Ethereum. Simulations have been performed to explore mechanism performance.