Initial Coin Offering (ICO) has become global. Cryptocurrencies are offered to finance projects in the blockchain arena. This crypto-phenomenon challenges traditional capital raising and investment mechanisms and many strongly believe in its potential. This paper analyses some key characteristics of ICOs and investigates potential risks. It also examines the shift from traditional mechanisms to “cryptos” and studies several features of blockchains. An overview on trust is provided to detect some trust-enhancing and trust-diminishing aspects of technologies. Finally, cryptology is discussed to test cryptocurrencies’ potential as objects of trust.
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