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November 01, 2017, 03:16:30 PM |
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Hi, My question is about ICOs, not about Ethereum itself. Say, a company issues shares (like Microsoft). They are linked to price of company assets via rules and regulations, right? Share holders have right of vote, they receive dividends that are fully controllable by accounting that a public company MUST make public according to the law. So the price of a share can be calculated, give or take.
Now the question. Am I correct assuming that a token issued via ICO is not related to a company issuing it, and the company has no obligations whatsoever to pay anything? Like... there are exchanges, buying and selling tokens, and price of those tokens moves up an down according to company news, but the relation is just the hype. No obligations to pay dividends, no nothing...
Or am I missing something?
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