Anyone can hold ICOs
One of the most engaging characteristics of an ICO is that anyone can use this method of raising funds be it an individual, partnership, a company, or even a Decentralized Anonymous Organization. As long as the team (or one person) behind the ICO have the technical capacity to create tokens, no inherent restriction could deny them the opportunity to crowdsource a Bl.
Blockchain venture. Additionally, the folks running the ICO are not required to identify themselves (and neither are the investors).
The first Decentralized Autonomous Organization (DAO) has already died. The first DAO which was simply called “The DAO” was launched in April, 2016 and appealed to more than 11,000 investors who funded more than $150 million worth of ether to the ICO. The project was a smart contract system built on Ethereum and was to function as a community-managed venture fund but sadly, the DAO got hacked and the project ended after a hard fork was executed to retrieve the lost funds.
Application or Utility Tokens
The application tokens work on Ethereum and can be issued on the application layer through smart agreements. They are typically called complex D-APP tokens or complex D-A-O tokens. These tokens are services or units of services that can be secured. The simplest way to put them in some context is to look at utility tokens as Application Programming Interface (API) keys used to access the service. Utility tokens represent a way to fund projects and are sold in token sales (ICOs) in trading of digital currencies.
Asset-backed Tokens (and can be Tokenized Securities)
These tokens are the digital form of physical assets. They can be distributed onto a Blockchain by a corporation for later saving. All transactions of these tokens being passed between folks are recorded on the Blockchain. To claim the benefit, the token owner sends it to the issuer, and the issuer sends back the asset.
It is very important to note that tokens can represent any asset: an insurance policy, a fiat currency (dollar, pound, euro, etc.), a promise of a product during a crowd sale or more.
