Kriteriji presoje začetne ponudbe kripto žetonov
Povzetek
Visoko tehnološka podjetja, ki delujejo na področju tehnologije veriženja blokov, za zbiranje zagonskega kapitala uporabljajo začetne ponudbe kripto žetonov (ICO). Gre za povsem nov način zbiranja sredstev, ki pa je v zadnjih dveh letih dobil nepričakovane razsežnosti, saj se je v zagonska podjetja samo v letu 2017 prelilo več kot pet milijard dolarjev kapitala. Postopek ICO ni standardiziran, področje je slabo regulirano, večina podjetij nima preverljive zgodovine, marsikatere sicer inovativne ideje pa so težko izvedljive. Navkljub omenjenim grožnjam pa je preteklost pokazala, da je marsikateri projekt zgodnjim vlagateljem prinesel visoke donose, kar je tudi ključna motivacija večine današnjih vlagateljev v nove tehnologije. V prispevku definiramo ključne kriterije in merila, združene v večparametrski odločitveni model, ki omogoča transparentno in verodostojno evalvacijo projektov ICO.
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Avtorske pravice (c) 2022 Sebastian Lahajnar, Alenka Rožanec
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