A Conversation with Andy Bromberg, Co-founder and President at CoinList
CoinList president Andy Bromberg has witnessed numerous cycles of the token sale market. From the ICO boom in 2017 to the short-lived STO mania the next year. Today, CoinList continues to offer it's platform for firms to conduct token sales for institutional investors, recently facilitating crypto-project Algorand's $60 million offering -- it was one of the largest in recent memory. Bromberg joined The Scoop to discuss how the surge in bitcoin's price has impacted the broader market for token sales, how CoinList's strategy has changed since 2017 and why the once hyped STO market never took off.
Down 94% Since Winter, What Has Happened to ICOs? - Ep.91
After the ICO craze of 2017, such offerings have raised extremely little so far this fall, with total sales in October down 94% since February, according to Token Data. Why? And where to next? Andy Bromberg, president of CoinList, and Marco Santori, president and chief legal officer of Blockchain, discuss the changing nature of token sales. Andy reveals how the projects approaching CoinList have changed over the last year, how investors are changing their approach to due diligence in the space, and how CoinList complies with various regulations. Marco explains the origin of the SAFT framework, what laws would apply outside of securities regulation and why rulings in civil lawsuits and no-action letter are likely the next way we'll get regulatory clarity. We also discuss why the Civil token sale failed, why airdrops could be a better than ICOs for seeding usage on networks and how to figure out which wallets to target in an airdrop. Plus: Marco and Andy disagree on one aspect or how regulation could apply to airdrops.
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Episode Links
Andy Bromberg: https://twitter.com/andy_bromberg
CoinList: https://coinlist.co
Marco Santori: https://twitter.com/msantoriESQ
Blockchain: https://www.blockchain.com
Autonomous Next data on September ICOs down 90% since January: https://next.autonomous.com/thoughts/crypto-september-icos-90-down-from-january-but-venture-funding-is-ray-of-hope
Token Data on October ICOs down 94% since February: https://twitter.com/TokenData/status/1057953301440983040
SAFT project: https://saftproject.com
Previous episode with Marco and Joshua Ashley Klayman including her concerns about the SAFT framework: http://unchainedpodcast.co/how-crypto-and-blockchain-technology-should-be-regulated
SEC Director of Finance Bill Hinman's comments that ether is not a security (5:25): https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html
Jay Clayton's comments that every ICO he's seen is a security: https://www.coindesk.com/sec-chief-clayton-every-ico-ive-seen-security/
Civil token sale: https://tokenfoundry.com/projects/civil
Blockchain's Airdrop program: https://www.blockchain.com/airdrop
CoinList's Airdrops program: https://airdrops.coinlist.co
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The Oslo Freedom Forum in New York: Why Decentralization Matters - Ep.85
In this fascinating and compelling panel on Why Decentralization Matters at the Oslo Freedom Forum in New York, I spoke with Alejandro Machado, a researcher at Zcash; Amber Baldet, founder and CEO of Clovyr, a decentralized software and developer tools company; Andy Bromberg, cofounder and president of CoinList, a compliant token offering platform; and Megha Rajagopalan, correspondent for Buzzfeed and former China bureau chief.
In this discussion, we cover what is happening in authoritarian regimes like China and Venezuela that highlight the importance of decentralized technologies, how people in those countries are using crypto assets, and how technologists think about decentralization and censorship-resistance. We also talk about the usability issues of decentralized technologies and how people in authoritarian regimes can even get access to them. Plus, we also look at how bad state actors are also using the same technology to oppress people or evade sanctions.
Thank you to our sponsors!
StartEngine: https://www.startengine.com
Episode links:
PC Mag story on how cryptocurrency is both "an oppressor and a lifeline" in Venezuela: https://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline
Naval on Unchained talking about how money is now speech: http://unchainedpodcast.co/naval-ravikant-on-how-crypto-is-squeezing-vcs-hindering-regulators-and-bringing-users-choice
Google's Dragonfly project: https://theintercept.com/2018/09/14/google-china-prototype-links-searches-to-phone-numbers/
For more on how decentralization and blockchain technology can help Alex Gladstein of the Human Rights Foundation on Unconfirmed: http://unconfirmed.libsyn.com/alex-gladstein-of-the-human-rights-foundation-on-the-first-crypto-war-ep021
A previous interview with Amber Baldet on Unconfirmed: http://unconfirmed.libsyn.com/sxsw-episode-amber-baldet-blockchain-program-lead-at-jpmorgan-on-the-potential-clash-between-blockchains-and-the-right-to-be-forgotten
A previous interview with Andy Bromberg on Unconfirmed: http://unconfirmed.libsyn.com/coinlists-andy-bromberg-on-the-one-big-regulatory-issue-facing-crypto-ep030
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