Valuation Method of Equity-based Security Token Offerings (STO) for Start-Up Companies

In this paper, we develop a novel valuation method of equity-based securities token offerings (STO) for start-up companies. The closed-form discount rate function discovered in this paper is time-dependent and piecewise. The first part of the functionis exponential; the second part is a po...

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Bibliographic Details
Main Author: Jay Pazos
Format: Article
Language:English
Published: The British Blockchain Association 2019-01-01
Series:The Journal of The British Blockchain Association
Subjects:
STO
Online Access:https://jbba.scholasticahq.com/article/7180-valuation-method-of-equity-based-security-token-offerings-sto-for-start-up-companies