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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| Format: | Article |
| Language: | English |
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The British Blockchain Association
2019-01-01
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| Series: | The Journal of The British Blockchain Association |
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| Online Access: | https://jbba.scholasticahq.com/article/7180-valuation-method-of-equity-based-security-token-offerings-sto-for-start-up-companies |
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