Interactive coin offerings
This addresses the challenge of fair and efficient token offerings in cryptocurrency for developers and investors, representing a novel approach rather than an incremental improvement.
The paper tackles the problem of token crowdsales on Ethereum by proposing a method where buyers specify purchase quantities at different valuations, enabling simultaneous certainty of valuation and participation for all participants. The implementation uses smart contracts to involve outside participants, overcoming computational complexity barriers.
Ethereum has emerged as a dynamic platform for exchanging cryptocurrency tokens. While token crowdsales cannot simultaneously guarantee buyers both certainty of valuation and certainty of participation, we show that if each token buyer specifies a desired purchase quantity at each valuation then everyone can successfully participate. Our implementation introduces smart contract techniques which recruit outside participants in order to circumvent computational complexity barriers.