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The so-called ICO is the initial token raising. On the surface, there is only one word difference between ICO and IPO. In fact, they are basically the same. Of course, issuers will try their best to explain the difference and try to get rid of the suspicion of securities issuance. IPO issues stocks and collects RMB. ICO issues tokens and collects bitcoin. But where does the general public come from? So behind bitcoin is still the legal tender, that is, the renminbi, whether ICO or IPO, is issued for uncertain objects, if only private, then the impact will not be so great, of course, the bubble will not be so great, the wealth effect will not be so great, the social harm is relatively controllable, if we want to say the difference, that is, IPO has supervision, there is a trial, there is disclosure, and ICO Li Xiaolai can raise 180 million US dollars with a plan, with a valuation of 5 billion US dollars, which is known as absolute "5 billion US dollars air". What is this kind of behavior that is not illegal financial behavior? In typical illegal fund-raising, if the management doesn't take action, it is dereliction of duty.
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The Shanghai stock index continued the trend of consolidation today, closing down 0.38% to close at 3371.43. The highest point in the session rose to 3391.64, setting a new stage high again. A total transaction volume of 586.3 billion yuan was achieved in the two cities, with the rise and fall of the industry plate showing each other. It is worth noting that Vanke A shares bucked the market today and soared by 6.99%. It was once close to the trading limit and closed at 27.56 yuan, close to the new high in the year.
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