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Introducing truly outlandish ICO claims, TokenCard edition

Summary:
Last week, an initial coin offering (ICO) for something* called TokenCard raised** .7m in “mere minutes”, according to the PR spin embedded in the emailed correspondence to this reporter following the event.It was brought to market by an outfit called Monolith Studio, which until recently had offered sparse information about who was behind it, apart from a loose connection to Peter Vessenes, bitcoin investor and founder of something called “New Alchemy” (no less).As is increasingly common in the promotion of these launches, a proposal pitching exclusive details ahead of the offering was made to the press. This, from April 19, being an example from our own inbox (with Monolith calling itself Monolith Ventures):Details revealed over the next few weeks showed the project was the brainchild

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Last week, an initial coin offering (ICO) for something* called TokenCard raised** $16.7m in...

Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

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