The recent ICO for the Bitcoin yield farming chain, Corn, signifies a resurgence in initial coin offerings (ICOs). With its recent token sale being oversubscribed by seven times, Corn attracted nearly 4,300 applicants seeking $69 million in allocations, ultimately accepting $8.3 million from around 700 investors. Corn operates as a yield farming network using tokenized wrapped bitcoin, BTCN, as its native asset. The ICO process was facilitated through the Legion platform, which emphasizes merit-based connections between projects and investors. This round included existing backers from earlier venture rounds, ensuring equitable access without opaque insider deals. Chris Spadafora, founder of Corn, highlighted the initiative's straightforward approach, where all investors faced the same contract terms regardless of investment size. The offering's transparency contrasts sharply with the often problematic ICO practices observed during the 2017-2018 boom, hinting that a more open and fair ICO landscape could be emerging with Corn leading the charge.

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