What are the different types of underwriting agreements in the cryptocurrency industry?

3 answers

• McCarthy EhlersJul 22, 2024 · 2 years ago
  Underwriting agreements in the cryptocurrency industry can take several forms, including firm commitment underwriting, best efforts underwriting, and standby underwriting. Firm commitment underwriting involves the underwriter guaranteeing the sale of a certain number of securities at a specified price. Best efforts underwriting means that the underwriter will make their best effort to sell the securities, but there is no guarantee of a successful sale. Standby underwriting is when the underwriter agrees to purchase any unsold securities in an offering. Each type of underwriting agreement serves a different purpose and offers varying levels of risk and reward for both the issuer and the underwriter.
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• Francisco EmersonOct 12, 2020 · 5 years ago
  In the cryptocurrency industry, underwriting agreements are used to facilitate the sale of tokens or coins during an initial coin offering (ICO) or a token sale. These agreements help ensure that the offering is conducted in a compliant manner and that investors have access to all necessary information. Underwriting agreements also provide a level of confidence to potential investors, as they know that a reputable underwriter is involved in the process. This can help attract more investors and increase the overall success of the offering.
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• Dugan HuntMay 26, 2023 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers underwriting services to projects in the cryptocurrency industry. Through its underwriting agreements, BYDFi helps ensure the successful sale of tokens or coins during ICOs and token sales. The underwriting agreements provided by BYDFi include firm commitment underwriting, best efforts underwriting, and standby underwriting, depending on the specific needs of the project. BYDFi's expertise and reputation in the industry make it a trusted partner for projects looking to raise funds through token sales.
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