Risk management in the financing of ICO projects: Prospects for the use of modern technologies in Kazakhstan

Abstract

The article discusses the potential risks when investing in projects and ICO. The initial coin offering (ICO) is a new way for startups to raise funds and for blockchain startups, perhaps the predominant way. This new method of fundraising has only been around for a couple of years and has already enabled entrepreneurs and innovators to raise billions of dollars from global investors. The relevance of the article is to determine the advantages in the financing of ICO projects and to determine their elimination by determining the main risks arising from the financing. Analyzing the financing on foreign experience, to determine the prospects of ICO projects implemented in Kazakhstan. The purpose of this article is to determine the factors affecting the development of the economy in the financing of ICO projects. The need to study the nature of risk management in the financing of ICO-projects will allow to understand in more detail the prospects for the use of modern technologies in Kazakhstan.