{"id":61428,"date":"2023-12-08T20:25:33","date_gmt":"2023-12-08T11:25:33","guid":{"rendered":"https:\/\/monolith.law\/cs\/?p=61428"},"modified":"2025-12-02T17:11:24","modified_gmt":"2025-12-02T08:11:24","slug":"comparison-ico-ipo","status":"publish","type":"post","link":"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo","title":{"rendered":"V\u00fdhody a nev\u00fdhody ICO ve srovn\u00e1n\u00ed s IPO"},"content":{"rendered":"\n<p>V dne\u0161n\u00ed dob\u011b, kdy se \u010dasto diskutuje o prudk\u00e9m n\u00e1r\u016fstu nebo poklesu cen Bitcoinu a dal\u0161\u00edch virtu\u00e1ln\u00edch m\u011bn, lze \u0159\u00edci, \u017ee virtu\u00e1ln\u00ed m\u011bny z\u00edskaly \u0161irok\u00e9 uzn\u00e1n\u00ed jako jeden ze zp\u016fsob\u016f spr\u00e1vy aktiv. Je pravda, \u017ee riziko i n\u00e1vratnost mohou b\u00fdt vysok\u00e9, a to, jak moc se do toho \u010dlov\u011bk zapoj\u00ed, z\u00e1le\u017e\u00ed na jednotlivci. Nicm\u00e9n\u011b, kdokoli, kdo m\u00e1 z\u00e1jem o investice, by m\u011bl m\u00edt alespo\u0148 n\u011bjak\u00fd z\u00e1jem o vlastnictv\u00ed virtu\u00e1ln\u00ed m\u011bny.<\/p>\n\n\n\n<p>Ale tato virtu\u00e1ln\u00ed m\u011bna nejen \u017ee m\u016f\u017ee b\u00fdt z\u00edsk\u00e1na jako investi\u010dn\u00ed c\u00edl, ale tak\u00e9 m\u016f\u017ee b\u00fdt pou\u017eita jako zp\u016fsob, jak z\u00edskat investice od ostatn\u00edch t\u00edm, \u017ee se stane vydavatelem virtu\u00e1ln\u00ed m\u011bny. Z\u00edsk\u00e1v\u00e1n\u00ed investi\u010dn\u00edch prost\u0159edk\u016f v\u00fdm\u011bnou za m\u011bnu pomoc\u00ed virtu\u00e1ln\u00ed m\u011bny se v IT terminologii naz\u00fdv\u00e1 ICO (Initial Coin Offering). M\u016f\u017ee se \u0159\u00edci, \u017ee rozhoduj\u00edc\u00ed rozd\u00edl mezi virtu\u00e1ln\u00ed m\u011bnou a existuj\u00edc\u00edmi technologiemi, jako je elektronick\u00e9 pen\u00edze, spo\u010d\u00edv\u00e1 v tom, \u017ee umo\u017enila tento nov\u00fd zp\u016fsob z\u00edsk\u00e1v\u00e1n\u00ed financ\u00ed. Tato nov\u00e1 technologie virtu\u00e1ln\u00ed m\u011bny p\u0159edstavuje spole\u010dnosti nov\u00fd zp\u016fsob z\u00edsk\u00e1v\u00e1n\u00ed financ\u00ed. Pr\u00e1v\u011b proto m\u016f\u017ee m\u00edt velk\u00fd vliv na existuj\u00edc\u00ed finan\u010dn\u00ed pr\u016fmysl a vytv\u00e1\u0159\u00ed tak velk\u00e1 o\u010dek\u00e1v\u00e1n\u00ed i obavy.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Spolecne_rysy_IPO_a_ICO\" title=\"Spole\u010dn\u00e9 rysy IPO a ICO\">Spole\u010dn\u00e9 rysy IPO a ICO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Odbornici_na_IPO_jsou_auditovaci_firmy_a_ucetni_co_ale_ICO\" title=\"Odborn\u00edci na IPO jsou auditovac\u00ed firmy a \u00fa\u010detn\u00ed, co ale ICO?\">Odborn\u00edci na IPO jsou auditovac\u00ed firmy a \u00fa\u010detn\u00ed, co ale ICO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Vyhody_ICO\" title=\"V\u00fdhody ICO\">V\u00fdhody ICO<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Vyhoda_1_Jednoduchy_proces_a_snizeni_nakladu\" title=\"V\u00fdhoda 1: Jednoduch\u00fd proces a sn\u00ed\u017een\u00ed n\u00e1klad\u016f\">V\u00fdhoda 1: Jednoduch\u00fd proces a sn\u00ed\u017een\u00ed n\u00e1klad\u016f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Vyhoda_2_Moznost_ziskani_financi_bez_predani_kontrolnich_prav\" title=\"V\u00fdhoda 2: Mo\u017enost z\u00edsk\u00e1n\u00ed financ\u00ed bez p\u0159ed\u00e1n\u00ed kontroln\u00edch pr\u00e1v\">V\u00fdhoda 2: Mo\u017enost z\u00edsk\u00e1n\u00ed financ\u00ed bez p\u0159ed\u00e1n\u00ed kontroln\u00edch pr\u00e1v<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Vyhoda_3_Neni_nutne_provest_na_urovni_spolecnosti\" title=\"V\u00fdhoda 3: Nen\u00ed nutn\u00e9 prov\u00e9st na \u00farovni spole\u010dnosti\">V\u00fdhoda 3: Nen\u00ed nutn\u00e9 prov\u00e9st na \u00farovni spole\u010dnosti<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Nevyhody_ICO\" title=\"Nev\u00fdhody ICO\">Nev\u00fdhody ICO<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Nevyhoda_1_Stale_neni_bezne\" title=\"Nev\u00fdhoda 1: St\u00e1le nen\u00ed b\u011b\u017en\u00e9\">Nev\u00fdhoda 1: St\u00e1le nen\u00ed b\u011b\u017en\u00e9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Nevyhoda_2_Existuje_obava_ze_to_neni_podvod\" title=\"Nev\u00fdhoda 2: Existuje obava, \u017ee to nen\u00ed podvod\">Nev\u00fdhoda 2: Existuje obava, \u017ee to nen\u00ed podvod<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Nevyhoda_3_Stale_existuje_malo_predchozich_prikladu\" title=\"Nev\u00fdhoda 3: St\u00e1le existuje m\u00e1lo p\u0159edchoz\u00edch p\u0159\u00edklad\u016f\">Nev\u00fdhoda 3: St\u00e1le existuje m\u00e1lo p\u0159edchoz\u00edch p\u0159\u00edklad\u016f<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/comparison-ico-ipo\/#Shrnuti\" title=\"Shrnut\u00ed\">Shrnut\u00ed<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Spolecne_rysy_IPO_a_ICO\"><\/span>Spole\u010dn\u00e9 rysy IPO a ICO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Jak\u00fd je konkr\u00e9tn\u00ed proces &#8220;vlastn\u00edho vyd\u00e1v\u00e1n\u00ed kryptom\u011bny&#8221; a &#8220;z\u00edsk\u00e1v\u00e1n\u00ed financ\u00ed pomoc\u00ed kryptom\u011bny&#8221;? Ve skute\u010dnosti je to proces, kter\u00fd se velmi podob\u00e1 existuj\u00edc\u00edmu IPO (Initial Public Offering, tak\u00e9 zn\u00e1m\u00e9 jako ve\u0159ejn\u00e1 nab\u00eddka akci\u00ed). Podrobn\u00fd v\u00fdklad o IPO nech\u00e1me na jin\u00fdch referen\u010dn\u00edch knih\u00e1ch a podrobn\u011bj\u0161\u00edch webov\u00fdch str\u00e1nk\u00e1ch, ale skute\u010dnost\u00ed je, \u017ee pokud m\u00e1te z\u00e1kladn\u00ed znalosti o IPO, bude snaz\u0161\u00ed pochopit ICO. Porovn\u00e1n\u00edm s IPO m\u016f\u017eeme vid\u011bt jak spole\u010dn\u00e9 rysy, tak rozd\u00edly, a zjist\u00edme, \u017ee v\u011bt\u0161ina v\u00fdhod a nev\u00fdhod ICO je vztah mezi dv\u011bma stranami mince.<\/p>\n\n\n\n<p>Pokud jde o spole\u010dn\u00e9 rysy mezi ICO a IPO, prvn\u00ed v\u011bc, kterou bychom m\u011bli m\u00edt na pam\u011bti, je, \u017ee jsou to zp\u016fsoby, jak podnikatel\u00e9 z\u00edsk\u00e1vaj\u00ed finance. Nap\u0159\u00edklad p\u0159i zah\u00e1jen\u00ed nov\u00e9ho podnik\u00e1n\u00ed je v\u011bt\u0161inou pot\u0159eba obrovsk\u00e9 mno\u017estv\u00ed pen\u011bz, co\u017e je samoz\u0159ejm\u00e9. Bez ohledu na to, jak pln\u00e9 jsou sny a nad\u011bje, pokud nejsou dostate\u010dn\u00e9 finan\u010dn\u00ed zdroje k jejich realizaci, mohou se st\u00e1t pouh\u00fdmi iluzemi.<\/p>\n\n\n\n<p>IPO, velmi hrub\u011b \u0159e\u010deno, je zp\u016fsob z\u00edsk\u00e1v\u00e1n\u00ed financ\u00ed t\u00edm, \u017ee se akcie, kter\u00e9 reprezentuj\u00ed \u010d\u00e1st hodnoty majetku spole\u010dnosti, uv\u00e1d\u011bj\u00ed na trh. Pokud mnoho investor\u016f vid\u00ed budoucnost v podnik\u00e1n\u00ed spole\u010dnosti, tr\u017en\u00ed hodnota akci\u00ed se automaticky zvy\u0161uje a spole\u010dnost z\u00edsk\u00e1v\u00e1 finan\u010dn\u00ed zdroje pot\u0159ebn\u00e9 k realizaci sv\u00e9ho podnik\u00e1n\u00ed.<\/p>\n\n\n\n<p>Na druh\u00e9 stran\u011b, ICO je proces, kdy spole\u010dnosti vyd\u00e1vaj\u00ed novou kryptom\u011bnu naz\u00fdvanou token pro z\u00edsk\u00e1n\u00ed financ\u00ed. Struktura, kde se o\u010dek\u00e1v\u00e1 zv\u00fd\u0161en\u00ed hodnoty kryptom\u011bny s r\u016fstem podnik\u00e1n\u00ed, je p\u0159esn\u011b stejn\u00e1 jako vztah mezi akciemi kotovan\u00fdch spole\u010dnost\u00ed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Odbornici_na_IPO_jsou_auditovaci_firmy_a_ucetni_co_ale_ICO\"><\/span>Odborn\u00edci na IPO jsou auditovac\u00ed firmy a \u00fa\u010detn\u00ed, co ale ICO?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Z\u00edsk\u00e1v\u00e1n\u00ed financ\u00ed prost\u0159ednictv\u00edm IPO znamen\u00e1, \u017ee dan\u00e1 spole\u010dnost se st\u00e1v\u00e1 ve\u0159ejn\u011b obchodovanou spole\u010dnost\u00ed. To samoz\u0159ejm\u011b tak\u00e9 znamen\u00e1, \u017ee s t\u00edm mus\u00ed j\u00edt ruku v ruce odpov\u00eddaj\u00edc\u00ed spole\u010densk\u00e1 d\u016fv\u011bra. IPO je realizov\u00e1no a\u017e po p\u0159\u00edsn\u00e9m hodnocen\u00ed ze strany Japonsk\u00e9 finan\u010dn\u00ed slu\u017eby (\u91d1\u878d\u5e81), cenn\u00fdch pap\u00edr\u016f a burz, co\u017e je d\u016fvodem pro tento proces.<\/p>\n\n\n\n<p>Podpora pro IPO spole\u010dnost\u00ed je obecn\u011b pova\u017eov\u00e1na za specializovanou oblast auditovac\u00edch firem a certifikovan\u00fdch \u00fa\u010detn\u00edch. D\u016fvodem je pravd\u011bpodobn\u011b to, \u017ee pro pr\u016fchod p\u0159\u00edsn\u00fdm hodnocen\u00edm pro IPO je u\u017eite\u010dn\u00fd pohled profesion\u00e1la v oblasti \u00fa\u010detn\u00edho auditu.<\/p>\n\n\n\n<p>Na druhou stranu, ICO nevy\u017eaduje p\u0159\u00edsn\u00e9 hodnocen\u00ed nebo slo\u017eit\u00e9 postupy jako IPO. Sp\u00ed\u0161e by se dalo \u0159\u00edci, \u017ee v\u00fdhodou ICO je, \u017ee ho m\u016f\u017ee rychle realizovat kdokoli.<\/p>\n\n\n\n<p>Av\u0161ak, jen proto, \u017ee ICO nevy\u017eaduje slo\u017eit\u00e9 postupy jako tradi\u010dn\u00ed IPO, to neznamen\u00e1, \u017ee nen\u00ed t\u0159eba znalosti administrativn\u00edch postup\u016f nebo pr\u00e1vn\u00edch znalost\u00ed. Nap\u0159\u00edklad, pokud tokeny vyd\u00e1van\u00e9 spole\u010dnost\u00ed odpov\u00eddaj\u00ed &#8220;virtu\u00e1ln\u00ed m\u011bn\u011b&#8221; podle japonsk\u00e9ho z\u00e1kona o platebn\u00edch slu\u017eb\u00e1ch (\u6539\u6b63\u8cc7\u91d1\u6c7a\u6e08\u6cd5), je nutn\u00e9 se zaregistrovat jako poskytovatel slu\u017eeb virtu\u00e1ln\u00ed m\u011bny. Nav\u00edc, i kdy\u017e neodpov\u00eddaj\u00ed virtu\u00e1ln\u00ed m\u011bn\u011b, pokud jsou pova\u017eov\u00e1ny za p\u0159edplacen\u00fd platebn\u00ed prost\u0159edek jako elektronick\u00e9 pen\u00edze, m\u016f\u017ee vzniknout povinnost p\u0159edchoz\u00edho ozn\u00e1men\u00ed nebo povinnost vkladu z\u00e1ruky u st\u00e1tu. Jin\u00fdmi slovy, i kdy\u017e jsou n\u00e1klady a \u00fasil\u00ed spojen\u00e9 s postupy minim\u00e1ln\u00ed, to neznamen\u00e1, \u017ee m\u016f\u017eete d\u011blat cokoli, co se v\u00e1m zl\u00edb\u00ed. V tomto smyslu by se dalo \u0159\u00edci, \u017ee IPO, kde existuj\u00ed jasn\u00e9 pr\u00e1vn\u00ed p\u0159edpisy a pokud postupujete podle &#8220;kolej\u00ed&#8221;, je naopak &#8220;bezpe\u010dn\u011bj\u0161\u00ed&#8221;.<\/p>\n\n\n\n<p>Pr\u00e1v\u011b proto, \u017ee neexistuje \u017e\u00e1dn\u00fd z\u00e1kon, kter\u00fd by p\u0159\u00edmo reguloval ICO, je obt\u00ed\u017en\u00e9 ur\u010dit hranici mezi leg\u00e1ln\u00edm a neleg\u00e1ln\u00edm, a je je\u0161t\u011b d\u016fle\u017eit\u011bj\u0161\u00ed interpretovat z\u00e1kon na z\u00e1klad\u011b z\u00e1kladn\u00edch princip\u016f.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyhody_ICO\"><\/span>V\u00fdhody ICO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vzhledem k v\u00fd\u0161e uveden\u00e9mu, poj\u010fme se pod\u00edvat na v\u00fdhody a nev\u00fdhody ICO. N\u00e1sleduj\u00edc\u00ed body jsou uvedeny z pohledu \u0159\u00edzen\u00ed, za\u010dneme v\u00fdhodami.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyhoda_1_Jednoduchy_proces_a_snizeni_nakladu\"><\/span>V\u00fdhoda 1: Jednoduch\u00fd proces a sn\u00ed\u017een\u00ed n\u00e1klad\u016f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Proto\u017ee nen\u00ed t\u0159eba proj\u00edt schv\u00e1len\u00edm od \u00da\u0159adu pro finan\u010dn\u00ed slu\u017eby, cenn\u00fdch pap\u00edr\u016f nebo burzy, proces je jednoduch\u00fd a m\u016f\u017eete sn\u00ed\u017eit n\u00e1klady na najmut\u00ed \u00fa\u010detn\u00edho.<br> \u2192 To vede k dal\u0161\u00ed v\u00fdhod\u011b, kterou je sn\u00ed\u017een\u00ed ekonomick\u00fdch n\u00e1klad\u016f a mo\u017enost prov\u00e9st to rychle pro kohokoli.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyhoda_2_Moznost_ziskani_financi_bez_predani_kontrolnich_prav\"><\/span>V\u00fdhoda 2: Mo\u017enost z\u00edsk\u00e1n\u00ed financ\u00ed bez p\u0159ed\u00e1n\u00ed kontroln\u00edch pr\u00e1v<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Akcie jsou spojeny s kontroln\u00edmi pr\u00e1vy spole\u010dnosti, ale ICO umo\u017e\u0148uje &#8220;z\u00edsk\u00e1n\u00ed financ\u00ed bez p\u0159ed\u00e1n\u00ed kontroln\u00edch pr\u00e1v&#8221;.<br> \u2192 Kontroln\u00ed pr\u00e1va akcion\u00e1\u0159\u016f jsou stanovena v Japonsk\u00e9m z\u00e1kon\u011b o obchodn\u00edch spole\u010dnostech, ale virtu\u00e1ln\u00ed m\u011bny nemaj\u00ed takov\u00fd syst\u00e9m na pozad\u00ed, tak\u017ee existuje prostor pro individu\u00e1ln\u00ed a svobodn\u00fd design. Nicm\u00e9n\u011b, &#8220;nep\u0159ed\u00e1n\u00ed kontroln\u00edch pr\u00e1v&#8221; znamen\u00e1, \u017ee pokud nen\u00ed rozhodnuto, \u017ee &#8220;ICO m\u00e1 hodnotu investice i bez z\u00edsk\u00e1n\u00ed kontroln\u00edch pr\u00e1v&#8221;, m\u016f\u017ee b\u00fdt t\u011b\u017ek\u00e9 shrom\u00e1\u017edit investice. V r\u00e1mci individu\u00e1ln\u00edho svobodn\u00e9ho designu je t\u0159eba vytvo\u0159it &#8220;v\u00fdhody&#8221; pro investory.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyhoda_3_Neni_nutne_provest_na_urovni_spolecnosti\"><\/span>V\u00fdhoda 3: Nen\u00ed nutn\u00e9 prov\u00e9st na \u00farovni spole\u010dnosti<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nen\u00ed nutn\u00e9 to prov\u00e9st na \u00farovni spole\u010dnosti, je mo\u017en\u00e9 to prov\u00e9st na \u00farovni &#8220;projektu&#8221; nebo &#8220;n\u011bkolika nespojen\u00fdch spole\u010dnost\u00ed&#8221; (i kdy\u017e p\u0159\u00edpady proveden\u00ed v nespojen\u00fdch spole\u010dnostech nejsou v praxi \u010dast\u00e9).<br> \u2192 Akcie odpov\u00eddaj\u00ed kontroln\u00edm pr\u00e1v\u016fm konkr\u00e9tn\u00ed spole\u010dnosti jeden na jednoho, ale virtu\u00e1ln\u00ed m\u011bny nemaj\u00ed takov\u00fd syst\u00e9m na pozad\u00ed, tak\u017ee existuje prostor pro individu\u00e1ln\u00ed a svobodn\u00fd design.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nevyhody_ICO\"><\/span>Nev\u00fdhody ICO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Jako nev\u00fdhody lze uv\u00e9st n\u00e1sleduj\u00edc\u00ed:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nevyhoda_1_Stale_neni_bezne\"><\/span>Nev\u00fdhoda 1: St\u00e1le nen\u00ed b\u011b\u017en\u00e9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Ve srovn\u00e1n\u00ed s lidmi, kte\u0159\u00ed investuj\u00ed do akci\u00ed, z\u00edsk\u00e1v\u00e1n\u00ed financ\u00ed prost\u0159ednictv\u00edm ICO st\u00e1le nen\u00ed b\u011b\u017en\u00e9 a existuje limit pro z\u00edskan\u00e9 prost\u0159edky.<br> \u2192 Nicm\u00e9n\u011b, s ohledem na v\u00fdhodu rychl\u00e9ho p\u0159echodu k realizaci, lze \u0159\u00edci, \u017ee je d\u016fle\u017eit\u00e9 v\u011bnovat se marketingu (nap\u0159\u00edklad pomoc\u00ed webu) pro p\u0159itahov\u00e1n\u00ed pozornosti ve\u0159ejnosti.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nevyhoda_2_Existuje_obava_ze_to_neni_podvod\"><\/span>Nev\u00fdhoda 2: Existuje obava, \u017ee to nen\u00ed podvod<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Proto\u017ee existuje mnoho p\u0159\u00edpad\u016f, kter\u00e9 jsou bl\u00edzk\u00e9 &#8220;podvodu&#8221;, je ur\u010dit\u00fd stupe\u0148 opatrnosti, co\u017e omezuje mno\u017estv\u00ed z\u00edskan\u00fdch prost\u0159edk\u016f.<br> \u2192 Skute\u010dnost, \u017ee kdokoli m\u016f\u017ee prov\u00e9st ICO bez nutnosti p\u0159ekon\u00e1vat p\u0159\u00edsn\u00e9 audity a slo\u017eit\u00e9 administrativn\u00ed postupy, m\u016f\u017ee b\u00fdt tak\u00e9 pova\u017eov\u00e1na za v\u00fdhodnou pro podvodn\u00edky. Z hlediska investor\u016f, zda je ka\u017ed\u00fd projekt nebo osoba prov\u00e1d\u011bj\u00edc\u00ed ICO d\u016fv\u011bryhodn\u00e1, je ponech\u00e1no na jejich vlastn\u00edm uv\u00e1\u017een\u00ed, co\u017e znamen\u00e1, \u017ee ICO p\u0159in\u00e1\u0161\u00ed ur\u010dit\u00e9 riziko pro investory.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nevyhoda_3_Stale_existuje_malo_predchozich_prikladu\"><\/span>Nev\u00fdhoda 3: St\u00e1le existuje m\u00e1lo p\u0159edchoz\u00edch p\u0159\u00edklad\u016f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Ve spole\u010dnosti jako celku je st\u00e1le nedostatek akumulace p\u0159edchoz\u00edch p\u0159\u00edklad\u016f, a je t\u011b\u017ek\u00e9 prov\u00e9st leg\u00e1ln\u00ed n\u00e1vrh pouze kop\u00edrov\u00e1n\u00edm ortodoxn\u00edch p\u0159\u00edklad\u016f od jin\u00fdch spole\u010dnost\u00ed.<br> \u2192 Je d\u016fle\u017eit\u00e9 konzultovat a vyjedn\u00e1vat s p\u0159\u00edslu\u0161n\u00fdmi org\u00e1ny, jako je Japonsk\u00e1 finan\u010dn\u00ed slu\u017eba (Japanese Financial Services Agency), o provozu z\u00e1kon\u016f na z\u00e1klad\u011b znalosti souvisej\u00edc\u00edch z\u00e1kon\u016f a na\u0159\u00edzen\u00ed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shrnuti\"><\/span>Shrnut\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Opakuji, velk\u00fdm kouzlem ICO je, \u017ee v\u00e1s nezabije slo\u017eit\u00fdmi postupy. Ale z\u00e1rove\u0148 je d\u016fle\u017eit\u00e9 nespletit si to s my\u0161lenkou, \u017ee &#8220;pr\u00e1vn\u00ed r\u00e1mec nen\u00ed p\u0159\u00edsn\u00fd = je povoleno b\u00fdt z\u00e1konod\u00e1rcem, kter\u00fd d\u011bl\u00e1, co chce&#8221;. Schopnost vynechat slo\u017eit\u00e9 postupy znamen\u00e1 tak\u00e9 riziko, \u017ee se nev\u011bdomky dopust\u00edte nez\u00e1konn\u00fdch \u010din\u016f. I kdy\u017e je to ICO, kter\u00e9 prov\u00e1d\u00edte, st\u00e1le je zde z pr\u00e1vn\u00edho hlediska pot\u0159eba, i kdy\u017e je to odli\u0161n\u00e9 od IPO. Pamatujme na to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>V dne\u0161n\u00ed dob\u011b, kdy se \u010dasto diskutuje o prudk\u00e9m n\u00e1r\u016fstu nebo poklesu cen Bitcoinu a dal\u0161\u00edch virtu\u00e1ln\u00edch m\u011bn, lze \u0159\u00edci, \u017ee virtu\u00e1ln\u00ed m\u011bny z\u00edskaly \u0161irok\u00e9 uzn\u00e1n\u00ed jako jeden ze zp\u016fsob\u016f spr\u00e1vy aktiv. Je pr [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":67037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,28],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61428"}],"collection":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/comments?post=61428"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61428\/revisions"}],"predecessor-version":[{"id":62966,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61428\/revisions\/62966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media\/67037"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media?parent=61428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/categories?post=61428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/tags?post=61428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}