{"id":63437,"date":"2024-05-02T12:19:13","date_gmt":"2024-05-02T03:19:13","guid":{"rendered":"https:\/\/monolith.law\/zh-cn\/?p=63437"},"modified":"2025-12-20T11:26:37","modified_gmt":"2025-12-20T02:26:37","slug":"ico-and-whitepaper","status":"publish","type":"post","link":"https:\/\/monolith.law\/zh-cn\/general-corporate\/ico-and-whitepaper","title":{"rendered":"\u5728\u5236\u5b9aICO\u767d\u76ae\u4e66\u65f6\u5e94\u6ce8\u610f\u7684\u6cd5\u5f8b\u95ee\u9898\u662f\u4ec0\u4e48"},"content":{"rendered":"\n<p>\u6211\u4eec\u79f0\u4e4b\u4e3aICO\uff08Initial Coin Offering\uff09\u7684\u8d44\u91d1\u7b79\u96c6\u65b9\u5f0f\uff0c\u662f\u4ee5\u53d1\u884c\u865a\u62df\u8d27\u5e01\uff08\u4ee3\u5e01\uff09\u4f5c\u4e3a\u56de\u62a5\uff0c\u52df\u96c6\u6295\u8d44\u7684\u4e00\u79cd\u65b9\u5f0f\u3002\u8fd9\u79cd\u88ab\u79f0\u4e3aICO\u7684\u8d44\u91d1\u7b79\u96c6\u65b9\u5f0f\uff0c\u5176\u8fc7\u7a0b\u4e0e\u73b0\u6709\u7684IPO\u975e\u5e38\u76f8\u4f3c\u3002\u5728ICO\u4e2d\uff0c\u4e0eIPO\u76f8\u53cd\uff0c\u7531\u4e8e\u6ca1\u6709\u76f4\u63a5\u89c4\u5b9a\u8be5\u65b9\u6848\u7684\u6cd5\u5f8b\uff0c\u56e0\u6b64\u8bbe\u8ba1\u7684\u81ea\u7531\u5ea6\u8f83\u9ad8\uff0c\u540c\u65f6\u4e5f\u53ef\u4ee5\u51cf\u5c11\u7e41\u7410\u7684\u884c\u653f\u624b\u7eed\u6240\u9700\u7684\u52b3\u52a8\u529b\u548c\u91d1\u94b1\u6210\u672c\u3002\u7136\u800c\uff0c\u4e0d\u5b58\u5728\u89c4\u5b9a\u201c\u6b63\u786e\u7684ICO\u64cd\u4f5c\u65b9\u5f0f\u201d\u7684\u6cd5\u5f8b\uff0c\u8fd9\u53cd\u8fc7\u6765\u4e5f\u589e\u52a0\u4e86\u5728\u9075\u5b88\u5408\u89c4\u6027\u7684\u540c\u65f6\u5b9e\u65bdICO\u7684\u96be\u5ea6\uff08\u5173\u4e8eICO\u548cIPO\u7684\u6bd4\u8f83\uff0c\u8bf7\u53c2\u9605\u53e6\u4e00\u7bc7\u6587\u7ae0\uff09\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith-law.jp\/blockchain\/comparison-ico-ipo\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith-law.jp\/blockchain\/comparison-ico-ipo[ja]<\/a><\/p>\n\n\n\n<p>\u5728\u67d0\u79cd\u610f\u4e49\u4e0a\uff0cICO\u6240\u5177\u6709\u7684\u5404\u79cd\u7279\u70b9\uff0c\u5982\u201c\u4e0d\u53d7\u7edf\u4e00\u7a0b\u5e8f\u675f\u7f1a\u7684\u81ea\u7531\u5ea6\u201d\u548c\u201c\u533a\u5206\u5408\u6cd5\u548c\u975e\u6cd5\u7684\u96be\u5ea6\u201d\uff0c\u6700\u660e\u663e\u7684\u4f53\u73b0\u5728\u767d\u76ae\u4e66\u7684\u7f16\u5199\u65b9\u5f0f\u4e0a\u3002\u672c\u6587\u5c06\u89e3\u91ca\u4e0e\u767d\u76ae\u4e66\u7684\u8bb0\u8f7d\u4e8b\u9879\u76f8\u5173\u7684\uff0c\u5728\u8fdb\u884cICO\u65f6\u53ef\u80fd\u51fa\u73b0\u7684\u6cd5\u5f8b\u95ee\u9898\u3002<\/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\/zh-cn\/general-corporate\/ico-and-whitepaper\/#%E7%99%BD%E7%9A%AE%E4%B9%A6%E7%9A%84%E5%86%99%E4%BD%9C%E5%B9%B6%E6%B2%A1%E6%9C%89%E2%80%9C%E6%AD%A3%E7%A1%AE%E7%AD%94%E6%A1%88%E2%80%9D\" title=\"\u767d\u76ae\u4e66\u7684\u5199\u4f5c\u5e76\u6ca1\u6709\u201c\u6b63\u786e\u7b54\u6848\u201d\">\u767d\u76ae\u4e66\u7684\u5199\u4f5c\u5e76\u6ca1\u6709\u201c\u6b63\u786e\u7b54\u6848\u201d<\/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\/zh-cn\/general-corporate\/ico-and-whitepaper\/#%E5%9F%BA%E4%BA%8E%E3%80%8A%E6%97%A5%E6%9C%AC%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E4%BA%A4%E6%98%93%E6%B3%95%E3%80%8B%E8%A7%84%E5%AE%9A%E7%9A%84%E7%99%BD%E7%9A%AE%E4%B9%A6%E6%92%B0%E5%86%99%E5%AE%9E%E5%8A%A1\" title=\"\u57fa\u4e8e\u300a\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u89c4\u5b9a\u7684\u767d\u76ae\u4e66\u64b0\u5199\u5b9e\u52a1\">\u57fa\u4e8e\u300a\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u89c4\u5b9a\u7684\u767d\u76ae\u4e66\u64b0\u5199\u5b9e\u52a1<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/zh-cn\/general-corporate\/ico-and-whitepaper\/#%E4%BB%80%E4%B9%88%E6%98%AF%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E4%BA%A4%E6%98%93%E6%B3%95\" title=\"\u4ec0\u4e48\u662f\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\">\u4ec0\u4e48\u662f\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/zh-cn\/general-corporate\/ico-and-whitepaper\/#%E8%99%9A%E6%8B%9F%E8%B4%A7%E5%B8%81%E6%98%AF%E5%90%A6%E4%B8%BA%E2%80%9C%E6%9C%89%E4%BB%B7%E8%AF%81%E5%88%B8%E2%80%9D\" title=\"\u865a\u62df\u8d27\u5e01\u662f\u5426\u4e3a\u201c\u6709\u4ef7\u8bc1\u5238\u201d\">\u865a\u62df\u8d27\u5e01\u662f\u5426\u4e3a\u201c\u6709\u4ef7\u8bc1\u5238\u201d<\/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\/zh-cn\/general-corporate\/ico-and-whitepaper\/#%E6%9C%80%E7%BB%88%E5%A6%82%E4%BD%95%E6%92%B0%E5%86%99%E7%99%BD%E7%9A%AE%E4%B9%A6\" title=\"\u6700\u7ec8\u5982\u4f55\u64b0\u5199\u767d\u76ae\u4e66\">\u6700\u7ec8\u5982\u4f55\u64b0\u5199\u767d\u76ae\u4e66<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/zh-cn\/general-corporate\/ico-and-whitepaper\/#%E9%99%A4%E4%BA%86%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E4%BA%A4%E6%98%93%E6%B3%95%EF%BC%8C%E8%BF%98%E5%BA%94%E6%B3%A8%E6%84%8F%E7%9A%84%E6%B3%95%E5%BE%8B%E9%A2%86%E5%9F%9F\" title=\"\u9664\u4e86\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff0c\u8fd8\u5e94\u6ce8\u610f\u7684\u6cd5\u5f8b\u9886\u57df\">\u9664\u4e86\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff0c\u8fd8\u5e94\u6ce8\u610f\u7684\u6cd5\u5f8b\u9886\u57df<\/a><\/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\/zh-cn\/general-corporate\/ico-and-whitepaper\/#%E6%80%BB%E7%BB%93\" title=\"\u603b\u7ed3\">\u603b\u7ed3<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%99%BD%E7%9A%AE%E4%B9%A6%E7%9A%84%E5%86%99%E4%BD%9C%E5%B9%B6%E6%B2%A1%E6%9C%89%E2%80%9C%E6%AD%A3%E7%A1%AE%E7%AD%94%E6%A1%88%E2%80%9D\"><\/span>\u767d\u76ae\u4e66\u7684\u5199\u4f5c\u5e76\u6ca1\u6709\u201c\u6b63\u786e\u7b54\u6848\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728ICO\u4e2d\uff0c\u767d\u76ae\u4e66\u662f\u6307\u8bb0\u5f55\u4e86\u7b79\u8d44\u76ee\u7684\u3001\u7b79\u96c6\u8d44\u91d1\u7684\u7528\u9014\uff0c\u4ee5\u53ca\u5bf9\u6295\u8d44\u8005\u7684\u56de\u62a5\u8def\u5f84\u7b49\u5185\u5bb9\u7684\u6587\u4ef6\u3002\u5982\u679c\u5c06\u5176\u4e0eIPO\u8fdb\u884c\u6bd4\u8f83\uff0c\u5b83\u5c31\u50cf\u662f\u6240\u8c13\u7684\u201c\u62db\u80a1\u8bf4\u660e\u4e66\u201d\uff0c\u8d77\u7740\u7c7b\u4f3c\u7684\u4f5c\u7528\u3002\u7136\u800c\uff0c\u5b9e\u9645\u4e0a\u5e76\u4e0d\u5b58\u5728\u4e00\u4e2a\u5e94\u9075\u5faa\u7684\u6a21\u677f\u6765\u5408\u6cd5\u5730\u64b0\u5199\u767d\u76ae\u4e66\u3002\u66f4\u751a\u4e4b\uff0c\u5b9e\u9645\u4e0a\u5728\u5408\u6cd5\u8fdb\u884cICO\u65f6\uff0c\u51c6\u5907\u767d\u76ae\u4e66\u5e76\u4e0d\u662f\u5fc5\u9700\u7684\u3002<\/p>\n\n\n\n<p>\u5728\u65e5\u672c\uff0c\u7531\u4e8e\u6ca1\u6709\u76f4\u63a5\u89c4\u5b9aICO\u65b9\u6848\u7684\u6cd5\u5f8b\uff0c\u56e0\u6b64\u6cd5\u5f8b\u5e76\u6ca1\u6709\u79ef\u6781\u5730\u6307\u793a\u51fa\u201c\u6b63\u786e\u7684\u767d\u76ae\u4e66\u5199\u4f5c\u65b9\u5f0f\u201d\u3002\u6b63\u56e0\u4e3a\u5982\u6b64\uff0c\u81f3\u4eca\u4e3a\u6b62\u5728\u65e5\u672c\u8fdb\u884c\u7684\u8bb8\u591aICO\u4e2d\uff0c\u4ea7\u751f\u4e86\u8bb8\u591a\u5bcc\u6709\u521b\u65b0\u6027\u548c\u5438\u5f15\u529b\u7684\u5ba3\u4f20\u5a92\u4ecb\u3002\u901a\u8fc7\u8fd9\u4e9b\u5185\u5bb9\u8fdb\u884c\u7684\u7f51\u7edc\u8425\u9500\u7684\u529b\u91cf\uff0c\u4f7f\u5f97\u4ee3\u5e01\u7684\u5438\u5f15\u529b\u5e7f\u4e3a\u4eba\u77e5\uff0c\u5e76\u6210\u529f\u7b79\u96c6\u4e86\u5de8\u989d\u7684\u6295\u8d44\u8d44\u91d1\uff0c\u6210\u529f\u7684\u6848\u4f8b\u6570\u4e0d\u80dc\u6570\u3002<\/p>\n\n\n\n<p>\u6cd5\u5f8b\u5e76\u4e0d\u4f1a\u6559\u4f60\u5982\u4f55\u5236\u4f5c\u80fd\u201c\u89e6\u52a8\u201d\u6295\u8d44\u8005\u5fc3\u7075\u7684\u767d\u76ae\u4e66\u3002\u7136\u800c\uff0c\u6cd5\u5f8b\u786e\u5b9e\u6697\u793a\u4e86\u8f7b\u7387\u7684\u5185\u5bb9\u8425\u9500\u53ef\u80fd\u5e26\u6765\u7684\u51b2\u7a81\u98ce\u9669\u3002\u5373\u4f7f\u6211\u4eec\u9996\u8981\u76ee\u6807\u662f\u5c3d\u53ef\u80fd\u5730\u4f20\u8fbe\u4ee3\u5e01\u7684\u5438\u5f15\u529b\uff0c\u90a3\u4e48\u5728\u6cd5\u5f8b\u4e0a\u81f3\u5c11\u5e94\u9075\u5b88\u54ea\u4e9b\u4e8b\u9879\u5462\uff1f\u8ba9\u6211\u4eec\u63a5\u4e0b\u6765\u770b\u770b\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9F%BA%E4%BA%8E%E3%80%8A%E6%97%A5%E6%9C%AC%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E4%BA%A4%E6%98%93%E6%B3%95%E3%80%8B%E8%A7%84%E5%AE%9A%E7%9A%84%E7%99%BD%E7%9A%AE%E4%B9%A6%E6%92%B0%E5%86%99%E5%AE%9E%E5%8A%A1\"><\/span>\u57fa\u4e8e\u300a\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u89c4\u5b9a\u7684\u767d\u76ae\u4e66\u64b0\u5199\u5b9e\u52a1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" width=\"735\" height=\"490\" src=\"https:\/\/monolith.law\/zh-cn\/wp-content\/uploads\/sites\/44\/2024\/05\/ico-and-whitepaper-2.jpg\" alt=\"\" class=\"wp-image-69053\" style=\"aspect-ratio:1.5;width:840px;height:auto\" srcset=\"https:\/\/monolith.law\/zh-cn\/wp-content\/uploads\/sites\/44\/2024\/05\/ico-and-whitepaper-2.jpg 735w, https:\/\/monolith.law\/zh-cn\/wp-content\/uploads\/sites\/44\/2024\/05\/ico-and-whitepaper-2-300x200.jpg 300w, https:\/\/monolith.law\/zh-cn\/wp-content\/uploads\/sites\/44\/2024\/05\/ico-and-whitepaper-2-250x167.jpg 250w\" sizes=\"(max-width: 735px) 100vw, 735px\" \/><figcaption class=\"wp-element-caption\">\u300a\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u4e0e\u865a\u62df\u8d27\u5e01\u7684\u5173\u8054\u6027\u662f\u4ec0\u4e48\uff1f<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BB%80%E4%B9%88%E6%98%AF%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E4%BA%A4%E6%98%93%E6%B3%95\"><\/span>\u4ec0\u4e48\u662f\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5982\u679c\u53d1\u884c\u7684\u4ee3\u5e01\u7684\u6027\u8d28\u7b26\u5408\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff08\u4ee5\u4e0b\u7b80\u79f0\u91d1\u5546\u6cd5\uff09\u4e2d\u7684\u201c\u6709\u4ef7\u8bc1\u5238\u201d\uff0c\u90a3\u4e48\u8be5\u4ee3\u5e01\u5c06\u53d7\u91d1\u5546\u6cd5\u7684\u7ba1\u8f96\u3002\u9996\u5148\uff0c\u91d1\u5546\u6cd5\u662f\u4ec0\u4e48\u5462\uff1f\u5b83\u662f\u4e00\u4e2a\u6cd5\u5f8b\u9886\u57df\uff0c\u65e8\u5728\u4fdd\u62a4\u6295\u8d44\u8005\u548c\u4fc3\u8fdb\u4ea4\u6613\u5e02\u573a\u7684\u5065\u5eb7\u53d1\u5c55\uff0c\u5f53\u53d1\u884c\u6216\u4ea4\u6613\u6709\u4ef7\u8bc1\u5238\u65f6\u4f1a\u4f7f\u7528\u5230\u3002<\/p>\n\n\n\n<p>\u5728\u91d1\u5546\u6cd5\u4e2d\uff0c\u5e76\u6ca1\u6709\u7ed9\u51fa\u201c\u6709\u4ef7\u8bc1\u5238\u201d\u7684\u660e\u786e\u5b9a\u4e49\uff0c\u800c\u662f\u5217\u4e3e\u4e86\u8be5\u6cd5\u5f8b\u9886\u57df\u6240\u7ba1\u8f96\u7684\u5404\u79cd\u6709\u4ef7\u8bc1\u5238\u3002\u8ba9\u6211\u4eec\u770b\u4e00\u4e0b\u91d1\u5546\u6cd5\u7684\u7b2c\u4e8c\u6761\u3002\u8fd9\u91cc\u5217\u4e3e\u4e86\u91d1\u5546\u6cd5\u6240\u7ba1\u8f96\u7684\u6709\u4ef7\u8bc1\u5238\u7684\u5177\u4f53\u7c7b\u578b\uff0c\u5305\u62ec\u56fd\u503a\u3001\u516c\u53f8\u503a\u3001\u80a1\u7968\u7b49\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u7b2c\u4e8c\u6761 \u5728\u672c\u6cd5\u4e2d\uff0c\u201c\u6709\u4ef7\u8bc1\u5238\u201d\u662f\u6307\u4ee5\u4e0b\u6240\u5217\u7684\u4e8b\u9879\uff1a<br> \u4e00 \u56fd\u503a\u8bc1\u5238<br> \u4e8c \u5730\u65b9\u503a\u8bc1\u5238<br> \u4e09 \u6839\u636e\u7279\u522b\u6cd5\u5f8b\u53d1\u884c\u7684\u516c\u53f8\u503a\u5238\uff08\u4e0d\u5305\u62ec\u4e0b\u4e00\u9879\u548c\u7b2c\u5341\u4e00\u9879\u6240\u5217\u7684\u4e8b\u9879\u3002\uff09<br> \u56db \u6839\u636e\u8d44\u4ea7\u6d41\u52a8\u5316\u6cd5\uff081998\u5e74\u6cd5\u5f8b\u7b2c105\u53f7\uff09\u89c4\u5b9a\u7684\u7279\u5b9a\u516c\u53f8\u503a\u5238<br> \u4e94 \u516c\u53f8\u503a\u5238\uff08\u5305\u62ec\u4e92\u52a9\u793e\u7684\u516c\u53f8\u503a\u5238\u3002\u4ee5\u4e0b\u540c\u3002\uff09<br> \u516d \u6839\u636e\u7279\u522b\u6cd5\u5f8b\u8bbe\u7acb\u7684\u6cd5\u4eba\u53d1\u884c\u7684\u51fa\u8d44\u8bc1\u5238\uff08\u4e0d\u5305\u62ec\u4e0b\u4e00\u9879\u3001\u7b2c\u516b\u9879\u548c\u7b2c\u5341\u4e00\u9879\u6240\u5217\u7684\u4e8b\u9879\u3002\uff09<br> \u4e03 \u6839\u636e\u5408\u4f5c\u7ec4\u7ec7\u91d1\u878d\u673a\u6784\u7684\u4f18\u5148\u51fa\u8d44\u6cd5\uff081993\u5e74\u6cd5\u5f8b\u7b2c44\u53f7\u3002\u4ee5\u4e0b\u79f0\u4e3a\u201c\u4f18\u5148\u51fa\u8d44\u6cd5\u201d\u3002\uff09\u89c4\u5b9a\u7684\u4f18\u5148\u51fa\u8d44\u8bc1\u5238<br> \u516b \u6839\u636e\u8d44\u4ea7\u6d41\u52a8\u5316\u6cd5\u89c4\u5b9a\u7684\u4f18\u5148\u51fa\u8d44\u8bc1\u5238\u6216\u65b0\u4f18\u5148\u51fa\u8d44\u8ba4\u8d2d\u6743\u8bc1\u5238<br> \u4e5d \u80a1\u7968\u6216\u65b0\u80a1\u9884\u7ea6\u6743\u8bc1\u5238<br> \u5341 \u6839\u636e\u6295\u8d44\u4fe1\u6258\u548c\u6295\u8d44\u6cd5\u4eba\u6cd5\uff081951\u5e74\u6cd5\u5f8b\u7b2c198\u53f7\uff09\u89c4\u5b9a\u7684\u6295\u8d44\u4fe1\u6258\u6216\u5916\u56fd\u6295\u8d44\u4fe1\u6258\u7684\u53d7\u76ca\u8bc1\u5238<br> \u5341\u4e00 \u6839\u636e\u6295\u8d44\u4fe1\u6258\u548c\u6295\u8d44\u6cd5\u4eba\u6cd5\u89c4\u5b9a\u7684\u6295\u8d44\u8bc1\u5238\u3001\u65b0\u6295\u8d44\u53e3\u9884\u7ea6\u6743\u8bc1\u5238\u6216\u6295\u8d44\u6cd5\u4eba\u503a\u5238\u6216\u5916\u56fd\u6295\u8d44\u8bc1\u5238<br>\uff08\u4ee5\u4e0b\u7701\u7565\uff09<\/p>\n<cite> \u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff08\u91d1\u5546\u6cd5\uff09 <\/cite><\/blockquote>\n\n\n\n<p>\u987a\u4fbf\u63d0\u4e00\u4e0b\uff0c\u5728\u6c11\u6cd5\u4e2d\uff0c\u6709\u4ef7\u8bc1\u5238\u88ab\u5b9a\u4e49\u4e3a\u201c\u6807\u5fd7\u79c1\u6743\u7684\u6709\u8d22\u4ea7\u4ef7\u503c\u7684\u8bc1\u5238\u201d\uff0c\u4e0e\u91d1\u5546\u6cd5\u4e2d\u7684\u6709\u4ef7\u8bc1\u5238\u76f8\u6bd4\uff0c\u5176\u6db5\u76d6\u7684\u8303\u56f4\u8981\u5e7f\u5f97\u591a\u3002<\/p>\n\n\n\n<p>\u91d1\u5546\u6cd5\u662f\u6c11\u6cd5\u7684\u7279\u522b\u6cd5\uff08\u7b80\u5355\u6765\u8bf4\uff0c\u8fd9\u662f\u4e00\u4e2a\u6cd5\u5f8b\u9886\u57df\uff0c\u5b83\u4fee\u6b63\u4e86\u539f\u5219\u8bba\u548c\u4e00\u822c\u8bba\u7684\u5177\u4f53\u5e94\u7528\uff09\u3002\u56e0\u6b64\uff0c\u5bf9\u4e8e\u6c11\u6cd5\u4e2d\u5e7f\u4e49\u7684\u6709\u4ef7\u8bc1\u5238\uff0c\u7279\u522b\u662f\u5bf9\u4e8e\u9700\u8981\u5927\u91cf\u4fe1\u606f\u62ab\u9732\uff08\u5373\u6240\u8c13\u7684\u62ab\u9732\uff09\u548c\u9632\u6b62\u5185\u5e55\u4ea4\u6613\u7b49\u4e0d\u6b63\u5f53\u4ea4\u6613\u7684\u91d1\u878d\u4ea7\u54c1\uff0c\u5c06\u53d7\u5230\u91d1\u5546\u6cd5\u7684\u89c4\u8303\u3002\u7406\u89e3\u8fd9\u4e2a\u673a\u5236\u5c06\u4f1a\u5f88\u6709\u5e2e\u52a9\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%99%9A%E6%8B%9F%E8%B4%A7%E5%B8%81%E6%98%AF%E5%90%A6%E4%B8%BA%E2%80%9C%E6%9C%89%E4%BB%B7%E8%AF%81%E5%88%B8%E2%80%9D\"><\/span>\u865a\u62df\u8d27\u5e01\u662f\u5426\u4e3a\u201c\u6709\u4ef7\u8bc1\u5238\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5728\u300a\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\uff08Japanese Financial Instruments and Exchange Act\uff09\u4e2d\u5217\u4e3e\u7684\u201c\u6709\u4ef7\u8bc1\u5238\u201d\u7684\u5177\u4f53\u79cd\u7c7b\u4e2d\uff0c\u5e76\u672a\u5305\u542b\u865a\u62df\u8d27\u5e01\u3002\u56e0\u6b64\uff0c\u539f\u5219\u4e0a\uff0c\u865a\u62df\u8d27\u5e01\u5e76\u4e0d\u5c5e\u4e8e\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7684\u76d1\u7ba1\u5bf9\u8c61\u3002\u5b9e\u9645\u4e0a\uff0c\u5bf9\u4e8e\u6bd4\u7279\u5e01\u7b49\u4ee3\u8868\u6027\u7684\u865a\u62df\u8d27\u5e01\uff0c\u5185\u9601\u5e9c\u5df2\u660e\u786e\u8868\u793a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7684\u76d1\u7ba1\u4e0d\u9002\u7528\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c\u5982\u679c\u65b0\u7684ICO\u53d1\u884c\u4ee3\u5e01\uff0c\u9700\u8981\u8003\u8651\u662f\u5426\u7b26\u5408\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7b2c\u4e8c\u6761\u7b2c\u4e8c\u6b3e\u7b2c\u4e94\u9879\u7684\u96c6\u4f53\u6295\u8d44\u8ba1\u5212\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u7b2c\u4e8c\u6761<br>2 \u5728\u7b2c\u4e00\u9879\u81f3\u7b2c\u5341\u4e94\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\uff0c\u7b2c\u5341\u4e03\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\uff08\u9664\u53bb\u5177\u6709\u7b2c\u5341\u516d\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\u6027\u8d28\u7684\u8bc1\u5238\uff09\u4ee5\u53ca\u7b2c\u5341\u516b\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\u5e94\u5177\u6709\u7684\u6743\u5229\uff0c\u4ee5\u53ca\u7b2c\u5341\u516d\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\uff0c\u7b2c\u5341\u4e03\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\uff08\u4ec5\u9650\u4e8e\u5177\u6709\u7b2c\u5341\u516d\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\u6027\u8d28\u7684\u8bc1\u5238\uff09\u4ee5\u53ca\u7b2c\u5341\u4e5d\u9879\u81f3\u7b2c\u4e8c\u5341\u4e00\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\uff0c\u5373\u4f7f\u5728\u672a\u53d1\u884c\u5177\u6709\u8be5\u6743\u5229\u7684\u6709\u4ef7\u8bc1\u5238\u7684\u60c5\u51b5\u4e0b\uff0c\u4e5f\u5e94\u5c06\u8be5\u6743\u5229\u89c6\u4e3a\u6709\u4ef7\u8bc1\u5238\uff0c\u5e76\u5c06\u5176\u5e94\u7528\u4e8e\u672c\u6cd5\u7684\u89c4\u5b9a\u3002<br>\u4e94 \u6c11\u6cd5\uff08\u660e\u6cbb\u4e8c\u5341\u4e5d\u5e74\u6cd5\u5f8b\u7b2c\u516b\u5341\u4e5d\u53f7\uff0c1896\u5e74\uff09\u7b2c\u516d\u767e\u516d\u5341\u4e03\u6761\u7b2c\u4e00\u6b3e\u89c4\u5b9a\u7684\u5408\u4f19\u5951\u7ea6\uff0c\u5546\u6cd5\uff08\u660e\u6cbb\u4e09\u5341\u4e8c\u5e74\u6cd5\u5f8b\u7b2c\u56db\u5341\u516b\u53f7\uff0c1899\u5e74\uff09\u7b2c\u4e94\u767e\u4e09\u5341\u4e94\u6761\u89c4\u5b9a\u7684\u65e0\u540d\u5408\u4f19\u5951\u7ea6\uff0c\u6295\u8d44\u4e1a\u52a1\u6709\u9650\u8d23\u4efb\u5408\u4f19\u5951\u7ea6\u6cd5\uff08\u5e73\u6210\u5341\u5e74\u6cd5\u5f8b\u7b2c\u4e5d\u5341\u53f7\uff0c1998\u5e74\uff09\u7b2c\u4e09\u6761\u7b2c\u4e00\u6b3e\u89c4\u5b9a\u7684\u6295\u8d44\u4e1a\u52a1\u6709\u9650\u8d23\u4efb\u5408\u4f19\u5951\u7ea6\u6216\u6709\u9650\u8d23\u4efb\u4e1a\u52a1\u5408\u4f19\u5951\u7ea6\u6cd5\uff08\u5e73\u6210\u5341\u4e03\u5e74\u6cd5\u5f8b\u7b2c\u56db\u5341\u53f7\uff0c2005\u5e74\uff09\u7b2c\u4e09\u6761\u7b2c\u4e00\u6b3e\u89c4\u5b9a\u7684\u6709\u9650\u8d23\u4efb\u4e1a\u52a1\u5408\u4f19\u5951\u7ea6\u57fa\u4e8e\u7684\u6743\u5229\uff0c\u793e\u56e2\u6cd5\u4eba\u7684\u793e\u5458\u6743\u4ee5\u53ca\u5176\u4ed6\u6743\u5229\uff08\u4e0d\u5305\u62ec\u57fa\u4e8e\u5916\u56fd\u6cd5\u5f8b\u7684\u6743\u5229\uff09\u4e2d\uff0c\u6295\u8d44\u8005\uff08\u4ee5\u4e0b\u5728\u672c\u9879\u4e2d\u79f0\u4e3a\u201c\u51fa\u8d44\u8005\u201d\uff09\u53ef\u4ee5\u901a\u8fc7\u6295\u8d44\u6216\u6350\u8d60\u7684\u8d44\u91d1\u8fdb\u884c\u4e1a\u52a1\uff08\u4ee5\u4e0b\u5728\u672c\u9879\u4e2d\u79f0\u4e3a\u201c\u6295\u8d44\u76ee\u6807\u4e1a\u52a1\u201d\uff09\uff0c\u5e76\u53ef\u4ee5\u4ece\u8be5\u4e1a\u52a1\u4ea7\u751f\u7684\u6536\u76ca\u4e2d\u83b7\u5f97\u5206\u7ea2\u6216\u5206\u914d\u4e0e\u8be5\u6295\u8d44\u76ee\u6807\u4e1a\u52a1\u76f8\u5173\u7684\u8d22\u4ea7\u7684\u6743\u5229\uff0c\u5373\u4f7f\u4e0d\u7b26\u5408\u4ee5\u4e0b\u4efb\u4f55\u4e00\u9879\uff08\u9664\u53bb\u5728\u524d\u6b3e\u5404\u9879\u4e2d\u5217\u51fa\u7684\u6709\u4ef7\u8bc1\u5238\u5e94\u5177\u6709\u7684\u6743\u5229\u4ee5\u53ca\u6839\u636e\u672c\u6b3e\uff08\u9664\u672c\u9879\u5916\uff09\u7684\u89c4\u5b9a\u88ab\u89c6\u4e3a\u6709\u4ef7\u8bc1\u5238\u7684\u6743\u5229\uff09<br>\uff08\u4ee5\u4e0b\u7701\u7565\uff09<\/p>\n<cite>\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff08\u91d1\u5546\u6cd5\uff09<\/cite><\/blockquote>\n\n\n\n<p>\u7b80\u5355\u6765\u8bf4\uff0c\u8fd9\u5c31\u662f\u8bf4\uff0c\u5373\u4f7f\u8bc1\u5238\u4e0d\u5728\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u5217\u4e3e\u7684\u6709\u4ef7\u8bc1\u5238\u4e2d\uff0c\u53ea\u8981\u51fa\u8d44\u8005\u901a\u8fc7\u91d1\u94b1\u6295\u8d44\u8fdb\u884c\u4e1a\u52a1\uff0c\u5e76\u6839\u636e\u8be5\u4e1a\u52a1\u4ea7\u751f\u7684\u5229\u6da6\u8fdb\u884c\u51fa\u8d44\u8005\u7684\u5206\u7ea2\uff0c\u8fd9\u6837\u7684\u8bc1\u5238\u8bbe\u8ba1\u4e5f\u5c06\u88ab\u89c6\u4e3a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7684\u9002\u7528\u5bf9\u8c61\u3002\u56e0\u6b64\uff0c\u5982\u679c\u5728ICO\u4e2d\u65b0\u53d1\u884c\u4ee3\u5e01\uff0c\u53ea\u8981\u7b26\u5408\u8fd9\u6837\u7684\u8ba1\u5212\uff0c\u5c31\u4f1a\u5bf9ICO\u5b9e\u65bd\u8005\u65bd\u52a0\u5404\u79cd\u62ab\u9732\u4e49\u52a1\u548c\u62a5\u544a\u4e66\u7f16\u5236\u4e49\u52a1\u3002\u603b\u7684\u6765\u8bf4\uff0c\u4ece\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7684\u89d2\u5ea6\u6765\u770b\uff0cICO\u5b9e\u65bd\u8005\u5e94\u7279\u522b\u6ce8\u610f\u96c6\u4f53\u6295\u8d44\u8ba1\u5212\u7684\u9002\u7528\u6027\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9C%80%E7%BB%88%E5%A6%82%E4%BD%95%E6%92%B0%E5%86%99%E7%99%BD%E7%9A%AE%E4%B9%A6\"><\/span>\u6700\u7ec8\u5982\u4f55\u64b0\u5199\u767d\u76ae\u4e66<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5728\u5b9e\u52a1\u4e2d\uff0c\u4e0e\u8fd9\u4e2a\u96c6\u4f53\u6295\u8d44\u8ba1\u5212\u6709\u5173\u7684\u5e38\u89c1\u95ee\u9898\u662f\uff0c\u5728\u63a8\u8fdb\u767d\u76ae\u4e66\u7684\u64b0\u5199\u8fc7\u7a0b\u4e2d\uff0c\u5173\u4e8e\u5411\u6295\u8d44\u8005\u5206\u914d\u5229\u6da6\u7684\u5177\u4f53\u63cf\u8ff0\u5e94\u8fbe\u5230\u4f55\u79cd\u7a0b\u5ea6\u624d\u4f1a\u88ab\u89c6\u4e3a\u65e5\u672c\u300a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\uff08Japanese Financial Instruments and Exchange Act\uff09\u4e0a\u7684\u91d1\u878d\u4ea7\u54c1\uff0c\u4ee5\u53ca\u8fd9\u662f\u5426\u4f1a\u88ab\u89c6\u4e3a\u57fa\u4e8e\u4e1a\u52a1\u5229\u6da6\u7684\u5206\u914d\u3002\u5982\u679c\u8003\u8651\u5230\u88ab\u89c6\u4e3a\u300a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u4e0a\u7684\u76d1\u7ba1\u5bf9\u8c61\u4f1a\u589e\u52a0ICO\u5b9e\u65bd\u8005\u7684\u8d1f\u62c5\uff0c\u90a3\u4e48\u5bf9\u8fd9\u4e9b\u95ee\u9898\u7684\u5177\u4f53\u63cf\u8ff0\u5e94\u5c3d\u53ef\u80fd\u907f\u514d\uff0c\u8fd9\u662f\u4e00\u79cd\u53ef\u80fd\u7684\u65b9\u5411\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u5982\u679c\u5e0c\u671b\u901a\u8fc7\u5c3d\u53ef\u80fd\u5177\u4f53\u5730\u89e3\u91ca\u8fd9\u4e9b\u95ee\u9898\u6765\u83b7\u5f97\u6295\u8d44\u8005\u7684\u4fe1\u4efb\uff0c\u90a3\u4e48\u4e5f\u53ef\u4ee5\u8003\u8651\u5c06\u4ee3\u5e01\u8bbe\u8ba1\u4e3a\u300a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u4e0a\u7684\u91d1\u878d\u4ea7\u54c1\u3002\u5728\u8fd9\u4e9b\u95ee\u9898\u7684\u5224\u65ad\u4e0a\uff0c\u6cd5\u52a1\u8d1f\u8d23\u4eba\u5e94\u6839\u636eICO\u7684\u7b56\u7565\u53d1\u6325\u81ea\u5df1\u7684\u5224\u65ad\uff0c\u8fd9\u4e00\u70b9\u7edd\u5bf9\u4e0d\u5c11\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%99%A4%E4%BA%86%E9%87%91%E8%9E%8D%E5%95%86%E5%93%81%E4%BA%A4%E6%98%93%E6%B3%95%EF%BC%8C%E8%BF%98%E5%BA%94%E6%B3%A8%E6%84%8F%E7%9A%84%E6%B3%95%E5%BE%8B%E9%A2%86%E5%9F%9F\"><\/span>\u9664\u4e86\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff0c\u8fd8\u5e94\u6ce8\u610f\u7684\u6cd5\u5f8b\u9886\u57df<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4ece\u767d\u76ae\u4e66\u7684\u5185\u5bb9\u6765\u770b\uff0c\u6211\u4eec\u5e94\u8be5\u5173\u6ce8\u7684\u6cd5\u5f8b\u9886\u57df\u5e76\u4e0d\u4ec5\u4ec5\u662f\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff08\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\uff09\u3002\u5982\u679c\u7b26\u5408\u8d44\u91d1\u7ed3\u7b97\u6cd5\u4e2d\u7684\u201c\u865a\u62df\u8d27\u5e01\u201d\u7684\u5b9a\u4e49\uff0c\u90a3\u4e48\u5c31\u9700\u8981\u6ce8\u518c\u4e3a\u865a\u62df\u8d27\u5e01\u4ea4\u6362\u670d\u52a1\u5546\u3002\uff08\u5173\u4e8e\u8d44\u91d1\u7ed3\u7b97\u6cd5\u4e2d\u865a\u62df\u8d27\u5e01\u7684\u5b9a\u4e49\u4ee5\u53ca\u5728\u6b64\u60c5\u51b5\u4e0b\u5bf9\u4e1a\u52a1\u8005\u7684\u4e49\u52a1\uff0c\u8bf7\u53c2\u9605\u5176\u4ed6\u6587\u7ae0\u3002\uff09<\/p>\n\n\n\n<p>\u53e6\u5916\uff0c\u5982\u679c\u8be5\u4ee3\u5e01\u88ab\u89c6\u4e3a\u8d44\u91d1\u7ed3\u7b97\u6cd5\u4e2d\u7684\u7535\u5b50\u8d27\u5e01\uff0c\u90a3\u4e48\u6839\u636e\u7535\u5b50\u8d27\u5e01\u7684\u53d1\u884c\u989d\uff0c\u4e1a\u52a1\u8005\u6709\u4e49\u52a1\u5411\u653f\u5e9c\u5b58\u6b3e\uff08\u4f9b\u6258\uff09\u3002\uff08\u5173\u4e8e\u8d44\u91d1\u7ed3\u7b97\u6cd5\u4e2d\u7535\u5b50\u8d27\u5e01\u7684\u5b9a\u4e49\u4ee5\u53ca\u5728\u6b64\u60c5\u51b5\u4e0b\u5bf9\u4e1a\u52a1\u8005\u7684\u4e49\u52a1\uff0c\u8bf7\u53c2\u9605\u5176\u4ed6\u6587\u7ae0\u3002\uff09<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%80%BB%E7%BB%93\"><\/span>\u603b\u7ed3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5728\u672c\u6587\u4e2d\uff0c\u6211\u4eec\u4e3b\u8981\u8ba8\u8bba\u4e86\u4e0e\u300a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\uff08Japanese Financial Instruments and Exchange Act\uff09\u76f8\u5173\u7684\uff0c\u767d\u76ae\u4e66\u4e2d\u53ef\u80fd\u51fa\u73b0\u95ee\u9898\u7684\u5185\u5bb9\u3002\u7f16\u5199\u767d\u76ae\u4e66\u7684\u5de5\u4f5c\u4e0d\u4ec5\u4ec5\u662f\u4f20\u8fbe\u4ee3\u5e01\u7684\u5438\u5f15\u529b\uff0c\u4e5f\u662f\u4e00\u4e2a\u660e\u786e\u6295\u8d44\u8005\u6743\u76ca\u7684\u8fc7\u7a0b\u3002\u56e0\u6b64\uff0c\u5e94\u59cb\u7ec8\u7262\u8bb0\uff0c\u5982\u4f55\u5411\u6295\u8d44\u8005\u5c65\u884c\u8bf4\u660e\u8d23\u4efb\uff0c\u57fa\u672c\u4e0a\u662f\u4f01\u4e1a\u6cd5\u52a1\u7684\u95ee\u9898\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u672c\u6587\u4ecb\u7ecd\u7684\u4e0eICO\u76f8\u5173\u7684\u5404\u79cd\u6cd5\u5f8b\u89c4\u5b9a\uff0c\u4e0d\u4ec5\u4ec5\u662f\u767d\u76ae\u4e66\u4e2d\u7684\u5f62\u5f0f\u5316\u6587\u5b57\u95ee\u9898\uff08\u5373\u53d1\u5e03\u5728\u5a92\u4f53\u4e0a\u7684\u6587\u7ae0\u7684\u8bcd\u6c47\u9009\u62e9\u95ee\u9898\uff09\uff0c\u4e5f\u6d89\u53ca\u5230\u4ee3\u5e01\u8bbe\u8ba1\u672c\u8eab\u7684\u5b9e\u8d28\u6027\u95ee\u9898\uff0c\u8fd9\u4e24\u8005\u5e94\u660e\u786e\u533a\u5206\u5e76\u8fdb\u884c\u8ba8\u8bba\u3002\u56e0\u6b64\uff0c\u4e3a\u4e86ICO\u7684\u5408\u6cd5\u5b9e\u65bd\uff0c\u6211\u4eec\u4e0d\u5e94\u4ec5\u4ec5\u505c\u7559\u5728\u5bf9\u767d\u76ae\u4e66\u5185\u5bb9\u7684\u6cd5\u5f8b\u5ba1\u67e5\uff0c\u4e5f\u5e94\u5305\u62ec\u516c\u53f8\u5b9e\u9645\u884c\u52a8\u4e0e\u767d\u76ae\u4e66\u5185\u5bb9\u662f\u5426\u4e00\u81f4\u7684\u6cd5\u5f8b\u5ba1\u67e5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6211\u4eec\u79f0\u4e4b\u4e3aICO\uff08Initial Coin Offering\uff09\u7684\u8d44\u91d1\u7b79\u96c6\u65b9\u5f0f\uff0c\u662f\u4ee5\u53d1\u884c\u865a\u62df\u8d27\u5e01\uff08\u4ee3\u5e01\uff09\u4f5c\u4e3a\u56de\u62a5\uff0c\u52df\u96c6\u6295\u8d44\u7684\u4e00\u79cd\u65b9\u5f0f\u3002\u8fd9\u79cd\u88ab\u79f0\u4e3aICO\u7684\u8d44\u91d1\u7b79\u96c6\u65b9\u5f0f\uff0c\u5176\u8fc7\u7a0b\u4e0e\u73b0\u6709\u7684IPO\u975e\u5e38\u76f8\u4f3c\u3002\u5728ICO\u4e2d\uff0c\u4e0eIPO\u76f8\u53cd\uff0c\u7531\u4e8e\u6ca1\u6709\u76f4\u63a5\u89c4\u5b9a\u8be5\u65b9\u6848\u7684\u6cd5\u5f8b\uff0c\u56e0\u6b64\u8bbe\u8ba1\u7684\u81ea\u7531\u5ea6\u8f83\u9ad8\uff0c\u540c\u65f6\u4e5f\u53ef\u4ee5\u51cf\u5c11\u7e41\u7410\u7684\u884c\u653f\u624b\u7eed\u6240\u9700\u7684\u52b3\u52a8\u529b\u548c\u91d1\u94b1\u6210\u672c\u3002\u7136\u800c\uff0c\u4e0d\u5b58\u5728\u89c4\u5b9a\u201c\u6b63\u786e\u7684ICO\u64cd\u4f5c\u65b9\u5f0f\u201d\u7684\u6cd5\u5f8b\uff0c\u8fd9\u53cd\u8fc7\u6765\u4e5f\u589e\u52a0\u4e86\u5728\u9075\u5b88\u5408\u89c4\u6027 [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":69029,"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\/zh-cn\/wp-json\/wp\/v2\/posts\/63437"}],"collection":[{"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/comments?post=63437"}],"version-history":[{"count":3,"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/posts\/63437\/revisions"}],"predecessor-version":[{"id":69054,"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/posts\/63437\/revisions\/69054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/media\/69029"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/media?parent=63437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/categories?post=63437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/zh-cn\/wp-json\/wp\/v2\/tags?post=63437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}