There are many different types of risks associated with cryptocurrency and ICOs. Token sales are often complex. Tokens can be built on a variety of technologies and they can represent a variety of use cases ranging from simple to complex. There is no one standard definition for a “token” or “ICO”. For example, some tokens (such as Bitcoin) have no central management, Bitcoin exists on it’s own constantly changing blockchain and it has one very simple use case. Other tokens exists on top of existing blockchains, and therefore are dependent on them, they have their own central management team and the use cases for their token could represent voting rights, value transfer for work contributed, a security token, a token to purchase an in-app product or service, or a sort of digital “point” for curating content to name only a few examples. New use cases, economic models, technology and ways of doing business are being invented rapidly and with rapid development comes risk. Please be aware of the following specific risks before getting involved in any crypto or blockchain based project found on our site or elsewhere.