Ethereum : ICO legal question

Ethereum update: ICO legal question

As I understand it, one use for creating an ICO is offering token buyers a future product in exchange for their tokens. Maybe the ICO was to help raise money to create a membership business, and the token could be exchanged for a membership in the future.

If the company does not follow through on their promise, what are the legal repercussions? Is there any kind of non-digital, legally binding contract that should be used?

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About Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Author: fhluu

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