Security Tokens and Stablecoins Quick Start Guide电子书

About Packt

Why subscribe?

Packt.com

Contributors

About the authors

About the reviewers

Packt is searching for authors like you

Preface

Who this book is for

What this book covers

To get the most out of this book

Download the example code files

Download the color images

Conventions used

Get in touch

Reviews

Introduction to Blockchain

A brief overview of the blockchain technology

Bitcoin

Ethereum

Evolution of blockchain

Bitcoin basics

The distributed ledger

The consensus mechanism

Keys and digital wallets

Ethereum basics

Ethereum cryptocurrency and tokens

Smart contract

Ethereum virtual machine

Ethereum gas

Account

Oracle

Off-the-chain data

PoS

Performance considerations

Miscellaneous comments

Summary

STO - Security Token Offering

A traditional fund raising roadmap for startups

Seed money

Angel investors and angel funds

VC fund

Private equity firms

Mezzanine capital/fund

IPO

Pros

Cons

The initial coin offering

Coins and tokens

Crowdfunding

ICO and its difference to IPO

The ICO bubble

The STO

Security

STO verses ICO

STO versus IPO

Challenges of STOs

Summary

Monetizing Digital Tokens Under US Security Laws

What is an STO?

Overview of US securities laws

Federal regulations

Section 5 of the Securities Act of 1933

Section 3(b)(1) and (2) / Regulation A/A+ offerings (Mini IPOs)

Exemptions to Section 5 of Securities Act of 1933

Section 4(a)(2) / Reg D – Rule 506(b) and (c) – private placement exemption

Section 3(b)(1)/ Rule 504 – small issuance

Limitation of Rule 504 and 506 – bad actor disqualifications

Section 4(a)(5) – accredited investor exemption

Section 4(a)(6) / Regulation Crowdfunding – crowdfunding exemption

Section 3(a)(11) / Rule 147 (added by JOBS Act 2012) – intrastate offering

Regulatory issues with respect to exemptions under the Securities Act

Other related regulatory regimes

Federal regulators

State regulations

Resale of securities Rule 144/144A/Section 4(a)(1½ ) / Section 4(a)(7)

Rule 144 exemption

Rule 144A exemption

Section 4(a)(1½) exemption

Section 4(a)(7) exemption

Securities laws development in blockchain and digital cryptocurrencies

SEC alerts

Report of Investigation Pursuant to Section 21(a) of the Exchange Act – The DAO (July 25, 2017) (the DAO report) – the application of the Howey test

Legal analysis by the SEC

SEC's conclusion

Security trading

Real cases

Munchee Inc. (Munchee order, December 11, 2017)

Legal analysis by the SEC

AirFox case (November, 2018)

Legal analysis by the SEC

The Paragon case (November, 2018)

Legal analysis by the SEC

SEC versus PlexCorps et al.

Crypto Asset Management case (September, 2018)

Legal analysis by the SEC

The TokenLot LLC case (September, 2018)

Legal analysis by the SEC

STO launch and legal considerations

Summary

Stablecoin

Basics of money

What is money?

Characteristics of money

Durability

Portability

Divisibility

Uniformity

Limited supply

Acceptability

Commodity money versus fiat currency

An example of a fiat currency– the USD

Basics of stablecoin

Cryptocurrency

What are stablecoins?

Are stablecoins really stable?

Types of stablecoins

Commodity-collateralized stablecoins

Fiat-collateralized stablecoins

Crypto-collateralized stablecoins

Non-collateralized stablecoins

Challenges of stablecoins

Summary

Security Token Smart Contracts

ERC-20 and ERC-721 token

ERC-20

ERC-721 – NFTs

Security token technical design overview

ERC-1400/ERC-1410

ST-20 (security token standard)

R-Token

SRC-20

DS-Token (Securitize)

Securitize's digital ownership architecture

ERC-1404

ERC-884

Introduction to smart contracts

Pragma

Comments

Import

Paths

State variables

Functions

Function modifiers

Events

struct

enum

Inheritance, abstract, and interface

Summary

Building a Security Token Dapp

STO smart contract development tools

Truffle

Ganache

Setting up an Ethereum development environment

Creating a security token Truffle project

Deploying security tokens to Ganache

Developing and testing a security token smart contract

Creating a smart contract

Implementing a smart contract

Defining your token information

Implementing detectTransferRestriction

Implementing messageForTransferRestriction

Implementing transfer and transferFrom

Testing a smart contract

Setting up and initializing the test case

Writing Dapp web components

Setting up a Dapp project

Cleaning boilerplates code

Defining the HTML template

Implementing the ERC1404 UI components

Loading accounts

transfer UI component

DetectTransferRestriction UI component

MessageForTransferRestriction UI component

AddAddressToWhitelist UI component

verifyWhitelist UI component

Summary

Stablecoin Smart Contracts

Quick primary stablecoin overview

Timeline of stablecoin development

Types of stablecoin

Fiat collateralized stablecoins

Crypto collateralized stablecoins

Non-collateralized stablecoins

Stablecoin technical design overview

Tether (USDT)

TrueUSD (TUSD) smart contract

modularERC20

Proxy

Admin

Other TUSD token-related contracts

MakerDAO (Dai)

USD coin (USDC)

Paxos Standard

GUSD

ERC20Proxy

ERC20Impl

ERC20Store

JPM Coin

Summary

Other Books You May Enjoy

Leave a review - let other readers know what you think