Delaware Supreme Court Defines Damages in Deals Involving Cryptocurrency
vircon.substack.com
Blockchain tokens have come to the public's attention with the proliferation of Initial Coin Offerings (ICOs) and the volatility of cryptocurrencies. Companies and virtual organizations are using blockchain tokens not only to raise non-dilutive capital but also to compensate or incentivize employees, consultants, and other service providers. However, such novel structures inevitably raise the question, "If a contract providing for token-based consideration is breached, how does the court calculate the judgment to be awarded?" along with some others.
Delaware Supreme Court Defines Damages in Deals Involving Cryptocurrency
Delaware Supreme Court Defines Damages in…
Delaware Supreme Court Defines Damages in Deals Involving Cryptocurrency
Blockchain tokens have come to the public's attention with the proliferation of Initial Coin Offerings (ICOs) and the volatility of cryptocurrencies. Companies and virtual organizations are using blockchain tokens not only to raise non-dilutive capital but also to compensate or incentivize employees, consultants, and other service providers. However, such novel structures inevitably raise the question, "If a contract providing for token-based consideration is breached, how does the court calculate the judgment to be awarded?" along with some others.