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Corn's ICO Success Signals Potential ICO Resurgence

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Blockworks
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Jan 22, 2025

$Corn, a Bitcoin yield farming chain, recently conducted an ICO that was seven times oversubscribed, indicating a potential resurgence of ICOs. $Corn combines public token sales and yield farming, using tokenized wrapped bitcoin (BTCN) as its native asset. The ICO was conducted through the MiCA-compliant platform Legion, which prioritizes investors active in crypto. $Corn's approach aims for transparency and fairness, avoiding secret deals. The ICO raised $8.3 million from 700 investors, with a focus on long-term commitment. This could signal a new era for ICOs, addressing past issues of opacity and insider bias.

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