Risk management in the financing of ICO projects: prospects for the use of modern technologies in Kazakhstan

Abstract

The article discusses the potential risks when investing in projects and ICO. The initial coin
offering (ICO) is a new way for startups to raise funds and for blockchain startups, perhaps the predominant
way. This new method of fundraising has only been around for a couple of years and has already enabled
entrepreneurs and innovators to raise billions of dollars from global investors. However, this method is
still immature and somewhat controversial. It can continue to evolve and evolve, allowing it to play an
increasingly important role in financing entrepreneurship and innovation. But, despite the prospects of
this market, investors forget that ICO projects often fail, and investors lose their funds, because the ICO
market is even more dangerous than the venture one. Therefore, it is very important for investors to show
possible dangers and risks when investing in ICO projects. The relevance of the article is to determine the
advantages in the financing of ICO projects and to determine their elimination by determining the main
risks arising from the financing. Analyzing the financing on foreign experience, to determine the prospects
of ICO projects implemented in Kazakhstan. The purpose of this article is to determine the factors affecting
the development of the economy in the financing of ICO projects.
The need to study the nature of risk management in the financing of ICO-projects will allow to
understand in more detail the prospects for the use of modern technologies in Kazakhstan. The main
problem for the deepening of the financing of the ICO project is the determination of its economic
significance and market analysis. Research methods: to reveal the essence of terms, branch economic
analysis, system analysis. The analysis identified the main factors influencing the market rate, reflected the
benefits of application in the country, emerging risks and new ideas of their management.