Lauding the mechanics of the sale as “striking,” he asserted that Bancor was able to use blockchain technology to offer services that transcend traditional services like Kickstarter.

“Bancor gave a money-back guarantee backed by 80% of the ethereum raised should the market price of [its BNT token] fall below the issue price. Sure enough, a few days later in an overall market sell off, BNT traded to par. Bancor issued a statement saying the buy-back was activated,” he wrote.

Overall, Masters sees this type of “coded instruction” as a “eureka moment” showcasing what he thinks is evidence of the truly disruptive power of peer-to-peer digital assets.

Source: Bitcoin Hedge Fund Director: ICOs Are Having a ‘Eureka’ Moment – CoinDesk