What is a Security Token Offering (STO)?

What are the pros and cons of ICOs?
Do neither. You will lose either way. ICO – Raise capital, but more likely to lose it all if the SEC pushes, and odds are you’ve built a useless product on a worthless protocol (because the functional protocols needed for disruption aren’t in production yet). STO – register your token offering as securities, enable regulatory compliance while opening up a new set of legal vulnerabilities (investor protection), with no secondary trading market, and often limited use of blockchain (equity doesn’t go past tokenization which is a mediocre implementation of blockchain at best. ). The biggest disadvantage of STOs is the tokenization model with securities. A true utility token model will absolutely destroy a competing security token model any day of the week. So there it is, but remember the story of the tortoise and the hare has great value.