{"id":89,"date":"2021-11-04T12:28:50","date_gmt":"2021-11-04T05:28:50","guid":{"rendered":"https:\/\/coinvietnam.vn\/news\/?p=89"},"modified":"2021-11-25T20:09:33","modified_gmt":"2021-11-25T13:09:33","slug":"sto-la-gi","status":"publish","type":"post","link":"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/","title":{"rendered":"STO l\u00e0 g\u00ec? Li\u1ec7u STO c\u00f3 ph\u1ea3i l\u00e0 xu h\u01b0\u1edbng k\u1ebf ti\u1ebfp ICO v\u00e0 IEO?"},"content":{"rendered":"<div>\n<p>Cu\u1ed1i 2018 v\u00e0 \u0111\u1ea7u 2019 c\u1ed9ng \u0111\u1ed3ng, b\u00e1o ch\u00ed thi nhau n\u00f3i v\u1ec1 STO nh\u01b0 1 trend s\u1ebd \u0111\u1ed5 b\u1ed9 v\u00e0 thay th\u1ebf ICO.<\/p>\n<p>Nh\u01b0ng cho t\u1edbi khi IEO \u0111\u01b0\u1ee3c Binance kh\u1edfi x\u01b0\u1edbng th\u00f4ng qua Binance Launchpad th\u00ec h\u1ea7u nh\u01b0 kh\u00f4ng th\u1ea5y b\u00e1o ch\u00ed nh\u1eafc t\u1edbi STO g\u00ec n\u1eefa.<\/p>\n<p>Gi\u1edd \u0111\u00e3 l\u00e0 Q4 2019, khi m\u00e0 IEO \u0111\u00e3 gi\u1ea3m nhi\u1ec7t, trend trading ph\u00e1i sinh (derivatives) \u0111ang l\u00ean v\u00e0 xu h\u01b0\u1edbng g\u1ecdi v\u1ed1n m\u1edbi ch\u01b0a \u0111\u01b0\u1ee3c \u0111\u1ecbnh h\u00ecnh r\u00f5 r\u00e0ng.<\/p>\n<p>Ch\u01b0a r\u00f5 sau IEO th\u00ec h\u00ecnh th\u1ee9c g\u1ecdi v\u1ed1n n\u00e0o s\u1ebd l\u00ean ng\u00f4i, nh\u01b0ng STO s\u1edbm mu\u1ed9n g\u00ec c\u0169ng s\u1ebd ph\u1ed5 bi\u1ebfn v\u00e0 \u0111\u01b0\u1ee3c s\u1ef1 ch\u1ea5p nh\u1eadn c\u1ee7a c\u1ea3 c\u1ed9ng \u0111\u1ed3ng v\u00e0 c\u00e1c nh\u00e0 l\u00e0m lu\u1eadt. Trong b\u00e0i vi\u1ebft h\u00f4m nay, h\u00e3y c\u00f9ng m\u00ecnh t\u00ecm hi\u1ec3u v\u1ec1 STO c\u0169ng nh\u01b0 ti\u1ec1m n\u0103ng v\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 v\u00e0o n\u00f3 trong th\u1eddi gian t\u1edbi.<\/p>\n<h2 id=\"STO_l\u00e0_g\u00ec?\">STO l\u00e0 g\u00ec?<\/h2>\n<p><strong>STO (Security Token Offering)<\/strong> l\u00e0 h\u00ecnh th\u1ee9c g\u1ecdi v\u1ed1n th\u00f4ng qua vi\u1ec7c b\u00e1n token cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0. H\u00ecnh th\u1ee9c n\u00e0y ph\u1ea7n n\u00e0o \u0111\u00f3 gi\u1ed1ng v\u1edbi ICO (Initial Coin Offering) nh\u01b0ng c\u00f3 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t \u1edf ch\u1ed7, trong ICO hay IEO, c\u00e1c coin\/token kh\u00f4ng \u0111\u1ea1i di\u1ec7n cho t\u00e0i s\u1ea3n hay c\u1ed5 phi\u1ebfu (h\u1eefu h\u00ecnh) n\u00e0o c\u1ee7a d\u1ef1 \u00e1n. C\u00f2n trong STO, c\u00e1c token l\u00e0 security tokens (hay c\u00e1c token ch\u1ee9ng kho\u00e1n) n\u00f3 c\u00f3 th\u1ec3 \u0111\u1ea1i di\u1ec7n cho stocks, bond, funds, real estate,.. c\u1ee7a d\u1ef1 \u00e1n, c\u00f4ng ty \u0111\u00f3.<\/p>\n<p>D\u1ef1a tr\u00ean l\u01b0\u1ee3ng security token n\u1eafm gi\u1eef, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c dividends (c\u1ed5 t\u1ee9c), l\u1ee3i nhu\u1eadn (t\u1eeb ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty), c\u1ed5 ph\u1ea7n, ho\u1eb7c b\u1ea5t k\u1ef3 ho\u1ea1t \u0111\u1ed9ng n\u00e0o sinh ra l\u1ee3i nhu\u1eadn c\u1ee7a c\u00f4ng ty, d\u1ef1 \u00e1n. Do v\u1eady STO ph\u1ea7n n\u00e0o \u0111\u00f3 gi\u1ed1ng v\u1edbi IPO truy\u1ec1n th\u1ed1ng, nh\u01b0ng c\u00e1c token \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi blockchain, n\u00ean n\u00f3 c\u0169ng mang nh\u1eefng \u01b0u \u0111i\u1ec3m c\u1ee7a blockchain &amp; smart contract, t\u1ea1o n\u00ean l\u1ee3i th\u1ebf h\u01a1n so v\u1edbi c\u1ea3 ICO v\u00e0 IPO.<\/p>\n<p>\u1ede ph\u1ea7n d\u01b0\u1edbi m\u00ecnh s\u1ebd gi\u1ea3i th\u00edch r\u00f5 h\u01a1n, th\u00f4ng qua c\u00e1c s\u1ed1 li\u1ec7u li\u00ean quan t\u1edbi STO.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh3.googleusercontent.com\/RkcBmxLin-iPX-2hoX2B214XkvRA9ShTprlyUpw2QJza6XwIvrHojjm6ZxiqyP2c8FdIhrricaDPfMYrJyAB8sVc4PQK7lovzA2mkM-G49tvQfhj3iGGEnXHWdHkdOn4q_9FYsrR\" width=\"624\" height=\"153\" \/><\/p>\n<p>Trong h\u1ec7 sinh th\u00e1i c\u1ee7a STO g\u1ed3m c\u00e1c th\u00e0nh ph\u1ea7n sau:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">STO Platform: L\u00e0 c\u00e1c d\u1ef1 \u00e1n cho ph\u00e9p token ho\u00e1 v\u00e0 ph\u00e1t h\u00e0nh c\u00e1c security tokens \u0111\u1ec3 tri\u1ec3n khai STO<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">STO Projects: C\u00e1c d\u1ef1 \u00e1n ph\u00e1t h\u00e0nh security token (token ch\u1ee9ng kho\u00e1n) c\u1ee7a ri\u00eang h\u1ecd. H\u1ecd ph\u00e1t h\u00e0nh th\u00f4ng qua vi\u1ec7c s\u1eed d\u1ee5ng d\u1ecbch v\u1ee5 c\u1ee7a c\u00e1c STO Platform<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">STO exchange: l\u00e0 c\u00e1c s\u00e0n cho ph\u00e9p giao d\u1ecbch c\u00e1c security token k\u1ec3 tr\u00ean.<\/p>\n<\/li>\n<\/ul>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh3.googleusercontent.com\/mvYubMujbBfDldDgEoFkbaVaEkKUgLd1VlxriDqoFnTr7kpwFewUI5qRVYNfM_Qj1DKaKgP4V9bprZu3fKKlDnt3XH8TZBa5I7lqmhcL4TrqOYnE9QjFRYjDU6qZtp2GgaevH8rP\" width=\"624\" height=\"196\" \/><\/p>\n<h2 id=\"Security_Token_(token_ch\u1ee9ng_kho\u00e1n)_l\u00e0_g\u00ec?\">Security Token (token ch\u1ee9ng kho\u00e1n) l\u00e0 g\u00ec?<\/h2>\n<p>Security Token hay token ch\u1ee9ng kho\u00e1n l\u00e0 c\u00e1c token \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh th\u00f4ng qua h\u00ecnh th\u1ee9c STO. C\u00e1c Security token th\u01b0\u1eddng \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi c\u00e1c n\u1ec1n t\u1ea3ng (d\u1ef1 \u00e1n) chuy\u00ean bi\u1ec7t ph\u00e1t h\u00e0nh STO nh\u01b0 Swarm, Polymath, Lition, Own, Securitize,..<\/p>\n<p>M\u1ed9t token \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 security token khi tho\u1ea3 m\u00e3n \u0111\u1ee7 c\u00e1c \u0111i\u1ec1u ki\u1ec7n sau:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">Token \u0111\u00f3 ph\u1ea3i l\u00e0 1 s\u1ea3n ph\u1ea9m \u0111\u1ea7u t\u01b0 t\u00e0i ch\u00ednh<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">C\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u01b0\u1ee3c \u0111\u01b0a t\u1edbi c\u00f4ng ty ho\u1eb7c t\u1ed5 ch\u1ee9c<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 k\u1ef3 v\u1ecdng s\u1edf h\u1eefu token \u0111\u00f3 \u0111\u1ec3 ki\u1ebfm l\u1ee3i nhu\u1eadn<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">L\u1ee3i nhu\u1eadn k\u1ef3 v\u1ecdng \u0111\u01b0\u1ee3c t\u1ea1o ra b\u1edfi b\u00ean th\u1ee9 3<\/p>\n<\/li>\n<\/ul>\n<h2 id=\"\u0110\u1eb7c_\u0111i\u1ec3m_c\u1ee7a_STO\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a STO<\/h2>\n<p>\u0110\u1ea7u ti\u00ean m\u00ecnh mu\u1ed1n n\u00f3i t\u1edbi c\u00e1c v\u1ea5n \u0111\u1ec1 t\u1ed3n t\u1ea1i c\u1ee7a ICO.<\/p>\n<ul>\n<li>\n<p role=\"presentation\">M\u1ed9t trong s\u1ed1 nh\u1eefng nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a h\u00ecnh th\u1ee9c ICO, hay IEO l\u00e0 c\u00e1c token \u0111\u01b0\u1ee3c b\u00e1n ra kh\u00f4ng g\u1eafn v\u1edbi b\u1ea5t k\u1ef3 gi\u00e1 tr\u1ecb c\u1ee7a n\u00e0o c\u1ee7a c\u00f4ng ty.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">Kh\u00f4ng c\u00f3 \u0111i\u1ec1u kho\u1ea3n r\u00e0ng bu\u1ed9c n\u00e0o v\u1ec1 vi\u1ec7c c\u00e1c d\u1ef1 \u00e1n g\u1ecdi v\u1ed1n ph\u1ea3i c\u00f3 tr\u00e1ch nhi\u1ec7m v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">Nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef nhi\u1ec1u token ICO, ho\u1eb7c d\u1ef1 \u00e1n c\u00f3 th\u1ec3 b\u00e1n th\u00e1o, ho\u1eb7c \u0111\u1ea9y gi\u00e1 token m\u00e0 kh\u00f4ng b\u1ecb ki\u1ec3m so\u00e1t ho\u1eb7c ch\u1ecbu tr\u00e1ch nhi\u1ec7m.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">V\u00e0 quan tr\u1ecdng n\u1eefa l\u00e0 trong h\u00ecnh th\u1ee9c ICO, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 h\u1ea7u nh\u01b0 kh\u00f4ng \u0111\u01b0\u1ee3c ph\u00e1p lu\u1eadt b\u1ea3o v\u1ec7.\u0110i\u1ec3m h\u00ecnh l\u00e0 m\u1ed9t s\u1ed1 d\u1ef1 \u00e1n ICO huy \u0111\u1ed9ng v\u1ed1n xong team b\u1ecf tr\u1ed1n, ho\u1eb7c brearish dump gi\u00e1 token c\u1ee7a h\u1ecd khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 thi\u1ec7t h\u1ea1i nh\u01b0ng c\u0169ng kh\u00f4ng ai \u0111\u1ee9ng ra gi\u1ea3i quy\u1ebft. V\u00ed d\u1ee5 nh\u01b0: Onecoin, GRX, Bitconnect, Regalcoin, ..<\/p>\n<\/li>\n<\/ul>\n<p><strong>STO sinh ra \u0111\u1ec3 gi\u1ea3i quy\u1ebft c\u00e1c v\u1ea5n \u0111\u1ec1 k\u1ec3 tr\u00ean.<\/strong><\/p>\n<h3 id=\"\u01afu_\u0111i\u1ec3m_c\u1ee7a_STO\">\u01afu \u0111i\u1ec3m c\u1ee7a STO<\/h3>\n<p>STO mang l\u1ea1i l\u1ee3i \u00edch c\u1ea3 cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 nh\u1eefng n\u1ec1n t\u1ea3ng ph\u00e1t h\u00e0nh STO<\/p>\n<p><strong>V\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 (Investors):<\/strong><\/p>\n<ul>\n<li>\n<p role=\"presentation\"><strong>Gi\u1ea3m thi\u1ec3u r\u1ee7i ro cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0<\/strong>C\u00e1c d\u1ef1 \u00e1n, c\u00f4ng ty ph\u00e1t h\u00e0nh qua STO \u0111\u1ec1u ph\u1ea3i tu\u00e2n th\u1ee7 c\u00e1c quy \u0111\u1ecbnh c\u1ee7a ph\u00e1p lu\u1eadt. Ch\u00fang ta c\u00f3 th\u1ec3 coi \u0111\u00e2y l\u00e0 m\u00e0ng l\u1ecdc \u0111\u1ea7u ti\u00ean \u0111\u1ec3 lo\u1ea1i b\u1ecf c\u00e1c d\u1ef1 \u00e1n l\u1eeba \u0111\u1ea3o, scam. C\u00e1c d\u1ef1 \u00e1n ph\u00e1t h\u00e0nh STO kh\u00f4ng ho\u00e0n th\u00e0nh \u0111\u00fang l\u1ed9 tr\u00ecnh Roadmap c\u00f3 th\u1ec3 b\u1ecb ph\u00e1t theo lu\u1eadt ph\u00e1p.V\u00ed d\u1ee5 nh\u01b0 Blockstack l\u00e0 d\u1ef1 \u00e1n \u0111\u00e3 \u0111\u01b0\u1ee3c SEC (U\u1ef7 ban ch\u1ee9ng kho\u00e1n Hoa K\u1ef3) ch\u1ea5p thu\u1eadn cho b\u00e1n token theo quy \u0111\u1ecbnh A+ (c\u1ea5p \u0111\u1ed9 n\u00e0y ch\u1ec9 d\u01b0\u1edbi IPO).<\/p>\n<\/li>\n<li>\n<p role=\"presentation\"><strong>Ti\u1ebfng n\u00f3i c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0<\/strong>S\u1edf h\u1eefu Security Token \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c anh em s\u1edf h\u1eefu 1 ph\u1ea7n d\u1ef1 \u00e1n, c\u00f4ng ty \u0111\u00f3. V\u00ec v\u1eady, n\u00f3 c\u0169ng \u0111\u1ea1i di\u1ec7n cho ti\u1ebfng n\u00f3i c\u1ee7a c\u00e1c investors, c\u00e0ng n\u1eafm gi\u1eef nhi\u1ec1u token th\u00ec t\u1ea7m \u1ea3nh h\u01b0\u1edfng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e0ng l\u1edbn.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\"><strong>Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 tham gia<\/strong>Vi\u1ec7c \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu theo h\u00ecnh th\u1ee9c truy\u1ec1n th\u1ed1ng, s\u1ebd gi\u1edbi h\u1ea1n l\u01b0\u1ee3ng ng\u01b0\u1eddi tham gia \u1edf c\u00e1c qu\u1ed1c gia kh\u00e1c nhau, c\u0169ng nh\u01b0 y\u00eau c\u1ea7u m\u1ee9c v\u1ed1n t\u1ed1i thi\u1ec3u c\u1ea7n c\u00f3 \u0111\u1ec3 b\u1eaft \u0111\u1ea7u. Nh\u01b0ng v\u1edbi STO th\u00ec r\u00e0o c\u1ea3n v\u1ec1 kho\u1ea3ng c\u00e1ch, v\u1ecb tr\u00ed \u0111\u1ecba l\u00fd, s\u1ebd \u0111\u01b0\u1ee3c xo\u00e1 b\u1ecf. V\u00e0 n\u00f3 cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u1edf nhi\u1ec1u n\u01a1i tham gia v\u1edbi s\u1ed1 v\u1ed1n t\u1ed1i thi\u1ec3u nh\u1ecf c\u0169ng c\u00f3 th\u1ec3 tham gia v\u1edbi nhi\u1ec1u d\u1ef1 \u00e1n STO kh\u00e1c nhau.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\"><strong>Gi\u1ea3m chi ph\u00ed trung gian, ph\u00ed v\u1eadn h\u00e0nh<\/strong>Do c\u00e1c token \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh tr\u00ean blockchain v\u00e0 s\u1eed d\u1ee5ng smart contract, n\u00ean n\u00f3 lo\u1ea1i b\u1ecf \u0111\u00e1ng k\u1ec3 c\u00e1c trung gian nh\u01b0 brokers, ng\u00e2n h\u00e0ng, c\u0169ng nh\u01b0 c\u00e1c b\u00ean lu\u1eadt.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\"><strong>T\u0103ng t\u00ednh thanh kho\u1ea3n<\/strong>Do xo\u00e1 b\u1ecf \u0111\u01b0\u1ee3c kho\u1ea3ng c\u00e1ch c\u0169ng nh\u01b0 \u0111i\u1ec1u ki\u1ec7n tham gia \u0111\u1ea7u t\u01b0, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn v\u00e0 giao d\u1ecbch. T\u1eeb \u0111\u00f3 t\u1ea1o n\u00ean t\u00ednh thanh kho\u1ea3n cao cho th\u1ecb tr\u01b0\u1eddng n\u00e0y.<\/p>\n<\/li>\n<\/ul>\n<p><strong>V\u1edbi c\u00e1c n\u1ec1n t\u1ea3ng ph\u00e1t h\u00e0nh STO:<\/strong><\/p>\n<ul>\n<li>\n<p role=\"presentation\">C\u00f3 b\u1ed9 khung chu\u1ea9n \u0111\u1ec3 thi\u1ebft k\u1ebf n\u1ec1n t\u1ea3ng c\u00f3 th\u1ec3 d\u1ef1a v\u00e0o \u0111\u00f3 \u0111\u1ec3 ph\u00e1t tri\u1ec3n c\u00e1c s\u1ea3n ph\u1ea9m STO ph\u00f9 h\u01a1p.V\u00ed d\u1ee5: Lition l\u00e0 d\u1ef1 \u00e1n STO n\u1ec1n t\u1ea3ng tu\u00e2n th\u1ee7 theo ti\u00eau chu\u1ea9n GDPR (General Data Protection Regulations) m\u00e0 ngh\u1ecb vi\u1ec7n EU \u0111\u00e3 ban h\u00e0nh.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">Security Token c\u0169ng s\u1ebd mang nh\u1eefng \u01b0u \u0111i\u1ec3m c\u1ee7a blockchain nh\u01b0 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c l\u1eadp tr\u00ecnh th\u00f4ng qua smart contract. Vi\u1ec7c n\u00e0y t\u1ed1i \u01b0u h\u01a1n h\u1eb3n c\u00e1c s\u1ea3n ph\u1ea9m stocks, hay bonds truy\u1ec1n th\u1ed1ng.<\/p>\n<\/li>\n<\/ul>\n<h3 id=\"Nh\u01b0\u1ee3c_\u0111i\u1ec3m_c\u1ee7a_STO\">Nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a STO<\/h3>\n<p>T\u1ea5t nhi\u00ean STO c\u0169ng c\u00f3 nh\u1eefng nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a n\u00f3, \u0111\u1eb7c bi\u1ec7t \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u ti\u00ean n\u00e0y:<\/p>\n<ul>\n<li>\n<p role=\"presentation\"><strong>Ch\u01b0a c\u00f3 khung ph\u00e1p l\u00fd r\u00f5 r\u00e0ng.<\/strong>\u1ede tr\u00ean m\u00ecnh c\u00f3 nh\u1eafc t\u1edbi c\u00e1c token ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c ban h\u00e0nh s\u1ebd tu\u00e2n theo c\u00e1c quy \u0111\u1ecbnh ph\u00e1p lu\u1eadt, nh\u01b0ng th\u1ef1c t\u1ebf khung ph\u00e1p l\u00fd ch\u01b0a r\u00f5 r\u00e0ng. Ch\u00fang ta m\u1edbi ch\u1ec9 \u0111ang hi\u1ec3u ng\u1ea7m v\u1edbi nhau v\u00e0 \u00e1p n\u00f3 cho h\u00ecnh th\u1ee9c STO gi\u1ed1ng IPO.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\"><strong>\u00c1p l\u1ef1c cho c\u00e1c d\u1ef1 \u00e1n<\/strong>Do ph\u1ea3i tu\u00e2n th\u1ee7 c\u00e1c quy \u0111\u1ecbnh ph\u00e1p l\u00fd, n\u00ean n\u1ebfu d\u1ef1 \u00e1n g\u1eb7p kh\u00f3 kh\u0103n, ho\u1eb7c thay \u0111\u1ed5i l\u1ed9 tr\u00ecnh th\u00ec c\u00e1c d\u1ef1 \u00e1n s\u1ebd ph\u1ea3i ch\u1ecbu tr\u00e1ch nhi\u1ec7m. T\u1eeb \u0111\u00f3 t\u1ea1o \u00e1p l\u1ef1c cho c\u00f4ng ty.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\"><strong>H\u1ea1n ch\u1ebf c\u1ee7a Security Token<\/strong>Do l\u00e0 token ch\u1ee9ng kho\u00e1n, n\u00ean s\u1ebd h\u1ea1n ch\u1ebf v\u1ec1 t\u00ednh n\u0103ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 n\u00f3 c\u00f2n ph\u1ea3i tu\u00e2n th\u1ee7 theo quy \u0111\u1ecbnh ph\u00e1p lu\u1eadt. S\u1ebd r\u1ea5t kh\u00f3 \u0111\u1ec3 s\u1eed d\u1ee5ng security token nh\u01b0 1 utility token (token ti\u1ec7n \u00edch) trong h\u1ec7 sinh th\u00e1i c\u1ee7a d\u1ef1 \u00e1n.<\/p>\n<\/li>\n<\/ul>\n<p>M\u1ed9t \u0111i\u1ec3m kh\u00f3 \u0111\u1ed1i v\u1edbi c\u00e1c d\u1ef1 \u00e1n mu\u1ed1n g\u1ecdi v\u1ed1n d\u01b0\u1edbi h\u00ecnh th\u1ee9c STO n\u1eefa, \u0111\u00f3 l\u00e0: c\u00e1c token ch\u1ee9ng kho\u00e1n (Security token) \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh v\u1edbi gi\u00e1 tr\u1ecb g\u1eafn v\u1edbi t\u00e0i s\u1ea3n c\u1ee7a c\u00f4ng ty. Vi\u1ec7c n\u00e0y c\u00f3 ngh\u0129a l\u00e0:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">T\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh \u0111\u00f3 ph\u1ea3i \u0111\u01b0\u1ee3c \u0111\u0103ng k\u00fd ho\u1ea1t \u0111\u1ed9ng, ph\u1ea3i l\u00e0 c\u00f4ng ty \u0111\u01b0\u1ee3c ph\u00e1p lu\u1eadt ch\u1ee9ng nh\u1eadn<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">C\u00f4ng ty ph\u1ea3i c\u00f3 t\u00e0i s\u1ea3n. T\u00e0i s\u1ea3n \u0111\u00f3 c\u00f3 th\u1ec3 l\u00e0 c\u01a1 s\u1edf v\u1eadt ch\u1ea5t, ho\u1eb7c doanh thu l\u1ee3i nhu\u1eadn t\u1eeb ho\u1ea1t \u0111\u1ed9ng c\u00f4ng ty \u0111\u00f3.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">M\u00e0 th\u01b0\u1eddng l\u00e0 c\u00e1c start up m\u1edbi b\u1eaft \u0111\u1ea7u ho\u1ea1t \u0111\u1ed9ng, ho\u1eb7c th\u1eadm ch\u00ed m\u1edbi b\u1eaft \u0111\u1ea7u xu\u1ea5t hi\u1ec7n \u00fd t\u01b0\u1edfng mu\u1ed1n tri\u1ec3n khai g\u1ecdi v\u1ed1n \u0111\u1ec1 l\u1ea5y ti\u1ec1n ho\u1ea1t \u0111\u1ed9ng ti\u1ebfp. Nh\u01b0 v\u1eady h\u1ecd kh\u00f4ng c\u00f3 l\u1ee3i nhu\u1eadn, c\u0169ng kh\u00f4ng c\u00f3 s\u1eb5n l\u01b0\u1ee3ng t\u00e0i s\u1ea3n \u0111\u00e1ng k\u1ec3 \u0111\u1ec3 \u0111\u1ecbnh gi\u00e1 token d\u1ef1a v\u00e0o l\u1ee3i nhu\u1eadn \u0111\u00f3.<\/p>\n<\/li>\n<\/ul>\n<p>Do v\u1eady \u0111\u00e2y l\u00e0 1 c\u1ea3n tr\u1edf r\u1ea5t l\u1edbn \u0111\u1ed1i v\u1edbi c\u00e1c start-up mu\u1ed1n k\u00eau g\u1ecdi v\u1ed1n qua h\u00ecnh th\u1ee9c STO.<\/p>\n<h2 id=\"So_s\u00e1nh_STO_vs_ICO\">So s\u00e1nh STO vs ICO<\/h2>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh4.googleusercontent.com\/zQ-MI72SjYcmEWulJnv2U4uC1wSwLYnzk1o4xd47J_TCbzGqe47VA5_YhNQ0nl9xcbArs30gCnu3Kon51bE0FLVnEXQSVsHQ85sFQrAHTXLeMVOSQrbkpZOoNr0D5iJIPs8VXapM\" width=\"587\" height=\"274\" \/><\/p>\n<ul>\n<li>\n<p role=\"presentation\">V\u1ec1 m\u1eb7t token:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">STO s\u1ebd ph\u00e1t h\u00e0nh ra c\u00e1c token ch\u1ee9ng kho\u00e1n<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">ICO th\u01b0\u1eddng phats h\u00e0nh c\u00e1c Utility token<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p role=\"presentation\">\u0110\u1ecbnh gi\u00e1 token:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">STO: Gi\u00e1 c\u1ee7a c\u00e1c security token \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 theo t\u00e0i s\u1ea3n c\u00f4ng ty<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">ICO: Gi\u00e1 token \u0111\u01b0\u1ee3c quy\u1ebft \u0111\u1ecbnh ban \u0111\u1ea7u b\u1edfi team dev<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p role=\"presentation\">V\u1ec1 m\u1eb7t ph\u00e1p lu\u1eadt:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">STO \u0111\u01b0\u1ee3c ph\u00e1p lu\u1eadt b\u1ea3o v\u1ec7 (\u0111ang x\u00e2y d\u1ef1ng khung ph\u00e1p l\u00fd)<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">ICO th\u00ec kh\u00f4ng c\u00f3, v\u00e0 th\u1eadm ch\u00ed c\u00f2n b\u1ecb h\u1ea1n ch\u1ebf \u1edf m\u1ed9t s\u1ed1 qu\u1ed1c gia<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p role=\"presentation\">T\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">STO: C\u00f3, n\u00f3 c\u00f3 th\u1ec3 l\u00e0 t\u00e0i s\u1ea3n c\u00f4ng ty, ch\u1ee9ng kho\u00e1n, c\u1ed5 phi\u1ebfu,..<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">ICO: Kh\u00f4ng<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>M\u1ed9t s\u1ef1 kh\u00e1c bi\u1ec7t kh\u00e1c r\u1ea5t l\u1edbn gi\u1eefa c\u00e1c token STO v\u00e0 ICO l\u00e0 v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng. C\u00e1c security token g\u1eafn v\u1edbi gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a c\u00f4ng ty, n\u00ean n\u00f3 c\u00f3 ngu\u1ed3n cung gi\u1edbi h\u1ea1n (t\u1ea5t nhi\u00ean kh\u00f4ng c\u00f4ng ty n\u00e0o c\u00f3 t\u00e0i s\u1ea3n, ho\u1eb7c gi\u00e1 tr\u1ecb v\u00f4 bi\u00ean). Trong khi \u0111\u00f3, c\u00e1c utility token c\u1ee7a c\u00e1c d\u1ef1 \u00e1n ICO th\u00ec kh\u00f4ng b\u1eaft bu\u1ed9c \u0111i\u1ec1u n\u00e0y. Vi\u1ec7c s\u1ed1 l\u01b0\u1ee3ng token v\u00e0 ngu\u1ed3n cung gi\u1edbi h\u1ea1n hay kh\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1ch thi\u1ebft k\u1ebf c\u1ee7a \u0111\u1ed9i ng\u0169 team dev.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh6.googleusercontent.com\/Lie4xMr7d8TzXtMXUOdyLpzlHi9fqtwZBCcyq_zxibGJTs2jpHbgIqJfUt0cA2dgX5sHzkGrbPqNNUQLSQFA74sJ1YWN9QH1AAzv5CYHiQ1ZyT6ssL3adbps_NFQ9BixLq-ozcLQ\" width=\"624\" height=\"337\" \/><\/p>\n<h2 id=\"So_s\u00e1nh_c\u00e1c_d\u1ef1_\u00e1n_STO_vs_ICO\">So s\u00e1nh c\u00e1c d\u1ef1 \u00e1n STO vs ICO<\/h2>\n<p>S\u1ed1 li\u1ec7u b\u00ean d\u01b0\u1edbi \u0111\u01b0\u1ee3c m\u00ecnh t\u1ed5ng h\u1ee3p t\u1eeb cu\u1ed1i th\u00e1ng 12\/2018 \u0111\u1ec3 so s\u00e1nh gi\u1eefa t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00e1c d\u1ef1 \u00e1n STO so v\u1edbi ICO.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh3.googleusercontent.com\/e4tzYORc618Okot1Ol4dy5deyiafSMJg3jFAhudNpz-xcx4N4NPBTy2i3a6fL5Dr1o7B-T4qTpzyM0hR8YSWEEAkp7YHsqI12SWYFXHC6MGWhVP4ThvqoeOHCAIehCfCU4bcXObw\" width=\"426\" height=\"429\" \/><\/p>\n<p>Ta th\u1ea5y c\u00f9ng v\u1edbi tr\u00e0o l\u01b0u ICO \u0111i xu\u1ed1ng, l\u01b0\u1ee3ng d\u1ef1 ph\u00e1t h\u00e0nh ICO c\u00f9ng gi\u1ea3m \u0111i \u0111\u00e1ng k\u1ec3. Song song v\u1edbi \u0111\u00f3, c\u00e1c d\u1ef1 \u00e1n STO \u0111\u00e3 b\u1eaft \u0111\u1ea7u c\u00f3 d\u1ea5u hi\u1ec7u t\u0103ng nhanh t\u1eeb n\u1eeda sau 2018.<\/p>\n<p>\u1ede ph\u1ea7n d\u01b0\u1edbi m\u00ecnh s\u1ebd \u0111\u01b0a ra s\u1ed1 li\u1ec7u v\u1ec1 t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00e1c d\u1ef1 \u00e1n STO.<\/p>\n<h2 id=\"T\u00ecnh_h\u00ecnh_STO_hi\u1ec7n_t\u1ea1i_th\u00f4ng_qua_c\u00e1c_con_s\u1ed1\">T\u00ecnh h\u00ecnh STO hi\u1ec7n t\u1ea1i th\u00f4ng qua c\u00e1c con s\u1ed1<\/h2>\n<p>D\u01b0\u1edbi \u0111\u00e2y m\u00ecnh tr\u00edch d\u1eabn s\u1ed1 li\u1ec7u c\u1ee7a STOCheck,<\/p>\n<h3 id=\"C\u00e1c_d\u1ef1_\u00e1n_STO\">C\u00e1c d\u1ef1 \u00e1n STO<\/h3>\n<p><strong>Ph\u00e2n lo\u1ea1i d\u1ef1 \u00e1n theo nh\u00f3m \u0111\u1ea7u t\u01b0:<\/strong><\/p>\n<p>Nh\u00f3m Company Equity (c\u1ed5 ph\u1ea7n c\u00f4ng ty) \u0111ang \u0111\u01b0\u1ee3c quan t\u00e2m nhi\u1ec1u nh\u1ea5t. Chi\u1ebfm t\u1edbi 52.44% t\u1ed5ng l\u01b0\u1ee3ng d\u1ef1 \u00e1n g\u1ecdi v\u1ed1n STO. \u0110i\u1ec1u \u0111\u00f3 ch\u1ee9ng t\u1ecf c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m nhi\u1ec1u t\u1edbi gi\u00e1 tr\u1ecb, t\u00e0i s\u1ea3n th\u1eadt c\u1ee7a c\u00f4ng ty \u0111ang c\u00f3. C\u00e1c nh\u00f3m Participation Certificate, Equity Funds c\u0169ng \u0111\u01b0\u1ee3c quan t\u00e2m nhi\u1ec1u.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh4.googleusercontent.com\/2YAFEriMHRMx1AStKmEKo8soP14-t85dJAr9EegTWlqUy1MhxxKrH3-i3RFj-5pLpS5wtKZXY-RI1aNciD2Js8udxbgEBOFVs0jufY-UX1n-KipMHxucQRWw26wmQavcPx_CD_jH\" width=\"560\" height=\"301\" \/><\/p>\n<p><strong>Ph\u00e2n lo\u1ea1i theo c\u00e1c ng\u00e0nh ngh\u1ec1:<\/strong><\/p>\n<p>Ri\u00eang trong \u0111\u00f3, Financial Services (c\u00e1c d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh) chi\u1ebfm t\u1edbi kho\u1ea3ng \u2153 t\u1ed5ng l\u01b0\u1ee3ng d\u1ef1 \u00e1n STO. Ngay sau \u0111\u00f3 l\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n Real Estate v\u00e0 nh\u00f3m Technology. V\u1edbi 3 nh\u00f3m \u0111\u1ea7u ti\u00ean n\u00e0y, ta th\u1ea5y s\u1ef1 quan t\u00e2m c\u1ee7a c\u00e1c investors c\u0169ng gi\u1ed1ng nh\u01b0 trong th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng: b\u1ea5t \u0111\u1ed9ng s\u1ea3n, c\u00f4ng ngh\u1ec7, d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh lu\u00f4n l\u00e0 c\u00e1c nh\u00f3m ng\u00e0nh \u0111\u01b0\u1ee3c \u01b0u ti\u00ean \u0111\u1ea7u t\u01b0 tr\u01b0\u1edbc ti\u00ean c\u1ee7a nhi\u1ec1u ng\u01b0\u1eddi.<\/p>\n<p>Qua \u0111\u00f3 cho th\u1ea5y STO \u0111\u00e3 b\u1eaft \u0111\u1ea7u c\u00f3 s\u1ef1 quan t\u00e2m, tham gia c\u1ee7a nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng. \u0110\u00e2y ch\u00ednh l\u00e0 t\u00edn hi\u1ec7u \u0111\u00e1ng m\u1eebng v\u00e0 cho th\u1ea5y STO \u0111ang \u0111i \u0111\u00fang h\u01b0\u1edbng (thu h\u00fat c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng).<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh5.googleusercontent.com\/41WLayE_dKdtvOIeWVNBP-5s3Gqw_8hRBSDuYddIotQS2emBia6_KLGx6WJ5fKt-cF9fGZZHLDrzl8mzJ6b5Fdra7bfO6aZaDToO6F4T5d1Fq3XhvbUBjLrZ_4-o1XsHh4Xgqqjn\" width=\"624\" height=\"384\" \/><\/p>\n<p>Th\u00eam 1 s\u1ed1 li\u1ec7u kh\u00e1c t\u1eeb Inwara, 1 c\u00f4ng ty chuy\u00ean cung c\u1ea5p s\u1ed1 li\u1ec7u, b\u00e1o c\u00e1o ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng trong crypto.<\/p>\n<p>N\u1ebfu x\u00e9t v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng d\u1ef1 \u00e1n ph\u00e1t h\u00e0nh th\u00f4ng qua h\u00ecnh th\u1ee9c STO, con s\u1ed1 n\u00e0y v\u1eabn c\u00f2n qu\u00e1 nh\u1ecf b\u00e9 so v\u1edbi s\u1ed1 l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y d\u1ef1 \u00e1n ICO t\u1eeb 2017 t\u1edbi gi\u1edd. Nh\u01b0ng \u1edf \u0111\u00e2y m\u00ecnh mu\u1ed1n n\u00f3i t\u1edbi t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng. Ch\u1ec9 sau 1 n\u0103m, t\u1eeb Q1 2018 t\u1edbi Q1 2019, l\u01b0\u1ee3ng d\u1ef1 \u00e1n ph\u00e1t h\u00e0nh d\u01b0\u1edbi h\u00ecnh th\u1ee9c STO \u0111\u00e3 g\u1ea5p h\u01a1n 3.3 l\u1ea7n.<\/p>\n<p>Con s\u1ed1 n\u00e0y ph\u1ea3n \u00e1nh STO \u0111ang d\u1ea7n \u0111\u01b0\u1ee3c bi\u1ebft t\u1edbi nhi\u1ec1u v\u00e0 c\u00e1c d\u1ef1 \u00e1n b\u1eaft \u0111\u1ea7u c\u00e2n nh\u1eafc t\u1edbi l\u01b0a ch\u1ecdn STO l\u00e0 h\u00ecnh th\u1ee9c g\u1ecdi v\u1ed1n.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh4.googleusercontent.com\/5dwb7eeZADpICTs30j5CKPOXdTYHZgA5EtK-FAqOB_d9BuUL-L0vc5LIyfCZWgyAdH9-1P6XJ2AfU3RNRFXA8powvjJQ6rllXa_dMMzl5qvZeBdJtSO2wQbh_ZBypATkSELDyCRY\" width=\"566\" height=\"381\" \/><\/p>\n<h2 id=\"Ti\u1ec1m_n\u0103ng_c\u1ee7a_STO\">Ti\u1ec1m n\u0103ng c\u1ee7a STO<\/h2>\n<p>Nh\u01b0 m\u00ecnh \u0111\u00e3 ph\u00e2n t\u00edch \u1edf ph\u1ea7n Nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a STO, h\u00ecnh th\u1ee9c g\u1ecdi v\u1ed1n v\u1edbi token ch\u1ee9ng kho\u00e1n n\u00e0y kh\u00f4ng ph\u00f9 h\u1ee3p v\u1edbi t\u1ea5t c\u1ea3 c\u00e1c d\u1ef1 \u00e1n. C\u00e1c startup non tr\u1ebb ch\u01b0a c\u00f3 s\u1ea3n ph\u1ea9m ho\u1ea1t \u0111\u1ed9ng, ch\u01b0a c\u00f3 doanh thu s\u1ebd kh\u00f4ng tho\u1ea3 m\u00e3n \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 ph\u00e1t h\u00e0nh STO.<\/p>\n<p>H\u00ecnh th\u1ee9c STO ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng ty, doanh nghi\u1ec7p \u0111\u00e3 \u0111i v\u00e0o ho\u1ea1t \u0111\u1ed9ng &amp; c\u00f3 doanh thu, t\u1ee9c l\u00e0 doanh nghi\u1ec7p, c\u00f4ng ty \u0111\u00f3 l\u00e0 th\u1ef1c, ho\u1ea1t \u0111\u1ed9ng th\u1ef1c. C\u0169ng v\u00ec \u0111\u1eb7c \u0111i\u1ec3m n\u00e0y m\u00e0 STO \u0111\u01b0\u1ee3c coi l\u00e0 l\u1ee3i th\u1ebf h\u01a1n h\u1eb3n so ICO v\u1ed1n \u0111\u01b0\u1ee3c cho l\u00e0 r\u1ea5t nhi\u1ec1u d\u1ef1 \u00e1n l\u1eeba \u0111\u1ea3o, scam,..<\/p>\n<p>Nh\u01b0 v\u1eady c\u00e1c d\u1ef1 \u00e1n, c\u00f4ng ty hay t\u1ed5 ch\u1ee9c \u0111\u00e3 c\u00f3 s\u1ea3n ph\u1ea9m, doanh thu \u0111\u1ec1u l\u00e0 kh\u00e1ch h\u00e0ng ti\u1ec1m n\u0103ng c\u1ee7a STO. S\u1ed1 l\u01b0\u1ee3ng c\u00e1c doanh nghi\u1ec7p nh\u01b0 v\u1eady l\u00e0 bao nhi\u00eau, ch\u00fang ta c\u00f9ng tham kh\u1ea3o s\u1ed1 li\u1ec7u cung c\u1ea5p b\u1edfi OwnMarket.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh5.googleusercontent.com\/a388ZV0JXYQ8hUSJpap1QTINj-FsX7qvVVg3YHAoHghyZMWQJTxU0C3N5kjdplz86JEOBH8A2jy43ldVe1Wy6dCHCUYsm0FNHICAritikgg9xG7xfztWMa7n0JWEHxFpgkjKre9Y\" width=\"547\" height=\"333\" \/><\/p>\n<p>Gi\u00e1 tr\u1ecb equity to\u00e0n c\u1ea7u \u0111\u1eb7t 74 ngh\u00ecn t\u1ec9 USD n\u0103m 2018, v\u00e0 d\u1ef1 ki\u1ebfn (c\u1ee7a The World Bank) s\u1ebd \u0111\u1eb7t 100 ngh\u00ecn t\u1ec9 USD.<\/p>\n<p>Tr\u00ean to\u00e0n th\u1ebf gi\u1edbi c\u00f3 kho\u1ea3ng 420 &#8211; 530 tri\u1ec7u doanh nghi\u1ec7p MSME (Micro, Small, v\u00e0 Medium Enterprises &#8211; c\u00e1c doanh nghi\u1ec7p si\u00eau nh\u1ecf, nh\u1ecf t\u1edbi v\u1eeba). Trong \u0111\u00f3 30% trong s\u1ed1 h\u1ecd s\u1eed d\u1ee5ng c\u00e1c d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh b\u00ean ngo\u00e0i, nh\u01b0ng kh\u00f4ng ho\u00e0n to\u00e0n hi\u1ec7u qu\u1ea3. V\u00e0 t\u1ed5ng l\u01b0\u1ee3ng t\u00edn d\u1ee5ng cho nhu c\u1ea7u c\u1ee7a c\u00e1c doanh nghi\u1ec7p n\u00e0y \u01b0\u1edbc t\u00ednh t\u1eeb $2.1\u20132.5 ngh\u00ecn t\u1ec9 USD.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/lh6.googleusercontent.com\/B8-Ii1Cvrie5X9p3V4PeK_zvNlZRTPWQfTrV1zj2BmN5kMxMCNADXWcRygp4XfNInE0f19ZDMQRIBoB4j-YYdl1CwszElguiecGU_x9O-Np2S45M8k-lucI5b8WxlBUEaRSCmNT7\" width=\"508\" height=\"261\" \/><\/p>\n<p>So s\u00e1nh v\u1edbi t\u1ed5ng v\u1ed1n ho\u00e1 c\u1ee7a to\u00e0n th\u1ecb tr\u01b0\u1eddng crypto t\u1ea1i ng\u00e0y m\u00ecnh vi\u1ebft b\u00e0i (16\/10\/2019) l\u00e0 220 t\u1ec9 USD. Con s\u1ed1 v\u1ed1n ho\u00e1 c\u1ee7a c\u1ea3 Coinmarketcap l\u00e0 qu\u00e1 nh\u1ecf b\u00e9, ch\u1ec9 chi\u1ebfm kho\u1ea3ng 10% nhu c\u1ea7u c\u1ee7a c\u00e1c doanh nghi\u1ec7p MSME.<\/p>\n<p>V\u1edbi c\u00e1c d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh b\u00ean ngo\u00e0i k\u00e9m hi\u1ec7u qu\u1ea3, gi\u1ea3 s\u1eed 10% s\u1ed1 doanh nghi\u1ec7p ti\u1ebfp c\u1eadn \u0111\u1ec3 huy \u0111\u1ed9ng v\u1ed1n v\u1edbi gi\u1ea3i ph\u00e1p STO th\u00ec \u0111\u00e3 gi\u00fap t\u0103ng g\u1ea5p \u0111\u00f4i l\u01b0\u1ee3ng v\u1ed1n ho\u00e1 th\u1ecb tr\u01b0\u1eddng crypto hi\u1ec7n t\u1ea1i. Ch\u01b0a k\u1ec3 r\u1eb1ng c\u00e1c s\u1ed1 li\u1ec7u k\u1ec3 tr\u00ean c\u00f3 th\u1ec3 \u0111\u00e3 l\u1edbn h\u01a1n \u1edf th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i.<\/p>\n<p>Gi\u1ea3i ph\u00e1p STO c\u00f3 th\u1ec3 xem nh\u01b0 con \u0111\u01b0\u1eddng \u0111\u01b0a ch\u1ee9ng kho\u00e1n truy\u1ec1n th\u1ed1ng, doanh nghi\u1ec7p truy\u1ec1n th\u1ed1ng v\u00e0o th\u1ebf gi\u1edbi blockchain v\u00e0 \u00e1p d\u1ee5ng nh\u1eefng \u01b0u \u0111i\u1ec3m c\u1ee7a n\u00f3 \u0111\u1ec3 d\u1ea7n thay th\u1ebf, c\u1ea3i ti\u1ebfn cho n\u1ec1n kinh t\u1ebf t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng.<\/p>\n<h2 id=\"Th\u00e1ch_th\u1ee9c_\u0111\u1ed1i_v\u1edbi_STO\">Th\u00e1ch th\u1ee9c \u0111\u1ed1i v\u1edbi STO<\/h2>\n<p>M\u1ed9t s\u1ed1 th\u00e1ch th\u1ee9c m\u00e0 STO \u0111ang g\u1eb7p ph\u1ea3i \u0111\u00f3 l\u00e0:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">Khung ph\u00e1p l\u00fd ch\u01b0a r\u00f5 r\u00e0ng<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">S\u1ef1 ch\u1ea5p nh\u1eadn c\u1ee7a c\u1ed9ng \u0111\u1ed3ng, g\u1ed3m c\u1ea3 c\u00e1c d\u1ef1 \u00e1n, c\u00f4ng ty truy\u1ec1n th\u1ed1ng v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">C\u00e1c c\u00f4ng c\u1ee5, d\u1ecbch v\u1ee5, n\u1ec1n t\u1ea3ng ph\u00e1t h\u00e0nh STO c\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c form l\u1ea1i th\u00e0nh ti\u00eau chu\u1ea9n.<\/p>\n<\/li>\n<\/ul>\n<p>Trong s\u1ed1 c\u00e1c th\u00e1ch th\u1ee9c tr\u00ean, 2 \u0111i\u1ec1u cu\u1ed1i c\u00f9ng theo m\u00ecnh l\u00e0 b\u00ecnh th\u01b0\u1eddng, v\u00e0 ch\u00fang ta c\u1ea7n c\u00f3 th\u1eddi gian \u0111\u1ec3 c\u1ed9ng \u0111\u1ed3ng hi\u1ec3u c\u0169ng nh\u01b0 gi\u1ea3i ph\u00e1p STO \u0111\u01b0\u1ee3c ho\u00e0n ch\u1ec9nh.<\/p>\n<p>V\u1ec1 v\u1ea5n \u0111\u1ec1 lu\u1eadt, c\u00e1c d\u1ef1 \u00e1n, c\u0169ng nh\u01b0 c\u00e1c n\u1ec1n t\u1ea3ng ph\u00e1t h\u00e0nh c\u1ea7n ch\u1ee9ng minh \u0111\u01b0\u1ee3c cho c\u00e1c nh\u00e0 l\u00e0m lu\u1eadt v\u1ec1 t\u00ednh minh b\u1ea1ch, ti\u1ec1m n\u0103ng c\u0169ng nh\u01b0 l\u1ee3i th\u1ebf c\u1ee7a STO.<\/p>\n<p>Ngay t\u1eeb giai \u0111o\u1ea1n \u0111\u1ea7u ti\u00ean n\u00e0y, khi m\u1ecdi th\u1ee9 c\u00f2n s\u01a1 khai m\u1edbi ch\u00ednh l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 t\u1ed1t cho ch\u00fang ta. V\u1eady c\u01a1 h\u1ed9i \u0111\u00f3 nh\u01b0 th\u1ebf n\u00e0o?<\/p>\n<h2 id=\"C\u01a1_h\u1ed9i_\u0111\u1ea7u_t\u01b0_STO\">C\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 STO<\/h2>\n<p>Blockchain v\u1eabn \u0111\u01b0\u1ee3c xem l\u00e0 c\u00f4ng ngh\u1ec7 m\u1edbi v\u00e0 \u0111\u1ea7y ti\u1ec1m n\u0103ng. STO h\u00ecnh th\u1ee9c g\u1ecdi v\u1ed1n v\u1edbi security tokens g\u1eafn li\u1ec1n v\u1edbi c\u00f4ng ngh\u1ec7 n\u00e0y c\u0169ng c\u00f2n r\u1ea5t m\u1edbi m\u1ebb.<\/p>\n<p>\u0110\u1eb7c \u0111i\u1ec3m \u1edf giai \u0111o\u1ea1n n\u00e0y l\u00e0:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">Ch\u01b0a c\u00f3 khung ph\u00e1p l\u00fd r\u00f5 r\u00e0ng<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">Nhi\u1ec1u t\u1ed5 ch\u1ee9c mu\u1ed1n \u0111i \u0111\u1ea7u, chi\u1ebfm l\u0129nh th\u1ecb ph\u1ea7n STO nh\u01b0 Polymath, Swarm, Harbor, Own Market,&#8230; nh\u01b0ng ch\u01b0a c\u00f3 b\u00ean n\u00e0o v\u01b0\u01a1n l\u00ean th\u1ef1c s\u1ef1<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">Th\u1ecb tr\u01b0\u1eddng ch\u01b0a bi\u1ebft v\u00e0 hi\u1ec3u nhi\u1ec1u v\u1ec1 Blockchain &amp; STO<\/p>\n<\/li>\n<\/ul>\n<p>V\u00ec v\u1eady ch\u00fang ta c\u1ea7n th\u00eam 1 th\u1eddi gian n\u1eefa \u0111\u1ec3 c\u00e1c y\u1ebfu t\u1ed1 tr\u00ean tr\u1edf n\u00ean ch\u00edn mu\u1ed3i, r\u00f5 r\u00e0ng h\u01a1n. Tuy nhi\u00ean, \u1edf v\u1ecb th\u1ebf 1 nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 mong mu\u1ed1n ki\u1ebfm l\u1ee3i nhu\u1eadn t\u1eeb th\u1ecb tr\u01b0\u1eddng, theo m\u00ecnh ngay \u1edf giai \u0111o\u1ea1n v\u1eabn c\u00f2n r\u1ea5t non tr\u1ebb c\u1ee7a STO n\u00e0y l\u1ea1i l\u00e0 c\u01a1 h\u1ed9i t\u1ed1t \u0111\u1ec3 t\u00ecm hi\u1ec3u v\u00e0 tham gia \u0111\u00f3n \u0111\u1ea7u xu h\u01b0\u1edbng n\u00e0y.<\/p>\n<p>Hai h\u01b0\u1edbng \u0111\u1ea7u t\u01b0, ch\u00ednh l\u00e0:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">Security Token (token ch\u1ee9ng kho\u00e1n) c\u1ee7a c\u00e1c d\u1ef1 \u00e1n \u0111\u00e3 ph\u00e1t h\u00e0nh STO<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">C\u00e1c n\u1ec1n t\u1ea3ng h\u1ed7 tr\u1ee3 ph\u00e1t h\u00e0nh STO (ti\u1ec1m n\u0103ng)<\/p>\n<\/li>\n<\/ul>\n<h3 id=\"\u0110\u1ea7u_t\u01b0_v\u00e0o_c\u00e1c_Security_Token\">\u0110\u1ea7u t\u01b0 v\u00e0o c\u00e1c Security Token<\/h3>\n<p>\u0110\u00e2y l\u00e0 nh\u00f3m c\u00e1c d\u1ef1 \u00e1n s\u1eed d\u1ee5ng gi\u1ea3i ph\u00e1p ph\u00e1t h\u00e0nh token STO, v\u00e0 token c\u1ee7a h\u1ecd l\u00e0 Security. T\u1ee9c l\u00e0 token n\u00e0y t\u01b0\u01a1ng \u1ee9ng v\u1edbi 1 ph\u1ea7n gi\u00e1 tr\u1ecb c\u00f4ng ty.<\/p>\n<p>V\u00ec l\u00e0 gi\u00e1 tr\u1ecb token g\u1eafn li\u1ec1n v\u1edbi gi\u00e1 t\u1ec9 c\u00f4ng ty, n\u00ean ti\u00eau ch\u00ed \u0111\u1ec3 ch\u1ecdn l\u1ef1a c\u00e1c d\u1ef1 \u00e1n t\u1ed1t c\u0169ng t\u01b0\u01a1ng t\u1ef1 nh\u01b0 anh em ch\u1ecdn v\u00e0 \u0111\u00e1nh gi\u00e1 c\u00e1c c\u00f4ng ty truy\u1ec1n th\u1ed1ng:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">C\u00f4ng ty c\u00f3 EPS (Earnings per share) &amp; l\u1ee3i nhu\u1eadn n\u0103m t\u0103ng tr\u01b0\u1edfng li\u00ean t\u1ee5c<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">C\u1ed5 t\u1ee9c \u0111\u01b0\u1ee3c tr\u1ea3 \u0111\u1ec1u \u0111\u1eb7n<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">Cung c\u1ea7u, ti\u1ec1m n\u0103ng v\u00e0 volume th\u1ecb tr\u01b0\u1eddng ng\u00e1ch m\u00e0 c\u00f4ng ty \u0111\u00f3 \u0111ang ho\u1ea1t \u0111\u1ed9ng<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">..<\/p>\n<\/li>\n<\/ul>\n<p>C\u00e1c ti\u00eau ch\u00ed l\u1ef1a ch\u1ecdn n\u00e0y ch\u1eafc \u0111\u00e3 quen thu\u1ed9c v\u1edbi c\u00e1c anh em t\u1eebng tham gia th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. V\u1edbi c\u00e1c anh em m\u1edbi b\u1eaft \u0111\u1ea7u t\u00ecm hi\u1ec3u th\u00ec c\u00f3 th\u1ec3 tham kh\u1ea3o tr\u00ean nhi\u1ec1u ph\u01b0\u01a1ng ti\u1ec7n truy\u1ec1n th\u00f4ng.<\/p>\n<h3 id=\"\u0110\u1ea7u_t\u01b0_v\u00e0o_c\u00e1c_n\u1ec1n_t\u1ea3ng_ph\u00e1t_h\u00e0nh_STO\">\u0110\u1ea7u t\u01b0 v\u00e0o c\u00e1c n\u1ec1n t\u1ea3ng ph\u00e1t h\u00e0nh STO<\/h3>\n<p>\u0110\u00e2y l\u00e0 nh\u00f3m c\u00e1c d\u1ef1 \u00e1n n\u1ec1n t\u1ea3ng v\u00e0 cho ph\u00e9p h\u1ed7 tr\u1ee3 c\u00e1c d\u1ef1 \u00e1n, c\u00f4ng ty kh\u00e1c ph\u00e1t h\u00e0nh STO.<\/p>\n<p>\u1ede giai \u0111o\u1ea1n c\u00f2n s\u01a1 kh\u1edfi v\u00e0 ch\u01b0a th\u00e0nh h\u00ecnh r\u00f5 r\u00e0ng n\u00e0y, theo m\u00ecnh r\u1ea5t c\u1ea7n c\u00e1c d\u1ef1 \u00e1n n\u1ec1n t\u1ea3ng ph\u00e1t h\u00e0nh STO. V\u00e0 \u0111\u00e2y ch\u00ednh l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 cho ch\u00fang ta.<\/p>\n<p>D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 d\u1ef1 \u00e1n cho ph\u00e9p ph\u00e1t h\u00e0nh STO (Coin98 \u0111\u1ec1u \u0111\u00e3 c\u00f3 b\u00e0i vi\u1ebft) c\u0169ng nh\u01b0 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m n\u1ed5i b\u1eadt c\u1ee7a h\u1ecd, anh em c\u00f3 th\u1ec3 tham kh\u1ea3o trong b\u1ea3ng sau.<\/p>\n<p><strong><img class=\"aligncenter\" src=\"https:\/\/lh5.googleusercontent.com\/p0B9SkeCJZ0nA6ZMRM9Av_a1VnogZ4G3wj-xlZ3Srp8EcO6tJyZdnP6wuHVTmfEU-Cba-u9PSZVXCqL1coWsuy53z9N6KLwNQEOaEXkCpJGbdKeKD41MxSoZZVU-cjEcxXMeQ_i-\" width=\"624\" height=\"172\" \/><\/strong><\/p>\n<p>Ta th\u1ea5y c\u00e1c d\u1ef1 \u00e1n n\u00e0y c\u0169ng chung xu h\u01b0\u1edbng v\u1edbi nhi\u1ec1u d\u1ef1 \u00e1n crypto kh\u00e1c trong m\u00f9a down trend n\u1eeda cu\u1ed1i 2018 t\u1edbi gi\u1edd.<\/p>\n<p>Ri\u00eang \u0111\u1ed1i v\u1edbi c\u00e1c d\u1ef1 \u00e1n n\u1ec1n t\u1ea3ng cung c\u1ea5p gi\u1ea3i ph\u00e1p ph\u00e1t h\u00e0nh STO, \u0111\u1eb7c bi\u1ec7t \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u n\u00e0y, ch\u00fang ta s\u1ebd c\u1ea7n 1 gi\u1ea3i ph\u00e1p ho\u00e0n ch\u1ec9nh \u0111\u1ec3 gi\u00fap c\u00e1c d\u1ef1 \u00e1n c\u00f3 nhu c\u1ea7u ph\u00e1t h\u00e0nh v\u00e0 v\u1eadn h\u00e0nh:<\/p>\n<ul>\n<li>\n<p role=\"presentation\">\u0110\u1ea3m b\u1ea3o v\u1ec1 m\u1eb7t ph\u00e1p l\u00fd \u0111\u1ec3 cho ph\u00e9p ph\u00e1t h\u00e0nh token ch\u1ee9ng kho\u00e1n<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">Gi\u1ea3i ph\u00e1p token ho\u00e1 (tokenization)<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">H\u1ed7 tr\u1ee3 c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh promote, market qu\u1ea3ng c\u00e1o b\u00e1n STO t\u1edbi community<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">H\u1ed7 tr\u1ee3 th\u1ecb tr\u01b0\u1eddng market \u0111\u1ec3 giao d\u1ecbch c\u00e1c security token<\/p>\n<\/li>\n<li>\n<p role=\"presentation\">C\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd portfolio v\u00e0 cung c\u1ea5p th\u00f4ng tin t\u1edbi cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0, ho\u1eb7c c\u00e1c d\u1ef1 \u00e1n ph\u00e1t h\u00e0nh STO<\/p>\n<\/li>\n<\/ul>\n<p>Danh s\u00e1ch tr\u00ean l\u00e0 c\u00e1c g\u1ee3i \u00fd cho anh em \u0111\u1ec3 t\u1ef1 t\u00ecm hi\u1ec3u v\u00e0 \u0111\u00e1nh gi\u00e1 v\u1ec1 c\u00e1c d\u1ef1 \u00e1n d\u1ef1a tr\u00ean c\u00e1c ti\u00eau ch\u00ed k\u1ec3 tr\u00ean.<\/p>\n<p><strong>Ch\u00fa \u00fd:<\/strong><\/p>\n<p>Anh em c\u0169ng ch\u00fa \u00fd r\u1eb1ng, token c\u1ee7a c\u00e1c n\u1ec1n t\u1ea3ng ph\u00e1t h\u00e0nh STO n\u00e0y th\u01b0\u1eddng l\u00e0 c\u00e1c Utility token (c\u00e1c token ti\u1ec7n \u00edch d\u00f9ng trong n\u1ec1n t\u1ea3ng c\u1ee7a h\u1ecd) ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 security token. V\u00ec v\u1eady c\u00e1c ti\u00eau ch\u00ed \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c token n\u00e0y c\u0169ng l\u00e0 c\u00e1c ti\u00eau ch\u00ed \u0111\u1ea7u t\u01b0 v\u00e0o ICO.<\/p>\n<h2 id=\"T\u1ed5ng_k\u1ebft\">T\u1ed5ng k\u1ebft<\/h2>\n<p>Ch\u00fang ta \u0111ang \u1edf Q4 2019 v\u00e0 r\u00f5 r\u00e0ng l\u00e0 STO kh\u00f4ng ph\u1ea3i l\u00e0 trend trong n\u0103m 2019 nh\u01b0 d\u1ef1 \u0111o\u00e1n c\u1ee7a nhi\u1ec1u ng\u01b0\u1eddi. Nh\u01b0ng quan s\u00e1t c\u1ea3 th\u1ecb tr\u01b0\u1eddng th\u00ec ch\u00fang ta v\u1eabn th\u1ea5y c\u00f3 c\u00e1c d\u1ef1 \u00e1n t\u1eadp trung x\u00e2y d\u1ef1ng s\u1ea3n ph\u1ea9m cho STO v\u00e0 c\u00e1c n\u1ed7 l\u1ef1c \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c khung ph\u00e1p r\u00f5 r\u00e0ng h\u01a1n cho vi\u1ec7c ph\u00e1t h\u00e0nh token ch\u1ee9ng kho\u00e1n.<\/p>\n<p>Giai \u0111o\u1ea1n n\u00e0y, l\u00e0 c\u01a1 h\u1ed9i r\u1ea5t t\u1ed1t cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ecm hi\u1ec3u v\u00e0 chu\u1ea9n b\u1ecb cho n\u00f3 tr\u01b0\u1edbc khi c\u1ea3 th\u1ecb tr\u01b0\u1eddng \u0111\u1ec1u bi\u1ebft t\u1edbi trend STO.<\/p>\n<p>Hy v\u1ecdng b\u00e0i vi\u1ebft v\u1eeba r\u1ed3i \u0111\u00e3 gi\u00fap anh em n\u1eafm \u0111\u01b0\u1ee3c b\u1ee9c tranh t\u1ed5ng quan v\u1ec1 STO, c\u0169ng nh\u01b0 bi\u1ebft \u0111\u01b0\u1ee3c ti\u1ec1m n\u0103ng v\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh \u1edf \u0111\u00e2u trong xu h\u01b0\u1edbng n\u00e0y.<\/p>\n<p>Anh em c\u00f3 c\u00e2u h\u1ecfi n\u00e0o v\u1ec1 STO? theo anh em khi n\u00e0o STO s\u1ebd ch\u00ednh th\u1ee9c \u0111\u01b0\u1ee3c m\u1ecdi ng\u01b0\u1eddi \u0111\u00f3n nh\u1eadn. H\u00e3y comment \u00fd ki\u1ebfn c\u1ee7a anh em ph\u00eda d\u01b0\u1edbi b\u00e0i vi\u1ebft \u0111\u1ec3 ch\u00fang ta c\u00f9ng th\u1ea3o lu\u1eadn.<\/p>\n<\/div>\n\n<div class=\"kk-star-ratings\n     kksr-valign-bottom     kksr-align-right    \"\n    data-payload=\"{&quot;align&quot;:&quot;right&quot;,&quot;id&quot;:&quot;89&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;count&quot;:&quot;0&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;\\u0110\\u00e1nh gi\\u00e1&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 b\\u00ecnh ch\\u1ecdn)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;}\">\n    \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    \n<div class=\"kksr-legend\">\n            <span class=\"kksr-muted\">\u0110\u00e1nh gi\u00e1<\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cu\u1ed1i 2018 v\u00e0 \u0111\u1ea7u 2019 c\u1ed9ng \u0111\u1ed3ng, b\u00e1o ch\u00ed thi nhau n\u00f3i v\u1ec1 STO nh\u01b0 1 trend s\u1ebd \u0111\u1ed5 b\u1ed9 v\u00e0 thay th\u1ebf ICO. Nh\u01b0ng&hellip;<\/p>\n","protected":false},"author":1,"featured_media":605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[369,367,368,366,370],"fimg_url":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-content\/uploads\/2021\/11\/sto-la-gi-640x360.jpg","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STO l\u00e0 g\u00ec? Li\u1ec7u STO c\u00f3 ph\u1ea3i l\u00e0 xu h\u01b0\u1edbng k\u1ebf ti\u1ebfp ICO v\u00e0 IEO? - B\u1ea3ng Gi\u00e1 Coin, Ti\u1ec1n \u1ea2o, Ti\u1ec1n \u0110i\u1ec7n T\u1eed M\u1edbi Nh\u1ea5t H\u00f4m Nay - Coin Vi\u1ec7t Nam<\/title>\n<meta name=\"description\" content=\"B\u00e0i vi\u1ebft cung c\u1ea5p cho m\u1ecdi ng\u01b0\u1eddi b\u1ee9c tranh t\u1ed5ng qua v\u1ec1 STO, c\u0169ng nh\u01b0 gi\u00fap c\u00e1c b\u1ea1n bi\u1ebft ti\u1ec1m n\u0103ng v\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh trong xu h\u01b0\u1edbng n\u00e0y.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/\" \/>\n<meta property=\"og:locale\" content=\"vi_VN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STO l\u00e0 g\u00ec? Li\u1ec7u STO c\u00f3 ph\u1ea3i l\u00e0 xu h\u01b0\u1edbng k\u1ebf ti\u1ebfp ICO v\u00e0 IEO? - B\u1ea3ng Gi\u00e1 Coin, Ti\u1ec1n \u1ea2o, Ti\u1ec1n \u0110i\u1ec7n T\u1eed M\u1edbi Nh\u1ea5t H\u00f4m Nay - Coin Vi\u1ec7t Nam\" \/>\n<meta property=\"og:description\" content=\"B\u00e0i vi\u1ebft cung c\u1ea5p cho m\u1ecdi ng\u01b0\u1eddi b\u1ee9c tranh t\u1ed5ng qua v\u1ec1 STO, c\u0169ng nh\u01b0 gi\u00fap c\u00e1c b\u1ea1n bi\u1ebft ti\u1ec1m n\u0103ng v\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh trong xu h\u01b0\u1edbng n\u00e0y.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/\" \/>\n<meta property=\"og:site_name\" content=\"B\u1ea3ng Gi\u00e1 Coin, Ti\u1ec1n \u1ea2o, Ti\u1ec1n \u0110i\u1ec7n T\u1eed M\u1edbi Nh\u1ea5t H\u00f4m Nay - Coin Vi\u1ec7t Nam\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-04T05:28:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-25T13:09:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinvietnam.vn\/tin-tuc\/wp-content\/uploads\/2021\/11\/sto-la-gi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#organization\",\"name\":\"Coin Vi\\u1ec7t Nam\",\"url\":\"https:\/\/coinvietnam.vn\/tin-tuc\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#logo\",\"inLanguage\":\"vi\",\"url\":\"https:\/\/coinvietnam.vn\/tin-tuc\/wp-content\/uploads\/2021\/11\/CoinVietnamFavicon.png\",\"width\":512,\"height\":512,\"caption\":\"Coin Vi\\u1ec7t Nam\"},\"image\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#website\",\"url\":\"https:\/\/coinvietnam.vn\/tin-tuc\/\",\"name\":\"B\\u1ea3ng Gi\\u00e1 Coin, Ti\\u1ec1n \\u1ea2o, Ti\\u1ec1n \\u0110i\\u1ec7n T\\u1eed M\\u1edbi Nh\\u1ea5t H\\u00f4m Nay - Coin Vi\\u1ec7t Nam\",\"description\":\"C\\u1eadp nh\\u1eadt m\\u1edbi nh\\u1ea5t b\\u1ea3ng gi\\u00e1 ti\\u1ec1n \\u1ea3o, ti\\u1ec1n \\u0111i\\u1ec7n t\\u1eed, c\\u00e1c \\u0111\\u1ed3ng coin \\u0111ang hot nh\\u1ea5t tr\\u00ean th\\u1ecb tr\\u01b0\\u1eddng h\\u00f4m nay: Bitcoin, Ethereum, Ripple, Dogecoin...\",\"publisher\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/coinvietnam.vn\/tin-tuc\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"vi\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#primaryimage\",\"inLanguage\":\"vi\",\"url\":\"https:\/\/coinvietnam.vn\/tin-tuc\/wp-content\/uploads\/2021\/11\/sto-la-gi.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"STO l\\u00e0 g\\u00ec\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#webpage\",\"url\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/\",\"name\":\"STO l\\u00e0 g\\u00ec? Li\\u1ec7u STO c\\u00f3 ph\\u1ea3i l\\u00e0 xu h\\u01b0\\u1edbng k\\u1ebf ti\\u1ebfp ICO v\\u00e0 IEO? - B\\u1ea3ng Gi\\u00e1 Coin, Ti\\u1ec1n \\u1ea2o, Ti\\u1ec1n \\u0110i\\u1ec7n T\\u1eed M\\u1edbi Nh\\u1ea5t H\\u00f4m Nay - Coin Vi\\u1ec7t Nam\",\"isPartOf\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#primaryimage\"},\"datePublished\":\"2021-11-04T05:28:50+00:00\",\"dateModified\":\"2021-11-25T13:09:33+00:00\",\"description\":\"B\\u00e0i vi\\u1ebft cung c\\u1ea5p cho m\\u1ecdi ng\\u01b0\\u1eddi b\\u1ee9c tranh t\\u1ed5ng qua v\\u1ec1 STO, c\\u0169ng nh\\u01b0 gi\\u00fap c\\u00e1c b\\u1ea1n bi\\u1ebft ti\\u1ec1m n\\u0103ng v\\u00e0 c\\u01a1 h\\u1ed9i \\u0111\\u1ea7u t\\u01b0 c\\u1ee7a m\\u00ecnh trong xu h\\u01b0\\u1edbng n\\u00e0y.\",\"inLanguage\":\"vi\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#webpage\"},\"author\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#\/schema\/person\/c49a726c225a154e8b4e8ad93b6bc122\"},\"headline\":\"STO l\\u00e0 g\\u00ec? Li\\u1ec7u STO c\\u00f3 ph\\u1ea3i l\\u00e0 xu h\\u01b0\\u1edbng k\\u1ebf ti\\u1ebfp ICO v\\u00e0 IEO?\",\"datePublished\":\"2021-11-04T05:28:50+00:00\",\"dateModified\":\"2021-11-25T13:09:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#webpage\"},\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#organization\"},\"image\":{\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#primaryimage\"},\"keywords\":\"d\\u1ef1 \\u00e1n STO,mua token STO,ph\\u00e1t h\\u00e0nh STO,STO l\\u00e0 g\\u00ec,STO vs ICO\",\"articleSection\":\"ICO, IEO, SHO &amp; IDO\",\"inLanguage\":\"vi\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/coinvietnam.vn\/tin-tuc\/sto-la-gi\/#respond\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#\/schema\/person\/c49a726c225a154e8b4e8ad93b6bc122\",\"name\":\"Coin Vi\\u1ec7t Nam\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinvietnam.vn\/tin-tuc\/#personlogo\",\"inLanguage\":\"vi\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/91950977c80dba296b36f772f9554fa9?s=96&d=mm&r=g\",\"caption\":\"Coin Vi\\u1ec7t Nam\"},\"description\":\"CoinVietNam.vn (CVN) l\\u00e0 website c\\u1eadp nh\\u1eadt gi\\u00e1 ti\\u1ec1n \\u1ea3o tr\\u00ean to\\u00e0n th\\u1ebf gi\\u1edbi. Ch\\u00fang t\\u00f4i t\\u1ed5ng h\\u1ee3p d\\u1eef li\\u1ec7u t\\u1eeb 427 s\\u00e0n giao d\\u1ecbch ti\\u1ec1n \\u1ea3o tr\\u00ean to\\u00e0n c\\u1ea7u. S\\u1eed d\\u1ee5ng c\\u00e1c thu\\u1eadt to\\u00e1n \\u0111\\u1ec3 ph\\u00e2n t\\u00edch, th\\u1ed1ng k\\u00ea, t\\u00ednh to\\u00e1n th\\u00e0nh c\\u00e1c d\\u1eef li\\u1ec7u c\\u00f3 ngh\\u0129a.\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/posts\/89"}],"collection":[{"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/comments?post=89"}],"version-history":[{"count":3,"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/posts\/89\/revisions"}],"predecessor-version":[{"id":633,"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/posts\/89\/revisions\/633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/media\/605"}],"wp:attachment":[{"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/media?parent=89"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/categories?post=89"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinvietnam.vn\/tin-tuc\/wp-json\/wp\/v2\/tags?post=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}