Thanks to the ICO busts of 2018 and the SEC's newfound attention for a raft of altcoins, scrutiny of new projects has become much higher than in the past.
ICO News
An initial coin offering, or ICO, is a controversial fundraising method for launching blockchain and cryptocurrency networks that involves the sale and distribution of a new crypto asset in exchange for other tokens, commonly Bitcoin (BTC) and Ether (ETH).
During the “ICO mania” of 2017 to 2018, projects collectively raised billions of dollars in capital, largely through nonaccredited investors.
This funding method has since lost most of its legitimacy, both inside and outside the industry. Many ICOs were clearly frauds or, at best, operating in regulatory gray areas. Over the past few years, regulatory agencies such as the United States Securities and Exchange Commission,or SEC, have brought legal action to past and present ICOs, slowly creating legal precedent and guidelines for future ventures.
While the ICO is now a precarious fundraising method for projects and investors alike, it did showcase a powerful use case of blockchain in permissionless fundraising at incredible scale. Over time, the launch methods of cryptocurrency networks will become more sophisticated, safe and, perhaps, regulatorily sound.
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Explore the dynamic shifts of crypto winters alongside Ethereum’s pivotal landmarks. Delve into a narrative of resilience, innovation and transformation within the realm of blockchain technology.
1470In 2017 the initial coin offering boom launched a tidal wave of activity for the crypto industry. Despite being plagued by scams and fraud, the ICO boom was also responsible for some of the most important crypto projects in the industry today.
7267A decentralized messaging app has soared into the top three most actively-developed crypto projects of the last month.
3415Unfortunately, this perceived trustworthiness doesn’t positively affect token performance.
3113BitMEX co-founder Arthur Hayes predicts that successful Web3 projects will adopt a “points” program before conducting token generation events.
4381The Crowd Machine Compute Token was meant to pay to use holders’ computer time, but it never became operational.
28472The new rules cancel the previous limit of 300,000 baht ($8,500) for retail investors concerning investments in digital tokens backed by real estate or infrastructure.
3737The shift from utility to equity tokens in Web3 has the potential to open new paths for blockchain funding.
24427The Hong Kong Securities and Futures Professional Association also suggested that the region’s authorities could implement Islamic Banking.
1926Orica NFT’s charity efforts have succeeded, but its tokenholders have not, and up until now, its co-founder was nowhere to be found.
6915The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action.
8450Block.one owes much more to EOS investors than just $22 million after the $4-billion ICO, EOS Network Foundation CEO Yves La Rose believes.
9585MATIC price surged due to favorable regulation, increased network use, and an anticipated Polygon 2.0 upgrade that could see a rebrand to POL.
8357Venture capitalists have favored ICOs in recent years, but Bitcoin-related startups are seeing renewed interest from investors.
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