Advice and Recommendations: Is It Worth Inviting Funds to ICOs?
https://bitcoingarden.org/advice-recommendations-worth-inviting-funds-icos/
Consultants, and often project organizers themselves, often name participation from funds as the key to the success of any ICO. When we started thinking about attracting investments, we, too, held that belief and negotiated with major funds.
Our project, Genesis Vision, is a platform for private trust management that unites stock markets, traders, and investors into a single ecosystem, where profits are distributed automatically among the participants. Decentralization is a key feature that we wanted to ensure within the system.
In analyzing our idea and the terms we were discussing with funds, we realized that in our specific case the participation of funds in our ICO would do more harm than good. It’s true that it would certainly have allowed us to raise more money. But it’s worth remembering that no fund would join the project on the same terms as everyone else. Funds would want to join in the early stages and reap large bonuses. That would result in ICO participants receiving huge quantities of tokens at a low price, which would have a negative effect on the token price and the project’s ecosystem as a whole...
Topic: [2017-12-05] Advice and Recommendations: Is It Worth Inviting Funds to ICOs? (Read 1175 times)
December 05, 2017, 02:47:10 PM
Jump to: