No, Not really.
just some Chinese people jumping on the pump and dump train to make profit from trading is far from "mainstream" investors coming in altcoins and specially ICOs for investment. i could see them investing in altcoins but never in ICOs. the mainstream investors know better than trusting ICOs even if there are 1 in a million good ones.
and we all know that Chinese have always been big investors that milk any opportunity to trade as much as they can until it is dry and they have made alot of money from its pump and dump.
just some Chinese people jumping on the pump and dump train to make profit from trading is far from "mainstream" investors coming in altcoins and specially ICOs for investment. i could see them investing in altcoins but never in ICOs. the mainstream investors know better than trusting ICOs even if there are 1 in a million good ones.
and we all know that Chinese have always been big investors that milk any opportunity to trade as much as they can until it is dry and they have made alot of money from its pump and dump.
It's an overgeneralisation to say that all Chinese projects are just pump and dump. Although that is a big problem here for sure.
LakeBTC has been around since 2013. We're one of the world's leading crypto exhanges and we have an impeccable repuation for reliability and security. We don't plan to jepordise that by running a dodgey ICO. We're a serious business.
The LakeBanker system that we're offering an ICO has been operating for 1.5 years---it already generates revenue. Despite being headquartered in China, we're really an international firm. Our team, corporate partners and customers come from all over the world.
The author of that article did a lot of due dilligence our proposed ICO. I recommend actually reading some materials and some history of a project before just assuming the worst. Our Whitepaper is here if you'd like to know more.
