Topic: Do you guys agree on this statement? - page 2. (Read 214 times)
If it were not for scammers who are trying to steal money from investors, then it would be possible to recognize ICO as a good idea. But in reality the majority of projects that have collected a soft cap will not show us their final product. This really was done only to raise funds and inflate the bubble. This problem manifested itself last year and many are looking for a way out of it.
Maybe binance knows already of what is good to make their business become smooth balancing system on their total operations, and they take more advantage to their business in order that more people attracted to transact on their business exchanger sites because of interesting offers and clarifications system that high trust of people wants to go for them and transact because of their new development system.
I think yes, i would personally like to see more compliant icos, regulated, registered and approved by government or some officials and all their business should be transparent and public, only such steps can make market more real, only real projects will get a chance to come up so the end user and investor will be safe, i think we need strict filters for new icos.
Undoubtedly, it is possible that cryptography is a new big bubble. But this happens every time when some attractive event or new interesting technology starts to develop rapidly and acquire an increasing number of followers. Each new crypto investor inflates this bubble. In my opinion, today it is not even half-inflated and we still have time to use these opportunities.
The head of Binance’s recently-launched $1 billion venture fund says that the company believes the initial coin offering (ICO) market is in a bubble and is hoping that it will pop soon for the health of the wider blockchain industry.
Ella Zhang, whose official title is Head of Binance Labs, told Bloomberg that while the bull market — at least as far as ICOs are concerned — helps attract more interest, it also results in unreasonable valuations.
“We’d like the bubble to break,” said Zhang, who formally joined Binance in May. “We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”
As CCN reported, ICOs have already raised more money — at least $9 billion — in 2018 than all of 2017, even as regulators have ramped up their scrutiny of this booming industry and consumer interest in cryptocurrency has declined considerably.
EOS creator Block.one raised more than $4 billion in a crowdsale that concluded last week, while chat app Telegram raised $1.7 billion in a private sale that was restricted to fewer than 200 investors.
Zhang’s comments are notable, particularly given the fact that Binance itself held an ICO last year. More recently, Binance CEO Changpeng Zhao authored a blog post in which he argued that an ICO is a vastly more effective way to raise capital versus traditional venture fundraising.
Despite concerns over an ICO bubble, Zhang revealed that Binance Labs has already made direct investments in four projects and said that the firm has no qualms about investing directly in both company equity and crypto tokens.
Zhang said that Binance, which operates what is currently the world’s highest volume cryptocurrency exchange, plans to develop a new program — called “Community Governance Initiatives” (CGI) — to help the company weed out and delist scams and other projects that do not live up to their promises.
“The main purpose of this is to fight scams and sh-t coins, and to boost crypto and blockchain technology,” she explained.
Reference: https://www.ccn.com/were-waiting-for-ico-bubble-to-pop-head-of-binances-1-billion-vc-fund/
Hey guys i need your comment regarding this topic?
I agree with that, there must be a balance if you want to keep the ICO. So there is a natural selection between a really good ICO coin and a scam ICO coin. Because too many unimportant coins are scattered whichever is, their goal is simply to take unilateral advantage. Ella Zhang, whose official title is Head of Binance Labs, told Bloomberg that while the bull market — at least as far as ICOs are concerned — helps attract more interest, it also results in unreasonable valuations.
“We’d like the bubble to break,” said Zhang, who formally joined Binance in May. “We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”
As CCN reported, ICOs have already raised more money — at least $9 billion — in 2018 than all of 2017, even as regulators have ramped up their scrutiny of this booming industry and consumer interest in cryptocurrency has declined considerably.
EOS creator Block.one raised more than $4 billion in a crowdsale that concluded last week, while chat app Telegram raised $1.7 billion in a private sale that was restricted to fewer than 200 investors.
Zhang’s comments are notable, particularly given the fact that Binance itself held an ICO last year. More recently, Binance CEO Changpeng Zhao authored a blog post in which he argued that an ICO is a vastly more effective way to raise capital versus traditional venture fundraising.
Despite concerns over an ICO bubble, Zhang revealed that Binance Labs has already made direct investments in four projects and said that the firm has no qualms about investing directly in both company equity and crypto tokens.
Zhang said that Binance, which operates what is currently the world’s highest volume cryptocurrency exchange, plans to develop a new program — called “Community Governance Initiatives” (CGI) — to help the company weed out and delist scams and other projects that do not live up to their promises.
“The main purpose of this is to fight scams and sh-t coins, and to boost crypto and blockchain technology,” she explained.
Reference: https://www.ccn.com/were-waiting-for-ico-bubble-to-pop-head-of-binances-1-billion-vc-fund/
Hey guys i need your comment regarding this topic?
I sincerely wish it wasn't a bubble, and the creation of "Community Governance Initiatives" (CGI) that to help the company weed out and desist scams and other projects that do not live up to their promises. I think that's a good idea.
Kind of agree..I dont see it as a bubble about to burst...just as a massive movement of money from crap projects towards 10-20 real value ICOs
The head of Binance’s recently-launched $1 billion venture fund says that the company believes the initial coin offering (ICO) market is in a bubble and is hoping that it will pop soon for the health of the wider blockchain industry.
Ella Zhang, whose official title is Head of Binance Labs, told Bloomberg that while the bull market — at least as far as ICOs are concerned — helps attract more interest, it also results in unreasonable valuations.
“We’d like the bubble to break,” said Zhang, who formally joined Binance in May. “We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”
As CCN reported, ICOs have already raised more money — at least $9 billion — in 2018 than all of 2017, even as regulators have ramped up their scrutiny of this booming industry and consumer interest in cryptocurrency has declined considerably.
EOS creator Block.one raised more than $4 billion in a crowdsale that concluded last week, while chat app Telegram raised $1.7 billion in a private sale that was restricted to fewer than 200 investors.
Zhang’s comments are notable, particularly given the fact that Binance itself held an ICO last year. More recently, Binance CEO Changpeng Zhao authored a blog post in which he argued that an ICO is a vastly more effective way to raise capital versus traditional venture fundraising.
Despite concerns over an ICO bubble, Zhang revealed that Binance Labs has already made direct investments in four projects and said that the firm has no qualms about investing directly in both company equity and crypto tokens.
Zhang said that Binance, which operates what is currently the world’s highest volume cryptocurrency exchange, plans to develop a new program — called “Community Governance Initiatives” (CGI) — to help the company weed out and delist scams and other projects that do not live up to their promises.
“The main purpose of this is to fight scams and sh-t coins, and to boost crypto and blockchain technology,” she explained.
Reference: https://www.ccn.com/were-waiting-for-ico-bubble-to-pop-head-of-binances-1-billion-vc-fund/
Hey guys i need your comment regarding this topic?
Ella Zhang, whose official title is Head of Binance Labs, told Bloomberg that while the bull market — at least as far as ICOs are concerned — helps attract more interest, it also results in unreasonable valuations.
“We’d like the bubble to break,” said Zhang, who formally joined Binance in May. “We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”
As CCN reported, ICOs have already raised more money — at least $9 billion — in 2018 than all of 2017, even as regulators have ramped up their scrutiny of this booming industry and consumer interest in cryptocurrency has declined considerably.
EOS creator Block.one raised more than $4 billion in a crowdsale that concluded last week, while chat app Telegram raised $1.7 billion in a private sale that was restricted to fewer than 200 investors.
Zhang’s comments are notable, particularly given the fact that Binance itself held an ICO last year. More recently, Binance CEO Changpeng Zhao authored a blog post in which he argued that an ICO is a vastly more effective way to raise capital versus traditional venture fundraising.
Despite concerns over an ICO bubble, Zhang revealed that Binance Labs has already made direct investments in four projects and said that the firm has no qualms about investing directly in both company equity and crypto tokens.
Zhang said that Binance, which operates what is currently the world’s highest volume cryptocurrency exchange, plans to develop a new program — called “Community Governance Initiatives” (CGI) — to help the company weed out and delist scams and other projects that do not live up to their promises.
“The main purpose of this is to fight scams and sh-t coins, and to boost crypto and blockchain technology,” she explained.
Reference: https://www.ccn.com/were-waiting-for-ico-bubble-to-pop-head-of-binances-1-billion-vc-fund/
Hey guys i need your comment regarding this topic?
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