ICOs should be either regulated and bounded to follow some rules to protect investors or should be forbidden.
There is no way that you can invest into something which offers no investor protection.
Greedy investors are unable to comprehend what risk they've agreed to by trusting their money to ICO managers.
There is rarely any innovation these days and certainly no decentralization.
There are going to be some attempts like what the SEC is doing at the moment but that is not going to stop ICOs, there is simply too much money to be made for the developers and they are not going to stop creating new projects as long as people are willing to invest in those projects without any kind of protection, if people required all of those protections we are talking they will not invest in ICOs on the first place.There is no way that you can invest into something which offers no investor protection.
Greedy investors are unable to comprehend what risk they've agreed to by trusting their money to ICO managers.
There is rarely any innovation these days and certainly no decentralization.
I hope, that after SONM, EOS and BNT, some participants will have learnt their lessons: Looking at the price x nb tokens and get the MCap of the project beofre investing.
Imho, the recipe for an ICO, based on the amount of cash needed for development and the expected returns is:
- raising between $2M and $10M maximum, CAPPED amount.
- ensuring a fair token distribution, with multiple rounds (avoid the IGNIS drama), over couple weeks.
- making sure that it brings your Market cap not more than $20M to $50M. (that leaves a x2 potential with some announcements, community drive, and product releases before arriving on exchanges, and leaves room for a x10 to x100 if the company becomes a global hit)
