Is it me or has anybody noticed how super greedy the new ICO teams are now?
I can name dozens of ICOs where in addition to raising funds via the ICO are also distributing close to 50% of the tokens to themselves (under categories such as "Team/Founders", "Operations" "Advisors" "Promotions"). The other thing they do is set some ridiculously high price for the token which results in a ludicrous valuation. A year ago, the majority of ICOs had a model where close to 100% of tokens/coins were equally distributed among the participates based on the value of their contributions. What the hell happened?
They could distribute close to 50% of the tokens to themselves or distribute to the investors,there are no diffirence I think. the keypoint is if they will focus on the project and work hard on it after the ICO stage.Many good project could be destroyed by the irresponsible team. I can name dozens of ICOs where in addition to raising funds via the ICO are also distributing close to 50% of the tokens to themselves (under categories such as "Team/Founders", "Operations" "Advisors" "Promotions"). The other thing they do is set some ridiculously high price for the token which results in a ludicrous valuation. A year ago, the majority of ICOs had a model where close to 100% of tokens/coins were equally distributed among the participates based on the value of their contributions. What the hell happened?
