These questions are always in my mind, what will happen if people will run out of ideas for creating a project for ICO? we all know that ICO will only be a success with a good Idea a good platform, even if you have a team and time to do a project for ICO without an idea it is useless because people will not buy your token, tell me guys your opinion about these, maybe someday people will run out of Ideas, Bounty hunters are also affected if these will happen.
Since like 10 years ago, there were startup companies in which one could have invested in the form of purchasing shares. No online plaforms, not much advertising.
Afterwards, platforms such as Kickstarter entered the game. People were investing in an idea and receiving some sort of a discount or product in return.
ICOs are ment to raise money for supporting the project to be developed. Not all of the good projects (such as NEO or Ontology that are self funded) will have the resources to build on their own expense, therefore will do an ICO. The best part here is that you receive a coin/token that might have value in the near future. You receive something that can get you a return fast without a lot of friction and without waiting a lot.
What other idea different than an ICO that would give people a
faster&higher return of investment and an
easier process of investing could you think of?
So far there is no such idea and in my humble opinion if there will appear any, it will definitely be better than an ICO.
Secondly, the bounty campaigns are great and will continue to exist because:
- help spread the idea without spending actual money;
- are adopting the style of network marketing type of businesses that are pretty successfull ->>> even Google has this type of referring comision
- are easy and fun, give people the sense of belonging to a community and the proud of being part of the success of a great project.
The only problem here is the quality of the work and the spamming that occurs with so much promoting. But in the future they will definitely find a solution for this as well.
As a conclusion, the ICOs and bounties will continue to exist.
And if they die, they will be eventually replaced with something better as we, as humans, tend to progress every each day.
Stay safe, spread the cryptolove