Most of the ICOs are not profitable to anyone. While I say most of them are not good, but still there are few ICOs which are linked to a real life business. When a new company decides to list in to a stock market, they offer their shares through IPO which is Initial public offering. But in real life stock market, we have regulators who ensure that the company is already an established one and they have registered profits since last three years (in my country). But the ICO is a method through which a company raises funds for their upcoming ventures. So they want to raise fund for a business which is yet to come and doesn't exist now. So the risk is very high.
China has already banned ICO and Canada government has already started cracking them down. Which looks like a proper step to me. If it can't be regulated now, it will become a ponzi market and people will start loosing big amounts of money. Invest in ICO but make sure they have a legal business to back them up.
All this is very true, ICO's are infact more now than in the past. China has already banned ICO and Canada government has already started cracking them down. Which looks like a proper step to me. If it can't be regulated now, it will become a ponzi market and people will start loosing big amounts of money. Invest in ICO but make sure they have a legal business to back them up.
Some random Devs create the ICO and know they can make some money and run off with that money and leave the Investor penniless. Acts like these justify the reason why Countries like China and Canada are clamping down on ICO's or ending the program all together!
