ICOs can rack up some serious funding, often for a technology that’s completely unproven. In July 2017, the Tezos blockchain set a new record by amassing $232 million over the course of its ICO. Buterin has previously made some very public criticisms of that project, too.
China recently issued a ban on ICOs that sent ripples through the entire cryptocurrency market, as investors worried that similar legislation might be put into place elsewhere. It’s since been said that these measures are temporary. Yet this serves to demonstrate that governments could well step in to regulate the practice sooner rather than later.
At the end of the day, ICOs–like many facets of cryptocurrency–just aren’t the guaranteed win that some might make them out to be. Whether you’re investing in Bitcoin or buying up tokens for a brand new coin, there’s always a chance that you might end up taking a loss. The key is making sure not to get caught up in the hype.
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.
Topic: TOKEN TREPIDATION (Read 144 times)
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