What ICOs are Doing Wrong and How It’s Killing Ethereum

BenR

full member

Activity: 134

Merit: 100

Quote from: autoria on July 10, 2017, 02:09:02 PM

4. Put a cap on individual contributions. Autoria caps individual investments at 100 ETH. This empirically chosen cap ensures that anyone who wants to participate, can, and that their investment will be meaningful. Recent ICOs have been overshadowed by large buyers who end up purchasing nearly all of the available tokens, leaving everyone else in the dust. While it may mean leaving some money on the table, capping individual investments is the best way to help solve the ICO dump crisis.

Glad that something is being done, but is it effective? Whale investors can still buy multiple increments of 100 ETH.

phr0stbyt3

hero member

Activity: 672

Merit: 500

ICO's are surely killing ethereum but you can't blame the fundraisers or the people who are funding because ethereum allows the developers to keep everything transparent with the users and people can invest without giving their identity and smart contract even allows them to send tokens automatically which saves lot of time. For users it is like heaven no information needs to be given and when the coin makes it to the market most ico coins sell for a really high value after ico.

ethersphere

member

Activity: 82

Merit: 10

How does the automatic mining work? Correct me if I'm wrong, but regardless of how the contract works, isn't building your system on the Ethereum network means having Ethereum miners do the mining for you?

vlom

legendary

Activity: 1498

Merit: 1117

and you really think this will work? it looks interesting. but i have to read it a second time.

autoria

jr. member

Activity: 51

Merit: 10

Autoria.io, Rise Above the Rest

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Topic: What ICOs are Doing Wrong and How It’s Killing Ethereum (Read 1122 times)