Shouldn't be more like "new wine in old bottle" since older the wine the better it tastes.
I don't think he didn't describe the use of the term, but he meant to say put the same wine in a new bottle, the contents will never be different except the packaging.
But anyway, point being that all these ICO, ITO, IEO, INO etc... are all same shit different trend.
I have pretty much missed all of them and never became early to invest in it.
But I am happy not to lose money in these so called offerings.
All the above trends are only interested in ICO, I want to go back to their heyday to get involved with many potential ICO projects because many investors get high profits, but the latest trends will not benefit investors because of the big problem about scammers have been involved in every new trend.