The Future of ICO Investment
The Future of ICO Investment
What is the sentiment for the future of ICO investment? We’ve created a poll to verify a consensus within our community. Recent days haven’t been positive for the cryptocurrency and blockchain community. According to coinmarketcap, while the end of 2017 ended up with a blast; with an all-time high in January 2018, the cryptocurrency market stands at its lowest levels since November 2017. In addition, ICO investment sentiment has been quite rocky lately. Nearly most tokens on the market are given birth through ICOs. Many projects are deemed as ICO scam by major advertising platforms, regulators, and research firms. So, some of these companies have banned ICO advertising altogether.
Banning ICO Advertisement
For instance, Facebook recently banned ICO advertising on their platform. According to Facebook product management director Rob Leathern, The policy specifically prohibits ads that promote those types of products “that are frequently associated with misleading or deceptive practices,”. Shortly after, giant advertising platform followed the ban declaration. For example, Google, Twitter, and recent ESP MailChimp, are all banning ICO advertising on their platforms.
In a recent study by Satis Group LLC researchers Sherwin Dowlat and Michael Hodapp published ICO Quality: Development & Trading they report “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on an exchange.” Furthermore, in a statement by SEC Chairman Jay Clayton, he notes “A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that, as they are currently operating, there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation”. For instance, A simple search engine query of “ICO Scam” will pull up plenty of examples of such projects gone bad. Meanwhile, the numbers of such sour projects are growing bigger.
What Do You Think the Future of ICO investment Hold
Nonetheless, the future of ICO investment isn’t all doomed and finalized. There are still great projects out there with solid teams, solid products, and a real way of disrupting several industries as we know it. All of these projects intend to do so with the use of blockchain technology. We’re seeing more companies adopting blockchain technology for some or all of their products. For instance, Google, as reported by Bloomberg, is working on “blockchain-related technology”. In addition, giant chat app Telegram is running the most talked about ICO of 2018. Telegram’s ICO has already raised $850 million in Pre-Sale stages alone according to coindesk.com.
Your Turn Now
We’re calling on our community members to participate in this future of ICO investment sentiment poll.To conclude, does our community still have faith in ICOs as a genuine vehicle for raising funds? Will you invest in a legitimate ICO, will you hold your funds, or do you believe an ICO scam is inevitable?