The past two years has represented massive strides for cryptocurrency in terms of developments and infrastructure. However, this growth has been overshadowed in the eyes of many by the utter failures of the ICO model. Although some projects have done well with coin offerings, the reality that a majority have already turned out to be scams or failures completely undermines the growth that takes place.
Simply put, the Initial Coin Offering is a broken model. Studies suggest that over 75% of all ICOs in 2017 were scams, which has translated to theft in the magnitude of billions. Even otherwise legitimate offerings have struggled: a majority fail within their first four months.