Initial Exchange Offering — The Next Popular Fundraising Scheme In Crypto?

The advent of cryptocurrencies brought an innovative and decentralized way of fundraising through Initial Coin Offerings (ICOs). Several crypto projects flourished by raising funds their native digital currencies to investors through ICOs in return for fiat/Bitcoin investments.

However, with little to no regulatory scrutiny on these decentralized crypto projects, things went haywire. Over the last year, the ICO industry has witnessed a massive downturn due to several fraudulent schemes coming to the surface.

Original source
https://hackernoon.com/initial-exchange-offering-the-next-popular-fundraising-scheme-in-crypto-aa1c58679b98?source=rss----3a8144eabfe3---4

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