As ICOs Wane, Big Money Squeezes Out The Little Guy

In 2017, the Initial Coin Offering (ICO) exploded onto the global scene and upended the traditional method of funding an early-stage business. For a while, many believed that we were witnessing the dawn of a more egalitarian financial era; one where anyone with a good idea and the ability to make it a reality could access easy money and a shot at success. As it turned out, it was too good to be true.

Cut to 2018, and we now know that somewhere on the order of 80% of ICOs conducted in 2017 have since been identified as scams. Together, those scams cost investors approximately $1.3 billion and tarnished the idea of ICOs as a business funding tool. Worse still, the rising tide of fraud got the attention of the Securities and Exchange Commission (SEC), which has come down hard on the ICO market.

Original source

Add comment

Please Sign in to be able to leave comments.