Re:24 ICOs Raised $2.8B with Almost 0 Trading Volume Now
by chrisco255 on Wednesday December 05, 2018 @01:26AM
(#18606092)
ICOs didn't raise money in cash though. They raised money in ETH and BTC and unless they cashed out at the peak (most projects didn't), then they didn't end up raising that much in the end.
As a side note, I'm still absolutely fascinated by the concept of an ICO or perhaps a future alternative where capital is raised for actual equity in startups via this method.
It's incredibly useful and has huge potential. I get that there's potential for abuse, but I wish that the government could come up with a common sense, reasonable, middle ground regulatory framework that would allow retail investors to participate, say, up to X% of their yearly income or like a $5-10K yearly cap or something like that.
As a side note, I'm still absolutely fascinated by the concept of an ICO or perhaps a future alternative where capital is raised for actual equity in startups via this method.
It's incredibly useful and has huge potential. I get that there's potential for abuse, but I wish that the government could come up with a common sense, reasonable, middle ground regulatory framework that would allow retail investors to participate, say, up to X% of their yearly income or like a $5-10K yearly cap or something like that.