Initial Coin Offerings Are Getting a Bad Rap

By July 30, 2018 ICO
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Initial coin offerings are a big business.

Initial coin offerings are a hot topic, but the focus tends to miss the most important innovation. Attention naturally is on the 81 percent that are frauds, but the honest ones raised $7 billion for cryptocurrency initiatives in 2017. Those were predominately for double-blockchain ideas, which is blockchain funding to support a blockchain project.

Frauds permeate crypto projects because they’re hard to understand or verify. But the majority of non-fraudulent ICOs by number (not dollars) are for ordinary business projects. 1 This latter group may be as transformative as cryptocurrencies themselves. Moreover, they’re easy to understand.

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