3 ms·

In related news, a company built on top of ethereum performed a crowdsale earlier today that ended after 2.5 minutes when their 2 million dollar funding goal wa

• vkou 10y ago
  ... And it's quite probably illegal in the US, given SEC rules with respect to privately held companies with large number of owners. Relatedly, from the Reddit thread: > ICOs have nothing to do with ethereum. They can raise by any cryptocurrency existing or that will exist in the future. So far, they've mostly been used for scams, although I'm sure some legitimate projects will also be funded. Is there a meaningful response to this? This is a serious question - how can I tell the difference between an ICO scam, and one that isn't? Are there any examples of sustainable businesses arising from ICOs, or are all of them pump-and-dump schemes? If I get defrauded by a company putting out an ICO, will anyone go to jail?