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An ICO makes sense for crowdfunding in very limited conditions: * if you have a technical problem that requires decentralised, cryptographically verified token
by davidgerard 9y ago
An ICO makes sense for crowdfunding in very limited conditions:
* if you have a technical problem that requires decentralised, cryptographically verified tokens (if it doesn’t need tokens, they shouldn’t be bolted on);
* if the tokens are directly usable on the platform itself;
* if at least a proof-of-concept of the technology verifiably exists;
* it also helps if the idea is even plausible as a business.
Unsurprisingly, most ICOs don’t meet these criteria.
The closest I've seen is Civic, which tried quite hard to meet the first three. However, for the fourth, it's still using a blockchain to solve a problem that only exists if you use a blockchain.