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Token sales are on track to raise over $2 billion worth of cryptocurrency this year, which is more than early-stage VC funding, and most of that for distributed
by CryptoPunk 9y ago
Token sales are on track to raise over $2 billion worth of cryptocurrency this year, which is more than early-stage VC funding, and most of that for distributed application (mostly blockchain based) development.
Given crowd funding through token sales is the first major use-case for cryptocurrency, and is funding numerous cryptocurrency projects, I can't see how one could argue that it is not important to the cryptocurrency sector. Also, almost all token sales are on Ethereum.
- uberrr 9y agoWhat do you mean by "more than early-stage VC funding"?
- CryptoPunk 9y agoAngel and seed VC funding: http://static2.businessinsider.com/image/598c2fd427fa6b5e17448a25-538/goldman-ico.jpg http://static2.businessinsider.com/image/598c2fd427fa6b5e174...
- QAPereo 9y agoLets see how much of that money doesn't "vanish" by this time next year.
- nl 9y agoAre any of those real things where the ICO is a critical part of the app? All the ones I've seen are gimmicks.